Automotive Stampings & Assemblies Ltd. (IN:ASAL)
:ASAL
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Automotive Stampings & Assemblies Ltd.
(ASAL)
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Rating:58Neutral
Price Target:
₹549.00
▲(16.42% Upside)
Action:Reiterated
Date:04/29/26
The score is driven primarily by improving operating performance and a strong FY2026 cash-flow rebound, but is held back by balance-sheet risk (history of negative equity and high leverage). Technicals are supportive due to a clear uptrend, though overbought signals add near-term risk. Valuation at ~25.6x earnings is not cheap and lacks dividend support.
Positive Factors
Revenue Growth
Sustained mid-teens revenue growth indicates the company is regaining OEM program volumes and winning or retaining production business. Over a 2–6 month horizon this trend supports scale economies, steadier utilization of presses and lines, and a better base for margin recovery and reinvestment.
Negative Factors
High Leverage
Elevated debt levels relative to company size constrain capital allocation and increase sensitivity to volume or margin shocks. Over months, high leverage can divert FCF to interest and principal, limit funding for tooling or capacity, and raise refinancing and covenant pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained mid-teens revenue growth indicates the company is regaining OEM program volumes and winning or retaining production business. Over a 2–6 month horizon this trend supports scale economies, steadier utilization of presses and lines, and a better base for margin recovery and reinvestment.
Read all positive factors
Automotive Stampings & Assemblies Ltd. (ASAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.04B
Dividend YieldN/A
Average Volume (3M)35.61K
Price to Earnings (P/E)12.2
Beta (1Y)1.21
Revenue Growth14.86%
EPS Growth64.96%
CountryIN
Employees497
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)9.73
Shares Outstanding15,864,397
10 Day Avg. Volume4,537
30 Day Avg. Volume35,613
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)17.88
Price to Sales (P/S)0.73
P/FCF Ratio12.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Automotive Stampings & Assemblies Ltd. Business Overview & Revenue Model
Company Description
Automotive Stampings and Assemblies Limited designs, develops, manufactures, assembles, and sells sheet metal stampings, welded assemblies, and modules for passenger vehicles, commercial vehicles and tractors in India. The company offers skin pane...
How the Company Makes Money
ASAL makes money primarily by manufacturing and supplying automotive metal stampings and assemblies to customers (typically vehicle OEMs and/or tier-1 suppliers) under purchase orders or supply contracts. Revenue is generated per part shipped, whe...
Automotive Stampings & Assemblies Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.71B | 8.91B | 7.75B | 8.80B | 8.28B | 6.08B |
| Gross Profit | 2.15B | 2.52B | 2.06B | 1.89B | 1.62B | 1.12B |
| EBITDA | 498.70M | 590.75M | 483.64M | 498.03M | 348.51M | 781.28M |
| Net Income | 154.36M | 276.77M | 167.79M | 201.70M | 83.25M | 523.11M |
Balance Sheet | ||||||
| Total Assets | 3.01B | 3.35B | 2.94B | 2.85B | 2.26B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 174.23M | 189.77M | 44.03M | 18.80M | 29.14M | 35.71M |
| Total Debt | 1.13B | 1.24B | 1.49B | 1.05B | 826.69M | 819.44M |
| Total Liabilities | 2.85B | 2.99B | 2.86B | 2.92B | 2.53B | 2.17B |
| Stockholders Equity | 157.73M | 361.61M | 87.36M | -73.70M | -273.42M | -357.14M |
Cash Flow | ||||||
| Free Cash Flow | 399.68M | 518.58M | -232.61M | 184.80M | 102.80M | 259.79M |
| Operating Cash Flow | 441.43M | 589.75M | -67.19M | 311.23M | 249.65M | 438.24M |
| Investing Cash Flow | -40.98M | -57.42M | -154.97M | -124.19M | -136.26M | 912.41M |
| Financing Cash Flow | -428.78M | -386.59M | 247.39M | -197.38M | -119.95M | -1.32B |
Automotive Stampings & Assemblies Ltd. Technical Analysis
Positive
471.55
Price Trends
465.86
Positive
460.98
Positive
487.32
Positive
Market Momentum
4.75
Positive
55.22
Neutral
71.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAL, the sentiment is Positive. The current price of 471.55 is below the 20-day moving average (MA) of 506.40, above the 50-day MA of 465.86, and below the 200-day MA of 487.32, indicating a bullish trend. The MACD of 4.75 indicates Positive momentum. The RSI at 55.22 is Neutral, neither overbought nor oversold. The STOCH value of 71.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASAL.
Automotive Stampings & Assemblies Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹34.33B | 125.97 | ― | 0.13% | 52.45% | 21.13% | |
58 Neutral | ₹18.54B | 18.47 | ― | 1.57% | 24.30% | 29.97% | |
58 Neutral | ₹8.04B | 12.17 | ― | ― | 14.86% | 64.96% | |
56 Neutral | ₹8.53B | 19.89 | ― | 0.87% | -19.34% | -49.87% | |
47 Neutral | ₹5.06B | 204.12 | ― | 0.48% | 51.86% | -146.45% |
* Industrials Sector Average
IN:ASAL
Automotive Stampings & Assemblies Ltd.
509.30
20.80
4.26%
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11.37%
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1,154.75
530.76
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817.40
130.55
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1,265.05
279.28
28.33%
IN:STERTOOLS
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233.50
-79.30
-25.35%
Automotive Stampings & Assemblies Ltd. Corporate Events
Automotive Stampings & Assemblies Publishes Unaudited Q3 and Nine-Month Results in Newspapers
Jan 30, 2026
Automotive Stampings and Assemblies Limited has announced that it has published its unaudited financial results for the quarter and nine months ended 31 December 2025 in leading newspapers Financial Express and Loksatta, in line with securities ma...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.