ASK Automotive Limited (ASKAUTOLTD) AI Stock Analysis

• Market Cap: ₹80.34B
• Dividend Yield: 0.5%
• Average Volume (3M): 25.34K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 1.54
• Revenue Growth: 9.75%
• EPS Growth: 21.44%
• Country: IN
• Employees: 1,645
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Auto - Parts
• EPS (TTM): 4.10
• Shares Outstanding: 197,142,600
• 10 Day Avg. Volume: 17,356
• 30 Day Avg. Volume: 25,345
• PEG Ratio: 0.84
• Price to Book (P/B): 8.49
• Price to Sales (P/S): 2.46
• P/FCF Ratio: 609.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 15.39
• Revenue Forecast (FY): ₹40.49B

• Rating: 69 Neutral
• Price Target: ₹443.00 ▼(-6.58% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

ASK Automotive Limited's overall stock score is driven by strong financial performance, characterized by robust revenue growth and effective cash flow management. However, technical analysis indicates potential bearish momentum, and the valuation suggests the stock is fairly valued. Attention to increasing liabilities and high capital expenditures is necessary to maintain financial stability.

Positive Factors

Sustained Revenue Expansion

Material multi-year revenue growth evidences successful OEM platform penetration and scaling. For a supplier to OEMs, this durable expansion implies sticky contract flows, higher production scale benefits and improved negotiating power with customers and suppliers, supporting long-term cash generation.

Improving Cash Generation

Recovery to positive free cash flow and operating cash conversion that backs net income indicate stronger cash discipline. This enhances the company’s ability to fund capex, service debt and sustain working capital through automotive cycles without overreliance on external financing.

Healthy Capital Structure

A solid equity base and manageable leverage provide financial flexibility to invest in capacity and absorb OEM payment cycles. Improved equity ratio and sustained ROE suggest capital is being deployed effectively, reducing refinancing risk and supporting long-term operational stability.

Negative Factors

Rising Liabilities

Growing total debt/liabilities raise refinancing and interest-service risk over time. In an OEM-linked business with cyclical volumes, higher leverage can strain liquidity in downturns, limit strategic investments and reduce buffer against variable receivables or delayed customer payments.

High Capital Expenditure Needs

Sustained high capex requirements absorb free cash flow and can depress cash reserves even as revenue grows. Over a 2-6 month horizon this structural spend profile may necessitate external funding or slower deleveraging, constraining flexibility for shareholder returns or opportunistic investments.

EBIT Margin Volatility

Volatile EBIT margins point to exposure to raw material swings, product mix changes or pricing pressure from OEMs. Such variability undermines predictability of profitability and return on invested capital, complicating long-term planning and potentially reducing resilience during industry cyclicality.

ASK Automotive Limited Business Overview & Revenue Model

Company Description

ASK Automotive Limited, through its subsidiary, manufactures and sells auto components for the automobiles industry in India. The company offers advanced braking systems, such as brake panel assemblies, brake shoes, disc brake pads, clutch plates and shoes, and brake liners; and aluminum lightweighting precision solutions for two and four-wheeler, and electric vehicles. It also provides safety control cables comprising front and brake cable, clutch cable, throttle cable, speedometer cable, and starter cable/choke cable assemblies. The company serves original equipment manufacturers. ASK Automotive Limited was incorporated in 1988 and is based in Gurugram, India.

How the Company Makes Money

ASK Automotive Limited primarily makes money by manufacturing and selling automotive braking components and related assemblies to vehicle OEMs as part of their production supply chain. Revenue is generated through (1) OEM supply contracts/order flows tied to vehicle production volumes—supplying brake shoes, brake pads, and brake assemblies designed for specific vehicle models; and (2) sales of allied components where applicable within its portfolio. Earnings are influenced by the mix of products supplied, pricing and cost pass-through mechanisms (where present) in customer agreements, capacity utilization at manufacturing facilities, and the concentration and continuity of OEM relationships that drive recurring platform-based demand over a vehicle model’s life cycle. Specific details on customer-wise revenue split, after-market vs OEM mix, and named partnership/JV contributions are null.

ASK Automotive Limited Financial Statement Overview

Summary

ASK Automotive Limited demonstrates strong financial health with robust revenue growth and improved profitability. The balance sheet reflects a solid equity base, though increasing liabilities need attention. Cash flow management is effective, but high capital expenditures require monitoring.

Income Statement

ASK Automotive Limited demonstrates strong revenue growth and improving profitability. Over the past years, revenue grew significantly from ₹15,420 crore in 2021 to ₹36,008 crore in 2025, showing robust expansion. The gross profit margin improved notably, indicating efficient cost management. However, the EBIT margin shows some volatility, which may suggest operational efficiency challenges. Overall, the company's net profit margin is healthy, enhancing its financial stability.

Balance Sheet

The balance sheet of ASK Automotive reflects a healthy equity base with a solid debt-to-equity ratio, which remains manageable. The equity ratio improved, underscoring a strong capital structure. While total debt has increased, the company's return on equity remains strong, evidencing effective use of equity capital. Nonetheless, increasing liabilities could pose a risk if not managed carefully.

Cash Flow

Cash flow analysis indicates positive trends, with free cash flow recovering from negative values to positive in the current period. Operating cash flow consistently supports the company's net income, suggesting solid cash conversion. The free cash flow to net income ratio has improved, highlighting better cash flow management. However, capital expenditure remains high, which needs monitoring to ensure sustainable cash flow generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	37.10B	36.01B	29.90B	25.53B	20.11B	15.42B
Gross Profit	11.10B	11.73B	3.16B	2.48B	1.68B	1.81B
EBITDA	4.83B	4.32B	3.11B	2.48B	1.82B	2.10B
Net Income	2.69B	2.48B	1.74B	1.23B	826.59M	1.06B
Balance Sheet
Total Assets	23.19B	19.24B	15.68B	12.81B	11.06B	9.48B
Cash, Cash Equivalents and Short-Term Investments	103.70M	201.80M	126.53M	23.77M	15.67M	185.27M
Total Debt	6.12B	4.12B	3.46B	3.28B	1.75B	841.69M
Total Liabilities	11.60B	8.81B	7.52B	6.37B	4.74B	3.26B
Stockholders Equity	11.59B	10.43B	8.17B	6.44B	6.32B	6.22B
Cash Flow
Free Cash Flow	-1.58B	145.30M	184.50M	-278.06M	533.69M	719.26M
Operating Cash Flow	1.09B	3.60B	3.03B	1.39B	1.44B	1.19B
Investing Cash Flow	-2.63B	-3.39B	-2.78B	-1.61B	-799.63M	-82.17M
Financing Cash Flow	1.44B	-136.20M	-155.45M	232.06M	-814.79M	-960.42M

ASK Automotive Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 474.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASKAUTOLTD, the sentiment is Negative. The current price of 474.2 is above the 20-day moving average (MA) of 417.04, above the 50-day MA of 440.80, and below the 200-day MA of 479.45, indicating a bearish trend. The MACD of -14.06 indicates Positive momentum. The RSI at 42.80 is Neutral, neither overbought nor oversold. The STOCH value of 54.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASKAUTOLTD.

ASK Automotive Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRICOLLTD	71 Outperform	₹65.97B	31.66	―	0.32%	35.16%	14.52%
ASKAUTOLTD	69 Neutral	₹80.34B	29.55	―	0.50%	9.75%	21.44%
NDRAUTO	63 Neutral	₹16.42B	32.60	―	0.33%	13.68%	33.44%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
REDTAPE	61 Neutral	₹62.99B	16.39	―	0.60%	7.29%	14.72%
SUBROS	60 Neutral	₹44.88B	40.65	―	0.30%	8.91%	24.72%

ASK Automotive Limited Corporate Events

ASK Automotive Schedules Investor and Analyst Meet at Manesar Plant

ASK Automotive Limited has announced that its management and officials will participate in a group meeting with investors and analysts during the Emkay Global Auto Investor Tour. The session is scheduled as a physical meeting at the company’s Manesar plant on March 12, 2026, and will be limited to discussion of information already in the public domain.

The company emphasized that no unpublished price-sensitive information will be shared during this interaction, underscoring adherence to securities disclosure regulations. This planned engagement highlights ASK Automotive’s ongoing efforts to maintain regulatory compliance while fostering direct dialogue with institutional investors and analysts.

ASK Automotive Publishes Unaudited Q3 and Nine-Month FY2025 Results

ASK Automotive Limited has announced that its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were reviewed by its audit committee and approved by the board on January 28, 2026. The company has published these results via newspaper advertisements in Financial Express and Jansatta and made the detailed financial statements and limited review report available on the websites of the BSE, NSE, and the company, enhancing regulatory compliance and transparency for investors and other stakeholders.

ASK Automotive Clears Q3 FY26 Results, Renews Tenures of Four Independent Directors

ASK Automotive Limited’s board has approved the company’s standalone and consolidated unaudited financial results for the quarter and nine months ended 31 December 2025, along with the statutory auditors’ limited review reports, underscoring ongoing regulatory compliance and transparency for investors. The board also cleared, subject to shareholder approval, second three-year terms for four non-executive independent directors – Deepti Sehgal, Kumaresh Chandra Misra, Vinay Kumar Piparsania and Yogesh Kapur – signalling a deliberate move to maintain continuity and preserve a depth of expertise spanning consulting, government administration, global automotive operations and investment banking on its board.

ASK Automotive Clears Q3 FY26 Results, Extends Tenure of Four Independent Directors

ASK Automotive Limited’s board has approved the standalone and consolidated unaudited financial results for the quarter and nine months ended 31 December 2025, together with the statutory auditors’ limited review report, reinforcing its regular financial reporting cadence as a newly listed automotive components player. The board also cleared the re-appointment of four independent directors – Deepti Sehgal, Kumaresh Chandra Misra, Vinay Kumar Piparsania and Yogesh Kapur – for fresh three-year terms starting April and May 2026, subject to shareholder approval, a move that signals continuity in governance and draws on their diverse experience in consulting, public administration, global automotive operations and investment banking to support the company’s strategic direction.