NSE: ASKAUTOLTD · BSE: 544022 · ISIN INE491J01022
ASK Automotive Limited stock analysis
ASK Automotive Limited ranks #298 in the TickerSutra evidence-ranked universe with a score of 67/100 and 91% data confidence. The latest captured fundamentals show ROCE of 25.4%, quarterly sales growth of 52.4% and quarterly profit growth of 28.8%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 25.4%
- 17.8% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,013cr | ₹166cr | ₹83cr | 8.0% |
| 2023 | ₹2,555cr | ₹231cr | ₹123cr | 9.0% |
| 2024 | ₹2,995cr | ₹301cr | ₹174cr | 10.0% |
| 2025 | ₹3,601cr | ₹432cr | ₹248cr | 12.0% |
| 2026 | ₹4,176cr | ₹531cr | ₹297cr | 13.0% |
| TTM | ₹4,643cr | ₹569cr | ₹316cr | 12.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
ASK Automotive Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineAgreements (Sub-para 5-Para B)NSE · 22 Sept 2026 · Structured filingASK AUTOMOTIVE LIMITED has informed the Exchange about Agreements (Sub-para 5-Para B)
ASK AUTOMOTIVE LIMITED has informed the Exchange about Agreements (Sub-para 5-Para B)
Open original XBRL sourcePlease find enclosed intimation of inter corporate loan to ASK Automobiles Private Limited, Wholly Owned Subsidiary of the Company
RoutineAgreementsNSE · 21 Sept 2026Please find enclosed intimation of Inter-Corporate Loan to M/s. ASK Automobiles Private Limited, Wholly Owned Subsidiary Company
RoutineASK Automotive Ltd - 544022 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 19 Sept 2026Intimation of Schedule of Analyst/ Institutional Investor meetings under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MANAGEMENT COMMENTARY
Signals from filed documents
Our EBITDA margin improved to 13.1%, reflecting the improving quality of our earnings and the benefits of our sustained focus on operational excellence, cost discipline and product mix optimisation. This improvement in profitability was supported by a combination of factors, including enhanced operating leverage, higher utilisation of recently commissioned capacities and disciplined cost management. Our strategic foc
Before I fall back to the queue, one question. Can you remind us on the utilization at Karoli and Bangalore facility, and also the capex plan for FY27 given that you are setting up this new plant in South? Kuldip Singh Rathee: Our Bangalore plant, which was our 18 th plant, is running at near optimum capacity utilization and happy to share that against the installed capacity in Karoli plant, from 60% to 65% that we w
Our all three product segments performed well in terms of revenue growth. We have sustained our market leadership position in the advanced braking system. Our advanced braking system revenue grew by 48% in Q1 on year-on-year basis.
Our performance during the year significantly outpaced industry growth, supported by sustained momentum across our core businesses and improving operating leverage.” Driving operational efficiency and sustainable growth Operational excellence continues to be a key priority. Improved capacity utilisation, process automation optimisation and scale benefits have contributed meaningfully to our margin expansion during th
The aftermarket segment grew by 9% to INR 1,08,453 crore, due to improving replacement demand and a gradual shift towards organised players. Auto component exports grew despite global challenges, but higher imports led to a trade deficit. Europe recorded the strongest growth as a key export market, while China, Japan, and Germany remained leading sourcing markets.
Naveen Kumar Dubey: Right, sir and the second question related to the margin, sir. We have seen some 300-basis point of gross margin contraction in recent quarters. So, do we expect that the gross margin to 34% levels in next 2-3 quarters?
Sir, have we increased our debt levels in Q1 from Q4 levels? ASK Automotive Limited August 05, 2026 Page 10 of 11 Naresh Kumar: Yes, it has increased, because due to sudden increase in working capital requirement due to commodity price increase, so there is an increase in debt. Kuldip Singh Rathee: Aluminum is Rs.
These structural developments provide greater confidence in India's long-term consumption and manufacturing growth trajectory. We are confident that we will continue to grow not only in mid-teens, but we will be now growing for the full year in high teens. Thank you very much for your patient hearing.
Yash Agarwal: Any update on that Ford order execution timeline and any new export order win recently? Kuldip Singh Rathee: We are in negotiations with 2-3 players, and I th ink a big export order, I'll tell you when it materializes, not before that. Yash Agarwal: Now the alloy wheel ramp-up is started, so the revenue guidance that you gave in the last earnings call, does it remain same or like, you have improved from
So why our growth is kind of similar and not higher in the two-wheeler EVs? Kuldip Singh Rathee: We also are growing in the EV with all the top customers, but one of the major customers, which we had a very large revenue, that is not performin g for the last some time. Because of that, the percentage looks little distorted.
The India–EU Free Trade Agreement, in particular, creates opportunities for increased investment and strategic collaboration, supporting exporters amid global uncertainty with benefits expected to accrue over time9. INDUSTRY OVERVIEW Global Automotive Industry The automotive industry is undergoing a period of rapid transformation, driven by technological innovation, evolving consumer preferences and changing regulato
Further, the securities of the Company got listed on the Stock Exchanges on 15 November 2023, therefore, the compliances of SEBI/ Stock Exchanges are applicable on the Company from such date only. Details of establishment of vigil mechanism / whistle blower policy and affirmation that no personnel has been denied access to the Audit Committee In view of the requirement of Section 177 of the Act and Regulation 22 of L
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Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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