AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - Mr. Harveer Singh retired as President, Advanced Breaking Systems, effective 30 September 2026.
Source: Bse
ASK Automotive Limited (ASKAUTOLTD)
Micro CapAuto stocks · Micro cap · NSE
ASK Automotive Limited is an Indian auto ancillary company specializing in advanced braking systems, aluminum lightweighting precision solutions (ALPS), and safety control cables. It primarily serves the two-wheeler segment and is expanding into new product lines and capacities.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals21 Oct 2026 · screener
Latest result04 Aug, 11:51 pm IST
Score21 Oct, 06:09 pm IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
46NeutralSMA20 -1.8% / mo · MACD − · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 47
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ASKAUTOLTDD candles · FIT view+26.9%Latest close ₹552.65 on 2026-10-21
Bar
-0.6%
RSI
33
MACD hist
-6.95
52W pos
57%
2026-10-21O ₹555.80H ₹568.00L ₹549.35C ₹552.65Vol 1.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ASKAUTOLTDNifty AutoNifty 500
- ASKAUTOLTD
- +13.9%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- +20.4 pp
Chart stats
21 Oct 2026- From 52W high
- -19.6%
- 52W range position
- 57%
- ATR (14)
- 4.1%
- Volume vs 20D
- 0.52x
- Avg traded value
- ₹16.1 Cr
- 20D price channel
- ₹549.4 - ₹678.8
₹687.7
₹375.3 - ₹687.7
₹22.9
Latest completed session
20-session average
37.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good62
Revenue +52.4% · PAT +28.8% YoY
Technical
Neutral46
Price trend and sector-relative-strength timing.
Valuation
Legacy model+10.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 62/100Rev +52% YoY · PAT +29% YoY · +18% QoQ · margin compression
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,358 Cr | +52.4% | +18.4% |
| EBITDA | ₹158 Cr | +31.7% | +19.7% |
| Operating margin | 12.0% | -100 bps | +0 bps |
| PAT | ₹85 Cr | +28.8% | +18.1% |
| PAT margin | 6.3% | -115 bps | -2 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 34.30
- P/B
- 8.30
- EV/EBITDA
- 16.72
- Market Cap
- 10860.00Cr
Profitability
- ROE
- 25.10%
- ROCE
- 25.40%
- ROA
- 12.36%
- Dividend Y
- 0.31%
Growth (CAGR)
- Revenue 5Y
- 22.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 34.00%
Balance Sheet
- Debt/Equity
- 0.52
- Interest Coverage
- 10.54×
- Altman Z
- 8.66
- Book Value
- 66.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 301.00 Cr
- EPS TTM
- 16.05
Shareholding
- Promoter Hold
- 74.95%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 57%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 1,358+18.4% vs prev
Net Profit
₹ CrLatest: 85.0+18.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 33.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.8% over last month) — short-term momentum negative.
- RSI(14) at 33 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 20% off 52W high · 47% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
80
RS percentile
Stage 2 UptrendEstablished S2
1M return
-15.6%
3M return
+13.9%
6M return
+27.2%
1Y return
+12.2%
RS 1D
0
RS 20D
-2
Sector rank
#5
Industry rank
#30
Stage evidence
- Price is 7.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.6%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
04 Aug 2026
S2 age
54 trading sessions
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 106.36-1.56%
RS vs Nifty 500106
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation4/30
Growth18/25
Quality16/20
Balance Sheet9/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 10.7%.
- Quality contributes 16/20 to the score.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
34.3
PB
8.3
EV/EBITDA
16.7
ROE
25.1%
ROCE
25.4%
FCF Yield
—
Debt/Equity
0.5
MoS
+10.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+10.7%
Previous: +10.7%
Score history
12 stored score snapshots. Latest stored move: +2 points.
21 Oct 2026
v4.3-runtime-valuation
53
53
53
54
54
54
54
54
54
54
54
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹154.97
-256.6% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹618.73
+10.7% MoS
PEG
1.20
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ZFCVINDIA
Large
ZF Commercial Vehicle Control Systems India Limited
Auto Components
match 148
43
48.6
14.6%
-8%
WATCHLIST
CIEINDIA
Micro
CIE Automotive India Limited
Auto Components
match 140
66
16.1
11.8%
+60%
UNDERVALUED
VARROC
Micro
Varroc Engineering Limited
Auto Components
match 138
46
43.8
15.1%
-61%
FAIR VALUE
LUMAXTECH
Micro
Lumax Auto Technologies Limited
Auto Components
match 138
55
40.5
26.4%
-4%
FAIR VALUE
PRICOLLTD
Micro
Pricol Limited
Auto Components
match 137
55
30.5
21.8%
+22%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-11T14:12:43.972Z
Management commentary snapshot
ASK Automotive reports highest-ever Q1 FY27 revenue, EBITDA, and PAT, with consolidated revenue up 52.1% YoY (25.3% ex-pass-through & wheel assembly reduction). Outperformed 2W industry growth, revised full-year guidance to high-teens.
The company delivered strong Q1 FY27 results, outperforming the 2W industry. Management revised full-year growth guidance upwards to high-teens and is undertaking significant capex for new orders, including a new plant. Absolute EBITDA growth is prioritized over margin percentage due to pass-throughs. Focus on value-added businesses and green energy initiatives are positive.
Growth engines
Advanced Braking Systems
Sustained market leadership position and 48% YoY revenue growth in Q1 FY27.
Aluminum Lightweighting Precision Solutions (ALPS)
Strong 75% YoY revenue growth in Q1 FY27, with substantial EV orders.
New Order Wins
Confirmed orders of Rs. 70-90 crore for FY27 and Rs. 250 crore for FY28 for alloy wheels. New plant in South due to new orders.
Exports
Ford Motors export order expected to be Rs. 40-45 crore this year, rising to Rs. 60 crore next year. Guidance of 20% increase in exports for FY27.
Capacity and execution
Bikaner Solar Plant
Second captive solar plant of 11.55 megawatts at Bikaner, Rajasthan, is ready and expected to be commissioned in Q2 FY27.
New Plant in South (Bangalore)
A new plant will be set up in Bangalore on a war footing due to new orders, expected to be operational before March in this financial year.
Capex Plan FY27
Revised capex guidance for FY27 from Rs. 450-500 crore to approximately Rs. 700 crore due to new orders and plant expansion.
Tailwinds
Indian Economy Growth
Indian economy continues to be the world's fastest-growing major economy, with robust domestic demand and resilient private consumption.
Government Reforms
GST 2.0 rate reduction, personal income tax rationalization, successive RBI rate cuts, and liquidity measures energize the automobile sector.
Improved Rural Outlook
Monsoon deficit eased with late June/early July rainfall, supporting rural income and two-wheeler demand for festive season.
8th Pay Commission & Policy Support
Expected benefits from 8th Pay Commission and continued policy support for manufacturing and formalization through labor reforms.
Headwinds
Geopolitical Conflict & Commodity Volatility
Geopolitical conflict in West Asia created volatility in energy, commodity, and currency markets, leading to sharp increase in aluminum alloy prices.
EV Customer Performance
One major EV customer, which contributed large revenue, is not performing, distorting EV growth percentage.
Risk radar
Commodity Price Volatility
Volatility in alloy prices may affect margin percentages due to the denominator effect, though absolute EBITDA is hedged.
Geopolitical Situation
EBITDA margin improvement depends on the geopolitical situation, specifically if the Hormuz Strait remains clear.
Debt Increase
Debt levels increased in Q1 FY27 due to sudden increase in working capital requirement from commodity price increases and new capex.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The management consistently refers to year-on-year growth for all financial and operational metrics, including industry production, revenue, EBITDA, and PAT, indicating seasonality or long-term trend focus.
Sector KPIs management disclosed
Consolidated Revenue Growth
Consolidated revenue grew by 52.1% YoY. Excluding pass-through impact of alloy prices (33.4%) and wheel assembly strategic reduction (6.6%), net revenue grew by 25.3% YoY.
EBITDA Growth & Margin
EBITDA grew by 32.7% YoY to Rs. 164 crore. EBITDA margin stood at 12%, impacted by abrupt alloy price pass-through.
PAT Growth
PAT grew by 28.8% YoY to Rs. 85 crore.
Two-Wheeler Production Growth (Industry)
Indian two-wheeler segment recorded production growth of 22.8% YoY in Q1 FY27, with 72.5 lakh units.
Management forward view
Full Year Growth Guidance
Confident to grow not only in mid-teens, but for the full year in high teens, revising previous guidance.
EBITDA Margin Outlook
With aluminum prices expected to remain benign, anticipate an improvement in EBITDA margins, targeting 13.5% to 14%.
AISIN JV Profitability
AISIN JV is ramping up, introducing more products, and expected to see some profitability by the end of this year quarter, though not significant.
Sunroof Cables Business
Sunroof cables business is going as per plan, with initial supplies starting from H2 and substantial growth expected next year.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Full Year Revenue Growth | Q1 FY27 net revenue growth 25.3% YoY (ex-pass-through & wheel assembly reduction). | Achievement of revised 'high-teens' growth guidance for FY27. |
| EBITDA Margin | 12% in Q1 FY27, impacted by alloy price pass-through. | Improvement towards 13.5-14% as aluminum prices stabilize and denominator effect normalizes. |
| New Plant Commissioning (South) | New plant in Bangalore to be operational before March FY27. | Timely commissioning and ramp-up of the new facility to support new orders. |
| AISIN JV Profitability | Currently making losses, but expected to see some profitability by end of this year quarter. | Actualization of profitability and significant revenue contribution in FY28. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 85th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
42 docs text-extracted · 18 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · Auto: 85th pctile, median 74 · Micro: 86th pctile, median 73
Evidence depth
Financial-only
42 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸ROCE is 25.4%.
Trust risks
- ▸Promoter holding fell 4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching ASK Automotive Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Sep - ASK Automotive will attend Nuvama Emerging India CEO Forum on September 28, 2026, in Mumbai.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2d - The copies of the Newspaper Advertisement for the intimation of the 38th Annual General Meeting of the Company Scheduled to be held on August 07, …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Newspaper Advertisement published in the newspaper for the giving Notice of the Annual General Meeting of the Company.
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 10 Jul
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 10 Jul
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Jun - ASK Automotive to hold virtual analyst meeting with Kotak PCG on June 29, 2026, 4:00-5:00 P.M.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Mr. Rajender Dharna, President–Operations (ALPS), retired effective close of business June 30, 2026.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 May - ASK Automotive reported FY26 revenue of ₹4,196 crore, PAT ₹297 crore; Q4 revenue rose 35.3%.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.