ASK Automotive

₹296.5 0.6 | 0.2%

WEBSITE BSE:544022 NSE : ASKAUTOLTD 10 May, 16:01

Market Cap ₹5844 Cr.

Stock P/E 34.6

P/B 3.7

Current Price ₹296.5

Book Value ₹ 80.5

Face Value 2

52W High ₹334.9

Dividend Yield 0%

52W Low ₹ 240.7

Edit Ratio

ASK Automotive Research see more...

Overview Inc. Year: 1988Industry: Auto Ancillary

ASK Automotive Ltd is a prominent player in the automotive industry, specializing in the manufacturing of friction materials such as brake linings and clutch facings. Established with a commitment to quality and innovation, the company has successfully carved a niche for itself in the market. With state-of-the-art facilities and a focus on research and development, ASK Automotive Ltd caters to both domestic and international markets. The company's dedication to delivering high-performance and reliable products has earned it a strong reputation among automotive manufacturers and consumers alike. ASK Automotive Ltd continues to thrive as a key contributor to the automotive sector, emphasizing safety and efficiency through its cutting-edge friction solutions.

ASK Automotive Share Price

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Peer Comparison

ASK Automotive Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Sep 2023	Dec 2023
Net Sales	746	637	794	762
Other Income	3	2	5	1
Total Income	749	639	798	763
Total Expenditure	662	580	719	682
Operating Profit	87	59	79	82
Interest	3	3	8	8
Depreciation	15	15	17	18
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	69	41	54	55
Provision for Tax	18	10	16	16
Profit After Tax	51	31	38	39
Adjustments	-2	-2	3	10
Profit After Adjustments	49	29	41	50
Adjusted Earnings Per Share	2.5	1.5	2.1	2.5

ASK Automotive Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	654	843	879	1004	1578	1785	1645	1544	2013	2555	2939
Other Income	3	3	1	8	11	21	10	27	14	16	11
Total Income	658	846	880	1012	1589	1806	1654	1571	2027	2571	2949
Total Expenditure	587	739	769	885	1392	1568	1439	1361	1844	2323	2643
Operating Profit	71	107	111	126	197	239	216	210	182	248	307
Interest	14	16	15	15	14	20	20	11	8	11	22
Depreciation	11	25	25	31	41	37	52	52	56	61	65
Exceptional Income / Expenses	0	0	-2	0	4	0	0	0	0	0	0
Profit Before Tax	45	66	68	80	147	181	133	143	113	170	219
Provision for Tax	8	20	20	27	52	60	26	37	30	47	60
Profit After Tax	37	46	49	54	94	121	107	106	83	123	159
Adjustments	0	0	0	0	-1	-8	0	-0	0	0	9
Profit After Adjustments	37	46	49	54	93	114	107	106	83	123	169
Adjusted Earnings Per Share	2.1	2.6	2.8	3	5.2	6.4	5.3	5.2	4.1	6.2	8.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	16%	10%	0%
Operating Profit CAGR	36%	5%	5%	0%
PAT CAGR	48%	5%	6%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	19%	17%	21%	20%
ROCE Average	21%	20%	23%	22%

ASK Automotive Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	221	267	316	374	345	424	519	622	632	644
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	70	73	46	50	88	195	87	43	102	209
Other Non-Current Liabilities	27	21	27	40	132	176	181	132	174	126
Total Current Liabilities	179	194	227	235	297	286	210	237	339	421
Total Liabilities	497	556	615	699	862	1081	996	1033	1248	1400
Fixed Assets	215	244	301	327	368	560	607	603	738	726
Other Non-Current Assets	95	48	34	65	149	214	174	117	141	225
Total Current Assets	187	264	280	307	316	279	197	309	368	449
Total Assets	497	556	615	699	862	1081	996	1033	1248	1400

ASK Automotive Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	9	3	2	1	2	4	1	3	19	1
Cash Flow from Operating Activities	61	70	122	83	246	176	247	136	144	139
Cash Flow from Investing Activities	-86	-61	-82	-68	-173	-297	-60	-6	-80	-161
Cash Flow from Financing Activities	17	-9	-40	-15	-70	119	-186	-115	-81	23
Net Cash Inflow / Outflow	-8	-0	0	0	3	-3	2	15	-17	1
Closing Cash & Cash Equivalent	2	2	2	1	4	1	3	19	1	2

ASK Automotive Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.09	2.59	2.75	3.02	5.22	6.39	5.26	5.2	4.11	6.24
CEPS(Rs)	0	0	0	0	7.59	8.91	7.81	7.77	6.9	9.32
DPS(Rs)	0	0	0	0	0	0	0.4	0.4	0	0
Book NAV/Share(Rs)	12.43	15.02	17.77	21	19.42	23.85	25.5	30.58	31.45	32.65
Core EBITDA Margin(%)	9.2	10.98	11.09	10.45	11.43	12.09	12.27	11.54	8.27	8.97
EBIT Margin(%)	8.16	8.69	8.44	8.46	9.84	11.18	9.12	9.72	5.93	7
Pre Tax Margin(%)	6.2	7	6.91	7.1	9	10.06	7.93	9.03	5.54	6.57
PAT Margin (%)	5.08	4.87	4.94	4.75	5.78	6.74	6.38	6.71	4.05	4.76
Cash Profit Margin (%)	6.58	7.52	7.5	7.47	8.29	8.81	9.46	9.99	6.79	7.11
ROA(%)	7.49	8.75	8.36	8.18	12.05	12.48	10.3	10.47	7.25	9.29
ROE(%)	16.84	18.87	16.78	15.58	26.16	31.51	22.69	18.61	13.18	19.28
ROCE(%)	17.31	21.97	19.64	19.44	30.52	32.35	21.88	22.88	16.5	20.64
Receivable days	44.67	36.24	36.8	41	41.5	38.59	25.58	23.64	29.86	29.08
Inventory Days	21.9	26.24	37.56	39.51	24.56	18.81	20.94	23.72	21.2	19.64
Payable days	55.54	41.23	38.34	45.45	45.52	43.75	38.74	45.19	42.99	35.72
PER(x)	0	0	0	0	0	0	0	0	0	0
Price/Book(x)	0	0	0	0	0	0	0	0	0	0
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.19	0.16	0.15	0.16	0.11	0.18	0.09	0.05	0.1	0.14
EV/Core EBITDA(x)	1.73	1.25	1.17	1.27	0.87	1.32	0.72	0.36	1.09	1.43
Net Sales Growth(%)	0	28.86	4.27	14.19	57.22	13.15	-7.88	-6.12	30.38	26.93
EBIT Growth(%)	0	37.59	1.58	14.43	67.52	25.61	-23.94	0.47	-21.29	49.45
PAT Growth(%)	0	23.77	6.19	9.82	75.03	28.94	-11.79	-0.72	-22.17	48.75
EPS Growth(%)	0	23.77	6.2	9.81	72.69	22.56	-17.77	-1.13	-20.86	51.58
Debt/Equity(x)	0.56	0.51	0.42	0.44	0.49	0.72	0.29	0.09	0.25	0.49
Current Ratio(x)	1.04	1.36	1.23	1.3	1.06	0.98	0.94	1.31	1.08	1.07
Quick Ratio(x)	0.81	0.9	0.79	0.74	0.77	0.63	0.5	0.83	0.72	0.7
Interest Cover(x)	4.16	5.13	5.54	6.21	11.69	9.99	7.65	14.17	14.98	16.17
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0

ASK Automotive Shareholding Pattern

#	Mar 2022	Dec 2023	Mar 2024
Promoter	100	85	85
FII	0	4.92	4.48
DII	0	3.83	4.02
Public	0	6.25	6.5
Others	0	0	0
Total	100	100	100

#	Mar 2022	Dec 2023	Mar 2024
Promoter	20.09	16.76	16.76
FII	0	0.97	0.88
DII	0	0.75	0.79
Public	0	1.23	1.28
Others	0	0	0
Total	20.09	19.71	19.71

Pros

Debtor days have improved from 42.99 to 35.72days.
Company is almost debt free.

Cons

Stock is trading at 3.7 times its book value.
The company has delivered a poor profit growth of 5% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.