ASAL
Automotive Stampings and Assemblies financials
- Market cap
- ₹731 Cr
What Automotive Stampings and Assemblies Limited does
Automotive Stampings and Assemblies Limited operates in the Sheet Metal Components, Assemblies and Sub-Assemblies segment of the auto components industry and is a Tier-One supplier to major automobile OEMs. It manufactures sheet metal components, assemblies and sub-assemblies, locating its plants close to customer facilities to supply on a just-in-time/just-in-sequence basis. The company has supplied Tata Motors since its inception and also supplies Tata AutoComp Hendrickson Suspensions and Fiat India Automobiles; it is part of the Tata AutoComp group.
Segments
- Sheet Metal Components, Assemblies and Sub-Assemblies
- Manufacturing/works locations
- 5 works: Chakan I & II (Pune, Maharashtra), Pantnagar (Uttarakhand), Sanand (Gujarat, leased), Jamshedpur (Jharkhand, leased)
- States with manufacturing presence
- 4 (Maharashtra, Uttarakhand, Gujarat, Jharkhand)
- Major OEM relationships (related parties)
- Tata Motors (TML), Tata AutoComp Hendrickson Suspensions (THSL), Fiat India Automobiles (FIAT)
- Reportable business segment
- Sheet Metal Components, Assemblies and Sub-Assemblies (single segment)
Quarterly results
Q1 FY27: revenue up 46.4%, net profit up 84.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 197 | 198 | 188 | 173 | 212 +7% | 250 +26% | 256 +36% | 253 +46% |
| EBITDA | 11 | 12 | 13 | 11 | 13 +11% | 17 +47% | 18 +38% | 14 +31% |
| Net profit | 4 | 4 | 5 | 3 | 4 +3% | 7 +109% | 13 +169% | 5 +85% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −4.8% 1Y
1Y: ₹485.65 on 10 Sept 2025 → ₹462.4. High ₹601.7 (29 Sept 2025), low ₹377.4 (30 Mar 2026).
Financials, as filed
Revenue grew 2.5% a year over 3 years, FY23 to FY26. Operating margin widened to 6.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹828 Cr | ₹880 Cr | ₹775 Cr | ₹891 Cr |
| Operating profit | ₹32 Cr | ₹51 Cr | ₹48 Cr | ₹58 Cr |
| Operating margin | 3.9% | 5.8% | 6.2% | 6.6% |
| Interest | ₹13 Cr | ₹15 Cr | ₹15 Cr | ₹14 Cr |
| Depreciation | ₹14 Cr | ₹16 Cr | ₹20 Cr | ₹20 Cr |
| Net profit | ₹8 Cr | ₹20 Cr | ₹17 Cr | ₹28 Cr |
| Net margin | 1.0% | 2.3% | 2.2% | 3.1% |
| Cash from operations | ₹25 Cr | ₹31 Cr | ₹-7 Cr | ₹59 Cr |
| Free cash flow | ₹10 Cr | ₹19 Cr | ₹-22 Cr | ₹53 Cr |
| ROCE | 41.0% | 46.0% | 24.0% | 25.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹-105 Cr | ₹-52 Cr | ₹-43 Cr | ₹-23 Cr | ₹0 Cr | ₹20 Cr |
| Borrowings | ₹158 Cr | ₹82 Cr | ₹83 Cr | ₹105 Cr | ₹113 Cr | ₹124 Cr |
| Other liabilities | ₹105 Cr | ₹135 Cr | ₹170 Cr | ₹188 Cr | ₹172 Cr | ₹175 Cr |
| Total liabilities | ₹175 Cr | ₹181 Cr | ₹226 Cr | ₹285 Cr | ₹301 Cr | ₹335 Cr |
| Fixed assets | ₹84 Cr | ₹90 Cr | ₹93 Cr | ₹115 Cr | ₹111 Cr | ₹102 Cr |
| Capital work in progress | ₹1 Cr | ₹3 Cr | ₹0 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹90 Cr | ₹88 Cr | ₹132 Cr | ₹167 Cr | ₹189 Cr | ₹232 Cr |
| Total assets | ₹175 Cr | ₹181 Cr | ₹226 Cr | ₹285 Cr | ₹301 Cr | ₹335 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 12% to 32,616.
- Promoters
- 75.0%
- FIIs
- 0.1%
- Public
- 24.9%
Since Jun 2025
- FIIs +0.09 pp
- Public −0.08 pp
- DIIs −0.01 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, Public 25.0%.Dec '23: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '24: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Jun '24: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Sep '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '25: Promoters 75.0%, FIIs 0.1%, DIIs 0.0%, Public 24.9%.Jun '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '26: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '26: Promoters 75.0%, FIIs 0.1%, Public 24.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Artifex Interior Systems Limited newly disclosed 0.00% held
- Artifex Systems Slovakia s. r. o. (formerly known as IAC Group (Slovakia) s.r.o.) newly disclosed 0.00% held
- Tata AutoComp Katcon Composites S A P I de C V newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Automotive Stampings and Assemblies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tata Autocomp Systems Limited | 75.00% | unchanged |
| Tata Sons Private Limited | 0.00% | unchanged |
| Tata Industries Limited | 0.00% | unchanged |
| Ryhpez Holding (Sweden) AB | 0.00% | unchanged |
| TACO Engineering Services GmbH | 0.00% | unchanged |
| TACO EV Component Solutions Private Limited | 0.00% | unchanged |
| TACO Prestolite Electric Private Limited | 0.00% | unchanged |
| TACO Punch Powertrain Private Limited | 0.00% | unchanged |
| Tata AutoComp Gotion Green Energy Solutions Private Limited | 0.00% | unchanged |
| Tata Autocomp Hendrickson Suspensions Private Limited | 0.00% | unchanged |
| Tata Toyo Radiator Limited | 0.00% | unchanged |
| TitanX Engine Cooling SRL | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹462, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~49%. At that growth it is worth ₹2265 — upside of 390%.
- Growth the price implies
- 16.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 51.5% a year
- net profit, FY23–FY26 · EPS 49.2%
- The gap
- -0.3 pp
- 390% downside if it only repeats history
Learn to analyse Automotive Stampings and Assemblies Limited
Guides on how to read this kind of business and the numbers that matter.