Automotive Stampings and Assemblies share price & results
- Sept 2026
- Sept 2026
Tier-One auto-components maker of sheet metal components, assemblies and sub-assemblies, supplying just-in-time/just-in-sequence to Tata Motors and other OEMs from plants in Maharashtra, Uttarakhand, Gujarat and Jharkhand.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 337 | +59.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 6.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 10.0 | +150.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 70.59 | +158.5 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 5.97 | +8.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 42.15 | +26.9 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −14.2% 1Y
1Y: ₹527.8 on 24 Oct 2025 → ₹453.1. High ₹565.6 (30 Oct 2025), low ₹377.4 (30 Mar 2026).
- Previous close
- ₹453.2
- Market cap
- ₹726 Cr
- 52-week range
- ₹377.4 – ₹565.6
- One year
- −13.73%
- Price to earnings (TTM to Sept 2026)
- 20.17×
- Return on equity (TTM to Sept 2026)
- 70.59%
Overview
- Symbol
- NSE:ASAL
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Automotive Stampings and Assemblies Limited does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +150% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 198 | 188 | 173 | 212 | 250 | 256 | 253 | 337 |
| Expenses | 187 | 175 | 162 | 199 | 233 | 237 | 239 | 315 |
| Operating profit | 12 | 13 | 11 | 13 | 17 | 18 | 14 | 22 |
| Operating margin | 6.0% | 7.0% | 6.0% | 6.0% | 7.0% | 7.0% | 6.0% | 6.0% |
| Other income | 1 | 0 | 1 | 1 | -1 | 1 | 1 | 0 |
| Interest | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 4 | 5 | 3 | 4 | 7 | 11 | 6 | 14 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −24.0% | 25.0% | 26.0% |
| Net profit | 4 | 5 | 3 | 4 | 7 | 13 | 5 | 10 |
| EPS (₹ per share) | 2.25 | 3.11 | 1.60 | 2.77 | 4.71 | 8.37 | 2.96 | 6.35 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 828 | 879 | 775 | 891 |
| Expenses | 796 | 830 | 728 | 831 |
| Operating profit | 32 | 51 | 48 | 59 |
| Other income | 3 | 0 | 3 | 2 |
| Interest | 13 | 16 | 16 | 15 |
| Depreciation | 14 | 16 | 20 | 20 |
| Profit before tax | 8 | 21 | 17 | 25 |
| Net profit | 8 | 21 | 17 | 27 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | -43 | -23 | -7 | 0 | 20 | 35 |
| Borrowings | 83 | 105 | 149 | 113 | 124 | 106 |
| Other liabilities | 170 | 188 | 137 | 172 | 175 | 220 |
| Total liabilities | 226 | 285 | 294 | 301 | 335 | 377 |
| Fixed assets | 93 | 115 | 118 | 111 | 102 | 98 |
| Capital work in progress | 0 | 3 | 0 | 1 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 132 | 167 | 176 | 189 | 232 | 277 |
| Total assets | 226 | 285 | 294 | 301 | 335 | 377 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 4 | 44 | 25 | 31 | -7 | 59 |
| Cash from investing | 3 | 91 | -14 | -12 | -16 | -6 |
| Cash from financing | -7 | -132 | -12 | -20 | 25 | -39 |
| Net cash flow | 0 | 4 | -1 | -1 | 3 | 15 |
| Free cash flow | 7 | 136 | 10 | 19 | -22 | 53 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 34 | 14 | 20 | 30 | 43 | 40 |
| Inventory days | 52 | 30 | 28 | 35 | 35 | 48 |
| Days payable | 109 | 82 | 76 | 81 | 65 | 79 |
| Cash conversion cycle | -23 | -38 | -28 | -16 | 13 | 9 |
| Working capital days | -149 | -61 | -40 | -30 | -30 | -17 |
| Return on capital employed | −14.0% | 12.0% | 41.0% | 46.0% | 24.0% | 25.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
AttractiveTo justify its price of ₹453, this stock must grow earnings at 13% every year for 7 years. Our analysis caps realistic growth at ~49%. At that growth it is worth ₹2649 — upside of 485%.
- Growth the price implies
- 12.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 50.3% a year
- net profit, FY23–FY26 · EPS 49.2%
- The gap
- -0.4 pp
- 485% downside if it only repeats history
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions cut 0.06 pts since Jun 2026.
- Promoters 75.00%
- Foreign institutions 0.03%
- Domestic institutions 0.00%
- Public 24.98%
Who is on the register
Named in the Sep 2026 filing
Every holder of Automotive Stampings and Assemblies Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 75.00% | 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.
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