ASKAUTOLTD

ASK Automotive share price & financials

Price
₹470
Market cap
₹12.9k Cr
Sector
Automobile and Auto Components
Calls analysed
6
Latest concall · Q1 FY27 · call held 05 Aug 2026

ASK Automotive Limited Q1 FY27

Revenue ₹1,358 cr +52%EBITDA ₹164 cr +33%EBITDA Margin 12% PAT ₹85 cr +29%

What went well

  • Consolidated revenue reached ₹1,358 crore, marking a 52.1% YoY growth, or 25.3% YoY excluding pass-through and wheel assembly reduction.
  • EBITDA stood at ₹164 crore, up 32.7% YoY, despite commodity price volatility.
  • PAT grew 28.8% YoY to ₹85 crore, reflecting strong operational performance.

What to watch

  • EBITDA margin was impacted, standing at 12%, due to abrupt and phenomenal pass-through alloy price increases, though absolute EBITDA remained strong.
  • Geopolitical conflict in West Asia led to volatility in energy, commodity, and currency markets, causing sharp increases in aluminum alloy prices.
Read the full call →

What ASK Automotive Limited does

ASK Automotive Limited is an Indian auto-ancillary manufacturer that designs and supplies powertrain-agnostic safety and precision-engineering components to two-wheeler, three-wheeler, four-wheeler and commercial-vehicle OEMs, as well as the independent aftermarket. It operates through three principal segments: Advanced Braking Systems (brake shoes, disc brake pads, brake panel assemblies), Aluminium Lightweighting Precision Solutions (die-cast aluminium parts for ICE and EV platforms), and Safety Control Cables (brake, throttle, clutch and speedometer cables). The company holds technical collaborations with global players such as NUCAP (Canada), Fras-le (Brazil), AISIN (Japan) and LIOHO (Taiwan), and runs joint ventures including ASK FRAS-LE Frictions and AISIN ASK India. It manufactures out of facilities spread across Haryana, Rajasthan, Uttarakhand, Himachal Pradesh, Gujarat and Karnataka, and exports to customers in multiple countries.

Segments

  • Advanced Braking Systems (ABS)
  • Aluminium Lightweighting Precision Solutions (ALPS)
  • Safety Control Cables (SCC)
  • Wheel Assembly
Market position
~50% market share in India's 2W Advanced Braking Systems segment
Manufacturing facilities
18
Workforce
9,000+
Export countries
14
Global technical collaborations
5 technical collaborations and 3 joint ventures with global players (incl. NUCAP, Fras-le, AISIN, LIOHO, HSH, Kyushu Yanagawa Seiki)
Aftermarket dealer network
450+
Founded 1989Headquarters Gurugram, Haryana, India Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 3 delivered 3 missed 13 open
  • Overall Revenue Growth revised up said Q4 FY26 Promised: continue to grow around mid-teens in FY27 Q1 FY27: Revised guidance upwards from 'mid-teens' to 'high teens' for FY27, citing strong Q1 performance and demand visibility.
  • Overall Revenue Growth delivered said Q4 FY25 Promised: growing in the mid-teens Q4 FY26: Achieved 16.2% consolidated revenue growth for FY26, meeting the 'mid-teens' guidance.
  • EBITDA Margin missed said Q4 FY25 Promised: aiming to achieve 14% EBITDA margins in this coming financial year Q4 FY26: Achieved 13.1% for FY26, below the original 14% and revised 13.4-13.7% guidance, citing a Rs. 5 Cr conscious loss in Q4 due to abrupt aluminum price hikes.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 35.8%, net profit up 13.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue884 814 735 727 827 −6%860 +6%891 +21%987 +36%
EBITDA88 79 72 81 78 −11%89 +13%87 +21%91 +12%
Net profit58 54 47 54 53 −9%61 +13%61 +30%61 +13%
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 +19.5% 1Y

₹400₹500₹600₹700Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 20 May 2026Q1 FY27 — 5 Aug 2026

1Y: ₹522.55 on 10 Sept 2025 → ₹624.55. High ₹678.8 (6 Aug 2026), low ₹380.1 (9 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+15.6%
5 Aug
Q4 FY26
−2.5%
20 May
Q3 FY26
+3.3%
29 Jan
Q2 FY26
−3.6%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 6.3% a year over 2 years, FY24 to FY26. Operating margin held at 10.1%.

Year endingFY24FY25FY26
Revenue₹2.9k Cr₹3.2k Cr₹3.3k Cr
Operating profit₹283 Cr₹322 Cr₹335 Cr
Operating margin9.7%10.0%10.1%
Interest₹15 Cr₹12 Cr₹14 Cr
Depreciation₹56 Cr₹58 Cr₹60 Cr
Net profit₹175 Cr₹213 Cr₹229 Cr
Net margin6.0%6.6%6.9%
Cash from operations₹318 Cr₹240 Cr₹222 Cr
Free cash flow₹263 Cr₹160 Cr₹142 Cr
ROCE28.0%29.0%26.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹41 Cr₹40 Cr₹39 Cr₹39 Cr₹39 Cr₹39 Cr
Reserves₹609 Cr₹626 Cr₹651 Cr₹826 Cr₹1.1k Cr₹1.2k Cr
Borrowings₹54 Cr₹119 Cr₹171 Cr₹75 Cr₹612 Cr₹154 Cr
Other liabilities₹246 Cr₹298 Cr₹293 Cr₹375 Cr₹549 Cr₹428 Cr
Total liabilities₹950 Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹2.3k Cr₹1.8k Cr
Fixed assets₹603 Cr₹663 Cr₹640 Cr₹637 Cr₹1.4k Cr₹693 Cr
Capital work in progress₹10 Cr₹2 Cr₹7 Cr₹1 Cr₹163 Cr₹23 Cr
Investments₹31 Cr₹32 Cr₹44 Cr₹44 Cr₹0 Cr₹59 Cr
Other assets₹306 Cr₹386 Cr₹464 Cr₹635 Cr₹736 Cr₹1.1k Cr
Total assets₹950 Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹2.3k Cr₹1.8k 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

Since Jun 2025, DIIs added +5.97 pp while promoters trimmed −4.00 pp. The shareholder count grew 1% to 79,443.

Promoters
75.0%
FIIs
9.5%
DIIs
11.0%
Public
4.6%

Since Jun 2025

  • DIIs +5.97 pp
  • Promoters −4.00 pp
  • Public −1.24 pp

How it drifted, 11 quarters

Over this window promoters fell from 85.0% to 75.0% — −10.1 pp.

Dec '23Mar '25Jun '26

Ownership split by quarter, oldest first. Dec '23: Promoters 85.0%, FIIs 4.9%, DIIs 3.8%, Public 6.3%.Mar '24: Promoters 85.0%, FIIs 4.5%, DIIs 4.0%, Public 6.5%.Jun '24: Promoters 85.0%, FIIs 4.9%, DIIs 4.2%, Public 5.9%.Sep '24: Promoters 79.0%, FIIs 9.2%, DIIs 4.5%, Public 7.4%.Dec '24: Promoters 79.0%, FIIs 9.9%, DIIs 4.7%, Public 6.5%.Mar '25: Promoters 79.0%, FIIs 9.9%, DIIs 5.0%, Public 6.2%.Jun '25: Promoters 79.0%, FIIs 10.2%, DIIs 5.0%, Public 5.8%.Sep '25: Promoters 79.0%, FIIs 10.3%, DIIs 4.8%, Public 5.9%.Dec '25: Promoters 75.0%, FIIs 9.7%, DIIs 9.1%, Public 6.2%.Mar '26: Promoters 75.0%, FIIs 9.3%, DIIs 10.3%, Public 5.5%.Jun '26: Promoters 75.0%, FIIs 9.5%, DIIs 11.0%, Public 4.6%.

Who was buying across the market this quarter →

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.

The same filing shows 1 holder 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 ASK Automotive Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vijay Rathee 34.97%unchanged
Kuldip Singh Rathee 30.18%unchanged
Prashant Rathee 4.90%unchanged
Aman Rathee 4.90%unchanged
SBI Multicap Fund Mutual fund4.11%unchanged
SBI Life Insurance Co. Ltd Insurer3.06%+0.22 pp
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Global fund house2.33%+0.22 pp
Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund Mutual fund1.67%+0.63 pp
Tata Mutual Fund- Tata Small Cap Fund Mutual fund1.60%unchanged
Abu Dhabi Investment Authority - Monsoon Sovereign1.40%−0.11 pp
Allspring Emerging Markets Equity Fund FPI fund1.30%unchanged
Florida Retirement System - Allspring Global Investments, Llc (Emsc) Sovereign1.04%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.

Mutual funds in ASKAUTOLTD

Filings to Aug 2026

0 new, 1 added, 0 trimmed, 0 sold out — net +2.51 L shares (+3.1%).

Held by funds
₹552 Cr
2 schemes
Biggest holder
SBI MultiCap Fund
₹416 Cr · 1.7% of that fund
SchemeHoldingLast month
SBI MultiCap Fund SBI Mutual Fund₹416 Crheld
SBI Automotive Opportunities Fund SBI Mutual Fund₹135 Cr+2.51 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

1 added, 0 trimmed — net +2.51 L shares (+3.1%)

Funds are sitting on
-6%
vs est. average cost
Held by funds
₹552 Cr
2 schemes · ≈ 3.0% of the company
Biggest holder
SBI MultiCap Fund
₹416 Cr · 1.7% of that fund

Shares held by these funds +1339%

Nov '23 81.09 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹625, this stock must grow earnings at 33% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹246 — downside of 61%.

Growth the price implies
32.9% a year
for 7 years, fading to 4%
It has actually compounded at
14.4% a year
net profit, FY24–FY26 · EPS 14.4%
The gap
0.2 pp
-61% downside if it only repeats history
Price today ₹624.55 Value at the reference growth ₹245.84

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse ASK Automotive Limited

Guides on how to read this kind of business and the numbers that matter.