Manufactures auto components for India's two-wheeler industry across three product segments — advanced braking systems, aluminium light-weighting precision solutions (ALPS), and safety control cables. All three segments outgrew the 2W industry's 11.8% production growth in FY26, with ALPS up 30%, braking up 17%, and cables up 14%. Customers are two-wheeler OEMs and the independent aftermarket, the latter growing 24.7% in FY26 after the GST rate cut from 28% to 18%. New product ramps include alloy wheels at the Karoli plant (currently at 65% utilisation, supplying a Japanese customer from H2 FY27), sunroof components and a cable joint venture, while the low-margin wheel assembly business has been wound down to nil from April 2026. FY26 consolidated revenue was Rs. 4,176 crore with EBITDA of Rs. 551 crore at a 13.1% margin. Materials — particularly aluminium — are the dominant input at 67.2% of revenue; an aluminium price spike in March 2026 shaved 80 bps off Q4 margin and was passed through via price hikes from April onwards. The company is investing in captive solar (9.9 MW operational in Sirsa, 11.55 MW due in Bikaner in Q2 FY27) with Rs. 400 crore of FY27 capex earmarked for new capacity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Advanced braking systems, Aluminium light-weighting precision solutions (ALPS), Safety control cables, Independent aftermarket, Alloy wheels (new ramp). Auto components supplier tied to the two-wheeler production cycle, with an expanding aftermarket leg.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,995 | 3,601 | 4,176 |
| EBITDA (ex other income) | 301 | 432 | 531 |
| margin % | 10.0 | 12.0 | 12.7 |
| Owners' profit | 174 | 0 | 0 |
| EPS, as reported (₹) | 8.81 | 12.56 | 15.08 |
| ROE % · ROCE % | 21.3 · 21.2 | 23.7 · 24.7 | 22.7 · 23.7 |
| Debt / equity (x) | 0.42 | 0.38 | 0.50 |
| Cash from operations | 303 | 360 | 301 |
| Capex | (285) | (346) | (484) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 974 | 915 | 850 | 891 | 1,054 | 1,084 | 1,147 | 1,358 |
| Profit before tax | 88 | 85 | 73 | 87 | 102 | 105 | 96 | 115 |
| Net profit | 67 | 66 | 58 | 66 | 80 | 80 | 72 | 85 |
| EPS (₹) | 3.41 | 3.34 | 2.92 | 3.35 | 4.05 | 4.05 | 3.63 | 4.32 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · ASK Automotive ESG rating upgraded to 69.0 by SES | business updates | medium | — | — |
| 5 Sept 2026 · ASK Automotive JV begins commercial production of control cables in Rajasthan | business updates | medium | — | — |
| 10 Aug 2026 · ASK Auto Q1 FY27: Record Revenue, EBITDA, PAT; Ups FY27 Guidance to High-Teens | investor communications | medium | — | — |
| 7 Aug 2026 · 38th AGM Voting Results: All 5 Resolutions Passed | board shareholder meetings | low | — | — |
| 7 Aug 2026 · 38th AGM held on Aug 7, 2026 - five resolutions tabled | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Audio recording of Q1 FY27 investors/analysts call shared | investor communications | low | — | — |
| 5 Aug 2026 · ASK Automotive files newspaper ad for Q1 FY27 results | compliance | minimal | — | — |
| 5 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 4 Aug 2026 · ASK Automotive Q1 FY27 Results: Revenue up 52%, PAT hits record Rs 85 Cr | compliance | low | — | — |
| 4 Aug 2026 · ASK Automotive Q1 FY27 Investor Presentation: Highest Ever Revenue, EBITDA, PAT | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 38.9 | 26.7 | 88 of 123 | 29% |
| P/B | 9.4 | 3.5 | 106 of 116 | 9% |
| ROCE | 21.1 | 12.6 | 23 of 125 | 82% |
| ROE | 22.7 | 11.6 | 12 of 119 | 91% |
| Debt / Equity | 0.5 | 0.3 | 79 of 119 | 34% |
| EBITDA margin | 12.0 | 12.2 | 61 of 118 | 49% |
| Revenue growth | 52.4 | 20.2 | 5 of 113 | 96% |
| Profit growth | 28.8 | 24.4 | 53 of 115 | 54% |
| Market cap | 12322 | 1542 | 28 of 125 | 78% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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