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Automotive Stampings & Assemblies Ltd.
(ASAL)
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Rating:52Neutral
Price Target:
₹514.00
▲(5.31% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by improving financial performance and strong FY2026 cash flow, offset by ongoing balance-sheet fragility from prior negative equity and leverage. Technical indicators are neutral-to-weak (negative MACD and price below short-term averages), while valuation (P/E 26.61) does not provide a clear margin of safety given the company’s risk profile.
Positive Factors
Revenue and Profit Recovery
Sustained revenue growth and materially higher net income in FY2026 reflect improving commercial traction with OEMs and better capacity utilisation. Over the next 2–6 months this trend supports predictable order flow, stable production schedules, and margin recovery as fixed costs are absorbed.
Negative Factors
Historic Balance-Sheet Fragility
A multi-year history of negative equity and elevated borrowings leaves structural leverage risk. Even with recent recovery, past weakness limits financial flexibility, raises refinancing and covenant breach risk, and constrains strategic choices like large capex or M&A over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Recovery
Sustained revenue growth and materially higher net income in FY2026 reflect improving commercial traction with OEMs and better capacity utilisation. Over the next 2–6 months this trend supports predictable order flow, stable production schedules, and margin recovery as fixed costs are absorbed.
Read all positive factors
Automotive Stampings & Assemblies Ltd. (ASAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.39B
Dividend Yield260.19%
Average Volume (3M)2.15K
Price to Earnings (P/E)24.9
Beta (1Y)1.15
Revenue Growth28.34%
EPS Growth94.62%
CountryIN
Employees565
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)18.80
Shares Outstanding15,864,397
10 Day Avg. Volume2,313
30 Day Avg. Volume2,150
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)17.88
Price to Sales (P/S)0.73
P/FCF Ratio12.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Automotive Stampings & Assemblies Ltd. Business Overview & Revenue Model
Company Description
Automotive Stampings and Assemblies Limited (ASAL), a Pune, India-based company founded in 1990, operates as a subsidiary of Tata AutoComp Systems Limited. ASAL specializes in the design, development, manufacturing, and assembly of a comprehensive...
How the Company Makes Money
ASAL primarily makes money by manufacturing and supplying automotive sheet-metal stampings and welded/assembled components to vehicle OEM customers under supply contracts or purchase orders. Revenue is generated from (1) sale of stamped metal part...
Automotive Stampings & Assemblies Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.71B | 8.91B | 7.75B | 8.80B | 8.28B | 6.08B |
| Gross Profit | 2.55B | 2.52B | 2.06B | 1.89B | 1.62B | 1.12B |
| EBITDA | 624.86M | 590.75M | 483.64M | 498.03M | 348.51M | 781.28M |
| Net Income | 298.25M | 276.77M | 167.79M | 201.70M | 83.25M | 523.11M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.35B | 2.94B | 2.85B | 2.26B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 189.77M | 189.77M | 44.03M | 18.80M | 29.14M | 35.71M |
| Total Debt | 0.00 | 1.24B | 1.49B | 1.05B | 826.69M | 819.44M |
| Total Liabilities | -361.61M | 2.99B | 2.86B | 2.92B | 2.53B | 2.17B |
| Stockholders Equity | 361.61M | 361.61M | 87.36M | -73.70M | -273.42M | -357.14M |
Cash Flow | ||||||
| Free Cash Flow | 399.68M | 518.58M | -232.61M | 184.80M | 102.80M | 259.79M |
| Operating Cash Flow | 441.43M | 589.75M | -67.19M | 311.23M | 249.65M | 438.24M |
| Investing Cash Flow | -40.98M | -57.42M | -154.97M | -124.19M | -136.26M | 912.41M |
| Financing Cash Flow | -428.78M | -386.59M | 247.39M | -197.38M | -119.95M | -1.32B |
Automotive Stampings & Assemblies Ltd. Technical Analysis
Negative
488.10
Price Trends
503.82
Negative
505.24
Negative
482.78
Negative
Market Momentum
-10.14
Positive
36.30
Neutral
11.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAL, the sentiment is Negative. The current price of 488.1 is above the 20-day moving average (MA) of 487.34, below the 50-day MA of 503.82, and above the 200-day MA of 482.78, indicating a bearish trend. The MACD of -10.14 indicates Positive momentum. The RSI at 36.30 is Neutral, neither overbought nor oversold. The STOCH value of 11.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASAL.
Automotive Stampings & Assemblies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹3.53B | 7.45 | ― | 1.03% | 10.74% | 899.70% | |
62 Neutral | ₹3.61B | 9.28 | ― | 2.83% | 31.75% | 55.55% | |
61 Neutral | ₹17.90B | 57.20 | ― | 0.42% | 21.35% | -4.52% | |
57 Neutral | ₹5.15B | 20.64 | ― | 3.49% | 12.33% | -1.65% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹3.95B | 9.81 | ― | 1.39% | 42.21% | 178.69% | |
52 Neutral | ₹7.39B | 24.91 | ― | 260.19% | 28.34% | 94.62% |
* General Sector Average
IN:ASAL
Automotive Stampings & Assemblies Ltd.
467.05
-17.30
-3.57%
IN:AUTOIND
Autoline Industries Limited
85.90
10.84
14.44%
IN:MUNJALSHOW
Munjal Showa Limited
128.95
-7.41
-5.43%
IN:OMAXAUTO
Omax Autos Limited
176.10
35.84
25.55%
IN:PPAP
PPAP Automotive Limited
245.30
38.12
18.40%
IN:RICOAUTO
Rico Auto Industries Limited
130.45
28.98
28.56%
Automotive Stampings & Assemblies Ltd. Corporate Events
ASAL Sets July 30 Digital AGM, Enhances Access to FY 2026 Annual Report
Jul 9, 2026
Automotive Stampings and Assemblies Ltd. has announced that its 36th Annual General Meeting will be held on 30 July 2026 at 11:00 a.m. IST via video conferencing and other audio-visual means, reflecting the continued use of digital platforms for s...
Automotive Stampings & Assemblies Sets July 30, 2026 Virtual AGM With NSDL E-Voting
Jul 6, 2026
Automotive Stampings and Assemblies Limited has scheduled its 36th Annual General Meeting for July 30, 2026, at 11:00 a.m. IST, to be conducted via video conferencing and other audio-visual means, with the notice and annual report for FY 2025-26 t...
ASAL Calls July 30 Virtual AGM, Sets Audit and Board Resolutions
Jul 6, 2026
Automotive Stampings and Assemblies Limited has issued the notice for its Thirty-Sixth Annual General Meeting, to be held on July 30, 2026 via video conferencing and other audio-visual means, and has circulated the annual report for the financial ...
Automotive Stampings & Assemblies Shuts Trading Window Ahead of Q1 FY27 Results
Jun 23, 2026
Automotive Stampings and Assemblies Limited has announced that its trading window for dealing in the company’s securities will be closed from June 24, 2026, in line with its code of conduct and SEBI regulations on insider trading. The blacko...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.