Automotive Stampings & Assemblies Ltd. (ASAL) AI Stock Analysis

Automotive Stampings & Assemblies Ltd.

(NSE:ASAL)

Select Model

Rating:61Neutral

Price Target:INR 478.00▲(8.54% Upside)

Action:reiterated

Date:10/27/26

The score is primarily supported by improving revenue, profitability, and cash generation. High leverage and a historically weak equity base are the largest risks, while technical momentum is mixed and valuation is only moderate.

Positive Factors

Improving Revenue and ProfitabilityThe recovery in revenue and net income indicates stronger operating performance and improving demand conversion. If sustained, this growth can support reinvestment, strengthen the company’s position in automotive component supply, and improve its ability to absorb normal industry volatility.

Negative Factors

High Leverage and Prior Negative EquityHigh debt and the history of negative equity indicate a stretched capital structure that can constrain strategic flexibility. Even after the FY2026 equity recovery, borrowings may limit the funds available for expansion and leave the company more exposed to weaker operating periods.

Automotive Stampings & Assemblies Ltd. (ASAL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 8.31B
Dividend Yield: ―
Average Volume (3M): 1,867
Price to Earnings (P/E): 19.6
Beta (1Y): 1.35
Revenue Growth: 42.10%
EPS Growth: 129.96%
Country: India
Employees: 565
Sector: General
Sector Strength: 55
Industry: Auto - Parts

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 ra...

How the Company Makes Money

ASAL makes money primarily by manufacturing and selling automotive sheet-metal stampings and welded/assembled components to customers in the automotive supply chain (e.g., vehicle manufacturers and/or tier-1 suppliers). Revenue is generated through p...

Automotive Stampings & Assemblies Ltd. Financial Statement Overview

Summary

Revenue growth, margin expansion, positive earnings, and improving free cash flow support the score. However, high debt, a thin equity base, and historical losses limit financial strength.

Income Statement

72Positive

Balance Sheet

45Neutral

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	10.96B	8.91B	7.75B	8.80B	8.28B	6.08B
Gross Profit	2.63B	2.52B	2.06B	1.89B	1.62B	1.12B
EBITDA	712.42M	590.75M	483.64M	498.03M	348.51M	781.28M
Net Income	354.96M	276.77M	167.79M	201.70M	83.25M	523.11M
Balance Sheet
Total Assets	3.77B	3.35B	2.94B	2.85B	2.26B	1.81B
Cash, Cash Equivalents and Short-Term Investments	80.42M	189.77M	44.03M	18.80M	29.14M	35.71M
Total Debt	1.06B	1.24B	1.49B	1.05B	826.69M	819.44M
Total Liabilities	3.27B	2.99B	2.86B	2.92B	2.53B	2.17B
Stockholders Equity	507.56M	361.61M	87.36M	-73.70M	-273.42M	-357.14M
Cash Flow
Free Cash Flow	0	518.58M	-232.61M	184.80M	102.80M	259.79M
Operating Cash Flow	0	589.75M	-67.19M	311.23M	249.65M	438.24M
Investing Cash Flow	0	-57.42M	-154.97M	-124.19M	-136.26M	912.41M
Financing Cash Flow	0	-386.59M	247.39M	-197.38M	-119.95M	-1.32B

Automotive Stampings & Assemblies Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price440.40

Price Trends

50DMA449.25Negative

100DMA480.74Negative

200DMA472.18Negative

Market Momentum

MACD-1.22Negative

RSI52.76Neutral

STOCH61.64Neutral

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 440.40 is above the 20-day moving average (MA) of 423.12, below the 50-day MA of 449.25, and below the 200-day MA of 472.18, indicating a neutral trend. The MACD of -1.22 indicates Negative momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 61.64 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ASAL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:OMAXAUTO	71Outperform	INR 4.27B	10.56	―	2.50%	47.95%	378.75%
IN:AUTOIND	66Neutral	INR 3.19B	7.97	―	―	42.21%	178.69%
IN:PPAP	61Neutral	INR 2.93B	6.33	―	1.20%	10.74%	899.70%
IN:ASAL	61Neutral	INR 6.99B	19.57	―	―	42.10%	129.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RICOAUTO	53Neutral	INR 13.42B	43.84	―	0.56%	21.35%	-4.52%
IN:MUNJALSHOW	48Neutral	INR 4.87B	19.54	―	3.69%	12.33%	-1.65%

* General Sector Average

Performance Comparison

IN:ASAL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ASAL	Automotive Stampings & Assemblies Ltd.	440.40	-98.75	-18.32%
IN:AUTOIND	Autoline Industries Limited	70.34	-0.20	-0.28%
IN:MUNJALSHOW	Munjal Showa Limited	121.80	-4.14	-3.29%
IN:OMAXAUTO	Omax Autos Limited	199.85	102.26	104.78%
IN:PPAP	PPAP Automotive Limited	207.30	-52.55	-20.22%
IN:RICOAUTO	Rico Auto Industries Limited	99.20	15.25	18.16%

Automotive Stampings & Assemblies Ltd. Corporate Events

Automotive Stampings & Assemblies urges physical shareholders to update KYC details

Sep 8, 2026

Automotive Stampings & Assemblies Ltd. has asked shareholders holding physical share certificates to submit their KYC details, in line with updated Securities and Exchange Board of India requirements. The move is being executed through its regist...

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.

Date of analysis: Oct 27, 2026

Automotive Stampings & Assemblies Ltd. AI Stock Analysis