ASK Automotive Limited (ASKAUTOLTD) AI Stock Analysis

ASK Automotive Limited

(NSE:ASKAUTOLTD)

Select Model

Rating:64Neutral

Price Target:INR 607.00▲(6.96% Upside)

Action:reiterated

Date:08/06/26

The score is held back primarily by weak cash flow conversion and negative FY2026 free cash flow despite solid profitability and growth. Technically, the stock shows strong upside momentum (price above key moving averages and positive MACD), but valuation is rich (P/E ~35) with a low dividend yield, limiting upside if growth cools.

Positive Factors

Revenue and earnings growthFY2026 revenue growth accelerated after modest FY2025 growth, while net income continued rising. This combination points to expanding demand and earnings capacity, giving ASK Automotive a stronger base to support OEM production programs and sustain business growth over the coming quarters.

Negative Factors

Weak cash conversionOperating cash flow converting only about 35% of net income indicates that reported profitability is not translating efficiently into cash. Negative free cash flow reduces internal funding capacity, increases reliance on financing, and limits flexibility for sustained investment.

ASK Automotive Limited (ASKAUTOLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 122.85B
Dividend Yield: 0.33%
Average Volume (3M): 49.21K
Price to Earnings (P/E): 35.3
Beta (1Y): 1.05
Revenue Growth: 27.91%
EPS Growth: 23.18%
Country: India
Employees: 1,556
Sector: General
Sector Strength: 55
Industry: Auto - Parts

ASK Automotive Limited Business Overview & Revenue Model

Company Description

Founded in 1988 and headquartered in Gurugram, India, ASK Automotive Limited, operating through its subsidiary, specializes in the manufacturing and distribution of automotive components within the Indian market. The company offers a comprehensive ra...

How the Company Makes Money

ASK Automotive Limited makes money primarily by manufacturing and selling automotive components to vehicle original equipment manufacturers (OEMs). Its main revenue stream is the sale of braking systems and brake-related components supplied for fitme...

ASK Automotive Limited Financial Statement Overview

Summary

Strong revenue and earnings momentum with solid FY2026 operating (~10%) and net (~7%) margins, and a generally manageable balance sheet (FY2026 debt-to-equity ~0.52). However, cash flow quality is a major drag: operating cash flow covered only ~35% of net income in FY2026 and free cash flow turned sharply negative, reducing near-term flexibility and increasing funding reliance.

Income Statement

74Positive

Balance Sheet

71Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	46.43B	41.76B	35.34B	29.57B	25.27B	19.96B
Gross Profit	13.41B	10.80B	9.66B	7.91B	6.48B	5.21B
EBITDA	5.89B	5.53B	4.50B	3.27B	2.42B	1.77B
Net Income	3.16B	2.97B	2.48B	1.74B	1.23B	826.59M
Balance Sheet
Total Assets	0	25.57B	19.24B	15.68B	12.81B	11.06B
Cash, Cash Equivalents and Short-Term Investments	129.00M	129.10M	201.80M	126.53M	23.77M	15.67M
Total Debt	0	6.79B	4.12B	3.46B	3.28B	1.75B
Total Liabilities	-13.11B	12.46B	8.81B	7.52B	6.37B	4.74B
Stockholders Equity	13.11B	13.11B	10.43B	8.17B	6.44B	6.32B
Cash Flow
Free Cash Flow	-1.58B	-2.33B	145.30M	184.50M	-278.06M	533.69M
Operating Cash Flow	1.09B	2.51B	3.60B	3.03B	1.39B	1.44B
Investing Cash Flow	-2.63B	-4.80B	-3.39B	-2.78B	-1.61B	-799.63M
Financing Cash Flow	1.44B	2.22B	-136.20M	-155.45M	232.06M	-814.79M

ASK Automotive Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price567.50

Price Trends

50DMA613.03Negative

100DMA560.97Positive

200DMA498.28Positive

Market Momentum

MACD-13.26Positive

RSI42.00Neutral

STOCH68.53Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASKAUTOLTD, the sentiment is Negative. The current price of 567.50 is below the 20-day moving average (MA) of 586.90, below the 50-day MA of 613.03, and above the 200-day MA of 498.28, indicating a neutral trend. The MACD of -13.26 indicates Positive momentum. The RSI at 42.00 is Neutral, neither overbought nor oversold. The STOCH value of 68.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASKAUTOLTD.

ASK Automotive Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ASKAUTOLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PRICOLLTD	75Outperform	INR 78.49B	29.31	―	0.31%	43.26%	56.35%
IN:VARROC	68Neutral	INR 117.48B	59.30	―	0.20%	14.66%	47.32%
IN:FIEMIND	67Neutral	INR 44.54B	16.94	―	2.37%	17.11%	23.13%
IN:ASKAUTOLTD	64Neutral	INR 111.88B	35.28	―	0.33%	27.91%	23.18%
IN:LUMAXTECH	60Neutral	INR 137.96B	38.01	―	0.27%	32.82%	71.53%
IN:MSUMI	60Neutral	INR 233.30B	36.99	―	1.65%	35.93%	11.75%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:ASKAUTOLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ASKAUTOLTD	ASK Automotive Limited	567.50	88.60	18.50%
IN:FIEMIND	Fiem Industries Limited	1692.10	-385.90	-18.57%
IN:LUMAXTECH	Lumax Auto Technologies Limited	2024.15	873.14	75.86%
IN:MSUMI	Motherson Sumi Wiring India Ltd	35.18	-11.79	-25.10%
IN:PRICOLLTD	Pricol Ltd.	643.95	108.92	20.36%
IN:VARROC	Varroc Engineering Limited	768.90	147.32	23.70%

ASK Automotive Limited Corporate Events

ASK Automotive to Engage Investors at Nuvama Emerging India CEO Forum

Sep 19, 2026

ASK Automotive Limited has announced that its management and officials will participate in the Nuvama Emerging India CEO Forum in Mumbai on September 28, 2026, during business hours. The meeting, organised by Nuvama Institutional Equities at the Gran...

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: Aug 06, 2026

ASK Automotive Limited AI Stock Analysis