ASK Automotive Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:23 am

Market Cap	9,278 Cr.
Current Price	471
High / Low	509/240
Stock P/E	41.8
Book Value	46.7
Dividend Yield	0.21 %
ROCE	24.2 %
ROE	23.8 %
Face Value	2.00
PEG Ratio	3.05

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
ASK Automotive Ltd	9,278 Cr.	471	509/240	41.8	46.7	0.21 %	24.2 %	23.8 %	2.00
Industry Average	9,278.00 Cr	471.00		41.80	46.70	0.21%	24.20%	23.80%	2.00

All Competitor Stocks of

Quarterly Result

Month	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	746	637	569	657	794	762	783	862	974
Expenses	665	582	521	593	719	682	700	762	857
Operating Profit	81	55	48	64	74	80	82	101	117
OPM %	11%	9%	8%	10%	9%	11%	11%	12%	12%
Other Income	3	2	3	3	7	12	4	4	3
Interest	3	3	4	4	8	8	8	8	9
Depreciation	15	15	15	15	17	18	19	20	22
Profit before tax	67	39	32	48	57	66	60	76	89
Tax %	27%	25%	29%	27%	28%	24%	20%	25%	25%
Net Profit	49	29	23	35	41	50	48	57	67
EPS in Rs	2.47	1.48	1.14	1.77	2.09	2.53	2.42	2.88	3.41

Last Updated: November 6, 2024, 7:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,785	1,645	1,544	2,013	2,555	2,995	3,200
Expenses	1,559	1,436	1,362	1,847	2,325	2,694	2,863
Operating Profit	226	209	182	166	231	301	338
OPM %	13%	13%	12%	8%	9%	10%	11%
Other Income	12	7	24	11	11	27	28
Interest	20	20	11	8	11	29	33
Depreciation	37	52	52	56	61	69	74
Profit before tax	181	144	143	113	170	230	258
Tax %	33%	18%	26%	27%	28%	24%
Net Profit	114	107	106	83	123	174	196
EPS in Rs	25.58	21.03	5.22	4.11	6.24	8.81	9.92
Dividend Payout %	0%	2%	0%	0%	0%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-6.14%	-0.93%	-21.70%	48.19%	41.46%
Change in YoY Net Profit Growth (%)	0.00%	5.21%	-20.76%	69.89%	-6.73%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	11%
3 Years:	25%
TTM:	27%

Compounded Profit Growth
10 Years:	%
5 Years:	10%
3 Years:	23%
TTM:	74%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	68%

Return on Equity
10 Years:	%
5 Years:	19%
3 Years:	19%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:48 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	9	10	41	40	39	39	39
Reserves	415	509	582	592	604	777	881
Borrowings	307	149	84	175	328	346	400
Other Liabilities	234	206	242	298	310	406	526
Total Liabilities	965	874	948	1,106	1,281	1,568	1,846
Fixed Assets	560	607	603	738	726	992	1,097
CWIP	61	16	10	3	118	64	116
Investments	19	16	3	0	4	20	0
Other Assets	326	235	332	365	433	492	633
Total Assets	965	874	948	1,106	1,281	1,568	1,846

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	176	246	128	144	139	303
Cash from Investing Activity +	-297	-58	-6	-80	-161	-278
Cash from Financing Activity +	119	-186	-107	-81	23	-16
Net Cash Flow	-3	2	15	-17	1	10

Free Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-81.00	60.00	98.00	-9.00	-97.00	-45.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	33	16	37	36	30	26
Inventory Days	31	33	41	33	31	32
Days Payable	39	34	55	47	35	44
Cash Conversion Cycle	26	14	24	22	27	13
Working Capital Days	7	-3	22	17	20	12
ROCE %		23%	20%	16%	20%	24%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	85.00%	85.00%	85.00%	78.95%
FIIs	4.92%	4.48%	4.91%	9.16%
DIIs	3.83%	4.02%	4.20%	4.51%
Public	6.25%	6.51%	5.87%	7.38%
No. of Shareholders	91,238	88,349	76,532	81,907

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Tata Small Cap Fund	2,274,609	1.12	68.48	268,396	2024-12-18	747.48%
ICICI Prudential Transportation and Logistics Fund	531,961	0.61	16.01	268,396	2024-12-18	98.2%
Canara Robeco Small Cap Fund	372,378	0.12	11.21	268,396	2024-12-18	38.74%
Edelweiss Recently Listed IPO Fund	297,442	0.96	8.95	268,396	2024-12-18	10.82%
Nippon India Value Fund	268,396	0.12	8.08	268,396	2024-12-18	0%
Edelweiss Equity Savings Fund	53,186	0.44	1.6	268,396	2024-12-18	-80.18%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23
FaceValue	2.00	2.00
Basic EPS (Rs.)	8.81	6.18
Diluted EPS (Rs.)	8.81	6.18
Cash EPS (Rs.)	11.48	9.61
Book Value[Excl.RevalReserv]/Share (Rs.)	41.43	32.65
Book Value[Incl.RevalReserv]/Share (Rs.)	41.43	32.65
Revenue From Operations / Share (Rs.)	151.90	129.61
PBDIT / Share (Rs.)	15.78	12.56
PBIT / Share (Rs.)	12.28	9.48
PBT / Share (Rs.)	10.83	8.91
Net Profit / Share (Rs.)	7.98	6.54
NP After MI And SOA / Share (Rs.)	8.81	6.24
PBDIT Margin (%)	10.38	9.68
PBIT Margin (%)	8.08	7.31
PBT Margin (%)	7.12	6.87
Net Profit Margin (%)	5.25	5.04
NP After MI And SOA Margin (%)	5.80	4.81
Return on Networth / Equity (%)	21.27	19.09
Return on Capital Employeed (%)	21.18	20.55
Return On Assets (%)	11.07	9.59
Long Term Debt / Equity (X)	0.32	0.32
Total Debt / Equity (X)	0.42	0.49
Asset Turnover Ratio (%)	2.10	0.00
Current Ratio (X)	1.07	1.08
Quick Ratio (X)	0.65	0.66
Inventory Turnover Ratio (X)	12.50	0.00
Interest Coverage Ratio (X)	10.89	22.12
Interest Coverage Ratio (Post Tax) (X)	6.51	12.51
Enterprise Value (Cr.)	5949.02	0.00
EV / Net Operating Revenue (X)	1.99	0.00
EV / EBITDA (X)	19.13	0.00
MarketCap / Net Operating Revenue (X)	1.88	0.00
Price / BV (X)	6.88	0.00
Price / Net Operating Revenue (X)	1.88	0.00
EarningsYield	0.03	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 465.57

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 1.15% compared to the current share price 471.00

Intrinsic Value of as of December 21, 2024 is: 529.36

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 12.39% compared to the current share price 471.00

Last 5 Year EPS CAGR: 13.70%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 17.17%, which is a positive sign. The stock has a low average Working Capital Days of 12.50, which is a positive sign. The company has higher reserves (622.86 cr) compared to borrowings (255.57 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.71 cr) and profit (177.00 cr) over the years.	The stock has a high average Cash Conversion Cycle of 21.00, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 5.25%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 21.18% (Industry Average ROCE: 24.2%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 21.27% (Industry Average ROE: 23.8%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 6.51
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.65
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 41.8 (Industry average Stock P/E: 41.8)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.42
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Auto Ancl - Others

INDUSTRY	ADDRESS	CONTACT
Flat No.104, 929/1, Naiwala, New Delhi Delhi 110005	Mr.	Kuldip%20Singh%20Rathee Chairman%20&%20Managing%20Director

Management
Name	Position Held
Ms. Vijay Rathee	Non Executive Director
Mr. Prashant Rathee	Whole Time Director
Mr. Aman Rathee	Whole Time Director
Mr. Rajesh Kataria	Whole Time Director
Mr. Arun Duggal	Independent Director
Mr. Kumaresh Chandra Misra	Independent Director
Ms. Deepti Sehgal	Independent Director
Mr. Yogesh Kapur	Independent Director
Mr. Vinay Kumar Piparsania	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹465.57, which is 1.15% lower than the current market price of ₹471.00. The stock has a market capitalization of 9,278 Cr. and recorded a high/low of 509/240 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹881 Cr and total liabilities of ₹1,846 Cr.

What is the Market Cap of ?

The Market Cap of is 9,278 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 471.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 509/240.

What is the Stock P/E of ?

The Stock P/E of is 41.8.

What is the Book Value of ?

The Book Value of is 46.7.

What is the Dividend Yield of ?

The Dividend Yield of is 0.21 %.

What is the ROCE of ?

The ROCE of is 24.2 %.

What is the ROE of ?

The ROE of is 23.8 %.

What is the Face Value of ?

The Face Value of is 2.00.