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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 544022 | NSE: ASKAUTOLTD

Fundamental Analysis of ASK Automotive Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:24 am

Market Cap 6,279 Cr.
Current Price 318
High / Low335/240
Stock P/E51.2
Book Value 36.5
Dividend Yield0.00 %
ROCE20.3 %
ROE19.2 %
Face Value 2.00

Data Source: screener.in

Competitors of ASK Automotive Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthSep 2022Dec 2022Jun 2023Sep 2023Dec 2023
Sales746637657794762
Expenses665582593719682
Operating Profit8155647480
OPM %11%9%10%9%11%
Other Income323712
Interest33488
Depreciation1515151718
Profit before tax6739485766
Tax %27%25%27%28%24%
Net Profit4929354150
EPS in Rs2.471.481.772.092.53

Last Updated: April 10, 2024, 6:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:43 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales1,7851,6451,5442,0132,555
Expenses1,5591,4361,3621,8472,325
Operating Profit226209182166231
OPM %13%13%12%8%9%
Other Income127241111
Interest202011811
Depreciation3752525661
Profit before tax181144143113170
Tax %33%18%26%27%28%
Net Profit11410710683123
EPS in Rs25.5821.035.224.116.24
Dividend Payout %0%2%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-6.14%-0.93%-21.70%48.19%
Change in YoY Net Profit Growth (%)0.00%5.21%-20.76%69.89%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:16%
TTM:27%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:5%
TTM:48%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:16%
Last Year:19%

Last Updated: April 16, 2024, 6:22 pm

Balance Sheet

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital91041403939
Reserves415509582592604680
Borrowings30714984175328438
Other Liabilities234206242298310429
Total Liabilities9658749481,1061,2811,587
Fixed Assets560607603738726888
CWIP6116103118108
Investments19163040
Other Assets326235332365433591
Total Assets9658749481,1061,2811,587

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 176246128144139
Cash from Investing Activity -297-58-6-80-161
Cash from Financing Activity 119-186-107-8123
Net Cash Flow-3215-171

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-81.0060.0098.00-9.00-97.00

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

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3316373630
Inventory Days3133413331
Days Payable3934554735
Cash Conversion Cycle2614242227
Working Capital Days7-3221720
ROCE %23%20%16%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2023
Promoters85.00%
FIIs4.92%
DIIs3.83%
Public6.25%
No. of Shareholders91,238

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Tata Small Cap Fund2,274,6091.1268.48
ICICI Prudential Transportation and Logistics Fund531,9610.6116.01
Canara Robeco Small Cap Fund372,3780.1211.21
Edelweiss Recently Listed IPO Fund297,4420.968.95
Nippon India Value Fund268,3960.128.08
Edelweiss Equity Savings Fund53,1860.441.6

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23
FaceValue2.00
Basic EPS (Rs.)6.83
Diluted EPS (Rs.)6.83
Cash EPS (Rs.)9.93
Book Value[Excl.RevalReserv]/Share (Rs.)35.04
Book Value[Incl.RevalReserv]/Share (Rs.)35.04
Revenue From Operations / Share (Rs.)129.62
PBDIT / Share (Rs.)12.86
PBIT / Share (Rs.)9.82
PBT / Share (Rs.)9.27
Net Profit / Share (Rs.)6.90
PBDIT Margin (%)9.91
PBIT Margin (%)7.57
PBT Margin (%)7.15
Net Profit Margin (%)5.32
Return on Networth / Equity (%)19.68
Return on Capital Employeed (%)23.95
Return On Assets (%)11.78
Long Term Debt / Equity (X)0.09
Total Debt / Equity (X)0.23
Asset Turnover Ratio (%)2.32
Current Ratio (X)1.12
Quick Ratio (X)0.67
Inventory Turnover Ratio (X)12.96
Interest Coverage Ratio (X)23.35
Interest Coverage Ratio (Post Tax) (X)13.53

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 365.99

The stock is undervalued by 15.09% compared to the current price ₹318

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.80%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 12.60, which is a positive sign.
  3. The company has higher reserves (563.67 cr) compared to borrowings (246.83 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (1.40 cr) and profit (150.20 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 22.60, which may not be favorable.

Stock Analysis

  • 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 ASK Automotive Ltd:
    1. Net Profit Margin: 5.32%
      • 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: 23.95% (Industry Average ROCE: 0%)
      • 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%: 19.68% (Industry Average ROE: 0%)
      • 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): 13.53
      • 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: 0.67
      • 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: 51.2 (Industry average Stock P/E: 0)
      • 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: 0.23
      • 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

Auto Ancl - Others
INDUSTRYADDRESSCONTACT
Flat No.104, 929/1, Naiwala, New Delhi Delhi 110005Mr.Kuldip%20Singh%20Rathee
Chairman%20&%20Managing%20Director
Management
NamePosition Held
Ms. Vijay RatheeNon Executive Director
Mr. Prashant RatheeWhole Time Director
Mr. Aman RatheeWhole Time Director
Mr. Rajesh KatariaWhole Time Director
Mr. Arun DuggalIndependent Director
Mr. Kumaresh Chandra MisraIndependent Director
Ms. Deepti SehgalIndependent Director
Mr. Yogesh KapurIndependent Director
Mr. Vinay Kumar PiparsaniaIndependent Director

ASK Automotive Ltd. Share Price Update

Share PriceValue
Today₹317.00
Previous Day₹324.15

FAQ

What is the latest fair value of ASK Automotive Ltd?

The latest fair value of ASK Automotive Ltd is ₹365.99.

What is the Market Cap of ASK Automotive Ltd?

The Market Cap of ASK Automotive Ltd is 6,279 Cr..

What is the current Stock Price of ASK Automotive Ltd as on 23 April 2024?

The current stock price of ASK Automotive Ltd as on 23 April 2024 is 318.

What is the High / Low of ASK Automotive Ltd stocks in FY 2024?

In FY 2024, the High / Low of ASK Automotive Ltd stocks is ₹335/240.

What is the Stock P/E of ASK Automotive Ltd?

The Stock P/E of ASK Automotive Ltd is 51.2.

What is the Book Value of ASK Automotive Ltd?

The Book Value of ASK Automotive Ltd is 36.5.

What is the Dividend Yield of ASK Automotive Ltd?

The Dividend Yield of ASK Automotive Ltd is 0.00 %.

What is the ROCE of ASK Automotive Ltd?

The ROCE of ASK Automotive Ltd is 20.3 %.

What is the ROE of ASK Automotive Ltd?

The ROE of ASK Automotive Ltd is 19.2 %.

What is the Face Value of ASK Automotive Ltd?

The Face Value of ASK Automotive Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ASK Automotive Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE