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Makes braking systems and alloy wheels for two-wheelers, plus safety control cables, in India.
Makes braking systems and alloy wheels for two-wheelers, plus safety control cables, in India.
Supplies two-wheeler makers under long-running supply arrangements, with Hero MotoCorp and Honda among its customers, so volumes track their production plans. Brakes are safety-critical, so each maker must approve a supplier, which tends to keep suppliers in place for years. The company listed in 2023.
Moat: narrow (customer qualification, process know-how). Long-standing braking-system qualification with two-wheeler OEMs, but Endurance and Rane compete in the same space.
Headquarters: Faridabad, India · Founded: 1988 · Employees: 6,367
Size ASK Automotive (ASKAUTOLTD.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.28B, the 523rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹614.90 on 6 Nov 2026.
Performance Over six months the shares gained 35.1%, against -18.8% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 38.7% over the last twelve months (peer median +12.2%); the operating margin is 9.4% (peer median 4.8%).
Valuation It trades at 34.3× forward earnings against a peer median of 16.9× (2nd most expensive of 14).
Capital Return on invested capital runs 5.7 points above its cost of capital (11.0% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹51.4B | ₹41.4B | ₹35.8B | ₹29.9B | ₹25.5B |
| Revenue growth | — | +16% | +20% | +17% | — |
| Gross profit | ₹12.5B | ₹4.98B | ₹4.24B | ₹3.16B | ₹2.48B |
| EBITDA | ₹6.13B | ₹4.98B | ₹4.14B | ₹2.99B | ₹2.38B |
| Net income | ₹3.38B | ₹2.97B | ₹2.48B | ₹1.74B | ₹1.23B |
| Free cash flow | n/a | -₹2.33B | -₹204M | -₹130M | -₹278M |
| Capital expenditure | n/a | ₹4.84B | ₹3.46B | ₹2.85B | ₹1.54B |
| Total debt | ₹7.41B | ₹6.79B | ₹4.12B | ₹3.46B | ₹3.28B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ASK Automotive ASKAUTOLTD.NS | $1.28B | +35% | +39% | 9% | 34.3× | n/a |
| Endurance Technologies ENDURANCE.NS | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% |
| Rane (Madras) RML.NS | $367M | +34% | +42% | 5% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASKAUTOLTD.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | -3.8% | 6th highest of 21 |
| 6-month return | +35.1% | -18.8% | 3rd highest of 20 |
| Distance from 52-week high | -10.6% | -45.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +38.7% | +12.2% | 4th highest of 20 |
| Operating margin | 9.4% | 4.8% | 6th highest of 21 |
| Forward P/E | 34.3× | 16.9× | 2nd most expensive of 14 |
| ROIC minus cost of capital | +5.7 pp | +0.4 pp | 4th highest of 20 |
| EV / EBITDA | 20.9× | 13.9× | 3rd most expensive of 8 |
| Net debt / EBITDA | 1.2× | -0.4× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ASK Automotive ASKAUTOLTD.NS | India | $1.28B | +35% | +39% | 9% | 34.3× | n/a | n/a |
| Varroc Engineering VARROC.NS | India | $1.28B | +40% | +22% | 6% | 31.5× | 29.9% | +15.1% |
| Longhorn Auto 301488.SZ | China | $1.29B | -32% | +34% | 2% | 82.0× | n/a | n/a |
| Zhejiang Shibao 002703.SZ | China | $1.29B | -20% | +16% | 4% | n/a | 41.6% | +26.5% |
| Jiangsu Yunyi Electric 300304.SZ | China | $1.27B | -19% | +14% | 17% | 16.9× | 17.1% | +23.4% |
| Zhejiang Fenglong Electric 002931.SZ | China | $1.30B | -31% | +2% | 0% | n/a | n/a | n/a |
| Hong Leong Asia H22.SI | Singapore | $1.26B | -40% | +17% | 9% | 9.5× | -12.9% | +2.9% |
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% | +2.1% |
| Wuxi Best Precision Machinery 300580.SZ | China | $1.32B | -40% | +12% | 16% | 29.4× | 20.8% | +10.1% |
| Kunshan Huguang Auto Harness 605333.SS | China | $1.32B | -16% | -2% | 2% | 31.8× | n/a | n/a |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | n/a | n/a | n/a |
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 33.3× | 36.9% | n/a |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | n/a | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | n/a | n/a | n/a |
| Jiangsu Bojun Industrial Technology 300926.SZ | China | $1.35B | -31% | +54% | 13% | 9.0× | n/a | n/a |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | n/a | n/a | n/a |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | n/a | n/a | n/a |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 9.0× | -7.1% | +12.3% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 15.5× | n/a | n/a |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |