Brief information of ASK Automotive Ltd
It was incorporated in 1988, ASK Automotive Limited is a manufacture of Advance Braking Systems for two-wheeler in India. ASK Automotive is the largest manufacture of brake-shoe and advanced braking. The company had a market share of 50 % in financial year 2024 in terms of production volume for OEMs and the branded independent aftermarket.
Manufacturing facilities in India…
Company has 17 manufacturing units across India and 18th unit is upcoming in Bengaluru with an investment of 2 billion, expected to be operational by quarter 4 in financial year 2025.
This is the leadership in different segments…
The Company focuses on EV agnostic products, including lightweight and thermal management solutions, to meet the rising demand from 2 wheeler & 4 wheeler EV OEMs. With increased aluminum content (30-50%) in EVs, company is targeting a 227% CAGR in EV revenue.
Why choose to ASK Automotive Ltd than Other
The Company is a market leader in brake shoe and advanced braking systems for two wheelers in India. It had a market share of 50% in financial year.
Main Body of ASK Automotive
- Market Capital – 8449 CR.
- Listing date – 15th Nov, 2024
- Promoters Holding – 78.95 %
- FIIs – 9.90 %
- DIIs/Mutual Funds – 2.0 %
- Public/Retail investors – 6.48 %
- Others – 2.66 %
These data is reported according to Dec. 2024.
Auto Ancillaries is the main holding of ASK Automotive Ltd.
- Net Profit is increasing regularly according to annually reports like 2020 – (117.80 cr), 2021- (106.20 cr), 2022 – (82.66 cr), 2023 – (122.95 cr) & 2024 – (173.77 cr)
- Revenue is also increasing regular according to annually results.
- Company has no more liabilities then Assets. It means ASK Automotive’s Assets is strong from liabilities.
- Cash flow also good that presents good performance of the company.
At the end of line, we suggest ASK Automotive is best stock for investment for short & Long time both.
Note : We suggest you best from our research but we are not any responsible for any loss and profits so please read market scenarios.