- Markets
- Auto & Auto Ancillary
- ASKAUTOLTD
ASKAUTOLTD
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Recent events
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News
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Corporate Actions
India's ASK Automotive hits exchange-allowed upper limit on deal with Japan co
** ASK Automotive ASKA.NS rises 5%, the upper limit of exchange-allowed trading band; set to snap five sessions of losses
** Auto components maker enters into partnership with Japan's Kyushu Yanagawa Seiki to manufacture high pressure diecast alloy wheels for two-wheelers
** ASKA will pay one-time initial royalty, running royalty as per agreement
** More than 211,000 shares traded, near the 30-day moving avg
** YTD, stock down 28.4%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** ASK Automotive ASKA.NS rises 5%, the upper limit of exchange-allowed trading band; set to snap five sessions of losses
** Auto components maker enters into partnership with Japan's Kyushu Yanagawa Seiki to manufacture high pressure diecast alloy wheels for two-wheelers
** ASKA will pay one-time initial royalty, running royalty as per agreement
** More than 211,000 shares traded, near the 30-day moving avg
** YTD, stock down 28.4%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Ask Automotive Enters Agreement With Kyushu Yanagawa Seiki
March 3 (Reuters) - Ask Automotive Ltd ASKA.NS:
ENTERS AGREEMENT WITH KYUSHU YANAGAWA SEIKI
KYUSHU YANAGAWA SEIKI TO PROVIDE TECHNICAL ASSISTANCE TO CO
Source text: ID:nBSE8v9Qz4
Further company coverage: ASKA.NS
(([email protected];;))
March 3 (Reuters) - Ask Automotive Ltd ASKA.NS:
ENTERS AGREEMENT WITH KYUSHU YANAGAWA SEIKI
KYUSHU YANAGAWA SEIKI TO PROVIDE TECHNICAL ASSISTANCE TO CO
Source text: ID:nBSE8v9Qz4
Further company coverage: ASKA.NS
(([email protected];;))
India's ASK Automotive rises after production starts at new facility
** Shares of ASK Automotive ASKA.NS rise as much as 5.5% to 452.35 rupees
** The auto components maker said on Tuesday it has commenced commercial production at its manufacturing facility in Karnataka, which will primarily cater to OEM customers in southern India
** In Feb. last year, ASKA's board approved setting up of this facility with an investment of about 2.19 bln rupees ($25.3 mln)
** If trend holds, stock on track to snap four consecutive sessions of loss
** Stock rose 8.3% in Dec. qtr, its third straight quarterly rise
($1 = 86.4800 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of ASK Automotive ASKA.NS rise as much as 5.5% to 452.35 rupees
** The auto components maker said on Tuesday it has commenced commercial production at its manufacturing facility in Karnataka, which will primarily cater to OEM customers in southern India
** In Feb. last year, ASKA's board approved setting up of this facility with an investment of about 2.19 bln rupees ($25.3 mln)
** If trend holds, stock on track to snap four consecutive sessions of loss
** Stock rose 8.3% in Dec. qtr, its third straight quarterly rise
($1 = 86.4800 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Ask Automotive Says Commencement Of Commercial Production At New Facility In Karnataka By Unit
Jan 14 (Reuters) - Ask Automotive Ltd ASKA.NS:
COMMENCEMENT OF COMMERCIAL PRODUCTION AT NEW FACILITY IN KARNATAKA BY UNIT
Source text: ID:nBSE9k4xtj
Further company coverage: ASKA.NS
(([email protected];;))
Jan 14 (Reuters) - Ask Automotive Ltd ASKA.NS:
COMMENCEMENT OF COMMERCIAL PRODUCTION AT NEW FACILITY IN KARNATAKA BY UNIT
Source text: ID:nBSE9k4xtj
Further company coverage: ASKA.NS
(([email protected];;))
Ask Automotive Sept-Quarter Consol PAT 672.8 Mln Rupees
Oct 29 (Reuters) - Ask Automotive Ltd ASKA.NS:
SEPT-QUARTER CONSOL PAT 672.8 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.74 BILLION RUPEES
Source text: [ID:]
Further company coverage: ASKA.NS
(([email protected];;))
Oct 29 (Reuters) - Ask Automotive Ltd ASKA.NS:
SEPT-QUARTER CONSOL PAT 672.8 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.74 BILLION RUPEES
Source text: [ID:]
Further company coverage: ASKA.NS
(([email protected];;))
ASK Automotive To Exercise Oversubscription Option Up To 0.55% For Offer For Sale By Promoter - Filing
Sept 26 (Reuters) - Ask Automotive Ltd ASKA.NS:
ASK AUTOMOTIVE TO EXERCISE OVERSUBSCRIPTION OPTION UP TO 0.55% FOR OFFER FOR SALE BY PROMOTER - FILING-
Source text for Eikon: ID:nBSEqxZz0
Further company coverage: ASKA.NS
(([email protected];;))
Sept 26 (Reuters) - Ask Automotive Ltd ASKA.NS:
ASK AUTOMOTIVE TO EXERCISE OVERSUBSCRIPTION OPTION UP TO 0.55% FOR OFFER FOR SALE BY PROMOTER - FILING-
Source text for Eikon: ID:nBSEqxZz0
Further company coverage: ASKA.NS
(([email protected];;))
Kuldip Rathee Proposes To Sell Up To 6.05% Stake In Ask Automotive - Filing
Sept 25 (Reuters) - Ask Automotive Ltd ASKA.NS:
KULDIP RATHEE PROPOSES TO SELL UP TO 6.05% STAKE IN ASK AUTOMOTIVE AT FLOOR PRICE 433 RUPEES-FILING
Source text for Eikon: [ID:]
Further company coverage: ASKA.NS
(([email protected];))
Sept 25 (Reuters) - Ask Automotive Ltd ASKA.NS:
KULDIP RATHEE PROPOSES TO SELL UP TO 6.05% STAKE IN ASK AUTOMOTIVE AT FLOOR PRICE 433 RUPEES-FILING
Source text for Eikon: [ID:]
Further company coverage: ASKA.NS
(([email protected];))
Ask Automotive Grants Approval For Entering Into Joint Venture With Aisin Group Companies
April 24 (Reuters) - Ask Automotive Ltd ASKA.NS:
GRANTED APPROVAL FOR ENTERING INTO JOINT VENTURE WITH AISIN GROUP COMPANIES
JOINT VENTURE FOR MARKETING, SELLING OF INDEPENDENT AFTER MARKET PARTS FOR PASSENGER CARS
COMPANY SHALL OWN 51% OF SHAREHOLDING IN JV CO
CO TO INFUSE FUNDS UP TO 107.1 MILLION RUPEES
REMAINING 49% SHALL BE OWNED BY AISIN GROUP COMPANIES
Source text for Eikon: ID:nNSE1VtTc6
Further company coverage: ASKA.NS
(([email protected];))
April 24 (Reuters) - Ask Automotive Ltd ASKA.NS:
GRANTED APPROVAL FOR ENTERING INTO JOINT VENTURE WITH AISIN GROUP COMPANIES
JOINT VENTURE FOR MARKETING, SELLING OF INDEPENDENT AFTER MARKET PARTS FOR PASSENGER CARS
COMPANY SHALL OWN 51% OF SHAREHOLDING IN JV CO
CO TO INFUSE FUNDS UP TO 107.1 MILLION RUPEES
REMAINING 49% SHALL BE OWNED BY AISIN GROUP COMPANIES
Source text for Eikon: ID:nNSE1VtTc6
Further company coverage: ASKA.NS
(([email protected];))
Ask Automotive Says Entered Into Technical Assistance Agreement With Lioho Machine Work
Feb 7 (Reuters) - Ask Automotive Ltd ASKA.NS:
ASK AUTOMOTIVE LTD - CO ENTERED INTO TECHNICAL ASSISTANCE AGREEMENT WITH LIOHO MACHINE WORK
Source text for Eikon: [ID:]
Further company coverage: ASKA.NS
(([email protected];))
Feb 7 (Reuters) - Ask Automotive Ltd ASKA.NS:
ASK AUTOMOTIVE LTD - CO ENTERED INTO TECHNICAL ASSISTANCE AGREEMENT WITH LIOHO MACHINE WORK
Source text for Eikon: [ID:]
Further company coverage: ASKA.NS
(([email protected];))
India's ASK Automotive rises on upbeat third-quarter earnings
** Shares of two-wheeler components maker ASK Automotive ASKA.NS rise as much as 7.9% to 331 rupees, hovering near a record high scaled on Friday
** Co reported a ~71% rise in Q3 consol PAT, rev from ops grew ~20%
** Stock has lost 2.3% since its debut on Nov 15
** Including session's trade, co has climbed 4.5% in two days
** Over 1.5 mln shares traded, 3.2 times the 30-day avg
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of two-wheeler components maker ASK Automotive ASKA.NS rise as much as 7.9% to 331 rupees, hovering near a record high scaled on Friday
** Co reported a ~71% rise in Q3 consol PAT, rev from ops grew ~20%
** Stock has lost 2.3% since its debut on Nov 15
** Including session's trade, co has climbed 4.5% in two days
** Over 1.5 mln shares traded, 3.2 times the 30-day avg
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's 2-wheeler part maker ASK Automotive jumps 12% in debut trade
** Shares of two-wheeler components maker ASK Automotive ASKA.NS up as much as 11.5% at 314.5 rupees in trading debut vs IPO price of 282 rupees
** ASKA, which makes safety controls, above IPO price so far in session
** More than 16 mln shares traded as of 12:07 a.m. IST
** IPO oversubscribed 51.1x; co's promoters or large shareholders who can influence company policy sold shares worth up to 8.34 bln rupees ($100.34 mln)
** Axis Capital, ICICI Securities among book running lead managers
($1 = 83.1150 Indian rupees)
(Reporting by Rama Venkat in Bengaluru)
** Shares of two-wheeler components maker ASK Automotive ASKA.NS up as much as 11.5% at 314.5 rupees in trading debut vs IPO price of 282 rupees
** ASKA, which makes safety controls, above IPO price so far in session
** More than 16 mln shares traded as of 12:07 a.m. IST
** IPO oversubscribed 51.1x; co's promoters or large shareholders who can influence company policy sold shares worth up to 8.34 bln rupees ($100.34 mln)
** Axis Capital, ICICI Securities among book running lead managers
($1 = 83.1150 Indian rupees)
(Reporting by Rama Venkat in Bengaluru)
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Popular questions
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What does ASK Automotive do?
ASK Automotive Limited is India's leading manufacturer of brake-shoe and advanced braking systems for two-wheelers. With over three decades of experience, they provide safety systems and engineering solutions for electric vehicle and internal combustion engine OEMs.
Who are the competitors of ASK Automotive?
ASK Automotive major competitors are Gabriel India, Sansera Engineering, Varroc Engineering, Craftsman Automation, Pricol, Suprajit Engineering, Banco Products (I). Market Cap of ASK Automotive is ₹8,682 Crs. While the median market cap of its peers are ₹6,904 Crs.
Is ASK Automotive financially stable compared to its competitors?
ASK Automotive seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does ASK Automotive pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. ASK Automotive latest dividend payout ratio is 11.35% and 3yr average dividend payout ratio is 11.35%
How has ASK Automotive allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is ASK Automotive balance sheet?
Balance sheet of ASK Automotive is strong. But short term working capital might become an issue for this company.
Is the profitablity of ASK Automotive improving?
Yes, profit is increasing. The profit of ASK Automotive is ₹233 Crs for TTM, ₹174 Crs for Mar 2024 and ₹123 Crs for Mar 2023.
Is the debt of ASK Automotive increasing or decreasing?
Yes, The debt of ASK Automotive is increasing. Latest debt of ASK Automotive is ₹380 Crs as of Sep-24. This is greater than Mar-24 when it was ₹320 Crs.
Is ASK Automotive stock expensive?
ASK Automotive is not expensive. Latest PE of ASK Automotive is 36.52, while 3 year average PE is 42.48. Also latest EV/EBITDA of ASK Automotive is 22.08 while 3yr average is 23.8.
Has the share price of ASK Automotive grown faster than its competition?
ASK Automotive has given better returns compared to its competitors. ASK Automotive has grown at ~35.81% over the last 1yrs while peers have grown at a median rate of 10.03%
Is the promoter bullish about ASK Automotive?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in ASK Automotive is 78.95% and last quarter promoter holding is 78.95%.
Are mutual funds buying/selling ASK Automotive?
The mutual fund holding of ASK Automotive is increasing. The current mutual fund holding in ASK Automotive is 2.16% while previous quarter holding is 2.0%.