ASK Automotive share price today

ASK Automotive Ltd's share price was ₹614.90 at the close on 6 November 2026. It has been rising for 15 weeks. That is 15.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹392 and ₹656, and at that close it sat 84% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today ASK Automotive Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 3 years the share price moved +98% while the NIFTY 500 moved +24%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), profit up on a year earlier for 11 quarters in a row (every quarter we can compare) and indian funds and insurers (DIIs) raised their stake for 4 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹1,358 crore, +52.4% on a year earlier.

   Why: Revenue rose because all three product lines sold more, led by ALPS and ABS, and because higher alloy prices were passed on to customers, which lifts reported sales.

   Next results: check whether sales after alloy price effects keep beating two-wheeler production in the September quarter.

   From the earnings call on 5 Aug 2026.

2. Profit up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter profit was ₹85 crore, +28.8% on a year earlier.

   Why: Profit rose because all three product lines sold more, led by ALPS and ABS, and because the company recovered higher alloy costs from customers and locked in prices, so earnings were protected.

   Next results: check whether gross margin, sales minus direct costs, improves as aluminum prices ease.

   From the earnings call on 5 Aug 2026.

3. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 4.8% to 11.1% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), ASK Automotive reported revenue of ₹1,555 crore, up 47.5% from ₹1,054 crore a year earlier, and a profit of ₹102 crore, up 27.5% from ₹80.0 crore.

ASK Automotive results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 5 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

ASK Automotive closed at ₹614.90 on 6 November 2026, up 33.9% from ₹459.30 a year earlier (7 November 2025) and up 98.3% over three years. Its highest weekly close since November 2023 was ₹656.25 on 18 September 2026.

ASK Automotive share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

160 weekly closes from 17 November 2023 to 6 November 2026.

6 Nov 2026: ASK Automotive closed at ₹614.90, up 8.6% on the week and up 4.5% on the month. Results for July to September 2026: Revenue up 47.5% and profit up 27.5% on a year earlier.

Earlier

• Our read, 22 Aug 2026: India's dominant 2-wheeler safety-component maker, delivering 20% revenue yearly growth over four years via operating leverage and mix shift, now upgrading guidance to high-teens FY27 growth on a fresh plant cycle.
• 5 Aug 2026: ASK Automotive held its results call for April to June 2026. Management guided: FY27 consolidated revenue growth in the high teens, with momentum expected throughout the year.
• 31 Jul 2026: ex-date for a dividend of ₹1.85 a share.

Our read of the business

ASK Automotive supplies braking systems, aluminum precision die castings, and safety cables to every major Indian 2-wheeler OEM, with multi-year homologation giving its market positions durability above replacement risk. Revenue compounded at 20% annually from FY22 to FY26 (from ₹2,013 Cr to ₹4,176 Cr) while operating margin expanded from 8% to 13%. The August 2026 concall delivered the highest-ever quarterly revenue, operating profit, and profit, with the full-year FY27 growth framework raised to high-teens and a new south-Bangalore plant announced on fresh order inflows.

April to June 2026: Highest-ever quarter on all three metrics; growth guidance upgraded to high-teens; new south-Bangalore plant triggered by fresh orders.

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

ASK Automotive paid ₹1.85 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.30% at the ₹614.90 close on 6 November 2026. The last was a dividend of ₹1.85 a share, ex-date 31 July 2026.

ASK Automotive dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. ASK Automotive Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 8 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 5 August 2026, ASK Automotive's management guided: FY27 consolidated revenue growth in the high teens, with momentum expected throughout the year.

“We are confident that we will continue to grow not only in the mid-teens, but I am confident that we will now grow for the full year in the high teens.”Kuldeep Singh Rathee, Chairman & Managing Director, on the call for April to June 2026

What management guided

• Operating margin around 13.5-14%; gross margin to return to 34% over the next 2-3 quarters as aluminum prices ease.
• Alloy-wheel confirmed orders about ₹70-90 crore in FY27 and ₹250 crore in FY28.
• FY27 exports planned to grow by approximately one-fifth on a year earlier; Ford exports about ₹40-45 crore this year and likely ₹60 crore next year.
• Karoli utilization around 80% by Q4 and south Bangalore plant operational before March; FY27 capital spending potentially ₹700 crore and debt-to-equity below 0.5.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 5 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

One change in ASK Automotive's own numbers looks lasting: market share gains. Also showing up, but too early to call lasting: costs spread over more sales and a bigger market to serve.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

If Karoli utilization is still below 65% in the December 2026 concall and revenue growth falls below 12% for two consecutive quarters, the new plant is not converting orders to revenue at the guided pace and the core operating-leverage argument breaks.

Each change stops working if

• : Karoli utilization stays below 65% in the Dec 2026 concall, signaling that existing OEM orders are not ramping as quickly as the plant's capacity was built for.
• : Alloy-wheel Taiwanese qualification slips beyond Jun 2027 AND existing Japanese-collaboration orders do not convert to the guided ₹250 Cr FY28 run-rate.
• : An ABS mandate is formally withdrawn and Honda allocates new model-year ABS sourcing to a competing supplier.

The main risks

• : both absorbed by institutions but no management commentary provided. ⚠ estimate
• : Capital spending revised to ₹700 Cr for FY27, 75% above the original ₹400 Cr guide, pushing D/E above management's own stated ceiling. ⚠ estimate
• : Aluminum pass-through compresses reported operating margin to 12% vs a guided 13.5 to 14% ceiling; margin percentage recovery depends on external commodity normalization. ⚠ estimate
• : Export revenue declined to ₹141 Cr in FY26 vs ₹147 Cr prior year; West Asia geopolitical disruption creates uncertainty for Ford ramp and other international commitments. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When ASK Automotive reports October to December 2026, these are the 6 checks that show whether the story is still on course. First: Sep 2026 quarter underlying revenue growth (net of aluminium pass-through) beats two-wheeler production growth, with operating profit growing at least as fast as underlying revenue.

ASK Automotive is on 2 of our India lists: Multibagger study list and Momentum stocks.

ASK Automotive Ltd earned ₹102 Cr of net profit in the Sep 2026 quarter, +27.5% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹297 Cr. Over 7 years profit has grown 14.7% a year on average. That is 6.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹80.0 Cr.

For the full year, FY26 profit was ₹297 Cr (+19.8% on the year before).

Why profit moved: revenue changed +47.5% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +25.4% and revenue +38.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

ASK Automotive Ltd reported ₹1,555 Cr of revenue in the Sep 2026 quarter, +47.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 7 years it has grown 12.9% a year on average. The last full year, FY26, came in at ₹4,176 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. ABS revenue grew 48% YoY in Q1 FY27 (C011). Honda is the largest customer by content-per-vehicle, and ASK expects this position to persist across Honda's next model cycle. A regulatory ABS mandate remains under government consideration, management will not discuss draft proposals, but any mandate requiring ABS fitment across the full 2-wheeler fleet would structurally expand ASK's addressable market without requiring additional customer development work. The regulatory-mandate demand-floor model applies conditionally on notification.

The last four reported quarters add to ₹5,144 Cr.

FY26 revenue was ₹4,176 Cr, +16.0% on the year before.

Recent pace: the last four quarters grew +38.3% on average, against 12.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +38.7%, against +23.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +25.6%, against +23.6% a year (stabilising).

ASK Automotive Ltd's operating margin was 11.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 8 years it has been between 8.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed −4.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 134% of ASK Automotive Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹301 Cr of operating cash against ₹297 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹500 Cr of spending on assets, free cash was −₹199 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 134% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 4.2× depreciation over three years. The next section checks what that spending is building.

ASK Automotive Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 18 days in FY26, down from 18 days in FY21. It spent ₹1,146 Cr on assets over the last 3 years. Customers take 26 days to pay, and stock sits for 41 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. ALPS (die castings and alloy wheels) grew 75% YoY in Q1 FY27 (C012), making it ASK's fastest-growing and highest-value segment. The homologation moat is fully in place here: ALPS products are safety-critical castings that take years to qualify. Confirmed alloy-wheel orders stand at ₹70 to 90 Cr in FY27 and ₹250 Cr in FY28 (C025). Taiwanese qualification remains in final safety testing, the timeline has slipped before, but approved orders already give a floor for FY28 revenue.

At FY26 sales of ₹4,176 Cr, each day of that cycle ties up about ₹11.4 Cr, so roughly ₹206 Cr is tied up in the business at any time.

FY26: customers took 26 days to pay and stock sat for 41 days, about 1.3 months of sales sitting as stock, for a full cycle of 18 days, shorter than FY21's 18.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 41 days. Customers pay about 26 days after that. Suppliers are paid at 49 days. Together that makes the 18-day cycle.

Spending on assets: ₹1,146 Cr over the last 3 years, against ₹272 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹152 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

ASK Automotive Ltd's P/E is 35.8×, in the middle of its own history: higher than 38% of past readings. Its usual P/E (the middle reading) is 37.8×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +20.1% while the price moved +33.9%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +25.6% a year; about +40.2% a year came from earnings growth and about −14.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 11 October 2026, ASK Automotive Ltd's share price assumed profit growth of about 20.6% a year. Over the past 7 years its profit actually grew 14.7% a year. Today its P/E is 35.8×, lower than 62% of its own last 3 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 6 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

ASK Automotive Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 27.5%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

ASK Automotive Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file.

NOT YET CHECKED

Our read, 22 August 2026. India's dominant 2-wheeler safety-component maker, delivering 20% revenue CAGR over four years via operating leverage and mix shift, now upgrading guidance to high-teens FY27 growth on a fresh plant cycle.

From the numbers. The operating cycle is in mid-expansion: TTM PAT…

From the price. Price stage 2, week 15, above its 200-day line, relative strength falling.

From the research. India's dominant 2-wheeler safety-component maker, delivering 20% revenue CAGR over four years via operating leverage and mix shift, now upgrading guidance to high-teens FY27 growth on a fresh plant cycle.

Where they disagree. The operating cycle is in mid-expansion: TTM PAT is growing at 23% YoY with ROCE at 25% and the earnings curve expanding at 26% per year. OPM is at the 50th percentile of its own history, neither trough nor peak, which is consistent with the mid-expansion classification.

What is proven. India's dominant 2-wheeler safety-component maker, delivering 20% revenue CAGR over four years via operating leverage and mix shift, now upgrading guidance to high-teens FY27 growth on a fresh plant cycle.

What is not proven yet. If Karoli utilization is still below 65% in the December 2026 concall and revenue growth falls below 12% for two consecutive quarters, the new plant is not converting orders to revenue at the guided pace and the core operating-leverage argument breaks.

What would change our mind. If Karoli utilization is still below 65% in the December 2026 concall and revenue growth falls below 12% for two consecutive quarters, the new plant is not converting orders to revenue at the guided pace and the core operating-leverage argument breaks.

The test written in advance. If Karoli utilization is still below 65% in the December 2026 concall and revenue growth falls below 12% for two consecutive quarters, the new plant is not converting orders to revenue at the guided pace and the core operating-leverage argument breaks. Measured by: the thesis as written as stated by the next result.

What the company does. ASK Automotive supplies braking systems, aluminum precision die castings, and safety cables to every major Indian 2-wheeler OEM, with multi-year homologation giving its market positions durability above replacement risk. Revenue compounded at 20% annually from FY22 to FY26 (from ₹2,013 Cr to ₹4,176 Cr) while OPM expanded from 8% to 13%. The August 2026 concall delivered the highest-ever quarterly revenue, EBITDA, and PAT, with the full-year FY27 growth framework raised to high-teens and a new south-Bangalore plant announced on fresh order inflows.

What the surface reading misses. Tranche 2 (Sep 2025 78.95%→Dec 2025 74.95%): DII stake jumped from 4.82% to 9.13% in the same quarter, a 4.31pp gain absorbing the 4pp promoter reduction. By Jun 2026, DII stake reached 10.97%. Combined FII+DII rose from ~9% to ~20.5% over two years. This is the signature of a block sale (OFS-style) to institutional shareholders at prevailing prices, not a distressed unwind.

What the surface reading misses. The surface reading is: OCF/PAT fell from 1.34 (3-year trend) to 1.01 in FY26, suggests cash conversion is deteriorating The research reads it further: Cash profit was ₹411 Cr (PAT ₹297 Cr + depreciation ₹114 Cr). OCF was ₹301 Cr. The ₹110 Cr gap is working-capital absorption, primarily inventory days rising from 34 to 41 (8 additional days on ₹4,176 Cr revenue = ~₹92 Cr inventory build). Debtor days held at 26 days (no receivable inflation). CCC improved from 22 to 18 days overall. CWIP rose from ₹65 Cr to ₹152 Cr, physical plant construction underway. The cash story is growth wc plus capex: operating cash is being reinvested in plant and inventory for the ramp, not leaking.

Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

What ASK Automotive Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Growth Guidance Raised from Mid-Teens to High-Teens · 5 August 2026. In the Jan 2026 call, management repeatedly framed mid-teens growth as its ongoing expectation. In the Aug 2026 call, management materially raised the outlook to high-teens full-year growth, citing recent momentum but without clearly quantifying the change in underlying assumptions.

FY27 Capex Outlook Increased Materially · 5 August 2026. The Jan 2026 call guided to FY27 capex of no more than Rs. 400 crore, while the Aug 2026 call indicated that capex may reach Rs. 700 crore. Management attributed the increase to new orders and an urgently required southern plant, but did not reconcile this substantial revision with the prior FY27 guidance or distinguish committed spending from the contingent amount.

Captive Solar Plant Commissioning Delayed · 5 August 2026. The Jan 2026 and Oct 2025 calls both expected the 11.55-megawatt Rajasthan captive solar plant to be operational by Q1 FY27. In the Aug 2026 call, management moved commissioning to Q2 FY27, a one-quarter schedule slip that was not accompanied by an explanation.

Export Guidance Reversal · 29 January 2026. In the July 2025 call, management was explicitly confident about achieving 20% year-on-year growth in exports for FY26 despite geopolitical headwinds. However, in the January 2026 call, this guidance was completely retracted to flat growth (0%), with management admitting they only hope to reach last year's numbers due to tariff uncertainties. Earlier call (Jul 2025): “However, we are still confident that we will grow the exports at 20% year-on-year during FY26.” Later call (Jan 2026): “FY26 exports, as I mentioned, will be flat. However, based on the Q3 FY26 performance, we feel that we will reach last year”.

Every quote above is taken word for word from the company’s own earnings calls.

Core operating growth and Karoli ramp were delivered; exports missed and launch dates slipped. Spending increased with a stated order-driven reason, and the inherited original call acknowledges the export miss: mixed delivery, with no qualifying huge unowned central miss or lie. A complete earlier downturn is not documented.

Regulatory and governance record

The fresh sweep returns routine trading-window and compliance filings, not a substantiated fraud, lie or qualifying conduct case.

Checked 14 October 2026.

ASK Automotive Ltd earned a ROCE of 25% in FY26. That is up from a low of 16% in FY22. Its return on capital used (ROIC) is 5.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.1% net margin and 1.63× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 7.1% net margin × 1.63× asset turnover × 1.95× leverage (assets divided by equity) ≈ 22.6% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 17.9% − 12.0% = +5.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

ASK Automotive Ltd has total debt of ₹741 Cr against shareholder equity of ₹1,461 Cr as of Sep 2026, so its debt is 0.51× its equity. Year by year, that ratio went from 0.51 in FY23 to 0.52 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Why this happened. The operating-leverage catapult applies: Karoli's large fixed-cost base is installed and paid for, so each additional ₹100 Cr of revenue flows through at a meaningfully higher incremental margin than the average OPM of 12%. Karoli monthly revenue reached ₹110 Cr (C023) with more than 1,500 employees recruited. Management guided Karoli to 80% utilization and the south-Bangalore plant operational before March 2027 (C026). The constraint is now filling the plants, not building them.

Domestic institutions raised their stake in ASK Automotive Ltd by 6.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 11.1% of the company. Promoters moved −4.0 points over the same period, to 75.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +6.6 points over 8 quarters, to 11.1%; Promoters: −4.0 points over 8 quarters, to 75.0%; Foreign institutions: +0.8 points over 8 quarters, to 9.9%.

Why the owners changed: domestic institutions drove it (+6.6 points), with the other side taken by promoters (−4.0 points). They raised their stake step by step.

For ASK Automotive Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

67.5 out of 100, rank 2 of 4 in Auto Ancillaries - 2 Wheelers, with 82% of the evidence available.

ASK Automotive Ltd scores 67.5 out of 100 against the 4 companies it is compared with in Auto Ancillaries - 2 Wheelers, ranking 2. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.

The four parts add up to the total exactly: 23.8 + 20.6 + 10.6 + 12.5 = 67.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

ASK Automotive ranks 2 of 4 Auto Ancillaries - 2 Wheelers companies on the 4-Factor Sector Score, with 67.5 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Auto Ancillaries - 2 Wheelers, all 4 compared on one page.

ASK Automotive is the 2nd largest of 4 Auto Ancillaries - 2 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Belrise Industries. Just below it: Pricol and L G Balakrishnan & Bros.

Auto Ancillaries - 2 Wheelers companies close in size

1. Belrise Industries Ltd ₹19,966 crore
2. ASK Automotive Ltd ₹12,382 crore
3. Pricol Ltd ₹7,850 crore
4. L G Balakrishnan & Bros Ltd ₹5,388 crore

All 4 Auto Ancillaries - 2 Wheelers companies, largest first

Companies close in size in other industries

519. CCL Products (India) Ltd ₹12,445 crore · FMCG - Coffee
520. Ventive Hospitality Ltd ₹12,414 crore · Hotels
521. ASK Automotive Ltd ₹12,382 crore
522. Rainbow Childrens Medicare Ltd ₹12,378 crore · Hospitals
523. Pearl Global Industries Ltd ₹12,372 crore · Textiles - Readymade Apparel

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

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