ASKAUTOLTD
The company reported strong financial performance in Q1 FY27 with revenue up 52.1% YoY, EBITDA up 32.7%, and PAT up 28.8%. Key growth drivers included higher volumes, improved capacity utilization, and strategic business closures. Challenges included increased aluminum prices impacting margins.
Growth by metric
Scale of reported figures
Key financials
| Revenue | ₹1,361 crore | +52.1% YoY |
| EBITDA | ₹164 crore | +32.7% YoY |
| PAT | ₹85.1 crore | +28.8% YoY |
Segment commentary
Advanced Braking Systems
Revenue increased by 48% YoY.
Aluminium Lightweighting Precision Solutions
Revenue grew by 75% YoY.
Guidance & outlook
- Focus on expanding in the EV and PV sectors, leveraging exports, and increasing IAM channel sales.
Key takeaways
- Strong financial performance driven by volume growth and strategic closures.
- Aluminium price volatility poses margin risks.
- Focus on expanding into EV and PV markets with innovative products.
Risks flagged
- Significant increase in aluminium prices impacting margins.





Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/8448091598_04082026183312_stxintimationinvestorpres04sd.pdf
Full transcript (2,876 words)
August 04, 2026
BSE Limited National Stock Exchange of India Limited Exchange Plaza,
Phiroze Jeejeebhoy Towers, Dalal Street, C-1, Block - G, Bandra Kurla Complex, Bandra (East),
Mumbai - 400 001 Mumbai - 400 051
Scrip Code: 544022 Symbol: ASKAUTOLTD
ISIN No.: INE491J01022 ISIN No.: INE491J01022
Re.: ASK Automotive Limited Re.: ASK Automotive Limited
Sub: Presentation to be made to the Analysts and /or Investors
Dear Sir/Madam,
Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith the presentation to be made to the
Analysts and/or Investors on the Unaudited Financial Results of the Company for the quarter ended on June 30,
2026.
The same shall be available on our website i.e. www.askbrake.com.
This is for your information.
Thanking you,
For ASK Automotive Limited
Rajani Sharma
Company Secretary & Compliance Officer
Membership No.: ACS 14391
Encl: As above
ASK LIMITED
AUTOMOTIVE
Quarterly Earnings Call || Q1 FY27
Advanced Braking Aluminum Lightweighting Safety Control
Systems Precision Solutions Cables
https://askbrake.com
Content
01
Overview: ASK Group
4
02 Financial Performance-Q1 FY27
5-8
03
Key Growth Strategies & Recent Breakthrough
9-10
04 Technical Collaborations & Partnerships
11
05 Transition to Renewal Energy
12
06 Customer Relationship and Recognitions 13-14
07 Others
15-19
08
Annexures 20-22
2
Cautionary Statement
This presentation and the accompanying slides (the “presentation”) contain selected information about the activities of ASK
Automotive Limited (the “Company”) and its subsidiaries and affiliates (together, the “Group”) as at the date of the
presentation. It does not purport to present a comprehensive overview of the Group or contain all the information necessary
to evaluate an investment in the Company.
Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and
regulations. Actual results might differ substantially from those expressed or implied. Important developments that could
affect the Company’s operations include changes in the industry structure, significant changes in political and economic
environment in India and overseas, tax laws, import duties, litigation and labour relations.
The information contained herein has been prepared to assist prospective investors in making their own evaluation of the
Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may
desire. In all cases, interested parties should conduct their own research/investigation and analysis of the Company and the
data set forth in this information. The Company makes no representation or warranty as to the accuracy or completeness of
this information and shall not have any liability for any representations (expressed or implied) regarding information
contained in, or for any omissions from, this information or any other written or oral communications transmitted to the
recipient in the course of its evaluation of the Company.
While we have made every attempt to ensure that the information contained in this presentation has been obtained from
reliable source, the Company is not responsible for any errors or omissions, or for the results from the use of this information.
All information in this presentation is provided on "as is" basis with no guarantee of completeness, accuracy, timeliness or of
the results obtained from the use of this information and without warranty of any kind, express or implies including but not
limited to warranties of performance for a particular purpose. In no event will the Company, its Directors, legal
representatives, employees thereof be liable to anyone for any decision made or action taken by relying on data/information
in this presentation.
3
ASK Group Overview - ASK is a leading Brand in 2W Braking Segment in India
ASK Automotive Limited
35+ Years
Product Segments
Leading Safety Systems Manufacturer Experience in
safety products
ASK Automotive Limited is a Public and solutions ~50% 37% 51%
14
Market Share in
Listed Indian auto ancillary major, Advanced Aluminium
Exporting 2W’s AB systems in
having diversified operations and countries India Braking Systems Lightweighting Precision
offers powertrain-agnostic products Solutions
under Advanced Braking Systems,
FY 2025-26
Aluminium Lightweighting precision
Total Income
solutions, and Safety Control Cables Long standing Rs. 4196 Crore
relations with EV & Non-EV
business segments. Powertrain agnostic (USD 446Mn)*
all top 2W ICE
products
and EV
customers
Strong 5 Technical
Collaborations 4%
In-house R&D,
& 3 Joint
Engineering
Safety Control
Ventures
and Design 18
With World class Cables
Centre State of the art global players 5% 3% 4
9
Manufacturing Wheel Assembly R N
Facilities Others I=
D
S
U
LISTED ON NSE-15 NOV 2023 1
d
e
m
u
s
s
A
*
Last 4 years CAGR Key Ratios FY 2026
Financial Highlights
20.0% 31.9% 38.4% 0.50 0.95 26.9%
Revenue EBITDA EPS Debt-Equity Avg. Debt-EBITDA RoACE
4
Key Business Performance Highlights - Q1 FY27 (Consolidated)
❖ Robust growth in both top line and bottom line ❖ EBITDA up +32.7%, PAT up +28.8% YOY
❖ Highest ever Quarterly Revenue, EBITDA & PAT ❖ EBITDA Margins at 12.0%
❖ Revenue growth outperformed Industry growth ❖ Absolute EBITDA remained strong at Rs. 164 Cr. against
Rs.123 Cr. in Q1 FY26 . However, EBITDA percentage was
❖ Consolidated Revenue Growth up + 52.1% YOY
impacted due to abrupt and phenomenal pass-through
Passthrough impact of Significant increase in Alloy Prices
Alloy prices.
on revenue + 33.4%
Wheel Assembly strategic reduction impact (-) 6.6% ❖ EPS at Rs 4.32, up+28.8% YOY,
❖ Absolute EBITDA improvement resulting from:-
Overall Net Revenue Growth up + 25.3% YOY
▪ Higher Volume driven economies of scale
▪ Benefit from increasing capacity utilisation at Karoli
and new Bangalore facility
▪ Strategic Closure of low value-added Wheel Assembly
business
5
Financial Performance of Q1 FY 27 (in Crores) - Consolidated
TOTAL INCOME
Consolidated Net Revenue*
1361
+52.1%
+25.3%*
1062
*Excluding Passthrough Alloy
895 848 Prices impact + 33.4% and Wheel
Assembly impact (-) 6.6%
Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27
EBITDA PAT EBITDA and PAT Margins%
+32.7% 13.8%
164
12.0%
85 EBITDA percentage was
123
impacted due to abrupt
66
7.4% and phenomenal increase
6.3%
in Aluminium prices..
EBITDA % PAT %
Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27
6
Revenue by Product Segment and Channel Q1 FY27 – Consolidated
Product Segment Channel
Others, 3.9% Exports, 2.9%
Others, 6.3%
SCC, 2.9%
WA*, 0.0%
WA*, 0.0%
IAM
ABS, 35.5% 7.0%
7 PV, 3.5%
2
Y
F
1 2W-EV, 5.7%
Q
ALPS
57.7%
2W-ICE, 74.6%
*With effect from 01.04.2026, WA Sales are Nil
SCC, 3.7% Others, 4.3%
Others, 5.2%
Exports, 3.7%
WA, 5.3% WA, 5.3%
6
2 IAM
Y ABS, 36.4%
F 9.6%
1
Q
PV, 3.5%
ALPS
50.3% 2W-ICE, 67.6%
2W-EV, 5.1%
7
Product Segment Revenue (Rs. Crores) Q1 FY27- Consolidated
Advanced Braking Systems Aluminium LW Precision Solutions Safety Control Cables
+48% 482 +75% 784
+20% 39
325 33
449
Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27
2W Industry#
Wheel Assembly
(Vehicle Production in Lakhs)
+22.8%
72 47
59
0 NIL
#SIAM
Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27
*With effect from 01.04.2026, WA sales are Nil
8
Key Growth Strategies
Diversify product offering in AB
Strengthen position Develop innovative systems
systems and ALP solutions and
in the growing EV and solutions and have
expand market in PV and CV
sector in India strong pipeline of products
segment
Independent Focus on design,
Electrification Focus on Export Diversify Product
After R&D, Engg
- EV
Offerings
Market capabilities
Leverage export Expand IAM channel
network and increase
opportunities and enter
focus on IAM sales and
new markets
spares 9
Recent Breakthrough
Happy to share that the technical
collaboration with Kyushu Yanagawa
Japan has been successfully
implemented at our Karoli plant and
1st Supply of High Pressure Die
Casted Alloy Wheel has started to
our leading Japanese customer.
10
World Class Technical Collaborations and Global Partnerships...
2001 - Japanese Manufacturer 2016 - NUCAP, Canada 2018 - FRAS-LE, Brazil
A prestigious manufacturer A Patented Retention Systems - A Randon group company, Fras-le is a global
& supplier of Non-asbestos Mechanical Bonding Disc Brake leader in brake linings and pads for commercial
Brake Shoes to the world’s Pads for 2W, PV and CV vehicles, supplying to global OEMs
leading 2W manufacturers
2001 2016 2016 2024 2025 2018 2024 2025
2025 - Kyushu 2024 - AISIN, Japan 2025 - T D Holding
2016 - HSH Safety Control 2024 - LIOHO, TAIWAN Yanagawa Seiki, Co., Gmbh
AISIN Group Companies, a (Technical License
Cable Ind. Co. Ltd. Ltd., Japan holding Company of GEMO)
A Leading Player in leading Japanese OE Auto
Leading manufacturer of manufacturer of A leading Motorcycle Components supplier, is For Manufacturing of
high-quality control cables automotive system wheel supplier with among the Top 10 global Sunroof Operating
and with more than six components and metal high pressure Tier One automotive Cables for passenger
decades of experience in parts including Alloy Aluminium die suppliers of Passenger Car Vehicles with proven
global markets Wheel casting technology products licensed technical
know how.
11
ESG - Transition towards Renewable Energy
Solar usage (units in kWh millions)
33.3
▪ Clear focus towards Renewal Energy
▪ 100% conversion of Diesel to PNG in melting
furnaces
9.6
7.2 7.5 7.3
6.3
▪ 9.9 MWp Solar Power Plant for captive
consumption operationalized.
2021 2022 2023 2024 2025 2026
▪ Upcoming one more Captive Solar power plant
of 11.55 MWp in Rajasthan and expected to be
PNG usage (units in SCM millions)
operational by Q2 FY27.
7.0
▪ Highly Rated by Customers on Sustainability:
4.3
Maruti – Excellent, TVS – Gold, Hero MotoCorp
2.8 – 100% compliant, Yamaha – 100% compliant
0.6
0.3 0.4
2021 2022 2023 2024 2025 2026
12
Long-standing Relationship with Indian and Global OEM players
2 Wheelers-ICE
2W Years of
Customers Relationship
Hero
MotoCorp
Limited
Hero
33
MotoCorp Limited
2 Wheelers-EV
25
24
4 Wheelers
24
Commercial Vehicle Export Customers
23
Polaris Inc.
19
^ Supplied through JV 13
Awards and Recognitions
India’s Best
Managed
Companies 2025
Award by Deloitte
8 Awards
for Excellence in
Development
13 Awards
for Excellence in
Quality
10 Awards
for Excellence in
Performance 14
6 Awards
for Excellence in
Cost Innovation
14
Diverse & Extensive Product Portfolio
2W 3W 4W CV (Joint Venture)
Advanced
Braking Brake Shoe Brake Pad Brake Lining
System Brake Shoe Brake Pad
Brake Shoe
Brake Panel Case Mission Brake Pad
2W PV Exports EV
Aluminium LW
Alloy Wheel Engine Cover ECU Body ECU Housing Demolition Geared Pulley
Precision Fan Electric motor
Hammer
Solutions housing
Crank Case Pillion Grip Throttle Body Filter Housing Cover Bottom Base Adaptor Battery housing
2W 2W 2W 3W
Safety Control
Cables
Front Brake Cable Rear Brake Cable Throttle Speedometer Cable Gear Shift Cable
Assembly Assembly Cables Assembly
15
Board of Directors
Kuldip Singh Rathee - Chairman & MD
Vinay Kumar Piparsania -Independent Director
• Bachelor’s degree in arts (Economics Honours) from Delhi University
• Bachelor’s degree in technology (mechanical engineering) from Indian Institute of Technology, Delhi and a
• Served in the Central Reserve Police Force and was directly recruited for the
master’s degree in business administration from Tulane University, New Orleans, Louisiana (USA)
post of deputy superintendent of police in 1974 and served till 1978
• Experience in the automotive sector and was previously associated with Ford India, BMW Oman, Hero
• Previously enlisted as a contractor in Class I (B&R) with the Directorate
Corporate Service Limited, TVS Automobile Solutions and currently the principal at MillenStrat Advisory &
General of Works, Central Public Works Department, Government of India
Research
• Experience in the real estate sector and in the manufacturing sector
Vijay Rathee Non-Executive Director Deepti Sehgal - Independent Director
• Bachelor’s degree in commerce from the University of Delhi, and a postgraduate diploma in
• Bachelor’s degree in science and a master’s degree in science (Zoology)
business administration from Indian Institute of Management, Ahmedabad, Gujarat
• Experience in the banking sector and the manufacturing sector and was
• Experience in the consultancy sector and was previously associated with Infogain
previously associated as an officer with Punjab & Sind Bank
Corporation, Deloitte Touche Tohmatsu India, GE Capital International Services and IBM
India
Prashant Rathee – Joint Managing Director Kumaresh Chandra Misra - Independent Director
• Bachelor’s degree in commerce from Delhi University • Bachelor’s degree in arts. a bachelor’s degree in law, a postgraduate diploma in business
• Previously a director on the board of A.A. Autotech Private Limited from administration from Indian Institute of Management, Ahmedabad, Gujarat and a master’s degree in
arts (political economy) from Boston University, Boston, Massachusetts (USA)
2008 till it merged with ASK Automotive.
• Extensive experience in the manufacturing sector • A retired IAS officer and previously Joint Secretary with the Ministry of Chemicals and Fertilizers.
Aman Rathee – Joint Managing Director Yogesh Kapur - Independent Director
• Bachelor’s degree in science (engineering) and a master’s degree in
• Bachelor’s degree in commerce (honours) from University of Delhi, Delhi and is a fellow of the Institute of
business administration from Purdue University, Indiana (USA) and a
Chartered Accountants of India
certification in M&A from Harvard Business School, Massachusetts (USA)
• Experience in investment banking and was previously associated with Axis Capital Limited and was also the
• Previously a director on the board of A.A. Autotech Private Limited from
managing director at Enam Securities Private Limited. He was also associated with HDFC for 8 years
2012 till it merged with ASK Automotive
• Currently on the board of director of Relaxo Footwear Ltd, Rico Auto Industries Ltd, Greenlam Ltd, Kirloskar
• Extensive experience in the manufacturing sector
Oil Engines Ltd and 4 other companies.
Rajesh Kataria - Whole-Time Director Rajan Wadhera- Independent Director
• Bachelor’s degree in business administration and a master’s course in • Bachelor’s degree of technology in aeronautical engineering from the Indian Institute of Technology,
business administration (human resources) Bombay and a Master’s degree in technology with specialization in Aircraft propulsion from the Indian
• Currently responsible for Operational Management of the Company Institute of Technology, Bombay.
• Previously associated with Mahindra and Mahindra Limited as President, Automotive and Farm equipment
sectors and Eicher Motors Limited as Director – supply chain.
• Currently on the board of director of G N A Axles Ltd , AJAX Engineering Ltd, Metalman Auto Ltd.and
Texspin Bearing Ltd.
16
Geographical Presence across India
Himachal Pradesh
Baddi – 1 Plant
Uttarakhand
Corporate Office Haryana Haridwar – 2 Plants
Gurugram/Manesar - 9 Plants, JV - 1 Plant
Rajasthan
Karoli (WOS) – 1 Plant
9,000+
Gujarat
Workforce
Ahmedabad - 1 Plant
Karnataka Bengaluru (3 Plants)
ASK - 1 Plant, WOS - 2 Plants
18 State of the art Manufacturing Facilities
WOS - ASK Automobiles Private Limited, a wholly owned subsidiary of ASK Automotive
17
JV - ASK FRAS-LE Friction Private Limited
ASK Group’s Strengths
Largest manufacturer of 2W Advanced Braking System
in India with ~50% market share
Powertrain Agnostic product offerings in both EV and Non-EV
5 World Class Technical Collaborations and 3 World Class Joint Ventures
High entry barriers due to proprietary material formulations, in-house Engg, Designing & Tool room
Long standing relationship with customers & established Aftermarket focused on Quality, Cost & Delivery
Robust financial performance with 16.2% Revenue growth, 24.1% EBITDA growth, 20.1% PAT growth and RoACE of 26.9% in FY26.
Credit Rating by Crisil : Long term AA, Short term A1+
18
AHSAAS Trust – A CSR Initiative
Focusing Our Efforts Today for a Better Tomorrow for Everyone.
AHSAAS, the philanthropic arm of ASK Automotive was born out of our chairman & Managing Director Mr. Kuldip Singh Rathee and his wife and Non- Executive Director Ms.
Vijay Rathee with an aim and dedication to contributing toward socio-economic growth in the states of our operations.
EDUCATION HEALTH CARE WOMEN SAFETY
SPORTS TALENT NURTURING CONSERVATION SKILL DEVELOPMENT 19
Profit and Loss Q1 FY27 - Consolidated (in Rs. Crore)
Particulars (Rs. Cr) Q1 FY27 Q1 FY26 % Change
(YoY)
Revenue 1358.1 891.3
Other Income 3.0 3.7
Total Income 1361.1 895.0 52.1%
Cost of Material Consumed 1026.3 621.3
Change in inventories -85.0 -50.4
Employees Benefit Expenses 61.0 53.4
Other Expenses 195.4 147.6
EBITDA percentage was
Dies for own use -0.2 -0.3
impacted due to abrupt and
EBITDA 163.6 123.3 32.7%
phenomenal increase in
EBITDA margin (%) 12.0% 13.8% -176 bps
Aluminium prices.
Depreciation 33.1 26.5
EBIT 130.4 96.8
Finance Cost 15.9 10.2
PBT before profit/(loss) of JV 114.6 86.6
Share in Profit/Loss of JV -2.3 0.6
PBT 112.3 87.2
Income Tax & Deffered Tax 27.1 21.1
PAT 85.1 66.1 28.8%
PAT margin (%) 6.3% 7.4% -113 bps
21
Glossary
Term Description Term Description
AB Advanced Braking ECU Electric Control Unit
ALP Aluminium Lightweighting Precision
MCU Motor Control Unit
SCC Safety Control Cables
HMI Human-machine interface
AM / IAM Independent Aftermarket
HEV Hybrid Electric Vehicles
OEM Original Equipment Manufacturer
BEV Battery Electric Vehicles
ATV All-terrain vehicles
ICE Internal Combustion Engine
2W Two-wheeler
EBITDA Earnings Before Interest, Tax, Depreciation and Amortization
EV Electric Vehicle
CAGR Compounded Annual Growth Rate
3W Three-wheeler
PAT Profit After Tax
PV Passenger Vehicles
RoACE Return on Average Capital Employed
CV Commercial Vehicles
JV Joint Venture RoAE Return on Average Equity
22
For further information Contact
ASK Automotive Ltd. Adfactors PR
1. Mr. Naresh Kumar : Chief Financial Officer 1. Mr. Rushabh Shah
naresh@askbrake.com rushabh.shah@adfactorspr.com
2. Mr. Manoj Sharma: Chief General Manager-Investor
Relations
investor@askbrake.com
23