ASK Automotive Limited (ASKAUTOLTD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-16.2%

₹494.47

vs ₹590.00 price

Levered DCF

-₹149.26

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	29.49×	35.75×	32.13×	49.7×	74.01×	57.53×	58.95×
P/B	6.69×	8.49×	6.83×	9.5×	9.67×	9.83×	12.16×
P/S	2.1×	2.5×	1.89×	2.42×	3.06×	3.99×	3.84×
EV / EBITDA	17.05×	20.55×	18.07×	26.66×	35.55×	30.08×	30.39×
Gross margin	25.9%	27.3%	26.8%	25.6%	26.1%	32.7%	21.6%
Operating margin	10.0%	9.8%	8.0%	7.1%	6.1%	9.1%	-0.9%
Net margin	7.1%	7.0%	5.9%	4.9%	4.1%	6.9%	6.5%
Current ratio	1.04×	1.03×	1.08×	1.08×	1.09×	1.32×	1.03×
Debt / equity	0.52×	0.39×	0.42×	0.51×	0.28×	0.14×	0.29×
Interest coverage	8.65×	10.31×	8.26×	16.19×	15.42×	13.28×	0×
Dividend yield	0.3%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	9.9%	8.0%	0.0%	0.0%	0.0%	1.9%	1.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	22.7%	23.7%	21.3%	19.1%	13.1%	17.1%	20.6%
Return on invested capital	15.2%	17.2%	14.6%	12.8%	10.3%	13.5%	-1.7%
Return on assets	11.6%	12.9%	11.1%	9.6%	7.5%	11.2%	12.2%
Free cash flow yield	-2.7%	0.2%	0.3%	-0.5%	0.9%	1.2%	3.2%
Earnings yield	3.4%	2.8%	3.1%	2.0%	1.4%	1.7%	1.7%
Enterprise value	₹94.3B	₹92.5B	₹59.1B	₹64.4B	₹62.9B	₹61.8B	₹64.5B
Net debt / EBITDA	1.2×	0.87×	1.02×	1.35×	0.98×	0.32×	0.69×
Cash conversion cycle (days)	19	12	14	27	25	26	15