Any current/future new fundraising through debt or equity?

No direct mention of any new fundraising through debt or equity in the transcript. Debt levels: The company plans to keep its debt-equity ratio below 0.5x despite increased CAPEX. Debt guidance: Targeting debt roughly equal to one year of EBITDA, maintaining financial discipline. CAPEX plans: Rs. 500 crore for FY26 and Rs. 400 crore estimated for FY27, funded within existing resources. No talk about equity issuance or fresh fundraising in the discussions. Focus on optimizing existing capital structure rather than raising new funds.

Any current/future capex/capital investment/strategic investment?

FY26 CAPEX planned at Rs. 500 crore, up from initial Rs. 450 crore due to an additional Rs. 40 crore for a solar power plant. The 9.9 MW solar plant at Sirsa, Haryana became operational in April 2025. A new 11.55 MW captive solar power plant is under setup at Rajasthan, expected operational by Q1 FY27, with no extra incremental CAPEX due to prior ordering before solar price increases. FY27 CAPEX is planned to be lower, targeted around Rs. 400 crore. Investments include capacity expansion for brake shoes and pads to 32 crore units. New product launches and capacity ramp-ups at Bangalore and Raj

Future growth expectations in sales/revenue/volumes?

ASK Automotive is optimistic about future growth in Q4 FY26 and FY27, expecting a "very bright" outlook. The company anticipates mid-teen percentage growth in sales/volumes, consistently outgrowing the two-wheeler industry growth of around 8.8%. Growth is supported by GST 2.0 reforms reducing GST on products from 28% to 18%, boosting aftermarket demand and market share. Rising rural incomes and improved consumer purchasing power due to tax reforms and liquidity enhancements are expected to sustain demand. New product launches like sunroof cables and alloy wheels are slated to begin com

Future growth expectations in earnings/operating earnings/profits/EPS?

The company is optimistic about a bright Q4 and a good next year, indicating positive future growth expectations. Mid-teen percentage revenue growth is expected, consistently outperforming the two-wheeler industry's growth rate. EBITDA margins are targeted to be around 13.4% to 13.7% in FY27, slightly impacted by aluminum price inflation but absolute EBITDA is expected to remain stable. ROCE is strong at 27%-28%, with efforts to maintain this level despite one plant operating at lower capacity. Earnings Per Share (EPS) increased to Rs. 4.05 in Q3 FY26 and Rs. 11.45 for 9M FY26, with po

Current/ Expected Orderbook/ Pending Orders?

No specific, detailed figures on the current or expected orderbook or pending orders are disclosed in the transcript. The company mentions ongoing testing and pending customer approvals for new products such as the Taiwan joint venture and Sunroof Cable JV, expected to start supply in H2 FY27. The Wheel Assembly business is expected to be phased out by March end as assured by the customer. New Alloy Wheel collaborations (with Japanese and Taiwan partners) are in testing and expected to launch in H2 FY27. The company is optimistic about strong order pipelines, with robust projections from OEMs

IN US

Sale is live|00:00:00left today

ASK Automotive LtdQ4 FY27Auto Components

ASK Automotive Ltd Q4 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹465P/E: 31.9Market Cap: ₹9.0K CrSector: Auto Components

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

→ASK Automotive is optimistic about future growth in Q4 FY26 and FY27, expecting a "very bright" outlook.
→The company anticipates mid-teen percentage growth in sales/volumes, consistently outgrowing the two-wheeler industry growth of around 8.8%.
→Growth is supported by GST 2.0 reforms reducing GST on products from 28% to 18%, boosting aftermarket demand and market share.
→Rising rural incomes and improved consumer purchasing power due to tax reforms and liquidity enhancements are expected to sustain demand.
→New product launches like sunroof cables and alloy wheels are slated to begin commercial production in H2 FY27, adding to revenue growth.
→The company is bullish on two-wheeler sector growth continuing beyond FY26, expecting stable macroeconomic conditions to favor sustained growth.
→EBITDA margins may see a slight impact due to aluminum price inflation but absolute EBITDA is expected to remain steady.

Margin guidance

Category 3

→The company is optimistic about a bright Q4 and a good next year, indicating positive future growth expectations.
→Mid-teen percentage revenue growth is expected, consistently outperforming the two-wheeler industry's growth rate.
→EBITDA margins are targeted to be around 13.4% to 13.7% in FY27, slightly impacted by aluminum price inflation but absolute EBITDA is expected to remain stable.
→ROCE is strong at 27%-28%, with efforts to maintain this level despite one plant operating at lower capacity.
→Earnings Per Share (EPS) increased to Rs. 4.05 in Q3 FY26 and Rs. 11.45 for 9M FY26, with positive momentum anticipated to continue.
→Continued ramp-up of new plants and product launches (Sunroof Cable, Alloy Wheels) expected to contribute to growth in FY27.
→Expansion in aftermarket share and penetration into new product segments (ABS, JV with Taiwanese and Japanese partners) are growth drivers.

3 more insights locked — sign up free to unlock

Fundraise plans

→No direct mention of any new fundraising through debt or equity in the transcript.
→Debt levels: The company plans to keep its debt-equity ratio below 0.5x despite increased CAPEX.
→Debt guidance: Targeting debt roughly equal to one year of EBITDA, maintaining financial discipline.
→CAPEX plans: Rs. 500 crore for FY26 and Rs. 400 crore estimated for FY27, funded within existing resources.
→No talk about equity issuance or fresh fundraising in the discussions.
→Focus on optimizing existing capital structure rather than raising new funds.

Order book

→No specific, detailed figures on the current or expected orderbook or pending orders are disclosed in the transcript.
→The company mentions ongoing testing and pending customer approvals for new products such as the Taiwan joint venture and Sunroof Cable JV, expected to start supply in H2 FY27.
→The Wheel Assembly business is expected to be phased out by March end as assured by the customer.
→New Alloy Wheel collaborations (with Japanese and Taiwan partners) are in testing and expected to launch in H2 FY27.
→The company is optimistic about strong order pipelines, with robust projections from OEMs for Q4 and FY27.
→The exports to Ford have already started but are facing uncertainties due to tariffs; ramp-up expected in FY27.
→The AISIN JV is ramping up with aftermarket dealer appointments expected to break even by Q1 FY27.

Capex plans

Yes

→FY26 CAPEX planned at Rs. 500 crore, up from initial Rs. 450 crore due to an additional Rs. 40 crore for a solar power plant.
→The 9.9 MW solar plant at Sirsa, Haryana became operational in April 2025.
→A new 11.55 MW captive solar power plant is under setup at Rajasthan, expected operational by Q1 FY27, with no extra incremental CAPEX due to prior ordering before solar price increases.
→FY27 CAPEX is planned to be lower, targeted around Rs. 400 crore.
→Investments include capacity expansion for brake shoes and pads to 32 crore units.
→New product launches and capacity ramp-ups at Bangalore and Rajasthan plants are part of strategic investment plans.
→The focus on green energy reflects a strategic direction with solar power infrastructure projects.

How does ASK Automotive Ltd rank vs peers in Auto Components?

Pro feature

1ASK Automotive Ltd

Rev 3Mar 3

See full Auto Components sector rankings

Want more stocks like ASK Automotive Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio