Buy ASK Automotive; target of Rs 730: Choice Institutional Equities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Choice Institutional Equities issued a buy rating for ASK Automotive with a target price of Rs 730.
- ✓The company delivered record Q2FY27 revenue, growing 47.5% year-on-year.
- ✓Strong demand for braking systems and safety cables helped the firm outperform industry growth.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Choice Institutional Equities's report on ASK Automotive ASKAUTO delivered record Q2FY27 revenue and EBITDA, growing 47.5% and 30.2% YoY, respectively. Excluding the pass-through impact of higher aluminium price and strategic reduction in wheel assembly business, net revenue grew 29.5% YoY, outperforming 2W average industry growth. EBITDA margin stood at 11.5%, down by 153 bps YoY, while PAT increased 27.3% YoY. ALPS, advanced braking systems and safety control cables grew 69%, 46% and 33%, respectively, reflecting a strong demand and increasing customer content. Outlook We value the company at 30x (maintained) on average FY28/29E EPS.
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