November 7, 2023 - November 9, 2023

ASK Automotive IPO Review & Recommendations

Canara Bank Securities Ltd, Dilip Davda, Mehta Equities and Reliance Securities have given "Apply" recommendation to ASK Automotive IPO. Swastika Investmart Ltd has given "May Apply" recommendation to ASK Automotive IPO. Capital Market has "Neutral" view about the IPO. Ventura Securities Limited has "Not Rated" the IPO.

ASK Automotive IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	4	1	1	0	1
%	57.14	14.29	14.29	0.00	14.29

ASK Automotive IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Canara Bank Securities Ltd	Apply
Capital Market	Neutral
Dilip Davda	Apply
Mehta Equities	Apply
Reliance Securities	Apply
Swastika Investmart Ltd	May Apply
Ventura Securities Limited	Not Rated

ASK Automotive IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for ASK Automotive IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	44	Avoid, however active risk seekers can try

ASK Automotive IPO Review by Dilip Davda (Apply)

[Dilip Davda] AAL is the largest manufacturer in India for brake-shoe and advanced braking systems and is the most preferred partner for 2W companies like HeroMotocorp, TVS, Bajaj, etc. It marked consistent growth in its top lines for the reported periods. It suffered a minor setback for FY22 in bottom lines in line with general global trends following the pandemic. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long-term rewards in this long race horse. Read detail review...

ASK Automotive IPO Peer Comparison

ASK Automotive Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
ASK Automotive Limited	6.18	6.18	32.66	45.63	19.10
Endurance Technologies Limited	34.09	34.09	313.67	46.36	10.87
Uno Minda Limited	11.42	11.37	72.53	52.59	15.73
Suprajit Engineering Limited	10.99	10.98	88.48	35.49	12.42
Bharat Forge Limited	11.35	11.35	144.02	98.86	7.88

Notes:

All the financial information for listed industry peers is on a consolidated basis and is sourced from the financial information of such listed industry peers as of and for the year ended March 31, 2023, available on the website of the stock exchanges.
P/E Ratio for the listed industry peers has been computed based on the closing market price of equity shares on BSE as of October 16, 2023, divided by the diluted EPS for the year ended March 31, 2023
Return on Net Worth (%) is calculated as profit after tax attributable to the equity Shareholders of the company divided by total equity as at the respective year-end. Total equity = equity share capital + other equity.

Net asset value per equity share=Net worth as of the end of the relevant year divided by the number of equity shares outstanding at the end of the year. Net worth represents the aggregate value of equity share capital and other equity and is based on Restated Consolidated Financial Information.

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ASK Automotive IPO Review by Members

ASK Automotive IPO Reviews, analysis and views by popular members. Read ASK Automotive Limited IPO reviews by retail investors to find recommended ipo to buy.

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ASK Automotive IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	1	0
%	50.00	0.00	50.00	0.00

Member	Review
Crow IPO Mentor (700+ Posts, 900+ Likes)	Neutral Nothing fancy and I usually do not go long on auxiliary automobile companies. November 9, 2023 10:52:36 AM
IPO Chacha	Apply for Short Term at Cut-off Price Leader in its domain. It has presence in other countries as well. Consistently profitable. November 8, 2023 3:52:12 PM

Member

Review

Crow

IPO Mentor (700+ Posts, 900+ Likes)

Neutral

Nothing fancy and I usually do not go long on auxiliary automobile companies.

November 9, 2023 10:52:36 AM

IPO Chacha

Apply for Short Term at Cut-off Price

Leader in its domain. It has presence in other countries as well. Consistently profitable.

November 8, 2023 3:52:12 PM

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