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ASK Automotive Limited IPO Review

Ask Automotive Limited IPO was incorporated in Since in 1988, ASK Automotive has been committed to providing top-notch safety, precision, and quality. With 15 manufacturing facilities, a design center, a tool manufacturing facility, and R&D and testing labs, ASK Automotive delivers Advanced Braking Systems, Lightweight Aluminium Precision Solutions, and Safety Control Cables. Their Strategies are Electrification”– further strengthen their position in the growing EV sector in India, Continue to focus on their design, research and development (“R&D”) and engineering capabilities to develop, Further diversify their product offerings in the AB systems and ALP solutions categories and expand their addressable market.

Precision Lightweighting and Thermal Management Solutions (ALP Solutions), deal with fancy stuff like engine parts, transmission parts, heat sinks for keeping things cool, and various automotive structural solutions. They've got special products for electric vehicles too, like motor housing, battery housing, and driveline pulleys. But here's the deal: making these things is no walk in the park. It involves some serious engineering magic, and they rely on tight teamwork between them (the folks making the components) and the OEMs (the ones putting everything together). They work closely from the very beginning, starting with design, going through testing and validation, all the way to getting the goods delivered.  

ASK Automotive Limited Products and Services

ASK Automotive not only makes Advanced Braking Systems but also creates Lightweight Aluminium Precision Solutions. These solutions cover various areas like engine parts, body and chassis parts, transmission parts, electrical and electronic components, and components specific to electric vehicles. ASK Automotive serves a wide range of vehicles, including motorcycles, scooters, passenger vehicles, and commercial vehicles, for both traditional and electric engines, in both automotive and non-automotive applications.

They're pretty savvy in the research and development department. First off, they have some cool skills in advanced material engineering, boasting 52 special formulas (they even licensed seven of them). These formulas are like the secret sauce in their Advanced Braking Systems for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. They customize them to meet the safety, durability, and performance needs of both electric and traditional engines. Second, their precision engineering game is strong. They handle everything from designing tools in-house to simulating designs, creating prototypes, and manufacturing. All these skills give them a leg up in terms of quality, cost, and speedy delivery.

Financial Overview

AAL is the big shot in India when it comes to making brake shoes and advanced braking systems. 2W giants like HeroMotocorp, TVS, and Bajaj love teaming up with them. They've been doing pretty well, with their sales growing steadily. Yeah, they hit a little bump in profits for FY22—blame it on the global chaos from the pandemic. Looking ahead to FY24, it seems like their earnings are already factored into the price. If you're thinking of investing, maybe consider playing the long game for some sweet rewards down the road. It's like picking a horse for the long race in the investment derby.