What’s new

• FY27 revenue guidance is for mid-teens growth, driven by new alloy wheel and sunroof product launches from the second half.
• The company is committing ₹400 crore in capex to build out capacity for these higher-value components.
• Alloy wheel revenue is expected to hit ₹90-100 crore in FY27 and ramp to ₹220 crore the following year.

Why it matters

The guidance is coupled with a clear capital allocation plan. Exiting the low-margin business cleans the P&L, and the ₹400 crore spend defines where the next growth comes from. The two moves are linked.

What we’re watching

• Timeline and execution for deploying the ₹400 crore in new capacity.
• Second-half sales of the new alloy wheel and sunroof products.
• How the 4-percentage-point base effect impacts reported growth rates once the wheel assembly exit is fully lapped.

The full read

ASK Automotive is funding its next chapter. Management guided for mid-teens revenue growth in FY27, tied to new alloy wheel and sunroof products launching in the second half. The company will spend ₹400 crore on capex to build capacity for these lines. It has also completed its exit from the low-margin wheel assembly business, a move that will make reported growth appear 4 percentage points higher from FY27 onwards. The near-term target is ₹90-100 crore from alloy wheels this year, with a ramp to ₹220 crore in FY28. The call presented a clear sequence: clean the margin profile with the wheel assembly exit, then deploy capital into the higher-value portfolio. The capex figure gives that plan a price tag.

Primary source: BSE · NSE