Automotive Stampings and Assemblies Limited (ASAL) — Quarter ended March 31, 2026 and year ended March 31, 2026
Automotive Stampings and Assemblies Limited
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
(INR in Lakhs except earnings per share)
| Sl. No. | Particulars | Quarter Ended | Year Ended |
|---|---|---|---|
| March 31, 2026 (Refer Note 2) | December 31, 2025 (Unaudited) | ||
| March 31, 2025 (Refer Note 2) | March 31, 2026 (Audited) | ||
| March 31, 2025 (Audited) | |||
| 1 | Income | ||
| Revenue from operations | 25,555.05 | 25,012.76 | |
| Other income | 55.28 | 7.87 | |
| Total income | 25,610.33 | 25,020.63 | |
| 2 | Expenses | ||
| a) Cost of materials consumed | 16,787.57 | 18,773.38 | |
| b) Changes in inventories of finished goods and work-in-progress | 1,606.92 | (722.38) | |
| c) Employee benefits expense | 1,447.14 | 1,380.47 | |
| d) Finance costs | 316.09 | 358.32 | |
| e) Depreciation and amortisation expense | 484.99 | 489.92 | |
| f) Other expenses | 3,893.93 | 3,886.03 | |
| Total expenses | 24,536.64 | 24,165.74 | |
| 3 | Profit Before Exceptional item and Tax (1-2) | 1,073.69 | 854.89 |
| 4 | Exceptional Item (Note 6) | – | 108.14 |
| 5 | Profit before tax (3-4) | 1,073.69 | 746.75 |
| 6 | Tax expense | ||
| Current tax | – | – | |
| Deferred tax | (253.95) | – | |
| 7 | Profit for the period / year (5-6) | 1,327.64 | 746.75 |
| 8 | Other comprehensive income | ||
| A. Items that will not be reclassified to profit or loss | 8.29 | (45.88) | |
| B. Income tax relating to items that will not be reclassified to profit or loss | 1.97 | – | |
| Total other comprehensive income/(loss) (Net of tax) | 10.26 | (45.88) | |
| 9 | Total comprehensive income for the period / year (7+8) | 1,337.90 | 700.87 |
| 10 | Paid-up equity share capital : (Face value INR 10/-) | 1,586.44 | 1,586.44 |
| 11 | Other Equity | – | – |
| 12 | Earning per share (of INR 10/- each) (not annualised for the quarters) | ||
| Basic: INR | 8.37 | 4.71 | |
| Diluted: INR | 8.37 | 4.71 |
Automotive Stampings and Assemblies Limited
Balance Sheet
(All figures in INR Lakhs, unless otherwise stated)
| Description | Notes | As at Mar 31, 2026 | As at Mar 31, 2025 |
|---|---|---|---|
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 5 | 7,282.12 | 8,355.52 |
| Capital work-in-progress | 5 | 118.57 | 49.64 |
| Right-of-use assets | 6 | 2,872.50 | 3,428.32 |
| Other Intangible assets | 7 | 63.34 | 40.74 |
| Financial assets | |||
| (i) Other financial assets | 8 | 225.40 | 183.56 |
| Deferred tax assets (net) | 9 | 255.92 | |
| Other tax asset (net) | 10 | 279.28 | 266.40 |
| Other non-current assets | 11 | 219.32 | 125.28 |
| Total non-current assets | 11,316.45 | 12,449.46 | |
| Current assets | |||
| Inventories | 12 | 8,364.82 | 5,488.18 |
| Financial assets | |||
| (i) Trade receivables | 13 | 9,726.99 | 9,034.85 |
| (ii) Cash and cash equivalents | 14 | 1,897.67 | 440.27 |
| (iii) Other financial assets | 8 | 1,176.47 | 837.48 |
| Other current assets | 15 | 1,048.70 | 1,180.18 |
| Total current assets | 22,214.65 | 16,980.96 | |
| Total assets | 33,531.10 | 29,430.42 | |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Equity share capital | 16 | 1,586.44 | 1,586.44 |
| Other equity | 17 | 2,029.66 | (712.89) |
| Total equity | 3,616.10 | 873.55 | |
| Liabilities | |||
| Non-current liabilities | |||
| Financial liabilities | |||
| (i) Lease liabilities | 6 | 4,533.40 | 4,951.37 |
| (ii) Other financial liabilities | 18 | 8.33 | – |
| Provisions | 19 | 823.65 | 607.53 |
| Total non-current liabilities | 5,365.38 | 5,558.90 | |
| Current liabilities | |||
| Financial liabilities | |||
| (i) Borrowings | 20 | 7,027.56 | 8,987.63 |
| (ii) Lease liabilities | 6 | 877.04 | 930.08 |
| (iii) Trade payables | 21 | ||
| (a) total outstanding dues of micro enterprises and small enterprises; and | 2,145.83 | 1,377.06 | |
| (b) total outstanding dues of creditors other than micro enterprises and small enterprises | 11,612.52 | 8,719.79 | |
| (iv) Other financial liabilities | 22 | 1,531.88 | 1,026.24 |
| Other current liabilities | 23 | 1,259.75 | 1,872.55 |
| Provisions | 19 | 95.04 | 84.62 |
| Total current liabilities | 24,549.62 | 22,997.97 | |
| Total liabilities | 29,915.00 | 28,556.87 | |
| Total equity and liabilities | 33,531.10 | 29,430.42 |
Automotive Stampings and Assemblies Limited
Cash Flow Statement
(All figures in INR Lakhs, unless otherwise stated)
| Description | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax for the year | 2,513.73 | 1,677.89 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 1,978.89 | 1,967.77 |
| Net (Gain) on disposal of property, plant and equipment | (14.12) | (92.21) |
| Provision for tax contingencies and doubtful debts written back | – | (142.05) |
| Finance costs | 1,414.90 | 1,489.52 |
| Interest income on income tax refund | (4.30) | (7.42) |
| Interest income from financial assets carried at amortised cost | (13.36) | (23.04) |
| Net (Gain) on Forex transactions | 3.62 | – |
| Total adjustments | 5,879.36 | 4,870.46 |
| Working Capital adjustments: | ||
| Increase in trade receivables | (692.14) | (1,884.25) |
| Decrease / (Increase) in inventories | (2,876.64) | 1,145.24 |
| (Decrease) / Increase in trade payables | 3,657.89 | (5,024.76) |
| (Increase)/ Decrease in other non-current financial assets | (28.48) | 6.76 |
| (Increase)/Decrease in other current financial assets | (338.99) | 79.56 |
| (Increase)/Decrease in other non-current assets | (26.01) | 186.88 |
| (Increase) / Decrease in other current assets | 131.47 | (23.05) |
| Increase in non-current provisions | 189.01 | 61.21 |
| Increase in current provisions | 10.42 | 50.93 |
| (Decrease) / Increase in other current liabilities | (612.80) | (587.33) |
| Increase / (Decrease) in other non current financial liabilities | 8.33 | – |
| Increase / (Decrease) in other current financial liabilities | 608.94 | 509.32 |
| Net Working Capital adjustment total | 31.00 | (5,479.53) |
| Cash generated from operating activities | 5,910.36 | (609.07) |
| Income taxes paid (net of refund, if any) | (12.88) | (62.87) |
| Net cash from operating activities (A) | 5,897.48 | (671.94) |
| B. Cash flow from investing activities | ||
| Acquisition of property, plant and equipment | (711.68) | (1,654.13) |
| Proceeds from sale of property, plant and equipment | 133.20 | 97.00 |
| Interest received | 4.30 | 7.42 |
| Net cash used in investing activities (B) | (574.18) | (1,549.71) |
| C. Cash flow from financing activities | ||
| Interest paid | (975.73) | (1,021.34) |
| Interest of lease liabilities | (459.08) | (893.13) |
| Payment of lease liabilities | (471.01) | – |
| Proceeds from borrowings | – | 4,788.38 |
| Repayment of borrowings | (1,960.08) | (400.00) |
| Net cash used in financing activities (C) | (3,865.90) | 2,473.91 |
| Net increase / decrease in cash and cash equivalents | 1,457.40 | 252.26 |
| Cash and cash equivalents at April 1 (Opening Balance) | 440.27 | 188.01 |
| Cash and cash equivalents at March 31 (Closing balance) | 1,897.67 | 440.27 |
| Cash and cash equivalents as per above comprise of the following: | ||
| Description | Year ended March 31, 2026 | Year ended March 31, 2025 |
| Cash on hand | 0.29 | 0.29 |
| Balances with banks | 1,897.38 | 439.98 |
| Total | 1,897.67 | 440.27 |
Automotive Stampings and Assemblies Limited
Annexure II
Re-appointment of Cost Auditor and Internal Auditor of the Company
| Sr. No. | Particulars | M/s. Harshad S Deshpande and Associates | M/s. Ernst & Young LLP |
|---|---|---|---|
| 1. | Reason for change viz. re-appointment | Re-appointment of M/s. Harshad S Deshpande and Associates, Cost Accountants, Pune, as the Cost Auditors of the Company for the Financial Year 2026-27 | Re-appointment of M/s. Ernst & Young LLP, Pune, as the Internal Auditors of the Company for the Financial Year 2026-27 |
| 2. | Date of re-appointment & term of appointment | Re-appointment of M/s. Harshad S Deshpande and Associates, Cost Accountants, as the Cost Auditors shall be for F.Y. 2026-2027 | Re-appointment of M/s. Ernst & Young LLP, as the Internal Auditors of the Company shall be for the Financial Year 2026-27 |
| 3. | Brief profile (in case of appointment) | Mr. Harshad Deshpande started his practice as a Cost Consultant in the year 2003. The firm intends to diversify its expertise into different domains, expanding into a global customer community. The Company is engaged in the business of offering consultancy in the field of Cost and Management Accounting, Financial Management, Direct & Indirect Taxation, Customs, Anti-Dumping and other finance related consultancy services. The firm has earned a good reputation its domain of Cost & Management consultancy, Direct & Indirect Taxation. The firm has the ability to align its business with customer’s requirement. | EY India’s Advisory practice helps organizations drive transformation, manage risk, and unlock growth by combining strategy, technology, and people-focused solutions. It offers services in business transformation, digital innovation, risk and compliance, and workforce advisory. With global expertise tailored to the Indian market, EY supports clients in building resilience, enhancing efficiency, and creating long-term sustainable value. |