Established in 1992, ASM Technologies Ltd is a publicly listed company in India with global presence in USA, Singapore, UK, Canada, Mexico and Japan. With over two decades of experience, ASM has been providing world class consulting and products development services in the areas of Engineering services and product R&D with successful offshore development & support centers in India and overseas for its global clientele. It has 100+ co-created products, 1,000+ product releases, 2,00,000+ parts engineered and 1,00,000 test automated. ASM is one of India’s most reliable names in the field of technological services, providing top notch solutions for engineering and product development.
ASM Deals in:
1)Automotive:
ASM provides engineering and software based services to automotive industry from the initial stages of company formation. It provides Advance driver assistance systems (ADAS), autonomous vehicle solutions, light weight chassis, EV charging ports, indigenous transmission systems, light weight body, software based digital dashboard/control panel, engine cooling systems, GPS, steering and suspension, anti-braking system, interior of car, sensors, locks, digital safety services like collision avoidance, lane crossing warnings, alerts on pedestrian, driver –visual, voice over and sign board identification, vehicle parameters, apps and system developments for ADAS, software and technical systems for autonomous vehicles, navigation control, software and technology of electric vehicles and many other such latest software related technology in automotive industry.
2) Battery:
In batteries it deals in Battery swapping mechanism, and battery packaging.
3) Avionics:
It deals in development of embedded software for air supply control system of aircrafts, MIO software integration and debugging.
3) Hi-Tech:
It deals in Designs of enterprise high capacity/performance storage, designs of satellite terrestrial and IP set top boxes, designs of multi board signal integrity analysis.
4) Semiconductors:
It deals in designs and engineering work of semiconductors. There are only two listed companies in India which deals in design and engineering work of semiconductor and ASM Technology is one of them.
5) Medical:
It deals in controller of wheel chair and other medical equipments, patient assistance equipment controller, motion system for x-ray unit, software related solutions in health care sector.
6) Automation:
It produces software based solutions for automation in almost every sector, it also deals in designs and developments of Robots.
7) Cyber Security:
It provides services to protect from adaptive threat hunt, ransomware, internal threats.
8) Gaming:
It Provides virtual reality applications, content development in VR, 3D graphics and animation, gamification.
9) Product R&D:
It does product research and development of lithium ion batteries, pouch cells, cylindrical cells.
10) Wireless:
It Provides architecture, designs, implementation, and end to end support of cloud based wi-fi solutions. Over the years, ASM assisted some of the largest wireless LAN organizations achieve their goals quicker and better. Having amassed wide spread industry experience and strong technical know-how, ASM helped businesses develop enhanced cloud-based Wi-Fi solutions which has the capability of scaling to more than 50,000 access points.
11) AI:
It provide AI related solutions to almost every industry.
12) IoT.
SECTOR STUDY:
1)IT:
India’s IT industry is increasingly focusing on digital opportunities as digital is poised to be major segment in the next few years. Indian tech industry’s performance is an indication of resilience and readiness to take on the new virtual world. At an estimated $194 billion, the sector is set to add $4 billion in revenues in 2021. It is also expected to add 1,38,000 employees to reach a total direct employment of 4.47 million, and will contribute 52% to overall services exports. IT services itself is nearing the $100 billion mark backed by a strong deals pipeline and strong digital tailwind. Domestic spend has kept momentum, estimated to grow by 3.4% in FY2021 to clock $45 billion, backed by sustained demand for robust, connected and secure infrastructure. Domestic demand is set to leapfrog exports growth in FY2021, by nearly 2X. At 28-30% of industry revenue, digital revenues are the true growth story, clocking 5X the rate of overall service growth.
2) Semiconductor:
The global semiconductor industry is projected to grow from USD 452.25 billion in 2021 to USD 803.15 billion in 2028 at a CAGR of 8.6%. Semiconductor industry is expected to be driven by the huge and growing demand for powerful AI applications from automotive markets. Automakers are pushing forward with driverless vehicles, ADAS and graphics processing units (GPU’s) which is estimated to boost the semiconductor market size. Now a days semiconductor has become a daily necessity, it is used in almost every thing that we used daily like mobiles, electronic devices, cars, home appliances etc. In world everyday new generations are born and so do the new technologies will also be born. Earlier revolution in world was brought by industries so it was called industrial revolution but the next revolution in the world will be brought by technologies. It will be called technology revolution. More the technologies more the use of semiconductors. Without semiconductor no new technologies can be build.
Semiconductor Design Market:
Semiconductor Design Market In India
| Year | Market Size (U.S $ Billion) |
| 2015 | 14.5 |
| 2020 | 52.58 |
Semiconductor design market in India is growing at a CAGR of 29.4%. India has very strong growing electronic system design manufacturing industry. India has a strong design base with more than 120 units. In India nearly 2,000 chips are being design every year in India and more than 20,000 engineers are working on various aspect of chip design and verification.
Shortage of Semiconductor:
When the pandemic spread around the world in the spring of 2020, carmakers were forced to temporarily shut down production lines. Anticipating a market slowdown that would last some months, they cancelled orders for chips used in cars. Due to this even chip manufacturer halted the production of chips. But car sales bounced back faster than expected in the third quarter last year and car markers tried to ramp up production again and all car makers gave orders for chips to chip manufactures but chip factories could not respond fast enough since all car markers gave orders at a same time and there are limited chip manufacturers in the world. So basically it’s a demand supply gap. And shortage of chip may last for nearly 2-3 years or till the world does not sees normalcy.
Semiconductor Industry Revenues forecast Worldwide, from 2016 to 2024 (in billion U.S Dollars):
| Year | Revenue |
| 2016 | 463.5 |
| 2017 | 499 |
| 2018 | 536 |
| 2019 | 577 |
| 2020 | 621 |
| 2021 | 668 |
| 2022 | 718 |
| 2023 | 773 |
| 2024 | 831.5 |
Semiconductor market size worldwide in 2019 and 2024, by application(in billion U.S. dollars):
| Segments | 2019 | 2024 |
| Smartphone | 106 | 155 |
| Personal computing | 86 | 99 |
| Consumer electronics | 42 | 61 |
| Automotive | 41 | 65 |
| Industrial electronics | 49 | 71 |
| Wired and wireless infrastructure | 34 | 45 |
| Servers, data centers, and storage | 61 | 102 |
3) Battery Swapping:
The rise in electric vehicle demand, scarcity of public charging facilities, and less time required for electric vehicle charging will drive the growth of the global electric vehicle battery swapping market. The global EV battery swapping market was pegged at USD 100.8 million in 2020, and is estimated to reach at USD852.59 million by 2030 growing at CAGR of 24.4%. Pay per use model segment is estimated to register the highest CAGR of 26.9% from 2021-2030. By vehicle type, highest share of battery swapping will come from two wheelers since Electric two wheelers are expected to grow at CAGR of 25% from 2020-2027.
In 2020, the global demand for EV batteries was at around 110 gigawatt hours. This value is expected to increase drastically on global scale, with a predicted demand of 6,530 gigawatt hours in 2050, which is about 600 times the value.
Forecasted Electric Vehicle Battery Demand worldwide 2020-2025 (in gigawatt hours):
| Year | Battery Demand |
| 2020 | 110 |
| 2025 | 650 |
| 2030 | 1,910 |
| 2035 | 3,860 |
| 2040 | 5,910 |
| 2045 | 6,210 |
| 2050 | 6,530 |
Indian Battery Swapping Market:
In India battery swapping market is predicted to generate a revenue of USD 6.1 million by 2030 growing at CAGR of 31.3%. The increasing deployment of electric ricksaws, surging sales of electric scooters and their adoption in various B2B services such as moto-taxi and scooter sharing, mushrooming adoption of electric buses in public transit fleets and burgeoning usage of electric cars in ride hailing services are creating ample opportunities for battery swapping industry. The three wheeler category is predicted to dominate the market in the future, under the vehicle type segment, with a share of over 90%. The battery swapping technology augments the daily operational hours of electric three wheelers. These vehicles are used for ferrying passengers, which is why they run more than 100 km daily on average, therefore they required regular battery charging. As replacing the batteries leads to shorter downtime than conventional charging methods, the rising popularity of this technology among the e-ricksaw operators in India is propelling the Indian EV battery swapping market.
4) EV Charging:
India’s EV charging station market is expected to grow at a CAGR of 41.2% from 2019 to 2025. Electric vehicle battery market is expected to grow at CAGR of 60.15%. The government of India has set a target for 30% adoption of electric vehicles by 2030. To fulfill this target government will need an investment of around USD 180 billion. NITI Aayog states that 70% of all commercial cars, 30% of private cars, 40% of buses and 80% of two wheelers and three wheelers sales would be electric by end of 2030. To meet this target India would need about 15-20 lakh charging station by 2030.
Global EV charging station is expected to grow at CAGR of 48.3% during 2020-2027 and expected to reach 1,09,290.84 million by 2027.
5) Artificial Intelligence (AI):
The global AI market is expected to grow from USD 58.3 billion in 2021 to USD 309.6 billion by 2026 growing at a CAGR of 39.7%. AI is also used to every sector to reduce the time of operations and to do things smoothly. AI has and will transform the sectors like healthcare, telecom, automobiles, retail, travel and hospitality, digital media, technology and many more.
Overview of the Artificial Intelligence Market in India:
AI market share in India in 2020, by industry (figures in Percentage):
| Industry | Market Share |
| IT Services | 41.1 |
| Technology | 23.3 |
| BFSI | 9.6 |
| Engineering | 6 |
| Retail | 5 |
| Energy, mining and metals | 2.3 |
| Telecom | 2.2 |
| Automotive | 2.1 |
| Research | 2 |
| Healthcare | 1.9 |
| Travel and Hospitality | 1.4 |
| Digital Media | 1.2 |
Market Size by Company type (Figures in $ Million):
| Segment | Market size |
| MNC IT/tech/electronics | 2314.3 |
| Domestic IT | 1619.3 |
| Captive | 564.1 |
| Domestic firms | 451.9 |
| MNC Engineering | 371.6 |
| E-commerce | 305.1 |
| Boutique AI and Analytics | 215.1 |
| PSU/Public research | 371.6 |
| Consulting | 132.6 |
| MNC other | 111.9 |
| Startups | 85.2 |
Segment wise AI market share and value:
a)MNC IT, Technology, semiconductor, electromics:
In terms of segment type the broad based MNC IT, technology and electronics category has the highest share of the AI market at 36.2% and $2314.3 million in terms of market value.
b) Domestic IT:
The broad MNC tech company is followed by Domestic IT company type which has a 25.4% of AI share at a value of $1619.3 million.
c) Capative:
The capative category has an 8.8% AI market share at a value of $564.1 million.
d) Domestic firms:
Domestic firms have a collective AI market share of 7.1% at a market value of 451.9 million.
e) MNC Engineering:
The MNC Engineering category has a market contribution of $371.6 million, with a market share of 5.8%.
f) E-Commerce:
E-commerce segment has AI share of 4.8% with a market value of $305.1 million. AI market within the e-commerce category has the potential to grow to $2.75 billion within the next decade.
g) Boutique AI & Analytics:
Boutoque AI & Analytics has AI market share of 3.4%, at a market value of $215.1 million.
h) PSU and Government research:
PSU and Government research has a AI market share of 3.4% which is valued at $214.4 million.
i)Consulting:
Consulting sector has AI market share of 2.1% which is valued at $132.6 million.
j) Startups:
Startups has AI market share of 1.3% which is valued at $85.2 million.
k) AI in Automotive:
Automotive sector contributes $133.9 million in terms of Value and 2.1% in terms of market share in AI.
l) Telecom:
Telecom sector contributes $138 million to the AI market with a market share of 2.2%.
m) Education:
Education sector contribures $126 million to AI market with market share of 2%.
n) Pharma and Healthcare:
Pharma and Healthcare sector contributes $120.3 million in AI with a market share of 1,9%.
o) Travel and Hospitality:
Travel and hospitality contributes $92.6 million in AI with market share of 1.4%
p) Digital media:
Digital Media sector contributes $73.9 million in AI with market share of 1.2%.
q) FMCG:
FMCG sector contributes $55.2 million in AI with market share of 0.9%.
The entire Indian AI market is expected to grow from $6.8 billion in 2020 to $11.4 billion in 2025 growing at a CAGR of 13.8% and ASM Technologies is a leading player for providing AI facilities and solutions.
6) Automotive electronics:
Global Automotive Electronic Market size:
| Particulars | Details |
| Market Size value in 2021 | US$230.02 billion |
| Market size expected in 2028 | US$392.49 billion |
| Growth Rate | CAGR of 7.9% |
The global automotive electronics market will grow from $217.86 billion in 2020 to $392.49 billion in 2028 growing at CAGR of 7.9%. Electronic components in the automotive accounts for around 35% of total vehicle cost and is expected for around 50% of the total vehicle cost by 2030. Carrying devices segment accounts for 41% in 2020. The sensor segment is projected to register a CAGR of 4% from 2021 to 2028. The safety system segment accounts for 29% of overall market in 2020. The Advance driver assistance system (ADAS) is estimated to grow at 10.6% CAGR from 2021 to 2028. ASM Technologies designs and provides all such services to automobile industry. Asia Pacific market accounted for the largest revenue share of over 40% in 2020.
Indian Auto Components Market Size:
India is one of the most promising global automotive markets, and the size of India’s auto component industry is $57 billon.
Top Auto components Manufactured in India (Figures in %):
| Segment | Contribution |
| Suspensions system | 10.89 of total companies |
| Equipment & Interior | 10.74% of total companies |
| Body and Chassis | 7.31 of total companies |
| Engine and Transmission | 36.82 of total companies |
| Others | 24.79% of total companies |
7) Automotive Software:
Global Automotive software was valued at USD 17.98 billion in 2018 and is projected to reach USD 67.70 billion by 2026, growing at a CAGR of 18.04%.
Global Automotive software Market Size:
| Particulars | Details |
| Market Size Value in 2018 | US$17.98 |
| Market Size Value in 2026 | US$67.69 |
| Growth Rate | CAGR of 18.04% |
Automotive software has been used in vehicles not only for improving dashboard displays but for ensuring safety of the operator and other passengers as well. The use of automotive software in cars allows for more intricate system while increasing functionality without raising costs and it also determines the proper operation of controls, protection and computerized systems, and hence helping motor vehicle run more smoothly. Autonomous cars runs on automotive software without it, car cannot run. The demand for automotive software is expected to propel due to the advent of technologies such as autonomous driving and IoT. ASM Technologies provides automotive software.
8) Automotive:
Global automotive industry revenue between 2017 and 2030 (figures in US$ Billion):
| Year | Revenue |
| 2017 | 5,315 |
| 2030 | 8,931 |
India Automotive Market Size:
| Particulars | Details |
| Market demand volume in 2020 | 32,76,677 units |
| Market demand volume expected in 2027 | 69,20,991 units |
| Growth rate | CAGR of 11.3% from 2020 to 2027 |
The Indian automotive market was pegged at 42,66,062 units in 2019 and is expected to reach 69,20,991 units in 2027. The market is expected to expand at CAGR of 11.3% from 2020-2027.
8) Cybersecurity:
The global Cybersecurity market size is projected to grow from USD 217.9 billion in 2021 to USD 345.4 billion by 2026, recording a CAGR of 9.7%. Admist the Covid-19 pandemic crisis, various government and regulatory authorities mandate both public and private organizations to embrace new practices for working remotely and maintaining social distancing. Since then, the digital ways of doing business became the new business continuity plan for various organizations. Work from home trend and internet penetration across the globe, individuals are progressively inclined towards the use of digital technologies such as cloud solutions, all such has increase the need for cybersecurity measures for protection against cyber attacks.
Indian Cybersecurity Market:
Value of cyber security market in India in 2019, with estimates until 2025 (Figures in Billion Indian Rupees):
| Year | Value of Market |
| 2019 | 139.24 |
| 2020 | 160.88 |
| 2021 | 185.97 |
| 2022 | 215.09 |
| 2023 | 238.46 |
| 2024 | 263.73 |
| 2025 | 288.99 |
The Indian cybersecurity services industry is expected to grow to about $7.6 billion in 2022 from $4.3 billion at present. Growing at CAGR of 21%, it is expected to be worth $13.6 billion by 2025. ASM Technology is a well known company that provides cybersecurity facilities.
9) Industrial Automation:
The global industrial automation market share is projected to reach USD 326.14 billion by 2027 from USD 168.81 billion in 2019 growing at a CAGR of 8.9%.
Global industrial automation market size from 2019-2027 (Figures in billion U.S Dollars):
| Year | Market Size |
| 2019 | 169 |
| 2020 | 185 |
| 2021 | 200 |
| 2022 | 220 |
| 2023 | 252 |
| 2024 | 271 |
| 2025 | 298 |
| 2026 | 334 |
| 2027 | 361 |
ASM Technology is a well known company that provides solutions and technologies for Industrial automation.
FORMS AND GEARS:
Forms and gears is a 48 year old fixture building company based out in Chennai, India. The company has a world class, state of the art fixture building facilities and supplies fixtures to the world’s leading Automobile, machine tools and companies in other sectors. Two years back ASM technologies acquired 70% stake in Forms and gears. At present Forms and gears along with ASM Technologies provides turnkey solutions with cutting tools, fixtures and automation to clients across industrial segments such as automotive and tractor OEMs, generator manufacturers, engine testing companies and other special purpose machines, among others. At present company has manufacturing facility in Chennai, with a capacity to produce 500 fixtures annually to meet the demand for both domestics and overseas market. Besides providing complete turnkey solutions to domestic OEMs including Tata motors, Ashok Leyland, Mahindra and Mahindra, Volvo Eicher, Escorts, Sonalika, Maruti Suzuki and TVS among others, it export to 10 international markets such as China, Japan, Turkey, Indonesia.
To capture new opportunities, company is also setting up new plant for automation in Chennai. To provide automation for laptops and mobile industry company has recently executed a plant in Thailand. Recently company received order from an Italian machine maker for engine block and head fixtures. This is prestigious order since company first time received order from an Italian company. ASM also received orders for special fixtures from the world’s largest charger manufacturer. Company also received order from an Indian consumer electronics company that sell earpords, travel charger, headphones etc for design and manufacturing of fixtures for their ear dope cases. Machines and special equipment makers from Malaysia, China, USA, Switzerland, Germany and Japan has approached ASM Technologies to provide service support for their installation at electronics manufacturing facilities in India and Thailand. ASM is also hoping to expand these services to Vietnam Shortly. All these shows company can become leading player in automation industry. As world is moving towards automation to reduce cost and increase production, players of all sectors will used automated machines and technologies, so there will be tremendous growth opportunity for ASM Technologies.
SMARTFIX 4.0 the world’s first Industry 4.0 for fixtures, from Forms and gears:
Forms & Gears, Asia’s leading fixture builder has introduced ‘SmartFix 4.0’ which is the world’s first ever Industry 4.0 solution for Fixtures and Workholding. Industry 4.0 is commonly referred to as the fourth industrial revolution. It is the ability of machines, devices, sensors and people to connect and communicate with each other via the Internet Of Things. SmartFix4.0 is that revolution in the Fixture building business. SmartFix4.0 is jointly developed by Forms and Gears, one of India’s oldest and largest fixture building companies and ASM Technologies. SmartFix4.0 is a Precision Workholding Device with the ability to collect, transmit and analyse data in a useful format for the end-user.
Developed for the first time in the world, it takes Workholding devices and Fixtures into the digital and cyber space. As the Fixture is in continuous contact with the component, it is the ideal device to collect and analyse data at the component level. Sensors to monitor vibration, pressure, sequence of clamping, component presence, etc are mounted on the fixture. And sensors to monitor oil levels, oil contamination and temperature are mounted on the powerpack. The high volume of data collected from these sensors are continuously transmitted wirelessly to the cloud where it is parsed and stored for analysis. The raw data is then analysed using Data Analytics and Artificial Intelligence tools and sent back to a custom-built Dash- board of the end user, which resembles their factory floor, showing all the machines in action as well as a quick summary on the health of each machine, fixture and powerpack.
Over the last 48 years, company have seen seismic shifts in manufacturing. company used to do Workholding for conventional machines in the 70s which slowly transformed to Fixtures for indigenous Machining Centers to advanced Workholding solutions for high-speed imported Machining Centers. To keep up with the advancements in the Machine Tool and Cutting Tool technology, Workholding technology has also to keep pace so that the capability of the machines and the tools can be fully utilized. Over the last few years company came to the conclusion that the next revolution in Workholding would be to make fixtures smarter by making them IoT- and Industry 4.0-enabled and that’s how company came up with SmartFix 4.0. Smartfix 4.0 can also be used on existing fixtures, test rigs and special equipment also making it a very flexible and easily adaptable system. Forms & Gears has done branding for Smartfix 4.0 on the Aston Martin GT4 race car in Europe in 2019 and 2020.
AUTOMOBILE REVOLUTION:
Earlier people use to see only average and mileage while purchasing a car because there were new features at that time but now people see new features while purchasing a car. At present around 60-70% of car is made of features and software connected. Not a single car comes without software and technologies like IoT, digital dash board, GPS, Internet connection to connect it with mobile, safety technology, sensors, ADAS and all other such technologies. Earlier there were old phones but now we have smart phones. Same is in automobiles. Earlier we had traditional cars mostly focused on average and mileage, but now its focused on features, technologies and software. So basically this revolution in automobiles is called smart cars. Even in many EVs there is AI for range and charge prediction, anti-theft feature, software to collect data of car for safety purpose to check the heat produce by battery since there is no vibration and sound in EV.
So in last 2-3 years there is competition in car manufacturers in terms of features and technologies and not in terms of average and mileage. Earlier all above mention features of cars were only present in costly cars like BMW, MERC and other luxurious cars. But due to competition based on features and technologies, many budget car companies like KIA, Hyundia has started giving all above mentioned latest features and technologies in car priced in range of Rs 14-17 lakhs. In short there is competition like who gives more features and technologies in low budget. And ASM Technologies is leading player in providing above mentioned all latest features and technologies to automobile manufacturers.
ACQUISITIONS AND PARTNERSHIPS:
1)ASM Technologies is setting up a center of Excellence (CoE) for software defined networking, in partnership with Lavelle Networks, an Indian enterprise networking solution company. The potential for SD-WAN in emerging economies, and the massive public and private sector digital transformation initiatives have created the need for rapid innovation and agile software development. The new CoE will solve networking technology problems to drive better and better results for application experience in a rapidly digitizing customer landscape. SD-WAN market is still at a nascent stage, it is expected to become a multi-billion opportunity globally by 2023.
2) ASM Technology has acquired Semcon’s offshore dekivery center in India. Semcon, headquartered in Sweden is an international technology company that helps customers in transforming technology into excellent user experience by uniting premium physical and digital solutions. Semcon works with a large number of clients in the automotive industry, energy and life science sectors. With acquisition, ASM Technology will benefit from a combined talent pool with domain expertise in diverse industry verticals. ASM will build both scale and competence, relevant to the automotive industry as it transitions to new propulsion systems and ever increasing levels of driver assistance and autonomy. ASM and Semcon have entered into global cooperation agreement to provide Semcon continued access to India’s unrivalled scale and capability base for engineering services. ASM will also deliver services to Scandinavian market leveraging Semcon’s customer facing team. Both the companies will collaborate to scale by reciprocal access to a combined talent pool and strong capabilities in key areas such as Product design and R&D, embedded and electronics, value engineering, digital engineering and manufacturing engineering.
3) ASM Technology has done partnership with Netherland based EclecticIQ, a world leading threat intelligence, hunting and response technology company, for EclecticIQ endpoint response, an endpoint detection & response technology. This enables ASM Technologies to foray into the cybersecurity managed services space with a robust new EDR Offering.
Scaling Up Digital Engineering Initiatives:
In future, Digital Engineering will be a key business imperative across everything company does, whether it’s in Product R&D, Engineering Services, Design led manufacturing engineering or any of our other lines of business. ASM Technologies is increasing its focus on Internet of Things (IoT), Big Data, Artificial Intelligence (AI), Machine Learning (ML), Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Mobile Applications, Cloud, Virtualization, Networking, Cybersecurity and Industry 4.0 (Smart Manufacturing . Management of ASM believe that they are in an excellent position to take advantage of these opportunities, not only to improve our own prospects, but to better serve the customers and stakeholders who rely on their capabilities.
In the coming years, ASM will also scale up its investments in many other cutting-edge technologies where we foresee strong demand including: Product R&D, Engineering Services, and Design-led Manufacturing.
Company also see continued demand from the massive Digital Transformation, this has resulted in increased demand in its industry verticals – Semiconductor Engineering, Networking, Cybersecurity, Wireless and Automotive.
FINANCIALS:
| 2019-2020 | 2020-2021 | |
| Income from software services and products | 838.40 | 1132.17 |
| Other operating income | 39 | 34.56 |
| Expenses: | ||
| Employee benefits expense | 596.56 | 730.27 |
| Finance cost | 9.98 | 18.93 |
| Depreciation | 22.41 | 10.07 |
| Other expense | 224.06 | 227.86 |
| Profit/(loss) before tax | 24.39 | 179.60 |
| Current tax | 7.64 | 44.95 |
| Deferred Tax income/expense | 7.66 | 0.98 |
| Profit/(loss) for the year | 10.90 | 126.53 |
On the standalone front company registered a total revenue of Rs.1132.17 Mn for the year ended 31st March 2021.
Domestic sales was Rs.281.28 Mn while Export sales was Rs. 850.89 Mn. EBIDTA was at Rs. 208.60 Mn and Net profit after tax was Rs.126.53 Mn.
The Consolidated total revenue for the year ended 31st March 2021 was Rs.1373.88 Mn. EBIDTA was at Rs. 201.49 Mn and Net Profit after tax at Rs.86.01 Mn.
ASM Technologies has market cap of Rs 276.30 crore and its CMP is Rs 276.30. Means company has total 1crore shares. Out of these 1crore shares promoter holds around 62 lakh shares. So only 38 lakh shares are free float. Company’s EPS is Rs 8.69, ROE% is 15.13%, ROCE is 23.79%, 3 years sales CAGR is 18.47%, 3 year net Profit CAGR is 124.51%. Dividend: Rs 3-4 every year plus company is almost debt free.
I started to tweet about ASM Technologies on my Twitter handle Pritesh7994 on 14th June 2021 at Rs 132 and from there it reached high of Rs 306.85. Current correction in ASM was just profit booking. So even today I prefer buy call on ASM Technology at CMP of Rs 276.30 on 22nd July, 2021.