Ashoka Buildcon Ltd

Ashoka Buildcon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashoka Buildcon Ltd

₹ 211 4.07%
23 May - close price
ashokabuildcon.com BSE: 533271 NSE: ASHOKA
About

Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix concrete).[1]

Key Points

Business Segments
1) Construction Contract (63% in 9M FY25 vs 55% in FY23): [1][2]
The company undertakes engineering, procurement, and construction (EPC) of road, rail, power projects, etc. It is a Fortune India 500 company and one of the leading highway developers in India. [3] As of 9M FY25, the company has constructed 14,000+ lane km of highways and electrified 30,000+ villages through power T&D projects. Additionally, it has completed 750+ Tkms of overhead electrification, linked 170+ Tkms of railway tracks, laid 32,000 km of optical fiber, and built 10+ Mn sq. ft. of buildings. [4] [5]

Website BSE NSE
  • Market Cap ₹ 5,928 Cr.
  • Current Price ₹ 211
  • High / Low ₹ 319 / 158
  • Stock P/E 30.1
  • Book Value ₹ 139
  • Dividend Yield 0.00 %
  • ROCE 10.9 %
  • ROE 5.17 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.15% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,595 1,479 1,280 1,559 2,044 1,532 1,561 2,134 2,500 1,877 1,418 1,792 1,975
1,403 1,334 1,168 1,442 1,893 1,462 1,417 1,957 2,314 1,756 1,299 1,629 1,832
Operating Profit 192 145 112 117 150 70 144 177 186 121 119 163 143
OPM % 12% 10% 9% 7% 7% 5% 9% 8% 7% 6% 8% 9% 7%
28 31 30 31 374 25 28 28 250 24 41 24 38
Interest 23 20 36 39 46 51 53 62 62 66 71 83 77
Depreciation 20 17 18 20 19 22 25 28 30 22 25 25 26
Profit before tax 176 139 87 89 458 22 95 115 343 57 65 79 79
Tax % -7% 25% 25% 25% 5% 25% 25% 25% 22% 28% 44% 23% 24%
188 104 65 67 435 16 71 87 268 41 36 61 60
EPS in Rs 6.70 3.72 2.33 2.38 15.49 0.59 2.54 3.09 9.56 1.45 1.29 2.16 2.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,557 1,967 1,938 2,006 2,446 3,821 3,937 3,818 4,645 6,372 7,727 7,061
1,358 1,717 1,697 1,764 2,153 3,305 3,352 3,297 4,089 5,839 7,150 6,515
Operating Profit 198 250 241 243 293 515 586 520 556 534 576 547
OPM % 13% 13% 12% 12% 12% 13% 15% 14% 12% 8% 7% 8%
32 58 96 72 98 69 145 191 -624 455 332 127
Interest 33 59 67 47 49 91 85 77 86 141 228 296
Depreciation 43 55 67 51 53 76 111 87 70 74 105 98
Profit before tax 153 194 203 216 289 417 534 547 -224 773 575 279
Tax % 33% 27% 32% 19% 18% 31% 28% 25% 38% 13% 23% 29%
103 142 139 176 237 286 387 408 -309 671 443 197
EPS in Rs 4.37 5.98 4.95 6.27 8.44 10.19 13.79 14.54 -10.99 23.91 15.77 7.03
Dividend Payout % 23% 16% 20% 17% 6% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 15%
TTM: -9%
Compounded Profit Growth
10 Years: 4%
5 Years: -13%
3 Years: -29%
TTM: -30%
Stock Price CAGR
10 Years: 6%
5 Years: 33%
3 Years: 45%
1 Year: 16%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 8%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 79 79 94 94 94 140 140 140 140 140 140 140
Reserves 854 975 1,602 1,629 1,833 2,072 2,459 2,866 2,558 3,229 3,672 3,869
224 445 434 200 160 788 447 446 569 1,043 1,449 2,062
1,053 1,167 940 1,527 1,841 2,308 2,266 2,049 2,099 2,787 3,472 3,320
Total Liabilities 2,210 2,666 3,070 3,450 3,927 5,309 5,312 5,501 5,366 7,200 8,734 9,392
203 167 151 169 217 380 349 285 279 282 327 308
CWIP 24 20 4 16 15 6 10 2 2 28 2 16
Investments 976 1,097 1,230 1,306 1,346 1,364 1,411 1,458 1,063 1,373 1,484 1,263
1,008 1,382 1,685 1,959 2,348 3,559 3,542 3,756 4,023 5,517 6,920 7,804
Total Assets 2,210 2,666 3,070 3,450 3,927 5,309 5,312 5,501 5,366 7,200 8,734 9,392

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
338 -75 -350 442 498 8 741 131 161 73 410 -591
-234 -91 -15 -146 -334 -552 -57 -206 -252 -391 -282 51
-103 162 388 -184 -18 473 -448 -74 25 336 173 318
Net Cash Flow 1 -4 23 112 146 -71 237 -149 -65 18 301 -222

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 44 89 109 83 128 122 116 115 82 62 52 66
Inventory Days 337 55 65 38 49 50 48 45 46 21
Days Payable 187 360 265 199 219 205 206 154 167 79
Cash Conversion Cycle 44 89 259 -222 -71 -39 -55 -40 -76 -46 -69 8
Working Capital Days 28 41 126 39 2 40 12 42 118 115 99 160
ROCE % 18% 18% 15% 13% 17% 22% 20% 19% 19% 15% 12% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.47% 54.47% 54.47% 54.47% 54.47%
2.43% 1.93% 2.00% 1.90% 2.40% 2.97% 4.51% 7.23% 7.63% 7.95% 8.52% 7.48%
19.83% 19.10% 19.47% 19.67% 18.64% 19.96% 19.72% 17.63% 19.32% 17.79% 15.46% 14.93%
23.26% 24.48% 24.05% 23.93% 24.48% 22.60% 21.28% 20.66% 18.57% 19.80% 21.55% 23.12%
No. of Shareholders 1,37,5561,39,8801,36,3981,39,8441,37,9541,34,3651,28,0211,53,5881,54,0291,59,5701,73,2391,91,068

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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