Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra-Projects
Ltd is in the business of civil construction
and trading in Lubricants
- Market Cap ₹ 53.1 Cr.
- Current Price ₹ 31.5
- High / Low ₹ 41.8 / 23.0
- Stock P/E 2,657
- Book Value ₹ 48.4
- Dividend Yield 0.00 %
- ROCE 2.77 %
- ROE 0.44 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.66 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -18.2% over past five years.
- Company has a low return on equity of 0.87% over last 3 years.
- Contingent liabilities of Rs.25.0 Cr.
- Company might be capitalizing the interest cost
- Company has high debtors of 2,056 days.
- Working capital days have increased from 720 days to 1,122 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
140.82 | 85.76 | 72.89 | 92.48 | 140.11 | 92.32 | 72.61 | 67.16 | 78.84 | 61.72 | 53.24 | 26.51 | 33.19 | |
125.06 | 75.19 | 67.74 | 83.93 | 136.30 | 88.56 | 67.26 | 62.52 | 88.67 | 55.48 | 50.09 | 21.99 | 29.02 | |
Operating Profit | 15.76 | 10.57 | 5.15 | 8.55 | 3.81 | 3.76 | 5.35 | 4.64 | -9.83 | 6.24 | 3.15 | 4.52 | 4.17 |
OPM % | 11.19% | 12.33% | 7.07% | 9.25% | 2.72% | 4.07% | 7.37% | 6.91% | -12.47% | 10.11% | 5.92% | 17.05% | 12.56% |
0.92 | 1.04 | 3.31 | 1.15 | 4.63 | 4.47 | 0.72 | 1.73 | 16.81 | 0.99 | 2.43 | 0.57 | 0.57 | |
Interest | 3.96 | 2.58 | 1.91 | 1.77 | 2.76 | 3.21 | 2.92 | 3.58 | 3.40 | 4.46 | 4.00 | 4.01 | 3.95 |
Depreciation | 2.26 | 3.77 | 2.25 | 2.38 | 3.11 | 3.10 | 2.36 | 1.51 | 1.22 | 1.02 | 0.83 | 0.57 | 0.56 |
Profit before tax | 10.46 | 5.26 | 4.30 | 5.55 | 2.57 | 1.92 | 0.79 | 1.28 | 2.36 | 1.75 | 0.75 | 0.51 | 0.23 |
Tax % | 6.88% | 1.71% | 16.74% | 19.82% | 24.12% | 9.90% | 17.72% | 11.72% | -0.85% | 19.43% | 54.67% | 27.45% | |
9.74 | 5.17 | 3.57 | 4.44 | 1.96 | 1.73 | 0.64 | 1.12 | 2.38 | 1.41 | 0.34 | 0.36 | 0.02 | |
EPS in Rs | 10.25 | 5.44 | 3.76 | 2.92 | 1.29 | 1.03 | 0.38 | 0.66 | 1.41 | 0.84 | 0.20 | 0.21 | 0.01 |
Dividend Payout % | 4.87% | 9.17% | 13.28% | 17.09% | 19.36% | 48.73% | 0.00% | 15.05% | 7.08% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -11% |
5 Years: | -18% |
3 Years: | -30% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | -23% |
5 Years: | -11% |
3 Years: | -47% |
TTM: | -99% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -34% |
3 Years: | -7% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 1% |
3 Years: | 1% |
Last Year: | 0% |
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 | 4.74 | 4.74 | 4.74 | 7.59 | 7.59 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 |
Reserves | 37.92 | 42.31 | 42.27 | 59.70 | 60.75 | 59.55 | 59.22 | 60.32 | 62.70 | 63.99 | 64.35 | 64.70 |
20.07 | 23.04 | 9.62 | 4.99 | 24.99 | 23.53 | 19.49 | 23.27 | 22.06 | 59.84 | 83.93 | 79.67 | |
19.91 | 12.29 | 10.91 | 21.08 | 36.48 | 44.71 | 27.05 | 33.32 | 44.82 | 47.97 | 35.03 | 37.12 | |
Total Liabilities | 82.64 | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.77 | 146.44 | 188.66 | 200.17 | 198.35 |
14.38 | 10.52 | 8.70 | 10.36 | 12.01 | 10.34 | 8.12 | 5.29 | 4.93 | 4.28 | 3.49 | 2.99 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.33 | 0.33 | 0.33 | 5.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.75 | 0.75 | 0.75 |
67.93 | 71.53 | 58.51 | 77.67 | 117.47 | 133.98 | 114.17 | 127.92 | 141.18 | 183.63 | 195.93 | 194.61 | |
Total Assets | 82.64 | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.77 | 146.44 | 188.66 | 200.17 | 198.35 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13.33 | -6.73 | 13.73 | -0.94 | -0.28 | -1.20 | 2.04 | -2.33 | -1.29 | -33.80 | -21.14 | 7.80 | |
-7.25 | 2.55 | 2.51 | -7.90 | 0.54 | 2.91 | 1.63 | 0.09 | 5.18 | 0.51 | 1.05 | 0.39 | |
-8.23 | -0.15 | -15.71 | 15.84 | -0.91 | 1.44 | -6.85 | 2.14 | -3.89 | 33.23 | 20.17 | -8.28 | |
Net Cash Flow | -2.15 | -4.33 | 0.53 | 7.00 | -0.65 | 3.16 | -3.17 | -0.10 | 0.00 | -0.06 | 0.08 | -0.09 |
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 | 97.59 | 177.27 | 163.50 | 121.44 | 182.51 | 316.21 | 265.82 | 356.09 | 495.83 | 728.99 | 1,046.39 | 2,055.76 |
Inventory Days | 21.80 | 69.40 | 70.38 | 159.85 | 76.50 | 168.67 | 323.61 | 302.96 | 147.08 | 535.23 | 310.47 | 1,046.62 |
Days Payable | 70.20 | 40.46 | 16.93 | 156.31 | 131.74 | 311.98 | 198.53 | 211.41 | 396.62 | 483.79 | 226.82 | 733.10 |
Cash Conversion Cycle | 49.19 | 206.21 | 216.94 | 124.98 | 127.28 | 172.91 | 390.89 | 447.64 | 246.29 | 780.44 | 1,130.05 | 2,369.28 |
Working Capital Days | 75.19 | 100.95 | 138.01 | 123.46 | 112.96 | 205.23 | 324.94 | 382.23 | 375.46 | 480.97 | 556.21 | 1,121.71 |
ROCE % | 23.52% | 11.81% | 6.42% | 11.31% | 6.39% | 5.29% | 3.81% | 4.92% | 5.68% | 5.13% | 3.11% | 2.77% |
Documents
Announcements
-
Copy of Newspaper Publication
8 September 2025 - Akash Infra Projects Limited has informed about Newspaper Publication of Notice of AGM scheduled to be held on September 30, 2025.
-
Shareholders meeting
6 September 2025 - AGM on Sept 30, 2025; appoint ARPAN auditors; reappoint MDs from Jan 18, 2026; cost audit fee Rs50,000.
-
Resignation
5 September 2025 - RRS & Associates resigned; A R P A N & Associates appointed effective 5 Sep 2025, subject to AGM approval.
-
Change in Auditors
5 September 2025 - RRS & Associates resigned; ARPAN And Associates LLP appointed effective 05-Sep-2025, subject to AGM approval.
-
General Updates
4 September 2025 - Received Rs13.73 crore work order on 04/09/2025 for widening/resurfacing in Gandhinagar (km 0/00–4/200).
Business Overview:[1]
Company is a AA-class and SPL Category-1 (Road work) approved contractor in Govt of Gujarat. Built up of Roads, Construction of Building, Minor bridges, Culverts, Dams, Godowns etc. Company does civil constructions and undertakes various government contracts for construction, resurfacing, widening and repairs of roads and minor bridges mainly from State Government, Departments and Municipal and Local Bodies through tender bidding in Gujarat