Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra- Projects Ltd deals in construction of roads and trading of lubricants[1]
- Market Cap ₹ 46.3 Cr.
- Current Price ₹ 27.5
- High / Low ₹ 36.0 / 22.8
- Stock P/E 26.8
- Book Value ₹ 47.8
- Dividend Yield 0.00 %
- ROCE 2.74 %
- ROE 0.38 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.57 times its book value
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 -18.3% over past five years.
- Company has a low return on equity of 0.85% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 2,059 days.
- Working capital days have increased from 720 days to 1,123 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 | 26.47 | 34.74 | |
| 125.06 | 75.19 | 67.74 | 83.93 | 136.30 | 88.56 | 67.26 | 62.52 | 88.67 | 55.48 | 50.09 | 21.93 | 28.97 | |
| Operating Profit | 15.76 | 10.57 | 5.15 | 8.55 | 3.81 | 3.76 | 5.35 | 4.64 | -9.83 | 6.24 | 3.15 | 4.54 | 5.77 |
| OPM % | 11.19% | 12.33% | 7.07% | 9.25% | 2.72% | 4.07% | 7.37% | 6.91% | -12.47% | 10.11% | 5.92% | 17.15% | 16.61% |
| 0.92 | 1.04 | 3.31 | 1.15 | 4.63 | 4.47 | 0.72 | 1.73 | 16.81 | 0.99 | 2.43 | 0.57 | 0.61 | |
| Interest | 3.96 | 2.58 | 1.91 | 1.77 | 2.76 | 3.21 | 2.92 | 3.58 | 3.40 | 4.46 | 4.00 | 4.03 | 3.92 |
| 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 | 1.90 |
| 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 | 1.73 | |
| 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 | 1.02 |
| 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: | -31% |
| TTM: | 53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -25% |
| 5 Years: | -14% |
| 3 Years: | -49% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -32% |
| 3 Years: | 2% |
| 1 Year: | 2% |
| 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 | Sep 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 | 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 | 63.79 |
| 20.07 | 23.04 | 9.62 | 4.99 | 24.99 | 23.53 | 19.49 | 23.27 | 22.06 | 59.84 | 83.93 | 79.66 | 79.70 | |
| 19.91 | 12.29 | 10.91 | 21.08 | 36.48 | 44.71 | 27.05 | 33.32 | 44.82 | 47.97 | 35.02 | 37.12 | 36.08 | |
| Total Liabilities | 82.64 | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.77 | 146.44 | 188.66 | 200.16 | 198.34 | 196.43 |
| 14.38 | 10.52 | 8.70 | 10.36 | 12.01 | 10.34 | 8.12 | 5.29 | 4.93 | 4.28 | 3.49 | 2.99 | 2.71 | |
| 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 | 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 | 0.75 |
| 67.93 | 71.53 | 58.51 | 77.67 | 117.47 | 133.98 | 114.17 | 127.92 | 141.18 | 183.63 | 195.92 | 194.60 | 192.97 | |
| Total Assets | 82.64 | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.77 | 146.44 | 188.66 | 200.16 | 198.34 | 196.43 |
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 | 1.11 | 0.39 | |
| -8.23 | -0.15 | -15.71 | 15.84 | -0.91 | 1.44 | -6.85 | 2.14 | -3.89 | 33.23 | 20.11 | -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 |
| Free Cash Flow | 9.00 | -6.64 | 13.31 | -4.96 | -4.82 | -1.22 | 1.90 | -1.84 | -1.82 | -34.19 | -21.18 | 7.80 |
| CFO/OP | 89% | -57% | 277% | 2% | 17% | -32% | 38% | -48% | 13% | -535% | -662% | 174% |
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 | 2,058.86 |
| Inventory Days | 21.80 | 69.40 | 70.38 | 159.85 | 76.50 | 168.67 | 323.61 | 302.96 | 147.08 | 535.23 | 310.47 | 1,241.81 |
| Days Payable | 70.20 | 40.46 | 16.93 | 156.31 | 131.74 | 311.98 | 198.53 | 211.41 | 396.62 | 483.79 | 226.82 | 869.82 |
| 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 | 2,430.86 |
| 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 | 1,123.41 |
| ROCE % | 23.52% | 11.81% | 6.42% | 11.31% | 6.39% | 5.29% | 3.81% | 4.92% | 5.68% | 5.13% | 3.11% | 2.74% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Contract Receipts ₹ Lacs |
|
|||||||||||
| Debtors Turnover Ratio times |
||||||||||||
| Work-in-Progress (WIP) Inventory ₹ Crore |
||||||||||||
| Employee Strength number |
||||||||||||
| Order Book Value ₹ Crore |
||||||||||||
| Gross Current Asset (GCA) Days days |
||||||||||||
Extracted by Screener AI
Documents
Announcements
-
Allotment of Securities
7 April 2026 - Board approved 40 lakh convertible warrants at Rs40 each, raising Rs4 crore on April 7, 2026.
-
Outcome of Board Meeting
7 April 2026 - Board approved 40 lakh convertible warrants at Rs 40 each; Rs 4 crore received upfront on April 7, 2026.
-
General Updates
7 April 2026 - Received Rs 4.99 crore work order on 07 Apr 2026 for Ankhol Vamaj Road widening, Mehsana.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
4 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no dematerialisation certificates reported.
-
Trading Window
25 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for FY/Q4 ended March 31, 2026.
Business Overview:[1][2]
AIPL constructs and repairs roads in
Gujarat and is based in Gandhinagar.
It is engaged in the business of civil
constructions and undertakes various government contracts for construction, resurfacing, widening and repairs of the
roads and Bridges mainly from the State Government Departments and Municipal
and Local Bodies through tender bidding
in Gujarat. The company also undertakes
the project for construction and development
of commercial complex, Hotels, Hospitals,
and trading of lubricants