Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra-Projects
Ltd is in the business of civil construction
and trading in Lubricants
- Market Cap ₹ 68.0 Cr.
- Current Price ₹ 40.3
- High / Low ₹ 50.6 / 22.5
- Stock P/E
- Book Value ₹ 47.6
- Dividend Yield 0.00 %
- ROCE 5.13 %
- ROE 1.76 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.84 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -15.1% over past five years.
- Company has a low return on equity of 2.07% over last 3 years.
- Contingent liabilities of Rs.25.0 Cr.
- Earnings include an other income of Rs.1.11 Cr.
- Company has high debtors of 729 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
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
60.38 | 206.06 | 140.82 | 85.76 | 72.89 | 92.48 | 140.11 | 92.32 | 72.61 | 67.16 | 78.84 | 61.72 | 57.15 | |
55.73 | 193.71 | 125.06 | 75.19 | 67.74 | 83.93 | 136.30 | 88.56 | 67.26 | 62.52 | 88.67 | 55.48 | 55.40 | |
Operating Profit | 4.65 | 12.35 | 15.76 | 10.57 | 5.15 | 8.55 | 3.81 | 3.76 | 5.35 | 4.64 | -9.83 | 6.24 | 1.75 |
OPM % | 7.70% | 5.99% | 11.19% | 12.33% | 7.07% | 9.25% | 2.72% | 4.07% | 7.37% | 6.91% | -12.47% | 10.11% | 3.06% |
0.47 | 1.03 | 0.92 | 1.04 | 3.31 | 1.15 | 4.63 | 4.47 | 0.72 | 1.73 | 16.81 | 0.99 | 1.11 | |
Interest | 1.15 | 3.25 | 3.96 | 2.58 | 1.91 | 1.77 | 2.76 | 3.21 | 2.92 | 3.58 | 3.40 | 4.46 | 4.46 |
Depreciation | 1.26 | 2.02 | 2.26 | 3.77 | 2.25 | 2.38 | 3.11 | 3.10 | 2.36 | 1.51 | 1.22 | 1.02 | 0.88 |
Profit before tax | 2.71 | 8.11 | 10.46 | 5.26 | 4.30 | 5.55 | 2.57 | 1.92 | 0.79 | 1.28 | 2.36 | 1.75 | -2.48 |
Tax % | 18.82% | 13.44% | 6.88% | 1.71% | 16.74% | 19.82% | 24.12% | 9.90% | 17.72% | 11.72% | -0.85% | 19.43% | |
2.20 | 7.02 | 9.74 | 5.17 | 3.57 | 4.44 | 1.96 | 1.73 | 0.64 | 1.12 | 2.38 | 1.41 | -2.63 | |
EPS in Rs | 2.32 | 7.39 | 10.25 | 5.44 | 3.76 | 2.92 | 1.29 | 1.03 | 0.38 | 0.66 | 1.41 | 0.84 | -1.56 |
Dividend Payout % | 21.55% | 6.75% | 4.87% | 9.17% | 13.28% | 17.09% | 19.36% | 48.73% | 0.00% | 15.05% | 7.08% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -11% |
5 Years: | -15% |
3 Years: | -5% |
TTM: | -36% |
Compounded Profit Growth | |
---|---|
10 Years: | -15% |
5 Years: | -6% |
3 Years: | 30% |
TTM: | -162% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -5% |
3 Years: | -41% |
1 Year: | 64% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.74 | 4.74 | 4.74 | 4.74 | 4.74 | 7.59 | 7.59 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 |
Reserves | 22.27 | 28.74 | 37.92 | 42.31 | 42.27 | 59.70 | 60.75 | 59.55 | 59.22 | 60.32 | 62.70 | 63.99 | 63.33 |
18.09 | 26.35 | 20.07 | 23.04 | 9.62 | 4.99 | 24.99 | 23.53 | 19.49 | 23.27 | 22.06 | 59.84 | 79.23 | |
9.44 | 28.61 | 19.91 | 12.29 | 10.91 | 21.08 | 36.48 | 44.71 | 27.05 | 33.32 | 44.82 | 47.97 | 41.51 | |
Total Liabilities | 54.54 | 88.44 | 82.64 | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.77 | 146.44 | 188.66 | 200.93 |
11.32 | 12.31 | 14.38 | 10.52 | 8.70 | 10.36 | 12.01 | 10.34 | 8.12 | 5.29 | 4.93 | 4.28 | 3.90 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 0.00 |
Investments | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 5.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.75 | 0.75 |
42.89 | 75.80 | 67.93 | 71.53 | 58.51 | 77.67 | 117.47 | 133.98 | 114.17 | 127.92 | 141.18 | 183.63 | 196.28 | |
Total Assets | 54.54 | 88.44 | 82.64 | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.77 | 146.44 | 188.66 | 200.93 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-6.39 | 1.02 | 13.33 | -6.73 | 13.73 | -0.94 | -0.28 | -1.20 | 2.04 | -2.33 | -1.29 | -33.80 | |
-4.53 | -1.42 | -7.25 | 2.55 | 2.51 | -7.90 | 0.54 | 2.91 | 1.63 | 0.09 | 5.18 | 0.51 | |
11.00 | 6.43 | -8.23 | -0.15 | -15.71 | 15.84 | -0.91 | 1.44 | -6.85 | 2.14 | -3.89 | 33.23 | |
Net Cash Flow | 0.07 | 6.03 | -2.15 | -4.33 | 0.53 | 7.00 | -0.65 | 3.16 | -3.17 | -0.10 | 0.00 | -0.06 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 101.32 | 80.52 | 97.59 | 177.27 | 163.50 | 121.44 | 182.51 | 316.21 | 265.82 | 356.09 | 495.83 | 728.99 |
Inventory Days | 59.53 | 18.91 | 21.80 | 69.40 | 70.38 | 159.85 | 76.50 | 168.67 | 323.61 | 302.96 | 147.08 | 275.94 |
Days Payable | 40.18 | 78.83 | 70.20 | 40.46 | 16.93 | 156.31 | 131.74 | 311.98 | 198.53 | 211.41 | 396.62 | 249.42 |
Cash Conversion Cycle | 120.66 | 20.60 | 49.19 | 206.21 | 216.94 | 124.98 | 127.28 | 172.91 | 390.89 | 447.64 | 246.29 | 755.52 |
Working Capital Days | 102.64 | 48.16 | 75.19 | 193.18 | 186.18 | 139.16 | 171.31 | 291.54 | 419.74 | 490.65 | 460.32 | 820.07 |
ROCE % | 9.85% | 21.63% | 23.52% | 11.81% | 6.42% | 11.31% | 6.39% | 5.29% | 3.81% | 4.92% | 5.68% | 5.13% |
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