Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra- Projects Ltd deals in construction of roads and trading of lubricants[1]
- Market Cap ₹ 43.2 Cr.
- Current Price ₹ 25.6
- High / Low ₹ 36.0 / 22.8
- Stock P/E 33.5
- Book Value ₹ 48.7
- Dividend Yield 0.00 %
- ROCE 3.33 %
- ROE 1.04 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.53 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 -4.94% over past five years.
- Company has a low return on equity of 0.61% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 1,133 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 85.76 | 72.89 | 92.48 | 140.11 | 92.32 | 72.61 | 67.20 | 78.84 | 61.72 | 53.24 | 26.47 | 52.17 | 70.16 | |
| 75.19 | 67.74 | 83.93 | 136.30 | 88.56 | 67.26 | 62.56 | 88.67 | 55.48 | 50.09 | 21.93 | 46.78 | 64.32 | |
| Operating Profit | 10.57 | 5.15 | 8.55 | 3.81 | 3.76 | 5.35 | 4.64 | -9.83 | 6.24 | 3.15 | 4.54 | 5.39 | 5.84 |
| OPM % | 12.33% | 7.07% | 9.25% | 2.72% | 4.07% | 7.37% | 6.90% | -12.47% | 10.11% | 5.92% | 17.15% | 10.33% | 8.32% |
| 1.04 | 3.31 | 1.15 | 4.63 | 4.47 | 0.72 | 1.73 | 16.81 | 0.99 | 2.43 | 0.57 | 0.32 | 0.30 | |
| Interest | 2.58 | 1.91 | 1.77 | 2.76 | 3.21 | 2.92 | 3.58 | 3.40 | 4.46 | 4.00 | 4.03 | 4.49 | 4.45 |
| Depreciation | 3.77 | 2.25 | 2.38 | 3.11 | 3.10 | 2.36 | 1.51 | 1.22 | 1.02 | 0.83 | 0.57 | 0.56 | 0.52 |
| Profit before tax | 5.26 | 4.30 | 5.55 | 2.57 | 1.92 | 0.79 | 1.28 | 2.36 | 1.75 | 0.75 | 0.51 | 0.66 | 1.17 |
| Tax % | 1.71% | 16.74% | 19.82% | 24.12% | 9.90% | 17.72% | 11.72% | -0.85% | 19.43% | 54.67% | 27.45% | 15.15% | |
| 5.17 | 3.57 | 4.44 | 1.96 | 1.73 | 0.64 | 1.12 | 2.38 | 1.41 | 0.34 | 0.36 | 0.57 | 0.99 | |
| EPS in Rs | 5.44 | 3.76 | 2.92 | 1.29 | 1.03 | 0.38 | 0.66 | 1.41 | 0.84 | 0.20 | 0.21 | 0.34 | 0.58 |
| Dividend Payout % | 9.17% | 13.28% | 17.09% | 19.36% | 48.73% | 0.00% | 15.05% | 7.08% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -5% |
| 3 Years: | -5% |
| TTM: | 111% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -5% |
| 3 Years: | -16% |
| TTM: | 6350% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -32% |
| 3 Years: | -3% |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | 42.31 | 42.27 | 59.70 | 60.75 | 59.55 | 59.22 | 60.32 | 62.70 | 63.99 | 64.35 | 64.70 | 65.30 |
| 23.04 | 9.62 | 4.99 | 24.99 | 23.53 | 19.49 | 23.32 | 22.06 | 59.84 | 83.93 | 79.66 | 86.14 | |
| 12.29 | 10.91 | 21.08 | 36.48 | 44.71 | 27.05 | 33.28 | 44.82 | 47.97 | 35.02 | 37.12 | 41.70 | |
| Total Liabilities | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.78 | 146.44 | 188.66 | 200.16 | 198.34 | 210.00 |
| 10.52 | 8.70 | 10.36 | 12.01 | 10.34 | 8.12 | 5.29 | 4.93 | 4.28 | 3.49 | 2.99 | 2.63 | |
| CWIP | 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 | 5.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.75 | 0.75 | 0.75 | 0.75 |
| 71.53 | 58.51 | 77.67 | 117.47 | 133.98 | 114.17 | 127.93 | 141.18 | 183.63 | 195.92 | 194.60 | 206.62 | |
| Total Assets | 82.38 | 67.54 | 93.36 | 129.81 | 144.65 | 122.62 | 133.78 | 146.44 | 188.66 | 200.16 | 198.34 | 210.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -6.73 | 13.73 | -0.94 | -0.28 | -1.20 | 2.04 | -1.56 | -1.29 | -33.80 | -21.14 | 7.80 | -3.32 | |
| 2.55 | 2.51 | -7.90 | 0.54 | 2.91 | 1.63 | -1.44 | 5.18 | 0.51 | 1.11 | 0.39 | 1.47 | |
| -0.15 | -15.71 | 15.84 | -0.91 | 1.44 | -6.85 | 2.14 | -3.89 | 33.23 | 20.11 | -8.28 | 1.80 | |
| Net Cash Flow | -4.33 | 0.53 | 7.00 | -0.65 | 3.16 | -3.17 | -0.86 | 0.00 | -0.06 | 0.08 | -0.09 | -0.05 |
| Free Cash Flow | -6.64 | 13.31 | -4.96 | -4.82 | -1.22 | 1.90 | -2.60 | -1.82 | -34.19 | -21.18 | 7.80 | -3.28 |
| CFO/OP | -57% | 277% | 2% | 17% | -32% | 38% | -31% | 13% | -535% | -662% | 174% | -60% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 177.27 | 163.50 | 121.44 | 182.51 | 316.21 | 265.82 | 355.88 | 495.83 | 728.99 | 1,046.39 | 2,058.86 | 1,133.48 |
| Inventory Days | 69.40 | 70.38 | 159.85 | 76.50 | 168.67 | 323.61 | 356.93 | 147.08 | 535.23 | 310.47 | 1,241.81 | 382.52 |
| Days Payable | 40.46 | 16.93 | 156.31 | 131.74 | 311.98 | 198.53 | 249.07 | 396.62 | 483.79 | 226.82 | 869.82 | 282.85 |
| Cash Conversion Cycle | 206.21 | 216.94 | 124.98 | 127.28 | 172.91 | 390.89 | 463.74 | 246.29 | 780.44 | 1,130.05 | 2,430.86 | 1,233.15 |
| Working Capital Days | 100.95 | 138.01 | 123.46 | 112.96 | 205.23 | 324.94 | 382.00 | 375.46 | 480.97 | 556.21 | 1,123.41 | 599.52 |
| ROCE % | 11.81% | 6.42% | 11.31% | 6.39% | 5.29% | 3.81% | 4.92% | 5.68% | 5.13% | 3.11% | 2.74% | 3.33% |
Insights
In beta| Oct 2016 | Nov 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Aug 2025 | |
|---|---|---|---|---|---|---|---|---|
| Order Book (Unexecuted Orders) Rs crore |
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| Customer Concentration (Top Customers as % of Revenue) % of revenue |
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| Number of Permanent Employees on Rolls count |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- 27th AGM on September 30, 2026; annual report released, director reappointments, independent director appointments, related party approvals.
-
Appointment
- Board approved appointment of two independent directors from January 17, 2027, pending AGM approval.
-
Change in Management
- Akash Infra appoints Urvi Bhatt and Lalji Vaghela as independent directors for five years from January 17, 2027.
-
Copy of Newspaper Publication
- Newspaper advertisement for Q1 FY2026 financial results published on August 15, 2026.
-
Outcome of Board Meeting
- Board approved Q1 FY2026-27 unaudited standalone and consolidated results on August 14, 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