Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra-Projects
Ltd is in the business of civil construction
and trading in Lubricants
- Market Cap ₹ 45.9 Cr.
- Current Price ₹ 27.2
- High / Low ₹ 36.0 / 22.8
- Stock P/E 58.0
- Book Value ₹ 49.6
- Dividend Yield 0.00 %
- ROCE 3.32 %
- ROE 0.99 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.56 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 -4.57% over past five years.
- Company has a low return on equity of 0.97% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 949 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 152.25 | 102.30 | 87.55 | 112.11 | 159.83 | 92.31 | 72.60 | 67.15 | 78.83 | 61.72 | 59.39 | 57.47 | 64.38 | |
| 136.36 | 91.57 | 82.07 | 103.39 | 155.83 | 88.58 | 67.28 | 62.54 | 88.69 | 55.53 | 56.14 | 51.26 | 56.59 | |
| Operating Profit | 15.89 | 10.73 | 5.48 | 8.72 | 4.00 | 3.73 | 5.32 | 4.61 | -9.86 | 6.19 | 3.25 | 6.21 | 7.79 |
| OPM % | 10.44% | 10.49% | 6.26% | 7.78% | 2.50% | 4.04% | 7.33% | 6.87% | -12.51% | 10.03% | 5.47% | 10.81% | 12.10% |
| 0.97 | 1.13 | 3.26 | 1.21 | 4.73 | 4.52 | 0.77 | 1.79 | 16.87 | 1.06 | 2.50 | 0.75 | 0.96 | |
| Interest | 4.01 | 2.63 | 1.98 | 1.81 | 2.84 | 3.21 | 2.92 | 3.58 | 3.40 | 4.46 | 4.15 | 4.75 | 4.79 |
| Depreciation | 2.32 | 3.82 | 2.31 | 2.48 | 3.19 | 3.14 | 2.40 | 1.55 | 1.26 | 1.06 | 1.00 | 1.16 | 1.16 |
| Profit before tax | 10.53 | 5.41 | 4.45 | 5.64 | 2.70 | 1.90 | 0.77 | 1.27 | 2.35 | 1.73 | 0.60 | 1.05 | 2.80 |
| Tax % | 7.12% | -0.37% | 17.30% | 20.04% | 24.44% | 10.00% | 18.18% | 12.60% | -0.85% | 19.65% | 68.33% | 13.33% | |
| 9.77 | 5.43 | 3.68 | 4.51 | 2.03 | 1.72 | 0.62 | 1.15 | 2.32 | 1.38 | 0.23 | 0.89 | 2.38 | |
| EPS in Rs | 10.28 | 5.72 | 3.87 | 2.97 | 1.34 | 1.02 | 0.37 | 0.68 | 1.38 | 0.82 | 0.14 | 0.53 | 0.46 |
| Dividend Payout % | 4.75% | 8.55% | 12.88% | 16.83% | 18.69% | -0.00% | -0.00% | 14.66% | 7.27% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -5% |
| 3 Years: | -10% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | 6% |
| 3 Years: | -29% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -35% |
| 3 Years: | 1% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 4.64 | 4.64 | 4.74 | 7.59 | 7.59 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 | 16.86 |
| Reserves | 38.41 | 42.96 | 42.86 | 60.35 | 61.39 | 62.26 | 61.92 | 63.06 | 65.39 | 66.66 | 66.93 | 67.80 | 66.86 |
| 24.34 | 26.59 | 10.66 | 5.87 | 26.15 | 24.28 | 20.26 | 23.91 | 22.71 | 60.56 | 90.79 | 86.23 | 86.22 | |
| 21.79 | 13.97 | 11.86 | 22.28 | 37.94 | 45.11 | 27.48 | 33.70 | 44.89 | 48.06 | 35.11 | 37.40 | 36.68 | |
| Total Liabilities | 89.18 | 88.16 | 70.12 | 96.09 | 133.07 | 148.51 | 126.52 | 137.53 | 149.85 | 192.14 | 209.69 | 208.29 | 206.62 |
| 16.09 | 12.21 | 10.44 | 12.04 | 13.56 | 11.21 | 8.97 | 6.12 | 5.74 | 5.15 | 8.93 | 7.99 | 7.69 | |
| 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 | 0.25 | 0.25 | 0.40 | 5.40 | 0.40 | 3.33 | 3.32 | 3.36 | 3.29 | 3.28 | 3.33 | 3.30 | 3.29 |
| 72.84 | 75.70 | 59.28 | 78.65 | 119.11 | 133.97 | 114.23 | 127.82 | 140.82 | 183.71 | 197.43 | 197.00 | 195.64 | |
| Total Assets | 89.18 | 88.16 | 70.12 | 96.09 | 133.07 | 148.51 | 126.52 | 137.53 | 149.85 | 192.14 | 209.69 | 208.29 | 206.62 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13.45 | -5.81 | 14.09 | 10.49 | -25.20 | -1.24 | 2.02 | -2.37 | -1.26 | -33.48 | -22.68 | 9.55 | |
| -6.36 | 2.12 | 2.91 | -13.71 | 5.75 | 2.96 | 1.69 | 0.14 | 5.18 | 0.51 | -0.91 | 0.40 | |
| -5.24 | -0.90 | -16.28 | 10.47 | 18.63 | 1.44 | -6.85 | 2.03 | -3.89 | 33.37 | 23.39 | -9.33 | |
| Net Cash Flow | 1.85 | -4.58 | 0.72 | 7.26 | -0.83 | 3.17 | -3.14 | -0.21 | 0.03 | 0.40 | -0.20 | 0.62 |
| Free Cash Flow | 8.92 | -6.03 | 13.53 | 6.46 | -29.44 | -1.26 | 1.88 | -1.89 | -1.79 | -33.87 | -24.80 | 9.50 |
| CFO/OP | 89% | -49% | 274% | 133% | -606% | -33% | 38% | -49% | 13% | -534% | -689% | 156% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 91.24 | 149.57 | 136.87 | 101.06 | 161.55 | 316.25 | 265.86 | 356.14 | 495.90 | 729.17 | 938.47 | 948.67 |
| Inventory Days | 18.62 | 48.50 | 50.87 | 87.69 | 61.43 | 168.67 | 323.61 | 302.96 | 147.08 | 535.23 | 282.91 | 352.50 |
| Days Payable | 55.11 | 27.82 | 11.96 | 84.48 | 104.37 | 311.98 | 198.53 | 211.41 | 396.62 | 483.92 | 200.10 | 235.49 |
| Cash Conversion Cycle | 54.75 | 170.24 | 175.78 | 104.27 | 118.61 | 172.94 | 390.93 | 447.69 | 246.35 | 780.48 | 1,021.28 | 1,065.67 |
| Working Capital Days | 71.06 | 163.05 | 112.02 | 98.84 | 99.41 | 205.33 | 321.26 | 378.92 | 374.03 | 476.83 | 478.70 | 495.90 |
| ROCE % | 22.05% | 11.12% | 6.49% | 11.09% | 6.44% | 5.10% | 3.65% | 4.74% | 5.49% | 4.97% | 2.98% | 3.32% |
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 ・Standalone data |
|
|||||||||||
| Debtors Turnover Ratio times ・Standalone data |
||||||||||||
| Work-in-Progress (WIP) Inventory ₹ Crore ・Standalone data |
||||||||||||
| Employee Strength number ・Standalone data |
||||||||||||
| Order Book Value ₹ Crore ・Standalone data |
||||||||||||
| Gross Current Asset (GCA) Days days ・Standalone data |
||||||||||||
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]
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