Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra-Projects 
Ltd is in the business of civil construction 
and trading in Lubricants
- Market Cap ₹ 48.2 Cr.
 - Current Price ₹ 28.6
 - High / Low ₹ 40.9 / 23.0
 - Stock P/E
 - Book Value ₹ 50.2
 - Dividend Yield 0.00 %
 - ROCE 3.32 %
 - ROE 0.99 %
 - Face Value ₹ 10.0
 
Pros
- Stock is trading at 0.57 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 -4.57% 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 | 64.51 | |
| 136.36 | 91.57 | 82.07 | 103.39 | 155.83 | 88.58 | 67.28 | 62.54 | 88.69 | 55.53 | 56.14 | 51.26 | 58.50 | |
| 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 | 6.01 | 
| 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% | 9.32% | 
| 0.97 | 1.13 | 3.26 | 1.21 | 4.73 | 4.52 | 0.77 | 1.79 | 16.87 | 1.06 | 2.50 | 0.75 | 0.85 | |
| 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 | 4.75 | 
| 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 | 1.15 | 
| 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 | 0.96 | 
| 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 | 0.72 | |
| 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 | -0.52 | 
| 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: | 29% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -17% | 
| 5 Years: | 6% | 
| 3 Years: | -29% | 
| TTM: | -148% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | -35% | 
| 3 Years: | -7% | 
| 1 Year: | -20% | 
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 
| 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 | 
| 24.34 | 26.59 | 10.66 | 5.87 | 26.15 | 24.28 | 20.26 | 23.91 | 22.71 | 60.56 | 90.79 | 86.23 | |
| 21.79 | 13.97 | 11.86 | 22.28 | 37.94 | 45.11 | 27.48 | 33.70 | 44.89 | 48.06 | 35.11 | 37.40 | |
| 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 | 
| 16.09 | 12.21 | 10.44 | 12.04 | 13.56 | 11.21 | 8.97 | 6.12 | 5.74 | 5.15 | 8.93 | 7.99 | |
| 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 | 0.25 | 0.25 | 0.40 | 5.40 | 0.40 | 3.33 | 3.32 | 3.36 | 3.29 | 3.28 | 3.33 | 3.30 | 
| 72.84 | 75.70 | 59.28 | 78.65 | 119.11 | 133.97 | 114.23 | 127.82 | 140.82 | 183.71 | 197.43 | 197.00 | |
| 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 | 
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 | 
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% | 
Documents
Announcements
- 
        
          Certificate under SEBI (Depositories and Participants) Regulations, 2018
          
            7 October 2025 - Reg 74(5) certificate for quarter ended Sep 30, 2025; 36,250 shares dematerialised on 09/07/2025.
 - 
        
          Shareholders meeting
          
            3 October 2025 - All 10 AGM resolutions passed on Sep 30, 2025; results and consolidated Scrutinizer's Report submitted.
 - 
        
          General Updates
          
            30 September 2025 - Received Rs37,99,40,688.50 work order on 30/09/2025 for road works, Gandhinagar District Panchayat.
 - 
        
          Shareholders meeting
          
            30 September 2025 - Held 26th AGM on Sep 30, 2025; reappointed MDs, appointed auditors, approved material RPTs.
 - 
        
          Trading Window
          
            26 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after declaration of Sep 30, 2025 results.
 
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