Akash Infraprojects Ltd
Incorporated in 1999, Akash Infra-Projects
Ltd is in the business of civil construction
and trading in Lubricants
- Market Cap ₹ 48.8 Cr.
- Current Price ₹ 29.0
- High / Low ₹ 36.4 / 23.0
- Stock P/E
- Book Value ₹ 49.6
- Dividend Yield 0.00 %
- ROCE 3.32 %
- ROE 0.99 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.58 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 | 67.37 | |
| 136.36 | 91.57 | 82.07 | 103.39 | 155.83 | 88.58 | 67.28 | 62.54 | 88.69 | 55.53 | 56.14 | 51.26 | 60.21 | |
| 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 | 7.16 |
| 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% | 10.63% |
| 0.97 | 1.13 | 3.26 | 1.21 | 4.73 | 4.52 | 0.77 | 1.79 | 16.87 | 1.06 | 2.50 | 0.75 | 0.81 | |
| 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 | 4.84 |
| 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 | 1.98 |
| 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 | 1.53 | |
| 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 | -0.04 |
| 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: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | 6% |
| 3 Years: | -29% |
| TTM: | 89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -35% |
| 3 Years: | -1% |
| 1 Year: | -17% |
| 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 |
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
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General Updates
7 January 2026 - Work order Rs21,53,33,912.33 on 07/01/2026 for road widening in Sabarkantha (Himmatnagar).
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
2 January 2026 - Reg 74(5) certificate confirming dematerialisation actions for quarter ended Dec 31, 2025; none dematerialised.
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Trading Window
24 December 2025 - Trading window closed Jan 1, 2026 until 48 hours after unaudited results for quarter ended Dec 31, 2025.
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General Updates
17 December 2025 - Work order Rs18.21 crore on 17/12/2025 to widen Himmatnagar–Katvad–Hapa–Tajpuri Road km0–8.1; 12-month duration.
-
General Updates
13 December 2025 - Received Rs18.61 crore Mehsana road resurfacing work order dated 13/12/2025; six-month completion.
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