Ashoka Buildcon Ltd

Ashoka Buildcon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashoka Buildcon Ltd

₹ 164 -1.62%
04 Dec - close price
ashokabuildcon.com BSE: 533271 NSE: ASHOKA
About

Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix and making switchgear concrete).[1]

Key Points

Business Segments
1) Construction Contract (63% in 9M FY25 vs 55% in FY23): [1][2]
The company undertakes engineering, procurement, and construction (EPC) of road, rail, power projects, etc. It is a Fortune India 500 company and one of the leading highway developers in India. [3] As of 9M FY25, the company has constructed 14,000+ lane km of highways and electrified 30,000+ villages through power T&D projects. Additionally, it has completed 750+ Tkms of overhead electrification, linked 170+ Tkms of railway tracks, laid 32,000 km of optical fiber, and built 10+ Mn sq. ft. of buildings. [4] [5]

Website BSE NSE
  • Market Cap ₹ 4,603 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 319 / 158
  • Stock P/E 22.8
  • Book Value ₹ 149
  • Dividend Yield 0.00 %
  • ROCE 9.86 %
  • ROE 4.75 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 1.10 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.97% over last 3 years.
  • Earnings include an other income of Rs.239 Cr.
  • Working capital days have increased from 69.5 days to 107 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

Industrials Construction Construction Civil Construction

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,280 1,559 2,044 1,532 1,561 2,134 2,500 1,877 1,418 1,792 1,975 1,311 1,266
1,168 1,442 1,893 1,462 1,417 1,957 2,314 1,756 1,299 1,629 1,832 1,188 1,143
Operating Profit 112 117 150 70 144 177 186 121 119 163 143 122 123
OPM % 9% 7% 7% 5% 9% 8% 7% 6% 8% 9% 7% 9% 10%
30 31 374 25 28 28 250 24 41 24 38 29 149
Interest 36 39 46 51 53 62 62 66 71 83 77 84 78
Depreciation 18 20 19 22 25 28 30 22 25 25 26 23 24
Profit before tax 87 89 458 22 95 115 343 57 65 79 79 43 169
Tax % 25% 25% 5% 25% 25% 25% 22% 28% 44% 23% 24% 29% 18%
65 67 435 16 71 87 268 41 36 61 60 31 139
EPS in Rs 2.33 2.38 15.49 0.59 2.54 3.09 9.56 1.45 1.29 2.16 2.12 1.09 4.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,557 1,967 1,938 2,006 2,446 3,821 3,937 3,818 4,645 6,372 7,727 7,061 6,344
1,358 1,717 1,697 1,764 2,153 3,305 3,352 3,297 4,089 5,839 7,150 6,515 5,792
Operating Profit 198 250 241 243 293 515 586 520 556 534 576 547 552
OPM % 13% 13% 12% 12% 12% 13% 15% 14% 12% 8% 7% 8% 9%
32 58 96 72 98 69 145 191 -624 455 332 127 239
Interest 33 59 67 47 49 91 85 77 86 141 228 296 322
Depreciation 43 55 67 51 53 76 111 87 70 74 105 98 99
Profit before tax 153 194 203 216 289 417 534 547 -224 773 575 279 370
Tax % 33% 27% 32% 19% 18% 31% 28% 25% 38% 13% 23% 29%
103 142 139 176 237 286 387 408 -309 671 443 197 290
EPS in Rs 4.37 5.98 4.95 6.27 8.44 10.19 13.79 14.54 -10.99 23.91 15.77 7.03 10.33
Dividend Payout % 23% 16% 20% 17% 6% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 15%
TTM: -20%
Compounded Profit Growth
10 Years: 3%
5 Years: -14%
3 Years: -30%
TTM: -26%
Stock Price CAGR
10 Years: 3%
5 Years: 14%
3 Years: 27%
1 Year: -37%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 8%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 79 79 94 94 94 140 140 140 140 140 140 140 140
Reserves 854 975 1,602 1,629 1,833 2,072 2,459 2,866 2,558 3,229 3,672 3,869 4,039
224 445 434 200 160 788 447 446 569 1,043 1,449 2,062 2,335
1,053 1,167 940 1,527 1,841 2,308 2,266 2,049 2,099 2,787 3,472 3,321 3,264
Total Liabilities 2,210 2,666 3,070 3,450 3,927 5,309 5,312 5,501 5,366 7,200 8,734 9,393 9,778
203 167 151 169 217 380 349 285 279 282 327 308 306
CWIP 24 20 4 16 15 6 10 2 2 28 2 16 6
Investments 976 1,097 1,230 1,306 1,346 1,364 1,411 1,458 1,063 1,373 1,484 1,263 1,276
1,008 1,382 1,685 1,959 2,348 3,559 3,542 3,756 4,023 5,517 6,920 7,805 8,190
Total Assets 2,210 2,666 3,070 3,450 3,927 5,309 5,312 5,501 5,366 7,200 8,734 9,393 9,778

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
338 -75 -350 442 498 8 741 131 161 73 410 -591
-234 -91 -15 -146 -334 -552 -57 -206 -252 -391 -282 51
-103 162 388 -184 -18 473 -448 -74 25 336 173 318
Net Cash Flow 1 -4 23 112 146 -71 237 -149 -65 18 301 -222

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 44 89 109 83 128 122 116 115 82 62 52 66
Inventory Days 337 55 65 38 49 50 48 45 46 44
Days Payable 187 360 265 199 219 205 206 154 167 165
Cash Conversion Cycle 44 89 259 -222 -71 -39 -55 -40 -76 -46 -69 -55
Working Capital Days -3 4 89 23 1 4 -4 10 86 62 40 107
ROCE % 18% 18% 15% 13% 17% 22% 20% 19% 19% 15% 12% 10%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
54.48% 54.48% 54.48% 54.48% 54.48% 54.47% 54.47% 54.47% 54.47% 54.47% 54.47% 54.47%
2.00% 1.90% 2.40% 2.97% 4.51% 7.23% 7.63% 7.95% 8.52% 7.48% 7.29% 7.45%
19.47% 19.67% 18.64% 19.96% 19.72% 17.63% 19.32% 17.79% 15.46% 14.93% 14.16% 14.06%
24.05% 23.93% 24.48% 22.60% 21.28% 20.66% 18.57% 19.80% 21.55% 23.12% 24.07% 24.02%
No. of Shareholders 1,36,3981,39,8441,37,9541,34,3651,28,0211,53,5881,54,0291,59,5701,73,2391,91,0681,98,9521,99,256

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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