Ashoka Buildcon Ltd
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 concrete).[1]
- Market Cap ₹ 5,698 Cr.
- Current Price ₹ 203
- High / Low ₹ 319 / 158
- Stock P/E 3.94
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE 27.1 %
- ROE 22.7 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
- Company's median sales growth is 21.0% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
* 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,853 | 1,795 | 2,320 | 2,825 | 2,973 | 3,601 | 4,930 | 5,070 | 4,992 | 5,999 | 8,100 | 9,798 | 10,394 | |
1,481 | 1,413 | 1,847 | 1,907 | 2,037 | 2,462 | 3,537 | 3,495 | 3,455 | 4,210 | 6,132 | 7,564 | 7,625 | |
Operating Profit | 372 | 382 | 473 | 918 | 935 | 1,140 | 1,393 | 1,575 | 1,536 | 1,789 | 1,969 | 2,235 | 2,769 |
OPM % | 20% | 21% | 20% | 33% | 31% | 32% | 28% | 31% | 31% | 30% | 24% | 23% | 27% |
14 | 14 | 29 | 24 | 82 | 111 | 17 | 93 | 147 | 485 | 64 | 312 | 301 | |
Interest | 139 | 134 | 272 | 800 | 908 | 994 | 1,021 | 1,043 | 970 | 1,004 | 1,104 | 1,310 | 1,261 |
Depreciation | 132 | 139 | 152 | 269 | 264 | 291 | 258 | 300 | 276 | 338 | 341 | 367 | 318 |
Profit before tax | 114 | 124 | 78 | -126 | -155 | -35 | 131 | 326 | 438 | 932 | 588 | 870 | 1,491 |
Tax % | 60% | 56% | 102% | 77% | 45% | 239% | 131% | 51% | 38% | 17% | 50% | 40% | |
45 | 55 | -1 | -224 | -225 | -119 | -40 | 160 | 273 | 771 | 294 | 521 | 1,536 | |
EPS in Rs | 3.55 | 4.11 | 3.42 | -3.04 | -7.31 | -3.96 | -1.19 | 5.89 | 9.84 | 27.73 | 10.42 | 17.92 | 53.85 |
Dividend Payout % | 25% | 24% | 27% | -33% | -15% | -13% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 15% |
3 Years: | 25% |
TTM: | 13% |
Compounded Profit Growth | |
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10 Years: | 22% |
5 Years: | 61% |
3 Years: | 17% |
TTM: | 581% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 32% |
3 Years: | 41% |
1 Year: | 11% |
Return on Equity | |
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10 Years: | 12% |
5 Years: | 32% |
3 Years: | 28% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 53 | 79 | 79 | 94 | 94 | 94 | 140 | 140 | 140 | 140 | 140 | 140 | 140 |
Reserves | 998 | 1,184 | 1,278 | 1,621 | 376 | 222 | 147 | 274 | 479 | 1,240 | 1,535 | 2,080 | 2,687 |
2,454 | 3,193 | 3,873 | 4,692 | 4,754 | 5,102 | 6,044 | 6,262 | 6,719 | 3,635 | 5,509 | 5,450 | 5,542 | |
8,934 | 9,063 | 9,437 | 4,571 | 5,580 | 6,132 | 6,770 | 6,958 | 6,879 | 10,389 | 9,860 | 11,335 | 10,869 | |
Total Liabilities | 12,439 | 13,518 | 14,667 | 10,977 | 10,804 | 11,550 | 13,101 | 13,634 | 14,217 | 15,405 | 17,045 | 19,005 | 19,239 |
1,500 | 4,025 | 12,571 | 8,515 | 8,016 | 7,875 | 7,874 | 7,693 | 7,488 | 1,309 | 6,927 | 6,689 | 6,528 | |
CWIP | 9,610 | 7,962 | 151 | 20 | 37 | 46 | 58 | 77 | 62 | 73 | 62 | 39 | 50 |
Investments | 282 | 285 | 240 | 228 | 186 | 247 | 284 | 186 | 214 | 65 | 73 | 112 | 163 |
1,046 | 1,246 | 1,705 | 2,215 | 2,565 | 3,381 | 4,885 | 5,678 | 6,454 | 13,959 | 9,982 | 12,165 | 12,498 | |
Total Assets | 12,439 | 13,518 | 14,667 | 10,977 | 10,804 | 11,550 | 13,101 | 13,634 | 14,217 | 15,405 | 17,045 | 19,005 | 19,239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6,500 | 386 | 390 | 251 | 827 | 621 | -90 | 1,070 | 155 | 353 | 492 | 749 | |
-7,074 | -922 | -812 | -104 | -63 | -315 | -244 | -117 | -176 | -233 | -311 | 234 | |
576 | 579 | 369 | 25 | -866 | -98 | 311 | -571 | -221 | -35 | -311 | -407 | |
Net Cash Flow | 2 | 43 | -53 | 172 | -101 | 208 | -24 | 381 | -242 | 85 | -130 | 575 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 27 | 57 | 67 | 44 | 70 | 78 | 67 | 66 | 46 | 41 | 39 |
Inventory Days | 443 | 220 | 184 | 103 | 137 | 123 | 108 | 77 | 71 | |||
Days Payable | 223 | 351 | 285 | 229 | 232 | 206 | 206 | 146 | 160 | |||
Cash Conversion Cycle | 17 | 27 | 57 | 287 | -87 | -31 | -48 | -28 | -17 | -52 | -28 | -49 |
Working Capital Days | -22 | -2 | 11 | 15 | -102 | -114 | -70 | -110 | -21 | 77 | 26 | 8 |
ROCE % | 8% | 6% | 7% | 11% | 12% | 18% | 20% | 20% | 20% | 25% | 28% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Invite of Earnings Call - Q4 & FY2025 of the Company to be held on Monday, 26 May 2025 at 12:00 pm IST.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Ashoka Buildcon schedules investor meetings on 28 May 2025 at B & K Conference.
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Board Meeting Intimation for Notice Of Board Meeting - Regulations 29, 33 & 50(1) Of The SEBI (LODR) Regulations, 2015 [SEBI (LODR) Regulations, 2015]
15 May - Board meeting on May 23 to approve FY25 audited financial results; trading window closed from April 1.
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Announcement under Regulation 30 (LODR)-Credit Rating
8 May - CRISIL reaffirms Ashoka Buildcon's long-term AA-/Negative and short-term A1+ ratings; CP rating withdrawn.
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
29 Apr - Ashoka Buildcon confirms it is not a 'Large Corporate' as per SEBI; no borrowings or penalties reported.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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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]