Ashoka Buildcon Ltd

₹ 82.8 -6.28%
27 Jan - close price
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 concrete).[1]

Key Points

Business Segments

  • Market Cap 2,326 Cr.
  • Current Price 82.8
  • High / Low 102 / 69.0
  • Stock P/E 4.52
  • Book Value 56.3
  • Dividend Yield 0.00 %
  • ROCE 26.0 %
  • ROE 49.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 32.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 49.5%
  • Debtor days have improved from 59.8 to 46.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.549 Cr.
  • Company's cost of borrowing seems high
  • Working capital days have increased from -17.9 days to 77.8 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,038 1,280 1,584 761 1,189 1,305 1,736 1,283 1,265 1,440 1,957 1,879 1,808
669 902 1,110 514 797 889 1,256 886 858 1,042 1,424 1,395 1,382
Operating Profit 368 378 474 247 392 416 480 397 407 398 533 484 425
OPM % 35% 30% 30% 32% 33% 32% 28% 31% 32% 28% 27% 26% 24%
18 27 26 35 35 29 48 31 40 365 103 43 37
Interest 252 253 257 239 243 240 247 240 249 255 259 250 276
Depreciation 79 82 64 52 70 77 78 63 71 87 117 84 82
Profit before tax 56 70 180 -9 115 129 203 124 126 421 260 193 104
Tax % 80% 64% 18% -309% 39% 32% 25% 36% 38% 8% 14% 30% 37%
Net Profit 11 25 147 -38 70 87 153 80 78 389 225 135 66
EPS in Rs 0.64 1.15 4.79 -1.00 2.61 3.15 5.07 2.86 2.85 13.98 8.05 4.79 2.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,303 1,500 1,853 1,795 2,320 2,825 2,973 3,601 4,930 5,070 4,992 5,946 7,084
1,050 1,175 1,481 1,413 1,847 1,907 2,037 2,462 3,537 3,495 3,455 4,210 5,244
Operating Profit 253 325 372 382 473 918 935 1,140 1,393 1,575 1,536 1,736 1,840
OPM % 19% 22% 20% 21% 20% 33% 31% 32% 28% 31% 31% 29% 26%
140 35 14 14 29 24 82 111 17 93 147 538 549
Interest 72 114 139 134 272 800 908 994 1,021 1,043 970 1,004 1,040
Depreciation 69 85 132 139 152 269 264 291 258 300 276 338 371
Profit before tax 253 161 114 124 78 -126 -155 -35 131 326 438 932 978
Tax % 17% 28% 60% 56% 102% -77% -45% -239% 131% 51% 38% 17%
Net Profit 210 116 45 55 -1 -224 -225 -119 -40 160 273 771 814
EPS in Rs 8.78 5.26 3.55 4.11 3.42 -3.04 -7.31 -3.96 -1.19 5.89 9.84 27.73 29.09
Dividend Payout % 0% 0% 25% 24% 27% -33% -15% -13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 6%
TTM: 27%
Compounded Profit Growth
10 Years: 16%
5 Years: 32%
3 Years: 129%
TTM: 33%
Stock Price CAGR
10 Years: 7%
5 Years: -12%
3 Years: -10%
1 Year: -14%
Return on Equity
10 Years: 6%
5 Years: 30%
3 Years: 49%
Last Year: 50%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
63 55 53 79 79 94 94 94 140 140 143 143 140
Reserves 830 964 983 1,169 1,278 1,621 376 222 147 274 479 1,240 1,439
1,283 1,707 2,454 3,193 3,873 4,692 4,754 5,101 6,044 6,262 6,716 3,633 4,181
492 2,650 8,949 9,078 9,437 4,571 5,580 6,133 6,770 6,958 6,881 10,391 10,585
Total Liabilities 2,657 5,374 12,439 13,518 14,667 10,977 10,804 11,550 13,101 13,634 14,217 15,405 16,346
1,020 1,626 1,500 4,025 12,571 8,515 8,016 7,875 7,874 7,693 7,488 1,309 1,288
CWIP 604 2,678 9,610 7,962 151 20 37 46 58 77 62 73 100
Investments 139 205 282 285 240 228 186 247 284 186 214 65 54
893 865 1,046 1,246 1,705 2,215 2,565 3,381 4,885 5,678 6,454 13,959 14,904
Total Assets 2,657 5,374 12,439 13,518 14,667 10,977 10,804 11,550 13,101 13,634 14,217 15,405 16,346

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
134 2,472 6,500 386 390 251 827 621 -90 1,070 155 353
-432 -2,798 -7,074 -922 -812 -104 -63 -315 -244 -117 -176 -233
285 305 576 579 369 25 -866 -98 311 -571 -221 -35
Net Cash Flow -12 -21 2 43 -53 172 -101 208 -24 381 -242 85

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 58 36 17 27 57 67 44 70 78 67 66 47
Inventory Days 443 220 184 103 137 123 108
Days Payable 223 351 285 229 232 206 206
Cash Conversion Cycle 58 36 17 27 57 287 -87 -31 -48 -28 -17 -51
Working Capital Days 67 13 -22 -2 11 15 -102 -114 -70 -110 -21 78
ROCE % 11% 11% 9% 7% 7% 12% 12% 18% 20% 21% 20% 26%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
54.33 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48
5.47 3.71 3.20 3.24 3.97 3.48 2.80 2.40 2.13 2.43 1.93 2.00
31.62 29.63 27.35 27.64 27.43 24.31 23.01 21.87 21.47 19.83 19.10 19.47
8.58 12.18 14.97 14.64 14.12 17.73 19.70 21.25 21.92 23.26 24.48 24.05

* 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.

Click on the line-items to see the names of individual entities.

Documents

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