Ashoka Buildcon Ltd

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

Ashoka Buildcon Ltd

₹ 288 -1.70%
12 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 concrete).[1]

Key Points

Company Overview
Ashoka Buildcon Limited is a Fortune India 500 company and one of the leading highway developers in India. The company is an integrated EPC, BOT, and HAM player. It is engaged in segments that are Highways & Bridges, Power (EPC), Railway Works, Buildings (EPC), City Gas Distribution, and Smart Infrastructure. It has executed/been executing 41 PPP Projects and has a presence in 20+ states. [1] [2]

Website BSE NSE
  • Market Cap ₹ 8,094 Cr.
  • Current Price ₹ 288
  • High / Low ₹ 299 / 131
  • Stock P/E 9.10
  • Book Value ₹ 101
  • Dividend Yield 0.00 %
  • ROCE 27.1 %
  • ROE 22.7 %
  • Face Value ₹ 5.00
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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 has low interest coverage ratio.
  • 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 Industrials BSE Allcap Nifty Total Market BSE SmallCap Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,265 1,440 1,992 1,879 1,808 1,956 2,448 1,935 2,154 2,657 3,052 2,465 2,489
858 1,042 1,424 1,395 1,382 1,466 1,893 1,462 1,608 2,070 2,426 1,866 1,584
Operating Profit 407 398 567 484 425 490 556 473 546 587 626 599 905
OPM % 32% 28% 28% 26% 24% 25% 23% 24% 25% 22% 21% 24% 36%
40 365 69 43 37 41 -42 38 41 42 193 29 40
Interest 249 255 259 250 276 290 288 319 321 337 334 308 307
Depreciation 71 87 117 84 82 88 87 96 99 103 68 94 98
Profit before tax 126 421 260 193 104 152 139 97 167 189 417 227 540
Tax % 38% 8% 14% 30% 37% 9% 132% 26% 29% 48% 39% 30% 14%
78 389 225 135 66 138 -45 72 119 99 254 158 462
EPS in Rs 2.85 13.98 8.05 4.79 2.27 4.85 -1.49 2.41 4.00 3.43 8.89 5.36 16.28
Raw PDF

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 10,663
1,481 1,413 1,847 1,907 2,037 2,462 3,537 3,495 3,455 4,210 6,132 7,564 7,946
Operating Profit 372 382 473 918 935 1,140 1,393 1,575 1,536 1,789 1,969 2,235 2,718
OPM % 20% 21% 20% 33% 31% 32% 28% 31% 31% 30% 24% 23% 25%
14 14 29 24 82 111 17 93 147 485 64 312 304
Interest 139 134 272 800 908 994 1,021 1,043 970 1,004 1,104 1,310 1,286
Depreciation 132 139 152 269 264 291 258 300 276 338 341 367 363
Profit before tax 114 124 78 -126 -155 -35 131 326 438 932 588 870 1,373
Tax % 60% 56% 102% 77% 45% 239% 131% 51% 38% 17% 50% 40%
45 55 -1 -224 -225 -119 -40 160 273 771 294 521 973
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 33.96
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: 26%
Compounded Profit Growth
10 Years: 22%
5 Years: 61%
3 Years: 17%
TTM: 252%
Stock Price CAGR
10 Years: 12%
5 Years: 25%
3 Years: 44%
1 Year: 94%
Return on Equity
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.47% 54.47% 54.47%
2.40% 2.13% 2.43% 1.93% 2.00% 1.90% 2.40% 2.97% 4.51% 7.23% 7.63% 7.95%
21.87% 21.47% 19.83% 19.10% 19.47% 19.67% 18.64% 19.96% 19.72% 17.63% 19.32% 17.79%
21.25% 21.92% 23.26% 24.48% 24.05% 23.93% 24.48% 22.60% 21.28% 20.66% 18.57% 19.80%
No. of Shareholders 1,20,4431,24,4821,37,5561,39,8801,36,3981,39,8441,37,9541,34,3651,28,0211,53,5881,54,0291,59,570

* 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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