Ashoka Buildcon Ltd

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

Ashoka Buildcon Ltd

₹ 121 2.44%
09 Jun - 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 ₹ 3,387 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 223 / 101
  • Stock P/E 4.21
  • Book Value ₹ 234
  • Dividend Yield 0.00 %
  • ROCE 26.5 %
  • ROE 15.3 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.52 times its book value
  • Company has delivered good profit growth of 23.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.54% over past five years.
  • Earnings include an other income of Rs.2,327 Cr.
  • Debtor days have increased from 53.9 to 78.1 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 30.4 days to 142 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 Industrials Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,448 1,935 2,154 2,657 3,052 2,465 2,489 2,388 2,694 1,887 1,851 1,827 1,954
1,893 1,462 1,608 2,070 2,426 1,866 1,584 1,749 1,917 1,288 1,266 1,392 1,696
Operating Profit 556 473 546 587 626 599 905 639 777 599 585 435 258
OPM % 23% 24% 25% 22% 21% 24% 36% 27% 29% 32% 32% 24% 13%
-42 38 41 42 193 29 40 39 61 50 -163 2,416 25
Interest 288 319 321 337 334 308 307 313 318 311 318 200 82
Depreciation 87 96 99 103 68 94 98 58 40 38 40 42 41
Profit before tax 139 97 167 189 417 227 540 307 481 300 64 2,609 160
Tax % 132% 26% 29% 48% 39% 30% 14% -116% 6% 24% -41% 19% 8%
-45 72 119 99 254 158 462 662 452 227 91 2,111 147
EPS in Rs -1.49 2.41 4.00 3.43 8.89 5.36 16.28 23.32 15.40 7.74 2.78 75.21 5.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,320 2,825 2,973 3,601 4,930 5,070 4,992 5,999 8,100 9,798 10,037 7,520
1,847 1,907 2,037 2,462 3,537 3,495 3,455 4,210 6,132 7,564 7,117 5,642
Operating Profit 473 918 935 1,140 1,393 1,575 1,536 1,789 1,969 2,235 2,920 1,878
OPM % 20% 33% 31% 32% 28% 31% 31% 30% 24% 23% 29% 25%
29 24 82 111 17 93 147 485 64 312 170 2,327
Interest 272 800 908 994 1,021 1,043 970 1,004 1,104 1,310 1,245 912
Depreciation 152 269 264 291 258 300 276 338 341 367 290 161
Profit before tax 78 -126 -155 -35 131 326 438 932 588 870 1,555 3,132
Tax % 102% 77% 45% 239% 131% 51% 38% 17% 50% 40% -12% 18%
-1 -224 -225 -119 -40 160 273 771 294 521 1,734 2,576
EPS in Rs 3.42 -3.04 -7.31 -3.96 -1.19 5.89 9.84 27.73 10.42 17.92 60.35 90.84
Dividend Payout % 27% -33% -15% -13% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: -2%
TTM: -25%
Compounded Profit Growth
10 Years: 28%
5 Years: 24%
3 Years: 35%
TTM: -52%
Stock Price CAGR
10 Years: 3%
5 Years: 4%
3 Years: 15%
1 Year: -45%
Return on Equity
10 Years: 24%
5 Years: 29%
3 Years: 29%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 79 94 94 94 140 140 140 140 140 140 140 140
Reserves 1,278 1,621 376 222 147 274 479 1,240 1,535 2,080 3,775 6,439
3,873 4,692 4,754 5,102 6,044 6,262 6,719 3,635 5,509 5,450 1,988 1,608
9,437 4,571 5,580 6,132 6,770 6,958 6,879 10,389 9,860 11,338 14,670 4,862
Total Liabilities 14,667 10,977 10,804 11,550 13,101 13,634 14,217 15,405 17,045 19,009 20,573 13,050
12,571 8,515 8,016 7,875 7,874 7,693 7,488 1,309 6,927 6,689 1,124 1,162
CWIP 151 20 37 46 58 77 62 73 62 39 53 54
Investments 240 228 186 247 284 186 214 65 73 112 221 440
1,705 2,215 2,565 3,381 4,885 5,678 6,454 13,959 9,982 12,169 19,175 11,394
Total Assets 14,667 10,977 10,804 11,550 13,101 13,634 14,217 15,405 17,045 19,009 20,573 13,050

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
390 251 827 621 -90 1,070 155 353 492 749 1,673 655
-812 -104 -63 -315 -244 -117 -176 -233 -311 258 -626 1,276
369 25 -866 -98 311 -571 -221 -35 -311 -407 -1,052 -1,590
Net Cash Flow -53 172 -101 208 -24 381 -242 85 -130 600 -4 341
Free Cash Flow -497 142 696 462 -300 966 73 216 317 606 1,573 547
CFO/OP 101% 39% 98% 65% 7% 81% 20% 30% 34% 44% 68% 47%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 57 67 44 70 78 67 66 46 41 39 44 78
Inventory Days 443 220 184 103 137 123 108 77 71 67 33
Days Payable 223 351 285 229 232 206 206 146 160 157 69
Cash Conversion Cycle 57 287 -87 -31 -48 -28 -17 -52 -28 -49 -46 42
Working Capital Days -20 -11 -113 -120 -94 -129 -83 35 -48 -54 3 142
ROCE % 7% 11% 12% 18% 20% 20% 20% 25% 28% 27% 40% 27%

Insights

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Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross Toll Collection
Rs. Crs.

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Order Book
Rs. Crs.
Total Lane Kms Constructed (Cumulative)
Lane Kms
Villages Illuminated through Power T&D Projects
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
54.48% 54.48% 54.48% 54.47% 54.47% 54.47% 54.47% 54.47% 54.47% 54.47% 54.47% 54.47%
2.40% 2.97% 4.51% 7.23% 7.63% 7.95% 8.52% 7.48% 7.29% 7.45% 7.46% 5.90%
18.64% 19.96% 19.72% 17.63% 19.32% 17.79% 15.46% 14.93% 14.16% 14.06% 14.45% 14.39%
24.48% 22.60% 21.28% 20.66% 18.57% 19.80% 21.55% 23.12% 24.07% 24.02% 23.62% 25.22%
No. of Shareholders 1,37,9541,34,3651,28,0211,53,5881,54,0291,59,5701,73,2391,91,0681,98,9521,99,2561,95,0121,96,709

* 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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