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 ₹ 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.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Receipt Of Letter Of Award (Loa)
25 Jan - The Company has received Letter of Award (LoA) from National Highway Authority of India (NHAI) for the Project viz. 'Request for proposal for Construction of …
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Receipt Of Provisional Certificate (COD) For NHAI Project
16 Jan - Receipt of Provisional Certificate (COD) for NHAI Project the Company informs the declaration of 19-11-22 as the CoD for its HAM Project of NHAI viz. …
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Receipt Of Letters Of Intent For Projects
7 Jan - The Company had submitted its bid to the Dakshinanchal Vidyut Vitran Nigam Ltd. ('Authority') for the following Projects. a. Development of distribution infrastructure at Aligarh-2 …
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Lowest Bidder (L-1) For National Highway Authority Of India (NHAI)
7 Jan - Ashoka Buildcon Limited (the Company) has submitted Bid to National Highway Authority of India (NHAI) for the Project viz. 'Request for proposal for Construction of …
- Closure of Trading Window 29 Dec
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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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