Construction
Valuation | |
|---|---|
| Market Cap | 4.22 kCr |
| Price/Earnings (Trailing) | 3.05 |
| Price/Sales (Trailing) | 0.47 |
| EV/EBITDA | 1.88 |
| Price/Free Cashflow | 3.5 |
| MarketCap/EBT | 3.66 |
| Enterprise Value | 4.87 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -7.4% |
| Price Change 1M | -12% |
| Price Change 6M | -27.2% |
| Price Change 1Y | -48.1% |
| 3Y Cumulative Return | 19.6% |
| 5Y Cumulative Return | 9.9% |
| 7Y Cumulative Return | 1.7% |
| 10Y Cumulative Return | 2.5% |
| Revenue (TTM) |
| 9.03 kCr |
| Rev. Growth (Yr) | -24.6% |
| Earnings (TTM) | 1.43 kCr |
| Earnings Growth (Yr) | -80.4% |
Profitability | |
|---|---|
| Operating Margin | 15% |
| EBT Margin | 13% |
| Return on Equity | 31.96% |
| Return on Assets | 7.46% |
| Free Cashflow Yield | 28.57% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -659.64 Cr |
| Cash Flow from Operations (TTM) | 1.69 kCr |
| Cash Flow from Financing (TTM) | -1.01 kCr |
| Cash & Equivalents | 1.25 kCr |
| Free Cash Flow (TTM) | 1.54 kCr |
| Free Cash Flow/Share (TTM) | 54.72 |
Balance Sheet | |
|---|---|
| Total Assets | 19.19 kCr |
| Total Liabilities | 14.71 kCr |
| Shareholder Equity | 4.48 kCr |
| Current Assets | 7.1 kCr |
| Current Liabilities | 5.12 kCr |
| Net PPE | 319.25 Cr |
| Inventory | 465.85 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.1 |
| Debt/Equity | 0.43 |
| Interest Coverage | -0.09 |
| Interest/Cashflow Ops | 2.36 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend Yield | 0.52% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Past Returns: In past three years, the stock has provided 19.6% return compared to 12.5% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 16%.
Technicals: Bullish SharesGuru indicator.
Momentum: Stock is suffering a negative price momentum. Stock is down -12% in last 30 days.
Past Returns: In past three years, the stock has provided 19.6% return compared to 12.5% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 16%.
Technicals: Bullish SharesGuru indicator.
Momentum: Stock is suffering a negative price momentum. Stock is down -12% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.52% |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 49.24 |
Financial Health | |
|---|---|
| Current Ratio | 1.39 |
| Debt/Equity | 0.43 |
Technical Indicators | |
|---|---|
| RSI (14d) | 23.84 |
| RSI (5d) | 14.22 |
| RSI (21d) | 27.24 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Ashoka Buildcon's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Ashoka Buildcon Limited's management provided a positive outlook for FY '26, targeting a revenue growth of 10% to 12%. They anticipate achieving around INR 10,000 to INR 12,000 crores in order inflows from a mix of projects across roads, railways, and power sectors.
Key points highlighted include:
The company is benefiting from the National Highways Authority of India (NHAI) aiming to roll out approximately INR 1.5 lakh crores worth of projects, with current visibility at around INR 75,000 crores.
The management expects to catch up on execution in Q3 and Q4 after facing delays in Q1 due to early monsoons and mobilization stages of new projects.
Significant cash inflows are anticipated from the monetization of assets, including approximately INR 2,800 to 3,000 crores from 5 BOT projects and around INR 1,100 crores from 5 HAM projects, expected to be completed by September 30, 2025.
The company's order book stands at INR 15,886 crores, with an emphasis on maintaining diverse sectors such as roads (65.7%) and power transmission (31.4%).
Financially, Q1 FY '26 saw total income at INR 1,339 crores, down 30% year-on-year, while EBITDA improved by 4% to INR 151 crores, with a margin increase of 370 bps to 11.3%. Net profits declined by 25% to INR 31 crores.
Innovation in traffic management through intelligent systems is also on the agenda, with revenues expected from incident management.
In summary, the management remains optimistic about growth potentials and project execution, strategically intending to reduce debt significantly post-monetization, while still navigating competitive bidding landscapes.
Understand Ashoka Buildcon ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Shobha Parakh | 13.55% |
| Asha Ashok Katariya . | 7.11% |
| Hdfc Trustee Company Ltd. A/C Hdfc Balanced Advantage Fund | 6.12% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund | 5.44% |
| Ashok Motilal Katariya . | 5.43% |
| Ashok Motilal Katariya Huf . | 5.18% |
| Ashish Ashok Kataria . |
Detailed comparison of Ashoka Buildcon against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Comprehensive comparison against sector averages
ASHOKA metrics compared to Construction
| Category | ASHOKA | Construction |
|---|---|---|
| PE | 3.05 | 22.55 |
| PS | 0.47 | 1.64 |
| Growth | -16.9 % | 5.1 % |
Ashoka Buildcon is a civil construction company based in Nashik, India, with the stock ticker ASHOKA. It boasts a market capitalization of Rs. 5,317.7 Crores.
The company is primarily engaged in the infrastructure development sector, operating through various segments including Construction & Contract Related Activity, Built, Operate and Transfer (BOT), and Sale of Goods. Ashoka Buildcon specializes in constructing infrastructure facilities on both an engineering, procurement, and construction basis, as well as on a built, operate, and transfer basis.
Its projects encompass a wide range of infrastructure, such as highways, bridges, power projects, buildings, city gas distribution projects, water projects, and railways. The company also sells ready mix concrete and real estate properties. Beyond construction, Ashoka Buildcon develops software for educational institutions, distributes gas, and provides consultancy services.
Founded in 1976, Ashoka Buildcon has demonstrated strong financial performance, with a trailing twelve months revenue of Rs. 10,587.9 Crores, and a profit of Rs. 1,536.2 Crores over the past four quarters. The company has experienced significant growth, achieving an impressive 80.4% revenue growth over the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
ASHOKA vs Construction (2021 - 2026)
Q1 FY'26 Earnings Call: Key Questions and Answers
Question: What is leading to muted order execution this quarter given the 30% revenue decline and a 15% growth in the order book?
Answer: There are a couple of reasons behind this. Primarily, the early onset of the monsoon has affected our execution. Moreover, while we received seven new projects, only three have advanced thus far, with four still in mobilization. This lag has directly contributed to the decline in our Q1 turnover.
Question: What growth can we expect in execution for FY'26?
Answer: We anticipate about 10% growth overall for the fiscal year. Q1 and Q2 may be slightly subdued, but we plan to ramp up in Q3 and Q4, where we expect all projects to operate at full capacity.
Question: How is the NHAI project pipeline looking, especially with the government's goal of INR1.5 lakh crore?
Answer: Currently, we see a visibility of around INR75,000 crores in the NHAI pipeline, with plans to ramp it up to INR1.5 lakh crores. Historically, NHAI has achieved 80-90% of their announcements, so we're optimistic about this potential.
Question: Can you provide guidance for FY'26 regarding revenue and order inflow?
Answer: We expect to secure orders worth INR10,000 to INR12,000 crores this year, with quarterly targets around INR3,000 crores moving forward. We also anticipate a revenue growth of 10-12%.
Question: What is the expected timeline for the monetization of BOT and HAM assets?
Answer: We expect to close the sale of five BOT projects by September 30, 2025. The first five HAM projects should close by late August or early September. This includes unlocking significant cash flows for our commitments.
Question: What is the expected cash inflow from the monetization of these assets?
Answer: For the first five BOT projects, we estimate inflows of around INR2,800 to INR3,000 crores. The first set of HAM projects is expected to generate about INR1,000 crores. The proceeds will primarily be used to pay off debts.
Question: Can you elaborate on revenue sources from the intelligent traffic management system?
Answer: Revenue will primarily derive from incident management, including fines for speeding, seatbelt enforcement, and other infractions managed via cameras installed along highways. We anticipate significant income while sharing profits with the government above a capped IRR of 18%.
Question: What is the anticipated impact of project cancellations on your order book?
Answer: A significant project was withdrawn by the court, impacting our order book with a value of INR850 crores. While this project is off our books, we expect opportunities for rebidding in the future.
Question: What are the capital expenditure plans for the year?
Answer: Our capex for Q1 was INR23 crores, with a total expected capex of approximately INR125 crores for the full year, focused on completing ongoing projects and new ventures.
Question: What is the impact of cash influx post-monetization on your debt levels?
Answer: Post-monetization, we aim to reduce our standalone debt from INR1,600 crores to around INR500-600 crores, significantly improving our balance sheet. Total project-level debt will also decrease considerably, leaving us with a clean slate for future investments.
| 4.88% |
| Ashish Ashok Katariya (Huf) . | 4.55% |
| Astha Ashish Katariya | 4% |
| Sbi Infrastructure Fund | 2.13% |
| Satish Parakh | 2.1% |
| Shweta Keyur Modi . | 2.06% |
| Satish Dhondulal Parakh (Huf) | 1.92% |
| Ashoka Premises Pvt Ltd | 1.17% |
| Ayush Ashish Kataria | 1.02% |
| Aditya Satish Parakh . | 0.92% |
| Sanjay Prabhakar Londhe | 0.15% |
| Snehal Manjeet Khatri . | 0.15% |
| Lemon Tree Trust - Trustee Satish Dhondulal Parakh | 0.09% |
| Rohan Sanjay Londhe . | 0.05% |
Distribution across major stakeholders
Distribution across major institutional holders
| -5.4% |
| 283 |
| 299 |
| 481 |
| 307 |
| 540 |
| 227 |
| Exceptional items before tax | - | -219.29 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -78.9% | 64 | 299 | 481 | 307 | 540 | 227 |
| Current tax | 31.4% | 68 | 52 | 67 | 55 | 116 | 50 |
| Deferred tax | -578.4% | -94.68 | 21 | -37.21 | -409.77 | -37.87 | 19 |
| Total tax | -138.1% | -26.46 | 73 | 30 | -354.84 | 78 | 69 |
| Total profit (loss) for period | -60.2% | 91 | 227 | 452 | 661 | 462 | 158 |
| Other comp. income net of taxes | 14.7% | 0.01 | -0.16 | 1.54 | -0.06 | -0.08 | -0.03 |
| Total Comprehensive Income | -60.2% | 91 | 227 | 453 | 661 | 462 | 158 |
| Earnings Per Share, Basic | -73.6% | 2.78 | 7.74 | 15.4 | 23.32 | 16.28 | 5.355 |
| Earnings Per Share, Diluted | 25.8% | 9.48 | 7.74 | 15.4 | 23.32 | 16.28 | 5.355 |
| Debt equity ratio | -0.5% | 0.0139 | 0.0185 | 0.0193 | 0.0218 | 0.03 | - |
| Debt service coverage ratio | -0.1% | 0.0109 | 0.0122 | 0.015 | 0.0142 | 0.02 | - |
| Interest service coverage ratio | -0.1% | 0.0202 | 0.0208 | 0.0264 | 0.0217 | 0.03 | - |
| 30% |
| 296 |
| 228 |
| 141 |
| 86 |
| 77 |
| 85 |
| Depreciation and Amortization | -6.7% | 98 | 105 | 74 | 70 | 87 | 111 |
| Other expenses | -2.4% | 3,392 | 3,474 | 3,221 | 2,476 | 1,881 | 2,025 |
| Total Expenses | -7.7% | 6,909 | 7,483 | 6,054 | 4,244 | 3,462 | 3,548 |
| Profit Before exceptional items and Tax | -22.1% | 279 | 358 | 424 | 546 | 547 | 534 |
| Exceptional items before tax | -100.5% | 0 | 217 | 349 | -769.6 | 0 | 0 |
| Total profit before tax | -51.6% | 279 | 575 | 773 | -223.59 | 547 | 534 |
| Current tax | -49% | 79 | 154 | 112 | 92 | 143 | 143 |
| Deferred tax | 105.5% | 2.2 | -20.84 | -10.02 | -6.76 | -4.01 | 4.33 |
| Total tax | -38.6% | 82 | 133 | 102 | 85 | 139 | 147 |
| Total profit (loss) for period | -55.7% | 197 | 443 | 671 | -308.65 | 408 | 387 |
| Other comp. income net of taxes | -36.7% | -0.34 | 0.02 | -0.26 | 0.63 | -0.33 | -0.23 |
| Total Comprehensive Income | -55.7% | 197 | 443 | 671 | -308.02 | 408 | 387 |
| Earnings Per Share, Basic | -59.2% | 7.03 | 15.772 | 23.912 | -10.995 | 14.538 | 13.791 |
| Earnings Per Share, Diluted | -59.2% | 7.03 | 15.772 | 23.912 | -10.995 | 14.538 | 13.791 |
| Debt equity ratio | - | 051 | - | - | - | - | 017 |
| Debt service coverage ratio | - | 072 | - | - | - | - | 02 |
| Interest service coverage ratio | - | 0.0227 | - | - | - | - | 0.1083 |
| -4% |
| 292 |
| 304 |
| 305 |
| 320 |
| 308 |
| 273 |
| Capital work-in-progress | -69.8% | 5.53 | 16 | 9.03 | 2.2 | 11 | 28 |
| Non-current investments | 1.1% | 1,276 | 1,262 | 1,478 | 1,480 | 1,390 | 1,354 |
| Loans, non-current | - | 0 | 0 | 20 | 19 | 0 | 0 |
| Total non-current financial assets | -14% | 1,580 | 1,837 | 1,989 | 1,892 | 1,647 | 1,553 |
| Total non-current assets | -10.4% | 2,128 | 2,376 | 2,509 | 2,404 | 2,198 | 2,049 |
| Total assets | 4.1% | 9,778 | 9,392 | 8,881 | 8,734 | 7,728 | 7,200 |
| Borrowings, non-current | -2.9% | 1,001 | 1,031 | 756 | 197 | 166 | 76 |
| Total non-current financial liabilities | -1.9% | 1,175 | 1,198 | 864 | 306 | 273 | 198 |
| Provisions, non-current | 3.4% | 62 | 60 | 42 | 48 | 39 | 45 |
| Total non-current liabilities | 5.5% | 1,952 | 1,850 | 1,229 | 745 | 826 | 626 |
| Borrowings, current | 28.5% | 1,321 | 1,028 | 1,495 | 1,246 | 1,135 | 922 |
| Total current financial liabilities | 5% | 2,872 | 2,734 | 2,584 | 2,866 | 2,234 | 2,010 |
| Provisions, current | 26.1% | 30 | 24 | 20 | 14 | 41 | 21 |
| Current tax liabilities | 456.6% | 9.46 | 2.52 | 12 | 14 | 3.26 | 3.26 |
| Total current liabilities | 3.3% | 3,630 | 3,515 | 3,763 | 4,176 | 3,400 | 3,161 |
| Total liabilities | 4% | 5,599 | 5,382 | 4,992 | 4,921 | 4,271 | 3,830 |
| Equity share capital | 0% | 140 | 140 | 140 | 140 | 140 | 140 |
| Total equity | 4.2% | 4,179 | 4,009 | 3,890 | 3,812 | 3,457 | 3,370 |
| Total equity and liabilities | 4.1% | 9,778 | 9,392 | 8,881 | 8,734 | 7,728 | 7,200 |
| -37.5% |
| 96 |
| 153 |
| 139 |
| 151 |
| - |
| - |
| Other inflows (outflows) of cash | - | -54.06 | 0 | 0 | 0 | - | - |
| Net Cashflows From Operating Activities | -244.9% | -591.48 | 410 | 73 | 161 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 0 | 457 | - | - |
| Cash payment for investment in partnership firm or association of persons or LLP | - | 0 | 0 | 0 | 56 | - | - |
| Proceeds from sales of PPE | 708.1% | 17 | 2.98 | 0 | 7.97 | - | - |
| Purchase of property, plant and equipment | -9.6% | 105 | 116 | 110 | 61 | - | - |
| Proceeds from sales of investment property | -99.3% | 3.05 | 287 | 3.89 | 0 | - | - |
| Purchase of investment property | -131.2% | 0 | 4.21 | 0 | 73 | - | - |
| Proceeds from sales of intangible assets | - | 0 | 0 | 43 | 0 | - | - |
| Proceeds from sales of long-term assets | -38.1% | 27 | 43 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | 32.7% | 66 | 50 | 136 | 0 | - | - |
| Interest received | 17.9% | 34 | 29 | 22 | 18 | - | - |
| Net Cashflows From Investing Activities | 117.7% | 51 | -281.54 | -390.85 | -251.73 | - | - |
| Proceeds from borrowings | 168.3% | 1,238 | 462 | 556 | 128 | - | - |
| Repayments of borrowings | 1005.3% | 631 | 58 | 78 | 78 | - | - |
| Payments of lease liabilities | -36.6% | 3.39 | 4.77 | 4.71 | 4.79 | - | - |
| Interest paid | 30.5% | 296 | 227 | 137 | 80 | - | - |
| Other inflows (outflows) of cash | - | 11 | 0 | 0 | 60 | - | - |
| Net Cashflows from Financing Activities | 84.3% | 318 | 173 | 336 | 25 | - | - |
| Net change in cash and cash eq. | -174.6% | -222.69 | 301 | 18 | -65.19 | - | - |
Analysis of Ashoka Buildcon's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Construction & Contract | 64.6% | 1.2 kCr |
| BOT / Annuity Projects | 32.7% | 604.8 Cr |
| Sale of Goods | 2.8% | 51.2 Cr |
| Total | 1.9 kCr |