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Ashoka Buildcon Overview

Ashoka Buildcon Ltd is an totally India-based infrastructure development agency. The Company is engaged in construction and maintenance of roads, and supporting services to land guide-operation of toll roads and others. The Company operates via three segments: Construction and Contract associated activities; BOT Projects, and Sales of Goods. Its Construction and Contract related activities segment includes execution of engineering and construction initiatives to provide solutions in civil and electrical engineering (on turnkey basis or in any o...Read More

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Ashoka Buildcon Key Financials

Market Cap ₹3897 Cr.

Stock P/E 2.2

P/B 0.6

Current Price ₹138.8

Book Value ₹ 225.2

Face Value 5

52W High ₹230.7

Dividend Yield 0%

52W Low ₹ 101

Ashoka Buildcon Share Price

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Volume
Price

Ashoka Buildcon Quarterly Price

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Ashoka Buildcon Peer Comparison

Ashoka Buildcon Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2154 2657 3052 2465 2489 2388 2694 1887 1851 1827
Other Income 41 42 86 29 40 38 61 50 57 39
Total Income 2195 2699 3138 2495 2529 2426 2755 1937 1908 1866
Total Expenditure 1608 2060 2417 1866 1584 1749 1917 1288 1266 1392
Operating Profit 587 639 721 628 945 677 838 649 642 474
Interest 321 337 334 308 307 313 318 311 318 200
Depreciation 99 103 68 94 98 58 40 38 40 42
Exceptional Income / Expenses 0 0 107 0 0 0 0 0 -219 2376
Profit Before Tax 167 198 426 227 540 307 481 299 64 2609
Provision for Tax 60 90 163 69 78 -355 30 73 -26 498
Profit After Tax 106 108 263 158 462 661 451 227 91 2111
Adjustments -6 -12 -14 -7 -5 -7 -19 -9 -13 0
Profit After Adjustments 100 96 250 150 457 655 432 217 78 2111
Adjusted Earnings Per Share 3.6 3.4 8.9 5.4 16.3 23.3 15.4 7.7 2.8 75.2

Ashoka Buildcon Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2290 2224 2973 3601 4930 5070 4992 5999 8100 9798 10037 8259
Other Income 29 81 82 52 77 82 130 148 135 207 169 207
Total Income 2319 2305 3054 3653 5007 5152 5122 6147 8235 10005 10205 8466
Total Expenditure 1817 1305 2022 2462 3536 3495 3456 4210 6132 7547 7117 5863
Operating Profit 502 999 1032 1191 1471 1657 1666 1937 2103 2458 3089 2603
Interest 272 800 908 994 1021 1043 970 1004 1104 1310 1245 1147
Depreciation 152 269 264 291 258 300 276 338 341 367 290 160
Exceptional Income / Expenses 0 -57 0 0 -60 0 0 326 -72 107 0 2157
Profit Before Tax 78 -126 -155 -35 131 326 438 932 588 870 1555 3453
Provision for Tax 80 97 70 84 171 166 164 161 294 349 -179 575
Profit After Tax -1 -224 -225 -119 -40 160 273 771 294 521 1734 2880
Adjustments 83 138 19 8 7 5 3 7 -2 -18 -39 -41
Profit After Adjustments 81 -85 -205 -111 -33 165 276 779 292 503 1694 2838
Adjusted Earnings Per Share 3.4 -3 -7.3 -4 -1.2 5.9 9.8 27.7 10.4 17.9 60.3 101.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 19% 15% 16%
Operating Profit CAGR 26% 17% 13% 20%
PAT CAGR 233% 31% 61% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% 17% 10% 4%
ROE Average 57% 34% 47% 18%
ROCE Average 41% 33% 30% 22%

Ashoka Buildcon Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1357 1715 469 316 287 414 619 1381 1676 2220 3915
Minority's Interest 505 562 117 94 119 128 211 219 220 204 244
Borrowings 3584 4229 4549 4870 5407 5558 5876 2936 3860 3790 728
Other Non-Current Liabilities 7873 2709 2816 2968 2975 2927 3041 680 3448 3687 860
Total Current Liabilities 1338 1740 2820 3262 4257 4523 4409 3460 5347 6226 5021
Total Liabilities 14657 10955 10771 11510 13045 13551 14156 15375 17044 19005 20170
Fixed Assets 12571 8515 8016 7875 7874 7660 7457 1275 6893 6656 1086
Other Non-Current Assets 822 540 710 1254 1755 2398 2777 2736 963 1318 1326
Total Current Assets 1264 1900 2045 2382 3416 3493 3923 4800 4894 5697 5696
Total Assets 14657 10955 10771 11510 13045 13551 14156 15375 17044 19005 20170

Ashoka Buildcon Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 69 155 156 15 223 199 580 339 424 294 894
Cash Flow from Operating Activities 390 251 827 621 -90 1070 155 353 492 749 1673
Cash Flow from Investing Activities -812 -104 -63 -315 -244 -117 -176 -233 -311 258 -626
Cash Flow from Financing Activities 369 25 -866 -98 311 -571 -221 -35 -311 -407 -1052
Net Cash Inflow / Outflow -53 171 -101 208 -24 381 -242 85 -130 600 -4
Closing Cash & Cash Equivalent 16 326 55 223 199 580 339 424 294 894 890

Ashoka Buildcon Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.42 -3.04 -7.31 -3.96 -1.19 5.89 9.84 27.73 10.42 17.92 60.35
CEPS(Rs) 6.32 1.62 1.4 6.15 7.76 16.39 19.57 39.53 22.62 31.63 72.07
DPS(Rs) 1.4 1.5 1.6 0.8 0 0 0 0 0 0 0
Book NAV/Share(Rs) 57.03 61.08 16.72 11.25 10.22 14.76 22.06 49.19 59.69 79.09 139.47
Core EBITDA Margin(%) 20.61 41.19 31.9 31.63 28.28 31.07 30.76 29.82 24.3 22.98 29.09
EBIT Margin(%) 15.26 30.2 25.27 26.61 23.37 27 28.19 32.27 20.89 22.25 27.9
Pre Tax Margin(%) 3.41 -5.66 -5.2 -0.97 2.65 6.43 8.77 15.54 7.26 8.88 15.49
PAT Margin (%) -0.06 -10.03 -7.54 -3.29 -0.82 3.16 5.48 12.86 3.63 5.32 17.27
Cash Profit Margin (%) 6.55 2.04 1.32 4.8 4.42 9.07 11.01 18.5 7.84 9.06 20.16
ROA(%) -0.01 -1.75 -2.07 -1.07 -0.33 1.21 1.97 5.22 1.81 2.89 8.85
ROE(%) -0.1 -14.56 -20.57 -30.22 -13.37 45.74 52.92 77.14 19.23 26.76 56.51
ROCE(%) 7.1 11.39 12.95 18.02 19.61 21.07 20.11 31.39 27.77 29.37 41.38
Receivable days 39.35 72.09 53.72 53.18 64.31 71.25 66.8 50.5 37.91 36.82 41.28
Inventory Days 107.8 147.49 87.75 39.46 31.31 31 31.86 26.97 22.76 23.45 22.5
Payable days 250.79 659.52 319.65 256.95 186.79 257.37 205.51 186.89 125.54 116.59 139.94
PER(x) 34.79 0 0 0 0 7.01 10.34 3.09 7.1 8.74 3.19
Price/Book(x) 2.09 1.86 7.72 14.59 12.61 2.8 4.61 1.74 1.24 1.98 1.38
Dividend Yield(%) 0.78 0.88 0.83 0.32 0 0 0 0 0 0 0
EV/Net Sales(x) 2.99 3.47 2.78 2.63 1.91 1.31 1.79 0.88 0.86 0.92 0.7
EV/Core EBITDA(x) 13.65 7.71 8.02 7.94 6.41 4.02 5.37 2.74 3.33 3.67 2.26
Net Sales Growth(%) 23.92 -2.9 33.69 21.13 36.91 2.85 -1.55 20.18 35.03 20.96 2.43
EBIT Growth(%) 36.16 92.21 11.83 27.34 20.14 18.82 2.81 37.57 -12.6 28.86 28.42
PAT Growth(%) -102.46 0 -0.46 47.18 66.05 498.06 70.54 182.07 -61.9 77.32 232.6
EPS Growth(%) -16.74 -188.79 -140.51 45.86 69.9 594.08 67.09 181.86 -62.44 72.04 236.75
Debt/Equity(x) 2.99 2.74 10.13 16.15 21.07 15.09 10.84 2.62 3.29 2.45 0.5
Current Ratio(x) 0.94 1.09 0.73 0.73 0.8 0.77 0.89 1.39 0.92 0.92 1.13
Quick Ratio(x) 0.4 0.47 0.6 0.6 0.7 0.68 0.79 1.26 0.81 0.8 1.03
Interest Cover(x) 1.29 0.84 0.83 0.96 1.13 1.31 1.45 1.93 1.53 1.66 2.25
Total Debt/Mcap(x) 1.43 1.47 1.31 1.11 1.67 5.39 2.35 1.51 2.65 1.24 0.36

Ashoka Buildcon Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48 54.48
FII 4.51 7.24 7.63 7.96 8.52 7.48 7.29 7.45 7.46 5.9
DII 19.72 17.63 19.33 17.79 15.46 14.93 14.16 14.06 14.44 14.39
Public 21.28 20.65 18.56 19.78 21.55 23.12 24.07 24.01 23.63 25.23
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ashoka Buildcon News

Ashoka Buildcon Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Company has delivered good profit growth of 61% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 116.59 to 139.94days.
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