BSE: 533271 | NSE: ASHOKA | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ashoka Buildcon Ltd is a good quality company.
The key valuation ratios of Ashoka Buildcon Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ashoka Buildcon Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.1% | 11.4% | 13% | 18% | 19.6% | 21.1% | 20.1% | 31.4% | 27.8% | 29.4% | - |
| Value Creation Index ⓘ | -0.5 | -0.2 | -0.1 | 0.3 | 0.4 | 0.5 | 0.4 | 1.2 | 1.0 | 1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,290 | 2,224 | 2,973 | 3,601 | 4,930 | 5,070 | 4,992 | 5,999 | 8,100 | 9,798 | 10,663 |
| Sales YoY Gr. | - | -2.9% | 33.7% | 21.1% | 36.9% | 2.9% | -1.6% | 20.2% | 35% | 21% | - |
| Adj EPS ⓘ | 4.2 | -1.8 | -8.4 | -4.2 | -0.1 | 5.5 | 9.8 | 19.5 | 12.2 | 15.3 | 34.4 |
| YoY Gr. | - | -143% | NA | NA | NA | NA | 77.6% | 98.6% | -37.7% | 25.6% | - |
| BVPS (₹) ⓘ | 57 | 61.1 | 16.7 | 11.3 | 10.2 | 14.8 | 22.1 | 49.2 | 59.7 | 79.1 | 100.7 |
| Adj Net Profit ⓘ | 101 | -51.1 | -237 | -117 | -1.5 | 155 | 276 | 548 | 341 | 428 | 964 |
| Cash Flow from Ops. ⓘ | 390 | 251 | 827 | 621 | -90.3 | 1,070 | 155 | 353 | 492 | 749 | - |
| Debt/CF from Ops. ⓘ | 10.4 | 18.7 | 5.8 | 8.2 | -67 | 5.8 | 43.2 | 10.3 | 11.2 | 7.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.5% | 14.7% | 25.2% | 21% | ||||
| Adj EPS ⓘ | 15.3% | NA | 15.8% | 25.6% | ||||
| BVPSⓘ | 3.7% | 50.6% | 53.1% | 32.5% | ||||
| Share Price | 9.7% | 19.8% | 30.6% | 60% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.7 | -3.3 | -21.7 | -29.7 | -0.5 | 44.3 | 53.4 | 54.8 | 22.3 | 22 | 38.2 |
| Op. Profit Mgn % ⓘ | 22.3 | 41.3 | 32 | 31.6 | 28.3 | 31.1 | 30.8 | 29.8 | 24.3 | 23 | 25.7 |
| Net Profit Mgn % ⓘ | 0.8 | -8.5 | -8.6 | -3.5 | -0.2 | 3 | 5.5 | 9 | 4.2 | 4.6 | 9 |
| Debt to Equity ⓘ | 3 | 2.7 | 10.1 | 16.2 | 21.1 | 15.1 | 10.8 | 2.6 | 3.3 | 2.5 | 1.3 |
| Working Cap Days ⓘ | 223 | 301 | 273 | 280 | 284 | 340 | 388 | 377 | 265 | 207 | 93 |
| Cash Conv. Cycle ⓘ | 46 | 87 | 52 | 11 | 17 | 19 | 21 | 12 | 7 | 1 | -5 |
Return on Equity has increased versus last 3 years average to 38.20%
Sales growth is growing at healthy rate in last 3 years 25.21%
Net Profit is growing at healthy rate in last 3 years 15.83%
Debt to equity has declined versus last 3 years average to 2.45
Sales growth is good in last 4 quarters at 25.86%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.4 | 34.4 |
| TTM Sales (₹ Cr.) | 7,928 | 10,663 |
| BVPS (₹.) ⓘ | 138.6 | 100.7 |
| Reserves (₹ Cr.) ⓘ | 3,749 | 2,687 |
| P/BV ⓘ | 1.69 | 2.33 |
| PE ⓘ | 15.23 | 6.82 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 130.95 / 284.75 |
| All Time Low / High (₹) | 27.53 / 284.75 |
| Market Cap (₹ Cr.) | 6,576 |
| Equity (₹ Cr.) | 140.4 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,290 | 2,224 | 2,973 | 3,601 | 4,930 | 5,070 | 4,992 | 5,999 | 8,100 | 9,798 |
| Operating Expenses ⓘ | 1,817 | 1,305 | 2,022 | 2,462 | 3,536 | 3,495 | 3,456 | 4,210 | 6,132 | 7,547 |
| Manufacturing Costs | 816 | 756 | 1,146 | 1,338 | 1,632 | 1,798 | 1,512 | 2,122 | 2,819 | 3,144 |
| Material Costs | 733 | 283 | 597 | 832 | 1,508 | 1,159 | 1,291 | 1,520 | 2,662 | 3,592 |
| Employee Cost | 67 | 96 | 118 | 141 | 188 | 293 | 321 | 354 | 388 | 439 |
| Other Costs ⓘ | 201 | 171 | 161 | 150 | 207 | 245 | 332 | 213 | 262 | 372 |
| Operating Profit ⓘ | 473 | 918 | 951 | 1,140 | 1,394 | 1,575 | 1,535 | 1,789 | 1,969 | 2,252 |
| Operating Profit Margin (%) | 20.7% | 41.3% | 32.0% | 31.6% | 28.3% | 31.1% | 30.8% | 29.8% | 24.3% | 23.0% |
| Other Income ⓘ | 29 | 81 | 82 | 52 | 77 | 82 | 130 | 148 | 135 | 207 |
| Interest ⓘ | 272 | 800 | 908 | 994 | 1,021 | 1,043 | 970 | 1,004 | 1,104 | 1,310 |
| Depreciation ⓘ | 152 | 269 | 264 | 291 | 258 | 300 | 276 | 338 | 341 | 367 |
| Exceptional Items ⓘ | 0 | -57 | 0 | 0 | -60 | 0 | 0 | 326 | -72 | 107 |
| Profit Before Tax ⓘ | 78 | -126 | -155 | -35 | 131 | 326 | 438 | 932 | 588 | 870 |
| Tax ⓘ | 80 | 97 | 70 | 84 | 171 | 166 | 164 | 161 | 294 | 349 |
| Profit After Tax | -1 | -224 | -225 | -119 | -40 | 160 | 273 | 771 | 294 | 521 |
| PAT Margin (%) | -0.1% | -10.1% | -7.6% | -3.3% | -0.8% | 3.2% | 5.5% | 12.9% | 3.6% | 5.3% |
| Adjusted EPS (₹) | 3.4 | -3.0 | -7.3 | -4.0 | -1.2 | 5.9 | 9.8 | 27.7 | 10.4 | 17.9 |
| Dividend Payout Ratio (%) | 27% | -33% | -15% | -13% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,357 | 1,715 | 469 | 316 | 287 | 414 | 619 | 1,381 | 1,676 | 2,220 |
| Share Capital ⓘ | 79 | 94 | 94 | 94 | 140 | 140 | 140 | 140 | 140 | 140 |
| Reserves ⓘ | 1,278 | 1,621 | 376 | 222 | 147 | 274 | 479 | 1,240 | 1,535 | 2,080 |
| Minority Interest | 505 | 562 | 117 | 94 | 119 | 128 | 211 | 219 | 220 | 204 |
| Debt | 3,784 | 4,424 | 4,637 | 4,934 | 5,736 | 5,816 | 6,163 | 3,271 | 4,825 | 4,863 |
| Long Term Debt | 3,584 | 4,229 | 4,549 | 4,870 | 5,407 | 5,558 | 5,876 | 2,936 | 3,860 | 3,790 |
| Short Term Debt | 201 | 194 | 88 | 63 | 328 | 258 | 287 | 335 | 965 | 1,073 |
| Trade Payables | 633 | 540 | 574 | 649 | 947 | 738 | 727 | 859 | 1,069 | 1,573 |
| Others Liabilities ⓘ | 8,378 | 3,714 | 4,974 | 5,518 | 5,956 | 6,455 | 6,436 | 9,644 | 9,255 | 10,144 |
| Total Liabilities ⓘ | 14,657 | 10,955 | 10,771 | 11,510 | 13,045 | 13,551 | 14,156 | 15,375 | 17,044 | 19,005 |
Fixed Assets | ||||||||||
| Gross Block | 13,202 | 9,111 | 9,260 | 9,350 | 9,605 | 9,660 | 9,710 | 3,854 | 9,821 | 9,930 |
| Accumulated Depreciation | 631 | 596 | 1,244 | 1,475 | 1,731 | 2,000 | 2,254 | 2,579 | 2,929 | 3,274 |
| Net Fixed Assetsⓘ | 12,571 | 8,515 | 8,016 | 7,875 | 7,874 | 7,660 | 7,457 | 1,275 | 6,893 | 6,656 |
| CWIP ⓘ | 151 | 20 | 37 | 46 | 58 | 77 | 62 | 73 | 62 | 39 |
| Investmentsⓘ | 240 | 228 | 186 | 247 | 284 | 186 | 214 | 65 | 73 | 112 |
| Inventories | 729 | 1,073 | 360 | 419 | 426 | 435 | 437 | 450 | 561 | 699 |
| Trade Receivables | 364 | 516 | 361 | 689 | 1,048 | 931 | 896 | 764 | 918 | 1,058 |
| Cash Equivalents | 41 | 171 | 102 | 253 | 234 | 754 | 631 | 729 | 580 | 816 |
| Others Assetsⓘ | 561 | 432 | 1,709 | 1,980 | 3,121 | 3,507 | 4,461 | 12,019 | 7,957 | 9,624 |
| Total Assets ⓘ | 14,657 | 10,955 | 10,771 | 11,510 | 13,045 | 13,551 | 14,156 | 15,375 | 17,044 | 19,005 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 390 | 251 | 827 | 621 | -90 | 1,070 | 155 | 353 | 492 | 749 |
| PBT ⓘ | 78 | -126 | -155 | -35 | 131 | 326 | 438 | 932 | 588 | 870 |
| Adjustment ⓘ | 459 | 1,012 | 1,120 | 1,331 | 1,321 | 1,335 | 1,274 | 862 | 804 | 768 |
| Changes in Working Capital ⓘ | -132 | -652 | -44 | -556 | -1359 | -388 | -1412 | -1257 | -727 | -651 |
| Tax Paid ⓘ | -87 | -110 | -93 | -120 | -182 | -204 | -145 | -184 | -173 | -239 |
| Cash Flow From Investing Activity ⓘ | -812 | -104 | -63 | -315 | -244 | -117 | -176 | -233 | -311 | 234 |
| Capex | -887 | -109 | -132 | -159 | -209 | -103 | -82 | -137 | -175 | -142 |
| Net Investments | 51 | -28 | 53 | -109 | -40 | -33 | -126 | -165 | -114 | 81 |
| Others ⓘ | 24 | 32 | 16 | -46 | 5 | 19 | 32 | 69 | -22 | 295 |
| Cash Flow From Financing Activityⓘ | 369 | 25 | -866 | -98 | 311 | -571 | -221 | -35 | -311 | -407 |
| Net Proceeds from Shares ⓘ | -11 | 501 | 0 | 0 | 35 | 14 | 15 | 2 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 624 | 212 | 386 | 461 | -132 | 209 |
| Interest Paid ⓘ | -272 | -800 | -908 | -510 | -596 | -631 | -650 | -698 | -777 | -869 |
| Dividend Paid ⓘ | -29 | -50 | -15 | -15 | -15 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 681 | 374 | 57 | 426 | 263 | -167 | 28 | 200 | 598 | 252 |
| Net Cash Flow ⓘ | -53 | 171 | -101 | 208 | -24 | 381 | -242 | 85 | -130 | 575 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.1 | -14.56 | -20.57 | -30.22 | -13.37 | 45.74 | 52.92 | 77.14 | 19.23 | 26.76 |
| ROCE (%) | 7.1 | 11.39 | 12.95 | 18.02 | 19.61 | 21.07 | 20.11 | 31.39 | 27.77 | 29.37 |
| Asset Turnover Ratio | 0.16 | 0.17 | 0.27 | 0.32 | 0.4 | 0.38 | 0.36 | 0.41 | 0.5 | 0.54 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | 6.69 | 0.57 | 0.46 | 1.67 | 1.44 | Working Capital Days |
| Receivable Days | 39 | 72 | 54 | 53 | 64 | 71 | 67 | 51 | 38 | 37 |
| Inventory Days | 108 | 147 | 88 | 39 | 31 | 31 | 32 | 27 | 23 | 23 |
| Payable Days | 251 | 660 | 320 | 257 | 187 | 257 | 206 | 187 | 126 | 125 |
Ashoka Buildcon Ltd. is engaged in Engineering, Procurement and Construction, Operations and Maintenance of Roads & Highways. The Company is the Flagship Company of the Group, which comprises the Subsidiaries, step down subsidiaries and intermediate holding company. The Company has formed various Special Purpose Vehicle(s) for implementation of Projects awarded to it by various Government Agencies and National Highway Authority of India (NHAI).
Ashoka has worked in many states across the country, and completed prestigious projects for Central as well as State Governments. Overseas it is constructing road network for Housing Development Corporation in the Republic of Maldives. The company is one of the first Indian infrastructure companies to be certified for Integrated Management Systems, which encompasses ISO certification for Quality, Occupational Health and Safety and Environment.
The company is strengthened with a strong talent pool of technical as well as support staff. It’s strong financials give it the ability to bid and execute large scale projects.
Business area of the company
The company is one of the leading highway developers in India. The Company is an integrated EPC and BOT player. It has a portfolio of various PPP projects, which is the largest in number by any private player in India. Besides construction of highways and bridges the company is also engaged in Power Transmission and Distribution on EPC basis.
Verticals
Awards and recognitions
Accreditations
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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