Is Ashoka Buildcon a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ashoka Buildcon Ltd is a good quality company .

Is Ashoka Buildcon undervalued or overvalued?

The key valuation ratios of Ashoka Buildcon Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Ashoka Buildcon share price return in the past 10 years?

Ashoka Buildcon Ltd share price has appreciated 12.3% annually (CAGR) over the past ten years.

Is Ashoka Buildcon a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ashoka Buildcon Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Ashoka Buildcon Ltd - Stock Valuation and Financial Performance

Name: Ashoka Buildcon
Brand: Ashoka Buildcon

BSE: 533271 | NSE: ASHOKA | Engineering - Construction | Small Cap

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Ashoka Buildcon Share Price

₹290 -9.90 -3.30%
as on 20-Dec'24 16:59

10 Year X-Ray of Ashoka Buildcon:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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 ⓘ

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	12.3%	25%	47.4%	111.4%

Key Financial Parameters ⓘ

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

Recent Performance Summary

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

Latest Financials - Ashoka Buildcon Ltd.

	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 ⓘ	2.09	2.88
PE ⓘ	18.85	8.44

From the Market
52 Week Low / High (₹)	130.95 / 310.40
All Time Low / High (₹)	27.53 / 310.40
Market Cap (₹ Cr.)	8,141
Equity (₹ Cr.)	140.4
Face Value (₹)	5
Industry PE ⓘ	37.9

Management X-Ray of Ashoka Buildcon:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ashoka Buildcon

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Price to Earnings

Enterprise Value to EBIT

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ashoka Buildcon

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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 Stock News

Ashoka Buildcon Ltd FAQs

What is the share price of Ashoka Buildcon?

Company share prices are keep on changing according to the market conditions. The closing price of Ashoka Buildcon on 20-Dec-2024 16:59 is ₹290.0.

What is the market cap of Ashoka Buildcon?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Ashoka Buildcon stood at ₹8,141.

What is the P/E ratio of Ashoka Buildcon?

The latest P/E ratio of Ashoka Buildcon as of 20-Dec-2024 16:59 is 18.85.

What is the P/B ratio of Ashoka Buildcon?

The latest P/B ratio of Ashoka Buildcon as of 20-Dec-2024 16:59 is 2.09.

What is the 52-week high and low of Ashoka Buildcon?

The 52-week high of Ashoka Buildcon is ₹310.4 and the 52-week low is ₹130.9.

What is the TTM revenue of Ashoka Buildcon?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashoka Buildcon is ₹7,928 ( Cr.) .

About Ashoka Buildcon Ltd

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

Highways
Bridges
Power (EPC)
Buildings
City Gas Distribution
Railways

Awards and recognitions

2012: Ashoka Buildcon Limited, was honoured during the EPC World National Level Awards 2012 and has been awarded for Outstanding Contribution in Roads and Highways.
2012: Ashoka Buildcon Limited, was honoured during the EPC World National Level Awards 2012 and has been awarded for Outstanding Contribution in Roads and Highways.
2013: Ashoka Buildcon Limited, was honoured during the Construction Week Awards - 2013 and has been awarded for Infrastructure Company of The Year - 2013.
2014: The Federation of Engineering Institutions of Asia and the Pacific (FEIAP) has awarded Mr Sanjay Londhe,Director & CEO Projects, Ashoka Buildcon Ltd as ‘Engineer of the Year 2014’ at an event in Beijing.
2014: Ashoka Buildcon Limited, was honored during the Worldwide Achievers Awards - 2014 and has been awarded for Best Construction Company of The Year.
2014: Ashoka Buildcon Ltd. Bags two awards at the Construction Week National Awards- 2014. Road Contractor of the Year & Roads and Highways Project of the Year (Runner up).
2014: Ashoka Buildcon Limited, was honored during the Worldwide Achievers Awards - 2014 and has been awarded for Best Construction Company of The Year.
2017: Ashoka Buildcon Limited, was honored during the ‘CIDC Vishwakarma Award -2017’ and has been awarded for ‘Best Professionally Managed Company.
2017: Ashoka Buildcon Ltd’s Munger Power project has been Awarded as “Best Executed Power Project” by Construction Times Award 2017.
2017: Mr. Sanjay Londhe, CEO & Director of Ashoka Buildcon Ltd has been Awarded as “CEO of The Year” by Construction Times Award 2017.
2017: Ashoka Buildcon Ltd Awarded as “Infrastructure Company Of the Year” by D & B Awards - 2017.
2018: Ashoka Buildcon Ltd Awarded for “Innovations in CSR Practices” by ET Now Presents CSR Leadership Awards -2018.
2018: Ashoka Buildcon Ltd’s Roopnarayan Bridge project won the Silver Award in National Highways Awards for Excellence by Ministry of Road Transport & Highways.
2018: Ashoka Buildcon Ltd. has been honored as Infra Company of The Year at the EPC World Awards
2018: Ashoka Buildcon Ltd. honoured as Dream Company to Work For by ET Now presents Dream Companies to Work for
2019: Ashoka Buildcon Limited, was honoured during the CIA World Infra Awards and has been awarded for Best Infrastructure Company of The Year - 2019.
2020: Ashoka Buildcon Limited, was honoured during the CIA World Infra Awards and has been awarded for Best Roads & Highways Company of The Year - 2020.

Accreditations

Integrated Management System comprising of Certification of ISO 9001: 2008, ISO 14001: 2008 and OHSAS 18001: 2007.
Environmental Management System ISO 14001: 2004.
Occupational Health and Safety Management System 18001: 2007.
Quality Management System ISO 9001: 2008.
Green House Gases ISO 14064.1:2006 & ISO 14064.2:2006.