Ashoka Buildcon Ltd

Ashoka Buildcon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashoka Buildcon Ltd

₹ 238 7.99%
22 Jul 4:01 p.m.
ashokabuildcon.com BSE: 533271 NSE: ASHOKA
About

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]

Key Points

Company Overview
Ashoka Buildcon Limited is a Fortune India 500 company and one of the leading highway developers in India. The company is an integrated EPC, BOT, and HAM player. It is engaged in segments that are Highways & Bridges, Power (EPC), Railway Works, Buildings (EPC), City Gas Distribution, and Smart Infrastructure. It has executed/been executing 41 PPP Projects and has a presence in 20+ states. [1] [2]

Website BSE NSE
  • Market Cap ₹ 6,699 Cr.
  • Current Price ₹ 238
  • High / Low ₹ 249 / 89.0
  • Stock P/E 15.2
  • Book Value ₹ 79.1
  • Dividend Yield 0.00 %
  • ROCE 35.3 %
  • ROE 22.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.7%
  • Company's median sales growth is 21.0% of last 10 years
  • Company's working capital requirements have reduced from 44.9 days to 11.6 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company's cost of borrowing seems high

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,736 1,283 1,265 1,440 1,992 1,879 1,808 1,956 2,448 1,935 2,154 2,657 3,052
1,256 886 858 1,042 1,424 1,395 1,382 1,466 1,893 1,462 1,608 2,070 2,426
Operating Profit 480 397 407 398 567 484 425 490 556 473 546 587 626
OPM % 28% 31% 32% 28% 28% 26% 24% 25% 23% 24% 25% 22% 21%
48 31 40 365 69 43 37 41 -42 38 41 42 193
Interest 247 240 249 255 259 250 276 290 288 319 321 337 334
Depreciation 78 63 71 87 117 84 82 88 87 96 99 103 68
Profit before tax 203 124 126 421 260 193 104 152 139 97 167 189 417
Tax % 25% 36% 38% 8% 14% 30% 37% 9% 132% 26% 29% 48% 39%
153 80 78 389 225 135 66 138 -45 72 119 99 254
EPS in Rs 5.07 2.86 2.85 13.98 8.05 4.79 2.27 4.85 -1.49 2.41 4.00 3.43 8.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,853 1,795 2,320 2,825 2,973 3,601 4,930 5,070 4,992 5,999 8,100 9,798
1,481 1,413 1,847 1,907 2,037 2,462 3,537 3,495 3,455 4,210 6,132 7,565
Operating Profit 372 382 473 918 935 1,140 1,393 1,575 1,536 1,789 1,969 2,233
OPM % 20% 21% 20% 33% 31% 32% 28% 31% 31% 30% 24% 23%
14 14 29 24 82 111 17 93 147 485 64 314
Interest 139 134 272 800 908 994 1,021 1,043 970 1,004 1,104 1,310
Depreciation 132 139 152 269 264 291 258 300 276 338 341 367
Profit before tax 114 124 78 -126 -155 -35 131 326 438 932 588 870
Tax % 60% 56% 102% 77% 45% 239% 131% 51% 38% 17% 37% 40%
45 55 -1 -224 -225 -119 -40 160 273 771 373 521
EPS in Rs 3.55 4.11 3.42 -3.04 -7.31 -3.96 -1.19 5.89 9.84 27.73 13.23 17.92
Dividend Payout % 25% 24% 27% -33% -15% -13% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 15%
3 Years: 25%
TTM: 21%
Compounded Profit Growth
10 Years: 22%
5 Years: 61%
3 Years: 17%
TTM: 6%
Stock Price CAGR
10 Years: 10%
5 Years: 15%
3 Years: 31%
1 Year: 155%
Return on Equity
10 Years: 13%
5 Years: 33%
3 Years: 30%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 53 79 79 94 94 94 140 140 140 140 140 140
Reserves 998 1,184 1,278 1,621 376 222 147 274 479 1,240 1,614 2,080
2,454 3,193 3,873 4,692 4,754 5,102 6,044 6,262 6,719 3,635 1,909 5,450
8,934 9,063 9,437 4,571 5,580 6,132 6,770 6,958 6,879 10,389 13,461 11,454
Total Liabilities 12,439 13,518 14,667 10,977 10,804 11,550 13,101 13,634 14,217 15,405 17,124 19,124
1,500 4,025 12,571 8,515 8,016 7,875 7,874 7,693 7,488 1,309 329 6,689
CWIP 9,610 7,962 151 20 37 46 58 77 62 73 62 39
Investments 282 285 240 228 186 247 284 186 214 65 32 112
1,046 1,246 1,705 2,215 2,565 3,381 4,885 5,678 6,454 13,959 16,701 12,284
Total Assets 12,439 13,518 14,667 10,977 10,804 11,550 13,101 13,634 14,217 15,405 17,124 19,124

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6,500 386 390 251 827 621 -90 1,070 155 353 492 749
-7,074 -922 -812 -104 -63 -315 -244 -117 -176 -233 -311 234
576 579 369 25 -866 -98 311 -571 -221 -35 -311 -407
Net Cash Flow 2 43 -53 172 -101 208 -24 381 -242 85 -130 575

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 27 57 67 44 70 78 67 66 46 41 39
Inventory Days 443 220 184 103 137 123 108 77 37
Days Payable 223 351 285 229 232 206 206 145 84
Cash Conversion Cycle 17 27 57 287 -87 -31 -48 -28 -17 -52 -28 -7
Working Capital Days -22 -2 11 15 -102 -114 -70 -110 -21 77 46 12
ROCE % 8% 6% 7% 11% 12% 18% 20% 20% 20% 25% 39% 35%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.47% 54.47%
2.80% 2.40% 2.13% 2.43% 1.93% 2.00% 1.90% 2.40% 2.97% 4.51% 7.23% 7.63%
23.01% 21.87% 21.47% 19.83% 19.10% 19.47% 19.67% 18.64% 19.96% 19.72% 17.63% 19.32%
19.70% 21.25% 21.92% 23.26% 24.48% 24.05% 23.93% 24.48% 22.60% 21.28% 20.66% 18.57%
No. of Shareholders 1,10,9751,20,4431,24,4821,37,5561,39,8801,36,3981,39,8441,37,9541,34,3651,28,0211,53,5881,54,029

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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