MarketFriction

Akash Infraprojects Ltd

NSE AKASH · Civil Construction
₹24.95 +0.04%
NSE close2026-10-01
52 week range22.80 - 34.74
Market cap₹42.2 Cr.
P/E42.2
IPO 2017 · -80% since Price band 20% Delivery 37.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales14.715.2815.2314.699.2013.8720.2321.2112.0610.8837.6039.14
Expenses13.796.5111.4913.2210.0812.7215.8119.8911.799.1034.1737.72
Operating Profit0.92-1.233.741.47-0.881.154.421.320.271.783.431.42
OPM %6.25%-23.30%24.56%10.01%-9.57%8.29%21.85%6.22%2.24%16.36%9.12%3.63%
Other Income0.760.141.480.180.240.220.170.230.200.36-0.080.14
Interest1.020.851.341.000.990.971.801.001.080.912.410.94
Depreciation0.220.220.350.300.290.290.280.290.290.300.310.27
Profit before tax0.44-2.163.530.35-1.920.112.510.26-0.900.930.630.35
Tax %2.27%0.46%10.76%2.86%-0.52%45.45%3.59%26.92%21.11%1.08%0.00%48.57%
Net Profit0.45-2.143.140.35-1.900.062.390.17-1.090.910.650.19
EPS in Rs0.27-1.271.860.21-1.130.041.420.10-0.650.540.390.12
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales87.55112.11159.8392.3172.6067.1578.8361.7259.3957.4781.7699.68
Expenses82.07103.39155.8388.5867.2862.5488.6955.5356.1451.2674.9792.78
Operating Profit5.488.724.003.735.324.61-9.866.193.256.216.796.90
OPM %6.26%7.78%2.50%4.04%7.33%6.87%-12.51%10.03%5.47%10.81%8.30%6.92%
Other Income3.261.214.734.520.771.7916.871.062.500.750.710.62
Interest1.981.812.843.212.923.583.404.464.154.755.395.34
Depreciation2.312.483.193.142.401.551.261.061.001.161.191.17
Profit before tax4.455.642.701.900.771.272.351.730.601.050.921.01
Tax %17.30%20.04%24.44%10.00%18.18%12.60%-0.85%19.65%68.33%13.33%28.26%
Net Profit3.684.512.031.720.621.152.321.380.230.890.650.66
EPS in Rs3.872.971.341.020.370.681.380.820.140.530.390.40
Dividend Payout %12.88%16.83%18.69%0.00%0.00%14.66%7.27%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-1%4%10%55%
Compounded Profit Growth-8%-5%-14%39%
Stock Price CAGR%-33%-5%-14%
Return on Equity2%1%1%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.644.747.597.5916.8616.8616.8616.8616.8616.8616.8616.86
Reserves42.9642.8660.3561.3962.2661.9263.0665.3966.6666.9367.8068.40
Borrowings26.5910.665.8726.1524.2820.2623.9122.7160.5690.7986.2392.32
Other Liabilities13.9711.8622.2837.9445.1127.4833.7044.8948.0635.1137.4042.23
Total Liabilities88.1670.1296.09133.07148.51126.52137.53149.85192.14209.69208.29219.81
Fixed Assets12.2110.4412.0413.5611.218.976.125.745.158.937.997.59
CWIP0.000.000.000.000.000.000.230.000.000.000.000.00
Investments0.250.405.400.403.333.323.363.293.283.333.303.30
Other Assets75.7059.2878.65119.11133.97114.23127.82140.82183.71197.43197.00208.92
Total Assets88.1670.1296.09133.07148.51126.52137.53149.85192.14209.69208.29219.81
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-5.8114.0910.49-25.20-1.242.02-2.37-1.26-33.48-22.689.55-1.53
Cash from Investing Activity2.122.91-13.715.752.961.690.145.180.51-0.910.401.18
Cash from Financing Activity-0.90-16.2810.4718.631.44-6.852.03-3.8933.3723.39-9.330.28
Net Cash Flow-4.580.727.26-0.833.17-3.14-0.210.030.40-0.200.62-0.07
Free Cash Flow-6.0313.536.46-29.44-1.261.88-1.89-1.79-33.87-24.809.50-1.85
CFO/OP-49%274%133%-606%-33%38%-49%13%-534%-689%156%-21%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days149.57136.87101.06161.55316.25265.86356.14495.90729.17938.47948.67723.62
Inventory Days48.5050.8787.6961.43168.67323.61302.96147.08535.23282.91352.50221.64
Days Payable27.8211.9684.48104.37311.98198.53211.41396.62483.92200.10235.49158.32
Cash Conversion Cycle170.24175.78104.27118.61172.94390.93447.69246.35780.481,021.281,065.67786.93
Working Capital Days163.05112.0298.8499.41205.33321.26378.92374.03476.83478.70495.90365.89
ROCE %11.12%6.49%11.09%6.44%5.10%3.65%4.74%5.49%4.97%2.98%3.32%3.81%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%
Public25.41%25.41%25.41%25.41%25.41%25.41%25.41%25.41%25.41%25.41%25.41%25.41%
No. of Shareholders8,2618,5259,5799,3689,93310,0569,7909,7509,9259,7509,8499,476

Fundamentals

Market Cap₹ 42.2 Cr.
Current Price₹ 25.0
Stock P/E42.2
Book Value₹ 50.6
ROCE3.81 %
ROE1.05 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)55%
Compounded Profit Growth (TTM)39%
Consolidated figures.
Valuation
Market capRs 42 Cr
Enterprise valueRs 129 Cr
P/E (TTM)61.87x
Price to book0.49x
Price to sales0.42x
EV / EBITDA17.14x
EV / EBIT20.30x
EV / sales1.29x
Earnings yield1.62%
P/E, 3-year average138.50x
P/B, 3-year average0.56x
P/E, 5-year average87.86x
P/B, 5-year average0.72x
Profitability
Operating margin (excl. other income)8.30%
Operating margin (incl. other income)9.17%
EBITDA margin7.54%
Pre-tax margin1.01%
Net profit margin0.68%
Net margin, latest quarter0.54%
ROE0.77%
ROCE3.62%
ROA0.30%
ROE, 3-year average0.70%
ROCE, 3-year average3.32%
ROA, 3-year average0.28%
ROE, 5-year average1.32%
ROCE, 5-year average4.09%
ROA, 5-year average0.65%
ROIC (approx.)2.65%
Tax rate28.26%
Other income / net worth0.83%
Growth
Sales growth (latest year)42.27%
Profit growth (latest year)-26.97%
Sales CAGR, 3 years9.83%
Sales CAGR, 5 years4.02%
Profit CAGR, 3 years-22.19%
Profit CAGR, 5 years-10.78%
Sales growth QoQ4.10%
Profit growth QoQ-67.69%
Sales growth YoY (latest quarter)84.54%
Profit growth YoY (latest quarter)23.53%
Per share
EPS (TTM)Rs 0.40
EPS (latest quarter)Rs 0.12
EPS, 3-year averageRs 0.33
EPS, 5-year averageRs 0.71
Book value per shareRs 50.56
Sales per shareRs 59.11
Cash flow per shareRs -0.91
Free cash flow per shareRs -1.10
Dividend per share, 5-year averageRs 0.10
Dividends
Dividend payout, 5-year average7.33%
Efficiency
Asset turnover0.37x
Fixed asset turnover10.77x
Inventory turnover1.65x
Inventory days222 days
Debtor days724 days
Debtors turnover0.50x
Creditor days158 days
Cash conversion cycle787 days
Working capital days366 days
Leverage
Total debtRs 92 Cr
Cash and bankRs 5 Cr
Net debtRs 87 Cr
Debt to equity1.08x
Net debt / EBITDA11.55x
Interest coverage1.19x
Owners' fund to total sources38.79%
Debt to assets42.00%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years-9.03x
Statement figures
Net sales (TTM)Rs 100 Cr
Net sales (latest year)Rs 82 Cr
Sales (latest quarter)Rs 39 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 58 Cr
Total expenditure (latest year)Rs 75 Cr
Total income (latest year)Rs 82 Cr
Share capitalRs 17 Cr
ReservesRs 68 Cr
Shareholders' fundsRs 85 Cr
Total assetsRs 220 Cr
Net blockRs 8 Cr
InvestmentsRs 3 Cr
ReceivablesRs 162 Cr
InventoryRs 35 Cr
Other liabilitiesRs 42 Cr
Shares outstanding (crore)1.69
Ownership
Promoter holding74.59% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 61.9 is at the 61th percentile of its own 8.5-year range (median 53.2, low 16.4, high 328.2).
P/B 0.49 is at the 1th percentile (median 1.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAKASHNifty 50Difference
1 week+1.8%-2.8% +4.6 pts
1 month+2.4%-6.8% +9.2 pts
3 months-5.9%-7.6% +1.7 pts
6 months+7.9%+0.4% +7.5 pts
1 year-12.7%-9.9% -2.8 pts
2 years-37.0%-13.6% -23.5 pts
3 years-15.0%+14.2% -29.2 pts
5 years-88.4%+27.9% -116.3 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -828% of net profit over the last 3 years
explainLow interest cover Interest cover 1.2x in 2026
lookProfit leans on other income Other income was 77% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹39 Cr +84.5% vs Jun 2025. Net profit ₹0 Cr +11.8%.
Against our estimate for Jun 2026: sales +39.6%, profit -46.4% in line. Our estimate for Sep 2026: sales Rs 19 Cr, profit Rs 0 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2022-09-15Dividend - Re 0.10 Per Share
2021-09-08 Dividend - Rs 0.10 Per Share
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Akash Infraprojects Ltd?

Akash Infraprojects Ltd (AKASH) has a market capitalisation of Rs 42.2 Cr. at the 2026-10-01 close.

What is the P/E ratio of Akash Infraprojects Ltd?

Akash Infraprojects Ltd trades at a P/E of 42.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Akash Infraprojects Ltd's latest quarterly results?

In the Jun 2026 quarter, Akash Infraprojects Ltd sales was Rs 39 Cr (+84.5% vs Jun 2025) and net profit was Rs 0 Cr.

What is the 52-week high and low of Akash Infraprojects Ltd?

The 52-week high is Rs 34.74 and the 52-week low is Rs 22.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03