MarketFriction

Ashoka Buildcon Ltd

NSE ASHOKA · BSE 533271 · Civil Construction
₹105.31 -2.26%
NSE close2026-10-01
52 week range101.00 - 214.50
Market cap₹3,043 Cr.
P/E4.50
Microcap 250 Price band 20% Delivery 43.0%

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
Sales2,1542,6573,0522,4652,4892,3882,6941,8871,8511,8271,9541,500
Expenses1,6082,0702,4261,8661,5841,7491,9171,2881,2661,3921,6961,242
Operating Profit546587626599905639777599585435258258
OPM %25%22%21%24%36%27%29%32%32%24%13%17%
Other Income41421932940396150-1632,4162534
Interest3213373343083073133183113182008283
Depreciation9910368949858403840424136
Profit before tax167189417227540307481300642,609160173
Tax %29%48%39%30%14%-116%6%24%-41%19%8%26%
Net Profit11999254158462662452227912,111147127
EPS in Rs4.003.438.895.3616.2823.3215.407.742.7875.215.104.55
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,8252,9733,6014,9305,0704,9925,9998,1009,79810,0377,5207,132
Expenses1,9072,0372,4623,5373,4953,4554,2106,1327,5647,1175,6415,596
Operating Profit9189351,1401,3931,5751,5361,7891,9692,2352,9201,8791,536
OPM %33%31%32%28%31%31%30%24%23%29%25%22%
Other Income24821111793147485643121702,3262,312
Interest8009089941,0211,0439701,0041,1041,3101,245912684
Depreciation269264291258300276338341367290161158
Profit before tax-126-155-351313264389325888701,5553,1323,006
Tax %77%45%239%131%51%38%17%50%40%-12%18%
Net Profit-224-225-119-401602737712945211,7342,5762,476
EPS in Rs-3.04-7.31-3.96-1.195.899.8427.7310.4217.9260.3590.8487.64
Dividend Payout %-33%-15%-13%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%9%-2%-25%
Compounded Profit Growth9%-33%-51%-62%
Stock Price CAGR0%2%-4%-42%
Return on Equity19%23%21%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital79949494140140140140140140140140
Reserves1,2781,6213762221472744791,2401,5352,0803,7756,439
Borrowings3,8734,6924,7545,1026,0446,2626,7193,6355,5095,4501,9881,608
Other Liabilities9,4374,5715,5806,1326,7706,9586,87910,3899,86011,33814,6704,696
Total Liabilities14,66710,97710,80411,55013,10113,63414,21715,40517,04519,00920,57312,884
Fixed Assets12,5718,5158,0167,8757,8747,6937,4881,3096,9276,6891,1241,162
CWIP1512037465877627362395354
Investments2402281862472841862146573112221440
Other Assets1,7052,2152,5653,3814,8855,6786,45413,9599,98212,16919,17511,228
Total Assets14,66710,97710,80411,55013,10113,63414,21715,40517,04519,00920,57312,884
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity390251827621-901,0701553534927491,673655
Cash from Investing Activity-812-104-63-315-244-117-176-233-311258-6261,276
Cash from Financing Activity36925-866-98311-571-221-35-311-407-1,052-1,590
Net Cash Flow-53172-101208-24381-24285-130600-4341
Free Cash Flow-497142696462-300966732163176061,573547
CFO/OP101%39%98%65%7%81%20%30%34%44%68%47%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days576744707867664641394478
Inventory Days44322018410313712310877716787
Days Payable223351285229232206206146160157234
Cash Conversion Cycle57287-87-31-48-28-17-52-28-49-46-68
Working Capital Days-20-11-113-120-94-129-8335-48-543142
ROCE %7%11%12%18%20%20%20%25%28%27%40%26%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.48%54.48%54.47%54.47%54.47%54.47%54.47%54.47%54.47%54.47%54.47%54.47%
FIIs2.97%4.51%7.23%7.63%7.95%8.52%7.48%7.29%7.45%7.46%5.90%4.39%
DIIs19.96%19.72%17.63%19.32%17.79%15.46%14.93%14.16%14.06%14.45%14.39%14.02%
Public22.60%21.28%20.66%18.57%19.80%21.55%23.12%24.07%24.02%23.62%25.22%27.10%
No. of Shareholders1,34,3651,28,0211,53,5881,54,0291,59,5701,73,2391,91,0681,98,9521,99,2561,95,0121,96,7092,01,522

Fundamentals

Market Cap₹ 3,043 Cr.
Current Price₹ 109
Stock P/E4.50
Book Value₹ 234
ROCE26.4 %
ROE0.73 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-25%
Compounded Profit Growth (TTM)-62%
Consolidated figures.
Valuation
Market capRs 2,956 Cr
Enterprise valueRs 3,902 Cr
P/E (TTM)1.20x
Price to book0.45x
Price to sales0.41x
EV / EBITDA1.01x
EV / EBIT1.06x
EV / sales0.55x
Price to cash flow4.52x
Earnings yield83.23%
P/E, 3-year average4.35x
P/B, 3-year average1.27x
P/E, 5-year average4.65x
P/B, 5-year average1.36x
Profitability
Operating margin (excl. other income)24.99%
Operating margin (incl. other income)55.92%
EBITDA margin53.95%
Pre-tax margin42.14%
Net profit margin34.50%
Net margin, latest quarter8.52%
ROE48.60%
ROCE57.40%
ROA15.24%
ROE, 3-year average43.22%
ROCE, 3-year average42.67%
ROA, 3-year average8.86%
ROE, 5-year average45.33%
ROCE, 5-year average37.42%
ROA, 5-year average6.73%
ROIC (approx.)40.32%
Tax rate17.77%
Other income / net worth35.35%
Growth
Sales growth (latest year)-25.08%
Profit growth (latest year)50.52%
Sales CAGR, 3 years-2.45%
Sales CAGR, 5 years8.54%
Profit CAGR, 3 years105.83%
Profit CAGR, 5 years55.98%
Sales growth QoQ-23.27%
Profit growth QoQ-10.74%
Sales growth YoY (latest quarter)-20.53%
Profit growth YoY (latest quarter)-41.23%
Per share
EPS (TTM)Rs 87.64
EPS (latest year)Rs 90.84
EPS (latest quarter)Rs 4.55
EPS, 3-year averageRs 56.37
EPS, 5-year averageRs 41.45
Book value per shareRs 234.37
Sales per shareRs 254.07
Cash flow per shareRs 23.32
Free cash flow per shareRs 19.49
Efficiency
Asset turnover0.58x
Fixed asset turnover6.47x
Inventory turnover10.95x
Inventory days33 days
Debtor days78 days
Debtors turnover4.67x
Creditor days234 days
Cash conversion cycle-68 days
Working capital days142 days
Leverage
Total debtRs 1,608 Cr
Cash and bankRs 663 Cr
Net debtRs 946 Cr
Debt to equity0.24x
Net debt / EBITDA0.25x
Interest coverage5.39x
Current ratio (filing 2026-03-31)2.17x
Quick ratio (filing 2026-03-31)2.02x
Trade payables (filing 2026-03-31)Rs 926 Cr
Owners' fund to total sources51.06%
Debt to assets12.48%
Cash flow
Cash from Operating Activity (latest year)Rs 655 Cr
Cash from Investing Activity (latest year)Rs 1,276 Cr
Cash from Financing Activity (latest year)Rs -1,590 Cr
Net Cash Flow (latest year)Rs 341 Cr
Free cash flow (latest year)Rs 547 Cr
FCFE (approx.: FCF + change in debt)Rs 168 Cr
Cash from ops / profit, 5 years0.67x
Sales to cash flow11.49x
Statement figures
Net sales (TTM)Rs 7,132 Cr
Net sales (latest year)Rs 7,520 Cr
Sales (latest quarter)Rs 1,500 Cr
Operating profit excl. other income (latest year)Rs 1,879 Cr
Operating profit (latest quarter)Rs 258 Cr
Other income (TTM)Rs 2,312 Cr
EBITDA (TTM)Rs 3,848 Cr
PBDT (TTM)Rs 3,164 Cr
Profit before tax (TTM)Rs 3,006 Cr
Tax (latest year)Rs 557 Cr
Net profit (TTM)Rs 2,460 Cr
Net profit (latest year)Rs 2,550 Cr
Net profit (latest quarter)Rs 128 Cr
Depreciation (TTM)Rs 158 Cr
Depreciation (latest quarter)Rs 36 Cr
Interest (TTM)Rs 684 Cr
Cost of goods sold (latest year)Rs 4,921 Cr
Total expenditure (latest year)Rs 5,641 Cr
Total income (latest year)Rs 9,846 Cr
Share capitalRs 140 Cr
ReservesRs 6,439 Cr
Shareholders' fundsRs 6,579 Cr
Total assetsRs 12,884 Cr
Net blockRs 1,162 Cr
Capital work in progressRs 54 Cr
InvestmentsRs 440 Cr
ReceivablesRs 1,610 Cr
InventoryRs 449 Cr
Other liabilitiesRs 4,696 Cr
Shares outstanding (crore)28.07
Ownership
Promoter holding54.47% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 1.2 is at the 1th percentile of its own 6.4-year range (median 9.5, low 1.0, high 19.2).
P/B 0.45 is the lowest in 9.4 years (median 3.93).
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.
PeriodASHOKANifty 50Difference
1 week-6.8%-2.8% -4.1 pts
1 month-13.5%-6.8% -6.7 pts
3 months-20.2%-7.6% -12.6 pts
6 months+3.1%+0.4% +2.7 pts
1 year-44.4%-9.9% -34.4 pts
2 years-55.8%-13.6% -42.3 pts
3 years-13.9%+14.2% -28.1 pts
5 years+7.5%+27.9% -20.4 pts
16 mutual fund schemes hold about ₹454 Cr. Over three months 12 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Balanced Advantage Fund0.18%190 +23%
Kotak Multi Cap Fund0.38%112 +1%
SBI Infrastructure Fund1.07%51 +17%
SBI Multi Asset Allocation Fund(A0.18%37 +7%
Kotak Infra & Eco Reform Fund1.17%29 +13%
Kotak Infra & Eco Reform Fund1.17%28 +13%
Motilal Oswal Nifty Microcap 250 Index Fund0.16%4 +8%
Samco Multi Cap Fund0.46%1 +31%
Groww Nifty Total Market Index Fund0.01%0 +10%
UTI Infrastructure Fund0.00%0 -100%
Kotak Multi Asset Allocation Fund0.00%0 -100%
Angel One Nifty Total Market Index Fund0.01%0 +10%
Mirae Asset Nifty Total Market Index Fund0.01%0 +10%
HDFC Infrastructure Fund0.00%0 -100%
Bandhan Nifty Total Market Index Fund0.01%0 +10%
Motilal Oswal BSE 1000 Index Fund0.01%0 +10%

Red flags

F-score 5 of 8
explainHigh accruals Profit exceeded operating cash by 15% of total assets in 2026
explainReceivables outrunning sales Receivables grew 33% vs sales -25% in 2026
lookProfit leans on other income Other income was 74% 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 ₹1,500 Cr -20.5% vs Jun 2025. Net profit ₹127 Cr -44.1%.
Against our estimate for Jun 2026: sales +6.7%, profit -7.6% in line. Our estimate for Sep 2026: sales Rs 1,407 Cr, profit Rs 112 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-21Annual General Meeting
2022-09-14Annual General Meeting
2021-09-06 Annual General Meeting
2020-08-31 Annual General Meeting
2019-09-06 Annual General Meeting
2018-09-12 Annual General Meeting
2018-07-12 Bonus 1:20.6667
2018-03-27 Interim Dividend - Re 0.80 Per Share (Purpose Revised)
2017-09-21 Annual General Meeting/Dividend-Re 0.80 Per Share
2017-02-02 Interim Dividend Rs 0.80/- Per Share
2016-07-28 Annual General Meeting
2016-03-16 Interim Dividend - Re 0.80/- Per Share
2016-02-03 Interim Dividend - Re 0.70/- Per Share
2015-08-28 Annual General Meeting/ Dividend - Re 0.70/- Per Share
2015-02-10Interim Dividend - Re 0.70/- Per Share
2014-08-12Annual Geeneral Meeting / Final Dividend - Re 0.80/- Per Share
2014-02-18Interim Dividend Re 0.70/- Per Share
2013-07-03Bonus 1:2 And Face Value Split Rs.10/- To Rs.5/-0.3333
2013-05-23Annual General Meeting/Dividend Rs 2 Per Share
2013-02-11Interim Dividend Rs 2 Per Share
2012-07-16Annual General Meeting
2011-08-18Annual General Meeting
DateTypeWhat it says
2026-10-01General UpdatesExtension of expected date of completion of sale/disposal of stake in Subsidiary of the Company
2026-09-26Shareholder meetingVoting results.
2026-09-25General UpdatesPursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Presentati...
2026-09-25Shareholder meetingShareholders meeting was held on Friday, September 25, 2026 at 12.30 p.m. through Video Conferencing ( VC )/ Other Audio Visual Means ( OAVM ). The d...
2026-09-23General UpdatesDisclosure under Reg. 30 of SEBI LODR - signing of SPA and acquisition of Project SPV viz. Sakoli Transmission Power Limited
2026-09-15General UpdatesExtension of expected date of completion of sale/disposal of stake in Subsidiaries of the Company and Ashoka Concessions Limited (ACL)
2026-09-02General UpdatesIntimation about Book Closure dates
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-29Awarding of order(s)/contracIntimation for Receipt of Letter of Acceptance (LOA) from Rail Vikas Nigam Limited (RVNL)
2026-08-18Concall / analyst meetTranscript
2026-08-13Awarding of order(s)/contracIntimation for Receipt of Letter of Intent (LOI) from REC Power Development and Consultancy Limited (REC)
2026-08-12Concall / analyst meetLink of Recording
2026-08-11General UpdatesResult Update Presentation for the Quarter ended June 30, 2026
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Press Release".
2026-08-11Board meeting outcomeAshoka Buildcon Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-07-31General UpdatesAshoka Buildcon Limited has given Intimation regarding extension of expected date of completion of sale/disposal of stake in Subsidiaries of the Compa...
2026-07-21Issue of SecuritiesIssuance of Securities - Commercial Papers
2026-07-16General UpdatesIntimation of Incorporation of a new Company (SPV)
2026-07-14General UpdatesRedemption of Commercial Papers issued by the Company
2026-07-10General UpdatesIntimation under regulation 30 of SEBI (LODR) Regulations, 2015
2026-07-09Issue of SecuritiesIssuance of Securities Commercial Papers
2026-07-07General UpdatesRedemption of Commercial Papers issued by the Company
2026-06-30General UpdatesIntimation regarding extension of expected date of completion of sale/disposal of stake in Subsidiaries of the Company and Ashoka Concessions Limited ...
2026-06-26Awarding of order(s)/contracAwarding of order(s)/contract(s)
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ashoka Buildcon Ltd?

Ashoka Buildcon Ltd (ASHOKA) has a market capitalisation of Rs 3,043 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ashoka Buildcon Ltd?

Ashoka Buildcon Ltd trades at a P/E of 4.50 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ashoka Buildcon Ltd's latest quarterly results?

In the Jun 2026 quarter, Ashoka Buildcon Ltd sales was Rs 1,500 Cr (-20.5% vs Jun 2025) and net profit was Rs 127 Cr.

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

The 52-week high is Rs 214.50 and the 52-week low is Rs 101.00.

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