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Ashoka Buildcon Limited

Ashoka Buildcon Limited

ASHOKA.BO
Ashoka Buildcon LimitedIN flagBombay Stock Exchange
128.05
INR
-2.85
- -
35.91BMarket Cap
Ashoka Buildcon Limited
ASHOKA.BO
(Bombay Stock Exchange)

Recent

price

128.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
59.19
63.12
77.99
75.67
97.61
100.67
104.34
125.03
168.89
171.46
164.48
213.67
261.96
319.07
357.54
- -
267.83
Revenue per Share
9.55
5.27
3.55
4.11
3.43
-3.07
-7.31
-3.96
-1.19
5.89
9.84
27.73
10.42
17.92
60.35
- -
90.82
Basic EPS, GAAP
-16.07
-12.3
-19.82
-29.31
-20.97
5.1
24.06
16.34
-10.73
34.19
2.48
7.4
11.16
21.47
55.39
- -
- -
Free Cash Flow per Basic Share
- -
- -
1.06
1.12
1.22
1.78
0.53
0.53
0.53
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
40.55
43.03
2.22
3.33
31.73
-8.45
-16.42
-21.7
-21.17
-15.35
-5.51
22.26
32.77
50.69
111.09
- -
5
Book Value per Share
-20.84
-127.93
-404.36
-424.37
-271.16
-256.89
-258.03
-257.4
-251.2
-239.97
-222.59
26.54
-167.56
-138.51
122.48
- -
210.32
Tangible Book Value per Share
220
237
237
237
237
278
281
281
281
281
281
281
281
281
281
- -
281
Basic Weighted Avg Shares
13,031
14,952
18,477
17,928
23,153
28,005
29,289
35,099
47,410
48,134
46,174
59,990
73,537
89,570
100,366
75,199
75,199
Sales/Revenue/Turnover
16.95
16.1
13.03
14.32
15.56
25.63
22.13
21.61
20.73
22.11
22.9
24.18
13.98
13.34
26.21
22.9
22.9
Operating Margin (%)
691
850
1,324
1,389
1,517
2,690
2,640
2,914
2,582
2,998
2,759
3,382
3,411
3,666
2,897
1,606
1,606
Depreciation Expense
2,104
1,248
842
974
815
-854
-2,053
-1,111
-335
1,653
2,762
7,786
2,924
5,031
16,941
25,500
25,500
Net Income, GAAP
16.77
28.02
60.21
55.6
101.73
- -
- -
- -
130.84
50.85
37.51
17.25
50.03
40.09
- -
17.77
17.77
Effective Tax Rate (%)
16.14
8.35
4.56
5.44
3.52
-3.05
-7.01
-3.17
-0.71
3.43
5.98
12.98
3.98
5.62
16.88
33.91
33.91
Profit Margin (%)
1,200
-300
-1,201
343
-3,467
-11,006
-7,748
-8,802
-8,407
-10,303
-4,861
12,052
13,477
19,272
33,341
55,852
55,852
Working Capital
10,276
14,572
21,735
29,621
39,946
42,292
45,487
48,704
54,074
55,645
58,770
29,404
38,615
37,311
6,999
5,365
5,365
LT Debt
10,042
10,971
13,294
17,274
20,778
8,525
5,864
4,096
4,058
5,423
8,303
16,000
18,959
24,246
41,591
65,761
65,761
Total Equity
9.45
6.88
2.9
2.61
-0.11
- -
- -
- -
-5.04
7.89
9.21
18.85
8.19
9.32
- -
19.61
19.61
Return on Invested Capital (%)
15.63
8.32
6.23
5.98
3.38
- -
- -
- -
-5.86
11.27
13.57
28.74
14.68
16.86
- -
89.29
89.29
Return on Capital (%)
44.25
13.05
15.71
148.07
19.59
- -
- -
- -
- -
- -
- -
- -
37.86
42.94
74.6
156.49
156.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
15,085
- -
10,719
LT Borrowings
4,231
- -
4,460
LT Finance Leases
573
- -
905
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
281
- -
281
Market Capitalization
51,883
47,324
28,667

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
162,858
- -
101,424
Cash, Cash Equivalents & STI
15,438
- -
8,738
Accounts Receivable, Net
14,178
- -
16,099
Inventories
4,658
- -
4,404
Total Current Liabilities
126,881
- -
45,572
Payables & Accruals
- -
- -
- -
ST Debt
15,085
- -
10,719
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.32%
53.75%
58.12%
Free Cash Flow
10.16%
86.94%
-65.44%
Net Income, GAAP
-2.35%
95.75%
50.52%
Sales/Revenue/Turnover
11.82%
12.25%
-25.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19,352
21,543
26,571
22,104
89,570
2025
24,654
24,889
23,879
26,944
100,366
2026
18,871
18,512
18,273
19,543
75,199

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.04
3.56
3.43
- -
17.92
2025
5.36
16.28
23.32
15.4
60.35
2026
7.74
2.78
75.21
5.1
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Ashoka Buildcon Limited, founded in 1976 and headquartered in Nashik, Maharashtra, India, operates as an integrated infrastructure development company specializing in engineering, procurement, and construction (EPC), build-operate-transfer (BOT), and hybrid annuity model (HAM) projects across transportation, power, railways, urban infrastructure, and related sectors. The company executes national and state highway development projects including construction, expansion, maintenance, tolling, and operation; power transmission lines, substation construction, and rural electrification; railway track laying, electrification, signaling, and telecommunication systems; smart city solutions encompassing water supply, sewerage systems, city roads, pathways, LED street lighting, and traffic management; real estate development; construction of institutional, commercial, government, healthcare, and educational buildings; renewable energy projects such as solar power farms; sales of ready-mixed concrete; and operation and maintenance services for highways and power infrastructure, primarily serving government authorities and private clients throughout India. In recent developments, Ashoka Buildcon completed the acquisition of remaining stakes in its subsidiary Ashoka Concessions Limited (ACL), including partial stakes valued at ₹882.25 crore in Class A and B Compulsorily Convertible Debentures from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust in October 2025, alongside earlier purchases totaling ₹1,526 crore to consolidate its road and highway BOT/annuity portfolio; its subsidiary Viva Highways acquired a 26% stake in Jaora Nayagaon Toll Road Company for ₹150 crore under agreements dated October 30, 2024, pending final regulatory approvals, strengthening operational control and project bidding capabilities in the infrastructure segment.