Ashoka Buildcon Limited
₹96.40-₹2.60 (-2.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,227 Cr
- P/E
- 21.0x
- EV / EBITDA
- 4.7x
- Revenue
- ₹7,061 Cr
- Net margin
- 5.7%
- ROCE
- 10.9%
Price chart
Technical chartScreen technicals →-51.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.6%
- 3M
- -21.8%
- 6M
- -28.2%
- 1Y
- -51.0%
- 5Y
- -10.5%
52-week range
Day change -₹2.60 (-2.6%) from ₹99 to ₹96 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ASHOKA, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong short-term liquidity — current ratio of 2.42x
Concerns1
- Other income is 57.7% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Ashoka Buildcon Limited engages in the construction business in India. The company operates through Construction & Contract Related Activity; Built, Operate and Transfer (BOT)/ Annuity Projects; and Sale of Goods segments. The company engages in the construction of infrastructure facilities on engineering, procurement, and construction basis, as well as built, operate, and transfer basis.
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Ashoka Buildcon Limited engages in the construction business in India. The company operates through Construction & Contract Related Activity; Built, Operate and Transfer (BOT)/ Annuity Projects; and Sale of Goods segments. The company engages in the construction of infrastructure facilities on engineering, procurement, and construction basis, as well as built, operate, and transfer basis. It also sells ready mix concrete and real estate properties. It undertakes various projects, such as highways, bridges, power, buildings, solar, water, airports, and railways. Ashoka Buildcon Limited was founded in 1976 and is based in Nashik, India.
- Sector
- Industrials
- Shares outstanding
- 28.0 Cr shares
- ISIN
- INE442H01029
- BSE code
- 533271
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,227 Cr
- P/E
- 21.0x
- P/B
- 1.0x
- EV / EBITDA
- 4.7x
- EV / Sales
- 0.6x
- P/S
- 0.5x
- Earnings yield
- 4.8%
- 52-week high
- ₹211.60
- 52-week low
- ₹96.30
Profitability
- Operating margin
- 7.5%
- Net margin
- 5.7%
- EBITDA margin
- 11.8%
- ROE
- 11.6%
- ROCE
- 10.9%
- ROA
- 5.1%
- Dividend payout
- 0.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 57.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹7,061 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹908 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -55.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹410 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 461.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹222 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.3%
Solvency and efficiency
- Current ratio
- 2.42
- Debt / Equity
- 0.38
- Debt / Assets
- 0.17
- Debt / EBITDA
- 1.60
- Interest coverage
- 2.53
- Financial leverage
- 2.29
- CFO / Net profit
- 0.93
- Cash / Market cap
- 163.7%
- Cash per share
- ₹247.20
- Asset turnover
- 0.88
- Fixed asset turnover
- 23.63
- Capital intensity
- 0.04
- Debtor days
- 52 days
- Inventory turnover
- 7.93
- Cash conversion cycle
- -69 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹3 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹6,514 Cr |
| Sales | Operating profit | ₹547 Cr |
| Operating profit | Interest | ₹296 Cr |
| Operating profit | Depreciation | ₹98 Cr |
| Operating profit | Profit before tax | ₹153 Cr |
| Other income | Profit before tax | ₹127 Cr |
| Profit before tax | Tax and other | ₹82 Cr |
| Profit before tax | Net profit | ₹197 Cr |
Revenue and net profit
Revenue fell 8.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,818 Cr | ₹408 Cr |
| FY2022 | ₹4,645 Cr | -₹309 Cr |
| FY2023 | ₹6,372 Cr | ₹671 Cr |
| FY2024 | ₹7,727 Cr | ₹443 Cr |
| FY2025 | ₹7,061 Cr | ₹197 Cr |
Cash flows
FY2025: -₹591 Cr from operations, -₹540 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹131 Cr | -₹75 Cr |
| FY2022 | ₹161 Cr | -₹91 Cr |
| FY2023 | ₹73 Cr | -₹318 Cr |
| FY2024 | ₹410 Cr | ₹128 Cr |
| FY2025 | -₹591 Cr | -₹540 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹7,061 Cr-8.6%1Y
- Net profit
- ₹197 Cr-55.5%1Y
- Cash from operations
- -₹591 Cr
- Free cash flow
- -₹540 Cr-521.9%1Y
- Revenue CAGR, 5Y
- 14.4%
- EBITDA CAGR, 5Y
- 4.4%
- Net profit CAGR, 5Y
- 2.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹7,061 Cr | ₹547 Cr | — | ₹197 Cr | -₹591 Cr | -₹540 Cr | 4.9% | -8.6% | -55.5% |
Monthly returns
Month-by-month returns of ASHOKA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹9,393 Cr |
| Equity capital | ₹140 Cr |
| Reserves | ₹3,869 Cr |
| Borrowings | ₹2,062 Cr |
| Other liabilities | ₹3,321 Cr |
| Assets | ₹9,393 Cr |
| Fixed assets | ₹308 Cr |
| Capital work in progress | ₹16 Cr |
| Investments | ₹1,263 Cr |
| Other assets | ₹7,805 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ASHOKA trades at 21.0x earnings against a peer median of 38.3x (a 45% discount).
Not shown (no positive earnings and no EV / Sales): SpiceJet Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Ashoka Buildcon LimitedASHOKAthis companyP/E ↓ discount | ₹4,227 Cr | 21.0x | 1.0x | 11.6% | 4.7x |
| KRN HEAT EXCHANGER AND REFRIGERATION LIMITEDKRN | ₹4,423 Cr | 67.2x | 8.3x | 30.5% | 69.4x |
| Kennametal India LimtiedKENNAMET | ₹4,410 Cr | 40.4x | 5.9x | — | — |
| Swaraj Engines Ltd.SWARAJENG | ₹4,379 Cr | 24.7x | 11.2x | 37.5% | 21.3x |
| SG MART LIMITEDSGMART | ₹4,314 Cr | 44.9x | 2.9x | 5.6% | 44.8x |
| RAGHAV PRODUCTIVITY ENHANCERS LIMITEDRPEL | ₹4,170 Cr | 154.0x | 21.9x | 15.7% | 112.3x |
| Precision Wires India ltd.PRECWIRE | ₹4,146 Cr | 37.3x | 6.2x | 14.4% | 26.6x |
| The Anup Engineering LtdANUP | ₹4,120 Cr | 34.8x | 6.7x | 19.5% | 29.7x |
| SpiceJet LimitedSPICEJET | ₹4,067 Cr | — | -20.0x | 15.8% | 10.2x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
ASHOKA since 1 January, against earlier years.
Historical volatility
ASHOKA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 14.0% |
| FY2022 | 12.0% |
| FY2023 | 8.0% |
| FY2024 | 7.0% |
| FY2025 | 8.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹7,061 Cr |
| Costs | |
| Interest | ₹296 Cr |
| Expenses | ₹6,515 Cr |
| Operating profitOperating Profit | ₹547 Cr |
| Other income and charges | |
| Profit before tax | ₹279 Cr |
| Tax | |
| Net profitNet Profit | ₹197 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹9,393 Cr |
| Equity capitalEquity Capital | ₹140 Cr |
| Reserves | ₹3,869 Cr |
| Borrowings | ₹2,062 Cr |
| Other liabilitiesOther Liabilities | ₹3,321 Cr |
| AssetsTotal Assets | ₹9,393 Cr |
| Fixed assetsFixed Assets | ₹308 Cr |
| Capital work in progressCWIP | ₹16 Cr |
| Investments | ₹1,263 Cr |
| Other assetsOther Assets | ₹7,805 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹591 Cr |
| Investing cash flowCash from Investing Activity | ₹51 Cr |
| Financing cash flowCash from Financing Activity | ₹318 Cr |
| Change in cashNet Cash Flow | -₹222 Cr |
Learn while you research
Academy chapters picked for Ashoka Buildcon Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read