Ashoka Buildcon Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: October 17, 2025, 8:15 pm

Market Cap	5,344 Cr.
Current Price	190
High / Low	319/158
Stock P/E	3.03
Book Value	139
Dividend Yield	0.00 %
ROCE	39.7 %
ROE	54.8 %
Face Value	5.00
PEG Ratio	0.17

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ashoka Buildcon Ltd

Competitors of Ashoka Buildcon Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mount Housing & Infrastructure Ltd	9.53 Cr.	31.5	/		12.6	0.00 %	4.85 %	19.6 %	10.0
Marathon Nextgen Realty Ltd	4,129 Cr.	614	775/352	19.7	232	0.16 %	12.0 %	13.2 %	5.00
Mangalam Cement Ltd	2,051 Cr.	747	1,024/640	34.0	310	0.20 %	9.87 %	5.70 %	10.0
IRB Infrastructure Developers Ltd	25,865 Cr.	42.8	62.0/40.5	31.0	32.8	0.70 %	7.82 %	5.91 %	1.00
Ashoka Buildcon Ltd	5,344 Cr.	190	319/158	3.03	139	0.00 %	39.7 %	54.8 %	5.00
Industry Average	8,739.40 Cr	322.66		31.84	133.19	0.14%	13.92%	16.56%	6.00

All Competitor Stocks of Ashoka Buildcon Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Sales	1,879	1,808	1,956	2,448	1,935	2,154	2,657	3,052	2,465	2,489	2,388	2,694	1,887
Expenses	1,395	1,382	1,466	1,893	1,462	1,608	2,070	2,426	1,866	1,584	1,749	1,917	1,288
Operating Profit	484	425	490	556	473	546	587	626	599	905	639	777	599
OPM %	26%	24%	25%	23%	24%	25%	22%	21%	24%	36%	27%	29%	32%
Other Income	43	37	41	-42	38	41	42	193	29	40	39	61	50
Interest	250	276	290	288	319	321	337	334	308	307	313	318	311
Depreciation	84	82	88	87	96	99	103	68	94	98	58	40	38
Profit before tax	193	104	152	139	97	167	189	417	227	540	307	481	300
Tax %	30%	37%	9%	132%	26%	29%	48%	39%	30%	14%	-116%	6%	24%
Net Profit	135	66	138	-45	72	119	99	254	158	462	662	452	227
EPS in Rs	4.79	2.27	4.85	-1.49	2.41	4.00	3.43	8.89	5.36	16.28	23.32	15.40	7.74

Last Updated: August 20, 2025, 1:30 pm

Below is a detailed analysis of the quarterly data for Ashoka Buildcon Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

For Sales, as of Jun 2025, the value is 1,887.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,694.00 Cr. (Mar 2025) to 1,887.00 Cr., marking a decrease of 807.00 Cr..
For Expenses, as of Jun 2025, the value is 1,288.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,917.00 Cr. (Mar 2025) to 1,288.00 Cr., marking a decrease of 629.00 Cr..
For Operating Profit, as of Jun 2025, the value is 599.00 Cr.. The value appears to be declining and may need further review. It has decreased from 777.00 Cr. (Mar 2025) to 599.00 Cr., marking a decrease of 178.00 Cr..
For OPM %, as of Jun 2025, the value is 32.00%. The value appears strong and on an upward trend. It has increased from 29.00% (Mar 2025) to 32.00%, marking an increase of 3.00%.
For Other Income, as of Jun 2025, the value is 50.00 Cr.. The value appears to be declining and may need further review. It has decreased from 61.00 Cr. (Mar 2025) to 50.00 Cr., marking a decrease of 11.00 Cr..
For Interest, as of Jun 2025, the value is 311.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 318.00 Cr. (Mar 2025) to 311.00 Cr., marking a decrease of 7.00 Cr..
For Depreciation, as of Jun 2025, the value is 38.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 40.00 Cr. (Mar 2025) to 38.00 Cr., marking a decrease of 2.00 Cr..
For Profit before tax, as of Jun 2025, the value is 300.00 Cr.. The value appears to be declining and may need further review. It has decreased from 481.00 Cr. (Mar 2025) to 300.00 Cr., marking a decrease of 181.00 Cr..
For Tax %, as of Jun 2025, the value is 24.00%. The value appears to be increasing, which may not be favorable. It has increased from 6.00% (Mar 2025) to 24.00%, marking an increase of 18.00%.
For Net Profit, as of Jun 2025, the value is 227.00 Cr.. The value appears to be declining and may need further review. It has decreased from 452.00 Cr. (Mar 2025) to 227.00 Cr., marking a decrease of 225.00 Cr..
For EPS in Rs, as of Jun 2025, the value is 7.74. The value appears to be declining and may need further review. It has decreased from 15.40 (Mar 2025) to 7.74, marking a decrease of 7.66.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 22, 2025, 5:24 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,795	2,320	2,825	2,973	3,601	4,930	5,070	4,992	5,999	8,100	9,798	10,037	9,458
Expenses	1,413	1,847	1,907	2,037	2,462	3,537	3,495	3,455	4,210	6,132	7,564	7,117	6,538
Operating Profit	382	473	918	935	1,140	1,393	1,575	1,536	1,789	1,969	2,235	2,920	2,920
OPM %	21%	20%	33%	31%	32%	28%	31%	31%	30%	24%	23%	29%	31%
Other Income	14	29	24	82	111	17	93	147	485	64	312	170	190
Interest	134	272	800	908	994	1,021	1,043	970	1,004	1,104	1,310	1,245	1,249
Depreciation	139	152	269	264	291	258	300	276	338	341	367	290	234
Profit before tax	124	78	-126	-155	-35	131	326	438	932	588	870	1,555	1,628
Tax %	56%	102%	77%	45%	239%	131%	51%	38%	17%	50%	40%	-12%
Net Profit	55	-1	-224	-225	-119	-40	160	273	771	294	521	1,734	1,803
EPS in Rs	4.11	3.42	-3.04	-7.31	-3.96	-1.19	5.89	9.84	27.73	10.42	17.92	60.35	62.74
Dividend Payout %	24%	27%	-33%	-15%	-13%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-101.82%	-22300.00%	-0.45%	47.11%	66.39%	500.00%	70.62%	182.42%	-61.87%	77.21%	232.82%
Change in YoY Net Profit Growth (%)	0.00%	-22198.18%	22299.55%	47.56%	19.28%	433.61%	-429.38%	111.79%	-244.29%	139.08%	155.61%

Ashoka Buildcon Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	15%
3 Years:	19%
TTM:	-8%

Compounded Profit Growth
10 Years:	35%
5 Years:	60%
3 Years:	50%
TTM:	223%

Stock Price CAGR
10 Years:	5%
5 Years:	22%
3 Years:	30%
1 Year:	-20%

Return on Equity
10 Years:	25%
5 Years:	40%
3 Years:	38%
Last Year:	55%

Last Updated: September 4, 2025, 11:50 pm

Balance Sheet

Last Updated: October 10, 2025, 1:40 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	79	79	94	94	94	140	140	140	140	140	140	140
Reserves	1,184	1,278	1,621	376	222	147	274	479	1,240	1,535	2,080	3,775
Borrowings	3,193	3,873	4,692	4,754	5,102	6,044	6,262	6,719	3,635	5,509	5,450	1,988
Other Liabilities	9,063	9,437	4,571	5,580	6,132	6,770	6,958	6,879	10,389	9,860	11,338	14,670
Total Liabilities	13,518	14,667	10,977	10,804	11,550	13,101	13,634	14,217	15,405	17,045	19,009	20,573
Fixed Assets	4,025	12,571	8,515	8,016	7,875	7,874	7,693	7,488	1,309	6,927	6,689	1,124
CWIP	7,962	151	20	37	46	58	77	62	73	62	39	53
Investments	285	240	228	186	247	284	186	214	65	73	112	221
Other Assets	1,246	1,705	2,215	2,565	3,381	4,885	5,678	6,454	13,959	9,982	12,169	19,175
Total Assets	13,518	14,667	10,977	10,804	11,550	13,101	13,634	14,217	15,405	17,045	19,009	20,573

Below is a detailed analysis of the balance sheet data for Ashoka Buildcon Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 140.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 140.00 Cr..
For Reserves, as of Mar 2025, the value is 3,775.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,080.00 Cr. (Mar 2024) to 3,775.00 Cr., marking an increase of 1,695.00 Cr..
For Borrowings, as of Mar 2025, the value is 1,988.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 5,450.00 Cr. (Mar 2024) to 1,988.00 Cr., marking a decrease of 3,462.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 14,670.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11,338.00 Cr. (Mar 2024) to 14,670.00 Cr., marking an increase of 3,332.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 20,573.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19,009.00 Cr. (Mar 2024) to 20,573.00 Cr., marking an increase of 1,564.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 1,124.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,689.00 Cr. (Mar 2024) to 1,124.00 Cr., marking a decrease of 5,565.00 Cr..
For CWIP, as of Mar 2025, the value is 53.00 Cr.. The value appears strong and on an upward trend. It has increased from 39.00 Cr. (Mar 2024) to 53.00 Cr., marking an increase of 14.00 Cr..
For Investments, as of Mar 2025, the value is 221.00 Cr.. The value appears strong and on an upward trend. It has increased from 112.00 Cr. (Mar 2024) to 221.00 Cr., marking an increase of 109.00 Cr..
For Other Assets, as of Mar 2025, the value is 19,175.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,169.00 Cr. (Mar 2024) to 19,175.00 Cr., marking an increase of 7,006.00 Cr..
For Total Assets, as of Mar 2025, the value is 20,573.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,009.00 Cr. (Mar 2024) to 20,573.00 Cr., marking an increase of 1,564.00 Cr..

Notably, the Reserves (3,775.00 Cr.) exceed the Borrowings (1,988.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	379.00	470.00	914.00	931.00	-4.00	-5.00	-5.00	-5.00	-2.00	-4.00	-3.00	1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	27	57	67	44	70	78	67	66	46	41	39	44
Inventory Days			443	220	184	103	137	123	108	77	71	67
Days Payable			223	351	285	229	232	206	206	146	160	157
Cash Conversion Cycle	27	57	287	-87	-31	-48	-28	-17	-52	-28	-49	-46
Working Capital Days	-30	-20	-11	-113	-120	-94	-129	-83	35	-48	-54	3
ROCE %	6%	7%	11%	12%	18%	20%	20%	20%	25%	28%	27%	40%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Promoters	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.47%	54.47%	54.47%	54.47%	54.47%	54.47%
FIIs	1.93%	2.00%	1.90%	2.40%	2.97%	4.51%	7.23%	7.63%	7.95%	8.52%	7.48%	7.29%
DIIs	19.10%	19.47%	19.67%	18.64%	19.96%	19.72%	17.63%	19.32%	17.79%	15.46%	14.93%	14.16%
Public	24.48%	24.05%	23.93%	24.48%	22.60%	21.28%	20.66%	18.57%	19.80%	21.55%	23.12%	24.07%
No. of Shareholders	1,39,880	1,36,398	1,39,844	1,37,954	1,34,365	1,28,021	1,53,588	1,54,029	1,59,570	1,73,239	1,91,068	1,98,952

Shareholding Pattern Chart

No. of Shareholders

Ashoka Buildcon Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Multicap Fund	9,774,969	1.45	223.48	9,774,969	2025-04-22 17:25:42	0%
SBI Infrastructure Fund	4,500,000	2.03	102.88	4,500,000	2025-04-22 17:25:42	0%
Kotak Infrastructure & Economic Reform Fund - Regular Plan	2,500,000	2.26	57.16	2,500,000	2025-04-22 17:25:42	0%
SBI Multi Asset Allocation Fund	2,500,000	0.91	57.16	2,500,000	2025-04-22 17:25:42	0%
Kotak ELSS Tax Saver Fund	1,500,000	0.53	34.29	1,500,000	2025-04-22 17:25:42	0%
L&T Flexicap Fund - Regular Plan	4,463,389	1.15	33.03	4,463,389	2025-04-22 17:25:42	0%
SBI Equity Savings Fund	869,506	0.37	19.88	869,506	2025-04-22 17:25:42	0%
Kotak Multi Asset Allocation Fund	777,526	0.23	17.78	777,526	2025-04-22 17:25:42	0%
Aditya Birla Sun Life Bal Bhavishya Yojna - Savings Plan	1,059,619	1.34	10.58	1,059,619	2025-04-22 17:25:42	0%
LIC MF Infrastructure Fund	184,817	0.56	4.23	184,817	2025-04-22 17:25:42	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	60.35	17.92	13.23	27.73	9.84
Diluted EPS (Rs.)	60.35	17.92	13.23	27.73	9.84
Cash EPS (Rs.)	72.04	32.28	25.37	39.14	18.95
Book Value[Excl.RevalReserv]/Share (Rs.)	139.47	79.09	70.35	56.99	29.58
Book Value[Incl.RevalReserv]/Share (Rs.)	139.47	79.09	70.35	56.99	29.58
Revenue From Operations / Share (Rs.)	357.53	349.04	288.56	211.80	177.82
PBDIT / Share (Rs.)	110.03	87.57	74.93	69.01	59.34
PBIT / Share (Rs.)	99.71	74.51	62.78	56.96	49.51
PBT / Share (Rs.)	55.35	31.64	20.89	32.82	14.97
Net Profit / Share (Rs.)	61.72	19.22	13.22	27.09	9.12
NP After MI And SOA / Share (Rs.)	60.35	17.92	13.23	27.73	9.84
PBDIT Margin (%)	30.77	25.08	25.96	32.58	33.36
PBIT Margin (%)	27.88	21.34	21.75	26.89	27.84
PBT Margin (%)	15.48	9.06	7.24	15.49	8.41
Net Profit Margin (%)	17.26	5.50	4.58	12.79	5.12
NP After MI And SOA Margin (%)	16.87	5.13	4.58	13.09	5.53
Return on Networth / Equity (%)	43.26	22.65	21.16	56.38	44.60
Return on Capital Employeed (%)	44.10	21.80	51.79	30.13	14.14
Return On Assets (%)	8.15	2.63	2.16	5.03	1.94
Long Term Debt / Equity (X)	0.39	1.68	0.43	2.13	9.49
Total Debt / Equity (X)	0.98	2.42	1.09	2.62	9.95
Asset Turnover Ratio (%)	0.50	0.54	0.49	0.46	0.39
Current Ratio (X)	1.23	1.20	1.15	1.12	0.88
Quick Ratio (X)	1.19	1.13	1.11	1.07	0.79
Inventory Turnover Ratio (X)	4.81	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	2.48	1.88	1.91	1.93	1.72
Interest Coverage Ratio (Post Tax) (X)	2.39	1.33	1.40	1.43	1.26
Enterprise Value (Cr.)	9128.93	9228.39	3676.48	5520.30	8599.22
EV / Net Operating Revenue (X)	0.90	0.94	0.45	0.92	1.72
EV / EBITDA (X)	2.96	3.75	1.75	2.85	5.16
MarketCap / Net Operating Revenue (X)	0.53	0.44	0.25	0.40	0.57
Price / BV (X)	1.38	1.98	1.18	1.74	4.61
Price / Net Operating Revenue (X)	0.53	0.44	0.25	0.40	0.57
EarningsYield	0.31	0.11	0.17	0.32	0.09

After reviewing the key financial ratios for Ashoka Buildcon Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 25, the value is 60.35. This value is within the healthy range. It has increased from 17.92 (Mar 24) to 60.35, marking an increase of 42.43.
For Diluted EPS (Rs.), as of Mar 25, the value is 60.35. This value is within the healthy range. It has increased from 17.92 (Mar 24) to 60.35, marking an increase of 42.43.
For Cash EPS (Rs.), as of Mar 25, the value is 72.04. This value is within the healthy range. It has increased from 32.28 (Mar 24) to 72.04, marking an increase of 39.76.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 139.47. It has increased from 79.09 (Mar 24) to 139.47, marking an increase of 60.38.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 139.47. It has increased from 79.09 (Mar 24) to 139.47, marking an increase of 60.38.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 357.53. It has increased from 349.04 (Mar 24) to 357.53, marking an increase of 8.49.
For PBDIT / Share (Rs.), as of Mar 25, the value is 110.03. This value is within the healthy range. It has increased from 87.57 (Mar 24) to 110.03, marking an increase of 22.46.
For PBIT / Share (Rs.), as of Mar 25, the value is 99.71. This value is within the healthy range. It has increased from 74.51 (Mar 24) to 99.71, marking an increase of 25.20.
For PBT / Share (Rs.), as of Mar 25, the value is 55.35. This value is within the healthy range. It has increased from 31.64 (Mar 24) to 55.35, marking an increase of 23.71.
For Net Profit / Share (Rs.), as of Mar 25, the value is 61.72. This value is within the healthy range. It has increased from 19.22 (Mar 24) to 61.72, marking an increase of 42.50.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 60.35. This value is within the healthy range. It has increased from 17.92 (Mar 24) to 60.35, marking an increase of 42.43.
For PBDIT Margin (%), as of Mar 25, the value is 30.77. This value is within the healthy range. It has increased from 25.08 (Mar 24) to 30.77, marking an increase of 5.69.
For PBIT Margin (%), as of Mar 25, the value is 27.88. This value exceeds the healthy maximum of 20. It has increased from 21.34 (Mar 24) to 27.88, marking an increase of 6.54.
For PBT Margin (%), as of Mar 25, the value is 15.48. This value is within the healthy range. It has increased from 9.06 (Mar 24) to 15.48, marking an increase of 6.42.
For Net Profit Margin (%), as of Mar 25, the value is 17.26. This value exceeds the healthy maximum of 10. It has increased from 5.50 (Mar 24) to 17.26, marking an increase of 11.76.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 16.87. This value is within the healthy range. It has increased from 5.13 (Mar 24) to 16.87, marking an increase of 11.74.
For Return on Networth / Equity (%), as of Mar 25, the value is 43.26. This value is within the healthy range. It has increased from 22.65 (Mar 24) to 43.26, marking an increase of 20.61.
For Return on Capital Employeed (%), as of Mar 25, the value is 44.10. This value is within the healthy range. It has increased from 21.80 (Mar 24) to 44.10, marking an increase of 22.30.
For Return On Assets (%), as of Mar 25, the value is 8.15. This value is within the healthy range. It has increased from 2.63 (Mar 24) to 8.15, marking an increase of 5.52.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.39. This value is within the healthy range. It has decreased from 1.68 (Mar 24) to 0.39, marking a decrease of 1.29.
For Total Debt / Equity (X), as of Mar 25, the value is 0.98. This value is within the healthy range. It has decreased from 2.42 (Mar 24) to 0.98, marking a decrease of 1.44.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.50. It has decreased from 0.54 (Mar 24) to 0.50, marking a decrease of 0.04.
For Current Ratio (X), as of Mar 25, the value is 1.23. This value is below the healthy minimum of 1.5. It has increased from 1.20 (Mar 24) to 1.23, marking an increase of 0.03.
For Quick Ratio (X), as of Mar 25, the value is 1.19. This value is within the healthy range. It has increased from 1.13 (Mar 24) to 1.19, marking an increase of 0.06.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.81. This value is within the healthy range. It has increased from 0.00 (Mar 24) to 4.81, marking an increase of 4.81.
For Interest Coverage Ratio (X), as of Mar 25, the value is 2.48. This value is below the healthy minimum of 3. It has increased from 1.88 (Mar 24) to 2.48, marking an increase of 0.60.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.39. This value is below the healthy minimum of 3. It has increased from 1.33 (Mar 24) to 2.39, marking an increase of 1.06.
For Enterprise Value (Cr.), as of Mar 25, the value is 9,128.93. It has decreased from 9,228.39 (Mar 24) to 9,128.93, marking a decrease of 99.46.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.90. This value is below the healthy minimum of 1. It has decreased from 0.94 (Mar 24) to 0.90, marking a decrease of 0.04.
For EV / EBITDA (X), as of Mar 25, the value is 2.96. This value is below the healthy minimum of 5. It has decreased from 3.75 (Mar 24) to 2.96, marking a decrease of 0.79.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.53. This value is below the healthy minimum of 1. It has increased from 0.44 (Mar 24) to 0.53, marking an increase of 0.09.
For Price / BV (X), as of Mar 25, the value is 1.38. This value is within the healthy range. It has decreased from 1.98 (Mar 24) to 1.38, marking a decrease of 0.60.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.53. This value is below the healthy minimum of 1. It has increased from 0.44 (Mar 24) to 0.53, marking an increase of 0.09.
For EarningsYield, as of Mar 25, the value is 0.31. This value is below the healthy minimum of 5. It has increased from 0.11 (Mar 24) to 0.31, marking an increase of 0.20.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ashoka Buildcon Ltd as of October 18, 2025 is: 188.33

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 18, 2025, Ashoka Buildcon Ltd is Overvalued by 0.88% compared to the current share price 190.00

Intrinsic Value of Ashoka Buildcon Ltd as of October 18, 2025 is: 221.74

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 18, 2025, Ashoka Buildcon Ltd is Undervalued by 16.71% compared to the current share price 190.00

Last 5 Year EPS CAGR: 17.74%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 19.50%, which is a positive sign. The stock has a low average Working Capital Days of -55.33, which is a positive sign. The stock has a low average Cash Conversion Cycle of -1.25, which is a positive sign. The company has shown consistent growth in sales (4.92 cr) and profit (244.08 cr) over the years.	The company has higher borrowings (4,768.42) compared to reserves (1,184.25), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ashoka Buildcon Ltd:
1. Net Profit Margin: 17.26%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 44.1% (Industry Average ROCE: 12.18%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 43.26% (Industry Average ROE: 14.49%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.39
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.19
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 3.03 (Industry average Stock P/E: 23.88)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.98
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ashoka Buildcon Ltd. is a Public Limited Listed company incorporated on 13/05/1993 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH1993PLC071970 and registration number is 071970. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company's Total Operating Revenue is Rs. 7061.43 Cr. and Equity Capital is Rs. 140.36 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	S. No. 861, Ashoka House, Nasik Maharashtra 422011	investors@ashokabuildcon.com http://www.ashokabuildcon.com

Management
Name	Position Held
Mr. Ashok Katariya	Executive Chairman
Mr. Satish Parakh	Managing Director
Mr. Sanjay Londhe	Whole Time Director
Mr. Ashish Kataria	Whole Time Director
Mr. Mahendra Mehta	Independent Director
Ms. Shilpa Hiran	Independent Director
Mr. Mario Nazareth	Independent Director
Mr. Nikhilesh Panchal	Independent Director

FAQ

What is the intrinsic value of Ashoka Buildcon Ltd?

Ashoka Buildcon Ltd's intrinsic value (as of 18 October 2025) is 188.33 which is 0.88% lower the current market price of 190.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,344 Cr. market cap, FY2025-2026 high/low of 319/158, reserves of ₹3,775 Cr, and liabilities of 20,573 Cr.

What is the Market Cap of Ashoka Buildcon Ltd?

The Market Cap of Ashoka Buildcon Ltd is 5,344 Cr..

What is the current Stock Price of Ashoka Buildcon Ltd as on 18 October 2025?

The current stock price of Ashoka Buildcon Ltd as on 18 October 2025 is 190.

What is the High / Low of Ashoka Buildcon Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ashoka Buildcon Ltd stocks is 319/158.

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

The Stock P/E of Ashoka Buildcon Ltd is 3.03.

What is the Book Value of Ashoka Buildcon Ltd?

The Book Value of Ashoka Buildcon Ltd is 139.

What is the Dividend Yield of Ashoka Buildcon Ltd?

The Dividend Yield of Ashoka Buildcon Ltd is 0.00 %.

What is the ROCE of Ashoka Buildcon Ltd?

The ROCE of Ashoka Buildcon Ltd is 39.7 %.

What is the ROE of Ashoka Buildcon Ltd?

The ROE of Ashoka Buildcon Ltd is 54.8 %.

What is the Face Value of Ashoka Buildcon Ltd?

The Face Value of Ashoka Buildcon Ltd is 5.00.