Ashoka Buildcon Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 9:59 pm

Market Cap	5,562 Cr.
Current Price	198
High / Low	319/158
Stock P/E	3.84
Book Value	101
Dividend Yield	0.00 %
ROCE	27.1 %
ROE	22.7 %
Face Value	5.00
PEG Ratio	0.09

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	31.5/30.0		11.7	0.00 %	8.64 %	1.73 %	10.0
Mangalam Cement Ltd	2,268 Cr.	827	1,096/640	49.9	301	0.18 %	11.9 %	7.63 %	10.0
IRB Infrastructure Developers Ltd	29,289 Cr.	48.5	78.2/41.0	39.3	23.1	0.62 %	8.96 %	4.38 %	1.00
Ashoka Buildcon Ltd	5,562 Cr.	198	319/158	3.84	101	0.00 %	27.1 %	22.7 %	5.00
Ansal Properties & Infrastructure Ltd	70.4 Cr.	4.48	15.6/3.52		51.1	0.00 %	%	%	5.00
Industry Average	10,766.50 Cr	286.87		26.44	108.47	0.12%	15.50%	9.28%	6.14

All Competitor Stocks of Ashoka Buildcon Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,440	1,992	1,879	1,808	1,956	2,448	1,935	2,154	2,657	3,052	2,465	2,489	2,388
Expenses	1,042	1,424	1,395	1,382	1,466	1,893	1,462	1,608	2,070	2,426	1,866	1,584	1,749
Operating Profit	398	567	484	425	490	556	473	546	587	626	599	905	639
OPM %	28%	28%	26%	24%	25%	23%	24%	25%	22%	21%	24%	36%	27%
Other Income	365	69	43	37	41	-42	38	41	42	193	29	40	39
Interest	255	259	250	276	290	288	319	321	337	334	308	307	313
Depreciation	87	117	84	82	88	87	96	99	103	68	94	98	58
Profit before tax	421	260	193	104	152	139	97	167	189	417	227	540	307
Tax %	8%	14%	30%	37%	9%	132%	26%	29%	48%	39%	30%	14%	-116%
Net Profit	389	225	135	66	138	-45	72	119	99	254	158	462	662
EPS in Rs	13.98	8.05	4.79	2.27	4.85	-1.49	2.41	4.00	3.43	8.89	5.36	16.28	23.32

Last Updated: March 3, 2025, 5:30 pm

Below is a detailed analysis of the quarterly data for Ashoka Buildcon Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 2,388.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,489.00 Cr. (Sep 2024) to 2,388.00 Cr., marking a decrease of 101.00 Cr..
For Expenses, as of Dec 2024, the value is 1,749.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,584.00 Cr. (Sep 2024) to 1,749.00 Cr., marking an increase of 165.00 Cr..
For Operating Profit, as of Dec 2024, the value is 639.00 Cr.. The value appears to be declining and may need further review. It has decreased from 905.00 Cr. (Sep 2024) to 639.00 Cr., marking a decrease of 266.00 Cr..
For OPM %, as of Dec 2024, the value is 27.00%. The value appears to be declining and may need further review. It has decreased from 36.00% (Sep 2024) to 27.00%, marking a decrease of 9.00%.
For Other Income, as of Dec 2024, the value is 39.00 Cr.. The value appears to be declining and may need further review. It has decreased from 40.00 Cr. (Sep 2024) to 39.00 Cr., marking a decrease of 1.00 Cr..
For Interest, as of Dec 2024, the value is 313.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 307.00 Cr. (Sep 2024) to 313.00 Cr., marking an increase of 6.00 Cr..
For Depreciation, as of Dec 2024, the value is 58.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 98.00 Cr. (Sep 2024) to 58.00 Cr., marking a decrease of 40.00 Cr..
For Profit before tax, as of Dec 2024, the value is 307.00 Cr.. The value appears to be declining and may need further review. It has decreased from 540.00 Cr. (Sep 2024) to 307.00 Cr., marking a decrease of 233.00 Cr..
For Tax %, as of Dec 2024, the value is -116.00%. The value appears to be improving (decreasing) as expected. It has decreased from 14.00% (Sep 2024) to -116.00%, marking a decrease of 130.00%.
For Net Profit, as of Dec 2024, the value is 662.00 Cr.. The value appears strong and on an upward trend. It has increased from 462.00 Cr. (Sep 2024) to 662.00 Cr., marking an increase of 200.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 23.32. The value appears strong and on an upward trend. It has increased from 16.28 (Sep 2024) to 23.32, marking an increase of 7.04.

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: March 7, 2025, 9:13 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,853	1,795	2,320	2,825	2,973	3,601	4,930	5,070	4,992	5,999	8,100	9,798	10,394
Expenses	1,481	1,413	1,847	1,907	2,037	2,462	3,537	3,495	3,455	4,210	6,132	7,564	7,625
Operating Profit	372	382	473	918	935	1,140	1,393	1,575	1,536	1,789	1,969	2,235	2,769
OPM %	20%	21%	20%	33%	31%	32%	28%	31%	31%	30%	24%	23%	27%
Other Income	14	14	29	24	82	111	17	93	147	485	64	312	301
Interest	139	134	272	800	908	994	1,021	1,043	970	1,004	1,104	1,310	1,261
Depreciation	132	139	152	269	264	291	258	300	276	338	341	367	318
Profit before tax	114	124	78	-126	-155	-35	131	326	438	932	588	870	1,491
Tax %	60%	56%	102%	77%	45%	239%	131%	51%	38%	17%	50%	40%
Net Profit	45	55	-1	-224	-225	-119	-40	160	273	771	294	521	1,536
EPS in Rs	3.55	4.11	3.42	-3.04	-7.31	-3.96	-1.19	5.89	9.84	27.73	10.42	17.92	53.85
Dividend Payout %	25%	24%	27%	-33%	-15%	-13%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	22.22%	-101.82%	-22300.00%	-0.45%	47.11%	66.39%	500.00%	70.62%	182.42%	-61.87%	77.21%
Change in YoY Net Profit Growth (%)	0.00%	-124.04%	-22198.18%	22299.55%	47.56%	19.28%	433.61%	-429.38%	111.79%	-244.29%	139.08%

Ashoka Buildcon Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	19%
5 Years:	15%
3 Years:	25%
TTM:	13%

Compounded Profit Growth
10 Years:	22%
5 Years:	61%
3 Years:	17%
TTM:	581%

Stock Price CAGR
10 Years:	6%
5 Years:	26%
3 Years:	30%
1 Year:	8%

Return on Equity
10 Years:	12%
5 Years:	32%
3 Years:	28%
Last Year:	23%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:40 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	53	79	79	94	94	94	140	140	140	140	140	140	140
Reserves	998	1,184	1,278	1,621	376	222	147	274	479	1,240	1,535	2,080	2,687
Borrowings	2,454	3,193	3,873	4,692	4,754	5,102	6,044	6,262	6,719	3,635	5,509	5,450	5,542
Other Liabilities	8,934	9,063	9,437	4,571	5,580	6,132	6,770	6,958	6,879	10,389	9,860	11,335	10,869
Total Liabilities	12,439	13,518	14,667	10,977	10,804	11,550	13,101	13,634	14,217	15,405	17,045	19,005	19,239
Fixed Assets	1,500	4,025	12,571	8,515	8,016	7,875	7,874	7,693	7,488	1,309	6,927	6,689	6,528
CWIP	9,610	7,962	151	20	37	46	58	77	62	73	62	39	50
Investments	282	285	240	228	186	247	284	186	214	65	73	112	163
Other Assets	1,046	1,246	1,705	2,215	2,565	3,381	4,885	5,678	6,454	13,959	9,982	12,165	12,498
Total Assets	12,439	13,518	14,667	10,977	10,804	11,550	13,101	13,634	14,217	15,405	17,045	19,005	19,239

Below is a detailed analysis of the balance sheet data for Ashoka Buildcon Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, 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 Sep 2024, the value is ₹2,687.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,080.00 Cr. (Mar 2024) to ₹2,687.00 Cr., marking an increase of 607.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹5,542.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 5,450.00 Cr. (Mar 2024) to ₹5,542.00 Cr., marking an increase of 92.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹10,869.00 Cr.. The value appears to be improving (decreasing). It has decreased from 11,335.00 Cr. (Mar 2024) to ₹10,869.00 Cr., marking a decrease of 466.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹19,239.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19,005.00 Cr. (Mar 2024) to ₹19,239.00 Cr., marking an increase of 234.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹6,528.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,689.00 Cr. (Mar 2024) to ₹6,528.00 Cr., marking a decrease of 161.00 Cr..
For CWIP, as of Sep 2024, the value is ₹50.00 Cr.. The value appears strong and on an upward trend. It has increased from 39.00 Cr. (Mar 2024) to ₹50.00 Cr., marking an increase of 11.00 Cr..
For Investments, as of Sep 2024, the value is ₹163.00 Cr.. The value appears strong and on an upward trend. It has increased from 112.00 Cr. (Mar 2024) to ₹163.00 Cr., marking an increase of 51.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹12,498.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,165.00 Cr. (Mar 2024) to ₹12,498.00 Cr., marking an increase of 333.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹19,239.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,005.00 Cr. (Mar 2024) to ₹19,239.00 Cr., marking an increase of 234.00 Cr..

However, the Borrowings (5,542.00 Cr.) are higher than the Reserves (₹2,687.00 Cr.), which may signal higher financial risk.

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	6,500	386	390	251	827	621	-90	1,070	155	353	492	749
Cash from Investing Activity +	-7,074	-922	-812	-104	-63	-315	-244	-117	-176	-233	-311	234
Cash from Financing Activity +	576	579	369	25	-866	-98	311	-571	-221	-35	-311	-407
Net Cash Flow	2	43	-53	172	-101	208	-24	381	-242	85	-130	575

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	370.00	379.00	470.00	914.00	931.00	-4.00	-5.00	-5.00	-5.00	-2.00	-4.00	-3.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	17	27	57	67	44	70	78	67	66	46	41	39
Inventory Days				443	220	184	103	137	123	108	77	71
Days Payable				223	351	285	229	232	206	206	146	160
Cash Conversion Cycle	17	27	57	287	-87	-31	-48	-28	-17	-52	-28	-49
Working Capital Days	-22	-2	11	15	-102	-114	-70	-110	-21	77	26	8
ROCE %	8%	6%	7%	11%	12%	18%	20%	20%	20%	25%	28%	27%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.47%	54.47%	54.47%	54.47%
FIIs	2.13%	2.43%	1.93%	2.00%	1.90%	2.40%	2.97%	4.51%	7.23%	7.63%	7.95%	8.52%
DIIs	21.47%	19.83%	19.10%	19.47%	19.67%	18.64%	19.96%	19.72%	17.63%	19.32%	17.79%	15.46%
Public	21.92%	23.26%	24.48%	24.05%	23.93%	24.48%	22.60%	21.28%	20.66%	18.57%	19.80%	21.55%
No. of Shareholders	1,24,482	1,37,556	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

Shareholding Pattern Chart

No. of Shareholders

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 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	17.92	13.23	27.73	9.84	5.89
Diluted EPS (Rs.)	17.92	13.23	27.73	9.84	5.89
Cash EPS (Rs.)	32.28	25.37	39.14	18.95	15.98
Book Value[Excl.RevalReserv]/Share (Rs.)	79.09	70.35	56.99	29.58	19.32
Book Value[Incl.RevalReserv]/Share (Rs.)	79.09	70.35	56.99	29.58	19.32
Revenue From Operations / Share (Rs.)	349.04	288.56	211.80	177.82	180.62
PBDIT / Share (Rs.)	87.57	74.93	69.01	59.34	59.02
PBIT / Share (Rs.)	74.51	62.78	56.96	49.51	48.34
PBT / Share (Rs.)	31.64	20.89	32.82	14.97	11.21
Net Profit / Share (Rs.)	19.22	13.22	27.09	9.12	5.30
NP After MI And SOA / Share (Rs.)	17.92	13.23	27.73	9.84	5.89
PBDIT Margin (%)	25.08	25.96	32.58	33.36	32.67
PBIT Margin (%)	21.34	21.75	26.89	27.84	26.76
PBT Margin (%)	9.06	7.24	15.49	8.41	6.20
Net Profit Margin (%)	5.50	4.58	12.79	5.12	2.93
NP After MI And SOA Margin (%)	5.13	4.58	13.09	5.53	3.26
Return on Networth / Equity (%)	22.65	21.16	56.38	44.60	39.90
Return on Capital Employeed (%)	21.80	51.79	30.13	14.14	14.89
Return On Assets (%)	2.63	2.16	5.03	1.94	1.21
Long Term Debt / Equity (X)	1.68	0.43	2.13	9.49	13.42
Total Debt / Equity (X)	2.42	1.09	2.62	9.95	14.04
Asset Turnover Ratio (%)	0.54	0.49	0.46	0.39	0.42
Current Ratio (X)	1.20	1.15	1.12	0.88	0.77
Quick Ratio (X)	1.13	1.11	1.07	0.79	0.67
Interest Coverage Ratio (X)	1.88	1.91	1.93	1.72	1.59
Interest Coverage Ratio (Post Tax) (X)	1.33	1.40	1.43	1.26	1.14
Enterprise Value (Cr.)	9228.39	3676.48	5520.30	8599.22	6349.21
EV / Net Operating Revenue (X)	0.94	0.45	0.92	1.72	1.25
EV / EBITDA (X)	3.75	1.75	2.85	5.16	3.83
MarketCap / Net Operating Revenue (X)	0.44	0.25	0.40	0.57	0.22
Price / BV (X)	1.98	1.18	1.74	4.61	2.80
Price / Net Operating Revenue (X)	0.44	0.25	0.40	0.57	0.22
EarningsYield	0.11	0.17	0.32	0.09	0.14

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 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 17.92. This value is within the healthy range. It has increased from 13.23 (Mar 23) to 17.92, marking an increase of 4.69.
For Diluted EPS (Rs.), as of Mar 24, the value is 17.92. This value is within the healthy range. It has increased from 13.23 (Mar 23) to 17.92, marking an increase of 4.69.
For Cash EPS (Rs.), as of Mar 24, the value is 32.28. This value is within the healthy range. It has increased from 25.37 (Mar 23) to 32.28, marking an increase of 6.91.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 79.09. It has increased from 70.35 (Mar 23) to 79.09, marking an increase of 8.74.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 79.09. It has increased from 70.35 (Mar 23) to 79.09, marking an increase of 8.74.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 349.04. It has increased from 288.56 (Mar 23) to 349.04, marking an increase of 60.48.
For PBDIT / Share (Rs.), as of Mar 24, the value is 87.57. This value is within the healthy range. It has increased from 74.93 (Mar 23) to 87.57, marking an increase of 12.64.
For PBIT / Share (Rs.), as of Mar 24, the value is 74.51. This value is within the healthy range. It has increased from 62.78 (Mar 23) to 74.51, marking an increase of 11.73.
For PBT / Share (Rs.), as of Mar 24, the value is 31.64. This value is within the healthy range. It has increased from 20.89 (Mar 23) to 31.64, marking an increase of 10.75.
For Net Profit / Share (Rs.), as of Mar 24, the value is 19.22. This value is within the healthy range. It has increased from 13.22 (Mar 23) to 19.22, marking an increase of 6.00.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 17.92. This value is within the healthy range. It has increased from 13.23 (Mar 23) to 17.92, marking an increase of 4.69.
For PBDIT Margin (%), as of Mar 24, the value is 25.08. This value is within the healthy range. It has decreased from 25.96 (Mar 23) to 25.08, marking a decrease of 0.88.
For PBIT Margin (%), as of Mar 24, the value is 21.34. This value exceeds the healthy maximum of 20. It has decreased from 21.75 (Mar 23) to 21.34, marking a decrease of 0.41.
For PBT Margin (%), as of Mar 24, the value is 9.06. This value is below the healthy minimum of 10. It has increased from 7.24 (Mar 23) to 9.06, marking an increase of 1.82.
For Net Profit Margin (%), as of Mar 24, the value is 5.50. This value is within the healthy range. It has increased from 4.58 (Mar 23) to 5.50, marking an increase of 0.92.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 5.13. This value is below the healthy minimum of 8. It has increased from 4.58 (Mar 23) to 5.13, marking an increase of 0.55.
For Return on Networth / Equity (%), as of Mar 24, the value is 22.65. This value is within the healthy range. It has increased from 21.16 (Mar 23) to 22.65, marking an increase of 1.49.
For Return on Capital Employeed (%), as of Mar 24, the value is 21.80. This value is within the healthy range. It has decreased from 51.79 (Mar 23) to 21.80, marking a decrease of 29.99.
For Return On Assets (%), as of Mar 24, the value is 2.63. This value is below the healthy minimum of 5. It has increased from 2.16 (Mar 23) to 2.63, marking an increase of 0.47.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.68. This value exceeds the healthy maximum of 1. It has increased from 0.43 (Mar 23) to 1.68, marking an increase of 1.25.
For Total Debt / Equity (X), as of Mar 24, the value is 2.42. This value exceeds the healthy maximum of 1. It has increased from 1.09 (Mar 23) to 2.42, marking an increase of 1.33.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.54. It has increased from 0.49 (Mar 23) to 0.54, marking an increase of 0.05.
For Current Ratio (X), as of Mar 24, the value is 1.20. This value is below the healthy minimum of 1.5. It has increased from 1.15 (Mar 23) to 1.20, marking an increase of 0.05.
For Quick Ratio (X), as of Mar 24, the value is 1.13. This value is within the healthy range. It has increased from 1.11 (Mar 23) to 1.13, marking an increase of 0.02.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.88. This value is below the healthy minimum of 3. It has decreased from 1.91 (Mar 23) to 1.88, marking a decrease of 0.03.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.33. This value is below the healthy minimum of 3. It has decreased from 1.40 (Mar 23) to 1.33, marking a decrease of 0.07.
For Enterprise Value (Cr.), as of Mar 24, the value is 9,228.39. It has increased from 3,676.48 (Mar 23) to 9,228.39, marking an increase of 5,551.91.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1. It has increased from 0.45 (Mar 23) to 0.94, marking an increase of 0.49.
For EV / EBITDA (X), as of Mar 24, the value is 3.75. This value is below the healthy minimum of 5. It has increased from 1.75 (Mar 23) to 3.75, marking an increase of 2.00.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.44. This value is below the healthy minimum of 1. It has increased from 0.25 (Mar 23) to 0.44, marking an increase of 0.19.
For Price / BV (X), as of Mar 24, the value is 1.98. This value is within the healthy range. It has increased from 1.18 (Mar 23) to 1.98, marking an increase of 0.80.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.44. This value is below the healthy minimum of 1. It has increased from 0.25 (Mar 23) to 0.44, marking an increase of 0.19.
For EarningsYield, as of Mar 24, the value is 0.11. This value is below the healthy minimum of 5. It has decreased from 0.17 (Mar 23) to 0.11, marking a decrease of 0.06.

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 April 25, 2025 is: 71.84

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 April 25, 2025, Ashoka Buildcon Ltd is Overvalued by 63.72% compared to the current share price 198.00

Intrinsic Value of Ashoka Buildcon Ltd as of April 25, 2025 is: 100.93

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 April 25, 2025, Ashoka Buildcon Ltd is Overvalued by 49.03% compared to the current share price 198.00

Last 5 Year EPS CAGR: 40.49%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.83%, which is a positive sign. The stock has a low average Working Capital Days of -25.33, which is a positive sign. The company has shown consistent growth in sales (4.31 cr) and profit (252.77 cr) over the years.	The stock has a high average Cash Conversion Cycle of 4.00, which may not be favorable. The company has higher borrowings (4,863.77) compared to reserves (1,086.23), 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: 5.5%
  - 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: 21.8% (Industry Average ROCE: 15.5%)
  - 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%: 22.65% (Industry Average ROE: 9.28%)
  - 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): 1.33
  - 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: 1.13
  - 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: 3.84 (Industry average Stock P/E: 26.44)
  - 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: 2.42
  - 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. 7726.66 Cr. and Equity Capital is Rs. 140.36 Cr. for the Year ended 31/03/2024.

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 25 April 2025) is ₹71.84 — 63.72% lower the current market price of 198.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,562 Cr. market cap, FY2025-2026 high/low of ₹319/158, reserves of 2,687 Cr, and liabilities of 19,239 Cr.

What is the Market Cap of Ashoka Buildcon Ltd?

The Market Cap of Ashoka Buildcon Ltd is 5,562 Cr..

What is the current Stock Price of Ashoka Buildcon Ltd as on 25 April 2025?

The current stock price of Ashoka Buildcon Ltd as on 25 April 2025 is 198.

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 3.84.

What is the Book Value of Ashoka Buildcon Ltd?

The Book Value of Ashoka Buildcon Ltd is 101.

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 27.1 %.

What is the ROE of Ashoka Buildcon Ltd?

The ROE of Ashoka Buildcon Ltd is 22.7 %.

What is the Face Value of Ashoka Buildcon Ltd?

The Face Value of Ashoka Buildcon Ltd is 5.00.