Athena Constructions Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Athena Constructions Ltd?

Athena Constructions Ltd is trading at 3.52 as of 09 April 2026, with a FY2026-2027 high of 9.83 and low of 3.50. The stock is currently near its 52-week low. Market cap stands at 2.64 Cr..

Q: Is Athena Constructions Ltd financially healthy?

Key indicators: ROCE of 3.60 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Athena Constructions Ltd profitable and how is the profit trend?

Athena Constructions Ltd reported a net profit of -1 Cr in Mar 2025. Compared to 1 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹10.75Undervalued by 205.40%vs CMP ₹3.52

P/E (15.0) × ROE (10.7%) × BV (₹8.21) × DY (2.00%)

Defaults: P/E=15

₹8.60Undervalued by 144.32%vs CMP ₹3.52

MoS: +59.1% (Strong)Confidence: 78/100 (High)Models: All 2: Undervalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹8.83	63%	Under (+150.9%)
Net Asset Value	Assets	₹8.21	38%	Under (+133.2%)
Consensus (2 models)		₹8.60	100%	Undervalued

Key Drivers: EPS CAGR -17.9% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -17.9% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

Athena Constructions Ltd scores 39/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health40/100 · Moderate

ROCE 3.6% WeakROE 10.7% AverageD/E 0.52 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent

Smart Money50/100 · Moderate

Promoter holding at 37.9% Stable

Earnings Quality50/100 · Moderate

OPM contracting (85% → 19%) DecliningWorking capital: 0 days (improving) Efficient

Quarterly Momentum25/100 · Weak

Revenue (4Q): -100% YoY DecliningOPM: 0.0% (down 62.7% YoY) Margin pressure

Industry Rank30/100 · Weak

ROCE 3.6% vs industry 16.4% Below peers3Y sales CAGR: -100% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 3:37 am

Market Cap	2.64 Cr.
Current Price	3.52
Intrinsic Value	₹8.60
High / Low	9.83/3.50
Stock P/E
Book Value	8.21
Dividend Yield	0.00 %
ROCE	3.60 %
ROE	10.7 %
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Athena Constructions Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Modern Engineering and Projects Ltd	53.3 Cr.	34.5	49.9/24.8	3.05	39.4	0.00 %	20.5 %	25.9 %	10.0
Modis Navnirman Ltd	588 Cr.	300	409/220	71.7	46.5	0.00 %	12.9 %	9.88 %	10.0
Modulex Construction Technologies Ltd	130 Cr.	18.3	30.4/17.0		44.7	0.00 %	2.51 %	1.54 %	10.0
MPDL Ltd	25.6 Cr.	34.6	60.6/29.4		127	0.00 %	2.87 %	4.16 %	10.0
IITL Projects Ltd	21.5 Cr.	43.0	73.9/36.0	15.6	2.12	0.00 %	16.6 %	%	10.0
Industry Average	3,374.20 Cr	159.12		36.56	125.44	0.20%	16.37%	21.40%	21.58

All Competitor Stocks of Athena Constructions Ltd

Quarterly Result

Metric	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.91	0.18	0.40	0.15	0.75	0.00	0.00	0.00	0.00
Expenses	0.02	0.05	0.01	0.04	0.06	0.05	0.03	0.05	0.28	0.19	0.16	0.21	0.20
Operating Profit	-0.02	-0.05	-0.01	-0.04	0.85	0.13	0.37	0.10	0.47	-0.19	-0.16	-0.21	-0.20
OPM %					93.41%	72.22%	92.50%	66.67%	62.67%
Other Income	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.16	0.13	0.15	0.14	0.14	0.34	0.21	0.28	0.29	0.16	0.18	0.19	0.16
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.18	-0.13	-0.16	-0.18	0.71	-0.21	0.16	-0.18	0.18	-0.35	-0.34	-0.40	-0.36
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-0.18	-0.13	-0.16	-0.18	0.71	-0.21	0.16	-0.18	0.18	-0.35	-0.34	-0.40	-0.36
EPS in Rs	-0.24	-0.17	-0.21	-0.24	0.95	-0.28	0.21	-0.24	0.24	-0.47	-0.45	-0.53	-0.48

Last Updated: December 27, 2025, 11:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:09 am

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	1.19	0.62	0.00	0.47	0.71	0.32	0.00	0.00	1.09	0.54	0.75	0.00	0.00
Expenses	1.73	0.44	0.25	0.28	0.33	0.15	0.07	0.04	0.11	0.11	0.47	0.37	0.41
Operating Profit	-0.54	0.18	-0.25	0.19	0.38	0.17	-0.07	-0.04	0.98	0.43	0.28	-0.37	-0.41
OPM %	-45.38%	29.03%		40.43%	53.52%	53.12%			89.91%	79.63%	37.33%
Other Income	0.86	0.10	0.53	0.10	0.00	0.02	0.05	0.00	0.00	0.01	0.00	0.00	0.00
Interest	0.00	0.25	0.24	0.24	0.32	0.32	0.28	0.29	0.48	0.42	0.45	0.37	0.35
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.32	0.03	0.04	0.05	0.06	-0.13	-0.30	-0.33	0.50	0.02	-0.17	-0.74	-0.76
Tax %	31.25%	33.33%	25.00%	80.00%	33.33%	0.00%	0.00%	0.00%	0.00%	0.00%	-5.88%	0.00%
Net Profit	0.22	0.02	0.02	0.02	0.05	-0.13	-0.30	-0.33	0.50	0.02	-0.15	-0.74	-0.76
EPS in Rs	220.00	0.04	0.03	0.03	0.07	-0.17	-0.40	-0.44	0.67	0.03	-0.20	-0.99	-1.01
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 (%)	-90.91%	0.00%	0.00%	150.00%	-360.00%	-130.77%	-10.00%	251.52%	-96.00%	-850.00%	-393.33%
Change in YoY Net Profit Growth (%)	0.00%	90.91%	0.00%	150.00%	-510.00%	229.23%	120.77%	261.52%	-347.52%	-754.00%	456.67%

Athena Constructions 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:	%
5 Years:	%
3 Years:	%
TTM:	-100%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-393%

Stock Price CAGR
10 Years:	-6%
5 Years:	%
3 Years:	-16%
1 Year:	-18%

Return on Equity
10 Years:	-2%
5 Years:	-2%
3 Years:	-4%
Last Year:	-11%

Last Updated: September 5, 2025, 2:31 pm

Balance Sheet

Last Updated: December 4, 2025, 2:26 am

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	Sep 2025
Equity Capital	0.01	5.00	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50
Reserves	4.18	2.41	0.10	0.12	0.16	0.03	-0.27	-0.60	-0.10	-0.08	-0.23	-0.97	-1.34
Borrowings	2.15	3.96	2.55	3.13	3.54	3.47	3.38	4.56	9.43	8.82	3.40	3.35	6.87
Other Liabilities	12.00	8.77	8.51	6.96	5.31	5.42	5.75	4.90	4.71	4.24	9.95	10.69	4.04
Total Liabilities	18.34	20.14	18.66	17.71	16.51	16.42	16.36	16.36	21.54	20.48	20.62	20.57	17.07
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.40	14.28	6.25	5.30	4.45	4.45	4.45	4.45	11.75	15.48	3.95	3.95	3.95
Other Assets	13.94	5.86	12.41	12.41	12.06	11.97	11.91	11.91	9.79	5.00	16.66	16.59	13.10
Total Assets	18.34	20.14	18.66	17.71	16.51	16.42	16.36	16.36	21.54	20.48	20.62	20.57	17.07

Reserves and Borrowings Chart

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
Cash from Operating Activity +	1.19	5.87	0.33	-1.43	-1.44	0.06	0.38	-1.36	2.60	4.31	-2.62	0.42
Cash from Investing Activity +	-0.31	-0.13	1.41	1.08	1.35	0.33	0.00	0.00	-6.96	-3.30	8.50	-0.03
Cash from Financing Activity +	-0.56	-3.80	-4.08	0.34	0.10	-0.38	-0.38	-0.03	4.39	-1.03	-5.87	-0.42
Net Cash Flow	0.32	1.95	-2.33	-0.01	0.01	0.00	0.00	-1.40	0.03	-0.02	0.02	-0.03
Free Cash Flow	1.19	5.87	0.33	-1.43	-1.44	0.06	0.38	-1.36	2.60	4.31	-2.62	0.42
CFO/OP	-237%	3,267%	-136%	-732%	-374%	35%	-543%	3,400%	265%	1,002%	-936%	-114%

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	-2.69	-3.78	-2.80	-2.94	-3.16	-3.30	-3.45	-4.60	-8.45	-8.39	-3.12	-3.72

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	0.00	270.81		349.47	231.34	787.03			110.50	0.00	0.00
Inventory Days	456.25
Days Payable	1,000.24
Cash Conversion Cycle	-543.99	270.81		349.47	231.34	787.03			110.50	0.00	0.00
Working Capital Days	-190.17	-3,867.82		1,599.79	1,989.51	4,562.50			951.01	-689.44	2,389.53
ROCE %	4.92%	3.16%	1.77%	2.78%	3.46%	1.71%	-0.19%	-0.36%	6.93%	2.66%	2.08%	-3.60%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025
Promoters	37.65%	37.65%	37.65%	37.65%	37.65%	37.65%	37.92%	37.92%	37.92%	37.92%	37.92%	37.92%
Public	62.35%	62.35%	62.35%	62.35%	62.34%	62.34%	62.08%	62.07%	62.08%	62.09%	62.08%	62.08%
No. of Shareholders	270	274	281	269	266	266	268	274	299	305	303	301

Shareholding Pattern Chart

No. of Shareholders

Athena Constructions Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-0.99	-0.20	0.03	0.67	-0.44
Diluted EPS (Rs.)	-0.99	-0.20	0.03	0.67	-0.44
Cash EPS (Rs.)	-0.98	-0.20	0.02	0.66	-0.44
Book Value[Excl.RevalReserv]/Share (Rs.)	8.70	9.69	9.89	9.87	9.20
Book Value[Incl.RevalReserv]/Share (Rs.)	8.70	9.69	9.89	9.87	9.20
Revenue From Operations / Share (Rs.)	0.00	1.00	0.72	1.45	0.00
PBDIT / Share (Rs.)	-0.49	0.38	0.59	1.31	-0.05
PBIT / Share (Rs.)	-0.50	0.38	0.59	1.31	-0.05
PBT / Share (Rs.)	-0.99	-0.22	0.02	0.66	-0.44
Net Profit / Share (Rs.)	-0.99	-0.20	0.02	0.66	-0.44
PBDIT Margin (%)	0.00	37.92	81.89	90.31	0.00
PBIT Margin (%)	0.00	37.84	81.82	90.31	0.00
PBT Margin (%)	0.00	-22.08	3.88	46.26	0.00
Net Profit Margin (%)	0.00	-20.20	3.88	46.26	0.00
Return on Networth / Equity (%)	-11.38	-2.09	0.28	6.79	-4.79
Return on Capital Employeed (%)	-3.82	2.67	2.73	5.82	-0.36
Return On Assets (%)	-3.61	-1.25	0.10	2.34	-2.02
Long Term Debt / Equity (X)	0.51	0.46	1.19	1.27	0.52
Total Debt / Equity (X)	0.51	0.46	1.19	1.27	0.52
Asset Turnover Ratio (%)	0.00	0.04	0.02	0.05	0.00
Current Ratio (X)	1.39	2.34	0.76	1.63	1.61
Quick Ratio (X)	1.10	0.21	0.04	0.08	0.39
Interest Coverage Ratio (X)	-1.02	0.63	1.05	2.05	-0.13
Interest Coverage Ratio (Post Tax) (X)	-1.03	0.66	1.05	2.05	-0.13
Enterprise Value (Cr.)	9.72	12.63	26.87	18.09	9.62
EV / Net Operating Revenue (X)	0.00	16.76	49.40	16.66	0.00
EV / EBITDA (X)	-26.02	44.20	60.33	18.44	-252.35
MarketCap / Net Operating Revenue (X)	0.00	12.29	33.21	8.01	0.00
Price / BV (X)	0.97	1.27	2.43	1.18	0.87
Price / Net Operating Revenue (X)	0.00	12.30	33.21	8.01	0.00
EarningsYield	-0.11	-0.01	0.00	0.05	-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Athena Constructions Ltd. is a Public Limited Listed company incorporated on 30/03/2011 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH2011PLC215562 and registration number is 215562. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 7.50 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	Office No. 203, A Wing , Shyam Kamal CHS, Mumbai Maharashtra 400059	Contact not found

Management
Name	Position Held
Mr. Brijkishore Kamalnayan	Director
Mr. Ravikant Rathi	Director
Mr. ShashiKant Rathi	Director
Mr. Santosh Nagar	Director
Mrs. Asha Maheshwari	Director

FAQ

What is the intrinsic value of Athena Constructions Ltd and is it undervalued?

As of 09 April 2026, Athena Constructions Ltd's intrinsic value is ₹8.60, which is 144.32% higher than the current market price of ₹3.52, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (10.7 %), book value (₹8.21), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Athena Constructions Ltd?

Athena Constructions Ltd is trading at ₹3.52 as of 09 April 2026, with a FY2026-2027 high of ₹9.83 and low of ₹3.50. The stock is currently near its 52-week low. Market cap stands at ₹2.64 Cr..

How does Athena Constructions Ltd's P/E ratio compare to its industry?

Athena Constructions Ltd has a P/E ratio of , which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Athena Constructions Ltd financially healthy?

Key indicators for Athena Constructions Ltd: ROCE of 3.60 % is on the lower side compared to the industry average of 16.37%. Dividend yield is 0.00 %.

Is Athena Constructions Ltd profitable and how is the profit trend?

Athena Constructions Ltd reported a net profit of ₹-1 Cr in Mar 2025. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does Athena Constructions Ltd pay dividends?

Athena Constructions Ltd has a dividend yield of 0.00 % at the current price of ₹3.52. The company is currently not paying meaningful dividends.