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Ashoka Buildcon Ltd share Price Today

Company details

176.00
176.00
74.65
195.50
6M Return 34.97%
1Y Return 103.59%
Mkt Cap.(Cr) 4,940.72
Volume 4,130
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 4,130

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About The Stock

    Ashoka Buildcon Ltd (ABL) is primarily engaged in the construction of roads and bridges having an integrated portfolio of EPC, BOT and HAM projects. Besides roads construction, ABL also has established presence across varied infra verticals such as Power Transmission, Railways, City Gas Distribution

Q2FY23 Results

    ABL reported a weak operational performance during Q2FY23

    • Standalone revenue improved 46.2% YoY to ₹ 1,479 crore aided by decent order book position, pick-up in execution and receipt of appointed date in most of its older projects.
    • EBITDA margin moderated to 9.8% (down 208 bps YoY) impacted by change in project mix and rise in commodity prices. Effectively, operating profit at ₹ 144.6 crore, was up 20.6% YoY.
    • PAT growth was modest at 3% YoY (to ₹ 104.3 crore) impacted by lower other income and higher finance cost.

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Roads & Highways company Ashoka Buildcon announced Q2FY24 & H1FY24 results:

  • Standalone Q2FY24:
    • Total Income: Rs 1,589.7 crore, a strong 21% YoY growth.
    • EBITDA: Rs 172.3 crore, up 22% YoY.
    • EBITDA Margin: 10.8%.
    • Profit Before Tax: Rs 94.9 crore, a 9% YoY increase.
    • Profit After Tax: Rs 71.2 crore, with a 9% YoY growth.
  • Standalone H1FY24:
    • Total Income: Rs 3,147.0 crore, a solid 12% YoY growth.
    • EBITDA: Rs 267.8 crore, down by 16% YoY.
    • EBITDA Margin: 8.5%.
    • Profit Before Tax: Rs 116.9 crore, a significant 48% YoY decrease.
    • Profit After Tax: Rs 87.6 crore, with a notable 48% YoY decrease.
  • Consolidated Debt is Rs 7,200 crore. The Debt on a Standalone basis is Rs 1,118 crore; which comprises of Rs 220 crore of Equipment Loans & Rs 898 crore of Working Capital loans.
  • BOT Division recorded a Toll Collection of Rs 307 crore in Q2FY24 which grew by 12% YoY

 

 

 

Result PDF

View Other Company Results

Ashoka Buildcon Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company reducing Debt

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Major fall in TTM Net Profit

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 179.1
R2 183.1
R3 185.4
Pivot

176.80

S1 172.8
S2 170.5
S3 166.5
EMA SMA
170.3
167.9
159.8
142.4
168.6
170.5
161.7
137.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-09 156.77 2899236 NSE
CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED Bulk Purchase 2024-01-09 154.9 1598733 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-09 157.07 2899236 NSE
Name Category Shares
Shobha Parakh PROMOTER 13.55%
Asha Ashok Katariya PROMOTER 7.11%
Ashok Motilal Katariya PROMOTER 5.43%
Ashok Motilal Katariya -HUF PROMOTER 5.18%
Ashish Ashok Kataria . PROMOTER 4.88%
Ashish Ashok Katariya-HUF PROMOTER 4.55%
Astha Ashish Katariya PROMOTER 4%
Satish Parakh PROMOTER 2.1%
Shweta Keyur Modi . PROMOTER 2.06%
Satish Dhondulal Parakh HUF PROMOTER 1.92%
Ayush Ashish Kataria PROMOTER 1.02%
Aditya Satish Parakh . PROMOTER 0.92%
Ashoka Premises Pvt Ltd PROMOTER 1.17%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ashoka Buildcon Ltd Stocks COMPARISON

Financials( in Cr) Ashoka Buildcon Ltd Larsen & Toubro Ltd Rail Vikas Nigam Ltd GMR Airports Infrastructure Ltd IRB Infrastructure Developers Ltd
Price 176.00 3,616.55 281.00 82.75 68.90
% Change 0.51 0.18 1.32 0.49 0.80
Mcap Cr 4,940.72 497,155.92 58,589.06 49,947.44 41,608.71
Revenue TTM Cr 8,100.48 183,340.70 20,281.57 6,693.40 6,401.64
Net Profit TTM Cr 372.91 12,624.87 1,420.55 -839.93 720.01
PE TTM 14.36 39.23 39.73 0.00 75.12
1 Year Return 103.59 62.26 220.23 85.54 163.98
ROCE 13.51 12.64 17.22 0.00 6.36
ROE 26.57 14.70 20.81 0.00 5.55
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,754.57 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84

Ashoka Buildcon Ltd Information

Stock PE (TTM)
14.36
Promoter Holding
54.48%
Book Value
68.9084
ROCE
13.51%
ROE
26.57%
Description
  • Ashoka Buildcon Ltd. is one of the leading developers in India. It is a Fortune 500 company with a portfolio of 41 PPP projects, the largest in number for any private player in the country. The company was incorporated in 1993, with its headquarters in Nasik, Maharashtra. For FY 2021-2022, Ashoka Buildcon Ltd.’s total revenue was Rs 6,147.22 crore, up 20.02% from the previous financial year, 2020-2021. On 14 October 2022, the company’s market capitalisation stood at Rs 2,130 crore.

    Ashoka Buildcon Ltd.’s share is listed on the Bombay Stock Exchange with the code 533271 and National Stock Exchange with the code ASHOKA.

    The company is primarily engaged in the construction of highways and bridges as well as the construction of buildings (EPC), power, railways, and city gas distribution. It has completed prestigious projects for the state and central governments and undertaken ventures in more than 22 states across India. Internationally, it has accomplished projects in the Republic of Maldives. Ashoka Buildcon Ltd. was bestowed with the Infrastructure Company of the Year 2021 award by Construction Week at the Equipment and Infra Awards.

    On 30 June 2022, Ashoka Buildcon Ltd.’s shareholding pattern showed a 54.48% promoter stake, 2.43% FII stake, 19.82% DII stake, and 23.26% public stake. In the June quarter, mutual fund holdings decreased from 20.98% to 19.70%, while FII holdings increased from 2.13% to 2.43%. The number of mutual fund schemes also decreased from 41 to 36.

    Mr Ashok Katariya is the company’s chairman. Mr Satish Parikh is the managing director. The other board of directors comprise Mr Milap Raj Bhansali, Mr Sanjay Lodhe, Mr Ashish Kataria, Mr Sharad Abhyankar, Mr Albert Tauro, Mr Mahendra Mehta, Mr Gyan Chand Daga, and Ms Shilpa Hiran. The auditors include SRBC & Co LLP. As on 30 June 2022, the company reported a total of 28.07 crore shares outstanding.

    On 14 October 2022, the company’s share closed at Rs 76.05 on BSE and at Rs 75.90 on NSE. Ashoka Buildcon Ltd.’s 52-week high share price was Rs 124.05, and its 52-week low share price was Rs 69.

    As of September 2022, HDFC Housing Opportunities Fund, L&T Flexi Cap Fund, and Nippon India Multi Cap Fund had 3.48%, 1.55%, and 0.30% stakes in the company.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Survey No 861 Ashoka House, Ashok Marg Vadala, Nashik, Maharashtra, 422011

Tel : 91-253-3011705
Email : investors:ashokabuildcon.com
Website : http://www.ashokabuildcon.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 533271
NSE Code : ASHOKA
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE442H01029

FAQ’s on Ashoka Buildcon Ltd Shares

You can buy Ashoka Buildcon Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ashoka Buildcon Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 24, 2024 09:07 AM the closing price of Ashoka Buildcon Ltd was ₹ 176.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 24, 2024 09:07 AM, the market cap of Ashoka Buildcon Ltd stood at ₹ 4,940.72.

The latest PE ratio of Ashoka Buildcon Ltd as of Apr 24, 2024 09:07 AM is 14.36

The latest PB ratio of Ashoka Buildcon Ltd as of Apr 24, 2024 09:07 AM is 0.39

The 52-week high of Ashoka Buildcon Ltd share price is ₹ 195.50 while the 52-week low is ₹ 74.65

According to analyst recommendations, Ashoka Buildcon Ltd Share has a “Buy” rating for the long term.

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