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.
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