āagman

Not investment advice. Data and computed figures, for information only.

Ashoka Buildcon Ltd

NSE: ASHOKA
₹105.02
−₹1.05 (−0.99%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,864 Cr
CMP
₹105.02
52-wk High / Low
₹215 / 100
P/E
4.2
P/B
0.4
Book Value
₹234.0
Div Yield
0.00%
ROCE
26.0%
ROE
0.7%
Face Value
₹5
D/E
0.24

Price−45.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹692
√(22.5 × EPS × book value per share)
ROIC
17.3%
vs 11.1% sector median
Cash flow to profit
0.25
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,454
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
0.7%
ROE × earnings retention ratio
ROE stability
13.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.51DII −0.37
Latest quarter vs the previous one
Cash-accrual divergence
11.5%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 27% vs the 2024 sector median of 21.5%)
+Borrowings are down 65.7% since FY2016 (4692 to 1608)
+FII holding rose by 2.5pp over the last year
+PE of 4.2x is below the sector median of 21x
Watch-outs
−Price trades below its 200-day moving average (0.8x)
−Price is 51.0% below its 52-week high
−Balance-sheet accruals of 11.5% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,9352,1542,6573,0522,4652,4892,3882,6941,8871,8511,8271,9541,500
Expenses1,4621,6082,0702,4261,8661,5841,7491,9171,2881,2661,3921,6961,242
Operating Profit473546587626599905639777599585435258258
OPM %24.4%25.3%22.1%20.5%24.3%36.4%26.8%28.8%31.7%31.6%23.8%13.2%17.2%
Other Income3841421932940396150−1632,4162534
Interest3193213373343083073133183113182008283
Depreciation969910368949858403840424136
Profit before tax97167189417227540307481300642,609160173
Net Profit7211999254158462662452227912,111147127
EPS (₹)2.414.003.438.895.3616.2823.3215.407.742.7875.215.104.55

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3202,8252,9733,6014,9305,0704,9925,9998,1009,79810,0377,5207,132
Expenses1,8471,9072,0372,4623,5373,4953,4554,2106,1327,5647,1175,6415,596
Operating Profit4739189351,1401,3931,5751,5361,7891,9692,2352,9201,8791,536
OPM %20.4%32.5%31.4%31.7%28.3%31.1%30.8%29.8%24.3%22.8%29.1%25.0%21.5%
Other Income2924821111793147485643121702,3262,312
Interest2728009089941,0211,0439701,0041,1041,3101,245912684
Depreciation152269264291258300276338341367290161158
Profit before tax78−126−155−351313264389325888701,5553,1323,006
Net Profit−1−224−225−119−401602737712945211,7342,5762,476
EPS (₹)3.42−3.04−7.31−3.96−1.195.899.8427.7310.4217.9260.3590.8487.64

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital79949494140140140140140140140140—
Reserves1,2781,6213762221472744791,2401,5352,0803,7756,439—
Borrowings3,8734,6924,7545,1026,0446,2626,7193,6355,5095,4501,9881,608—
Other Liabilities9,4374,5715,5806,1326,7706,9586,87910,3899,86011,33814,6704,696—
Total Liabilities14,66710,97710,80411,55013,10113,63414,21715,40517,04519,00920,57312,884—
Fixed Assets12,5718,5158,0167,8757,8747,6937,4881,3096,9276,6891,1241,162—
CWIP1512037465877627362395354—
Investments2402281862472841862146573112221440—
Other Assets1,7052,2152,5653,3814,8855,6786,45413,9599,98212,16919,17511,228—
Total Assets14,66710,97710,80411,55013,10113,63414,21715,40517,04519,00920,57312,884—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity390251827621−901,0701553534927491,673655
Cash from Investing Activity−812−104−63−315−244−117−176−233−311258−6261,276
Cash from Financing Activity36925−866−98311−571−221−35−311−407−1,052−1,590
Net Cash Flow−53172−101208−24381−24285−130600−4341

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.011.012.018.020.020.020.025.028.027.040.026.0
ROE %———————————0.7
EPS (₹)3.42−3.04−7.31−3.96−1.195.899.8427.7310.4217.9260.3590.84
Book Value (₹)———————————234.0
Face Value (₹)———————————5
P/E———————————4.2
Div Yield %———————————0.00
NPM %−0.0−7.9−7.4−3.2−0.83.15.311.93.65.217.026.2
OPM %20.033.031.032.028.031.031.030.024.023.029.025.0
D/E2.852.7410.1116.1521.0615.1310.852.633.292.450.510.24
P/B———————————0.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+9.0%
3 years−2.0%
TTM−25.0%
Compounded profit growth
10 years+9.0%
5 years−33.0%
3 years−51.0%
TTM−62.0%
Stock price CAGR
10 years−1.0%
5 years−3.0%
3 years−8.0%
Last year−47.0%
Return on equity
10 years19.0%
5 years23.0%
3 years21.0%
Last year1.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.66%56.66%53.99%54.26%54.33%54.48%54.48%54.48%54.47%54.47%54.47%54.47%
FIIs7.71%7.71%4.90%4.03%5.47%3.97%2.13%1.90%7.23%7.48%5.90%4.39%
DIIs24.53%24.53%30.95%31.64%31.62%27.43%21.47%19.67%17.63%14.93%14.39%14.02%
Government————————————
Public11.09%11.09%10.16%10.08%8.58%14.12%21.92%23.93%20.66%23.12%25.22%27.10%
No. of shareholders16,29616,29621,11124,60739,66771,1861,24,4821,39,8441,53,5881,91,0681,96,7092,01,522
Change since Jun 2023 (pp)
Promoters −2.19FIIs −3.32DIIs −10.51Public +16.01

Documents

As of 11 Oct 2026
Announcements
Receipt Of Provisional Certificate (COD) For NHAI ProjectAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Issue of SecuritiesIntimation of Repayment of Commercial Paper (CP)Extension Of Expected Date Of Completion Of Sale/Disposal Of Stake In Subsidiary Of The Company
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2026PPTAug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 12 Jul 2018
12 Jul 2018BONUS Bonus 1:2—
27 Mar 2018DIVIDEND Interim Dividend - Re 0.80 Per Share (Purpose Revised)—
21 Sep 2017DIVIDEND Annual General Meeting/Dividend-Re 0.80 Per Share—
2 Feb 2017DIVIDEND Interim Dividend Rs 0.80/- Per Share —
16 Mar 2016DIVIDEND Interim Dividend - Re 0.80/- Per Share—
3 Feb 2016DIVIDEND Interim Dividend - Re 0.70/- Per Share—
28 Aug 2015DIVIDEND Annual General Meeting/ Dividend - Re 0.70/- Per Share—
10 Feb 2015DIVIDENDInterim Dividend - Re 0.70/- Per Share—
12 Aug 2014DIVIDENDAnnual Geeneral Meeting / Final Dividend - Re 0.80/- Per Share—
18 Feb 2014DIVIDENDInterim Dividend Re 0.70/- Per Share—
3 Jul 2013SPLITBonus 1:2 And Face Value Split Rs.10/- To Rs.5/-—
23 May 2013DIVIDENDAnnual General Meeting/Dividend Rs 2 Per Share—
11 Feb 2013DIVIDENDInterim Dividend Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman