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Ashoka Buildcon Ltd Stock Analysis

Small Cap
Evaluated by 1800 users | BSE: 533271 | NSE: ASHOKA |
Engineering - Construction

Ashoka Buildcon Ltd. is engaged in Engineering, Procurement and Construction, Operations and Maintenance of Roads & Highways. The Company is the Flagship Company of the Group, which comprises the Subsidiaries, step down subsidiaries and intermediate...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ashoka Buildcon Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.84%7.76%5.67%4.74%5.37%7.89%6.48%10.67%11.93%13.37%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,2201,4211,7091,8482,2902,2242,9733,6014,9305,070
Y-o-Y Gr. Rt.-16.5%20.3%8.1%23.9%-2.9%33.7%21.1%36.9%2.9%
Adjusted EPS (Rs.) 5.264.963.764.774.23-1.82-8.43-4.16-0.055.53
Y-o-Y Gr. Rt.--5.7%-24.2%26.9%-11.3%-143%NANANANA
Book Value per Share (Rs.) 37.2642.9143.7252.6757.0361.0816.7211.2510.2214.76
Adjusted Net Profit 12511789.1113101-51.1-237-117-1.5155
Net Op. Cash Flow (Rs. Cr.) 1342,4726,500386390251827621-90.31,069
Debt to Cash Flow from Ops 9.570.690.388.2810.4118.715.758.21-66.965.85
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ashoka Buildcon Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.2%17.2%19.5%2.9%
Adjusted EPS 0.6%5.5%NANA
Book Value per Share -9.8-23.7-4.144.4
Share Price 7.1% -7.7% -19.4% -7.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 18.3812.198.559.767.69-3.33-21.68-29.73-0.5144.29
Operating Profit Margin (%) 20.7622.9121.7821.422.3241.331.9831.6428.2831.07
Net Profit Margin (%) 10.47.642.943.810.78-8.52-8.11-5.1-0.152.73
Debt to Equity 1.441.672.372.562.992.7410.1316.1521.0715.09
Working Capital Days 206210193211223301273280284340
Cash Conversion Cycle 64482429468752111718
Entity Percentage Holding
Promoters 54.48%
Institutions 30.55%
Non-Institutions 14.97%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Ashoka Buildcon Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Ashoka Buildcon Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Ashoka Buildcon Ltd's performance infers:

Ashoka Buildcon Ltd earnings have grown by 5.5%, whereas share price has depreciated -7.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ashoka Buildcon Ltd share prices over the last 10 years. Here is what we found out:

Ashoka Buildcon Ltd share price has depreciated 2.9% annually over the past ten years.

Ashoka Buildcon Ltd. is engaged in Engineering, Procurement and Construction, Operations and Maintenance of Roads & Highways. The Company is the Flagship Company of the Group, which comprises the Subsidiaries, step down subsidiaries and intermediate holding company. The Company has formed various Special Purpose Vehicle(s) for implementation of Projects awarded to it by various Government Agencies and National Highway Authority of India

Ashoka Buildcon Ltd. is engaged in Engineering, Procurement and Construction, Operations and Maintenance of Roads & Highways. The Company is the Flagship Company of the Group, which comprises the Subsidiaries, step down subsidiaries and intermediate holding company. The Company has formed various Special Purpose Vehicle(s) for implementation of Projects awarded to it by various Government Agencies and National Highway Authority of India (NHAI).

Ashoka has worked in many states across the country, and completed prestigious projects for Central as well as State Governments. Overseas it is constructing road network for Housing Development Corporation in the Republic of Maldives. The company is one of the first Indian infrastructure companies to be certified for Integrated Management Systems, which encompasses ISO certification for Quality, Occupational Health and Safety and Environment.

The company is strengthened with a strong talent pool of technical as well as support staff. It’s strong financials give it the ability to bid and execute large scale projects.

Business area of the company

The company is one of the leading highway developers in India. The Company is an integrated EPC and BOT player. It has a portfolio of various PPP projects, which is the largest in number by any private player in India. Besides construction of highways and bridges the company is also engaged in Power Transmission and Distribution on EPC basis.

Verticals

  • Highways
  • Bridges
  • Power (EPC)
  • Buildings
  • City Gas Distribution
  • Railways

Awards and recognitions

  • 2012: Ashoka Buildcon Limited, was honoured during the EPC World National Level Awards 2012 and has been awarded for Outstanding Contribution in Roads and Highways.
  • 2012: Ashoka Buildcon Limited, was honoured during the EPC World National Level Awards 2012 and has been awarded for Outstanding Contribution in Roads and Highways.
  • 2013: Ashoka Buildcon Limited, was honoured during the Construction Week Awards - 2013 and has been awarded for Infrastructure Company of The Year - 2013.
  • 2014: The Federation of Engineering Institutions of Asia and the Pacific (FEIAP) has awarded Mr Sanjay Londhe,Director & CEO Projects, Ashoka Buildcon Ltd as ‘Engineer of the Year 2014’ at an event in Beijing.
  • 2014: Ashoka Buildcon Limited, was honored during the Worldwide Achievers Awards - 2014 and has been awarded for Best Construction Company of The Year.
  • 2014: Ashoka Buildcon Ltd. Bags two awards at the Construction Week National Awards- 2014. Road Contractor of the Year & Roads and Highways Project of the Year (Runner up).
  • 2014: Ashoka Buildcon Limited, was honored during the Worldwide Achievers Awards - 2014 and has been awarded for Best Construction Company of The Year.
  • 2017: Ashoka Buildcon Limited, was honored during the ‘CIDC Vishwakarma Award -2017’ and has been awarded for ‘Best Professionally Managed Company.
  • 2017: Ashoka Buildcon Ltd’s Munger Power project has been Awarded as “Best Executed Power Project” by Construction Times Award 2017.
  • 2017: Mr. Sanjay Londhe, CEO & Director of Ashoka Buildcon Ltd has been Awarded as “CEO of The Year” by Construction Times Award 2017.
  • 2017: Ashoka Buildcon Ltd Awarded as “Infrastructure Company Of the Year” by D & B Awards - 2017.
  • 2018: Ashoka Buildcon Ltd Awarded for “Innovations in CSR Practices” by ET Now Presents CSR Leadership Awards -2018.
  • 2018: Ashoka Buildcon Ltd’s Roopnarayan Bridge project won the Silver Award in National Highways Awards for Excellence by Ministry of Road Transport & Highways.
  • 2018: Ashoka Buildcon Ltd. has been honored as Infra Company of The Year at the EPC World Awards
  • 2018: Ashoka Buildcon Ltd. honoured as Dream Company to Work For by ET Now presents Dream Companies to Work for
  • 2019: Ashoka Buildcon Limited, was honoured during the CIA World Infra Awards and has been awarded for Best Infrastructure Company of The Year - 2019.
  • 2020: Ashoka Buildcon Limited, was honoured during the CIA World Infra Awards and has been awarded for Best Roads & Highways Company of The Year - 2020.

Accreditations

  • Integrated Management System comprising of Certification of ISO 9001: 2008, ISO 14001: 2008 and OHSAS 18001: 2007.
  • Environmental Management System ISO 14001: 2004.
  • Occupational Health and Safety Management System 18001: 2007.
  • Quality Management System ISO 9001: 2008.
  • Green House Gases ISO 14064.1:2006 & ISO 14064.2:2006.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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