Ashoka Buildcon Ltd Stock Analysis

BSE: 533271 | NSE: ASHOKA | Engineering - Construction | Small Cap

BSE Share Price 29-Nov-2022 18:01
76.80 -0.90 (-1.16%)

DeciZen - Make an Informed Decision on Ashoka Buildcon

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Ashoka Buildcon Price Chart

P/E Ratio (CD) :
2.68
Market Cap :
2,181.2 Cr.
52-wk low :
69
52-wk high :
108.5
Bole Toh?

1. Is Ashoka Buildcon Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashoka Buildcon Ltd is a below average quality company.

2. Is Ashoka Buildcon Ltd undervalued or overvalued?

The key valuation ratios of Ashoka Buildcon Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Ashoka Buildcon Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashoka Buildcon Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ashoka Buildcon:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.7%4.7%5.4%7.9%6.5%10.7%11.9%13.4%13.3%15.1%-
Value Creation Index -0.6-0.7-0.6-0.4-0.5-0.2-0.2-0.1-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7091,8482,2902,2242,9733,6014,9305,0704,9925,9467,084
YoY Gr. Rt. %-8.1%23.9%-2.9%33.7%21.1%36.9%2.9%-1.6%19.1%-
Adj EPS 3.84.84.2-1.8-8.4-4.2-0.15.59.819.529.1
YoY Gr. Rt. %-26.9%-11.3%-143%NANANANA77.6%98.6%-
BVPS (₹) 43.752.75761.116.711.310.214.822.149.256.3
Adj Net Profit 89.1113101-51.1-237-117-1.5155276548817
Cash Flow from Ops. 6,500386390251827621-90.31,070155353-
Debt/CF from Ops. 0.48.310.418.75.88.2-675.843.220.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.9%14.9%6.4%19.1%
Adj EPS 20.1%NANA98.6%
BVPS 1.324.168.8123
Share Price 5.4% -14.6% -7.3% -18.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 8.69.87.7-3.3-21.7-29.7-0.544.353.454.855.2
Op. Profit Mgn % 21.821.422.341.33231.628.331.130.829.226
Net Profit Mgn % 2.93.80.8-8.5-8.1-5.1-0.22.75.59.111.5
Debt to Equity 2.42.632.710.116.221.115.110.85.31.9
Working Cap Days 193211223301273280284340388392289
Cash Conv. Cycle 2429468752111719211691

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 55.20%

Debt to equity has declined versus last 3 years average to 5.34

Sales growth is good in last 4 quarters at 28.11%

Sales growth has been subdued in last 3 years 6.44%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Ashoka Buildcon Ltd.

Standalone Consolidated
TTM EPS (₹) -12 29.1
TTM Sales (₹ Cr.) 5,422 7,084
BVPS (₹.) 102.2 56.3
Reserves (₹ Cr.) 2,728 1,439
P/BV 0.76 1.38
PE 0.00 2.68
From the Market
52 Week Low / High (₹) 69.00 / 108.50
All Time Low / High (₹) 27.53 / 196.63
Market Cap (₹ Cr.) 2,181
Equity (₹ Cr.) 140.4
Face Value (₹) 5
Industry PE 27.2

Management X-Ray of Ashoka Buildcon :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ashoka Buildcon

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Ashoka Buildcon Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashoka Buildcon on 29-Nov-2022 18:01 is : 76.80.
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 29-Nov-2022 18:01 the market cap of Ashoka Buildcon stood at ₹ 2,181.2.
The latest PE ratio of Ashoka Buildcon as of 29-Nov-2022 18:01 is 0.00.
The latest PB ratio of Ashoka Buildcon as of 29-Nov-2022 18:01 is 0.76
The 52-week high of Ashoka Buildcon is ₹ 108.5 and the 52-week low is ₹ 69.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ashoka Buildcon is ₹ 5,422 ( Cr.) .

About Ashoka Buildcon Ltd

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.
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