ASHOKA · Ashoka Buildcon Ltd · Construction Services
ASHOKA · Ashoka Buildcon Ltd · Construction Services
As of 06 Nov close
52-week range
52.4% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹1,500 Cr
Revenue YoY
PAT YoY
-41.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.5
P/S (TTM)
0.5
Sector P/E
10.8
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ASHOKA (this stock) | 1.4 | 0.5 | +34.5% | +37.4% | 0.24 | 0.0% |
| DLF | 34.5 | 3.5 | +65.8% | +9.8% | 0.01 | +1.2% |
| Lodha Developers | 23.1 | 4.6 | +22.7% | +17.7% | 0.42 | +0.4% |
| Indus Towers | 14.4 | 2.4 | +21.8% | +17.3% | 0.52 | +3.6% |
Promoter
stable
FII
falling 2q
MF
14.02% (-0.35pp)
falling 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| ASHOKA | 2026-08-31 | 18750075 | 5 | WEAK | BULK |
| ASHOKA | 2026-06-15 | 1585228 | 1 | WEAK | BULK |
News timeline
- lowthehindubusinessline.com· 06 Nov 2026, 07:03 amStocks to watch, Nov 6: Adani Ports, Rajesh Power, Hexaware Tech, Blue Cloud, HCC, STL Networks, Knowledge Marine, Ashoka Buildcon, Lokesh Machines, Anondita
- unknownbusiness-standard.com· 31 Aug 2026, 10:18 amAshoka Buildcon shares rally 13% on bagging ₹602-crore order from RVNL
- lowbusiness-standard.com· 11 Aug 2026, 08:43 amQ1 results: Siemens, MRF, Zydus Lifesciences, RVNL, and 344 more on Aug 11
Concalls & investor presentations
AI-generatedKey takeaway: Ashoka Buildcon Limited held its Q1 FY27 earnings conference call on August 12, 2026, where management discussed the mixed performance of the infrastructure sector. They noted a subdued domestic highway awarding environment, with only 5 kilometers awarded in June compared to 102 kilometers in May. However, opportunities in railways and power transmission were highlighted, with significant government investment in these areas. The company reported a flat total income of INR1,320 crores for Q1 FY27, with a slight increase in profit after tax to INR31.5 crores. Management emphasized diversification into international projects, including a USD 35.42 million highway project in Guyana and a Gems and Jewellery Park in Chhattisgarh. The order book stood at INR15,251 crores, with a focus on expanding into non-road sectors. Management guided for a lower revenue growth of 10% to 15% for the year, citing supply chain uncertainties.
The document presented both challenges in the domestic market and opportunities in diversification.
Sourced from an exchange-filed transcript, dated 18 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 22, 2026, management discussed the financial results for the quarter and year ended March 31, 2026. Management noted that FY26 was a transition year for the infrastructure sector, with a shift towards execution quality and financial discipline. They reported a decline in total income for Q4 FY26 to INR1,819 crores, down 10% year-on-year, and a full-year income of INR5,952 crores, a 17% decrease. EBITDA margins improved slightly to 9.2% for Q4 and 10.7% for the year. Management highlighted several project wins, including significant contracts in Saudi Arabia and Angola, and reported a balance order book of INR15,312 crores. They set a goal of 20% revenue growth for FY27 and guided toward an order inflow of INR8,000 to INR10,000 crores. The company also reaffirmed its credit ratings and discussed ongoing asset monetization efforts.
Management highlighted both challenges and opportunities in the infrastructure sector.
Sourced from an exchange-filed transcript, dated 27 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Ashoka Buildcon Limited's investor presentation for the quarter and year ended March 31, 2026, highlighted several key updates, including the receipt of multiple Letters of Award (LOA) for projects in Saudi Arabia, Bihar, Liberia, and Angola, with total project values amounting to significant sums. The company reported a decrease in total revenue for Q4 FY26 and FY26, with standalone revenue from operations at Rs. 1,771.9 crore for Q4 FY26, down 10% year-over-year. EBITDA also declined by 7% to Rs. 168.2 crore in Q4 FY26. The company’s consolidated debt was reported at Rs. 6,826 crore, with a reaffirmed credit rating of ACUITE AA (Stable) for long-term debt. The presentation emphasized the company's ongoing projects and its commitment to infrastructure development, showcasing a diverse order book valued at Rs. 15,312 crore as of March 31, 2026.
The presentation included both positive project updates and negative financial performance indicators.
Sourced from an exchange-filed presentation, dated 22 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Ashoka Buildcon Limited held its Q3 FY26 earnings conference call on February 2, 2026, where management provided updates on operational and financial performance. The Indian highway sector is experiencing a transition towards quality and sustainability, with a projected drop in highway construction activity. Despite this, the government aims to develop approximately 11,000 kilometers of highways by FY27. Management reported a significant reduction in consolidated debt from INR4,910 crores to INR2,722 crores following the sale of BOT assets for INR1,814 crores. The company secured new project orders totaling INR16,235 crores, with a focus on roads and railways. Financially, Q3 FY26 total income decreased to INR1,866 crores, while PAT increased to INR2,111 crores. Management discussed challenges in project execution due to land acquisition issues but expressed optimism for future growth and order inflow.
The document presented both challenges in the current market and positive developments in financial performance and project acquisitions.
Sourced from an exchange-filed transcript, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedAshoka Buildcon Limited's FY2025-26 annual report highlights strategic achievements in capital recycling, debt reduction, and acquisition of Ashoka Concessions Limited. The company emphasizes its strong execution capabilities, diversified project portfolio, and long-term value creation. Despite global economic challenges, India's infrastructure growth remains a key focus, supported by government initiatives and sustained public capital expenditure.
- Capital recycling strategy focused on debt reduction and optimizing asset ownership.
- Acquisition of Ashoka Concessions Limited to enhance capital allocation efficiency.
- India's infrastructure sector growth driven by government initiatives and public capital expenditure.
- Strong execution capabilities and diversified project portfolio positioning the company competitively.
Key takeaway: Ashoka Buildcon's strategic focus on capital recycling, asset optimization, and India's infrastructure growth positions it for long-term value creation despite sectoral challenges.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (6 items); Default / Covenant Breach (1 item); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
6 occurrencesRecent (last 12 months)
BSE Limited imposed a fine of Rs. 29,000/- plus GST for delay in submission of the statement and quarterly results in FY 2024-25. The company applied for a waiver, but approval is pending.
Earlier (1-3 years ago)
The company delayed submission of the Statement of utilization of proceeds from Non-Convertible Debentures issued in December 2024, leading to a fine of Rs.29,000 imposed by BSE.
The company faced a regulatory action under Regulation 23(9) of SEBI LODR 2015 for a delay in submitting the consolidated statement of Related Party Transactions for the half-year ended March 31, 2021. Both BSE and NSE imposed a fine of Rs.35,000, which was later waived upon representation.
Older (3+ years ago)
The company faced regulatory actions under sections 129, 134, 188, 196, and 187 of the Companies Act, 2013, leading to compounding applications and fees. Some matters are pending due to lack of title deeds and other issues.
The company faced regulatory action from BSE and NSE for non-compliance with SEBI LODR Regulation 23(9), resulting in a fine of Rs.35,000 for delayed submission of related party transactions. The fine was waived after representation.
The company faced a regulatory action for non-compliance with SEBI LODR 2015 Regulation 23(9), resulting in a fine of Rs.35000/- from BSE and NSE for delayed submission of the consolidated statement of Related Party Transactions for the half-year ended March 31, 2021. However, the fine was waived after representation.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company has experienced slight delays in depositing provident fund and profession tax dues, though no amounts were outstanding for more than six months as of the year-end.
Investigation or enforcement mention
1 occurrenceEarlier (1-3 years ago)
The company is conducting an independent investigation into matters pending the outcome of the CBI investigation, following a 45-day debarment by MoRTH and the release of employees on bail.
Routine disclosures
Contingent Liability
6 occurrencesRecent (last 12 months)
The company has contingent liabilities in the form of bank guarantee liabilities amounting to $217.55 million, €132.60 million, and Rwandan Franc 3500 million as of March 31, 2026.
Earlier (1-3 years ago)
The company has contingent liabilities including bank guarantee liabilities of $186.67 million as of 31-Mar-25 and €35.15 million, as well as Rwandan Franc 3500 equivalent to 515.38 million Indian Rupees.
The company has contingent liabilities in the form of bank guarantees in USD, CFA Francs, and Rwandan Francs, with amounts of $155.47 million, CFA Francs 2.36 million, and Rwandan Francs 15,000,000 as of March 31, 2024.
Older (3+ years ago)
The company has contingent liabilities related to bank guarantees and financial guarantee contracts, as disclosed in Note 51.
The company has contingent liabilities related to bank guarantees and financial guarantee contracts, as disclosed in Note 51 of the financial statements as of March 31, 2022.
The company has disclosed contingent liabilities related to bank guarantees and financial guarantee contracts, as noted in Note 51 of the annual report.
Related-Party Transaction
6 occurrencesRecent (last 12 months)
The company has loans receivable from related parties, as disclosed in notes 42 and 51 of the annual report.
Earlier (1-3 years ago)
Ashoka Buildcon Limited has loans to related parties, including subsidiaries, with amounts of 2,535.92 lakh as of 31-Mar-25 and 1,635.92 lakh as of 31-Mar-24, as disclosed in Notes 42 & 52.
The company has loans to related parties, with secured loans considered good, and subsidiaries involved, as detailed in Notes 42, 51, and 64(b). The amounts are (1,635.92) lakh as of 31-Mar-24.
Older (3+ years ago)
The company has loans to related parties, including subsidiaries, with a total amount of 1,00,054.06 lakh as of 31-Mar-23, after accounting for an impairment allowance of 1,635.92 lakh.
Ashoka Buildcon Limited has entered into a loan settlement agreement with Ashoka Concessions Limited, a related party, with an outstanding loan amount (after interest waiver) payable on or before 31st December 2022.
The company provided advances of 1,433 Lakhs to Kalyan Dombivali Municipal Corporation (KDMC) under a PPP contract, including upfront fees, and has written off the entire amount in the year ended March 31, 2021.
Statutory dues in dispute
4 occurrencesEarlier (1-3 years ago)
The company has outstanding statutory dues related to income tax, sales tax, and other taxes, with disputes pending in various forums, including the Bombay High Court and others, amounting to Rs. in lakhs.
Older (3+ years ago)
The company has outstanding statutory dues under various tax acts, including Income Tax, Sales Tax, and Goods and Service Tax, with disputes pending in multiple forums such as High Courts, Tribunals, and Commissioner of Income Tax (Appeals) for periods ranging from 2003-04 to 2017-18.
The company has outstanding tax dues under dispute, including income tax, service tax, and sales tax, with amounts ranging from Rs. 0.32 lakhs to Rs. 5,924.01 lakhs, pending in various forums such as the Bombay High Court, Supreme Court of India, and various tax tribunals.
Ashoka Buildcon Limited has outstanding statutory dues for income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax, goods and service tax, and cess for periods up to 2017-18, with disputes pending in various forums including the Supreme Court of India and multiple tribunals.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
6.52% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).