Akash Infraprojects Share Price & Earnings Call Analysis

Financials of Akash InfraProj.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Akash InfraProj.

Quarterly Results

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	14.88	13.29	24.31	14.71	5.28	15.23	14.69	9.20	13.87	20.23	21.21	12.06	10.88
Expenses +	13.23	11.40	24.51	13.79	6.51	11.49	13.22	10.08	12.72	15.81	19.89	11.79	9.10
Operating Profit	1.65	1.89	-0.20	0.92	-1.23	3.74	1.47	-0.88	1.15	4.42	1.32	0.27	1.78
OPM %	11.09%	14.22%	-0.82%	6.25%	-23.30%	24.56%	10.01%	-9.57%	8.29%	21.85%	6.22%	2.24%	16.36%
Other Income +	0.10	0.15	0.12	0.76	0.14	1.48	0.18	0.24	0.22	0.17	0.23	0.20	0.36
Interest	1.03	1.67	0.92	1.02	0.85	1.34	1.00	0.99	0.97	1.80	1.00	1.08	0.91
Depreciation	0.28	0.27	0.21	0.22	0.22	0.35	0.30	0.29	0.29	0.28	0.29	0.29	0.30
Profit before tax	0.44	0.10	-1.21	0.44	-2.16	3.53	0.35	-1.92	0.11	2.51	0.26	-0.90	0.93
Tax %	18.18%	100.00%	0.00%	2.27%	0.46%	10.76%	2.86%	-0.52%	45.45%	3.59%	26.92%	21.11%	1.08%
Net Profit +	0.35	0.01	-1.21	0.45	-2.14	3.14	0.35	-1.90	0.06	2.39	0.17	-1.09	0.91
EPS in Rs	0.15	0.01	-0.72	0.27	-1.27	1.86	0.21	-1.13	0.04	0.47	0.10	-0.65	0.54

Financials of Akash InfraProj.

Profit & Loss

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	152.25	102.30	87.55	112.11	159.83	92.31	72.60	67.15	78.83	61.72	59.39	57.47	64.38
Expenses +	136.36	91.57	82.07	103.39	155.83	88.58	67.28	62.54	88.69	55.53	56.14	51.26	56.59
Operating Profit	15.89	10.73	5.48	8.72	4.00	3.73	5.32	4.61	-9.86	6.19	3.25	6.21	7.79
OPM %	10.44%	10.49%	6.26%	7.78%	2.50%	4.04%	7.33%	6.87%	-12.51%	10.03%	5.47%	10.81%	12.10%
Other Income +	0.97	1.13	3.26	1.21	4.73	4.52	0.77	1.79	16.87	1.06	2.50	0.75	0.96
Interest	4.01	2.63	1.98	1.81	2.84	3.21	2.92	3.58	3.40	4.46	4.15	4.75	4.79
Depreciation	2.32	3.82	2.31	2.48	3.19	3.14	2.40	1.55	1.26	1.06	1.00	1.16	1.16
Profit before tax	10.53	5.41	4.45	5.64	2.70	1.90	0.77	1.27	2.35	1.73	0.60	1.05	2.80
Tax %	7.12%	-0.37%	17.30%	20.04%	24.44%	10.00%	18.18%	12.60%	-0.85%	19.65%	68.33%	13.33%
Net Profit +	9.77	5.43	3.68	4.51	2.03	1.72	0.62	1.15	2.32	1.38	0.23	0.89	2.38
EPS in Rs	10.28	5.72	3.87	2.97	1.34	1.02	0.37	0.68	1.38	0.82	0.14	0.53	0.46
Dividend Payout %	4.75%	8.55%	12.88%	16.83%	18.69%	0.00%	0.00%	14.66%	7.27%	0.00%	0.00%	0.00%

Financials of Akash InfraProj.

Balance Sheet

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	4.64	4.64	4.74	7.59	7.59	16.86	16.86	16.86	16.86	16.86	16.86	16.86	16.86
Reserves	38.41	42.96	42.86	60.35	61.39	62.26	61.92	63.06	65.39	66.66	66.93	67.80	66.86
Borrowings +	24.34	26.59	10.66	5.87	26.15	24.28	20.26	23.91	22.71	60.56	90.79	86.23	86.22
Other Liabilities +	21.79	13.97	11.86	22.28	37.94	45.11	27.48	33.70	44.89	48.06	35.11	37.40	36.68
Total Liabilities	89.18	88.16	70.12	96.09	133.07	148.51	126.52	137.53	149.85	192.14	209.69	208.29	206.62
Fixed Assets +	16.09	12.21	10.44	12.04	13.56	11.21	8.97	6.12	5.74	5.15	8.93	7.99	7.69
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.23	0.00	0.00	0.00	0.00	0.00
Investments	0.25	0.25	0.40	5.40	0.40	3.33	3.32	3.36	3.29	3.28	3.33	3.30	3.29
Other Assets +	72.84	75.70	59.28	78.65	119.11	133.97	114.23	127.82	140.82	183.71	197.43	197.00	195.64
Total Assets	89.18	88.16	70.12	96.09	133.07	148.51	126.52	137.53	149.85	192.14	209.69	208.29	206.62

Financials of Akash InfraProj.

Cash Flows

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	13.45	-5.81	14.09	10.49	-25.20	-1.24	2.02	-2.37	-1.26	-33.48	-22.68	9.55
Cash from Investing Activity +	-6.36	2.12	2.91	-13.71	5.75	2.96	1.69	0.14	5.18	0.51	-0.91	0.40
Cash from Financing Activity +	-5.24	-0.90	-16.28	10.47	18.63	1.44	-6.85	2.03	-3.89	33.37	23.39	-9.33
Net Cash Flow	1.85	-4.58	0.72	7.26	-0.83	3.17	-3.14	-0.21	0.03	0.40	-0.20	0.62
Free Cash Flow	8.92	-6.03	13.53	6.46	-29.44	-1.26	1.88	-1.89	-1.79	-33.87	-24.80	9.50
CFO/OP	89%	-49%	274%	133%	-606%	-33%	38%	-49%	13%	-534%	-689%	156%

Financials of Akash InfraProj.

Ratios

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	91.24	149.57	136.87	101.06	161.55	316.25	265.86	356.14	495.90	729.17	938.47	948.67
Inventory Days	18.62	48.50	50.87	87.69	61.43	168.67	323.61	302.96	147.08	535.23	282.91	352.50
Days Payable	55.11	27.82	11.96	84.48	104.37	311.98	198.53	211.41	396.62	483.92	200.10	235.49
Cash Conversion Cycle	54.75	170.24	175.78	104.27	118.61	172.94	390.93	447.69	246.35	780.48	1,021.28	1,065.67
Working Capital Days	71.06	163.05	112.02	98.84	99.41	205.33	321.26	378.92	374.03	476.83	478.70	495.90
ROCE %	22.05%	11.12%	6.49%	11.09%	6.44%	5.10%	3.65%	4.74%	5.49%	4.97%	2.98%	3.32%

Others in Construction this season

Central Mine Pla (Q2 FY27)
Revenue from Operations (Net Sales) for Q2 FY 2026-27: ₹593.31 crore, up ₹41.44 crore or 8% vs Q2 FY 2025-26 (₹551.87 crore). Key investor presentation takeaway
Swastika Infra Ltd (Q2 FY27)
FY 2024 Revenue: ₹210 Crore . Key investor presentation takeaways from Swastika Infra Ltd's Q2 FY27 investor presentation — and how it ranks against sector peer
Brahmaputra Infrastructure Ltd (Q4 FY26)
Current order book as of March 2026: INR 1,600 crores, equivalent to 4.46x FY26 revenue. Key concall takeaways from Brahmaputra Infrastructure Ltd's Q4 FY26…
Brahmaputra Infrastructure Ltd (Q1 FY27)
Strong revenue growth:** Consolidated top line grew 20% YoY to ₹110.79 crore in Q1 FY27, marking the first ₹100+ crore quarter in 10 years. Key concall…

Compare:vs Larsen & Toubro vs Rail Vikas Nigam Ltd vs Kalpataru Projects International Ltd