Ashoka Buildcon Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,709 Cr
- P/E
- 4.00
- ROE
- 0.73%
- PEG
- -0.09
- Price to sales
- 0.39
- Debt to equity
- 0.24
- 52W high / low
- ₹212 / ₹96.2
- Sales growth (5Y)
- 8.54%
- EBITDA margin
- 21.54%
- Net profit margin
- 0.51%
- Promoter holding
- 54.48%
- Sales (last year)
- ₹7,132 Cr
Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix and making switchgear concrete).[1]
Guidance scorecard · Q1 FY27 call
What Ashoka Buildcon Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ1 FY27 call
10–20%- FY27 revenue growth guidance lowered from 20% to 10%-15% due to supply chain and uncertainty factors.
- Q1 FY27 consolidated total income at INR1,534 crores, showing 21% YoY de-growth primarily due to asset monetization.
- Road EPC revenue contributes nearly 49.3% of standalone Q1 FY27 revenues; expansion includes international projects.
- Order book value as of June 30 stands at INR15,251 crores with diverse segments: road & railway (63.3%), power T&D (33.2%), building EPC (3.5%).
- Strong bid pipeline with NHAI and MoRTH alone offering ~INR1 lakh crores; state bids ~INR25,000 crores; railways ~INR50,000 crores.
- International revenues significant in Q1, with INR1,451 crores revenue from overseas, 80% from Guyana.
- Revenue for Gems and Jewellery Park project expected ~INR100 crores per annum over 5 years.
2 more points from Ashoka Buildcon Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Ashoka Buildcon Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Capex for Q1 FY27 was approximately INR 25 crores (INR 7 crores for international projects and the rest for domestic).
- Targeted capex for FY27 is approximately INR 125 crores.
- Gems and Jewellery Park project: Total investment expected around INR 1,000 crores over 5 years, with Ashoka Buildcon holding a 51% stake.
- HAM projects: Investment of INR 179 crores planned for FY26-27, including Bowaichandi project; INR 72 crores each for FY27-28 and FY28-29.
2 more points from Ashoka Buildcon Ltd's call on capex
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FundraisingQ1 FY27 call
See what Ashoka Buildcon Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- As of June 30, 2026, Ashoka Buildcon's order book stands at INR 15,251 crores (excluding ~INR 450 crores received after June 30).
- Order inflow guidance for FY27: INR 6,000 to INR 8,000 crores (already secured INR 800 crores in Q1 and L1 for INR 1,800 crores).
- International orders growing, present in 7 countries with plans to enter 2-3 more.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of Ashoka Buildcon Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ashoka Buildcon Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,448 | 1,935 | 2,154 | 2,657 | 3,052 | 2,465 | 2,489 | 2,388 | 2,694 | 1,887 | 1,851 | 1,827 | 1,954 |
| Expenses + | 1,893 | 1,462 | 1,608 | 2,070 | 2,426 | 1,866 | 1,584 | 1,749 | 1,917 | 1,288 | 1,266 | 1,392 | 1,696 |
| Operating Profit | 556 | 473 | 546 | 587 | 626 | 599 | 905 | 639 | 777 | 599 | 585 | 435 | 258 |
| OPM % | 23% | 24% | 25% | 22% | 21% | 24% | 36% | 27% | 29% | 32% | 32% | 24% | 13% |
| Other Income + | -42 | 38 | 41 | 42 | 193 | 29 | 40 | 39 | 61 | 50 | -163 | 2,416 | 25 |
| Interest | 288 | 319 | 321 | 337 | 334 | 308 | 307 | 313 | 318 | 311 | 318 | 200 | 82 |
| Depreciation | 87 | 96 | 99 | 103 | 68 | 94 | 98 | 58 | 40 | 38 | 40 | 42 | 41 |
| Profit before tax | 139 | 97 | 167 | 189 | 417 | 227 | 540 | 307 | 481 | 300 | 64 | 2,609 | 160 |
| Tax % | 132% | 26% | 29% | 48% | 39% | 30% | 14% | -116% | 6% | 24% | -41% | 19% | 8% |
| Net Profit + | -45 | 72 | 119 | 99 | 254 | 158 | 462 | 662 | 452 | 227 | 91 | 2,111 | 147 |
| EPS in Rs | -1.49 | 2.41 | 4.00 | 3.43 | 8.89 | 5.36 | 16.28 | 23.32 | 15.40 | 7.74 | 2.78 | 75.21 | 5.10 |
Financials of Ashoka Buildcon Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,320 | 2,825 | 2,973 | 3,601 | 4,930 | 5,070 | 4,992 | 5,999 | 8,100 | 9,798 | 10,037 | 7,520 |
| Expenses + | 1,847 | 1,907 | 2,037 | 2,462 | 3,537 | 3,495 | 3,455 | 4,210 | 6,132 | 7,564 | 7,117 | 5,642 |
| Operating Profit | 473 | 918 | 935 | 1,140 | 1,393 | 1,575 | 1,536 | 1,789 | 1,969 | 2,235 | 2,920 | 1,878 |
| OPM % | 20% | 33% | 31% | 32% | 28% | 31% | 31% | 30% | 24% | 23% | 29% | 25% |
| Other Income + | 29 | 24 | 82 | 111 | 17 | 93 | 147 | 485 | 64 | 312 | 170 | 2,327 |
| Interest | 272 | 800 | 908 | 994 | 1,021 | 1,043 | 970 | 1,004 | 1,104 | 1,310 | 1,245 | 912 |
| Depreciation | 152 | 269 | 264 | 291 | 258 | 300 | 276 | 338 | 341 | 367 | 290 | 161 |
| Profit before tax | 78 | -126 | -155 | -35 | 131 | 326 | 438 | 932 | 588 | 870 | 1,555 | 3,132 |
| Tax % | 102% | 77% | 45% | 239% | 131% | 51% | 38% | 17% | 50% | 40% | -12% | 18% |
| Net Profit + | -1 | -224 | -225 | -119 | -40 | 160 | 273 | 771 | 294 | 521 | 1,734 | 2,576 |
| EPS in Rs | 3.42 | -3.04 | -7.31 | -3.96 | -1.19 | 5.89 | 9.84 | 27.73 | 10.42 | 17.92 | 60.35 | 90.84 |
| Dividend Payout % | 27% | -33% | -15% | -13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Ashoka Buildcon Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 79 | 94 | 94 | 94 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 |
| Reserves | 1,278 | 1,621 | 376 | 222 | 147 | 274 | 479 | 1,240 | 1,535 | 2,080 | 3,775 | 6,439 |
| Borrowings + | 3,873 | 4,692 | 4,754 | 5,102 | 6,044 | 6,262 | 6,719 | 3,635 | 5,509 | 5,450 | 1,988 | 1,608 |
| Other Liabilities + | 9,437 | 4,571 | 5,580 | 6,132 | 6,770 | 6,958 | 6,879 | 10,389 | 9,860 | 11,338 | 14,670 | 4,862 |
| Total Liabilities | 14,667 | 10,977 | 10,804 | 11,550 | 13,101 | 13,634 | 14,217 | 15,405 | 17,045 | 19,009 | 20,573 | 13,050 |
| Fixed Assets + | 12,571 | 8,515 | 8,016 | 7,875 | 7,874 | 7,693 | 7,488 | 1,309 | 6,927 | 6,689 | 1,124 | 1,162 |
| CWIP | 151 | 20 | 37 | 46 | 58 | 77 | 62 | 73 | 62 | 39 | 53 | 54 |
| Investments | 240 | 228 | 186 | 247 | 284 | 186 | 214 | 65 | 73 | 112 | 221 | 440 |
| Other Assets + | 1,705 | 2,215 | 2,565 | 3,381 | 4,885 | 5,678 | 6,454 | 13,959 | 9,982 | 12,169 | 19,175 | 11,394 |
| Total Assets | 14,667 | 10,977 | 10,804 | 11,550 | 13,101 | 13,634 | 14,217 | 15,405 | 17,045 | 19,009 | 20,573 | 13,050 |
Financials of Ashoka Buildcon Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 390 | 251 | 827 | 621 | -90 | 1,070 | 155 | 353 | 492 | 749 | 1,673 | 655 |
| Cash from Investing Activity + | -812 | -104 | -63 | -315 | -244 | -117 | -176 | -233 | -311 | 258 | -626 | 1,276 |
| Cash from Financing Activity + | 369 | 25 | -866 | -98 | 311 | -571 | -221 | -35 | -311 | -407 | -1,052 | -1,590 |
| Net Cash Flow | -53 | 172 | -101 | 208 | -24 | 381 | -242 | 85 | -130 | 600 | -4 | 341 |
| Free Cash Flow | -497 | 142 | 696 | 462 | -300 | 966 | 73 | 216 | 317 | 606 | 1,573 | 547 |
| CFO/OP | 101% | 39% | 98% | 65% | 7% | 81% | 20% | 30% | 34% | 44% | 68% | 47% |
Financials of Ashoka Buildcon Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 67 | 44 | 70 | 78 | 67 | 66 | 46 | 41 | 39 | 44 | 78 |
| Inventory Days | 443 | 220 | 184 | 103 | 137 | 123 | 108 | 77 | 71 | 67 | 33 | |
| Days Payable | 223 | 351 | 285 | 229 | 232 | 206 | 206 | 146 | 160 | 157 | 69 | |
| Cash Conversion Cycle | 57 | 287 | -87 | -31 | -48 | -28 | -17 | -52 | -28 | -49 | -46 | 42 |
| Working Capital Days | -20 | -11 | -113 | -120 | -94 | -129 | -83 | 35 | -48 | -54 | 3 | 142 |
| ROCE % | 7% | 11% | 12% | 18% | 20% | 20% | 20% | 25% | 28% | 27% | 40% | 27% |
Guidance history
How Ashoka Buildcon Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | None planned | Flat |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | — | Flat |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
5 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −51.1% | 5% |
| Last 6 months | −28.2% | 10% |
| Last 3 months | −20.4% | 21% |
The price is 68.4% below its all-time high of ₹305.4 (3 Jan 2025). Stocks more than 20% below their peak have their score halved, so 10 became 5.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ashoka Buildcon Ltd: 0.4 × 5 + 0.4 × 10 + 0.2 × 21 = 10, halved to 5 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Ashoka Buildcon Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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