Ashoka Buildcon Limited has informed the Exchange about Transcript
ASHOKA · price
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Ashoka Buildcon reported Q4 FY26 standalone total income of INR1,819 crores (down 10% YoY) with EBITDA margins at 9.2%, improving 20 bps YoY. FY26 full-year standalone revenue was INR5,952 crores (down 17% YoY) with EBITDA margins at 10.7%, a 130 bps improvement year-on-year. The company secured several new projects including a INR900 crore Saudi Arabia hotel EPC order, INR242 crore Bihar bridge, INR690 crore Angola T&D project, and INR430 crore Liberia road project, taking the balance order book to INR15,312 crores. Management guided for 20% revenue growth and EBITDA margins of 9.5–10.5% in FY27, with order inflow targeted at INR8,000–10,000 crore. Asset monetization of 6 remaining HAM SPVs is in progress, with 4 expected to close by June 2026 (cash inflow ~INR750 crore) and 2 by December 2026 (~INR400 crore). Working capital days are elevated (~220 days) but expected to normalize to 110–120 days by September quarter. Consolidated debt stands at INR2,778 crore, with standalone debt at INR1,127 crore. Credit ratings were reaffirmed at AA stable/A1+.
The company is guiding for a meaningful margin recovery to double digits in FY27 on the back of improved execution pace (+20% revenue growth) and an expanded international order book. Continued asset monetization and working capital normalization should provide balance sheet relief for shareholders.