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NSE:ASHOKA

ASHOKA BUILDCON LTD

Construction › Construction·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹102.10
at close · 6 Nov 2026
▼ 5.10 (-4.76%)
ThemesRailways· growingSolar Energy· growing

Latest filings

  1. Q2 FY27: standalone revenue up, margins down; Rs 15,964 crore backlog · Investor Communications
  2. Q2 FY27 revenue rises, margins fall; order book reaches Rs 15,964 crore · Investor Communications
  3. Q2 FY27 income rises, EBITDA falls; order book reaches Rs 15,964 crore · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

EPC contractor for roads, railways, power transmission and distribution, buildings and bridges in India, with three reported segments for FY26. The Construction & Contract segment is the largest by revenue, executing infrastructure projects under contract for government agencies such as NHAI, MoRTH and state road authorities. The BOT/Annuity Projects segment builds toll road assets and earns from toll collections or annuity payments from NHAI over the concession period. The Sale of Goods segment sells construction-related materials. The order book stood at ₹15,312 crore as of March 31, 2026, split across roads and railways (66%), power T&D (30%) and buildings (3.7%). It is selling down its portfolio of hybrid annuity and BOT road SPVs — six remaining assets are targeted for ₹750+ crore by June 2026 and ₹400 crore by December 2026, to reduce consolidated debt. Materials at 24.9% of revenue are the largest physical input cost, while other opex at 44.5% is the biggest cost category overall.

Operating scale
Order book
₹15,312 cras of March 31, 2026
Order book mix
Roads & railways 66%, Power T&D 30%, Buildings 3.7%March 31, 2026
HAM/BOT SPVs monetised in FY26
10 projects
Remaining HAM/BOT SPVs for sale
6 (₹750+ cr by June 2026; ₹400 cr by December 2026)
International order wins
Saudi Arabia hotel ₹900 cr, Angola T&D ₹690 cr, Liberia road ₹430 cr, Guyana highway USD 35.42 mn
Bid pipeline
>₹1 lakh cr
Who pays it
Government infrastructure agencies — NHAI, MoRTH, state road and railway authorities, plus overseas clients
Biggest cost
Materials at 24.9% of revenue is the largest physical input cost; other opex at 44.5% is the biggest cost category
Kind of business
Asset-heavy EPC contractor with ownership of road BOT and HAM assets
Where it sits
Indian civil construction company with EPC capabilities across roads, railways, power T&D and buildings, expanding into international markets
Market Cap
₹2,861 Cr
P / E (TTM)
1.2×
EV / EBITDA
3.6×
Div Yield
—
Growth
8.5%▲
Revenue 5y CAGR
PAT +56.6% · EBITDA +4.2%
Quality
17.0%▲
ROCE (5y median)
ROE 39.2% (5y median) · margin 25.0%
Leverage
0.23·
Debt / Equity · low
Net debt ₹1,347 Cr
Revenue FY21→FY26
1.5×▲
Margin +28.8 pts
₹4,992 Cr → ₹7,520 Cr
Cash conversion
0.66×·
Operating cash ÷ profit · 5 yrs
₹3,958 Cr on ₹5,975 Cr
Moves on a normal day
1.34%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/102
P/B#8/85
ROCE#86/98
ROE#74/84
Debt / Equity#30/87
EBITDA margin#35/105
Revenue growth#74/86
Profit growth#81/83

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Profit compounding 57% a year over 5 years
Returns on capital 17.0% (5-year median)
#86 of 98 in Civil Construction on the latest reported figures · up from 14.1% in FY21
Debt at 0.23× equity
lower than 66% of its 87 Civil Construction peers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

ASHOKA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ASHOKA BUILDCON LTD's filed financials and exchange disclosures

What does ASHOKA BUILDCON LTD do?

ASHOKA BUILDCON LTD is a Construction company listed on NSE and BSE, trading under the symbol ASHOKA.

Is ASHOKA BUILDCON LTD profitable?

Yes. Over the trailing twelve months ASHOKA BUILDCON LTD reported a net profit of ₹2,266 Cr on revenue of ₹6,786 Cr.

Does ASHOKA BUILDCON LTD pay a dividend?

Not in the latest reported year — ASHOKA BUILDCON LTD's dividend payout for FY26 was nil.

Is ASHOKA BUILDCON LTD debt-free?

No. It reported borrowings of ₹1,552 Cr on its 30 Sept 2026 balance sheet, or net debt of ₹1,347 Cr after cash. Debt stands at 0.23× equity. That is lower than 66% of its 87 Civil Construction peers.

Is ASHOKA BUILDCON LTD expensive compared with its peers?

On trailing P/E, ASHOKA BUILDCON LTD ranks 3 of 102 in Civil Construction — cheaper than 98% of them, against an industry median of 13.4×. This is a position, not a valuation judgement.

How much does the ASHOKA BUILDCON LTD share price move in a day?

On a typical session ASHOKA BUILDCON LTD moves 1.34% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ASHOKA BUILDCON LTD's announcements?

Every NSE and BSE filing by ASHOKA BUILDCON LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.