Ashoka Buildcon

NSE: ASHOKABSE: 533271
Compare with peers
₹ 96.07▼ 1.33 (−1.37%)28 Oct, 03:29 pm IST
Market cap
₹ 2,754 Cr.
P/E
4x
P/B
0.43x
52-week range
96 – 214.5
ROE
15%
ROCE
27%
Dividend yield
0%
Debt / equity
0.24
Sector
Construction
Industry
Civil Construction
Listed on
NSE, BSE

About

Ashoka Buildcon Limited is an India-based highway developer. The Company is engaged in the engineering, procurement and construction (EPC), build-operate-transfer (BOT), and hybrid annuity mode (HAM) businesses. Its segments include Construction & Contract, BOT/Annuity Projects and Sale of Goods. The Construction & Contract segment includes engineering, procurement and construction activity for road, rail and power projects. The BOT/Annuity Projects segment includes toll collection and hybrid annuity road projects. The Sale of Goods segment includes the sale of ready-mix concrete, real estate, and city gas distribution. Its verticals include highways and bridges, power, railways, buildings, city gas distribution, and water. Its water vertical includes the designing and construction of modular Sewage Treatment Plants. Its projects include the 8 Lane Extra Dosed Cable Stayed Bridge, Eastern Peripheral Expressway, Mopa Airport Link Project, Goa, and Railway Over Bridge.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Civil Construction: 182 companies →

Ashoka Buildcon against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)4 against a typical 14.4: cheaper than most peers (1st = cheapest).11th of 181
  • Sales growth−20.5% against a typical +8.6% from a year earlier.121st of 147
  • Profit growth−44.1% against a typical 0% from a year earlier.90th of 130
  • Share price, 3 months−22.3% against a typical −13.1%.122nd of 164
  • Size₹ 2,753.9 Cr. market value against a typical ₹ 148 Cr. (1st = largest).24th of 156

Latest announcements

Exchange filings and their impact on the company.

  • 24 Oct 2026General UpdatesLow impactPositivePrice +0.1% on 26 Oct
    NHAI project reached provisional COD, starting annuity and O&M cash flows.

    Ashoka Buildcon received the provisional completion certificate for its NHAI Banwara project, declaring commercial operation. This allows the project to start receiving annuity and operation and maintenance payments from NHAI. It is a single-project commissioning milestone that modestly improves cash flow visibility.

    Filing
  • 21 Oct 2026General UpdatesLow impactPositivePrice −1.1% on 22 Oct
    Ashoka Buildcon received an A+ Leader ESG rating with score 79.44, with no direct financial impact.

    Ashoka Buildcon said Resurgent ESG Services assigned it an ESG score of 79.44, corresponding to an A+ rating in the Leader category, based on FY2025-26 data. The assessment covered its EPC, BOT and HAM infrastructure activities on environment, social and governance factors. The rating has no direct revenue or profit impact but supports its sustainability and governance credentials with investors and lenders.

    Filing
  • 19 Oct 2026General UpdatesLow impactNeutralPrice −1.9% that day
    Routine commercial paper redemption with no material business impact.

    Ashoka Buildcon informed the exchanges about redemption of its commercial paper. The filing filename indicates a CP redemption on October 19, 2026, though the amount was not extractable from the document. This is a routine maturity repayment that marginally reduces short-term debt and has no material impact on revenue or profits.

    Filing
  • 9 Oct 2026General UpdatesLow impactPositivePrice +4.4% on 12 Oct
    Ashoka Buildcon achieved provisional COD for its NHAI Bettadahalli project, starting operations and annuity cash flows.

    Ashoka Buildcon received the provisional completion certificate and declared commercial operation (COD) for its NHAI project at Bettadahalli. The filing does not disclose project cost or annuity details. COD moves the project from construction to operations, enabling toll or annuity receipts plus O&M revenue and release of retentions, a small positive for cash flows over the next year.

    Filing
  • 9 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +4.4% on 12 Oct
    Ashoka Buildcon won a new LoA, adding to order book and supporting near-term revenue.

    Ashoka Buildcon informed the exchange on 9 Oct 2026 that it has received a Letter of Acceptance, indicated as an NER order in the filing name. The extracted filing text did not disclose the order value, scope or timeline. Based on typical company order sizes, the win should modestly strengthen the order book and support revenue execution over the next 12 months.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA to AA- by 2 agencies
AA-
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CRISILWithdrawn—12 Jun 2026
AcuiteACUITE AAStable24 Feb 2026
CARECARE AA- (Rating Watch with Positive Implications)—9 Jan 2026
Credit rating actions
RatingDetails
12 Jun 2026
Withdrawn
——CRISIL₹ 6,506 Cr.
24 Feb 2026
Reaffirmed
ACUITE AA—Acuite₹ 9,200 Cr.
9 Jan 2026
Reaffirmed
CARE AA- (Rating Watch with Positive Implications)—CARE₹ 1,100 Cr.
8 Dec 2025
Reaffirmed
Crisil AA-—CRISIL₹ 6,506 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
5 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
11 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
21 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
30 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
14 Nov 2025Financial ResultsTo consider, approve and taken on record the unaudited standalone and consolidated financial results (Limited Review) for the quarter and half year ended September 30, 2025
11 Aug 2025Financial Results/Fund RaisingTo consider and approve the financial results for the period ended Jun 30, 2025 and Fund Raising
23 May 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025 and other business matters

Share price

1M change −12.8%
1 of 4 filing days came with a big price moveBiggest +4.4% on 12 Oct 2026AI reading matched the move 1 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,1542,6573,0522,4652,4892,3882,6941,8871,8511,8271,9541,500
Expenses1,6082,0702,4261,8661,5841,7491,9171,2881,2661,3921,6961,242
Operating Profit546587626599905639777599585435258258
OPM %25%22%21%24%36%27%29%32%32%24%13%17%
Other Income41421932940396150−1632,4162534
Interest3213373343083073133183113182008283
Depreciation9910368949858403840424136
Profit before tax167189417227540307481300642,609160173
Tax %29%48%39%30%14%−116%6%24%−41%19%8%26%
Net Profit11999254158462662452227912,111147127
EPS in Rs43.438.895.3616.2823.3215.47.742.7875.215.14.55

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
10%
5 Years
9%
3 Years
−2%
TTM
−25%
Compounded Profit Growth
10 Years
28%
5 Years
24%
3 Years
35%
TTM
−62%
Stock Price CAGR
10 Years
1%
5 Years
2%
3 Years
4%
TTM
—
Return on Equity
10 Years
24%
5 Years
29%
3 Years
29%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
54.47%
0 pts in a year
FIIs
4.39%
−2.9 pts in a year
DIIs
14.02%
−0.14 pts in a year
Public
27.1%
+3.03 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 4xEPS (12 months) ₹ 24.11Median P/E 11x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Ashoka Buildcon₹ 96.07₹ 2,754 Cr.4x0.4x15%—
DLF₹ 653.55₹ 1,61,774 Cr.39x3.6x10%32%
Lodha Developers₹ 963.00₹ 1,01,441 Cr.33.7x5.1x15.8%20.6%
Indus Towers₹ 380.00₹ 1,00,250 Cr.14.9x2.7x19.8%22%
Oberoi Realty₹ 1,587.20₹ 57,846 Cr.27.3x3.8x—41.6%
Godrej Properties₹ 1,497.90₹ 45,121 Cr.166x3.3x10.2%35.9%

Management

Ashok Motilal Katariya
Executive Chairman of the Board
Paresh Chatursinha Mehta
Chief Financial Officer
Manoj Achyut Kulkarni
Compliance Officer, Company Secretary
Satish Dhondulal Parakh
Managing Director, Executive Director
Ashish Ashok Kataria
Whole-Time Director
Sanjay Prabhakar Londhe
Whole-Time Director, Chief Executive Officer - Projects

Prices are delayed and for information only. Nothing on this page is investment advice.