Ashoka Buildcon Ltd.
NSE: ASHOKA · Infrastructure
Sector
Infrastructure
Size band
Small cap
Market cap
3,167cr
P/E
9.6
ROE
5%
No price is shown on this page, live or delayed. It records what management said on the earnings call, and the company’s filings.
Measured against
Peer set
Construction - Infrastructure · largest 12 of 30 measured at Q1 FY27 · financials via Screener| Company | Operating margin | Revenue growth |
|---|---|---|
| Rail Vikas Nigam Ltd. | 4.3% | 10.5% |
| IRB Infrastructure Developers Ltd. | 54.0% | 1.8% |
| NCC Ltd. | 9.0% | 12.2% |
| GR Infraprojects Ltd. | 17.0% | 40.0% |
| Ceigall India Ltd. | 15.0% | 15.8% |
| PNC Infratech Ltd. | 31.0% | 18.6% |
| Hindustan Construction Company Ltd. | 11.0% | −9.0% |
| PDS Ltd. | 2.8% | 14.8% |
| Man InfraConstruction Ltd. | 33.0% | 19.1% |
| J Kumar Infraprojects Ltd. | 14.0% | 1.8% |
| Ramky Infrastructure Ltd. | 6.0% | 24.3% |
| Ashoka Buildcon Ltd. | 17.0% | −20.5% |
What management said
13 statements on recordEarnings call · Q1 FY27 · 18 Aug 2026
- Revenue growth→between 10% to 15% growth· FY27
“So guidance, we are lowering down from 20% to between 10% to 15% because this quarter has been flat due to various reasons and various uncertainties, particularly supply chain. So we feel the overall performance will be able to touch between 10% to 15% growth.”
- Order inflow→INR6,000 to INR8,000 crores· balance 3 quarters of FY27
“Order inflow will be to the tune of INR6,000 to INR8,000 crores. We have already got INR800 crores in Q1. We are L1 in around INR1,800 crores. That will materialize in Q2. And further, we should be able to bag around INR6,000 to INR8,000 crores in balance 3 quarters.”
- EBITDA margin→9.5% of EBITDA· FY27
“H1 will continue to remain subdued, but H2 will definitely ramp up and there we'll catch up with 9.5% of EBITDA based on whatever we are spending for the new projects which are taking off, where initial establishment expense is now being incurred, mobilization, then we had ramp up in the H2 and margins also will look better.”
- EBITDA margin→9% to 9.5%· entire year
“Vaibhav Shah: You mentioned that EBITDA margins would be 9% to 9.5% for the entire year? Paresh Mehta: Yes.”
- HAM equity investment requirement→INR 179 Cr· '26-'27
“So for the coming years, for '26-'27, we will have to invest INR 179 Cr on the existing HAM projects including Bowaichandi project.”
- HAM equity investment requirement→INR 72 crores each· '27-'28 and '28-'29
“And for '27-'28 and '28-'29 it would be INR 72 crores each.”
- Third-party debt→INR500 crores to INR600 crores· once the assets are monetized
“Third-party debt would be approximately in the range of, as we have guided, around INR500 crores to INR600 crores.”
- Debt including debt from subsidiaries→around INR1,200-odd crores· post monetization
“Around say INR1,100 crores, around approximately INR700 crores would be third-party debt. So around, say, INR1,200-odd crores.”
- Bowaichandi HAM work execution→around 15%· this year
“Vaibhav Shah: So maybe 15%, 20% work only would happen for this year? Satish Parakh: This year will be around 15%.”
- Capex→approximately INR125 crores· whole year
“Target, as we said, was approximately INR125 crores for the whole year.”
- Gems and Jewellery Park revenue→almost around INR100 crores per year· next 5 years
“So this is, as we said, it's a contract of INR450 crores to be executed in the next 5 years, where we can take almost around INR100 crores per year.”
- Standalone interest cost→INR225 crores to INR240 crores· FY27
“Yes, it should be in the range of around INR225 crores or INR225 crores to INR240 crores.”
- Standalone interest cost→approximately INR200 crores, INR210 crores· FY28
“It will all depend on how much business is executed, turnover. So it will be in the range of approximately INR200 crores, INR210 crores, assuming there is a increase in turnover in the next 2 years.”
Taken from management commentary on the company’s earnings call and quoted verbatim. These are statements of intent made by the company, not forecasts by Bharatstox, and nothing here records whether they were met.
On air
9 calls · outcomes not trackedRecorded as stated on air, with the analyst's SEBI registration status where it was given. Anchor calls carry no registration and are marked. Bharatstox does not make, endorse or repeat these calls, and none of them is our view.
| Channel & show | Aired | Stated target | Stated stop | Outcome |
|---|---|---|---|---|
| CNBC AwaazCNBC Awaax · no registration attached | 14 Oct | — | -6.9% | still open |
| CNBC AwaazCNBC Awaax · no registration attached | 13 Oct | — | -6.9% | still open |
| Zee BusinessZee Business · no registration attached | 12 Oct | +3.9% | -2.9% | still open |
| CNBC AwaazCNBC Awaax · no registration attached | 2 Sep | — | -8.0% | still open |
| NDTV ProfitNDTV Profit · no registration attached | 31 Aug | +8.0% | -4.0% | still open |
| NDTV ProfitNDTV Profit · no registration attached | 31 Aug | +50.0% | -24.4% | still open |
| Zee BusinessZee Business · no registration attached | 31 Aug | +3.4% | -1.5% | still open |
| Zee BusinessZee Business · no registration attached | 31 Aug | +4.0% | -0.9% | still open |
| Zee BusinessZee Business · no registration attached | 31 Aug | +4.0% | — | still open |
Shareholding
change across 4 filings| Category | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Change |
|---|---|---|---|---|---|
| Promoters | 54.5 | 54.5 | 54.5 | 54.5 | 0.0 |
| Foreign institutions | 4.4 | 5.9 | 7.5 | 7.5 | −3.1 |
| Domestic institutions | 14.0 | 14.4 | 14.4 | 14.1 | −0.1 |
| Retail & others | 27.1 | 25.2 | 23.6 | 24.0 | +3.1 |
As filed with the exchange for the periods ending Sep 25 to Jun 26.
Filings
latest 25 of 309- General Updates16 Oct 2026
- General Updates9 Oct 2026
- Bagging/Receiving of orders/contracts9 Oct 2026
- Issue of Securities9 Oct 2026
- General Updates7 Oct 2026
- General Updates1 Oct 2026
- Trading Window28 Sept 2026
- General Updates25 Sept 2026
- Shareholders meeting25 Sept 2026
- The Company has acquired Project SPV Viz. Sakoli Power Transmission Limited from REC PDCL.23 Sept 2026
- General Updates23 Sept 2026
- As per attached letter15 Sept 2026
- General Updates15 Sept 2026
- Copy of Newspaper Publication3 Sept 2026
- Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, please find enclosed copies of newspaper publication published in Free Press Journal (English) and Punyanagari (Vernacular ....3 Sept 2026
- General Updates2 Sept 2026
- Notice is hereby given that the Register of Members and Share Certificate Book of the Company will remain closed from Saturday, September 19, 2026 to Friday, September 25, 2026 (both days ....2 Sept 2026
- Submission of Business Responsibility & Sustainability Report (BRSR) for FY 2025-26 under Regulation 34(2)(f) of the SEBI (LODR) Regulations, 2015.2 Sept 2026
- Submission of 33rd Annual Report for the financial year 2025-26 under Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 20152 Sept 2026
- Shareholders meeting2 Sept 2026
- We wish to inform you that the 33rd Annual General Meeting (AGM) of the Members of Ashoka Buildcon Limited (the Company) is scheduled to be held on Friday, September 25, 2026 at 12.30 p.m.2 Sept 2026
- Awarding of order(s)/contract(s)29 Aug 2026
- Analysts/Institutional Investor Meet/Con. Call Updates18 Aug 2026
- Please find enclosed herewith the copy of Transcript of the Earnings Call held on August 12, 2026 in respect of unaudited standalone and Consolidated financial results for the quarter ended ....18 Aug 2026
- Awarding of order(s)/contract(s)13 Aug 2026
The 25 most recent of 309 filings we hold for ASHOKA, back to January 2024. Every filing, by day.
Disclaimer
Guidance is quoted from management commentary on quarterly earnings calls; the words are the company's own and the targets are theirs, not ours. Peer comparisons use quarterly financials sourced from Screener, with every company measured at the same fiscal quarter; the peer set is companies sharing the same industry classification, and comparisons are descriptive, not a ranking or a view. Broadcast calls are reproduced as stated on air, attributed, with the analyst's SEBI registration status where given; they are not our calls and not our view. Filings are reproduced as companies filed them to the NSE and BSE; Bharatstox does not verify, endorse or comment on their contents. This page is for informational and educational purposes only and does not constitute investment advice, research, or a recommendation to buy or sell any security. Investing in securities markets is subject to market risks. Read all related documents carefully before investing.