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Ashoka Buildcon Limited (ASHOKA) AI Stock Analysis
Ashoka Buildcon Limited
(NSE:ASHOKA)
The score is held back mainly by weak FY2026 cash flow conversion and a bearish technical setup (below major moving averages with negative momentum). These risks are partially offset by a much stronger leverage position and a very low P/E valuation, but the sustainability of FY2026 profitability remains uncertain given revenue contraction and cash-flow weakness.
Ashoka Buildcon Limited (ASHOKA) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 30.71B
- Dividend Yield
- ―
- Average Volume (3M)
- 129.96K
- Price to Earnings (P/E)
- 1.1
- Beta (1Y)
- 1.70
- Revenue Growth
- -24.59%
- EPS Growth
- 39.70%
- Country
- India
- Employees
- 1,310
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
Ashoka Buildcon Limited Business Overview & Revenue Model
Company Description
Ashoka Buildcon Limited is an infrastructure development enterprise based in India. The company operates through three principal divisions: Construction & Contract Related Activity, Built, Operate and Transfer (BOT) projects, and the Sale of Goods. I...
How the Company Makes Money
Ashoka Buildcon makes money mainly by executing and developing infrastructure projects. Its core revenue stream is contracting income from EPC and item-rate construction work, where it is paid for building assets such as roads/highways and associated...
Ashoka Buildcon Limited Financial Statement Overview
Summary
Balance sheet strength improved materially (debt-to-equity down to ~0.24x and higher equity), but FY2026 cash generation deteriorated sharply (free cash flow down ~93% YoY and only ~27% of net income). Reported profitability jumped even as revenue declined ~14.7%, increasing concerns about sustainability and earnings quality.
Income Statement
68PositiveBalance Sheet
78PositiveCash Flow
34Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.32B | 75.20B | 90.23B | 97.98B | 81.00B | 59.99B |
| Gross Profit | 18.46B | 20.28B | 36.86B | 31.67B | 25.39B | 11.16B |
| EBITDA | 38.14B | 42.05B | 30.49B | 23.68B | 19.69B | 22.50B |
| Net Income | 24.60B | 25.50B | 16.94B | 5.03B | 2.92B | 7.79B |
Balance Sheet | ||||||
| Total Assets | 0 | 130.50B | 207.70B | 191.24B | 171.45B | 154.65B |
| Cash, Cash Equivalents and Short-Term Investments | 6.74B | 6.74B | 5.86B | 9.17B | 6.80B | 4.04B |
| Total Debt | 0 | 16.08B | 19.88B | 54.50B | 19.09B | 36.33B |
| Total Liabilities | -65.76B | 64.74B | 166.11B | 167.00B | 151.70B | 138.65B |
| Stockholders Equity | 65.76B | 65.79B | 39.15B | 22.20B | 17.55B | 13.81B |
Cash Flow | ||||||
| Free Cash Flow | 6.11B | 435.07M | 15.55B | 6.03B | 3.13B | 2.08B |
| Operating Cash Flow | 6.48B | 1.61B | 16.73B | 7.49B | 4.92B | 3.53B |
| Investing Cash Flow | 10.17B | 11.24B | -6.26B | 2.34B | -2.64B | -2.33B |
| Financing Cash Flow | -8.39B | -9.44B | -10.52B | -4.07B | -3.11B | -350.01M |
Ashoka Buildcon Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHOKA, the sentiment is Negative. The current price of 96.40 is below the 20-day moving average (MA) of 102.40, below the 50-day MA of 108.97, and below the 200-day MA of 125.27, indicating a bearish trend. The MACD of -3.52 indicates Positive momentum. The RSI at 30.19 is Neutral, neither overbought nor oversold. The STOCH value of 18.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASHOKA.
Ashoka Buildcon Limited Peers Comparison
Overall Rating
IN:JKIL65Neutral
IN:PNCINFRA64Neutral
IN:DBL63Neutral
IN:KNRCON58Neutral- IN:ASHOKA56Neutral
IN:HGINFRA54Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:JKIL | 65Neutral | INR 30.64B | 8.05 | ― | 0.98% | -2.47% | -6.60% |
| IN:PNCINFRA | 64Neutral | INR 31.87B | 5.04 | ― | 0.48% | 1.82% | -21.49% |
| IN:DBL | 63Neutral | INR 61.05B | 4.83 | ― | 0.27% | -18.82% | 46.79% |
| IN:KNRCON | 58Neutral | INR 27.73B | 7.03 | ― | 0.25% | -37.51% | -58.59% |
| IN:ASHOKA | 56Neutral | INR 27.06B | 1.09 | ― | ― | -24.59% | 39.70% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:HGINFRA | 54Neutral | INR 24.67B | 13.30 | ― | 0.53% | -3.14% | -57.80% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:ASHOKA | Ashoka Buildcon Limited | 96.40 | -115.20 | -54.44% | |
| IN:DBL | Dilip Buildcon Ltd. | 375.80 | -122.36 | -24.56% | |
| IN:HGINFRA | H.G. Infra Engineering Ltd. | 378.55 | -527.68 | -58.23% | |
| IN:JKIL | J. Kumar Infraprojects Limited | 404.90 | -245.39 | -37.74% | |
| IN:KNRCON | KNR Constructions Limited | 98.60 | -82.34 | -45.51% | |
| IN:PNCINFRA | PNC Infratech Ltd | 124.25 | -159.17 | -56.16% |
Ashoka Buildcon Limited Corporate Events
Ashoka Buildcon Completes Timely Redemption of Rs.100 Crore Commercial Papers
Ashoka Buildcon Limited has fully redeemed its commercial papers bearing ISIN INE442H14550, paying the principal amount of Rs.100 crore along with Rs.174.44 lakh in interest on the scheduled maturity date of October 19, 2026. The timely, full redempt...
Ashoka Buildcon Assigned Independent CRISIL ESG 60 Rating
Ashoka Buildcon Limited has received an ESG Rating of ‘CRISIL ESG 60’ from CRISIL ESG Ratings and Analytics Limited, a SEBI-registered Category 1 ESG Rating Provider, based on publicly available data. The company clarified that it did not...
Ashoka Buildcon Acquires Sakoli Power Transmission SPV to Boost Power Infrastructure Portfolio
Ashoka Buildcon Limited has signed a Share Purchase Agreement and acquired 100% equity in Sakoli Power Transmission Limited, a project-specific special purpose vehicle previously owned by REC Power Development and Consultancy. The acquired SPV has be...
Ashoka Buildcon Extends Timeline for Sale of Remaining Road Project SPVs
Ashoka Buildcon has updated exchanges that it is extending the expected timeline for completing the sale of stakes in six remaining road project SPVs to a consortium led by Epic Concesiones 2 and Infrastructure Yield Trust schemes. The revised indica...
Ashoka Buildcon wins Rs 602 crore RVNL electro-mechanical contract for Rishikesh–Karnprayag rail tunnels
Ashoka Buildcon has received a Letter of Acceptance from Rail Vikas Nigam Limited for a major electro-mechanical works package on the Rishikesh–Karnprayag new broad-gauge rail line in Uttarakhand. The contract covers supply, erection, testing a...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 16, 2026