Ashoka Buildcon Limited

NSE: ASHOKA · Construction

₹102.06-4.57%06 Nov 2026

Check figures: unusual quarterly results in DEC '25 (₹2,111.41 cr vs a typical ₹121.14 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Ashoka Buildcon Limited — computed from its filings, no language model

Market cap₹2,865 cr

Current price₹102.06

High / Low₹212 / ₹96

P/E1.3

P/B0.43

Book value₹234.7

ROE34.3%

ROCE40.1%

Debt / equity0.24

Dividend yield—

EPS (TTM)₹80.48

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,070	4,992	5,946	8,100	9,798	10,037	7,520
EBITDA	1,575	1,536	1,736	1,969	2,252	2,920	1,882
Operating margin	31.1%	30.8%	29.2%	24.3%	23.0%	29.1%	25.0%
Interest	1,043	970	1,004	1,104	1,310	1,245	912
Depreciation	300	276	338	341	367	290	161
Profit before tax	315	420	921	587	888	1,554	3,137
Tax	166	164	161	215	349	-179	557
Net profit	165	276	779	371	503	1,694	2,550
EPS ₹	5.89	9.84	27.73	13.23	17.92	60.35	116.21
Operating cash flow	—	—	353	492	767	1,692	655
Capex	—	—	145	179	146	156	117
Dividend paid	—	—	0	0	0	0	0
Total assets	—	—	—	17,145	19,124	20,770	13,050
Equity	—	—	—	1,755	2,220	3,915	6,579

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,168	1,038	1,280	1,584	761	1,189	1,305	1,736	1,283	1,265	1,440	1,957	1,879	1,808	1,956	2,448	1,935	2,154	2,657	3,052	2,465	2,489	2,388	2,694	1,887	1,851	1,827	1,954	1,500	1,505
Operating profit	355	368	378	474	247	392	416	480	397	408	398	533	484	430	490	556	473	546	597	635	599	905	639	777	599	585	435	263	258	210
Operating margin	30.4%	35.5%	29.5%	29.9%	32.5%	33.0%	31.9%	27.7%	30.9%	32.2%	27.7%	27.2%	25.8%	23.8%	25.0%	22.7%	24.5%	25.3%	22.5%	20.8%	24.3%	36.4%	26.8%	28.8%	31.7%	31.6%	23.8%	13.5%	17.2%	14.0%
Other income	19	15	23	25	31	29	26	45	27	40	35	100	37	37	40	30	38	41	42	86	29	40	38	61	50	57	39	38	34	105
Interest	282	252	253	257	239	243	240	247	240	249	255	259	250	276	290	288	319	321	337	334	308	307	313	318	311	318	200	82	83	82
Depreciation	76	79	82	64	52	70	77	78	63	71	87	117	84	82	88	87	96	99	103	68	94	98	58	40	38	40	42	41	36	42
Profit before tax	16	53	67	178	-13	108	125	200	121	128	417	256	187	108	152	139	97	167	198	426	227	540	307	481	299	64	2,609	165	173	-128
Tax	43	45	45	33	28	44	41	50	45	48	32	35	58	38	14	105	25	48	79	163	69	78	-355	30	73	-26	498	13	46	-9
Net profit	-20	18	32	135	-28	73	88	142	80	80	392	226	135	64	136	37	68	112	107	250	150	457	655	432	227	78	2,111	143	123	-119
EPS ₹	-0.70	0.64	1.16	4.79	-1.00	2.61	3.15	5.08	2.86	2.85	13.98	8.05	4.79	2.27	4.85	1.32	2.41	4.00	3.82	8.89	5.36	16.28	23.32	15.40	7.74	2.78	75.21	10.61	4.55	-4.23
Revenue YoY	—	—	—	—	-34.8%	14.6%	2.0%	9.6%	68.5%	6.4%	10.3%	12.8%	46.4%	42.9%	35.8%	25.1%	3.0%	19.2%	35.8%	24.6%	27.4%	15.5%	-10.1%	-11.7%	-23.5%	-25.6%	-23.5%	-27.5%	-20.5%	-18.7%
Profit YoY	—	—	—	—	—	308.1%	172.9%	5.9%	—	9.1%	343.7%	58.6%	67.7%	-20.4%	-65.3%	-83.6%	-49.7%	76.4%	-21.2%	573.4%	122.0%	307.0%	510.0%	73.1%	50.9%	-82.9%	222.6%	-66.9%	-45.6%	-252.2%

Earlier results (standalone, Jun '10 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Ashoka Buildcon Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,195	1,334	1,638	1,557	1,967	1,936	2,045	2,463	3,821
Operating profit	159	188	202	198	250	265	237	308	515
Operating margin	13.3%	14.1%	12.3%	12.7%	12.7%	13.7%	11.6%	12.5%	13.5%
Other income	21	31	58	47	58	89	72	98	116
Interest	34	46	40	33	59	56	—	49	91
Depreciation	31	36	50	43	55	65	51	53	76
Profit before tax	115	137	155	153	194	224	233	304	417
Tax	30	32	53	50	52	64	49	52	131
Net profit	85	104	102	103	142	159	184	252	286

Quarters

showing latest 8 of 36 periods

	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	313	185	302	395	347	246	317	424	411	253	376	598	412	243	353	548	548	359	384	676	475	468	443	550	468	443	524	610	723	379	659	702	684	764	1,065	1,307
Operating profit	44	24	40	50	56	36	42	55	57	38	37	70	49	34	45	70	69	42	50	89	68	65	52	80	60	70	62	46	98	51	80	81	81	104	149	181
Operating margin	14.2%	12.8%	13.3%	12.8%	16.0%	14.5%	13.2%	12.8%	13.9%	14.9%	9.8%	11.8%	12.0%	14.1%	12.7%	12.7%	12.7%	11.7%	12.9%	13.2%	14.3%	13.9%	11.8%	14.5%	12.7%	15.8%	11.8%	7.5%	13.5%	13.4%	12.1%	11.5%	11.9%	13.6%	14.0%	13.9%
Other income	4	4	8	5	3	4	11	13	10	6	30	12	15	6	5	22	4	19	3	32	23	9	11	45	8	9	12	43	9	11	17	61	37	16	25	38
Interest	8	9	8	9	9	14	13	9	10	11	10	9	7	8	8	11	9	13	16	20	14	13	13	16	8	8	9	—	13	12	13	11	17	13	24	37
Depreciation	9	10	10	1	11	12	13	0	12	12	13	13	10	10	11	13	14	14	15	13	14	17	16	18	12	13	11	15	11	13	14	14	14	17	20	26
Profit before tax	31	9	30	45	38	14	27	58	45	21	45	44	48	22	31	52	51	34	22	88	63	45	34	81	48	58	54	74	82	37	69	116	87	90	90	150
Tax	9	1	9	12	10	2	7	13	12	5	12	23	13	6	10	20	17	8	7	19	17	14	11	22	17	12	11	9	20	4	17	11	23	28	28	52
Net profit	23	8	21	33	28	12	20	45	33	16	32	21	35	16	21	32	34	25	15	69	47	32	23	59	31	45	43	65	62	33	52	105	64	62	62	98
EPS ₹	4.93	1.76	—	6.82	5.30	2.15	3.75	8.61	6.25	3.06	6.16	3.93	2.21	1.01	1.32	2.01	2.14	1.59	0.92	4.33	2.50	1.69	1.22	3.19	1.65	2.42	2.28	3.45	3.30	1.76	2.78	5.63	2.20	2.21	2.21	3.49
Revenue YoY	—	—	—	—	10.6%	33.0%	5.2%	7.4%	18.5%	3.0%	18.4%	40.9%	0.4%	-3.9%	-6.1%	-8.3%	32.9%	47.5%	8.9%	23.3%	-13.3%	30.4%	15.4%	-18.7%	-1.4%	-5.3%	18.2%	11.0%	54.3%	-14.5%	25.7%	15.1%	-5.4%	101.9%	61.6%	86.2%
Profit YoY	—	—	—	—	23.7%	43.4%	-5.1%	35.9%	18.1%	39.6%	64.2%	-54.3%	6.1%	-1.1%	-35.8%	53.4%	-3.2%	57.8%	-30.0%	116.0%	37.6%	25.2%	56.3%	-14.5%	-33.7%	43.9%	87.9%	11.4%	101.0%	-27.9%	21.8%	61.3%	3.1%	90.1%	19.6%	-7.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	51.7%	35.5%	21.2%	17.4%	18.3%	16.8%	24.2%	27.9%	34.1%	53.5%	43.3%	45.2%	33.1%	67.7%	38.9%	37.3%	34.3%
ROCE	—	—	—	—	—	—	—	—	—	—	34.9%	30.9%	46.2%	45.6%	42.4%	44.7%	28.7%	30.2%	32.0%	33.0%	36.0%	37.0%	39.4%	75.2%	50.1%	45.7%	40.1%
Net margin	3.3%	3.4%	4.4%	5.5%	5.5%	7.0%	7.0%	12.1%	13.1%	12.7%	11.5%	7.4%	4.6%	3.7%	4.2%	3.5%	5.5%	6.0%	9.0%	14.5%	16.9%	18.7%	15.8%	34.5%	34.0%	34.4%	33.3%
EBITDA margin	31.1%	31.5%	31.0%	31.6%	30.8%	30.6%	30.4%	29.4%	29.2%	27.9%	26.0%	25.5%	24.2%	23.9%	24.3%	23.6%	23.0%	23.0%	25.7%	26.7%	29.1%	30.9%	29.5%	29.0%	25.0%	21.6%	17.2%
Debt / equity	—	—	—	—	—	—	—	—	—	—	2.64	2.64	1.09	1.09	1.16	1.16	2.45	2.45	1.96	1.96	0.98	0.98	0.45	0.45	0.23	0.23	0.24
Interest coverage	1.30	1.29	1.34	1.41	1.43	1.57	1.59	1.87	1.92	1.97	1.93	1.65	1.53	1.42	1.46	1.48	1.68	1.78	2.08	2.19	2.25	2.30	1.91	4.01	4.44	5.40	7.30
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.43	0.46	0.47	0.48	0.48	0.52	0.51	0.54	0.55	0.54	0.48	0.46	0.46	0.43	0.58	0.55	0.52

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	140	140	140	140	140	140	140	140	140
Other equity / reserves	1,439	1,614	1,794	2,080	2,687	3,775	4,070	6,439	6,448
Total equity	1,579	1,755	1,934	2,220	2,827	3,915	4,211	6,579	6,588
Borrowings	4,175	1,906	2,240	5,443	5,536	3,855	1,909	1,511	1,552
Current liabilities	3,977	4,380	4,614	6,226	5,797	5,021	5,124	3,068	3,049
Non-current liabilities	3,945	1,428	1,708	7,596	7,646	2,187	2,025	1,917	1,954
Total assets	16,346	17,145	17,796	19,124	19,239	20,770	19,189	13,050	13,014
Property, plant & equipment	412	287	321	336	320	324	319	307	361
Capital work-in-progress	100	62	47	39	50	53	46	54	77
Investments	54	32	28	112	163	221	83	440	530
Inventories	503	561	602	699	643	539	466	440	451
Receivables	1,121	1,067	1,069	1,388	1,516	1,708	1,666	1,922	1,831
Cash & equivalents	312	174	53	459	164	167	1,252	591	205

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	353	492	767	1,692	655
Cash from investing	-233	-264	234	-660	1,276
Cash from financing	-35	-311	-407	-1,014	-1,590
Capex	145	179	146	156	117
Free cash flow	208	313	621	1,536	537
Dividends paid	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹361 cr3%

CWIP

₹77 cr1%

Investments

₹530 cr4%

Inventories

₹451 cr3%

Receivables

₹1,831 cr14%

Cash & equivalents

₹205 cr2%

Other assets

₹9,561 cr73%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%
Ashoka Buildcon Limited	2,865	102.06	1.3	0.43	34.3%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-1.9%

6 months-27.1%

1 year-46.9%

3Y CAGR-9.5%

5Y CAGR-1.2%

10Y CAGR-1.1%

50-day avg₹107.92

200-day avg₹123.79

RSI (14)45

FAQs

What is the share price of Ashoka Buildcon Limited?

Ashoka Buildcon Limited (ASHOKA) closed at ₹102.06 on NSE on 06 Nov 2026.

What is the market cap of Ashoka Buildcon Limited?

₹2,865 crore at the latest close.

What is the P/E ratio of Ashoka Buildcon Limited?

1.3, on trailing-twelve-month earnings from its filings.

How fast is Ashoka Buildcon Limited growing?

Ashoka Buildcon Limited: revenue has compounded at -2.4% a year over three years; net profit at 90.1% a year. Latest-quarter revenue is down 18.7% year on year, profit down 252.2%.

How profitable is Ashoka Buildcon Limited?

On a trailing-twelve-month basis return on equity is 34.3%, return on capital employed 40.1%, operating margin 17.2%, net margin 33.3%.

How much debt does Ashoka Buildcon Limited have?

Ashoka Buildcon Limited is lightly geared: debt to equity is 0.24 with borrowings of ₹1,552 cr against cash of ₹205 cr (balance sheet of 2026-09-30). Operating profit covers interest 7.3 times.

Financials parsed from Ashoka Buildcon Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.