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Investor Presentation

Ashoka Buildcon Investor Presentation: Key Takeaways

Ashoka Buildcon reported FY26 consolidated turnover of Rs. 7,705 Cr with 27% operating margins. Management highlights aggressive asset monetization, including the sale of BOT and HAM SPVs to recycle capital.

Highlights
MarginsConsolidated operating margins stood at 27% for FY26.
Order bookRs. 15,312 Cr; 66% Roads/Railways, 23% Power T&D.
Demand visibilityStrong order book of Rs. 15,312 Cr providing multi-year visibility.

Growth

FY26 turnover fell to Rs. 7,705 Cr (vs Rs. 10,205 Cr in FY25) due to lower EPC execution and asset sales.

Outlook

Order book of Rs. 15,312 Cr as of March 2026. Focus remains on sustainable EPC growth in roads, railways, and power.

Risks

Reduction in turnover attributed to lower EPC execution and the impact of divesting HAM/BOT projects.

Last quarter's promises, checked

Delivered

  • Monetization of 4 SPVs by Q2 → 30% received/monetization on track (= BEAT)
  • Interest cost reduction to Rs. 60 Cr in Q1 → delivered Rs. 60 Cr (= BEAT)
  • Maintain standalone EBITDA margin 9.5-10.5% → delivered 9.5% (= BEAT)

Partly delivered

  • Asset monetization proceeds Rs. 1,150 Cr → Rs. 1,100 Cr mentioned/in progress (= PARTIAL)

Missed

  • Revenue growth guidance 20% → lowered to 10-15% due to supply chain (= MISS)
  • Total FY26 Income → fell to Rs. 7,705 Cr vs higher FY25 levels (= MISS)
Source

Investor Presentation filed with BSE, NSE: ASHOKA. Summary written with AI assistance from the document.

Read the document ↗

Ashoka Buildcon Ltd: key numbers

Share price
₹113.12
Market cap
₹3,176 Cr
Revenue (annual)
₹7,520 Cr
Net profit (annual)
₹2,550 Cr
P/E (TTM)
1.3×Sector 33.0×
Promoter holding
54.48%+0.00% QoQ
FII holding
4.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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