Ashoka Buildcon Limited, established in 1976, is a leading Indian construction and infrastructure development company known for its quality, innovation, and sustainability. The company has built a robust reputation with a diverse portfolio spanning highway development, power transmission and distribution, railways, and city gas distribution. Leveraging various business models such as Engineering, Procurement, and Construction (EPC); Build-Operate-Transfer (BOT); and the Hybrid Annuity Model (HAM), Ashoka Buildcon ensures efficient risk-sharing and seamless execution of complex projects. Its impressive track record includes national highways, urban infrastructure, power substations, railway over-bridges, and city gas networks. Recognized for excellence by entities like the National Highway Authority of India (NHAI), the company is lauded for its safety, quality, and environmental sustainability practices. Listed on the BSE and NSE, Ashoka Buildcon demonstrates strong financial health, with a growing order book and consistent profitability. Beyond business, it actively contributes to society through CSR initiatives focusing on education, healthcare, and environmental conservation, reinforcing its commitment to holistic development.
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 54.48% | 54.47% | 54.47% | 54.47% | 54.47% |
FIIs + | 4.51% | 7.23% | 7.63% | 7.95% | 8.52% |
DIIs + | 19.72% | 17.63% | 19.32% | 17.79% | 15.46% |
Public + | 21.28% | 20.66% | 18.57% | 19.80% | 21.55% |
No. of Shareholders | 1,28,021 | 1,53,588 | 1,54,029 | 1,59,570 | 1,73,239 |
Ashoka Buildcon’s shareholding patterns demonstrate stability among promoters and evolving trends among institutional and public investors throughout 2023 and 2024. Promoters consistently held a majority stake, maintaining their share at around 54.47%-54.48% across all quarters. Foreign Institutional Investors (FIIs) showed increasing confidence in the company, with their stake rising significantly from 4.51% in December 2023 to 8.52% by December 2024. Conversely, Domestic Institutional Investors (DIIs) saw a decline, reducing their share from 19.72% in December 2023 to 15.46% in December 2024. The public shareholding exhibited fluctuations, beginning at 21.28% in December 2023, dipping to 18.57% by June 2024, and rebounding to 21.55% by the end of the year. Additionally, the number of shareholders increased steadily, growing from 1,28,021 in December 2023 to 1,73,239 by December 2024, reflecting heightened interest and participation in Ashoka Buildcon’s equity market journey.
Latest News on Ashoka Buildcon
Ashoka Buildcon Limited, through its wholly-owned subsidiary, has secured a concession agreement with the National Highways Authority of India (NHAI) for a ₹1,391 crore project to develop a four-lane economic corridor in West Bengal. This strategic initiative aims to enhance regional connectivity, streamline transportation, and boost economic growth in the area. The project is a significant addition to Ashoka Buildcon’s extensive portfolio and highlights its expertise in executing large-scale infrastructure ventures, particularly under the Hybrid Annuity Model (HAM). With its strong track record and commitment to quality, the company is poised to deliver the project successfully, further solidifying its leadership in India’s infrastructure development sector.
Below are the trading platforms that you can use to purchase Ashoka Buildcon shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
February 2025 | 285.99 | 219.99 |
March 2025 | 291.99 | 224.61 |
April 2025 | 289.10 | 222.39 |
May 2025 | 280.68 | 215.91 |
June 2025 | 293.31 | 225.63 |
July 2025 | 287.56 | 221.20 |
August 2025 | 296.46 | 228.04 |
September 2025 | 300.01 | 230.78 |
October 2025 | 307.81 | 236.78 |
November 2025 | 315.51 | 242.70 |
December 2025 | 329.71 | 253.62 |
In 2025, Ashoka Buildcon’s share prices are projected to show steady growth. By February, prices are expected to range between ₹219.99 and ₹285.99. June may see gradual increases, peaking at ₹293.31. By September, prices might touch ₹300.01, rising further to ₹315.51 in November. As we step into December 2025, the year is anticipated to conclude with a maximum price of ₹329.71 and a minimum of ₹253.62.
When | Maximum Price | Minimum Price |
January 2026 | 339.60 | 261.23 |
February 2026 | 331.11 | 254.70 |
March 2026 | 337.73 | 259.79 |
April 2026 | 344.62 | 265.09 |
May 2026 | 341.21 | 262.47 |
June 2026 | 349.74 | 269.03 |
July 2026 | 342.88 | 263.76 |
August 2026 | 353.49 | 271.91 |
September 2026 | 360.56 | 277.35 |
October 2026 | 369.93 | 284.56 |
November 2026 | 379.18 | 291.68 |
December 2026 | 388.66 | 298.97 |
Ashoka Buildcon’s share prices are projected to show a steady upward trend. As we move into January, the prices are expected to range between ₹261.23 and ₹339.60. As we move through the year, prices may reach ₹353.49 in August and ₹360.56 in September. Further growth is anticipated, with prices potentially touching ₹379.18 in November. As we move into December, the year is likely to close with a maximum price of ₹388.66 and a minimum of ₹298.97.
When | Maximum Price | Minimum Price |
January 2027 | 392.55 | 301.96 |
February 2027 | 402.61 | 309.70 |
March 2027 | 418.31 | 321.78 |
April 2027 | 410.11 | 315.47 |
May 2027 | 398.17 | 306.28 |
June 2027 | 416.08 | 320.07 |
July 2027 | 407.93 | 313.79 |
August 2027 | 420.54 | 323.49 |
September 2027 | 435.26 | 334.82 |
October 2027 | 446.58 | 343.52 |
November 2027 | 457.74 | 352.11 |
December 2027 | 469.19 | 360.91 |
When | Maximum Price | Minimum Price |
January 2028 | 478.57 | 368.13 |
February 2028 | 490.84 | 377.57 |
March 2028 | 509.98 | 392.30 |
April 2028 | 499.98 | 384.60 |
May 2028 | 485.42 | 373.40 |
June 2028 | 507.27 | 390.20 |
July 2028 | 497.32 | 382.55 |
August 2028 | 512.70 | 394.38 |
September 2028 | 530.64 | 408.19 |
October 2028 | 544.44 | 418.80 |
November 2028 | 558.05 | 429.27 |
December 2028 | 572.00 | 440.00 |
When | Maximum Price | Minimum Price |
January 2029 | 583.44 | 448.80 |
February 2029 | 598.40 | 460.31 |
March 2029 | 621.74 | 478.26 |
April 2029 | 609.55 | 468.89 |
May 2029 | 591.80 | 455.23 |
June 2029 | 618.43 | 475.71 |
July 2029 | 606.30 | 466.39 |
August 2029 | 625.05 | 480.81 |
September 2029 | 646.93 | 497.64 |
October 2029 | 663.75 | 510.58 |
November 2029 | 680.34 | 523.34 |
December 2029 | 697.35 | 536.43 |
When | Maximum Price | Minimum Price |
January 2030 | 711.30 | 547.15 |
February 2030 | 729.54 | 561.18 |
March 2030 | 757.99 | 583.07 |
April 2030 | 743.13 | 571.64 |
May 2030 | 721.48 | 554.99 |
June 2030 | 753.95 | 579.96 |
July 2030 | 739.17 | 568.59 |
August 2030 | 762.03 | 586.17 |
September 2030 | 788.70 | 606.69 |
October 2030 | 809.20 | 622.46 |
November 2030 | 829.43 | 638.03 |
December 2030 | 850.17 | 653.98 |
Ashoka Buildcon’s share prices are anticipated to demonstrate a strong upward trajectory. As we progress into January, prices are expected to range between ₹547.15 and ₹711.30. In February, they may rise further to a maximum of ₹729.54. By mid-year, in June, prices could reach ₹753.95 with a minimum of ₹579.96. Moving into the later months, September is projected to see a peak at ₹788.70, and by November, prices might climb to ₹829.43. As we progress into December, the year is likely to conclude with a maximum price of ₹850.17 and a minimum of ₹653.98.
Financial Condition of Ashoka Buildcon
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 5,070 | 4,992 | 5,999 | 8,100 | 9,798 | 10,663 |
Expenses + | 3,495 | 3,455 | 4,210 | 6,132 | 7,564 | 7,946 |
Operating Profit | 1,575 | 1,536 | 1,789 | 1,969 | 2,235 | 2,718 |
OPM % | 31% | 31% | 30% | 24% | 23% | 25% |
Other Income + | 93 | 147 | 485 | 64 | 312 | 304 |
Interest | 1,043 | 970 | 1,004 | 1,104 | 1,310 | 1,286 |
Depreciation | 300 | 276 | 338 | 341 | 367 | 363 |
Profit before tax | 326 | 438 | 932 | 588 | 870 | 1,373 |
Tax % | 51% | 38% | 17% | 50% | 40% | |
Net Profit + | 160 | 273 | 771 | 294 | 521 | 973 |
EPS in Rs | 5.89 | 9.84 | 27.73 | 10.42 | 17.92 | 33.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Over the past years, Ashoka Buildcon has demonstrated consistent growth in its financial performance. Sales revenue has increased steadily, rising from ₹5,070 crore in March 2020 to ₹9,798 crore in March 2024, with a further increase to ₹10,663 crore in the trailing twelve months (TTM). However, the rise in expenses, which grew from ₹3,495 crore in March 2020 to ₹7,946 crore in TTM, has slightly compressed the operating profit margins (OPM%), which declined from 31% in March 2020 to 23% in March 2024, before improving to 25% in TTM.
Operating profit has grown from ₹1,575 crore in March 2020 to ₹2,718 crore in TTM, indicating resilience despite margin fluctuations. Other income has varied significantly, peaking at ₹485 crore in March 2022 before stabilizing at ₹304 crore in TTM. Interest expenses have increased steadily, reaching ₹1,286 crore in TTM, while depreciation has shown a marginal rise to ₹363 crore.
Net profit has exhibited volatility, increasing sharply from ₹160 crore in March 2020 to ₹771 crore in March 2022, but declining to ₹294 crore in March 2023, before recovering to ₹973 crore in TTM. This has positively impacted the Earnings Per Share (EPS), which grew from ₹5.89 in March 2020 to ₹33.96 in TTM. Notably, Ashoka Buildcon has maintained a 0% dividend payout across all years, reflecting its strategy to reinvest earnings for growth.
FAQs
What is the current market capitalization of Ashoka Buildcon?
As of February 05th, 2025, the market cap is standing at ₹6,927 Crores.
Ashoka Buildcon shares are currently trading at ₹247 as of February 05th, 2025.
Looking ahead, the share price is expected to range between ₹215.91 to ₹329.71 by 2025.
The long-term outlook is optimistic, with a projected range of ₹653.98 to ₹850.17 by December 2030.
What is the current Price-to-Earnings (PE) ratio of Ashoka Buildcon?
Currently, the stock’s PE ratio is at a reasonable 7.79.
Also Read
- Waaree Renewables Technologies Share Price Target 2025, 2026 to 2030
- VRL Logistics Share Price Target 2025, 2026 to 2030
- GMR Power & Urban Infra Share Price Target 2025, 2026 to 2030
Conclusion
In conclusion, Ashoka Buildcon’s financial performance showcases consistent growth, with increasing revenues and operating profits. Despite challenges in operating profit margins, the company has managed to maintain a strong financial position, with a positive trajectory in net profit and earnings per share (EPS). The steady rise in sales, combined with a robust order book and increasing investor confidence, reflects Ashoka Buildcon’s resilience and potential for sustained growth. Additionally, its recent achievements, such as securing a ₹1,391 crore project with NHAI, further underline its expertise and capacity to lead large-scale infrastructure initiatives. With its solid fundamentals, growing market presence, and promising share price projections, Ashoka Buildcon is well-positioned for a successful future.
What did we learn?
- 1 Shareholdings Patterns of Ashoka Buildcon
- 2 Latest News on Ashoka Buildcon
- 3 How to Buy Ashoka Buildcon Shares in India?
- 4 Ashoka Buildcon Share Price Prediction: 2025 – 2030
- 5 Financial Condition of Ashoka Buildcon
- 6 FAQs
- 6.1 What is the current market capitalization of Ashoka Buildcon?
- 6.2 What is the current share price of Ashoka Buildcon?
- 6.3 What is the share price target for Ashoka Buildcon in 2025?
- 6.4 What is the share price target for Ashoka Buildcon in 2030?
- 6.5 What is the current Price-to-Earnings (PE) ratio of Ashoka Buildcon?
- 7 Conclusion