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Employees: 2,398
Size Ashoka Buildcon (ASHOKA.NS) is an India Industrials company (Engineering & Construction) with a market value of $303M, the 1048th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹102.06 on 6 Nov 2026.
Performance Over six months the shares fell 27.1%, against -10.1% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue fell 24.6% over the last twelve months (peer median +9.3%); the operating margin is 19.4% (peer median 6.6%).
Valuation It trades at 15.0× forward earnings against a peer median of 10.4× (3rd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (13.8% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹71.3B | ₹70.3B | ₹90.2B | ₹90.3B | ₹74.5B |
| Revenue growth | — | -22% | 0% | +21% | — |
| Gross profit | ₹17.0B | ₹15.5B | ₹19.4B | ₹14.1B | ₹11.6B |
| EBITDA | ₹15.4B | ₹14.4B | ₹19.2B | ₹15.1B | ₹13.3B |
| Net income | ₹24.6B | ₹25.5B | ₹16.9B | ₹5.03B | ₹2.92B |
| Free cash flow | n/a | ₹435M | ₹7.10B | ₹346M | -₹4.09B |
| Capital expenditure | n/a | ₹1.17B | ₹1.19B | ₹1.46B | ₹1.79B |
| Total debt | n/a | ₹16.1B | ₹19.9B | ₹54.5B | ₹55.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASHOKA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | -6.8% | 4th highest of 20 |
| 6-month return | -27.1% | -10.1% | 5th lowest of 20 |
| Distance from 52-week high | -52.4% | -31.8% | 3rd lowest of 20 |
| Revenue growth (TTM) | -24.6% | +9.3% | 3rd lowest of 21 |
| Operating margin | 19.4% | 6.6% | 2nd highest of 20 |
| Forward P/E | 15.0× | 10.4× | 3rd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | -10.6% | -1.5% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +7.1% | +5.6% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -17.7 pp | -10.5 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +1.9 pp | -2.1 pp | 5th highest of 20 |
| EV / EBITDA | 1.9× | 7.3× | cheapest of 13 |
| Net debt / EBITDA | 0.6× | -0.1× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ashoka Buildcon ASHOKA.NS | India | $303M | -27% | -25% | 19% | 15.0× | -10.6% | +7.1% |
| Yamato 1967.T | Japan | $302M | 0% | -4% | 11% | n/a | n/a | n/a |
| Terrestrial Energy IMSR | United States | $301M | -62% | -100% | n/a | n/a | n/a | n/a |
| Zenitaka 1811.T | Japan | $306M | -20% | -7% | 2% | n/a | -1.1% | +3.5% |
| SEM 9929.HK | Hong Kong | $306M | -8% | +34% | -81% | n/a | n/a | n/a |
| IS Dongseo 010780.KS | South Korea | $296M | -48% | -13% | 9% | 3.2× | -2.0% | +0.6% |
| Hualan 301027.SZ | China | $310M | -43% | +12% | 4% | n/a | 22.0% | -7.9% |
| Vindhya Telelinks VINDHYATEL.NS | India | $310M | +47% | -18% | 7% | n/a | n/a | n/a |
| Nittoc Construction 1929.T | Japan | $295M | -5% | +21% | 7% | 11.1× | -15.1% | +4.3% |
| Fujian Newchoice Pipe Technology 300198.SZ | China | $311M | -21% | +37% | -154% | n/a | n/a | n/a |
| Beijing Airport High-Tech Park 600463.SS | China | $314M | -35% | +15% | -9% | n/a | n/a | n/a |
| Seikitokyu Kogyo 1898.T | Japan | $318M | -4% | -5% | 7% | n/a | -15.2% | +1.1% |
| Mirbud MRB.WA | Poland | $319M | +10% | +6% | 4% | 10.3× | n/a | n/a |
| Ohmoto Gumi 1793.T | Japan | $320M | +15% | +36% | 4% | n/a | n/a | n/a |
| Tokyo Energy & Systems 1945.T | Japan | $326M | -10% | +29% | 6% | 10.4× | 3.0% | +6.9% |
| Hunan Investment 000548.SZ | China | $326M | -18% | -19% | 19% | n/a | n/a | n/a |
| KNR Constructions KNRCON.NS | India | $327M | -19% | -38% | 25% | 22.2× | n/a | n/a |
| Bondada Engineering BONDADA.NS | India | $327M | n/a | +202% | 11% | n/a | 20.0% | +58.2% |
| Capital CAPD.L | United Kingdom | $329M | -4% | +16% | 15% | 9.8× | -4.9% | +20.0% |
| J. Kumar Infraprojects JKIL.NS | India | $331M | -20% | -2% | 11% | 7.1× | -2.1% | +17.4% |
| PSP Projects PSPPROJECT.NS | India | $333M | -7% | +45% | 4% | 20.9× | 29.2% | +20.5% |