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Buy Ashoka Buildcon Ltd For Target Rs.155 - JM Financial Institutional Securities Ashoka Buildcon’s (ABL) 1QFY24 PAT at INR 164mn was sharply below estimate of INR 656mn (consensus: INR 954mn) due to one-time provision of INR 560mn for NTPC solar contract. Revenue grew by 3.6% YoY to INR 15.3bn. EBITDA fell by 51% YoY to INR 702mn. EBITDA margin declined sharply by 520bps YoY to 4.6%. Adjusted for one-time provision, it stood at 8.2% (estimate: 7.7%). ABL has lowered its FY24 guidance for revenue growth to 15% (earlier: c.20%), EBITDA margins to 8-8.5% (earlier: 8.75...
Buy Ashoka Buildcon Ltd For Target Rs.155 - JM Financial Institutional Securities
Buy Ashoka Buildcon Ltd For Target Rs.155 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
29/08/2023 2:31:21 PM
Buy Ashoka Buildcon Ltd For Target Rs.142 - Yes Securities Our view Ashoka Buildcon Ltd (ASBL) 1QFY24 results were in-line overall where revenues grew 3% YoY at Rs19.3bn supported by 7% growth in construction segment. EBITDA margins contracted ~134bp YoY at 24.5% due to 1) de-growth in toll revenue and 2) higher raw material prices. Order book (OB) remains strong at stands at Rs169.2bn (~2.1x TTM revenue). The balance equity requirement for HAM assets as of June’23 stands at Rs1.7bn, of which Rs 1.1/0.6bn would be infused in FY24E/25E. For A...
Buy Ashoka Buildcon Ltd For Target Rs.142 - Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.142 - Yes Securities
Source: Yes Securities Ltd
24/08/2023 2:19:57 PM
Buy Ashoka Buildcon Ltd For Target Rs.142 - Yes Securities Long way to become asset light Our view Ashoka Buildcon Ltd (ASBL) 1QFY24 results were in-line overall where revenues grew 3% YoY at Rs19.3bn supported by 7% growth in construction segment. EBITDA margins contracted ~134bp YoY at 24.5% due to 1) de-growth in toll revenue and 2) higher raw material prices. Order book (OB) remains strong at stands at Rs169.2bn (~2.1x TTM revenue). The balance equity requirement for HAM assets as of June’23 stands at Rs1.7bn, of which Rs 1.1/0.6bn wo...
Buy Ashoka Buildcon Ltd For Target Rs.142 - Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.142 - Yes Securities
Source: Yes Securities Ltd
22/08/2023 2:55:43 PM
Buy Ashoka Buildcon Ltd For Target Rs.148 - Yes Securities Asset monetization remains an overhang Our view Ashoka Buildcon Ltd (ASBL) reported a mixed set of numbers, with a strong revenue growth of 25% YoY to Rs24.5bn led by robust execution under construction projects while EBITDA margins remained under pressure. The margin is expected to remain in the range of 8.5 – 9.3% in FY24E, owing to new orders bagged at competitive pricing. The sale of five ACL BOT projects has been terminated due to delays in NHAI approval for Dhankuni Karagpur...
Buy Ashoka Buildcon Ltd For Target Rs.148 - Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.148 - Yes Securities
Source: Yes Securities Ltd
14/06/2023 2:34:16 PM
Ashoka Buildcon surges on receiving NoA from NBPDCL Ashoka Buildcon is currently trading at Rs. 80.05, up by 2.19 points or 2.81% from its previous closing of Rs. 77.86 on the BSE. The scrip opened at Rs. 79.01 and has touched a high and low of Rs. 80.40 and Rs. 78.58 respectively. So far 40303 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 95.70 on 08-Sep-2022 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 80...
Ashoka Buildcon surges on receiving NoA from NBPDCL
Ashoka Buildcon surges on receiving NoA from NBPDCL
Source: Accord Fintech
8/03/2023 10:46:50 AM
Ashoka Buildcon zooms on signing SPA with Mahanagar Gas to sell 100% stake in Unison Enviro Ashoka Buildcon is currently trading at Rs. 78.15, up by 2.04 points or 2.68% from its previous closing of Rs. 76.11 on the BSE. The scrip opened at Rs. 76.56 and has touched a high and low of Rs. 79.39 and Rs. 76.56 respectively. So far 136944 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 95.70 on 08-Sep-2022 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 7...
Ashoka Buildcon zooms on signing SPA with Mahanagar Gas to sell 100% stake in Unison Enviro
Ashoka Buildcon zooms on signing SPA with Mahanagar Gas to sell 100% stake in Unison Enviro
Source: Accord Fintech
6/03/2023 12:52:22 PM
Buy Ashoka Buildcon Ltd For Target Rs.141- Yes Securities Strong execution Our view Ashoka Buildcon Ltd (ASBL) reported a mixed set of numbers, with strong revenue growth of 36% YoY to Rs19.6bn led by robust execution while EBITDA margins remained under pressure. The margin is expected to remain in the range of 9 - 10% in FY23E, impacted by the project mix. The sale of five ACL BOT is Rs13.4bn and the consideration of the same has been extended to Q2FY24E as approvals from various authorities is yet to receive. The Chennai ORR sale deal with N...
Buy Ashoka Buildcon Ltd For Target Rs.141- Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.141- Yes Securities
Source: Yes Securities Ltd
22/02/2023 12:11:15 PM
Ashoka Buildcon jumps on emerging as lowest bidder for Bihar project Ashoka Buildcon is currently trading at Rs. 89.50, up by 3.35 points or 3.89% from its previous closing of Rs. 86.15 on the BSE. The scrip opened at Rs. 88.55 and has touched a high and low of Rs. 90.90 and Rs. 87.50 respectively. So far 115581 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 106.75 on 13-Jan-2022 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. ...
Ashoka Buildcon jumps on emerging as lowest bidder for Bihar project
Ashoka Buildcon jumps on emerging as lowest bidder for Bihar project
Source: Accord Fintech
9/01/2023 10:19:27 AM
Ashoka Buildcon rises on bagging projects worth Rs 754.57 crore Ashoka Buildcon is currently trading at Rs. 89.30, up by 1.15 points or 1.30% from its previous closing of Rs. 88.15 on the BSE. The scrip opened at Rs. 90.50 and has touched a high and low of Rs. 91.85 and Rs. 89.15 respectively. So far 299522 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 108.50 on 05-Jan-2022 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. ...
Ashoka Buildcon rises on bagging projects worth Rs 754.57 crore
Ashoka Buildcon rises on bagging projects worth Rs 754.57 crore
Source: Accord Fintech
29/12/2022 11:33:53 AM
Buy Ashoka Buildcon For Target Rs. 147 - Anand Rathi Shares and Stock Brokers Execution continues, margins soft; maintaining a Buy Ashoka's Q2 was marked by consistent execution and healthy additions, but it was not without flaws. The margin contracted for the fifth straight quarter, and the q/q lower scale did not lead to any lower leverage. The H2 expected better payment cycle and monetisation proceeds could mean Ashoka’s balance sheet strengthens sooner than later, but margins are unlikely to return to past highs (on keener competition and softer-margin...
Buy Ashoka Buildcon For Target Rs. 147 - Anand Rathi Shares and Stock Brokers
Buy Ashoka Buildcon For Target Rs. 147 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
20/12/2022 12:12:38 PM
Ashoka Buildcon gains on receiving LoA from NHAI for Kerala project Ashoka Buildcon is currently trading at Rs. 81.50, up by 0.40 points or 0.49% from its previous closing of Rs. 81.10 on the BSE. The scrip opened at Rs. 81.75 and has touched a high and low of Rs. 83.00 and Rs. 80.35 respectively. So far 97429 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 108.50 on 05-Jan-2022 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 8...
Ashoka Buildcon gains on receiving LoA from NHAI for Kerala project
Ashoka Buildcon gains on receiving LoA from NHAI for Kerala project
Source: Accord Fintech
2/12/2022 3:40:45 PM
Ashoka Buildcon soars on emerging lowest bidder for NHAI Kerala project   Ashoka Buildcon is currently trading at Rs. 79.00, up by 2.20 points or 2.86% from its previous closing of Rs. 76.80 on the BSE. The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 79.55 and Rs. 77.00 respectively. So far 98726 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 108.50 on 05-Jan-2022 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stoo...
Ashoka Buildcon soars on emerging lowest bidder for NHAI Kerala project
Ashoka Buildcon soars on emerging lowest bidder for NHAI Kerala project
Source: Accord Fintech
30/11/2022 12:17:13 PM
Buy Ashoka Buildcon Ltd For Target Rs.141 - Yes Securities Strong execution Our view Ashoka Buildcon Ltd (ASBL) reported a mixed set of numbers, with a strong revenue growth of 43% YoY to Rs18.1bn led by robust execution while EBiTDA margins remained under pressure. The margin is expected to remain in the range of 9 ? 10% in FY23E, impacted by the project mix. The five ACL BOT sales worth Rs13.4bn are expected to conclude by Q3 and the Jaora BOT asset sale is expected to monetize in FY23 end. The Chennai ORR sale deal with NIIF is exp...
Buy Ashoka Buildcon Ltd For Target Rs.141 - Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.141 - Yes Securities
Source: Yes Securities Ltd
24/11/2022 1:45:30 PM
Update on Ashoka Buildcon Ltd By ICICI Direct Dropping coverage… About the stock: Ashoka Buildcon (ABL) is primarily engaged in the construction of roads and bridges having an integrated portfolio of EPC, BOT and HAM projects. Besides roads construction, ABL also has an established presence across varied infra verticals such as power transmission, railways, city gas distribution.   Q2FY23 Results: ABL reported a weak operational performance during Q2FY23. * Standalone revenue improved 46.2% YoY to | 1,479 crore ai...
Update on Ashoka Buildcon Ltd By ICICI Direct
Update on Ashoka Buildcon Ltd By ICICI Direct
Source: ICICI Direct
18/11/2022 2:23:54 PM
Ashoka Buildcon Ltd : Execution continues, margins soft; maintaining a Buy - Anand Rathi Share and Stock Brokers Execution continues, margins soft; maintaining a Buy Ashoka's Q2 was marked by consistent execution and healthy additions, but it was not without flaws. The margin contracted for the fifth straight quarter, and the q/q lower scale did not lead to any lower leverage. The H2 expected better payment cycle and monetisation proceeds could mean Ashoka’s balance sheet strengthens sooner than later, but margins are unlikely to return to past highs (on keener competition and softer-margin...
Ashoka Buildcon Ltd : Execution continues, margins soft; maintaining a Buy - Anand Rathi Share and Stock Brokers
Ashoka Buildcon Ltd : Execution continues, margins soft; maintaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd.
16/11/2022 2:01:51 PM
Hold Ashoka Buildcon Ltd For Target Rs. 80 - ICICI Direct Subdued margin performance continues… About the stock: Ashoka Buildcon (ABL) is primarily engaged in the construction of roads and bridges having an integrated portfolio of EPC, BOT and HAM projects. Besides roads construction, ABL also has an established  presence across varied infra verticals such as power transmission, railways, city gas distribution. * Diversified order book, decent execution capabilities, expected pick-up in execution, and focus on debt reduction and wo...
Hold Ashoka Buildcon Ltd For Target Rs. 80 - ICICI Direct
Hold Ashoka Buildcon Ltd For Target Rs. 80 - ICICI Direct
Source: ICICI direct
26/09/2022 4:26:00 PM
Ashoka Buildcon shines on securing LoA from South Western Railway Ashoka Buildcon is currently trading at Rs. 84.25, up by 1.80 points or 2.18% from its previous closing of Rs. 82.45 on the BSE. The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 87.00 and Rs. 83.85 respectively. So far 61967 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 13-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 9...
Ashoka Buildcon shines on securing LoA from South Western Railway
Ashoka Buildcon shines on securing LoA from South Western Railway
Source: Accord Fintech s
22/09/2022 10:35:34 AM
Buy Ashoka Buildcon Ltd For Target Rs.149 - Yes Securities EPC execution drives revenue Our view Ashoka Buildcon Ltd (ASBL) reported a mixed set of numbers, with a strong revenue growth of 46% YoY to Rs18.8bn led by robust execution. EBITDA margins remained under pressure owing to higher proportion of EPC projects.  For monetization of Jaora Nayagaon, management is in advance stage and the deal is expected to be announced in couple of weeks. Order inflow came in at Rs7.7bn in 1Q and management expects additional order inflow of Rs60?8...
Buy Ashoka Buildcon Ltd For Target Rs.149 - Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.149 - Yes Securities
Source: Yes Securities Ltd
12/08/2022 1:16:19 PM
Ashoka Buildcon surges on getting LoA from East Central Railway Ashoka Buildcon is currently trading at Rs. 76.45, up by 1.20 points or 1.59% from its previous closing of Rs. 75.25 on the BSE. The scrip opened at Rs. 76.35 and has touched a high and low of Rs. 77.65 and Rs. 76.20 respectively. So far 38540 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 13-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 7...
Ashoka Buildcon surges on getting LoA from East Central Railway
Ashoka Buildcon surges on getting LoA from East Central Railway
Source: Accord Fintech
4/08/2022 10:56:48 AM
Ashoka Buildcon jumps after its JV emerges as lowest bidder for Jodhpur Project Ashoka Buildcon is currently trading at Rs. 74.60, up by 1.95 points or 2.68% from its previous closing of Rs. 72.65 on the BSE. The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.60 and Rs. 73.75 respectively. So far 25123 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 7...
Ashoka Buildcon jumps after its JV emerges as lowest bidder for Jodhpur Project
Ashoka Buildcon jumps after its JV emerges as lowest bidder for Jodhpur Project
Source: Accord Fintech
4/07/2022 11:39:19 AM
Ashoka Buildcon trades higher on inking contract agreement with govt of co-operative Republic of Guyana Ashoka Buildcon is currently trading at Rs. 73.25, up by 1.30 points or 1.81% from its previous closing of Rs. 71.95 on the BSE. The scrip opened at Rs. 74.50 and has touched a high and low of Rs. 74.90 and Rs. 73.20 respectively. So far 22466 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 7...
Ashoka Buildcon trades higher on inking contract agreement with govt of co-operative Republic of Guyana
Ashoka Buildcon trades higher on inking contract agreement with govt of co-operative Republic of Guyana
Source: Accord Fintech
27/06/2022 10:48:45 AM
Ashoka Buildcon gains on getting LoA from Government of the co-operative Republic of Guyana Ashoka Buildcon is currently trading at Rs. 86.35, up by 0.25 points or 0.29% from its previous closing of Rs. 86.10 on the BSE. The scrip opened at Rs. 86.25 and has touched a high and low of Rs. 87.45 and Rs. 84.55 respectively. So far 78984 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022. Last one week high and low of the scrip stood at Rs. 8...
Ashoka Buildcon gains on getting LoA from Government of the co-operative Republic of Guyana
Ashoka Buildcon gains on getting LoA from Government of the co-operative Republic of Guyana
Source: Accord Fintech
7/06/2022 11:34:58 AM
Buy Ashoka Buildcon Ltd For Target Rs.149 - Yes Securities Healthy order inflows Our view Ashoka Buildcon Ltd (ASBL) 4Q performance was healthy with revenues and margins coming above our estimates.  On the back of recovery in economic activity and healthy pick up in toll revenues, the company expects sharp rebound and has retained their earlier guidance of revenue 20‐25% YoY in FY23 with EBITDAM in the range of 11‐ 12%. With the help of monetization of 6 road assets and further planned disinvestment of existing road portfolio, we expe...
Buy Ashoka Buildcon Ltd For Target Rs.149 - Yes Securities
Buy Ashoka Buildcon Ltd For Target Rs.149 - Yes Securities
Source: Yes Securities Ltd
27/05/2022 10:42:37 AM
Ashoka Buildcon rises on emerging as lowest bidder for NHAI project Ashoka Buildcon is currently trading at Rs. 87.00, up by 0.80 points or 0.93% from its previous closing of Rs. 86.20 on the BSE. The scrip opened at Rs. 86.70 and has touched a high and low of Rs. 88.00 and Rs. 86.70 respectively. So far 60462 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021. Last one week high and low of the scrip stood at Rs. 9...
Ashoka Buildcon rises on emerging as lowest bidder for NHAI project
Ashoka Buildcon rises on emerging as lowest bidder for NHAI project
Source: Accord Fintech
30/03/2022 11:30:16 AM
Buy Ashoka Buildcon Ltd For Target Rs.150 - Motilal Oswal Execution in line; margin below our estimates Robust order book to drive execution further Ashoka Buildcon (ASBL)’s revenue grew 13% YoY (20% QoQ) to INR11b in 3QFY22 and was 4% below our estimate. EBITDA margin contracted 60bp QoQ to 10.9% (below our estimate of 11.8%). EBITDA grew 14% YoY to INR1.2b (est. INR1.4b), while PAT dropped 11% to INR0.76b (est. INR1b) OB stood at ~INR123b (excluding recently won projects of INR22b), with an OB/revenue ratio of ~2.4x, providing comfo...
Buy Ashoka Buildcon Ltd For Target Rs.150 - Motilal Oswal
Buy Ashoka Buildcon Ltd For Target Rs.150 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/03/2022 2:23:56 PM
Buy Ashoka Buildcon Ltd For Target Rs.200 - Centrum Broking   Leaving baggage behind; on the growth path Ashoka Buildcon’s (ABL) Q3FY22 earnings missed estimates due to lower margins/ other income. Recurring PAT declined 11% YoY to Rs760m (estimate: Rs1bn). Reported loss stood at Rs6.9bn as it includes impairment of Rs7.7bn upon finalisation of sale of 5 SPVs to KKR (higher than Rs5.5-6bn previously indicated due to final adjustments). Wcap/debt rose QoQ due to timing mismatch in payments in HAM projects and delayed payments in Jharkh...
Buy Ashoka Buildcon Ltd For Target Rs.200 - Centrum Broking
Buy Ashoka Buildcon Ltd For Target Rs.200 - Centrum Broking
Source: Centrum Broking Ltd
26/02/2022 11:47:48 AM
Ashoka Buildcon trades jubilantly on receiving LoA worth Rs 692.50 crore Ashoka Buildcon is currently trading at Rs. 89.40, up by 7.55 points or 9.22% from its previous closing of Rs. 81.85 on the BSE. The scrip opened at Rs. 85.10 and has touched a high and low of Rs. 89.80 and Rs. 85.10 respectively. So far 93087 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021. Last one week high and low of the scrip stood at Rs. 9...
Ashoka Buildcon trades jubilantly on receiving LoA worth Rs 692.50 crore
Ashoka Buildcon trades jubilantly on receiving LoA worth Rs 692.50 crore
Source: Accord Fintech
25/02/2022 2:18:29 PM
Ashoka Buildcon declines despite reporting over 4-fold jump in Q3 consolidated net profit Ashoka Buildcon is currently trading at Rs. 92.55, down by 1.70 points or 1.80% from its previous closing of Rs. 94.25 on the BSE. The scrip opened at Rs. 95.00 and has touched a high and low of Rs. 95.00 and Rs. 90.10 respectively. So far 99034 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021. Last one week high and low of the scrip stood at Rs....
Ashoka Buildcon declines despite reporting over 4-fold jump in Q3 consolidated net profit
Ashoka Buildcon declines despite reporting over 4-fold jump in Q3 consolidated net profit
Source: Accord Fintech
14/02/2022 10:40:57 AM
Ashoka Buildcon surges on getting LoA for project in Karnataka Ashoka Buildcon is currently trading at Rs. 95.35, up by 1.55 points or 1.65 % from its previous closing of Rs. 93.80 on the BSE. The scrip opened at Rs. 92.70 and has touched a high and low of Rs. 96.60 and Rs. 91.20 respectively. So far 96491 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021. Last one week high and low of the scrip stood at Rs. ...
Ashoka Buildcon surges on getting LoA for project in Karnataka
Ashoka Buildcon surges on getting LoA for project in Karnataka
Source: Accord Fintech
25/01/2022 11:38:01 AM
Ashoka Buildcon gains on emerging as lowest bidder for project in Karnataka Ashoka Buildcon is currently trading at Rs. 104.55, up by 0.10 points or 0.10% from its previous closing of Rs. 104.45 on the BSE. The scrip opened at Rs. 104.45 and has touched a high and low of Rs. 106.75 and Rs. 103.60 respectively. So far 114840 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 13-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021. Last one week high and low of the scrip stood at...
Ashoka Buildcon gains on emerging as lowest bidder for project in Karnataka
Ashoka Buildcon gains on emerging as lowest bidder for project in Karnataka
Source: Accord Fintech
14/01/2022 11:47:31 AM
Buy Ashoka Buildcon Ltd For Target Rs 175 - Motilal Oswal Divestment of BOT toll assets removes a big overhang * Ashoka Buildcon’s subsidiary Ashoka Concessions has entered into a share purchase agreement with Galaxy Investments II Pte, a KKR entity, for the sale of its entire stake in five toll assets for INR13.3b. * Of this, INR12b would be used to provide an exit to SBI Macquarie for its stake in Ashoka Concessions. Post regulatory approvals, the deal is expected to be closed by Sep’22. SBI Macquarie’s exit has been p...
Buy Ashoka Buildcon Ltd For Target Rs 175 - Motilal Oswal
Buy Ashoka Buildcon Ltd For Target Rs 175 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/12/2021 11:19:16 AM
Buy Ashoka Buildcon Ltd For Target Rs.145 - Edelweiss Financial Services Improving order book brings cheer Ashoka Buildcon (ABL) posted 5% YoY top-line growth in Q2FY22 (down 9% QoQ). EBITDA margin decreased 340bps YoY, which dragged PAT 9% YoY. Recovery in toll revenue continued (up 8% YoY). The company won orders worth ~INR33bn during the quarter, taking its order book to ~INR119bn (2.8x book-to-bill). This has addressed a key investor concern, in our view. And ABL renegotiated its agreement with SBI-Macquarie (SBI-M), capping the assured return to SBI-M at ~...
Buy Ashoka Buildcon Ltd For Target Rs.145 - Edelweiss Financial Services
Buy Ashoka Buildcon Ltd For Target Rs.145 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
10/12/2021 11:51:34 AM
Buy Ashoka Buildcon Ltd : Reduction in assured IRR to SBI-M lowers burden - Centrum Broking Buy Ashoka Buildcon Ltd For Target Rs.200 Reduction in assured IRR to SBI-M lowers burden Event Ashoka Buildcon (ABL) has signed a revised agreement with SBI-Macquarie (SBI-M) in respect of SBI-M’s Rs8bn investment in ACL. The revised agreement caps the assured valuation at ~Rs12bn (till Dec-21) from Rs15.3bn earlier, thereby lowering the burden for ABL by Rs3.3bn (10% of market cap) – positive for ABL. Maintain BUY. * SBI-M invested Rs8bn in ACL over Jan-13 to Dec-15 ...
Buy Ashoka Buildcon Ltd : Reduction in assured IRR to SBI-M lowers burden - Centrum Broking
Buy Ashoka Buildcon Ltd : Reduction in assured IRR to SBI-M lowers burden - Centrum Broking
Source: Centrum Broking Ltd
19/10/2021 9:24:19 AM
Buy Ashoka Buildcon Ltd For Target Rs.182 - ICICI Securities Order wins crucial going ahead Ashoka Buildcon’s (ASBL) Q1FY22 standalone EPC revenue was up 77% YoY to Rs10.1bn driven by improved execution across roads segment. While ASBL’s order book of Rs95bn (2.4x FY21 EPC revenue) remains healthy, incremental order wins and monetisation of BOT road assets in Ashoka Concession Ltd. (ACL) remain key triggers for the stock. ASBL is targeting fresh order wins of Rs60-70bn in FY22E (Rs30bn achieved in Q1FY22) on the back of improved ordering...
Buy Ashoka Buildcon Ltd For Target Rs.182 - ICICI Securities
Buy Ashoka Buildcon Ltd For Target Rs.182 - ICICI Securities
Source: ICICI Securities
6/10/2021 9:57:17 AM
Buy Ashoka Buildcon Ltd For Target Rs.160 - Motilal Oswal Strong performance led by revenue beat Ordering activity and toll collection to gain momentum * ASBL’s demonstrated strong operating performance, with 1QFY22 revenue growth of ~77% YoY (38% ahead of our estimate). EBITDA came in at INR1.2b, 49% ahead of our estimate, led by a higher revenue and EBITDA margin (90bp above our expectation). As a result of lower depreciation and higher other income v/s our estimate, adjusted PAT came in at INR1b, 123% ahead of our expectation. * In...
Buy Ashoka Buildcon Ltd For Target Rs.160 - Motilal Oswal
Buy Ashoka Buildcon Ltd For Target Rs.160 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/09/2021 11:16:11 AM
Buy Ashoka Buildcon Ltd For Target Rs. 182 - ICICI Securities Order wins crucial going ahead Ashoka Buildcon’s (ASBL) Q4FY21 standalone EPC revenue was up 20% YoY and 41% QoQ to Rs13.8bn driven by improved execution across roads segment. While ASBL’s order book of Rs81bn (1.8x FY21 EPC revenue) remains healthy, incremental order wins and monetisation of BOT road assets in Ashoka Concession Ltd. (ACL) remain key triggers for the stock. ASBL is targeting fresh order wins of Rs40-50bn in FY22E on the back of improved ordering outlook for roa...
Buy Ashoka Buildcon Ltd For Target Rs. 182 - ICICI Securities
Buy Ashoka Buildcon Ltd For Target Rs. 182 - ICICI Securities
Source: ICICI Securities
16/07/2021 10:03:15 AM
Buy Ashoka Buildcon Ltd For Target Rs.145 - Motilal Oswal Execution inline; order book visibility augurs well for revenue Labor availability and execution scaling back to pre-COVID levels * Ashoka Buildcon (ASBL)’s 4QFY21 revenue increased ~11% YoY, in line with our estimate. EBITDA stood 15% above our estimate, led by a higher EBITDA margin (150bp above our expectation) on account of the reversal of ECL provisions in some power projects. As a result of lower depreciation, coupled with higher other income, adjusted PAT declined 9% YoY an...
Buy Ashoka Buildcon Ltd For Target Rs.145 - Motilal Oswal
Buy Ashoka Buildcon Ltd For Target Rs.145 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
10/07/2021 10:52:30 AM
Hold Ashoka Buildcon Ltd For Target Rs. 110 - ICICI Direct Asset monetisation key ahead… Ashoka Buildcon (ABL) reported decent standalone revenue growth of 10.5% at | 1387 crore on a benign base (~4% decline in Q4FY20). Reported EBITDA margins at 14.5% were higher owing to year end reversal of provision and ECS as projects came to an end as well as Price Index Multiple (PIM) being passed on to the EPC arm on achieving milestone. On a normalised project level, the company indicated that margin was in the range of 12-12.5%. PAT at | 149.2 cro...
Hold Ashoka Buildcon Ltd For Target Rs. 110 - ICICI Direct
Hold Ashoka Buildcon Ltd For Target Rs. 110 - ICICI Direct
Source: ICICI Direct
7/07/2021 11:36:28 AM
MTF Stock Pick Buy Ashoka Buildcon​​​​​​​ Ltd For Target Rs. 116 - HDFC Securities  MTF Stock Pick  Buy Ashoka Buildcon Ltd  For Target Rs. 116 - HDFC Securities  TECHNICAL OBSERVATIONS After falling from a high of 118 touched in February 2021, Ashoka Buildcon found support around the 78 levels. These levels also coincided with the 50 week SMA, indicating it is a strong support. The stock has since then been gradually rising and making higher tops and higher bottoms over the last few weeks. Today, the stock has broken out of the 91-9...
MTF Stock Pick Buy Ashoka Buildcon​​​​​​​ Ltd For Target Rs. 116 - HDFC Securities 
MTF Stock Pick Buy Ashoka Buildcon​​​​​​​ Ltd For Target Rs. 116 - HDFC Securities 
Source: HDFC Securities Ltd
9/06/2021 1:38:59 PM
Ashoka Buildcon shines on receiving Letter of Acceptance from Fahi Dhiriulhun Corporation Ashoka Buildcon is currently trading at Rs. 93.80, up by 1.45 points or 1.57% from its previous closing of Rs. 92.35 on the BSE. The scrip opened at Rs. 95.30 and has touched a high and low of Rs. 95.30 and Rs. 93.55 respectively. So far 38321 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 118.65 on 17-Feb-2021 and a 52 week low of Rs. 48.70 on 29-May-2020. Last one week high and low of the scrip stood at Rs. 9...
Ashoka Buildcon shines on receiving Letter of Acceptance from Fahi Dhiriulhun Corporation
Ashoka Buildcon shines on receiving Letter of Acceptance from Fahi Dhiriulhun Corporation
Source: Accord Fintech
28/05/2021 11:04:13 AM
MTF Stock Pick  Buy Ashoka Buildcon Ltd For Target Rs. 98 - HDFC Securities MTF Stock Pick  Buy Ashoka Buildcon Ltd For Target Rs. 98 - HDFC Securities  TECHNICAL OBSERVATIONS The attached weekly timeframe chart of Ashoka Buildcon Ltd signal an important bottom reversal pattern at Rs 79 in mid part of May 21. The stock price has reversed up of a couple of months down trend and showed sustainable upside bounce in the last week and follow-through upmove so far this week. Previously for few occasions we observe an emergence...
MTF Stock Pick  Buy Ashoka Buildcon Ltd For Target Rs. 98 - HDFC Securities
MTF Stock Pick  Buy Ashoka Buildcon Ltd For Target Rs. 98 - HDFC Securities
Source: HDFC Securities Ltd
24/05/2021 1:08:17 PM
Ashoka Buildcon gains on bagging LoA from G-RIDE Ashoka Buildcon is currently trading at Rs. 95.75, up by 6.80 points or 7.64% from its previous closing of Rs. 88.95 on the BSE. The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 98.00 and Rs. 92.50 respectively. So far 51237 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 118.65 on 17-Feb-2021 and a 52 week low of Rs. 48.70 on 29-May-2020. Last one week high and low of the scrip stood at Rs. 9...
Ashoka Buildcon gains on bagging LoA from G-RIDE
Ashoka Buildcon gains on bagging LoA from G-RIDE
Source: Accord Fintech
16/04/2021 10:39:16 AM
Buy Ashoka Buildcon Ltd For Target Rs.182 - ICICI Securities Order wins crucial going ahead Ashoka Buildcon’s (ASBL) Q3FY21 standalone EPC revenue was flat on YoY basis and up 12% QoQ to Rs9.8bn. While ASBL’s order book of Rs92bn (2.2x FY20 EPC revenue) remains healthy, incremental order wins and monetisation of BOT road assets in Ashoka Concession Ltd. (ACL) remain key triggers for the stock. ASBL is targeting Rs20-30bn of new order wins in Q4FY21 and Rs50-60bn in FY22E on the back of improved ordering outlook for road projects. We mai...
Buy Ashoka Buildcon Ltd For Target Rs.182 - ICICI Securities
Buy Ashoka Buildcon Ltd For Target Rs.182 - ICICI Securities
Source: ICICI Securities Ltd
10/03/2021 9:46:44 AM
Hold Ashoka Buildcon Ltd For Target Rs.110 - ICICI Direct Weak execution; muted order inflows Ashoka Buildcon (ABL) reported a weaker-than-expected performance during Q3FY21 wherein standalone revenue were flattish YoY at | 981 crore largely impacted by delays in appointed dates (AD) in certain HAM, EPC projects. Also, its operating margin declined 188 bps YoY to 10.8%, owing to a muted topline performance, unfavourable change in project mix and deferral of profitability recognition in some projects. At the PAT level, weak operating show transla...
Hold Ashoka Buildcon Ltd For Target Rs.110 - ICICI Direct
Hold Ashoka Buildcon Ltd For Target Rs.110 - ICICI Direct
Source: ICICI Direct
2/03/2021 12:31:26 PM
Buy Ashoka Buildcon Ltd For Target Rs. 175 - HDFC Securities Monetisation awaited Ashoka Buildcon (ASBL) reported APAT at Rs 856mn (+0%/-18% YoY/QoQ), missing our estimates by 5.4% despite 5% execution beat on lower-thanexpected margins. Labour availability has now fully normalised. Toll collections have also surpassed pre-COVID levels. ASBL didn’t win any major orders during the quarter (order book Rs 91.5bn). Low net D/E of ~0.1x and comfortable liquidity provide comfort. We maintain BUY on Ashoka Buildcon (ASBL) with an unchanged target pri...
Buy Ashoka Buildcon Ltd For Target Rs. 175 - HDFC Securities
Buy Ashoka Buildcon Ltd For Target Rs. 175 - HDFC Securities
Source: HDFC Securities Ltd
25/02/2021 9:29:47 AM