ASHOKA
Ashoka Buildcon Limited
NSE BSELast Traded Price
₹102.9
-0.3 (-0.29%)
Open
₹103
High
₹103.95
Low
₹101.7
Prev Close
₹103.2
Industry
Civil Construction
Market Cap
2889.76 Cr
Filing History
Recent corporate announcements and filings for ASHOKA
Business Update
Positive
2026-11-09 21:42
Order Win: Ashoka Buildcon Limited won order from National Highways Authority of India (NHAI)
Order Value: ₹865.90 Cr (excluding GST).
Completion Timeline: 18 months
Business Update
Positive
2026-11-09 21:35
Order Win: Ashoka Buildcon Limited received LOA from National Highways Authority of India (NHAI)
Order Value: ₹865.90 Crore (excl. GST)
Completion Timeline: 18 months
Project Details: Construction of 8-lane access-controlled Expressway from Km 128.0 to Km 154.6 of Vadodara - Mumbai Expressway on EPC mode
Business Update
Neutral
2026-11-06 17:53
- Audio recording of the Earnings Call held on November 06, 2026, is uploaded to the company's website.
- The call covered Unaudited Financial Results for the quarter and half-year ended September 30, 2026.
Business Update
Neutral
2026-11-05 23:34
- Investor presentation released for Q2 & H1 FY27 results.
- Key order wins include Angola distribution project (USD 72M), RVNL project (₹602 Cr), and NER traction project (₹290 Cr).
- Q2 FY27 Standalone Revenue rose 4% YoY to ₹1,356 Cr; EBITDA fell 16% to ₹134 Cr.
- Consolidated debt reduced to ₹2,781 Cr.
Business Update
Neutral
2026-11-05 23:18
- Standalone Total Income reached ₹1,356.2 Cr (up 4.1% YoY); EBITDA margin contracted to 9.8%.
- Total order book stood at ₹15,964 Cr as of September 30, 2026.
- Consolidated debt recorded at ₹2,781 Cr and Standalone debt at ₹1,169 Cr.
- Secured new orders/LOAs across Power T&D and Railway sectors.
Financials
Negative
2026-11-05 21:43
CRITICAL RED FLAG DETECTED
Q2 FY27 Consolidated Revenue ₹1,505Cr vs ₹1,851Cr (▼19% YoY)
EBITDA -₹109Cr vs ₹366Cr (loss vs profit)
PAT -₹119Cr vs ₹91Cr (loss vs profit)
EBITDA Margin -7.2% vs 19.8% (▼2,700bps)
Business Update
Positive
2026-11-05 19:05
Order Win: Ashoka Buildcon Limited has been declared as the Lowest Bidder (L1) by National Highways Authority of India (NHAI)
Order Value: ₹865.90 Crore (excluding GST)
Completion Timeline: 18 months
Business Update
Neutral
2026-10-31 13:56
Concall Schedule
Concall Date: November 06, 2026
Concall Time: 1:00 pm IST
Routine
Neutral
2026-10-31 11:17
- Ashoka Buildcon Limited informed the exchanges about the withdrawal of short-term debt credit rating ([ICRA] A1+) by ICRA Limited.
- The rating was withdrawn upon the company's request in accordance with ICRA's withdrawal policy.
- The company's other debt and instruments continue to be rated by other rating agencies.
Business Update
Positive
2026-10-24 10:52
- Ashoka Buildcon announced the receipt of the Provisional Certificate (COD) for a stretch of 4.221 KMs, effective October 13, 2026, for its NHAI Hybrid Annuity Mode (HAM) project in Karnataka (Package-III).
- The project is executed by its wholly-owned subsidiary, Ashoka Banwara Bettadahalli Road Private Limited.
- With this, the SPV has received Provisional Certificates for the completion of a total length of 47.196 KMs in aggregate.
Business Update
Positive
2026-10-21 17:57
- Resurgent ESG Services Private Limited has assigned an ESG score of 79.44 to Ashoka Buildcon Limited for FY 2025-26.
- The score corresponds to an 'A+'' ESG Rating, placing the company within the 'Leader' category.
- The rating recognizes the company's sustainability, environmental stewardship, and governance practices.
Routine
Positive
2026-10-19 12:35
- Ashoka Buildcon Limited has successfully paid the entire redemption amount of Rs. 100 Crore on its Commercial Papers on the due date of October 19, 2026.
- The total interest amount paid was Rs. 174.44 Lakh.
- The redemption was full and made on maturity with zero outstanding amount remaining for this ISIN (INE442H14550).
Business Update
Neutral
2026-10-17 10:04
- Ashoka Buildcon Limited has informed the exchanges that CRISIL ESG Ratings and Analytics Limited has assigned an ESG Rating of 'CRISIL ESG 60' to the Company.
- The company clarified that it did not engage the services of the rating agency for this ESG rating, which was prepared independently based on publicly available data.
Business Update
Neutral
2026-10-16 16:53
- Ashoka Buildcon Limited has informed the exchanges about being assigned an ESG Rating of '41' by ESG Risk Assessments & Insights Limited.
- The company clarified that it did not engage the rating agency for this rating; it was prepared independently using publicly available data.
Business Update
Positive
2026-10-09 19:38
- Ashoka Buildcon Limited announced the receipt of the Provisional Certificate (COD) for its NHAI Hybrid Annuity Mode (HAM) project in Karnataka.
- Commercial Operation Date (CoD) declared as October 07, 2026, for a 45.05 KM stretch.
- The SPV will receive annuity payments from NHAI every 6 months for 15 years.
Business Update
Positive
2026-10-09 17:53
Order Win: Ashoka Buildcon Limited won order from North Eastern Railway (NER)
Order Value: ₹290.23 Crore (incl. GST).
Completion Timeline: 24 months
Business Update
Neutral
2026-10-09 17:33
- Ashoka Buildcon Limited has issued 2,000 units of Commercial Papers (CPs) aggregating ₹100 Crore on October 9, 2026.
- The tenure of the CPs is 88 days with a maturity date of January 5, 2027.
- The coupon rate offered is 7.20% with upfront interest payment and principal payable on maturity.
- The CPs are unsecured and proposed to be listed on BSE Limited.
Routine
Positive
2026-10-07 17:09
- Ashoka Buildcon Limited has successfully paid the entire redemption amount of ₹100 Crore along with interest on the due date of October 07, 2026.
- Interest amount paid: ₹174.44 Lakh.
- The redemption was made for Commercial Papers (CPs) under ISIN INE442H14543 upon maturity.
Business Update
Neutral
2026-10-01 20:04
- Ashoka Buildcon has mutually agreed with the Proposed Investor to extend the indicative completion date for the sale of stake in its subsidiary, Ashoka Baswantpur Singnodi Road Private Limited (BS).
- The extension is to allow for the individual completion of certain conditions precedent and other terms outlined in the transaction documents.
- The new indicative date for completion of the transaction for BS is extended up to October 31, 2026.
Routine
Neutral
2026-09-28 11:54
- Trading window for designated persons and immediate relatives closed from October 01, 2026.
- Closure remains effective until 48 hours after declaration of Q2/H1 FY27 financial results.
- Board meeting date for declaring the results will be intimated in due course.
Governance
Neutral
2026-09-25 15:02
- Ashoka Buildcon Limited held its 33rd Annual General Meeting (AGM) on Friday, September 25, 2026, at 12:30 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
- Shareholders considered and voted on ordinary business including the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, and the re-appointment of directors retiring by rotation.
- Special business items included the ratification of remuneration for cost auditors and the re-designation of Mr. Sanjay Londhe and Mr. Ashish Kataria as Joint Managing Directors.
Business Update
Positive
2026-09-23 17:21
- Ashoka Buildcon Limited acquired 100% equity stake in Sakoli Power Transmission Limited (SPV) for a total consideration of ₹3.06 Crore.
- The SPV will establish a 400/220/132 kV AIS Sakoli Substation and Associated Transmission Lines on a Build-Own-Operate-Transfer (BOOT) basis.
- The Scheduled Date of Commercial Operation (SCOD) is 24 months from the acquisition date of September 23, 2026.
Business Update
Neutral
2026-09-15 20:35
- Ashoka Buildcon extended the completion date for selling its stake in certain subsidiaries (SPVs) and Ashoka Concessions Limited.
- The new indicative timeline for the remaining six SPVs (e.g., TS-1, TS-2, TS-3) is extended to October 31, 2026, to fulfil conditions precedent.
Governance
Neutral
2026-09-02 21:54
- Intimation of Book Closure dates for the 33rd Annual General Meeting (AGM).
- Book closure from September 19, 2026, to September 25, 2026 (both days inclusive).
- AGM scheduled on Friday, September 25, 2026, at 12:30 p.m. through Video Conferencing/OAVM.
Business Update
Positive
2026-08-29 10:13
- Order Win: Ashoka Buildcon Limited won order from Rail Vikas Nigam Limited (RVNL)
- Order Value: ₹602.16 Crore (incl. GST)
- Completion Timeline: 30 months from date of commencement
- Project Details: Supply, Erection, Testing & Commissioning of Electro Mechanical (E&M) System for tunnels T-13, T-14, T-15 & T-16 under package E-4 of Rishikesh Karnprayag New BG Rail Line Project in Uttarakhand.
Business Update
Negative
2026-08-18 17:34
CRITICAL RED FLAG DETECTED
- FY27 revenue growth guidance lowered from 20% to 10-15% due to Q1 flat performance and supply chain issues.
- FY27 EBITDA margin guidance revised to 9.5% (down 0.5%) for the year; targets 10.5-11% for FY28.
- FY27 order inflow guidance set at INR6,000-8,000 Cr, including INR800 Cr secured in Q1 and INR1,800 Cr where the company is L1.
- Asset monetization of 6 SPVs for ~INR1,150 Cr: 4 assets expected by Q2 (Sept/Oct) and 2 by Q4 (Dec) due to compliance delays.
- Expects third-party debt to reduce to INR500-600 Cr post-monetization; FY27 standalone interest cost estimated at INR225-240 Cr, further reducing to INR200-210 Cr in FY28.
- Q1 FY27 Capex was ~INR25 Cr, with a full-year target of ~INR125 Cr.
- Won a 4-laning highway project in Guyana for ~INR328 Cr and a Gems & Jewellery Park development in Raipur for INR450 Cr (51% JV stake), marking entry into industrial park development.
- Domestic highway awarding remains subdued, but expects good awarding in Q3/Q4; strong opportunities in Railways and Power T&D are being pursued.
Business Update
Positive
2026-08-13 15:37
- Order Win: Ashoka Buildcon Limited received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited.
- Project: Establishment of 400/220/132 kV AIS Sakoli (Dist. Bhandara) on Tariff Based Competitive Bidding.
- Order Value: Rs. 1265.37 Million annually for 35 years (Annual Transmission Charges).
- Completion Timeline: Establishment in 24 months, followed by 35 years of Operation & Maintenance.
Business Update
Neutral
2026-08-12 19:14
- Audio recording of the Result Update / Earnings Call for Q1 FY27 (quarter ended June 30, 2026) held on August 12, 2026, is now available on the company's website.
Financials
Negative
2026-08-11 22:17
- Q1 FY27 Consolidated Revenue ₹1,499.6Cr vs ₹1,887.1Cr (▼21% YoY)
- EBITDA ₹292.0Cr vs ₹648.6Cr (▼55% YoY)
- PAT ₹127.2Cr vs ₹226.9Cr (▼44% YoY)
- EBITDA Margin 19.0% vs 33.5% (▼1450bps)
Financials
Neutral
2026-08-11 22:08
- Q1 FY27 Standalone Total Income ₹1,320.4Cr vs ₹1,339.1Cr (▼1% YoY)
- Standalone EBITDA ₹125.5Cr vs ₹150.7Cr (▼17% YoY)
- Standalone PAT ₹31.5Cr vs ₹30.6Cr (▲3% YoY)
- Standalone EBITDA Margin 9.5% vs 11.3% (▼180bps)
- Total Order Book as of June 30, 2026, is ₹15,251Cr.
- Received Letter of Acceptance (LOA) for Gems & Jewellery Park development in Chhattisgarh (51% JV stake).
- Received LOA for Four Lane Highway construction in Guyana valued at USD 35.42 million.
- Settled NHAI show cause notice by paying ₹1.04Cr, leading to withdrawal of suspension and confirmation of no debarment.
- Diluted stake in Ashoka Purestudy Technologies Private Limited from 59% to 39.33%, making it an Associate Company.
- Consolidated Debt is ₹2,773Cr.
- Timelines for the sale of 6 SPVs of Ashoka Concessions Limited extended to September 2026.
Financials
Negative
2026-08-11 21:22
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹1,499.61Cr vs ₹1,887.07Cr (▼20.5% YoY)
- EBITDA ₹257.82Cr vs ₹598.92Cr (▼57.0% YoY)
- PAT ₹127.17Cr vs ₹226.89Cr (▼44.0% YoY)
- EBITDA Margin 17.19% vs 31.74% (▼1455bps)
- The Board approved the re-designation of Mr. Sanjay Prabhakar Londhe and Mr. Ashish Ashok Kataria from Whole-time Directors to Joint Managing Directors, effective August 11, 2026.
- The company is involved in an ongoing sub-judice regulatory matter with the CBI regarding alleged bribery and project irregularities.
- Divestment of the entire stake in certain HAM subsidiaries and GVR Ashoka Chennai ORR Limited, which are classified as held for sale.
- The Group's stake in Ashoka Purestudy Technologies Private Limited reduced from 59% to 39.33%, making it an associate instead of a subsidiary.