| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,500 | 1,887 | −20.5% |
| EBITDA | 258 | 599 | −56.9% |
| EBITDA margin | 17.2% | 31.7% | −14.5 pts |
| Profit before tax | 173 | 299 | −42.2% |
| Net profit | 127 | 227 | −44.0% |
| EPS | ₹4.55 | ₹7.74 | −41.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,701 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 603 | 603 | 377 | 559 | 174 | ||
| −3.2 | −3.2 | 244 | 204 | 220 | ||
| 1,511 | 1,511 | 3,855 | 5,443 | 1,906 | ||
| 3,606 | — | — | — | — | ||
| 7,132 | 7,520 | 10,037 | 9,798 | 8,100 | ||
| — | −25.1% | +2.4% | +21.0% | — | ||
| 1,542 | 1,882 | 2,920 | 2,252 | 1,969 | ||
| 21.6% | 25.0% | 29.1% | 23.0% | 24.3% | ||
| 1,383 | 1,722 | 2,630 | 1,885 | 1,628 | ||
| 2,476 | 2,576 | 1,734 | 521 | 373 | ||
| 34.7% | 34.3% | 17.3% | 5.3% | 4.6% | ||
| ₹87.49 | ₹90.84 | ₹60.35 | ₹17.92 | ₹13.23 | ||
| — | +50.5% | +236.7% | +35.5% | — | ||
| — | 655 | 1,692 | 767 | 492 | ||
| — | −117 | −156 | −146 | −179 | ||
| 537 | 537 | 1,536 | 621 | 313 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,701.1 | |
| - Cash, Equiv & ST Investments | 174.0 | 559.4 | 376.5 | 602.7 | 602.7 | |
| + Minority Interest | 220.2 | 204.3 | 243.8 | -3.2 | -3.2 | |
| + Total Debt | 1,906.0 | 5,442.9 | 3,855.1 | 1,510.6 | 1,510.6 | |
| Enterprise Value | — | — | — | — | 3,605.9 | |
| Revenue | 8,100.5 | 9,798.5 | 10,036.6 | 7,519.9 | 7,132.4 | |
| Growth %, YoY | — | +21.0 | +2.4 | -25.1 | — | |
| EBITDA | 1,968.8 | 2,251.5 | 2,920.1 | 1,882.3 | 1,541.6 | |
| Margin % | 24.30 | 22.98 | 29.09 | 25.03 | 21.61 | |
| EBIT | 1,627.7 | 1,884.9 | 2,630.4 | 1,721.7 | 1,383.1 | |
| Net Income | 372.9 | 521.2 | 1,733.6 | 2,575.8 | 2,476.1 | |
| Margin % | 4.60 | 5.32 | 17.27 | 34.25 | 34.72 | |
| EPS, Adj (current shares) | 13.23 | 17.92 | 60.35 | 90.84 | 87.49 | |
| Growth %, YoY | — | +35.5 | +236.7 | +50.5 | — | |
| Cash from Operations | 492.2 | 766.8 | 1,692.1 | 654.6 | — | |
| Capital Expenditures | -178.9 | -146.2 | -156.0 | -117.2 | — | |
| Free Cash Flow | 313.4 | 620.6 | 1,536.0 | 537.4 | 537.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ashoka Buildcon (NSE: ASHOKA) had a market capitalisation of ₹2,778 crore at the 29 October 2026 close (₹98.97 a share), a PE ratio of 1.1 on the last four quarters' profit and a price-to-book ratio of 0.42. In FY26 its consolidated net profit attributable to shareholders was ₹2,550 crore on revenue of ₹7,520 crore; in Q1 FY27 (April–June 2026) it was ₹123 crore, down 45.6% year on year. Its debt-to-equity ratio was 0.23 on 31 March 2026. Promoters held 54.48% of the shares on 30 September 2026.
Ashoka Buildcon's PE ratio is 1.1 at the 29 October 2026 close (₹98.97 a share): a market capitalisation of ₹2,778 crore divided by consolidated net profit attributable to shareholders of ₹2,456 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹2,550 crore) it is 1.1. These four quarters include net exceptional items of ₹2,144 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
Ashoka Buildcon's price-to-book (PB) ratio is 0.42 at the 29 October 2026 close: a market capitalisation of ₹2,778 crore divided by shareholders' equity (book value) of ₹6,579 crore on 31 March 2026. That is a book value of ₹234.37 per share against a share price of ₹98.97.
In FY26, Ashoka Buildcon's return on equity (ROE) was 48.6% and its return on capital employed (ROCE) was 13.4%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 55.2% and ROCE 18.4%.
Ashoka Buildcon's market capitalisation was ₹2,778 crore at the 29 October 2026 close: 28.07 crore shares at ₹98.97 each.
No. Ashoka Buildcon had borrowings of ₹1,511 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.23. Its cash and current investments were ₹674 crore, so its net debt was ₹836 crore.
Ashoka Buildcon's basic earnings per share (EPS) were ₹116.21 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹93.15.
Ashoka Buildcon's debt-to-equity ratio was 0.23 on 31 March 2026: borrowings of ₹1,511 crore against total equity of ₹6,576 crore. A year earlier, on 31 March 2025, it was 0.93.
Ashoka Buildcon's net worth — shareholders' equity in its consolidated balance sheet — was ₹6,579 crore on 31 March 2026, up 68.0% from ₹3,915 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,778 crore at the 29 October 2026 close.
In FY26, Ashoka Buildcon generated ₹655 crore of cash from operations and spent ₹117 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹537 crore. In FY25 it was ₹1,536 crore.
Ashoka Buildcon's book value per share was ₹234.37 on 31 March 2026: shareholders' equity of ₹6,579 crore divided by the 28.07 crore shares in issue, up 68.0% from ₹139.47 a year earlier. The share price at the 29 October 2026 close was ₹98.97.
Ashoka Buildcon's latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit attributable to shareholders ₹123 crore, down 45.6% from ₹227 crore in Q1 FY26; revenue from operations ₹1,500 crore, down 20.5% year on year.
In FY26 (April 2025–March 2026), Ashoka Buildcon's consolidated net profit attributable to shareholders was ₹2,550 crore, up 50.5% from ₹1,694 crore in FY25, on revenue from operations of ₹7,520 crore (down 25.1%). Over three years, from FY23, net profit was up 586.6%.
Promoters held 54.48% of Ashoka Buildcon on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Ashoka Buildcon's shares were held by promoters 54.48%, foreign portfolio investors (FII/FPI) 4.18%, domestic institutions (DII) 12.75% (including mutual funds at 12.75%) and retail and other non-institutional investors 28.59%. Over the year, FII holding was down 3.27 percentage points from 7.45% and DII holding was down 1.31 percentage points from 14.06%.
Ashoka Buildcon will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against PNC Infratech, KNR Constructions and IRB Infrastructure Developers: Ashoka Buildcon's operating margin of 22.9% is the third highest of the four (PNC Infratech 18.9%, KNR Constructions 24.2%, IRB Infrastructure Developers 37.1%; peer average 26.7%); its return on equity of 48.6% is the highest of the four (PNC Infratech 13.0%, KNR Constructions 9.2%, IRB Infrastructure Developers 4.2%; peer average 8.8%); its revenue growth over three years of −2.5% a year is the second highest of the four (PNC Infratech −12.3% a year, KNR Constructions −12.8% a year, IRB Infrastructure Developers 6.1% a year; peer average −6.3% a year).
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Ashoka Buildcon's PE ratio is 1.1, the lowest of the four: PNC Infratech 4.1, KNR Constructions 6.5 and IRB Infrastructure Developers 23.1, a peer average of 11.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Ashoka Buildcon earned net profit attributable to shareholders of ₹2,550 crore on revenue of ₹7,520 crore, against ₹832 crore on ₹5,368 crore for PNC Infratech. Ashoka Buildcon's operating margin was 22.9% (PNC Infratech 18.9%) and its return on equity 48.6% (PNC Infratech 13.0%). At the 29 October 2026 close, Ashoka Buildcon's market capitalisation was ₹2,778 crore against ₹3,437 crore for PNC Infratech, and its PE ratio on FY26 profit 1.1 against 4.1.
From Ashoka Buildcon's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.