This small-cap infrastructure stock is involved in developing various infrastructure projects, such as highways, bridges, power projects, city gas distribution, railways, and real estate, jumped 5 percent after securing an order worth Rs. 568.86 crore from Central Railway for railway EPC projects.
Stock Price Movement
With a market capitalization of Rs. 5,645.34 crores, the share of Ashoka Buildcon Limited has reached an intraday high of Rs. 207.70 per equity share, rising nearly 4.90 percent from its previous day’s close price of Rs. 198. Since then, the stock has retreated and is currently trading at Rs. 201.10 per equity share.
What Happened
Ashoka Buildcon Limited has received a Letter of Acceptance for a project from Central Railway, valued at Rs. 568.86 crore. The project involves the construction of earthwork, major and minor bridges, rubs, railway track work, and other civil works for the gauge conversion project between Pachora and Jamner, covering around 53.3 km. The contract is an Engineering, Procurement, and Construction (EPC) project, with a timeline of 913 days for completion.
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Order Book
As of December 31, 2024, Ashoka Buildcon has a strong order book worth Rs. 16,457 crore, highlighting its significant position in the construction industry.
Clientele
Ashoka Buildcon Limited partners with key infrastructure and transportation bodies, including NHAI, KSHIP, TNRDC, MoRTH, PWD, and state development corporations like MPRDC, to enhance road and highway projects across India.
Recent quarter results
Ashoka Buildcon Limited’s revenue has fallen by 10.12%, dropping from Rs. 2,657 crore in Q3 FY24 to Rs. 2,388 crore in Q3 FY25. However, the company’s net profit has seen a significant increase of 568.69%, rising from Rs. 99 crore in Q3 FY24 to Rs. 662 crore in Q3 FY25.
Company Overview
Ashoka Buildcon Limited was established in 1976 and is headquartered in Nashik, Maharashtra. The company has become a leading infrastructure developer in India and has constructed 14,000 lane km of highways and implemented power T&D projects for 30,000 villages.
Written By – Nikhil Naik
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