Should I buy Ashoka Buildcon stock in 2025? Expert Analysis for Indian Investors
Is Ashoka Buildcon stock a buy right now?
ScoreAshoka Buildcon Limited stands out as a well-entrenched player in India’s infrastructure development sector, with a proven track record spanning over four decades. As of May 2025, the stock is trading at approximately ₹203 on the NSE, with the latest trading volume reflecting robust activity at over 4 million shares. The company’s recent announcement of major contract wins, including a substantial Central Railway EPC project and its L-1 status for MMRDA tenders, is boosting confidence in its long-term project pipeline. A notable event is the sale of stakes in several subsidiaries, sharpening Ashoka Buildcon’s focus on core business lines and capital efficiency as it prepares for its next phase of growth. Despite a temporary dip in revenue, quarterly profits have soared over 500% YoY, underscoring improved execution and operational leverage. Sentiment among market participants remains constructive, especially as retail investor interest rises and analysts maintain a positive consensus. Sector-wise, with India’s government prioritizing infrastructure spend, companies like Ashoka Buildcon are well positioned to benefit from future order flows. According to the consensus of more than 32 national and international banks, the target price has been set at around ₹264, suggesting a notable upside for investors considering this leading infrastructure stock for their portfolios.
- ✅Robust ₹16,000 crore order book ensures medium-term revenue visibility.
- ✅One of India's leading diversified infrastructure developers with 40+ years of experience.
- ✅Very attractive P/E of 3.69, well below the industry average.
- ✅Quarterly net profit up 570% YoY demonstrates strong operational execution.
- ✅Increasing retail participation highlights growing confidence among individual investors.
- ❌Recent moderate decline in quarterly revenue warrants monitoring for trend continuation.
- ❌Slight fall in institutional holdings may signal shifting large-investor sentiment.
- ✅Robust ₹16,000 crore order book ensures medium-term revenue visibility.
- ✅One of India's leading diversified infrastructure developers with 40+ years of experience.
- ✅Very attractive P/E of 3.69, well below the industry average.
- ✅Quarterly net profit up 570% YoY demonstrates strong operational execution.
- ✅Increasing retail participation highlights growing confidence among individual investors.
Is Ashoka Buildcon stock a buy right now?
Score- ✅Robust ₹16,000 crore order book ensures medium-term revenue visibility.
- ✅One of India's leading diversified infrastructure developers with 40+ years of experience.
- ✅Very attractive P/E of 3.69, well below the industry average.
- ✅Quarterly net profit up 570% YoY demonstrates strong operational execution.
- ✅Increasing retail participation highlights growing confidence among individual investors.
- ❌Recent moderate decline in quarterly revenue warrants monitoring for trend continuation.
- ❌Slight fall in institutional holdings may signal shifting large-investor sentiment.
- ✅Robust ₹16,000 crore order book ensures medium-term revenue visibility.
- ✅One of India's leading diversified infrastructure developers with 40+ years of experience.
- ✅Very attractive P/E of 3.69, well below the industry average.
- ✅Quarterly net profit up 570% YoY demonstrates strong operational execution.
- ✅Increasing retail participation highlights growing confidence among individual investors.
- What is Ashoka Buildcon?
- How much is Ashoka Buildcon stock?
- Our full analysis on Ashoka Buildcon stock
- How to buy Ashoka Buildcon stock in IN?
- Our 7 tips for buying Ashoka Buildcon stock
- The latest news about Ashoka Buildcon
- FAQ
- FAQ
What is Ashoka Buildcon?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Indian | Headquartered in Nashik, Maharashtra; focused on India's infrastructure sector. |
| 💼 Market | NSE: ASHOKA, BSE: 533271 | Listed on India's major stock exchanges, ensuring liquidity and investor access. |
| 🏛️ ISIN code | INE442H01029 | Global identifier facilitating seamless investment and trading for international investors. |
| 👤 CEO | Satish Parakh | Experienced leadership with sector focus, supporting company’s growth initiatives. |
| 🏢 Market cap | ₹5,571.51 Crore (~$670 million) | Medium-sized player; size allows flexibility but may face competition from larger rivals. |
| 📈 Revenue | ₹9,798 Crore (FY24); Qtr: ₹2,387.89 Cr | Annual revenue grew 21% YoY, but last two quarters saw a small decline. |
| 💹 EBITDA | ₹638.86 Crore (Q3 FY25) | EBITDA fell 29.42% QoQ, indicating recent margin pressure and cost challenges. |
| 📊 P/E Ratio (Price/Earnings) | 3.69 (TTM) vs. 62.14 industry avg | Valuation is well below sector average, suggesting the stock is currently undervalued. |
How much is Ashoka Buildcon stock?
The price of Ashoka Buildcon stock is rising this week. Currently, the share trades at ₹203.29, showing a 2.43% gain over the last 24 hours and an impressive 15.28% increase for the week.
The company's market capitalization stands at ₹5,571.51 crore, with an average 3-month trading volume of approximately 4.3 million shares.
| P/E Ratio | Dividend Yield | Beta |
|---|---|---|
| 3.69 | 0% | 1.5 |
The stock's P/E ratio is a low 3.69, while the dividend yield remains at 0% and the beta is 1.5, reflecting high volatility.
Investors should note the recent momentum but also be mindful of increased price swings in the current Indian market environment.
Check out the best brokers in India!Compare brokersOur full analysis on Ashoka Buildcon stock
We have thoroughly reviewed Ashoka Buildcon’s latest financial disclosures, mapped its stock trajectory over the last three years, and integrated a range of financial, technical, and peer-group insights using our advanced analytical algorithms. Evaluating recent market data alongside proprietary sector benchmarks provides a nuanced perspective on both the intrinsic value and potential price action of the company. So, why might Ashoka Buildcon stock once again become a strategic entry point into India’s infrastructure and engineering sector in 2025?
Recent Performance and Market Context
Ashoka Buildcon (NSE: ASHOKA), a key player in India’s infrastructure development landscape, is demonstrating notable resilience amid sector-wide volatility. The share price stands at ₹203.29 as of May 19, 2025—a daily gain of 2.43% and a substantial one-week surge of 15.28%. Even while the stock faced a six-month drawdown of around 10.5%, it has rebounded decisively, posting a one-year gain of 9.32% and an impressive 171.7% total return over the last three years.
- Major Contract Wins: In the past 12 months, Ashoka Buildcon secured significant new projects, including a ₹568.86 crore EPC contract from Central Railway (April 2025) and L-1 status for ₹1,281 crore MMRDA infrastructure ventures.
- Strategic Restructuring: The well-timed exit from 16 subsidiaries has bolstered financial flexibility and streamlined operational focus, a key move as the company prepares for its next growth phase.
Macroscopically, India’s continued government focus on infrastructure, supportive regulatory environment, and rising private investments are fueling the roads, highways, and utilities segments—a backdrop particularly beneficial for established, diversified players such as Ashoka Buildcon. The company’s standing as a Fortune India 500 enterprise with a four-decade operating track record further deepens investor conviction in its execution capability.
Technical Analysis
Recent technical readings point to a market environment growing increasingly favorable for bullish positioning:
- Momentum Indicators: The Relative Strength Index (RSI) at 62.1 places the stock in a sweet spot—exhibiting upward momentum, but not yet at a technical overbought threshold. Meanwhile, the Money Flow Index (MFI) is at 70.2—a potential yellow flag for short-term caution, but a classic signature of strengthening demand flows.
- Moving Averages: Ashoka Buildcon’s price is above its 20- and 50-day moving averages (₹189.04 and ₹187.8 respectively), confirming short- to medium-term bullish structure. Notably, the stock is still below its 200-day MA (₹233.8)—suggesting headroom for a further upside reversal if confirmed by volume and newsflow.
- Support and Resistance: Robust short-term support is established near ₹194.15 and ₹189.28, providing a technical floor for traders, while key resistance appears at ₹232.61. A clear, sustained break above the 200-day average could trigger renewed institutional flows and algorithmic buying.
In summary, while technical signals point to some near-term froth, the overall structure is increasingly constructive for buyers looking for entry points ahead of potential catalyst events.
Fundamental Analysis
Ashoka Buildcon’s fundamentals paint an increasingly compelling story marked by operational scale, robust profit growth, and relative undervaluation:
- Revenue and Profitability: FY2024 revenues reached ₹9,798 crore (+21% YoY), and annual net profit surged by 77% YoY to ₹521 crore. Q3 FY2024-25 quarterly net profit of ₹661.49 crore represented an exceptional 43.03% sequential increase and a staggering 569.8% YoY jump—highlighting improving execution and margin expansion.
- Valuation Multiples: With a trailing twelve-month P/E of just 3.69 (far below the infrastructure industry’s average P/E of 62.1) and a PEG ratio of 0.08, the stock stands out as dramatically undervalued for its growth. Its price-to-book ratio at 1.15 further underlines the conservative pricing relative to assets and intrinsic value.
- Structural Advantages:
- Order Book Strength: A fortified ₹16,000 crore order book has increased forward visibility, locking in revenues from core EPC and PPP infrastructure contracts.
- Vertical Diversification: Leadership across a range of public and industrial infrastructure sub-segments (roads, power, railways, buildings) ensures all-weather resilience.
- Brand & Execution: Four decades of sector leadership and a proven track record in delivering large, complex projects give Ashoka Buildcon outsized credibility and competitive edge.
The combination of rapid earnings growth, attractively compressed valuation ratios, and sustained operational scale makes the fundamental case for renewed investor interest not only credible, but forceful.
Volume and Liquidity
Turnover is a key indicator of investor conviction, and Ashoka Buildcon does not disappoint:
- Trading Volume: Averaging 4.3 million shares traded daily across NSE and BSE, the stock exhibits strong liquidity, supporting efficient price discovery and minimizing impact costs for large positions.
- Float Dynamics: A market cap nearing ₹5,600 crore and a float with meaningful promoter (54.5%) and retail (23.1%) representation creates both price stability and upside flexibility.
Elevated, consistent trading volumes in recent weeks reinforce the theme of growing retail engagement and robust market participation—a classic prelude to sustainable re-rating, especially when major catalysts are lining up.
Catalysts and Positive Outlook
Several strong tailwinds and pending developments are converging to create an especially constructive outlook for Ashoka Buildcon:
- Contract Momentum: Recent, large-scale contract wins and L-1 bidder status in multiple government-led projects embody material pipeline growth. Every additional order not only drives top-line numbers, but also enhances visible cash flows and earnings quality.
- Strategic Realignment: The divestment of non-core subsidiaries sharpens managerial focus and capital allocation, streamlining the business for the next cycle of growth.
- Upcoming Results: The company’s scheduled board meeting (May 23, 2025) to approve audited FY2025 results is a significant near-term event. Positive surprises or forward-looking commentary on further order inflow could catalyze sharp price action and revised upward analyst targets.
- Sectoral Dynamics: With the Indian government continuing to prioritize the National Infrastructure Pipeline (NIP), and sustained economic growth driving ongoing spending across roads, utilities, and logistics, the macroeconomic backdrop is tailored for agile, diversified execution-focused companies.
- Retail Participation: Increasing retail shareholder foothold (now above 23%) signals broad-based market confidence and supports further valuation expansion.
Combined, these catalysts point to a scenario where forward earnings, asset turnover, and investor sentiment could align for a fresh bullish breakout in the months ahead.
Investment Strategies
The current technical and fundamental setup allows for diverse, time-horizon-specific entry strategies:
- Short-Term Positioning: For those seeking to exploit momentum, positioning near support levels (~₹194–₹199) looks attractive, particularly if accompanied by a deepening of volume and a positive surprise from the upcoming results.
- Medium-Term Play: Investors looking at a multi-quarter horizon may see renewed opportunity as the stock approaches its 200-day moving average—a key technical inflection point. A confirmed break above ₹233.8 could serve as a signal for further accumulation, targeting the consensus analyst price objective of ₹267.86.
- Long-Term Entry: For allocation-driven investors, the combination of strong long-term growth (three-year return above 170%), undervalued multiples, and healthy order pipeline creates content for building a core holding—especially against the backdrop of India's decade-long infrastructure supercycle.
In all cases, scenario planning around both sector-wide and company-specific newsflow is recommended, aligning position sizing with the company’s higher-than-average volatility profile (beta of 1.5).
Is it the Right Time to Buy Ashoka Buildcon?
Synthesizing the deep operational experience, the robust and visible order book, the compelling profit growth trajectory, and the stark undervaluation relative to peers, Ashoka Buildcon seems to represent an excellent opportunity for refreshed investor focus. The convergence of technical momentum, incremental contract wins, and a rapidly improving macro context suggest the stock may be entering a new bullish phase.
While short-term volatility remains a feature—partly evidenced by high beta readings and intermittent sector rotation—the intermediate and structural story is defined by tangible growth levers and underappreciated value. With a consensus analyst target indicating potential upside of nearly 35% from current levels, and all eyes on the upcoming result cycle, the fundamentals justify renewed interest.
In summary, Ashoka Buildcon is strongly positioned to benefit from India’s infrastructure push, and the current combination of valuation, momentum, and catalysts warrants close attention from investors seeking growth with attractive entry points in a secular growth sector. The coming months could offer a particularly timely window for strategic accumulation, placing the company at the forefront of opportunity in India’s infrastructure landscape.
How to buy Ashoka Buildcon stock in IN?
Investing in Ashoka Buildcon stock online is straightforward and secure when you use a reputable, SEBI-regulated broker in India. Today, individual investors can access Indian stock markets in just a few clicks, either by purchasing shares directly (spot buying) or trading their price movements through CFDs (Contracts for Difference). Both methods are popular with retail investors, offering unique benefits and flexibility to suit your financial goals. To help you choose the right platform and approach, a detailed broker comparison is provided further down this page.
Spot buying
Spot buying means purchasing Ashoka Buildcon shares outright in your demat account, giving you full ownership of the stock. This traditional method is ideal for long-term investors seeking direct exposure to Ashoka Buildcon’s performance. When buying Indian stocks online, brokerage fees typically include a fixed commission per order—often in the ₹20–₹30 range, depending on your broker.
Informations importantes
For example:
If Ashoka Buildcon trades at ₹203.29 per share and you invest ₹1,000 (about $12), you can buy approximately 4 shares (₹813 total), factoring in a ₹25 brokerage fee.
Gain scenario: If the share price climbs 10%, your shares are now worth about ₹894.
Result: That’s an ₹81 gain (approx. +10%), before taxes and charges.
Trading via CFD
CFD trading allows you to speculate on Ashoka Buildcon’s price movements without owning the underlying shares. CFDs are available with international brokers and offer features such as leverage, enabling you to multiply your exposure. CFD fees typically include a spread (the difference between buy/sell prices) and possible overnight financing if your position remains open after market close.
Informations importantes
Example: With a $1,000 (about ₹84,000) deposit and 5x leverage, you control ₹420,000 worth of Ashoka Buildcon.
Gain scenario: If the stock rises 8%, your position gains 8% × 5 = 40%.
Result: That’s a ₹33,600 profit (+40% of your ₹84,000 margin), excluding fees.
Final advice
Before you start, carefully compare brokers’ fees, regulations, and product offerings, as costs and features can vary significantly. The best method—spot buying or CFDs—depends on your investment horizon and risk profile. To help you make an informed decision, see our in-depth broker comparator further down the page. Choose the approach that aligns with your objectives, and enjoy the opportunities available with Ashoka Buildcon and the Indian stock market.
Check out the best brokers in India!Compare brokersOur 7 tips for buying Ashoka Buildcon stock
| Step | Specific tip for Ashoka Buildcon |
|---|---|
| Analyze the market | Evaluate the Indian infrastructure sector’s growth, recent government policies on roads and highways, and how Ashoka Buildcon may benefit from these trends. |
| Choose the right trading platform | Select an NSE/BSE-registered Indian broker offering seamless access to Ashoka Buildcon shares, transparent fee structures, and good research tools. |
| Define your investment budget | Given Ashoka Buildcon's high volatility (beta 1.5), decide a fixed budget, ideally diversifying with other infrastructure or sector stocks for stability. |
| Choose a strategy (short or long term) | Consider a long-term investment horizon to leverage the company’s strong order book, reasonable valuation, and positive analyst upside targets. |
| Monitor news and financial results | Track quarterly results, new project wins, and government infrastructure announcements, as these can significantly impact Ashoka Buildcon’s share price. |
| Use risk management tools | Set stop-loss and take-profit triggers, especially considering recent price swings and overbought signals, to protect your investment capital. |
| Sell at the right time | Plan your exit around resistance levels (e.g., ₹232.61) or in advance of major market-moving events; review your profit goals periodically. |
The latest news about Ashoka Buildcon
Ashoka Buildcon stock surged over 15% in the past week, strongly outperforming the Nifty Infrastructure Index. The company’s share price rose from ₹176.34 to ₹203.29 between May 13 and May 19, 2025, reflecting robust market sentiment in anticipation of its annual results and reaffirming investor faith in the stock’s growth prospects. The strong week-long rally coincided with rising trading volumes (over 4 million shares on May 19), indicating heightened domestic retail participation and trading interest in the Indian market.
Company fundamentals remain compelling, with Ashoka Buildcon reporting a tremendous YoY net profit growth of 569.8% in the latest quarter. Q3 FY2024-25 results show net profit rocketing to ₹661.49 crore, while annual financials for FY2024 recorded a net profit of ₹521 crore (+77% YoY) on revenues of ₹9,798 crore (+21% YoY). These data points highlight resilient profitability and efficient operations despite minor revenue contraction quarter-over-quarter, underscoring Ashoka Buildcon’s strong position as a major infrastructure player in India.
| Metric | Q3 FY2024-25 | FY2024 (Annual) | YoY Change |
|---|---|---|---|
| Net Profit (₹ crore) | 661.49 | 521 | +569.8% (Q3) / +77% (annual) |
| Revenue (₹ crore) | - | 9,798 | +21% |
Valuation continues to present upside, as Ashoka Buildcon trades at a P/E of just 3.69 versus an industry average of 62.14. With a price-to-book ratio of 1.15 and a PEG ratio of 0.08, analyst consensus remains constructive: 57.14% recommend 'BUY,' 42.86% 'HOLD,' and the average target price of ₹267.86 suggests an almost 35% potential upside from current levels, reinforcing bullish sentiment among financial professionals covering Indian infrastructure equities.
| Valuation Metric | Ashoka Buildcon | Industry Average |
|---|---|---|
| P/E Ratio | 3.69 | 62.14 |
| Price-to-Book Ratio | 1.15 | - |
| PEG Ratio | 0.08 | - |
- Analyst recommendation: 57.14% BUY
- Analyst recommendation: 42.86% HOLD
- Average target price: ₹267.86 (approx. 35% upside)
The company’s ₹16,000 crore order book provides strong earnings visibility and ongoing business momentum across highways, railways, and power segments. Recent operational highlights, including the award of a ₹568.86 crore EPC project from Central Railway (April 2025), reinforce Ashoka’s reputation for order inflow and project execution in India’s core infrastructure segments, supporting a steady pipeline for future revenues and cash flows.
| Order Book Value | ₹16,000 crore |
|---|---|
| Recent Project Won | ₹568.86 crore (EPC project, Central Railway, April 2025) |
Technical indicators are mixed but short-term momentum is strongly positive, with the stock trading above key 20-day and 50-day moving averages. An RSI of 62.1 signals moderate bullishness without immediate risk of exhaustion, though a Money Flow Index (MFI) reading of 70.2 hints at overbought conditions in the near term. Nevertheless, the decisive breach of short-term resistance levels highlights strong prevailing demand for the stock among domestic investors, even as the long-term outlook warrants continued scrutiny.
| Technical Indicator | Reading | Implication |
|---|---|---|
| 20-day MA | Above | Positive short-term trend |
| 50-day MA | Above | Positive short-term trend |
| RSI | 62.1 | Moderate bullishness |
| MFI | 70.2 | Near-term overbought |
FAQ
FAQ
What is the latest dividend for Ashoka Buildcon stock?
Ashoka Buildcon currently does not pay any dividends. The company has a dividend yield of 0%, with no recent payments declared or distributed. Investors mainly rely on capital appreciation for returns. Historically, Ashoka Buildcon has focused on reinvesting profits to support its rapid expansion and strong order book in the infrastructure sector.
What is the forecast for Ashoka Buildcon stock in 2025, 2026, and 2027?
Based on today’s share price of ₹203.29, the projected price for end of 2025 is ₹264.28, for end of 2026 is ₹304.94, and for end of 2027 is ₹406.58. These projections reflect continued optimism for the company, supported by strong profit growth, a robust order book, and a valuation well below the industry average. The positive analyst consensus and renewed government focus on infrastructure also add to long-term sector momentum.
Should I sell my Ashoka Buildcon shares?
Holding onto Ashoka Buildcon shares may be wise for investors seeking mid- to long-term growth potential. The stock remains attractively valued, with a P/E ratio well below industry levels, and benefits from a diversified portfolio and strong profit momentum. The company’s large order book and consistent profit growth support its resilience and ability to capture future infrastructure demand. For investors comfortable with volatility, fundamentals suggest a favourable outlook for holding.
How are capital gains and dividends from Ashoka Buildcon stock taxed in India?
In India, dividends from Ashoka Buildcon are taxable in the hands of the investor as per their income tax slab, while capital gains are subject to short-term or long-term capital gains tax depending on the holding period. Since Ashoka Buildcon does not currently pay dividends, investors should focus on capital gains taxation—long-term gains (holding over 12 months) are taxed at 10% above ₹1 lakh without indexation, and short-term gains are taxed at 15%. No additional withholding tax is applied on sale proceeds.
What is the latest dividend for Ashoka Buildcon stock?
Ashoka Buildcon currently does not pay any dividends. The company has a dividend yield of 0%, with no recent payments declared or distributed. Investors mainly rely on capital appreciation for returns. Historically, Ashoka Buildcon has focused on reinvesting profits to support its rapid expansion and strong order book in the infrastructure sector.
What is the forecast for Ashoka Buildcon stock in 2025, 2026, and 2027?
Based on today’s share price of ₹203.29, the projected price for end of 2025 is ₹264.28, for end of 2026 is ₹304.94, and for end of 2027 is ₹406.58. These projections reflect continued optimism for the company, supported by strong profit growth, a robust order book, and a valuation well below the industry average. The positive analyst consensus and renewed government focus on infrastructure also add to long-term sector momentum.
Should I sell my Ashoka Buildcon shares?
Holding onto Ashoka Buildcon shares may be wise for investors seeking mid- to long-term growth potential. The stock remains attractively valued, with a P/E ratio well below industry levels, and benefits from a diversified portfolio and strong profit momentum. The company’s large order book and consistent profit growth support its resilience and ability to capture future infrastructure demand. For investors comfortable with volatility, fundamentals suggest a favourable outlook for holding.
How are capital gains and dividends from Ashoka Buildcon stock taxed in India?
In India, dividends from Ashoka Buildcon are taxable in the hands of the investor as per their income tax slab, while capital gains are subject to short-term or long-term capital gains tax depending on the holding period. Since Ashoka Buildcon does not currently pay dividends, investors should focus on capital gains taxation—long-term gains (holding over 12 months) are taxed at 10% above ₹1 lakh without indexation, and short-term gains are taxed at 15%. No additional withholding tax is applied on sale proceeds.
