Ashoka
Buildcon Ltd closes at ₹63.00 with a Fall of -1.30% on 26-June-
2020 with formation of a Red Candle on Daily Price
Chart.
About the
Company : Ashoka Buildcon is one of the largest
highway developers in the country with an impressive portfolio of over 31 PPP
(Public Private Partnership) projects. We are present across nine states in the
country executing several prestigious projects for National and State
Governments. The company is also active in Power Transmission &
Distribution sector with various power projects in Maharashtra, Chattisgarh,
Tamil Nadu & Bihar.
The Company has
posted Net Sales / Revenue of ₹3937.40Cr & Net Profit of ₹387.20 Cr in FY2020 and expected to post Net Sales /
Revenue of ₹5774.90Cr & Net Profit of ₹240.00Cr in FY2021 and Net Sales / Revenue of ₹4430.20Cr
& Net Profit of ₹323.30Cr in FY2022 & Net Sales /
Revenue of ₹4878.00 Cr & Net Profit of ₹352.50Cr in FY2023 .
Valuations : The Company is now Trading at X 0.30 of its Value. We have valued the company with
its expected Financial Year 2020
earnings , which is now almost ~70% Discount to its value & X0.43 of its FY 2021 earning with a Discount of ~57%
and X 0.32 of its FY 2022 earning
with a Discount of ~ 68% and X 0.29 of
its FY 2023 earning with a Discount of ~
71%.
Free Cash Flow
( FCF), which is ₹702.90 Cr in FY
2020, will be -₹163.00 Cr in FY
2021 and it will improve to ₹388.50 Cr in FY 2023.
The Fare
Value of Equity Per Share is ₹146 for FY2021; ₹196 for FY2022
and ₹214 for FY2023.
Disclaimer : We are / may going to take exposure
shortly.
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