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Motilal Oswal has buy call on with a target price of Rs 145. The current market price of Ashoka Buildcon Ltd. is Rs 112.2.
Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2940.58 Crore) operating in Infrastructure sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1305.49 Crore, up 9.77 % from last quarter Sales of Rs 1189.31 Crore and up 1.96 % from last year same quarter Sales of Rs 1280.36 Crore Company reported net profit after tax of Rs 83.54 Crore in latest quarter.
Investment Rationale
Strong execution over the past two years is commendable. However, the pending PE exit in the asset portfolio is an overhang on the stock. It has increased FY21E EPS by 7% on higher other income. Strong order book and continuous improvement in the Balance Sheet augurs well for ASBL.
Promoter/FII Holdings
Promoters held 54.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 3.2 per cent, DIIs 27.6 per cent and public and others 14.6 per cent.
Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2940.58 Crore) operating in Infrastructure sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1305.49 Crore, up 9.77 % from last quarter Sales of Rs 1189.31 Crore and up 1.96 % from last year same quarter Sales of Rs 1280.36 Crore Company reported net profit after tax of Rs 83.54 Crore in latest quarter.
Investment Rationale
Strong execution over the past two years is commendable. However, the pending PE exit in the asset portfolio is an overhang on the stock. It has increased FY21E EPS by 7% on higher other income. Strong order book and continuous improvement in the Balance Sheet augurs well for ASBL.
Promoter/FII Holdings
Promoters held 54.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 3.2 per cent, DIIs 27.6 per cent and public and others 14.6 per cent.
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