1 day Ago
HDFC Securities has a buy call on Ashoka Buildcon with a target price of Rs 302. The current market price of Ashoka Buildcon is Rs 237.85.
Ashoka Buildcon, incorporated in 1993, is a Mid Cap company with a market cap of Rs 6663.25 crore, operating in the infrastructure sector. Ashoka Buildcon's key products/revenue segments include Income From Construction Work, Ready Mix Concrete, Other Operating Revenue, Scrap and Land for the year ending 31-Mar-2023.
Investment Rationale Ashoka Buildcon has guided FY25 revenue to be flat on a YoY basis. On the HAM portfolio, the company has already invested Rs 10.7 billion; the balance equity requirement in its existing NHAI HAM assets is Rs 1 billion as of Sep 24, which will be infused in H2FY25 itself.
Given the stable OB, improving visibility on asset monetisation, and margin expansions on the back of new order execution, HDFC Securities maintains a BUY. However, the brokerage has increased the SOTP to Rs 302/sh (11x Dec-26E EPS roll forward) while factoring in a higher valuation for HAM assets (1.4x P/BV).
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 2528.99 Crore, up 1.38 % from last quarter Total Income of Rs 2494.
65 Crore and up 15.20 % from last year same quarter Total Income of Rs 2195.33 Crore.
Company has reported net profit after tax of Rs 462.30 Crore in latest quarter. Stock Trading A2Z of Stock Trading - Online Stock Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Algo Trading Made Easy By - Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo Systems View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Stock Valuation Made Easy By - Rounak Gouti, Investment commentary writer, Experience in equity research View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Promoter/FII Holdings Promoters held 54.
48 per cent stake in the company as of 30-Sep-2024, while FIIs owned 7.94 per cent, DIIs 17.79 per cent.
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