Buy Ashoka Buildcon; target of Rs 145: Anand Rathi

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Anand Rathi's research report on Ashoka Buildcon

Q4 FY21 was enthusing for Ashoka Buildcon. Quarterly revenue scaled a new high, margins were strong and the standalone balance sheet healthy. Strong orders added early in FY22, too, augur well, and bright bid-prospects set the stage for even better times. Asset-monetisation efforts, too, have been progressing gradually. Success here could help assuage the SBI-Macquarie exit overhang and free up capital.

Outlook

Proven execution capabilities and a well-set balance sheet impel us to retain our Buy rating, with a TP of Rs145 (derived using 9x FY23e core construction EPS and the DCF/invested-basis valuation for asset ownership).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More