Mulitbagger Stock with Rs 10,356 crore Order Book: The Company Reports 150 per cent Net Profit Growth, FIIs and DIIs Increases Stake

The FIIs and DIIs have increased their stake to 7.63 per cent and 19.32 per cent respectively. As of June 30, 2024, the total order book of the company stands at – Rs 10,356

Ashoka Buildcon Ltd's stock is trading at Rs 233. The stock opened at Rs 239 and reached a day high of Rs 244 during the trading session.  The company released its Quarterly Results on August 14, 2024.

For the quarter ending June 2024, the company reported a revenue of Rs 1,900.80 crore, marking a 22.07 per cent increase from Rs 1,557.20 crore in June 2023. Net profit rose significantly to Rs 40.8 crore from Rs 16.4 crore in the same period last year, reflecting a 148.78 per cent growth. For the full financial year 2024, revenue reached Rs 9,798 crore, up 20.96 per cent from Rs 8,100 crore in FY23. Net profit also grew to Rs 521 crore, up 39.68 per cent from Rs 373 crore in FY23.

The FIIs and DIIs have increased their stake to 7.63 per cent and 19.32 per cent respectively. As of June 30, 2024, the total order book of the company stands at – Rs 10,356

Key Updates from 1st April 2024 till date -

• Receipt of Completion Certificate for Hybrid Annuity Mode (HAM) NHAI Project - ‘Eight Lane Vadodara Kim Expressway in April 2024
• Receipt of Completion Certificate for Hybrid Annuity Mode (HAM) NHAI Project - ‘Four laning of NH-161 from Kandi to Ramsanpalle in August 2024
• Company has emerged as Lowest Bidder for two Projects (EPC) of Maharashtra State Road Development Corporation Ltd in June 2024
• The company has emerged as the Lowest Bidder for two Projects (EPC) of the Mumbai Metropolitan Region Development Authority (MMRDA) in August 2024
• Executed EPC Agreement for a Project in Ivory Coast in June 2024
• Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on an EPC and BOT basis. It is also involved in the sale of RMC (ready-mix concrete).

Ashoka Buildcon Ltd, with a market capitalisation of Rs 6,544 crore and a P/E ratio of 11.9. The company's 52-week high stands at Rs 272, while the 52-week low is Rs 90. Over the past five years, Ashoka Buildcon Ltd has achieved an exceptional profit growth of 61 per cent CAGR. Additionally, the company has maintained a median sales growth of 21 per cent over the last decade. The stock has given multibagger return of 143.02 per cent.

Investors should keep a close eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.