Rs 18,090 crore order book: This low PE high ROE small-cap stock delivers impressive Q4 & FY23 results!

The shares of this company are trading at a PE multiple of 3.22 and a ROE of 77.40 per cent, all of which point to strong managerial performance.

Ashoka Buildcon Ltd, a leading civil construction in India announced its Quarterly Results (Q4FY23) and annual results (FY24) for the year ended March 31, 2023: Details below:

Standalone Quarterly Results: The net sales increased by 31.06 per cent and net profit skyrocketed by 131.28 per cent in Q4FY23 over Q4FY22. The EPS stood at Rs 15.49.

Standalone Annual Results: The net sales increased by 38.79 per cent in FY23 over FY22. The company reported a net profit of Rs 671.27 crore in FY23 compared to a net loss of Rs 308.65 crore in FY22. The EPS stood at Rs 23.91.

Order Book Updates: The company's current order book as of March 31, 2023, stands at Rs 15,805 crore. Furthermore, the company has already secured projects worth Rs 2,285 crore for FY23-24, bringing the total order book to Rs 18,090 crore.

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On Friday, shares of Ashoka Buildcon Ltd plunged 0.75 per cent to Rs 76.50 per share with an intraday high of Rs 79 and an intraday low of Rs 76.25. The stock has a 52-week high of Rs 95.70 and a 52-week low of Rs 69.55.

The shares of this company are trading at a PE multiple of 3.22 and a ROE of 77.40 per cent, all of which point to strong managerial performance. The shares of the company saw a spurt in volume by more than 1.06 times on BSE.

Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete).

Investors should keep an eye on this small-cap stock for the upcoming trading session.