Ashoka Buildcon Ltd.'s Q3 FY25 operational numbers were subdued due to weak execution and slowdown in government awarding and land acquisition issues.
(Source: Ashoka Buildcon Ltd.)
Order inflow stood at Rs 90 billion for Ashoka Buildcon in 9MFY25 and expects more inflow of Rs 10-20 billion for Q4 FY25. We value Ashoka Buildcon standalone business at 10x PER FY27E.