Akash Infraprojects Ltd
NSE: AKASHInfra
Incorporated in 1999, Akash Infra- Projects Ltd deals in construction of roads and trading of lubricants[1]
₹26.3
52W: ₹22.8 — ₹36
PE 25.6 · Book ₹47.8 · -45% vs bookMarket Cap₹44.4 Cr
Stock P/E25.6Price to Earnings
ROCE2.74%Return on Capital
ROE0.38%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 0.55 times its book value
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -18.3% over past five years.
- −Company has a low return on equity of 0.85% over last 3 years.
- −Company might be capitalizing the interest cost
- −Company has high debtors of 2,059 days.
- −Working capital days have increased from 720 days to 1,123 days
Shareholding Pattern
Promoters74.59%
FIIs0%
DIIs0%
Public25.41%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% | 74.59% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.41% | 25.41% | 25.41% | 25.41% | 25.41% | 25.41% | 25.41% | 25.41% |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.71 | 4.84 | 9.5 | 5.92 | 1.35 | 5.99 | 13.26 | 12.59 | 4.67 | 4.22 |
| Expenses | 13.67 | 5.86 | 6.18 | 4.64 | 2.4 | 5.06 | 9.91 | 11.65 | 4.79 | 2.62 |
| Operating Profit | 1.04 | -1.02 | 3.32 | 1.28 | -1.05 | 0.93 | 3.35 | 0.94 | -0.12 | 1.6 |
| OPM % | 7.07% | -21.07% | 34.95% | 21.62% | -77.78% | 15.53% | 25.26% | 7.47% | -2.57% | 37.91% |
| Net Profit | 0.53 | -1.97 | 2.99 | 0.45 | -1.82 | 0.12 | 1.61 | 0.11 | -1.01 | 1.02 |
| EPS ₹ | 0.31 | -1.17 | 1.77 | 0.27 | -1.08 | 0.07 | 0.95 | 0.07 | -0.6 | 0.6 |
AI Insights
Revenue Trend
TTM revenue at ₹34.74Cr, up 31.2% YoY. OPM at 16.61%.
Debt Position
Borrowings at ₹79.7Cr. Debt-to-equity ratio: 1.25x. High leverage — monitor closely.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.59%.
Margin & Efficiency
ROCE declining from 23.52% (Mar 2014) to 2.74% (Mar 2025). Working capital days: 1123.41.
Valuation
PE 25.6x with 2.74% ROCE. Price is -45% above book value of ₹47.8. Dividend yield: 0%.
Recent Announcements
- Disclosure of material issue 7 May 2026 - Commercial Court Ahmedabad upheld Akash Infra’s arbitral awards and dismissed both parties’ applications.
- Disclosure under SEBI Takeover Regulations 5 May 2026 - Promoter and promoter group held 1,25,77,468 shares as of March 31, 2026; no encumbrance created.
- Allotment of Securities 7 April 2026 - Board approved 40 lakh convertible warrants at Rs40 each, raising Rs4 crore on April 7, 2026.
- Outcome of Board Meeting 7 April 2026 - Board approved 40 lakh convertible warrants at Rs 40 each; Rs 4 crore received upfront on April 7, 2026.
- General Updates 7 April 2026 - Received Rs 4.99 crore work order on 07 Apr 2026 for Ankhol Vamaj Road widening, Mehsana.
- Financial Year 2025 from nse
- Financial Year 2024 from nse
- Financial Year 2023 from nse