Sunday, June 28, 2020

Ashoka Buildcon Ltd – Improving execution and strong cash balance is the future

Ashoka Buildcon Ltd  closes   at 63.00 with  a  Fall   of   -1.30%   on    26-June- 2020   with formation of  a  Red  Candle    on Daily  Price Chart.
About the Company : Ashoka Buildcon is one of the largest highway developers in the country with an impressive portfolio of over 31 PPP (Public Private Partnership) projects. We are present across nine states in the country executing several prestigious projects for National and State Governments. The company is also active in Power Transmission & Distribution sector with various power projects in Maharashtra, Chattisgarh, Tamil Nadu & Bihar.
The Company  has posted Net Sales / Revenue   of 3937.40Cr & Net Profit of 387.20 Cr in FY2020 and expected to post Net Sales / Revenue   of 5774.90Cr & Net Profit of 240.00Cr in FY2021 and Net Sales / Revenue   of 4430.20Cr & Net Profit of 323.30Cr in FY2022 & Net Sales / Revenue   of 4878.00 Cr & Net Profit of 352.50Cr in FY2023 .
Valuations  : The Company is now Trading at X 0.30   of its Value. We have valued the company with its  expected Financial Year 2020 earnings  , which is now almost  ~70%  Discount  to its value & X0.43  of its FY 2021 earning with a Discount   of ~57%   and X 0.32 of its FY 2022  earning with a Discount  of ~ 68% and X 0.29 of its FY 2023 earning with a Discount  of ~ 71%.
Free Cash Flow ( FCF), which is 702.90 Cr in FY 2020, will be -163.00 Cr in FY 2021 and it will improve to 388.50 Cr in FY 2023.
The Fare Value of Equity Per Share is 146 for FY2021; 196 for FY2022 and 214 for FY2023.
Disclaimer : We are / may going to take exposure shortly.
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The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

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