Buy Ashok Buildcone, Target Price Rs. 206: HDFC Securities

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Buy Ashok Buildcone, Target Price Rs. 206: HDFC Securities

HDFC Securities has a call to buy with a target price of Rs 206 on Ashka Buildcone. Ashok Buildcon’s current market price is Rs. 173.45. The period given by the analyst is one month when Ashok Buildcon costs the defined target. Ashok Buildcon, included in 1993, is a mid -cap company with a market cap of Rs 4864.65 crore, operating in the infrastructure sector.

Ashok Buildcon’s key products/income segment includes land for the year ending of construction work, Ready Mix concrete, other operating pairing income, scrap and 31 -MR -2024.

Financial
In the quarter ended 31-12-2024, the company has paid Rs. The total income below -4.06 % of the total revenue of Rs 2528.99 crore and the total revenue of the same quarter of the last year, the total income of 2698.94 crore has been recorded. In the latest quarter, Rs. The company has registered a net profit after tax of Rs 661.41 crore.

Srishok Kataria, Mr. Silpa Deer, Mr. Mario Nazareth, Shri. Nikhilesh Panchal, Srishok Kataria, Shri. Truth, Shri. Sanjay Londe, Sreishish Kataria, Shri. Srishish Kataria, Shri Santish Parakha, Mr. Sanjay Londe, Srishish Kataria, Mr. Mahendra Mehta, Mr. Shilpa Deer, Shri. Mario Nazareth, Mr. Nikhilesh Panchal, Srishok Katarakh, Shri. Sasatish Panchal, Shri. The company has SRBC and Ko LLP as its iTors Deaters. As of 31-12-2024, the company has a total of 28 crore shares.

Investment

Given the stable Obi, improve visibility on property monetization, and the margin expansion on the back of the new order execution, maintains HDFC securities by rating. They expect FY24? Revenue/EBITDA/PAT on CAGR of 9%/21%/24%at 27E. They believe that the base case of the stock is a reasonable value of Rs.189 (10.3x FY27E EPS) and the bull case Fair value is Rs 206 (11.2x FY 27 EPS) in the next 2-3 quarters. Investors Rs. Can buy stock in a band of 170-174 (9.4x FY27E EPS) and Rs. 153-156 (8.4x FY27E EPS).

Promoter/FII Holdings
As of 31 -December -2018, the promoters had stake in.44.48 per cent in the company, while FIIs were 8.52 per cent, DIIS 15.46 per cent.

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