AKASH

Akash Infra-Projects Limited

Construction company with fuel and grocery business

Industrials›Construction›Construction›Civil Construction

akashinfra.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹24.81
Market cap
42 Cr
Stock P/E
61.0
P/B
0.49
Dividend yield
0.4%
ROE (FY26)
0.8%
ROCE (FY26)
3.6%
Operating margin (FY26)
6.9%
Debt / equity (FY26)
1.06
OCF / EBITDA (FY26)
-22.6%
OCF / EBITDA (3Y)
-90.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Akash Infra-Projects (Akash Infra) is a Gandhinagar, Gujarat-based construction company that executes road construction projects, and it also runs a smaller fuel and grocery business.

Company snapshot

87thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 57.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Construction
44.3%
6 Cr0.94 Cr0 Cr
Fuel and Grocery
57.2%
8 Cr0.14 Cr0 Cr
Other unallocated income
0.1%
0.02 Cr-0.0009 Cr0 Cr

Shares add up to 102% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Net margin is very thin at 0.8% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales15 Cr5 Cr15 Cr15 Cr9 Cr14 Cr20 Cr21 Cr12 Cr11 Cr38 Cr39 Cr
Operating expenses (approx.)14 Cr7 Cr11 Cr13 Cr10 Cr13 Cr16 Cr20 Cr12 Cr9 Cr34 Cr38 Cr
EBITDA0.91 Cr-1 Cr4 Cr1 Cr-0.88 Cr1 Cr4 Cr1 Cr0.27 Cr2 Cr3 Cr1 Cr
OPM %6.2%-23.2%24.6%10.1%-9.6%8.3%21.8%6.2%2.3%16.3%9.1%3.7%
Other income0.76 Cr0.14 Cr1 Cr0.17 Cr0.24 Cr0.22 Cr0.17 Cr0.23 Cr0.20 Cr0.36 Cr0.26 Cr0.14 Cr
Interest1 Cr0.85 Cr1 Cr1.00 Cr0.99 Cr0.97 Cr2 Cr1.00 Cr1 Cr0.91 Cr2 Cr0.94 Cr
Depreciation0.22 Cr0.22 Cr0.35 Cr0.30 Cr0.29 Cr0.29 Cr0.28 Cr0.29 Cr0.29 Cr0.30 Cr0.31 Cr0.27 Cr
Profit before tax0.44 Cr-2 Cr4 Cr0.36 Cr-2 Cr0.11 Cr2 Cr0.24 Cr-0.90 Cr0.92 Cr0.64 Cr0.36 Cr
Tax %3.6%-0.5%10.9%2.1%0.3%45.0%3.7%28.1%-20.9%1.2%-0.9%46.7%
Net profit0.42 Cr-2 Cr3 Cr0.35 Cr-2 Cr0.06 Cr2 Cr0.18 Cr-1 Cr0.91 Cr0.65 Cr0.19 Cr
EPS (₹)₹0.27₹-1.26₹1.85₹0.20₹-1.13₹0.03₹0.48₹0.10₹-0.65₹0.54₹0.38₹0.11

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales92 Cr73 Cr67 Cr79 Cr62 Cr60 Cr58 Cr82 CrSign in free for the trailing twelve months
Operating expenses (approx.)89 Cr67 Cr63 Cr89 Cr56 Cr56 Cr52 Cr75 CrSign in free for the trailing twelve months
EBITDA4 Cr5 Cr4 Cr-10 Cr6 Cr3 Cr6 Cr7 CrSign in free for the trailing twelve months
OPM %4.0%7.3%6.6%-12.5%10.0%5.4%10.6%8.3%Sign in free for the trailing twelve months
Other income5 Cr0.78 Cr2 Cr17 Cr1 Cr2 Cr0.75 Cr1 CrSign in free for the trailing twelve months
Interest3 Cr3 Cr4 Cr3 Cr4 Cr4 Cr5 Cr5 CrSign in free for the trailing twelve months
Depreciation3 Cr2 Cr2 Cr1 Cr1 Cr1 Cr1 Cr1 CrSign in free for the trailing twelve months
Profit before tax2 Cr0.77 Cr1 Cr2 Cr2 Cr0.63 Cr1 Cr0.91 CrSign in free for the trailing twelve months
Tax %9.8%18.8%12.1%-1.1%19.6%64.4%13.6%28.7%Sign in free for the trailing twelve months
Net profit2 Cr0.62 Cr1 Cr2 Cr1 Cr0.23 Cr0.89 Cr0.65 CrSign in free for the trailing twelve months
EPS (₹)₹1.03₹0.40₹0.67₹1.35₹0.86₹0.15₹0.30₹0.38Sign in free for the trailing twelve months
Dividend payout %——0.0%7.3%12.2%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr
Reserves62 Cr62 Cr63 Cr63 Cr67 Cr67 Cr68 Cr68 Cr
Borrowings23 Cr19 Cr24 Cr23 Cr61 Cr88 Cr84 Cr90 Cr
Other liabilities46 Cr28 Cr34 Cr45 Cr48 Cr38 Cr39 Cr44 Cr
Total liabilities149 Cr127 Cr138 Cr147 Cr192 Cr210 Cr208 Cr220 Cr
Fixed assets (net)10 Cr8 Cr6 Cr6 Cr5 Cr4 Cr4 Cr3 Cr
CWIP——0.23 Cr——0 Cr0 Cr—
Investments3 Cr3 Cr3 Cr0.33 Cr3 Cr6 Cr5 Cr3 Cr
Inventories17 Cr25 Cr30 Cr11 Cr38 Cr31 Cr36 Cr35 Cr
Trade receivables80 Cr53 Cr66 Cr107 Cr123 Cr153 Cr149 Cr162 Cr
Cash & bank4 Cr0.37 Cr0.16 Cr0.19 Cr0.59 Cr0.39 Cr1 Cr0.94 Cr
Other assets35 Cr36 Cr32 Cr23 Cr21 Cr15 Cr13 Cr15 Cr
Total assets149 Cr127 Cr138 Cr147 Cr192 Cr210 Cr208 Cr220 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-1 Cr2 Cr-2 Cr-1 Cr-33 Cr-23 Cr10 Cr-2 Cr
Cash from investing3 Cr2 Cr0.25 Cr5 Cr0.51 Cr-1 Cr0.40 Cr1 Cr
Cash from financing1 Cr-7 Cr2 Cr-4 Cr33 Cr24 Cr-9 Cr0.28 Cr
Net cash flow3 Cr-3 Cr-0.21 Cr0.03 Cr0.40 Cr-0.20 Cr0.62 Cr-0.07 Cr
Free cash flow (OCF − Capex)-1 Cr2 Cr-3 Cr-2 Cr-34 Cr-23 Cr9 Cr-2 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.0%3.7%4.7%5.5%4.3%2.8%3.4%3.6%
ROE %2.2%0.8%1.4%2.9%1.7%0.3%0.7%0.8%
Debtor days315266356494726936937722
Inventory days93184228103245308809223
Days payable171113159279221218541159
Cash conversion cycle23733742531975010271206785
OCF / EBITDA %-33.2%38.1%-53.6%—-541.6%-701.7%154.9%-22.6%
OCF / EBITDA % (3 years)——-11.8%—n.m.—-299.2%-90.6%
Debt / equity0.290.250.300.290.731.050.991.06
Current ratio2.223.052.902.721.921.751.771.73
Net debt / EBITDA5.27———9.7027.1813.4813.17