Ashoka Buildcon - Strong Close To FY21, Asset-Monetisation Progressing: Anand Rathi

Surveyors work on top of a concrete support structure at a road construction site in New Delhi. (Photographer: Qilai Shen/Bloomberg News).

Ashoka Buildcon - Strong Close To FY21, Asset-Monetisation Progressing: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Q4 FY21 was enthusing for Ashoka Buildcon Ltd.

Quarterly revenue scaled a new high, margins were strong and the standalone balance sheet healthy.

Strong orders added early in FY22, too, augur well, and bright bid prospects set the stage for even better times.

Asset-monetisation efforts, too, have been progressing gradually.

Success here could help assuage the SBI-Macquarie exit overhang and free up capital.

Risk- Considerable delay in orders added.

Click on the attachment to read the full report:

Anand Rathi Ashoka Buildcon Company Update.pdf

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