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