NSEI:AKASH

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Akash Infra-Projects

Executive Summary

Akash Infra-Projects Limited engages in the civil construction business in India.


Snowflake Analysis

Excellent balance sheet with questionable track record.

Share Price & News

How has Akash Infra-Projects's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AKASH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.8%

AKASH

10.0%

IN Construction

4.3%

IN Market


1 Year Return

52.0%

AKASH

-43.6%

IN Construction

-20.7%

IN Market

Return vs Industry: AKASH exceeded the Indian Construction industry which returned -43.6% over the past year.

Return vs Market: AKASH exceeded the Indian Market which returned -20.7% over the past year.


Shareholder returns

AKASHIndustryMarket
7 Day1.8%10.0%4.3%
30 Day-0.6%0.3%-1.7%
90 Day-12.0%-24.4%-14.4%
1 Year53.3%52.0%-42.3%-43.6%-19.1%-20.7%
3 Yearn/a-34.2%-37.1%-9.4%-14.3%
5 Yearn/a-19.3%-24.5%13.2%2.6%

Price Volatility Vs. Market

How volatile is Akash Infra-Projects's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Akash Infra-Projects undervalued compared to its fair value and its price relative to the market?

38.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AKASH (₹84.5) is trading above our estimate of fair value (₹2.91)

Significantly Below Fair Value: AKASH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AKASH is poor value based on its PE Ratio (38.5x) compared to the Construction industry average (7.6x).

PE vs Market: AKASH is poor value based on its PE Ratio (38.5x) compared to the Indian market (10x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AKASH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AKASH is overvalued based on its PB Ratio (1.8x) compared to the IN Construction industry average (0.4x).


Next Steps

Future Growth

How is Akash Infra-Projects forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Akash Infra-Projects has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Akash Infra-Projects performed over the past 5 years?

-27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AKASH has high quality earnings.

Growing Profit Margin: AKASH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AKASH's earnings have declined by -27.8% per year over the past 5 years.

Accelerating Growth: AKASH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AKASH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (2.7%).


Return on Equity

High ROE: AKASH's Return on Equity (5%) is considered low.


Next Steps

Financial Health

How is Akash Infra-Projects's financial position?


Financial Position Analysis

Short Term Liabilities: AKASH's short term assets (₹962.2M) exceed its short term liabilities (₹284.8M).

Long Term Liabilities: AKASH's short term assets (₹962.2M) exceed its long term liabilities (₹116.3M).


Debt to Equity History and Analysis

Debt Level: AKASH's debt to equity ratio (20.1%) is considered satisfactory.

Reducing Debt: AKASH's debt to equity ratio has reduced from 54.8% to 20.1% over the past 5 years.

Debt Coverage: AKASH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AKASH's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Akash Infra-Projects's current dividend yield, its reliability and sustainability?

0.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AKASH's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.84%).

High Dividend: AKASH's dividend (0.59%) is low compared to the top 25% of dividend payers in the Indian market (3.54%).


Stability and Growth of Payments

Stable Dividend: AKASH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AKASH has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.8%), AKASH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Yoginkumar Patel (55yo)

3.33yrs

Tenure

₹7,200,000

Compensation

Mr. Yoginkumar Haribhai Patel has been Managing Director of Akash Infra-Projects Limited since January 18, 2017 and serves as its Chairman. Mr. Patel has 29 Years of Experience in the field of Civil Engine ...


CEO Compensation Analysis

Compensation vs Market: Yoginkumar's total compensation ($USD95.22K) is above average for companies of similar size in the Indian market ($USD50.27K).

Compensation vs Earnings: Yoginkumar's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Yoginkumar Patel
Chairman & MD3.33yrs₹7.20m27.01% 384.9m
Ambusinh Gol
MD & Executive Non-Independent Director18.75yrs₹7.20m22.77% 324.5m
Dineshkumar Patel
Whole Time Director18.75yrs₹2.70m4.74% 67.6m
Premalsinh Gol
Whole Time Director18.83yrs₹2.70m5.93% 84.5m
Sujitkumar Padhi
Chief Financial Officer3.33yrs₹315.00kno data
Priyanka Munshi
Company Secretary & Compliance Officer1yrno datano data

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: AKASH's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yoginkumar Patel
Chairman & MD3.33yrs₹7.20m27.01% 384.9m
Ambusinh Gol
MD & Executive Non-Independent Director18.75yrs₹7.20m22.77% 324.5m
Dineshkumar Patel
Whole Time Director18.75yrs₹2.70m4.74% 67.6m
Premalsinh Gol
Whole Time Director18.83yrs₹2.70m5.93% 84.5m
Bhavanaben Gol
Non-Executive Non-Independent Director18.75yrs₹60.00k1.88% 26.8m
Monika Sankhla
Non-Executive Independent Director3.33yrs₹50.00kno data
Bhanuchandra Bhavsar
Additional Non-Executive Independent Director3.33yrs₹50.00kno data
Ashwinkumar Jani
Non-Executive Independent Director3.33yrs₹50.00k0.012% 169.0k
Ghanshyambhai Patel
Additional Independent Director0.75yrno datano data
Varsha Thakkar
Additional Independent Director0.75yrno datano data

3.3yrs

Average Tenure

54yo

Average Age

Experienced Board: AKASH's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.1%.


Top Shareholders

Company Information

Akash Infra-Projects Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Akash Infra-Projects Limited
  • Ticker: AKASH
  • Exchange: NSEI
  • Founded: 1997
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹1.425b
  • Shares outstanding: 16.86m
  • Website: https://www.akashinfra.com

Location

  • Akash Infra-Projects Limited
  • Abhishek Complex
  • 2, Ground Floor
  • Gandhinagar
  • Gujarat
  • 382011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKASHNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2017

Biography

Akash Infra-Projects Limited engages in the civil construction business in India. It undertakes various government contracts for the construction, resurfacing, widening, and repair of roads and bridges. The company is also involved in the construction of buildings, culverts, dams, godowns, etc. In addition, it operates and manages hotel under the Pathikashram name; and provides finance and real estate services. The company was founded in 1997 and is based in Gandhinagar, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 13:52
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.