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AKAS

Akash Infra-ProjectsNSEI:AKASH Stock Report

Market Cap

₹3.9b

7D

-1.1%

1Y

-6.3%

Updated

21 Oct, 2021

Data

Company Financials
AKASH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

AKASH Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Akash Infra-Projects
Historical stock prices
Current Share Price₹233.45
52 Week High₹146.00
52 Week Low₹281.00
Beta0.72
1 Month Change26.84%
3 Month Change9.27%
1 Year Change-6.28%
3 Year Change326.98%
5 Year Changen/a
Change since IPO465.77%

Recent News & Updates

Sep 15
Capital Allocation Trends At Akash Infra-Projects (NSE:AKASH) Aren't Ideal

Capital Allocation Trends At Akash Infra-Projects (NSE:AKASH) Aren't Ideal

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...

Aug 17
Here's Why Akash Infra-Projects (NSE:AKASH) Can Manage Its Debt Responsibly

Here's Why Akash Infra-Projects (NSE:AKASH) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Mar 18
These 4 Measures Indicate That Akash Infra-Projects (NSE:AKASH) Is Using Debt Extensively

These 4 Measures Indicate That Akash Infra-Projects (NSE:AKASH) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

AKASHIN ConstructionIN Market
7D-1.1%-0.8%-2.4%
1Y-6.3%86.3%62.6%

Return vs Industry: AKASH underperformed the Indian Construction industry which returned 88.6% over the past year.

Return vs Market: AKASH underperformed the Indian Market which returned 63.7% over the past year.

Price Volatility

Is AKASH's price volatile compared to industry and market?
AKASH volatility
AKASH Beta0.72
Industry Beta0.89
Market Beta1

Stable Share Price: AKASH is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: AKASH's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1997n/aAmbusinh Golhttps://www.akashinfra.com

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.; and mining business.

Akash Infra-Projects Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
AKASH income statement (TTM)
Revenue₹656.82m
Cost of Revenue₹443.38m
Gross Profit₹213.44m
Expenses₹196.37m
Earnings₹17.07m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.01
Gross Margin32.50%
Net Profit Margin2.60%
Debt/Equity Ratio30.7%

How did AKASH perform over the long term?

See historical performance and comparison

Dividends

0.04%

Current Dividend Yield

10%

Payout Ratio

Valuation

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

230.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AKASH (₹233.45) is trading above our estimate of fair value (₹0.76)

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 (230.7x) compared to the Indian Construction industry average (19.4x).

PE vs Market: AKASH is poor value based on its PE Ratio (230.7x) compared to the Indian market (21.5x).


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 (4.9x) compared to the IN Construction industry average (1.1x).


Future Growth

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

23.8%

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.


Past Performance

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

-34.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AKASH has a large one-off loss of ₹6.6M impacting its September 30 2021 financial results.

Growing Profit Margin: AKASH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AKASH's earnings have declined by 34.1% 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 (11.2%).


Return on Equity

High ROE: AKASH's Return on Equity (2.1%) is considered low.


Financial Health

How is Akash Infra-Projects's financial position?


Financial Position Analysis

Short Term Liabilities: AKASH's short term assets (₹1.3B) exceed its short term liabilities (₹419.5M).

Long Term Liabilities: AKASH's short term assets (₹1.3B) exceed its long term liabilities (₹166.3M).


Debt to Equity History and Analysis

Debt Level: AKASH's debt to equity ratio (30.7%) is considered satisfactory.

Reducing Debt: AKASH's debt to equity ratio has increased from 14% to 30.7% 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 not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

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

0.042%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AKASH's dividend (0.042%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: AKASH's dividend (0.042%) is low compared to the top 25% of dividend payers in the Indian market (1.38%).


Stability and Growth of Payments

Stable Dividend: AKASH is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: AKASH is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: AKASH is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AKASH's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Ambusinh Gol (55 yo)

4.75yrs

Tenure

₹3,450,000

Compensation

Mr. Ambusinh Punjaji Gol has been Managing Director of Akash Infra-Projects Limited since January 18, 2017 and also has been its Executive Non-Independent Director since August 15, 2001. Mr. Gol is Chairma...


CEO Compensation Analysis

Compensation vs Market: Ambusinh's total compensation ($USD46.10K) is about average for companies of similar size in the Indian market ($USD38.82K).

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


Leadership Team

Experienced Management: AKASH's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: AKASH's board of directors are considered experienced (4.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Akash Infra-Projects Limited's 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: ₹3.937b
  • Shares outstanding: 16.86m
  • Website: https://www.akashinfra.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:19
End of Day Share Price2021/10/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.