Akash Infra-Projects Ltd. (IN:AKASH)
:AKASH
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Akash Infra-Projects Ltd.
(AKASH)
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Rating:57Neutral
Price Target:
₹29.00
▲(20.33% Upside)
Action:DowngradedDate:01/29/26
The score reflects moderate financial performance (improving cash flow and revenue recovery) tempered by high leverage and uneven profitability. Technical indicators are notably weak with price below key moving averages and bearish momentum, while valuation offers limited support given a 26.13 P/E and no dividend yield data.
Positive Factors
Improving Cash Generation
Free cash flow turning positive in 2025 reflects improved cash conversion from operations. This durable improvement supports funding of working capital, modest capex and debt service without equity raises, reducing refinancing risk and providing flexibility over the next several quarters.
Negative Factors
High Leverage
A debt-to-equity ratio around 1.02 indicates elevated leverage that increases interest burden and refinancing exposure. Over a multi-quarter horizon this constrains capital allocation, limits the ability to invest in growth projects, and heightens vulnerability to interest rate or project delays.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
Free cash flow turning positive in 2025 reflects improved cash conversion from operations. This durable improvement supports funding of working capital, modest capex and debt service without equity raises, reducing refinancing risk and providing flexibility over the next several quarters.
Read all positive factors
Akash Infra-Projects Ltd. (AKASH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹433.20M
Dividend YieldN/A
Average Volume (3M)33.57K
Price to Earnings (P/E)11.8
Beta (1Y)0.53
Revenue Growth51.76%
EPS GrowthN/A
CountryIN
Employees32
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.54
Shares Outstanding16,862,534
10 Day Avg. Volume15,662
30 Day Avg. Volume33,569
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)0.51
Price to Sales (P/S)0.75
P/FCF Ratio8.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Akash Infra-Projects Ltd. Business Overview & Revenue Model
Company Description
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 construc...
How the Company Makes Money
Akash Infra-Projects Ltd. generates revenue primarily through the execution of large-scale infrastructure projects, where it earns income from construction contracts, project management fees, and consultancy services. The company typically engages...
Akash Infra-Projects Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
60
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 673.81M | 579.96M | 595.23M | 617.80M | 721.23M | 670.57M |
| Gross Profit | 201.33M | 193.62M | 125.20M | 282.87M | 113.58M | 244.87M |
| EBITDA | 79.12M | 69.11M | 57.35M | 67.81M | -97.45M | 56.90M |
| Net Income | 11.94M | 5.52M | 2.26M | 13.79M | 23.23M | 11.53M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.08B | 2.10B | 1.92B | 1.50B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 59.55M | 69.56M | 37.97M | 34.02M | 36.81M | 117.72M |
| Total Debt | 862.20M | 862.29M | 907.88M | 605.64M | 227.15M | 239.57M |
| Total Liabilities | 1.23B | 1.24B | 1.26B | 1.09B | 675.32M | 575.47M |
| Stockholders Equity | 837.23M | 846.65M | 837.97M | 835.27M | 822.52M | 799.21M |
Cash Flow | ||||||
| Free Cash Flow | 16.65M | 52.05M | -227.17M | -338.74M | -22.04M | -28.26M |
| Operating Cash Flow | 17.89M | 95.48M | -226.81M | -334.83M | -12.63M | -23.71M |
| Investing Cash Flow | 6.99M | 3.96M | -10.33M | 5.15M | 51.82M | 1.36M |
| Financing Cash Flow | -23.44M | -93.28M | 235.15M | 333.73M | -38.92M | 20.27M |
Akash Infra-Projects Ltd. Technical Analysis
Positive
24.10
Price Trends
24.80
Positive
25.52
Negative
26.83
Negative
Market Momentum
-0.16
Negative
53.24
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKASH, the sentiment is Positive. The current price of 24.1 is below the 20-day moving average (MA) of 24.39, below the 50-day MA of 24.80, and below the 200-day MA of 26.83, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 53.24 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AKASH.
Akash Infra-Projects Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | ₹433.20M | 11.84 | ― | ― | 51.76% | ― | |
57 Neutral | ₹3.42B | 186.32 | ― | 0.47% | -7.32% | -26.92% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
43 Neutral | ₹852.39M | -0.31 | ― | ― | 4.63% | 67.17% | |
38 Underperform | ₹218.94M | -39.14 | ― | ― | 535.41% | ― |
* Services Sector Average
IN:AKASH
Akash Infra-Projects Ltd.
25.69
0.63
2.51%
IN:KRIDHANINF
Kridhan Infra Limited
2.31
-1.45
-38.56%
IN:MEP
MEP Infrastructure Developers Ltd.
0.85
-0.43
-33.59%
IN:RPPINFRA
RPP Infra Projects Ltd.
68.90
-87.08
-55.83%
IN:SADBHIN
Sadbhav Infrastructure Project Ltd.
2.42
-2.26
-48.29%
IN:SKIL
SKIL Infrastructure Limited
0.93
-2.99
-76.28%
Akash Infra-Projects Ltd. Corporate Events
Akash Infra-Projects Seeks Capital Boost via EGM-Backed Warrant Issue
Mar 16, 2026
Akash Infra-Projects Ltd. held an Extraordinary General Meeting on March 16, 2026 via video conferencing to consider key capital-related resolutions, with directors, auditors, and one registered speaker shareholder participating and members given ...
Akash Infra-Projects Gets Unanimous Shareholder Nod at Extraordinary General Meeting
Mar 16, 2026
Akash Infra-Projects Ltd. informed the stock exchange that all resolutions proposed at its Extraordinary General Meeting held on March 16, 2026, were unanimously approved by shareholders through a combination of remote e-voting and electronic voti...
Akash Infra-Projects issues second corrigendum ahead of March 16 virtual EGM
Mar 9, 2026
Akash Infra-Projects Ltd. has issued a second corrigendum to its earlier notice convening an Extraordinary General Meeting, updating the explanatory statement for one of the agenda items in line with SEBI capital-issue regulations and applicable c...
Akash Infra-Projects Sets March 16 Virtual EGM With Remote E-Voting
Feb 23, 2026
Akash Infra-Projects Ltd. has scheduled an Extra-Ordinary General Meeting on March 16, 2026, to be held via audio/visual means in line with MCA and SEBI circulars, enabling shareholders to participate without physical presence. The company has iss...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.