Akash Infra-Projects Ltd. (IN:AKASH)
:AKASH
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Akash Infra-Projects Ltd.
(AKASH)
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Rating:51Neutral
Price Target:
₹28.00
▲(16.18% Upside)
Action:Reiterated
Date:06/07/26
The score is primarily held back by below-average financial quality, led by multi-year volatility and weakness in operating/free cash flow and elevated leverage with very low returns on equity. Technicals provide moderate support as the stock trades above major moving averages with neutral-to-positive momentum. Valuation is middling (P/E ~22.8) and does not strongly offset the cash-flow and balance-sheet risks.
Positive Factors
Revenue Momentum
A meaningful FY2026 revenue rebound (21.34%) signals improving top-line traction in a project-driven business. Sustained revenue growth can increase backlog visibility, allow better absorption of fixed costs, and provide a foundation for steadier margins and scale over the next several quarters.
Negative Factors
Weak Cash Generation
Multi-year negative/volatile operating and free cash flow is a structural risk for project businesses: it constrains funding for working capital and capex, raises dependence on external financing, and amplifies execution risk. Without durable cash conversion, growth can force refinancing or diluted capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Momentum
A meaningful FY2026 revenue rebound (21.34%) signals improving top-line traction in a project-driven business. Sustained revenue growth can increase backlog visibility, allow better absorption of fixed costs, and provide a foundation for steadier margins and scale over the next several quarters.
Read all positive factors
Akash Infra-Projects Ltd. (AKASH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹449.72M
Dividend YieldN/A
Average Volume (3M)33.57K
Price to Earnings (P/E)70.0
Beta (1Y)0.61
Revenue Growth40.97%
EPS Growth-27.69%
CountryIN
Employees32
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.03
Shares Outstanding16,862,534
10 Day Avg. Volume15,662
30 Day Avg. Volume33,569
Financial Highlights & Ratios
PEG Ratio3.29
Price to Book (P/B)0.46
Price to Sales (P/S)0.48
P/FCF Ratio-6.08
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 is an Indian company primarily engaged in civil engineering and construction. The firm specializes in securing and executing government contracts for major infrastructure undertakings, such as the construction, resurfa...
How the Company Makes Money
null...
Akash Infra-Projects Ltd. Financial Statement Overview
Summary
Income Statement
53
Neutral
Balance Sheet
47
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 673.81M | 817.60M | 579.96M | 595.23M | 617.80M | 721.23M |
| Gross Profit | 201.33M | 170.55M | 193.62M | 125.20M | 282.87M | 113.58M |
| EBITDA | 79.12M | 67.90M | 69.11M | 57.35M | 67.81M | -97.45M |
| Net Income | 11.94M | 6.49M | 5.52M | 2.26M | 13.79M | 23.23M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.20B | 2.08B | 2.10B | 1.92B | 1.50B |
| Cash, Cash Equivalents and Short-Term Investments | 59.55M | 54.75M | 69.56M | 37.97M | 34.02M | 36.81M |
| Total Debt | 862.20M | 923.20M | 862.29M | 907.88M | 605.64M | 227.15M |
| Total Liabilities | 1.23B | 1.34B | 1.24B | 1.26B | 1.09B | 675.32M |
| Stockholders Equity | 837.23M | 852.67M | 846.65M | 837.97M | 835.27M | 822.52M |
Cash Flow | ||||||
| Free Cash Flow | 16.65M | -63.94M | 52.05M | -227.17M | -338.74M | -22.04M |
| Operating Cash Flow | 17.89M | -62.27M | 95.48M | -226.81M | -334.83M | -12.63M |
| Investing Cash Flow | 6.99M | 6.43M | 3.96M | -10.33M | 5.15M | 51.82M |
| Financing Cash Flow | -23.44M | 55.13M | -93.28M | 235.15M | 333.73M | -38.92M |
Akash Infra-Projects Ltd. Technical Analysis
Negative
24.10
Price Trends
27.15
Negative
25.98
Positive
26.67
Negative
Market Momentum
-0.12
Positive
47.54
Neutral
38.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKASH, the sentiment is Negative. The current price of 24.1 is below the 20-day moving average (MA) of 27.21, below the 50-day MA of 27.15, and below the 200-day MA of 26.67, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 38.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹272.02M | 14.07 | ― | ― | 33.66% | -97.13% | |
51 Neutral | ₹449.72M | 69.96 | ― | ― | 40.97% | -27.69% | |
46 Neutral | ₹3.21B | 26.25 | ― | 0.47% | 4.13% | -84.27% | |
43 Neutral | ₹1.04B | -5.19 | ― | ― | 10.03% | 73.66% |
* Services Sector Average
IN:AKASH
Akash Infra-Projects Ltd.
26.40
-2.22
-7.76%
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IN:SKIL
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-66.32%
Akash Infra-Projects Ltd. Corporate Events
Akash Infra-Projects Allots 40 Lakh Convertible Warrants on Preferential Basis
Apr 7, 2026
Akash Infra-Projects Ltd. has approved the allotment of 40,00,000 convertible warrants on a preferential basis at an issue price of Rs. 40 per warrant, with 25% of the subscription amount aggregating to Rs. 4 crore already received. The warrants, ...
Akash Infra-Projects Allots 40 Lakh Convertible Warrants on Preferential Basis
Apr 7, 2026
Akash Infra-Projects Ltd. has approved the allotment of 40,00,000 convertible warrants on a preferential basis, each priced at Rs. 40, after receiving 25% of the issue price as upfront subscription amount totaling Rs. 4 crore. The issue, made in d...
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...
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.