Ashoka Buildcon guides for 20% revenue growth in FY27
The infrastructure firm targets ₹8,000-10,000 crore in new orders and plans to cut standalone debt by more than half through asset sales.
— 5 earlier stories on Ashoka Buildcon Ltd. →What's new
- FY27 guidance: 20% revenue growth, 9.5-10.5% EBITDA margins.
- New order inflow target of ₹8,000-10,000 crore across roads, railways, power transmission.
- Timeline for monetising six HAM assets extended; four by June 2026, last two by December 2026.
Why this matters
The guidance sets a clear bar for execution. The order inflow target, combined with the ₹15,312 crore book, shows ambition. The more immediate story is the debt reduction plan, which hinges on selling assets at a specific time.
What we're watching
- Execution of HAM asset sales against the new timeline.
- Progress on the ₹8,000-10,000 crore order inflow target in coming quarters.
- Quarterly margin performance relative to the 9.5-10.5% band.
The full read
Ashoka Buildcon is looking to grow revenue by 20% in FY27, guided by an order book of ₹15,312 crore. The company is targeting ₹8,000-10,000 crore in new orders this year across roads, railways and power transmission. EBITDA margins are expected to land between 9.5% and 10.5%. A key parallel track is deleveraging. Standalone debt is ₹1,127 crore, and the plan is to halve it to ₹500-600 crore by March 2027, driven by the sale of six HAM assets. The asset monetisation timeline has been pushed back. Management now expects to sell four by June 2026 and the last two by December, aiming for total cash of ₹1,150 crore. The concall summary is a standard post-results update; the guidance itself was the new information.
Questions answered
- What is Ashoka Buildcon's headline guidance for FY27?
- The company guided for 20% revenue growth and EBITDA margins between 9.5% and 10.5% for the fiscal year ending March 2027.
- How does the company plan to reduce its debt?
- Ashoka aims to cut standalone debt from ₹1,127 crore to ₹500-600 crore by March 2027, using cash from the sale of HAM assets and operational flows.
- What changed in the plan to sell HAM assets?
- The timeline to monetise six remaining HAM assets has been extended. Management now targets selling four assets by June 2026 and the final two by December 2026, expecting total cash inflows of around ₹1,150 crore.
- How large is the order book supporting this guidance?
- The company's order book stood at ₹15,312 crore as of the end of the quarter, providing visibility for the projected revenue growth.
Ashoka Buildcon Ltd.
Latest quarter · Mar 2026
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All notes on ASHOKA →- 22 May 2026 · 12:56 PM IST Ashoka Buildcon guides for 20% revenue growth in FY27
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