Ashoka Buildcon targets ₹10,000 cr in new orders for FY27
Management guides for 20% revenue growth and plans to raise ₹1,150 crore through the sale of six remaining HAM assets.
What's new
- Management guides for 20% revenue growth in FY27.
- EBITDA margins are targeted at 9.5% to 10.5% for the coming year.
- The company plans to monetize six HAM assets to generate ₹1,150 crore for debt reduction.
Why this matters
The focus on asset monetization is the most critical lever for Ashoka's balance sheet. Successfully recycling capital from these six HAM projects will determine how much debt the company can clear while it pursues a aggressive order book expansion.
What we're watching
- Actual order wins against the ₹8,000-10,000 crore target.
- Progress on the sale of the six remaining HAM assets.
- Whether EBITDA margins hold within the 9.5%-10.5% guidance range.
The full read
Ashoka Buildcon is setting an ambitious pace for FY27. Management is guiding for 20% revenue growth and expects EBITDA margins to land between 9.5% and 10.5%. To fund this expansion and clean up the balance sheet, the company is looking to monetize six remaining HAM assets, a move expected to pull in ₹1,150 crore. This capital recycling is the primary mechanism for debt reduction. Meanwhile, the order book remains the growth engine, with a target of ₹8,000-10,000 crore in new wins across road, railway, and power transmission. This transcript confirms the strategy discussed during the May 22, 2026 earnings call. The company's ability to hit these inflow targets while simultaneously offloading assets will be the true test of its operational focus in the coming year.
Questions answered
- What is the revenue growth guidance for FY27?
- Management expects revenue to grow by 20% in the upcoming fiscal year.
- What are the targeted EBITDA margins?
- The company is targeting double-digit EBITDA margins in the range of 9.5% to 10.5%.
- How does the company plan to reduce its debt?
- Ashoka plans to monetize six remaining HAM assets, which it expects will bring in approximately ₹1,150 crore in cash.
- What sectors is the company targeting for new orders?
- The company is looking for new business across the road, railway, and power transmission segments.