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Below is the edited transcript of Satish Parakh's interview with CNBC-TV18
Q: Can you tell us whether you are noticing any pressure on toll collections in any of the areas where you collect toll?
A: In the last three quarters growth has not been achieved as expected. It is almost flat. This is happening all over the country.
Q: Which are the specific roads where you are noticing the slowdown?
A: There is slowdown in Dhankuni and our highway projects like Belgaum-Dharwad.
Q: What is the extent of the fall in collection if you can give us an year-on-year (Y-o-Y) comparison or a quarter-on-quarter (Q-o-Q) comparison?
A: There is no fall, but we are not seeing the expected growth instead of 5 percentages, it is just one-two percent.
Q: The report suggest that toll companies like yours and even another one - one of your peer companies -- have seen a decline sequentially in toll collections, that has not happened?
A: There is decline in one of the projects, but overall average there is a rise of 1-2 percent.
Q: The decline was in Dhankuni-Kharagpur?
A: Dhankuni-Kharagpur is almost flat.
Q: Where was the decline?
A: Decline was in Belgaum-Dharwad and Bhandara project.
Q: Given the fact that the economy is slowed down plus the toll collections have not been so high, what is going to happen with respect to rates or the tolls, do you expect that to be cut or going up, could you give us an outlook?
A: Toll rates are related to inflation. We have a 3 percent fix rise and 40 percent of inflation.
Q: Have you all been able to pass it on or because of the slowdown it is difficult to pass on this, we have seen that in the case of many other consumer goods as well where the companies have been unable to pas on inflation linked cost?
A: Yes, the rates are being governed by government. So they are passed on to the consumers.
Ashoka Buildcon stock price
On December 03, 2013, Ashoka Buildcon closed at Rs 58.90, down Rs 1.3, or 2.16 percent. The 52-week high of the share was Rs 82.48 and the 52-week low was Rs 41.30.
The company's trailing 12-month (TTM) EPS was at Rs 6.58 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 8.95. The latest book value of the company is Rs 54.06 per share. At current value, the price-to-book value of the company is 1.09.
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