Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 12,470 Cr.
- Current Price ₹ 339
- High / Low ₹ 479 / 266
- Stock P/E 37.8
- Book Value ₹ 136
- Dividend Yield 0.74 %
- ROCE 14.8 %
- ROE 6.72 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.98% over past five years.
- Company has a low return on equity of 11.9% over last 3 years.
- Promoters have pledged 60.1% of their holding.
- Dividend payout has been low at 11.6% of profits over last 3 years
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE 500 Nifty 500 Nifty500 Shariah Nifty Smallcap 100 BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,013 | 4,175 | 5,740 | 5,805 | 7,732 | 9,255 | 8,931 | 10,499 | 12,467 | 12,907 | 12,500 | 11,938 | |
| 2,763 | 3,723 | 5,261 | 5,244 | 7,210 | 8,499 | 8,183 | 9,729 | 11,126 | 11,545 | 11,036 | 10,681 | |
| Operating Profit | 250 | 452 | 479 | 561 | 522 | 756 | 748 | 770 | 1,340 | 1,363 | 1,464 | 1,258 |
| OPM % | 8% | 11% | 8% | 10% | 7% | 8% | 8% | 7% | 11% | 11% | 12% | 11% |
| 155 | 130 | 100 | 145 | 199 | 243 | 216 | 287 | 196 | 370 | 462 | 294 | |
| Interest | 179 | 269 | 299 | 302 | 277 | 386 | 466 | 423 | 444 | 577 | 628 | 673 |
| Depreciation | 125 | 155 | 166 | 195 | 235 | 234 | 245 | 351 | 469 | 491 | 489 | 452 |
| Profit before tax | 101 | 158 | 114 | 209 | 210 | 378 | 253 | 283 | 623 | 665 | 809 | 426 |
| Tax % | 22% | 44% | 34% | 38% | 40% | 36% | 50% | 8% | 34% | 34% | 28% | 32% |
| 79 | 88 | 75 | 129 | 125 | 242 | 126 | 259 | 410 | 442 | 586 | 290 | |
| EPS in Rs | 10.97 | 12.19 | 10.44 | 17.90 | 17.38 | 33.61 | 17.50 | 36.03 | 56.92 | 12.98 | 15.94 | 7.88 |
| Dividend Payout % | 14% | 25% | 29% | 20% | 20% | 10% | 20% | 10% | 7% | 19% | 16% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 6% |
| 3 Years: | -1% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 21% |
| 3 Years: | -8% |
| TTM: | -44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 341 | 368 | 368 |
| Reserves | 584 | 939 | 982 | 1,088 | 1,211 | 1,394 | 1,498 | 2,167 | 2,147 | 2,735 | 4,459 | 4,634 |
| 1,862 | 2,509 | 2,462 | 2,109 | 2,023 | 2,101 | 2,061 | 1,629 | 2,077 | 2,538 | 2,359 | 3,645 | |
| 1,911 | 3,038 | 3,321 | 4,333 | 6,452 | 8,865 | 8,213 | 8,532 | 9,342 | 9,998 | 9,490 | 10,033 | |
| Total Liabilities | 4,429 | 6,559 | 6,836 | 7,602 | 9,757 | 12,431 | 11,844 | 12,400 | 13,638 | 15,611 | 16,675 | 18,680 |
| 899 | 1,479 | 1,611 | 1,566 | 1,659 | 1,912 | 1,985 | 2,305 | 2,447 | 2,770 | 2,725 | 2,487 | |
| CWIP | 174 | 124 | 21 | 22 | 31 | 18 | 146 | 18 | 184 | 43 | 33 | 901 |
| Investments | 99 | 113 | 109 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 20 | 20 |
| 3,256 | 4,843 | 5,095 | 6,003 | 8,056 | 10,490 | 9,701 | 10,065 | 10,995 | 12,786 | 13,897 | 15,273 | |
| Total Assets | 4,429 | 6,559 | 6,836 | 7,602 | 9,757 | 12,431 | 11,844 | 12,400 | 13,638 | 15,611 | 16,675 | 18,680 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 824 | 794 | 570 | 1,198 | 813 | -117 | -135 | ||||||
| -334 | -181 | -211 | -820 | -891 | -139 | -394 | ||||||
| -406 | -543 | -516 | -471 | 246 | 292 | 476 | ||||||
| Net Cash Flow | 84 | 70 | -157 | -94 | 168 | 35 | -52 | |||||
| Free Cash Flow | 428 | 345 | 218 | 330 | 101 | -454 | -498 | |||||
| CFO/OP | 125% | 113% | 89% | 97% | 78% | 8% | 8% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 42 | 45 | 83 | 88 | 90 | 97 | 76 | 60 | 84 | 79 | 101 |
| Inventory Days | 905 | 149 | 93 | 104 | 164 | 145 | 132 | 152 | 150 | 148 | 110 | 46 |
| Days Payable | 556 | 350 | 241 | 328 | 445 | 443 | 433 | 317 | 328 | 392 | 395 | 188 |
| Cash Conversion Cycle | 421 | -158 | -103 | -140 | -194 | -207 | -204 | -89 | -119 | -161 | -207 | -41 |
| Working Capital Days | 149 | 133 | 98 | 116 | 78 | 6 | -6 | -3 | 3 | 1 | 60 | 56 |
| ROCE % | 11% | 14% | 12% | 15% | 15% | 22% | 20% | 19% | 27% | 25% | 23% | 15% |
Insights
In beta| Mar 2015 | Sep 2016 | Sep 2017 | Sep 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Order Book INR Crores |
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| Order Inflow INR Crores |
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| Overseas Project Recognition (Five Star Export House) Countries Presence |
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| Tunnel Boring Machines (TBMs) Number |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual secretarial compliance report for FY2026; no company violations, minor promoter entity fines paid.
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 27 May
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 27 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - Afcons schedules investor meetings with Investec, SBI MF, MK Ventures, 360 ONE Capital and BofA in May-June 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 May - Transcript of Q4 & FY26 Earnings Conference Call
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Nov 2024TranscriptAI SummaryPPT
Business Profile[1]
Afcons Infrastructure Ltd. is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, with expertise in executing large, complex and high-value EPC projects globally.