Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 10,298 Cr.
- Current Price ₹ 280
- High / Low ₹ 479 / 259
- Stock P/E 40.8
- Book Value ₹ 136
- Dividend Yield 0.71 %
- ROCE 15.1 %
- ROE 6.98 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 20.1%
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 12.0% over last 3 years.
- Promoters have pledged 100% of their holding.
- 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.
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,013 | 4,175 | 5,740 | 5,805 | 7,732 | 9,255 | 8,931 | 10,499 | 12,467 | 12,907 | 12,500 | 11,938 | 11,246 | |
| 2,763 | 3,723 | 5,261 | 5,244 | 7,210 | 8,499 | 8,183 | 9,729 | 11,126 | 11,545 | 11,036 | 10,657 | 10,165 | |
| Operating Profit | 250 | 452 | 479 | 561 | 522 | 756 | 748 | 770 | 1,340 | 1,363 | 1,464 | 1,281 | 1,081 |
| OPM % | 8% | 11% | 8% | 10% | 7% | 8% | 8% | 7% | 11% | 11% | 12% | 11% | 10% |
| 155 | 130 | 100 | 145 | 199 | 243 | 216 | 287 | 196 | 370 | 462 | 270 | 302 | |
| Interest | 179 | 269 | 299 | 302 | 277 | 386 | 466 | 423 | 444 | 577 | 628 | 673 | 684 |
| Depreciation | 125 | 155 | 166 | 195 | 235 | 234 | 245 | 351 | 469 | 491 | 489 | 452 | 397 |
| Profit before tax | 101 | 158 | 114 | 209 | 210 | 378 | 253 | 283 | 623 | 665 | 809 | 426 | 301 |
| 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 | 191 | |
| 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 | 5.20 |
| Dividend Payout % | 14% | 25% | 29% | 20% | 20% | 10% | 20% | 10% | 7% | 19% | 16% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 6% |
| 3 Years: | -1% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 22% |
| 3 Years: | -7% |
| TTM: | -59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -34% |
| 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 | -396 | ||||||
| -406 | -543 | -516 | -471 | 246 | 292 | 476 | ||||||
| Net Cash Flow | 84 | 70 | -157 | -94 | 168 | 35 | -54 | |||||
| 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 | 128 |
| Days Payable | 556 | 350 | 241 | 328 | 445 | 443 | 433 | 317 | 328 | 392 | 395 | 523 |
| Cash Conversion Cycle | 421 | -158 | -103 | -140 | -194 | -207 | -204 | -89 | -119 | -161 | -207 | -294 |
| 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 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Order Book (Pending Order Book) INR Crore |
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| Domestic Order Book Share % |
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| Order Inflow INR Crore |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Afcons uploaded Q1 FY27 earnings conference call audio recording on August 10, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- The copies of Newspaper Publication w.r.t containing publication of unaudited Financial Result for the Quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Investor Presentation
- The intimation of Investor Presentation on the unaudited Financial Result for the quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q1 FY27 results showed ₹13,219 Cr order inflow; India’s tallest road cable-stayed bridge inaugurated.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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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.