Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 12,017 Cr.
- Current Price ₹ 326
- High / Low ₹ 479 / 266
- Stock P/E 20.4
- Book Value ₹ 134
- Dividend Yield 0.77 %
- ROCE 22.5 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 19.0% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 6.20% over past five years.
- Promoters have pledged 60.1% of their holding.
* 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,727 | 3,013 | 4,175 | 5,740 | 5,805 | 7,732 | 9,255 | 8,931 | 10,499 | 12,467 | 12,907 | 12,500 | 12,543 | |
| 2,391 | 2,763 | 3,723 | 5,261 | 5,244 | 7,210 | 8,499 | 8,183 | 9,729 | 11,126 | 11,545 | 11,036 | 10,989 | |
| Operating Profit | 336 | 250 | 452 | 479 | 561 | 522 | 756 | 748 | 770 | 1,340 | 1,363 | 1,464 | 1,554 |
| OPM % | 12% | 8% | 11% | 8% | 10% | 7% | 8% | 8% | 7% | 11% | 11% | 12% | 12% |
| 73 | 155 | 130 | 100 | 145 | 199 | 243 | 216 | 287 | 196 | 370 | 462 | 288 | |
| Interest | 160 | 179 | 269 | 299 | 302 | 277 | 386 | 466 | 423 | 444 | 577 | 628 | 648 |
| Depreciation | 146 | 125 | 155 | 166 | 195 | 235 | 234 | 245 | 351 | 469 | 491 | 489 | 477 |
| Profit before tax | 103 | 101 | 158 | 114 | 209 | 210 | 378 | 253 | 283 | 623 | 665 | 809 | 718 |
| Tax % | 35% | 22% | 44% | 34% | 38% | 40% | 36% | 50% | 8% | 34% | 34% | 28% | |
| 67 | 79 | 88 | 75 | 129 | 125 | 242 | 126 | 259 | 410 | 442 | 586 | 528 | |
| EPS in Rs | 9.31 | 10.97 | 12.19 | 10.44 | 17.90 | 17.38 | 33.61 | 17.50 | 36.03 | 56.92 | 12.98 | 15.94 | 14.37 |
| Dividend Payout % | 21% | 14% | 25% | 29% | 20% | 20% | 10% | 20% | 10% | 7% | 19% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 19% |
| 3 Years: | 31% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 341 | 368 | 368 |
| Reserves | 522 | 584 | 939 | 982 | 1,088 | 1,211 | 1,394 | 1,498 | 2,167 | 2,147 | 2,735 | 4,459 | 4,566 |
| 1,787 | 1,862 | 2,509 | 2,462 | 2,109 | 2,023 | 2,101 | 2,061 | 1,629 | 2,077 | 2,538 | 2,359 | 3,582 | |
| 1,229 | 1,911 | 3,038 | 3,321 | 4,333 | 6,452 | 8,865 | 8,213 | 8,532 | 9,342 | 9,998 | 9,490 | 8,955 | |
| Total Liabilities | 3,610 | 4,429 | 6,559 | 6,836 | 7,602 | 9,757 | 12,431 | 11,844 | 12,400 | 13,638 | 15,611 | 16,675 | 17,471 |
| 917 | 899 | 1,479 | 1,611 | 1,566 | 1,659 | 1,912 | 1,985 | 2,305 | 2,447 | 2,770 | 2,725 | 2,585 | |
| CWIP | 105 | 174 | 124 | 21 | 22 | 31 | 18 | 146 | 18 | 184 | 43 | 33 | 42 |
| Investments | 99 | 99 | 113 | 109 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 20 | 20 |
| 2,490 | 3,256 | 4,843 | 5,095 | 6,003 | 8,056 | 10,490 | 9,701 | 10,065 | 10,995 | 12,786 | 13,897 | 14,825 | |
| Total Assets | 3,610 | 4,429 | 6,559 | 6,836 | 7,602 | 9,757 | 12,431 | 11,844 | 12,400 | 13,638 | 15,611 | 16,675 | 17,471 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 824 | 794 | 570 | 1,198 | 813 | -117 | |||||||
| -334 | -181 | -211 | -820 | -891 | -139 | |||||||
| -406 | -543 | -516 | -471 | 246 | 292 | |||||||
| Net Cash Flow | 84 | 70 | -157 | -94 | 168 | 35 | ||||||
| Free Cash Flow | 428 | 345 | 218 | 330 | 101 | -454 | ||||||
| CFO/OP | 125% | 113% | 89% | 97% | 78% | 8% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 71 | 42 | 45 | 83 | 88 | 90 | 97 | 76 | 60 | 84 | 79 |
| Inventory Days | 520 | 905 | 149 | 93 | 104 | 164 | 145 | 132 | 152 | 150 | 148 | 110 |
| Days Payable | 374 | 556 | 350 | 241 | 328 | 445 | 443 | 433 | 317 | 328 | 392 | 395 |
| Cash Conversion Cycle | 210 | 421 | -158 | -103 | -140 | -194 | -207 | -204 | -89 | -119 | -161 | -207 |
| Working Capital Days | 143 | 149 | 133 | 98 | 116 | 78 | 6 | -6 | -3 | 3 | 1 | 60 |
| ROCE % | 12% | 11% | 14% | 12% | 15% | 15% | 22% | 20% | 19% | 27% | 25% | 23% |
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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| Cranes Number |
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| Marine Barges Number |
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| Tunnel Boring Machines (TBMs) Number |
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Extracted by Screener AI
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
8h - Afcons confirms it is not a Large Corporate; outstanding borrowing was ₹560.90 crore on March 31, 2026.
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Commercial Paper Proceeds Utilisation Certificate For The Quarter Ended March 31, 2026
20 Apr - Afcons certifies March 31, 2026 commercial paper proceeds were used for disclosed purposes.
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Reply To Clarification Sought From Afcons Infrastructure Ltd
16 Apr - Afcons clarifies recent share volume spike is market-driven, with no undisclosed material developments.
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Clarification sought from Afcons Infrastructure Ltd
16 Apr - Exchange has sought clarification from Afcons Infrastructure Ltd on April 16, 2026, with reference to Movement in Volume.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Afcons confirms Regulation 74(5) dematerialisation compliance for quarter ended March 31, 2026.
Annual reports
Concalls
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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
Market Leadership[1]
- 10th largest international marine and port facilities contractor globally.
- 12th largest contractor in the bridges segment globally.
- 42nd largest contractor in the transportation segment.
- 18th largest contractor in the transmission lines and aqueducts segment.