Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 15,839 Cr.
- Current Price ₹ 431
- High / Low ₹ 570 / 382
- Stock P/E 29.8
- Book Value ₹ 143
- Dividend Yield 0.58 %
- ROCE 19.6 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 4.78% over past five years.
- Company has a low return on equity of 13.6% over last 3 years.
- Promoters have pledged or encumbered 53.5% of their holding.
- Dividend payout has been low at 14.9% of profits over last 3 years
- Company's cost of borrowing seems high
- Working capital days have increased from 29.1 days to 65.5 days
* 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 BSE SmallCap BSE IPO Nifty Smallcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|
9,934 | 9,376 | 11,019 | 12,637 | 13,268 | 12,548 | 12,764 | |
9,113 | 8,505 | 10,076 | 11,305 | 11,890 | 11,187 | 11,327 | |
Operating Profit | 821 | 870 | 943 | 1,333 | 1,377 | 1,361 | 1,438 |
OPM % | 8% | 9% | 9% | 11% | 10% | 11% | 11% |
186 | 138 | 244 | 185 | 367 | 469 | 464 | |
Interest | 391 | 468 | 425 | 447 | 577 | 629 | 644 |
Depreciation | 240 | 250 | 355 | 472 | 495 | 491 | 500 |
Profit before tax | 376 | 290 | 407 | 599 | 673 | 710 | 758 |
Tax % | 34% | 42% | 12% | 31% | 33% | 31% | |
248 | 170 | 358 | 411 | 450 | 487 | 533 | |
EPS in Rs | 34.12 | 23.20 | 49.51 | 57.09 | 13.20 | 13.24 | 14.78 |
Dividend Payout % | 10% | 15% | 7% | 7% | 19% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 4% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 11% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 72 | 72 | 72 | 72 | 341 | 368 |
Reserves | 1,721 | 1,868 | 2,190 | 2,654 | 3,255 | 4,893 |
2,118 | 2,059 | 2,073 | 2,062 | 2,523 | 2,343 | |
9,186 | 8,491 | 8,638 | 9,513 | 10,114 | 9,515 | |
Total Liabilities | 13,097 | 12,490 | 12,974 | 14,301 | 16,234 | 17,119 |
1,938 | 2,003 | 2,318 | 2,498 | 2,784 | 2,738 | |
CWIP | 18 | 146 | 18 | 184 | 43 | 33 |
Investments | 0 | 0 | 1 | 0 | 1 | 1 |
11,141 | 10,341 | 10,638 | 11,619 | 13,406 | 14,348 | |
Total Assets | 13,097 | 12,490 | 12,974 | 14,301 | 16,234 | 17,119 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
1,050 | 913 | 610 | 1,215 | 707 | -132 | |
-390 | -260 | -255 | -861 | -859 | -131 | |
-455 | -564 | -521 | -483 | 246 | 290 | |
Net Cash Flow | 205 | 90 | -165 | -128 | 94 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 91 | 100 | 76 | 63 | 86 | 81 |
Inventory Days | 146 | 135 | 146 | 150 | 148 | 112 |
Days Payable | 458 | 446 | 310 | 332 | 393 | 393 |
Cash Conversion Cycle | -222 | -212 | -88 | -119 | -160 | -200 |
Working Capital Days | 8 | -0 | 5 | 10 | 12 | 65 |
ROCE % | 19% | 20% | 23% | 23% | 20% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
2d - CRISIL assigned AA-/Stable to ₹500cr NCDs; reaffirmed AA-/Stable for ₹25,460cr bank facilities (+₹3,500cr) and CP A1+ (₹500cr).
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - With Investors/Analysts in Mumbai scheduled between August 26, 2025 and September 4, 2025.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Aug - Afcons Q1 FY26: 6.4% revenue growth, INR35,311 Cr order book, new Croatia projects, confident on FY26 guidance.
-
Announcement under Regulation 30 (LODR)-Issue of Securities
13 Aug - Afcons issued Rs. 25 Cr commercial papers at 7.80% for 91 days, rated Crisil A1+, unsecured.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Aug - Extract of the newspapers, containing publication of unaudited financial results for the quarter ended June 30, 2025
Annual reports
Concalls
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT REC
-
Nov 2024TranscriptNotesPPT
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.