Afcons Infrastructure Ltd

Afcons Infrastructure Ltd

₹ 404 -1.70%
28 Nov - close price
About

Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]

Key Points

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.

  • Market Cap 14,862 Cr.
  • Current Price 404
  • High / Low 570 / 382
  • Stock P/E 29.6
  • Book Value 147
  • Dividend Yield 0.62 %
  • 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
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3,171 3,334 3,126 3,636 3,154 2,960 3,211 3,223 3,370 2,988
2,867 3,002 2,751 3,282 2,801 2,615 2,847 2,930 2,935 2,660
Operating Profit 304 332 374 355 353 344 364 294 435 329
OPM % 10% 10% 12% 10% 11% 12% 11% 9% 13% 11%
50 100 56 173 59 130 121 164 49 113
Interest 116 157 129 176 147 164 169 150 162 170
Depreciation 111 114 124 146 130 120 117 124 139 122
Profit before tax 128 160 178 207 135 191 200 184 183 149
Tax % 29% 35% 39% 30% 32% 29% 26% 40% 25% 30%
91 104 110 145 92 135 149 111 137 105
EPS in Rs 12.64 14.47 15.24 4.25 2.69 3.97 4.05 3.02 3.74 2.86
Raw PDF

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 12,793
9,113 8,505 10,076 11,305 11,890 11,187 11,371
Operating Profit 821 870 943 1,333 1,377 1,361 1,422
OPM % 8% 9% 9% 11% 10% 11% 11%
186 138 244 185 367 469 447
Interest 391 468 425 447 577 629 650
Depreciation 240 250 355 472 495 491 502
Profit before tax 376 290 407 599 673 710 716
Tax % 34% 42% 12% 31% 33% 31%
248 170 358 411 450 487 502
EPS in Rs 34.12 23.20 49.51 57.09 13.20 13.24 13.67
Dividend Payout % 10% 15% 7% 7% 19% 19%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 4%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 11%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -20%
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 Sep 2025
Equity Capital 72 72 72 72 341 368 368
Reserves 1,721 1,868 2,190 2,654 3,255 4,893 5,021
2,118 2,059 2,073 2,062 2,523 2,343 3,565
9,186 8,491 8,638 9,513 10,114 9,515 8,979
Total Liabilities 13,097 12,490 12,974 14,301 16,234 17,119 17,934
1,938 2,003 2,318 2,498 2,784 2,738 2,597
CWIP 18 146 18 184 43 33 42
Investments 0 0 1 0 1 1 1
11,141 10,341 10,638 11,619 13,406 14,348 15,294
Total Assets 13,097 12,490 12,974 14,301 16,234 17,119 17,934

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,050 929 610 1,215 707 -132
-390 -275 -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%

Shareholding Pattern

Numbers in percentages

Dec 2024Mar 2025Jun 2025Sep 2025
50.17% 50.17% 50.17% 50.17%
18.00% 18.21% 15.80% 12.81%
11.12% 12.07% 14.53% 17.94%
20.71% 19.55% 19.50% 19.06%
No. of Shareholders 2,82,9202,68,8902,66,0412,56,969

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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