Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 16,412 Cr.
- Current Price ₹ 446
- High / Low ₹ 570 / 382
- Stock P/E 33.7
- Book Value ₹ 143
- Dividend Yield 0.00 %
- ROCE 19.5 %
- ROE 11.0 %
- 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 43.5% of their holding.
- Earnings include an other income of Rs.474 Cr.
- 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 72.4 days to 115 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 Nifty 500 BSE SmallCap BSE IPO Nifty Smallcap 100 BSE Allcap
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 | |
---|---|---|---|---|---|---|
9,934 | 9,376 | 11,019 | 12,637 | 13,268 | 12,548 | |
9,113 | 8,505 | 10,076 | 11,305 | 11,890 | 11,192 | |
Operating Profit | 821 | 870 | 943 | 1,333 | 1,377 | 1,356 |
OPM % | 8% | 9% | 9% | 11% | 10% | 11% |
186 | 138 | 244 | 185 | 367 | 474 | |
Interest | 391 | 468 | 425 | 447 | 577 | 629 |
Depreciation | 240 | 250 | 355 | 472 | 495 | 491 |
Profit before tax | 376 | 290 | 407 | 599 | 673 | 710 |
Tax % | 34% | 42% | 12% | 31% | 33% | 31% |
248 | 170 | 358 | 411 | 450 | 487 | |
EPS in Rs | 34.12 | 23.20 | 49.51 | 57.09 | 13.20 | 13.24 |
Dividend Payout % | 10% | 15% | 7% | 7% | 19% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 4% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 10% |
TTM: | 6% |
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 | 26 |
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 | 43 |
Days Payable | 458 | 446 | 310 | 332 | 393 | 151 |
Cash Conversion Cycle | -222 | -212 | -88 | -119 | -160 | -27 |
Working Capital Days | 44 | 33 | 44 | 39 | 64 | 115 |
ROCE % | 19% | 20% | 23% | 23% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
7 Jun - Afcons awarded Rs.700 Cr contract by RIL for Dahej Vinyl Projects, completion by June 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
4 Jun - Appointment of Dimitrius D'Mello as Director and Functional Head of Supply Chain from June 5, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - Afcons Q4 FY25 earnings: INR13,023 Cr revenue, 12.8% EBITDA margin, 8% PAT growth, strong order book INR36,869 Cr.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
30 May - Received Rs. 463.50 Cr LOA for 353-village water supply project with 20-month completion and 10-year O&M.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - PM Modi inaugurates 5-km Kanpur Metro stretch; Afcons built Kanpur Central station and 2.4 km tunnels.
Annual reports
No data available.
Concalls
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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 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.