Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 11,103 Cr.
- Current Price ₹ 302
- High / Low ₹ 479 / 266
- Stock P/E 38.5
- Book Value ₹ 148
- Dividend Yield 0.66 %
- ROCE 13.6 %
- ROE 5.38 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 22.4%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.97% over past five years.
- Company has a low return on equity of 9.55% over last 3 years.
- Promoters have pledged 60.1% 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.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE 500 Nifty 500 Nifty500 Shariah Nifty Smallcap 100 BSE Industrials
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 9,934 | 9,376 | 11,019 | 12,637 | 13,268 | 12,548 | 11,948 | |
| 9,113 | 8,505 | 10,076 | 11,305 | 11,890 | 11,187 | 10,731 | |
| Operating Profit | 821 | 870 | 943 | 1,333 | 1,377 | 1,361 | 1,217 |
| OPM % | 8% | 9% | 9% | 11% | 10% | 11% | 10% |
| 186 | 138 | 244 | 185 | 367 | 469 | 297 | |
| Interest | 391 | 468 | 425 | 447 | 577 | 629 | 674 |
| Depreciation | 240 | 250 | 355 | 472 | 495 | 491 | 454 |
| Profit before tax | 376 | 290 | 407 | 599 | 673 | 710 | 387 |
| Tax % | 34% | 42% | 12% | 31% | 33% | 31% | 35% |
| 248 | 170 | 358 | 411 | 450 | 487 | 251 | |
| EPS in Rs | 34.12 | 23.20 | 49.51 | 57.09 | 13.20 | 13.24 | 6.84 |
| Dividend Payout % | 10% | 15% | 7% | 7% | 19% | 19% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -2% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -12% |
| TTM: | -41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 72 | 72 | 72 | 72 | 341 | 368 | 368 |
| Reserves | 1,721 | 1,868 | 2,190 | 2,654 | 3,255 | 4,893 | 5,082 |
| 2,118 | 2,066 | 2,073 | 2,062 | 2,523 | 2,343 | 3,627 | |
| 9,186 | 8,484 | 8,638 | 9,513 | 10,114 | 9,515 | 10,054 | |
| Total Liabilities | 13,097 | 12,490 | 12,974 | 14,301 | 16,234 | 17,119 | 19,131 |
| 1,938 | 2,003 | 2,318 | 2,498 | 2,784 | 2,738 | 2,499 | |
| CWIP | 18 | 146 | 18 | 184 | 43 | 33 | 901 |
| Investments | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| 11,141 | 10,341 | 10,638 | 11,619 | 13,406 | 14,348 | 15,730 | |
| Total Assets | 13,097 | 12,490 | 12,974 | 14,301 | 16,234 | 17,119 | 19,131 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1,050 | 929 | 610 | 1,215 | 707 | -132 | -127 | |
| -390 | -275 | -255 | -861 | -859 | -131 | -402 | |
| -455 | -564 | -521 | -483 | 246 | 290 | 473 | |
| Net Cash Flow | 205 | 90 | -165 | -128 | 94 | 27 | -56 |
| Free Cash Flow | 651 | 441 | 259 | 306 | 25 | -470 | -491 |
| CFO/OP | 143% | 112% | 77% | 99% | 70% | 8% | 9% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 100 | 76 | 63 | 86 | 81 | 105 |
| Inventory Days | 146 | 135 | 146 | 150 | 148 | 112 | 47 |
| Days Payable | 458 | 427 | 310 | 332 | 393 | 393 | 187 |
| Cash Conversion Cycle | -222 | -192 | -88 | -119 | -160 | -200 | -35 |
| Working Capital Days | 8 | -1 | 5 | 10 | 12 | 65 | 63 |
| ROCE % | 19% | 20% | 23% | 23% | 20% | 14% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Order Book (Pending Order Book) INR Crore |
|
||||
| Domestic Order Book Share % |
|||||
| Order Inflow INR Crore |
|||||
Extracted by Screener AI
Documents
Announcements
-
Announcement Under Regulation 30 (LODR)-Letter To Members Under Regulation 36(1)(B) & 58 Of SEBI (LODR) Regulations, 2015
19h - 50th AGM on July 30, 2026; annual report FY2025-26 shared, with KYC reminder.
-
Business Responsibility and Sustainability Reporting (BRSR)
19h - FY 2025-26 BRSR and limited assurance report filed.
- Notice Of 50Th Annual General Meeting Of The Company Scheduled To Be Held On July 30, 2026. 19h
-
Reg. 34 (1) Annual Report.
20h - Afcons issued FY2025-26 annual report and notice for 50th AGM on July 30, 2026.
-
Announcement Under Regulation 30 Of SEBI (LODR)
2d - Tahsildar, Bhiwandi imposes ₹16.48 crore penalty on MML5 Project; company will appeal.
Annual reports
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT REC
-
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.