Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 10,298 Cr.
- Current Price ₹ 280
- High / Low ₹ 479 / 259
- Stock P/E 50.3
- Book Value ₹ 148
- Dividend Yield 0.71 %
- ROCE 13.9 %
- ROE 5.61 %
- 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 9.64% over last 3 years.
- Promoters have pledged 100% 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.
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 9,934 | 9,376 | 11,019 | 12,637 | 13,268 | 12,548 | 11,948 | 11,249 | |
| 9,113 | 8,505 | 10,076 | 11,305 | 11,890 | 11,187 | 10,708 | 10,216 | |
| Operating Profit | 821 | 870 | 943 | 1,333 | 1,377 | 1,361 | 1,241 | 1,033 |
| OPM % | 8% | 9% | 9% | 11% | 10% | 11% | 10% | 9% |
| 186 | 138 | 244 | 185 | 367 | 469 | 274 | 304 | |
| Interest | 391 | 468 | 425 | 447 | 577 | 629 | 674 | 685 |
| Depreciation | 240 | 250 | 355 | 472 | 495 | 491 | 454 | 399 |
| Profit before tax | 376 | 290 | 407 | 599 | 673 | 710 | 387 | 254 |
| Tax % | 34% | 42% | 12% | 31% | 33% | 31% | 35% | |
| 248 | 170 | 358 | 411 | 450 | 487 | 251 | 144 | |
| EPS in Rs | 34.12 | 23.20 | 49.51 | 57.09 | 13.20 | 13.24 | 6.84 | 3.94 |
| Dividend Payout % | 10% | 15% | 7% | 7% | 19% | 19% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -2% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | -11% |
| TTM: | -62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 6% |
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 | -400 | |
| -455 | -564 | -521 | -483 | 246 | 290 | 473 | |
| Net Cash Flow | 205 | 90 | -165 | -128 | 94 | 27 | -54 |
| 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 | 130 |
| Days Payable | 458 | 427 | 310 | 332 | 393 | 393 | 519 |
| Cash Conversion Cycle | -222 | -192 | -88 | -119 | -160 | -200 | -283 |
| Working Capital Days | 8 | -1 | 2 | 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 |
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| Domestic Order Book Share % |
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| Order Inflow INR Crore |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Afcons uploaded Q1 FY27 earnings conference call audio recording on August 10, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- The copies of Newspaper Publication w.r.t containing publication of unaudited Financial Result for the Quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Investor Presentation
- The intimation of Investor Presentation on the unaudited Financial Result for the quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q1 FY27 results showed ₹13,219 Cr order inflow; India’s tallest road cable-stayed bridge inaugurated.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT
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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
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.