Afcons Infrastructure Ltd
Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]
- Market Cap ₹ 15,563 Cr.
- Current Price ₹ 423
- High / Low ₹ 570 / 382
- Stock P/E 31.8
- Book Value ₹ 143
- Dividend Yield 0.59 %
- 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 43.5% of their holding.
- Earnings include an other income of Rs.469 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 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 | |
---|---|---|---|---|---|---|
9,934 | 9,376 | 11,019 | 12,637 | 13,268 | 12,548 | |
9,113 | 8,505 | 10,076 | 11,305 | 11,890 | 11,187 | |
Operating Profit | 821 | 870 | 943 | 1,333 | 1,377 | 1,361 |
OPM % | 8% | 9% | 9% | 11% | 10% | 11% |
186 | 138 | 244 | 185 | 367 | 469 | |
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: | 11% |
TTM: | 7% |
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 | 44 | 33 | 44 | 39 | 64 | 115 |
ROCE % | 19% | 20% | 23% | 23% | 20% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Issue of Securities
1d - Afcons issues Rs. 25 Cr commercial papers at 8% for 91 days, rated Crisil A1+, to be listed on NSE.
-
Announcement under Regulation 30 (LODR)-Issue of Securities
11 Jul - Afcons issues Rs. 55 Cr commercial papers at 8% for 91 days, rated Crisil A1+, to be listed on NSE.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended June 30, 2025
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Deduction Of Tax At Source On Dividend - Shareholders Communication
7 Jul - Dividend Rs.2.50/share declared; TDS details and documentation requirements for shareholders provided.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Jul - Afcons awarded Rs.175 Cr civil & structural work contract by Reliance at Jamnagar, Gujarat.
Annual reports
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.