K2 Infragen Ltd
Incorporated in 2015, K2 Infragen Ltd
is in the business of infrastructure and
auxiliary activities[1]
- Market Cap ₹ 63.4 Cr.
- Current Price ₹ 50.2
- High / Low ₹ 82.8 / 40.8
- Stock P/E 4.76
- Book Value ₹ 71.1
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.7%
- Promoter holding has increased by 1.04% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 274 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 15 | 35 | 20 | 67 | 109 | 147 | 185 | |
| 14 | 33 | 20 | 47 | 88 | 128 | 162 | |
| Operating Profit | 2 | 2 | 0 | 19 | 21 | 19 | 23 |
| OPM % | 12% | 7% | 2% | 29% | 19% | 13% | 12% |
| -1 | 0 | 0 | 0 | 1 | 2 | 4 | |
| Interest | 1 | 1 | 2 | 2 | 3 | 3 | 8 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 0 | 1 | -3 | 15 | 17 | 15 | 17 |
| Tax % | 61% | 46% | 2% | 26% | 25% | 22% | 19% |
| 0 | 0 | -3 | 11 | 12 | 12 | 13 | |
| EPS in Rs | 1.16 | 1.96 | -14.11 | 50.26 | 13.57 | 9.23 | 10.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 41% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 112% |
| 3 Years: | 6% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 22% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 9 | 13 | 13 | |
| Reserves | -0 | -1 | 12 | 36 | 64 | 77 | |
| 18 | 21 | 24 | 25 | 57 | 105 | ||
| 3 | 3 | 19 | 31 | 51 | 35 | ||
| Total Liabilities | 22 | 25 | 57 | 101 | 184 | 230 | |
| 10 | 10 | 8 | 9 | 10 | 11 | ||
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments | 0 | 1 | 1 | 1 | 1 | 1 | |
| 13 | 15 | 48 | 91 | 173 | 218 | ||
| Total Assets | 22 | 25 | 57 | 101 | 184 | 230 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -3 | -1 | -1 | 5 | -43 | -17 | ||
| -6 | -2 | -1 | -22 | -1 | -19 | ||
| 8 | 3 | 2 | 17 | 46 | 41 | ||
| Net Cash Flow | -0 | -0 | 0 | -0 | 2 | 4 | |
| Free Cash Flow | -8 | -2 | -1 | 2 | -45 | -21 | |
| CFO/OP | -111% | -426% | 19% | 35% | -199% | -58% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 175 | 200 | 204 | 323 | 274 | |
| Inventory Days | 16 | 50 | 0 | 0 | |||
| Days Payable | 38 | 83 | |||||
| Cash Conversion Cycle | 60 | 141 | 200 | 204 | 323 | 274 | |
| Working Capital Days | 13 | -14 | 12 | 47 | 86 | 105 | |
| ROCE % | -5% | 58% | 36% | 18% | 15% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Railway Projects Segment Revenue INR Million |
|
||
| Roads & Bridges Segment Revenue INR Million |
|||
| Water Supply Projects Segment Revenue INR Million |
|||
| Geographical Presence (States) Number |
|||
| Number of Executed Projects since Inception Number |
|||
| Order Book (Cumulative/Unexecuted) INR Million |
|||
| Power Infrastructure Projects Segment Revenue INR Million |
|||
| Construction Equipment Fleet Size Number |
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| On-time Project Delivery Rate % |
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Extracted by Screener AI
Documents
Announcements
-
Press Release
9 June 2026 - K2 InfraGen appoints Sanjay Gupta as Senior Vice President effective June 1, 2026.
-
Analysts/Institutional Investor Meet/Con. Call Updates
5 June 2026 - Company to hold virtual investors/analysts meet on June 10, 2026 at 4:00 PM IST.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 June 2026 - K2 Infragen released H2/FY26 earnings call transcript, reporting FY26 revenue of Rs. 185 crore and PAT of Rs. 13.33 crore.
-
Structural Digital Database
30 May 2026 - Submitted FY2026 SDD compliance certificate; 14 required events captured, no noncompliance.
-
Press Release
29 May 2026 - FY26 revenue rose 25.96%; new orders worth Rs3,411.91 crore, plus Rs56.91 crore Rajasthan orders.
Business Overview:[1][2]
a) K2IL providing an end-to-end engineering, procurement, construction and turnkey construction services
b) It has a focus on power and project engineering
c) Company has executed projects across roads, railways, bridges, water supply, and civil construction, etc.
d) It has in-house capabilities to design, procurement, and construction supervision to subcontract and work order management, as well as post-construction activities.
e) Company is a ISO 14001:2015, ISO
45001:2018, and ISO 9001:2015 certified