K2 Infragen Ltd
Incorporated in 2015, K2 Infragen Ltd
is in the business of infrastructure and
auxiliary activities[1]
- Market Cap ₹ 86.4 Cr.
- Current Price ₹ 68.5
- High / Low ₹ 306 / 62.0
- Stock P/E 7.42
- Book Value ₹ 60.6
- Dividend Yield 0.00 %
- ROCE 17.9 %
- ROE 19.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.13 times its book value
- Company has delivered good profit growth of 85.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 323 days.
- Working capital days have increased from 155 days to 217 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
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 | |
|---|---|---|---|---|---|---|
| 15 | 35 | 20 | 67 | 109 | 147 | |
| 14 | 33 | 20 | 47 | 88 | 128 | |
| Operating Profit | 2 | 2 | 0 | 19 | 21 | 18 |
| OPM % | 12% | 7% | 2% | 29% | 19% | 13% |
| -1 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 1 | 1 | 2 | 2 | 3 | 3 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 1 | -3 | 15 | 17 | 15 |
| Tax % | 61% | 46% | 2% | 26% | 25% | 22% |
| 0 | 0 | -3 | 11 | 12 | 12 | |
| EPS in Rs | 1.16 | 1.96 | -14.11 | 50.26 | 13.57 | 9.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | 94% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 86% |
| 3 Years: | 81% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -77% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 9 | 13 | |
| Reserves | -0 | -1 | 12 | 36 | 64 | |
| 18 | 21 | 24 | 25 | 57 | ||
| 3 | 3 | 19 | 31 | 51 | ||
| Total Liabilities | 22 | 25 | 57 | 101 | 184 | |
| 10 | 10 | 8 | 9 | 10 | ||
| CWIP | 0 | 0 | 0 | 0 | 0 | |
| Investments | 0 | 1 | 1 | 1 | 1 | |
| 13 | 15 | 48 | 91 | 173 | ||
| Total Assets | 22 | 25 | 57 | 101 | 184 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -3 | -1 | -1 | 5 | -43 | ||
| -6 | -2 | -1 | -22 | -1 | ||
| 8 | 3 | 2 | 17 | 46 | ||
| Net Cash Flow | -0 | -0 | 0 | -0 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 82 | 175 | 200 | 204 | 323 | |
| Inventory Days | 16 | 50 | 0 | 0 | ||
| Days Payable | 38 | 83 | ||||
| Cash Conversion Cycle | 60 | 141 | 200 | 204 | 323 | |
| Working Capital Days | 91 | 196 | 126 | 122 | 217 | |
| ROCE % | -5% | 58% | 36% | 18% |
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
2 July 2025 - Promoters declare no new encumbrances for FY ended March 31, 2025 under SEBI regulations.
-
Investor Presentation
26 June 2025 - K2 Infragen Ltd investor presentation detailing business overview, projects, order book, and financials as of June 2025.
-
Updates
4 June 2025 - No deviation in IPO fund usage; Rs. 3381.60L utilized, Rs. 672.49L unutilized as of March 31, 2025.
-
Statement of deviation(s) or variation(s) under Reg. 32
30 May 2025 - No deviation in IPO fund usage; Rs. 3381.60L utilized of Rs. 4054.09L as of Mar 31, 2025.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 May 2025 - K2 INFRAGEN LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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