PNC Infratech Ltd
PNC Infratech Limited was incorporated on 9th August 1999 as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech limited in 2007. PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.[1]
- Market Cap ₹ 8,112 Cr.
- Current Price ₹ 316
- High / Low ₹ 520 / 236
- Stock P/E 9.95
- Book Value ₹ 233
- Dividend Yield 0.19 %
- ROCE 14.3 %
- ROE 14.6 %
- Face Value ₹ 2.00
Pros
Cons
- The company has delivered a poor sales growth of 3.85% over past five years.
- Contingent liabilities of Rs.3,604 Cr.
- Dividend payout has been low at 1.84% of profits over last 3 years
- Working capital days have increased from 37.5 days to 76.4 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 Nifty 500 BSE SmallCap BSE Allcap BSE Industrials Nifty MidSmallcap 400
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,360 | 1,861 | 2,837 | 2,252 | 2,411 | 3,774 | 5,603 | 5,788 | 7,208 | 7,956 | 8,650 | 6,769 | |
1,184 | 1,581 | 2,214 | 1,647 | 1,648 | 2,768 | 4,275 | 4,366 | 5,674 | 6,356 | 6,645 | 4,703 | |
Operating Profit | 176 | 280 | 622 | 605 | 763 | 1,007 | 1,328 | 1,422 | 1,534 | 1,600 | 2,005 | 2,066 |
OPM % | 13% | 15% | 22% | 27% | 32% | 27% | 24% | 25% | 21% | 20% | 23% | 31% |
11 | 12 | 12 | 39 | 24 | 47 | 182 | 107 | 87 | 81 | 82 | 172 | |
Interest | 61 | 93 | 257 | 310 | 309 | 348 | 439 | 426 | 425 | 470 | 660 | 852 |
Depreciation | 40 | 60 | 213 | 242 | 262 | 346 | 351 | 363 | 390 | 253 | 177 | 195 |
Profit before tax | 85 | 139 | 164 | 92 | 216 | 360 | 719 | 740 | 806 | 957 | 1,249 | 1,192 |
Tax % | 41% | 34% | -27% | -28% | -12% | 2% | 24% | 33% | 28% | 31% | 27% | 32% |
51 | 91 | 209 | 118 | 243 | 351 | 550 | 497 | 580 | 658 | 909 | 815 | |
EPS in Rs | 2.77 | 4.59 | 8.13 | 4.61 | 9.47 | 13.70 | 21.43 | 19.39 | 22.62 | 25.67 | 35.45 | 31.79 |
Dividend Payout % | 5% | 7% | 6% | 11% | 5% | 4% | 2% | 3% | 2% | 2% | 2% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 4% |
3 Years: | -2% |
TTM: | -22% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 9% |
3 Years: | 14% |
TTM: | -8% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 19% |
3 Years: | 8% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 16% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 40 | 40 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 670 | 831 | 1,307 | 1,410 | 1,637 | 1,973 | 2,503 | 3,002 | 3,577 | 4,234 | 5,134 | 5,938 |
1,025 | 1,692 | 1,649 | 1,906 | 2,021 | 2,775 | 3,515 | 4,192 | 4,793 | 6,282 | 8,025 | 9,364 | |
286 | 534 | 1,829 | 1,851 | 2,192 | 2,455 | 2,421 | 2,330 | 2,224 | 2,066 | 2,400 | 2,705 | |
Total Liabilities | 2,021 | 3,097 | 4,835 | 5,219 | 5,902 | 7,254 | 8,490 | 9,575 | 10,645 | 12,632 | 15,610 | 18,059 |
649 | 683 | 2,447 | 2,405 | 2,279 | 2,234 | 1,978 | 1,797 | 1,482 | 1,291 | 1,159 | 992 | |
CWIP | 593 | 1,482 | 2 | 8 | 11 | 6 | 0 | 3 | 0 | 0 | 0 | 0 |
Investments | 105 | 94 | 66 | 103 | 169 | 263 | 444 | 579 | 424 | 312 | 511 | 790 |
674 | 838 | 2,320 | 2,703 | 3,443 | 4,752 | 6,068 | 7,196 | 8,740 | 11,030 | 13,940 | 16,276 | |
Total Assets | 2,021 | 3,097 | 4,835 | 5,219 | 5,902 | 7,254 | 8,490 | 9,575 | 10,645 | 12,632 | 15,610 | 18,059 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
139 | 247 | 94 | 285 | 591 | 197 | 525 | 190 | -499 | -1,454 | -231 | -56 | |
-555 | -968 | -170 | -202 | -252 | -444 | -230 | -252 | 25 | 343 | -250 | -261 | |
458 | 647 | 117 | -135 | -211 | 400 | 254 | 63 | 148 | 1,005 | 1,067 | 456 | |
Net Cash Flow | 42 | -74 | 41 | -51 | 129 | 153 | 549 | 1 | -326 | -106 | 586 | 139 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 52 | 53 | 106 | 90 | 50 | 19 | 25 | 34 | 50 | 69 | 68 |
Inventory Days | 89 | 132 | 94 | 67 | 75 | 101 | 45 | 58 | 55 | 83 | 83 | 82 |
Days Payable | 74 | 66 | 82 | 120 | 203 | 120 | 80 | 118 | 59 | 75 | 103 | 83 |
Cash Conversion Cycle | 66 | 118 | 66 | 52 | -37 | 31 | -17 | -36 | 30 | 59 | 49 | 66 |
Working Capital Days | -2 | 2 | 44 | 49 | 16 | 15 | -11 | -19 | 0 | 14 | 22 | 76 |
ROCE % | 10% | 11% | 15% | 13% | 15% | 16% | 21% | 17% | 15% | 15% | 16% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19h - PNC completes Rs 716.2 Cr sale of equity stake in BOT toll road project to Vertis Infrastructure Trust.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - SALE OR DISPOSAL OF AN ASSET/UNDERTAKING OF THE COMPANY
19h - PNC Infratech sold 11 SPVs including PNC Bareilly Nainital Highways for Rs 716.2 Cr to Vertis Infrastructure Trust.
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Receipt Of 'Letter Of Acceptance' From South Eastern Coalfields Limited
20h - PNC Infratech awarded Rs. 3488.86 Cr mining services contract by SECL for five years.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
28 Jul - PNC Infratech wins Rs.2956.66 Cr mining services contract from SECL for five years.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Jul
Annual reports
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Financial Year 2024
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Financial Year 2014
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Financial Year 2010
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Business Overview
The company is an infrastructure construction, development, and management company with expertise in project execution, including highways, bridges, flyovers, airport runways, industrial areas, railways, and transmission lines. It has executed over 90 major infrastructure projects spread across 13 states, of which 66 are road EPC projects. It is currently executing 20 projects. [1]