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Afcons Infra Overview

Afcons Infrastructure Limited is a prominent engineering and construction company in India, specializing in large-scale infrastructure projects across various sectors. Established as a part of the Shapoorji Pallonji Group, Afcons has made a significant impact in sectors such as transportation, marine, oil and gas, and industrial infrastructure. Known for its expertise in complex projects, Afcons undertakes major ventures including metro rail systems, bridges, highways, tunnels, and ports. Afcons has a reputation for technological innovation an...Read More

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Afcons Infra Key Financials

Market Cap ₹12269 Cr.

Stock P/E 25.2

P/B 2.2

Current Price ₹333.6

Book Value ₹ 149.2

Face Value 10

52W High ₹479.1

Dividend Yield 0.75%

52W Low ₹ 265.9

Afcons Infra Share Price

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Volume
Price

Afcons Infra Quarterly Price

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Afcons Infra Peer Comparison

Afcons Infra Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3334 3126 3636 3154 2960 3211 3223 3370 2988 2976
Other Income 100 56 173 59 130 121 164 49 113 50
Total Income 3434 3182 3809 3213 3090 3332 3387 3419 3101 3025
Total Expenditure 3002 2751 3282 2801 2615 2847 2930 2935 2660 2565
Operating Profit 432 431 528 413 474 486 458 484 441 460
Interest 157 129 176 147 164 169 150 162 170 167
Depreciation 114 124 146 130 120 117 124 139 122 93
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -77
Profit Before Tax 160 178 207 135 191 200 184 183 149 123
Provision for Tax 56 69 62 44 55 51 73 46 44 26
Profit After Tax 104 110 145 92 135 149 111 137 105 97
Adjustments -0 0 -0 0 0 0 0 0 0 0
Profit After Adjustments 104 110 145 92 135 149 111 137 105 97
Adjusted Earnings Per Share 14.5 15.2 4.3 2.7 4 4 3 3.7 2.9 2.6

Afcons Infra Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3930 4337 6305 6551 8727 9934 9376 11019 12637 13268 12548 12557
Other Income 140 137 101 137 149 197 146 251 207 379 493 376
Total Income 4070 4474 6406 6688 8876 10131 9521 11270 12844 13647 13041 12932
Total Expenditure 3640 3900 5728 5937 8023 9124 8513 10083 11327 11902 11211 11090
Operating Profit 431 574 678 751 853 1007 1008 1187 1517 1744 1830 1843
Interest 213 270 302 306 285 391 468 425 447 577 629 649
Depreciation 139 156 169 201 249 240 250 355 472 495 491 478
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -77
Profit Before Tax 79 148 207 244 319 376 291 407 599 673 710 639
Provision for Tax 26 70 54 80 85 128 121 49 188 223 223 189
Profit After Tax 53 78 153 164 234 248 170 358 411 450 487 450
Adjustments -0 1 2 9 6 -2 -3 -1 0 0 0 0
Profit After Adjustments 53 79 154 174 240 246 167 356 411 450 487 450
Adjusted Earnings Per Share 7.3 11.1 21.4 24.1 33.4 34.1 23.2 49.5 57.1 13.2 13.2 12.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% 4% 5% 12%
Operating Profit CAGR 5% 16% 13% 16%
PAT CAGR 8% 11% 14% 25%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% NA% NA% NA%
ROE Average 11% 14% 14% 13%
ROCE Average 20% 22% 21% 18%

Afcons Infra Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1170 1507 1623 1791 2023 2243 2390 2712 3176 3596 5261
Minority's Interest -1 1 -0 -10 -16 -13 -11 -9 2 2 2
Borrowings 624 858 831 756 650 573 473 402 596 598 595
Other Non-Current Liabilities 638 489 884 1378 2440 3071 2675 2773 2488 2426 3023
Total Current Liabilities 2974 4119 3893 4391 5496 7444 7200 7449 8419 9974 8718
Total Liabilities 5405 6974 7230 8306 10594 13317 12728 13327 14681 16595 17598
Fixed Assets 985 1490 1632 1601 1691 1938 2003 2318 2498 2784 2738
Other Non-Current Assets 1102 933 1027 1137 2166 3079 2849 2892 3039 2746 3121
Total Current Assets 3318 4550 4571 5567 6737 8300 7877 8118 9144 11066 11739
Total Assets 5405 6974 7230 8306 10594 13317 12728 13327 14681 16595 17598

Afcons Infra Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 51 143 142 160 126 317 523 613 447 319 413
Cash Flow from Operating Activities 215 189 508 713 760 1050 929 610 1215 707 -132
Cash Flow from Investing Activities -183 -179 -137 -70 -216 -390 -278 -251 -870 -859 -131
Cash Flow from Financing Activities 60 -10 -354 -678 -353 -455 -564 -521 -483 246 290
Net Cash Inflow / Outflow 92 -1 18 -34 191 205 88 -161 -137 94 26
Closing Cash & Cash Equivalent 142 142 160 126 317 523 613 447 319 413 440

Afcons Infra Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.34 11.1 21.42 24.12 33.35 34.12 23.19 49.51 57.08 13.2 13.24
CEPS(Rs) 26.68 33.01 44.65 50.68 67.11 67.8 58.34 99.07 122.61 27.71 26.59
DPS(Rs) 1.5 3 3 3.5 3.5 3.5 3.5 3.5 4 2.5 2.5
Book NAV/Share(Rs) 99.98 149.37 162.95 186.33 218.53 249.18 269.56 314.31 378.73 105.53 143.03
Core EBITDA Margin(%) 7.4 10.06 9.15 9.38 8.06 8.16 9.2 8.5 10.37 10.29 10.66
EBIT Margin(%) 7.43 9.64 8.07 8.4 6.92 7.71 8.09 7.54 8.28 9.42 10.67
Pre Tax Margin(%) 2.01 3.41 3.28 3.73 3.66 3.78 3.1 3.69 4.74 5.07 5.66
PAT Margin (%) 1.35 1.8 2.42 2.51 2.69 2.49 1.81 3.25 3.25 3.39 3.88
Cash Profit Margin (%) 4.88 5.39 5.1 5.57 5.53 4.91 4.48 6.47 6.98 7.12 7.79
ROA(%) 1.09 1.26 2.15 2.11 2.48 2.07 1.3 2.75 2.93 2.88 2.85
ROE(%) 7.6 8.77 13.7 13.06 16.09 14.72 9.1 17.02 16.47 14.23 10.99
ROCE(%) 10.51 12.87 14.13 15.49 16.96 20.38 19.35 20.18 23.22 23.18 19.79
Receivable days 39.73 39.38 36.91 61.18 72.88 83.2 98.31 80.81 64.99 73.15 85.81
Inventory Days 196.33 122.66 31.47 31.1 29.59 35.35 39.04 36.58 41.24 44.19 38.35
Payable days 465.48 334.61 232.35 313.03 374.3 399.32 454.54 325.99 294.04 356.32 436.37
PER(x) 0 0 0 0 0 0 0 0 0 0 36.75
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 3.4
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0.51
EV/Net Sales(x) 0.54 0.56 0.37 0.31 0.21 0.15 0.15 0.14 0.14 0.16 1.54
EV/Core EBITDA(x) 4.95 4.23 3.46 2.72 2.13 1.5 1.38 1.31 1.13 1.22 10.57
Net Sales Growth(%) 9.38 10.34 45.38 3.91 33.21 13.84 -5.62 17.53 14.69 4.99 -5.42
EBIT Growth(%) 7.52 43.23 21.76 8.11 9.74 26.9 -1.09 9.66 25.8 19.52 7.15
PAT Growth(%) 8.15 46.42 96.1 7.48 42.85 5.65 -31.41 110.49 14.89 9.47 8.23
EPS Growth(%) 12.64 51.09 93.06 12.57 38.31 2.29 -32.02 113.46 15.3 -76.88 0.28
Debt/Equity(x) 1.51 1.37 1.24 0.93 0.81 0.72 0.66 0.57 0.49 0.68 0.42
Current Ratio(x) 1.12 1.1 1.17 1.27 1.23 1.12 1.09 1.09 1.09 1.11 1.35
Quick Ratio(x) 0.31 0.98 1.03 1.14 1.07 0.97 0.96 0.92 0.9 0.95 1.23
Interest Cover(x) 1.37 1.55 1.68 1.8 2.12 1.96 1.62 1.96 2.34 2.17 2.13
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0.12

Afcons Infra Shareholding Pattern

# Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 50.17 50.17 50.17 50.17 50.17
FII 18 18.21 15.8 12.81 12.81
DII 11.12 12.07 14.53 17.94 19.61
Public 20.72 19.55 19.5 19.08 17.42
Others 0 0 0 0 0
Total 100 100 100 100 100

Afcons Infra News

Afcons Infra Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 356.32 to 436.37days.
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