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15 Days Price Change

Afcons Infra IPO

Closing In

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Profile
Issue Size --
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Price Range 440  to  463 per share
Profile
Min Investment ₹463
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Afcons Infrastructure Limited is a prominent Indian construction and engineering company, founded in 1959, with a strong focus on infrastructure development across various sectors, including transportation, marine, buildings, and energy. Known for its expertise in executing complex projects, Afcons has played a key role in the construction of highways, railways, metro systems, and port facilities. The company is committed to innovation and sustainability, employing advanced technologies to enhance project delivery while prioritizing quality and safety. With a growing international presence, Afcons continues to be a significant player in shaping the infrastructure landscape in India and beyond. Read More

Basic Info

Face Value 10 per share

Price 440  to  463 per share

P/E (x) 35.1

Sales( Cr.) 12548

PAT( Cr.) 487

EPS 13.2

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Goswami Infratech Private Limited Shapoorji Pallonji and Company Private Limited Floreat Investments Private Limited.

Pre Issue Share Holding 31.18%

Post Issue Share Holding 26%

Listing Details:

Listing Price: 430.05

Listing Gain: -7.66%

Current Price: 339.1

Gain On Issue: 339.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 25, 2024
Closing Date Oct 29, 2024
Allotment Oct 30, 2024
Refund Oct 31, 2024
Delivery of Shares Oct 31, 2024
Listing Date Nov 01, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 32 14,816
Retail (Max) 13 416 192,608
S-HNI (Min) 14 448 207,424
S-HNI (Max) 67 2144 992,672
B-HNI (Min) 68 2176 1,007,488

Objective of the Issue

1. Capital expenditure towards purchase of construction equipment 2. Funding long term working capital requirements 3. Prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by the Company 4. General corporate purpose

Issue

Category Nos Bid Bid (x)
QIB 58639309 233970843 4x
NII 17591793 93412421 5.3x
Retail 41047516 40637041 1x
EMP 0 0 0x
Total 117278618 324861772 2.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

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
Other Income 140 137 101 137 149 197 146 251 207 379 493
Total Income 4070 4474 6406 6688 8876 10131 9521 11270 12844 13647 13041
Total Expenditure 3640 3900 5728 5937 8023 9124 8513 10083 11327 11902 11211
Operating Profit 431 574 678 751 853 1007 1008 1187 1517 1744 1830
Interest 213 270 302 306 285 391 468 425 447 577 629
Depreciation 139 156 169 201 249 240 250 355 472 495 491
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 79 148 207 244 319 376 291 407 599 673 710
Provision for Tax 26 70 54 80 85 128 121 49 188 223 223
Profit After Tax 53 78 153 164 234 248 170 358 411 450 487
Adjustments -0 1 2 9 6 -2 -3 -1 0 0 0
Profit After Adjustments 53 79 154 174 240 246 167 356 411 450 487
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

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

Sihora Industries 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 -20% NA% NA% NA%
ROE Average 11% 14% 14% 13%
ROCE Average 20% 22% 21% 18%

Company Contact Information

Afcons Infrastructure Ltd.

Afcons House, 16 Shah Industrial Estate Veera Desai Road Andheri (West)

IPO Lead Manager(s)

Afcons Infrastructure Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

ICICI Securities Ltd

Jefferies India Pvt Ltd.

Nomura Financial Advisory & Securities (India) Pvt Ltd.

Nuvama Wealth Management Ltd.

Registrar Info

Afcons Infrastructure Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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