Afcons Infrastructure Ltd.
AFCONSNSEInfrastructureEngineering - ConstructionSmall Cap
₹313.45
▼ 1.79%
loading…
27
Composite
The company is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group. It has a strong track record of executing numerous technologically complex EPC projects both within India and internationally.
Q-DITS fundamental score
27Composite
Growth
0
Profitability
39
Valuation
40
Quality
44
Solvency
65
Earnings
0
Key metrics
MCap
₹11.5K Cr
TTM PE
45.8x
Industry PE
23.3x
TTM EPS
₹6.84
Book Value
₹147.64
Face Value
₹10
Div Yield
0.64%
PEG
—
PB
3.4x
ROE
11%
ROCE
19.8%
EBITDA mgn
14.6%
D/E
0.42
Int. Cover
2.1x
Curr. Ratio
1.35x
EPS
₹13.24
Growth — CAGR across horizons
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Net Sales | -4.8% | — | — | — |
| EBITDA | -10.2% | — | — | — |
| Net Profit | -38.1% | — | — | — |
Score snapshot
Piotroski
5/9
Altman Z
1.33
Quality
43.6
Growth
0.3
Valuation
40
Earn. Qual
0
PEAD
-3
SURGE
-3
Loading price data…
Loading delivery data…
Revenue, profitability & returns
Revenue & Net Profit (₹ Cr)
RevenueNet Profit
Margins (%)
EBITDA%PAT%
Return ratios (%)
ROEROCEROA
Annual financials — last 10 years
Tap a row to expand the full chart
| Metric | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›RevenueCr | 4,337 | 6,305 | 6,551 | 8,727 | 9,934 | 9,376 | 11,019 | 12,637 | 13,268 | 12,548 | |
| ›EBITDACr | 574 | 678 | 751 | 853 | 1,007 | 1,008 | 1,187 | 1,517 | 1,744 | 1,830 | |
| ›EBITDA margin | 13.2% | 10.8% | 11.5% | 9.8% | 10.1% | 10.8% | 10.8% | 12% | 13.2% | 14.6% | |
| ›Net profitCr | 78 | 153 | 164 | 234 | 248 | 170 | 358 | 411 | 450 | 487 | |
| ›PAT margin | 1.8% | 2.4% | 2.5% | 2.7% | 2.5% | 1.8% | 3.2% | 3.3% | 3.4% | 3.9% | |
| ›EPS₹ | ₹11.1 | ₹21.42 | ₹24.12 | ₹33.35 | ₹34.12 | ₹23.19 | ₹49.51 | ₹57.08 | ₹13.2 | ₹13.24 | |
| ›Revenue growth | 10.3% | 45.4% | 3.9% | 33.2% | 13.8% | -5.6% | 17.5% | 14.7% | 5% | -5.4% | |
| ›PAT growth | 46.4% | 96.1% | 7.5% | 42.8% | 5.7% | -31.4% | 110.5% | 14.9% | 9.5% | 8.2% | |
| ›ROE | 8.8% | 13.7% | 13.1% | 16.1% | 14.7% | 9.1% | 17% | 16.5% | 14.2% | 11% | |
| ›ROCE | 12.9% | 14.1% | 15.5% | 17% | 20.4% | 19.3% | 20.2% | 23.2% | 23.2% | 19.8% | |
| ›ROA | 1.3% | 2.2% | 2.1% | 2.5% | 2.1% | 1.3% | 2.7% | 2.9% | 2.9% | 2.8% | |
| ›P/E | 0x | 0x | 0x | 0x | 0x | 0x | 0x | 0x | 0x | 36.7x | |
| ›P/B | 0x | 0x | 0x | 0x | 0x | 0x | 0x | 0x | 0x | 3.4x | |
| ›D/E | 1.4 | 1.2 | 0.9 | 0.8 | 0.7 | 0.7 | 0.6 | 0.5 | 0.7 | 0.4 | |
| ›Current ratio | 1.1x | 1.2x | 1.3x | 1.2x | 1.1x | 1.1x | 1.1x | 1.1x | 1.1x | 1.3x | |
| ›Interest cover | 1.5x | 1.7x | 1.8x | 2.1x | 2x | 1.6x | 2x | 2.3x | 2.2x | 2.1x |
Quarterly results
Tap a row to expand the full chart
| Metric | Trend | 2023-12 | 2024-03 | 2024-06 | 2024-09 | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›RevenueCr | 3,126 | 3,636 | 3,154 | 2,960 | 3,211 | 3,223 | 3,370 | 2,988 | 2,976 | 2,614 | |
| ›Rev growth YoY | — | — | — | -11.2% | 2.7% | -11.4% | 6.8% | 1% | -7.3% | -18.9% | |
| ›EBITDACr | 374 | 355 | 353 | 344 | 364 | 294 | 435 | 329 | 410 | 43 | |
| ›EBITDA margin | 12% | 9.8% | 11.2% | 11.6% | 11.3% | 9.1% | 12.9% | 11% | 13.8% | 1.6% | |
| ›Net profitCr | 110 | 145 | 92 | 135 | 149 | 111 | 137 | 105 | 97 | -89 | |
| ›PAT growth YoY | — | — | — | 30% | 35.7% | -23.5% | 50% | -22.4% | -35% | -179.8% | |
| ›EPS₹ | ₹15.24 | ₹4.25 | ₹2.69 | ₹3.97 | ₹4.05 | ₹3.02 | ₹3.74 | ₹2.87 | ₹2.64 | ₹-2.4 |
Balance sheet — last 10 years (₹ Cr)
Tap a row to expand the full chart
| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›Shareholders' equityCr | 1,623 | 1,791 | 2,023 | 2,243 | 2,390 | 2,712 | 3,176 | 3,596 | 5,261 | 5,450 | |
| ›ReservesCr | 1,101 | 1,269 | 1,501 | 1,721 | 1,868 | 2,190 | 2,654 | 3,255 | 4,893 | 5,082 | |
| ›Total borrowingsCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ›InvestmentsCr | 1,007 | 1,116 | 2,136 | 3,061 | 2,703 | 2,874 | 2,855 | 2,703 | 3,088 | 0 | |
| ›Total assetsCr | 3,197 | 3,752 | 4,918 | 5,661 | 5,316 | 5,748 | 6,163 | 6,518 | 8,815 | 19,131 | |
| ›Current assetsCr | 4,571 | 5,567 | 6,737 | 8,300 | 7,877 | 8,118 | 9,144 | 11,066 | 11,739 | 12,954 | |
| ›Current liabilitiesCr | 3,893 | 4,391 | 5,496 | 7,444 | 7,200 | 7,449 | 8,419 | 9,974 | 8,718 | 10,011 | |
| ›Trade payablesCr | 1,487 | 1,843 | 2,496 | 3,361 | 2,976 | 2,697 | 3,509 | 4,326 | 3,541 | 4,043 | |
| ›Gross blockCr | 2,511 | 2,634 | 2,964 | 3,391 | 3,678 | 4,317 | 4,918 | 5,643 | 6,056 | 2,410 |
Cash flow statement (₹ Cr)
Tap a row to expand the full chart
| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›Operating CF (CFO)Cr | 508 | 713 | 760 | 1,050 | 929 | 610 | 1,215 | 707 | -132 | -127 | |
| ›Investing CF (CFI)Cr | -137 | -70 | -216 | -390 | -278 | -251 | -870 | -859 | -131 | -402 | |
| ›Financing CF (CFF)Cr | -354 | -678 | -353 | -455 | -564 | -521 | -483 | 246 | 290 | 473 | |
| ›Net cash changeCr | 18 | -34 | 191 | 205 | 88 | -161 | -137 | 94 | 26 | -56 | |
| ›Closing cashCr | 160 | 126 | 317 | 523 | 613 | 447 | 319 | 413 | 440 | 386 |
Cash flow components
CFO · CFI · CFF (₹ Cr)
CFOCFICFF
Q-DITS scorecard
Composite score
27
Quality (25%)43.6
Growth (25%)0.3
Valuation (20%)40
Piotroski (15%)56
Earnings Quality (10%)0
Momentum (5%)—
Weighted blend, rescaled to the components available for this stock.
Piotroski F-Score
5/9
✓ROA positiveROA 2.85%
✗CFO positiveCFO ₹-127.49 Cr
✗ROA improving2.88% → 2.85%
✗CFO > PAT (low accruals)CFO -127.49 vs PAT 486.79
✓Leverage decreasedD/E 0.68 → 0.42
✓Liquidity improvedCR 1.11 → 1.35
✓No share dilutionEPS 13.2 → 13.24
✓Margin improvedEBITDA mgn 13.15% → 14.59%
✗Asset turnover upAsset TO 0.85 → 0.73
Altman Z-Scoregrey
1.33
X1
0.154
X2
0.266
X3
0.07
X4
0.285
X5
0.656
>2.9 safe · 1.23–2.9 grey · <1.23 distress
Quality
43.6/100
ROE
11%
ROCE
19.8%
Margin
3.9%
Debt
0.4
Int. cover
2.1x
Growth
0.3/100
Revenue 3Y
-4.8%
Profit 3Y
-38.1%
EPS
0.3%
Valuation
40/100
PE
36.8x
PB
3.4x
EV/EBITDA
10.6x
vs universe median: PE 25.6x · PB 2.81x · EV 13.41x
Earnings quality
0/100
CFO₹-127 Cr
PAT₹487 Cr
Accrual ratio0.032
CFO/PAT-0.26x
PEAD · SURGE
-3 / -3
Revenue SUE-2.21
EPS SUE-1.89
Latest quarter2026-03
Rev growth YoY-18.9%
Documents & filings
Loading documents…
Peer comparison
| Company | MCap (Cr) | Revenue | PAT | PE | PB | ROE% | ROCE% | D/E |
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | 5,79,127 | 2,85,874 | 19,159 | 36x | 5.3x | 18.6 | 16 | 1.12 |
| Rail Vikas Nigam Ltd. | 50,895 | 20,412 | 777 | 58.2x | 5.2x | 14 | 14.7 | 0.56 |
| IRB Infrastructure Developers Ltd. | 25,907 | 7,648 | 850 | 30.5x | 1.2x | 38.6 | 24.8 | 0.96 |
| Kalpataru Projects International Ltd. | 23,874 | 27,143 | 1,031 | 23x | 3.1x | 9.7 | 16.2 | 0.64 |
| Cemindia Projects Ltd. | 21,528 | 10,007 | 591 | 36x | 9x | 28.2 | 33.5 | 0.4 |
| KEC International Ltd. | 14,419 | 23,506 | 606 | 23.8x | 2.3x | 12.1 | 18.5 | 0.69 |
| Engineers India Ltd. | 14,062 | 3,928 | 644 | 20.3x | 4.5x | 19.2 | 25.8 | 0 |