Afcons Infrastructure Limited
₹206.10-₹5.90 (-2.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹13,273 Cr
- P/E
- 22.5x
- EV / EBITDA
- 7.6x
- Revenue
- ₹12,500 Cr
- Net margin
- 3.4%
- ROCE
- 24.3%
Price chart
Technical chartScreen technicals →-54.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -17.0%
- 3M
- -24.6%
- 6M
- -39.3%
- 1Y
- -54.3%
- 5Y
- -58.1%
52-week range
Day change -₹5.90 (-2.8%) from ₹212 to ₹206 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in AFCONS, bought on each weekday since 2024.
AI Summary
Indian StockStrengths1
- Large-cap with ₹13.3K Cr market capitalisation
Concerns1
- Other income is 55.6% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally. The company undertakes marine works, highways, bridges, metro works, power houses, tunnels, oil and gas, liquified natural gas tanks, and other general civil engineering projects.
Read moreShow less
Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally. The company undertakes marine works, highways, bridges, metro works, power houses, tunnels, oil and gas, liquified natural gas tanks, and other general civil engineering projects. It also constructs ports and harbour jetties, dry docks, wet basins, breakwaters, outfall and intake structures, and material handling systems; roads, interchanges, mining-related infrastructure railways; and dams and barrages, and water and irrigation projects, as well as tunnels, such as road tunnels and underground works. The company also undertakes elevated and underground metro, flyovers, and elevated corridor works; and onshore and offshore oil and gas projects. Afcons Infrastructure Limited was formerly known as Asia Foundations and Constructions Limited and changed its name to Afcons Infrastructure Limited in August 1996. The company was founded in 1959 and is based in Mumbai, India.
- Sector
- Industrials
- Shares outstanding
- 36.8 Cr shares
- ISIN
- INE101I01011
- BSE code
- 544280
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹13,273 Cr
- P/E
- 22.5x
- P/B
- 2.7x
- EV / EBITDA
- 7.6x
- EV / Sales
- 1.0x
- P/S
- 1.0x
- Earnings yield
- 4.4%
- 52-week high
- ₹459.10
- 52-week low
- ₹206.10
Profitability
- Operating margin
- 10.6%
- Net margin
- 3.4%
- EBITDA margin
- 13.4%
- ROE
- 14.4%
- ROCE
- 24.3%
- ROA
- 2.8%
- Dividend payout
- 19.0%
- Tax rate
- 34.0%
- Other income, % of PBT
- 55.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹12,500 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,733 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹813 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -32.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹35.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.5%
Solvency and efficiency
- Current ratio
- 1.28
- Debt / Equity
- 0.83
- Debt / Assets
- 0.16
- Debt / EBITDA
- 1.46
- Interest coverage
- 2.36
- Financial leverage
- 5.08
- CFO / Net profit
- 1.84
- Cash / Market cap
- 96.3%
- Cash per share
- ₹347.75
- Asset turnover
- 0.83
- Fixed asset turnover
- 4.66
- Capital intensity
- 0.21
- Debtor days
- 84 days
- Inventory turnover
- 2.47
- Cash conversion cycle
- -161 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹11,036 Cr |
| Sales | Operating profit | ₹1,464 Cr |
| Operating profit | Interest | ₹628 Cr |
| Operating profit | Depreciation | ₹489 Cr |
| Operating profit | Profit before tax | ₹347 Cr |
| Other income | Profit before tax | ₹462 Cr |
| Profit before tax | Tax and other | ₹223 Cr |
| Profit before tax | Net profit | ₹586 Cr |
Revenue and net profit
Revenue fell 3.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹8,931 Cr | ₹126 Cr |
| FY2022 | ₹10,499 Cr | ₹259 Cr |
| FY2023 | ₹12,467 Cr | ₹410 Cr |
| FY2024 | ₹12,907 Cr | ₹442 Cr |
| FY2025 | ₹12,500 Cr | ₹586 Cr |
Cash flows
FY2025: -₹117 Cr from operations, -₹256 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹794 Cr | ₹613 Cr |
| FY2022 | ₹570 Cr | ₹359 Cr |
| FY2023 | ₹1,198 Cr | ₹378 Cr |
| FY2024 | ₹813 Cr | -₹78 Cr |
| FY2025 | -₹117 Cr | -₹256 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹12,500 Cr-3.2%1Y
- Net profit
- ₹586 Cr+32.6%1Y
- Cash from operations
- -₹117 Cr
- Free cash flow
- -₹256 Cr
- Revenue CAGR, 5Y
- 6.9%
- EBITDA CAGR, 5Y
- 11.6%
- Net profit CAGR, 5Y
- 12.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹12,500 Cr | ₹1,464 Cr | — | ₹586 Cr | -₹117 Cr | -₹256 Cr | 12.1% | -3.2% | +32.6% |
Monthly returns
Month-by-month returns of AFCONS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹16,675 Cr |
| Equity capital | ₹368 Cr |
| Reserves | ₹4,459 Cr |
| Borrowings | ₹2,359 Cr |
| Other liabilities | ₹9,490 Cr |
| Assets | ₹16,675 Cr |
| Fixed assets | ₹2,725 Cr |
| Capital work in progress | ₹33 Cr |
| Investments | ₹20 Cr |
| Other assets | ₹13,897 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
AFCONS trades at 22.5x earnings against a peer median of 38.3x (a 41% discount).
Not shown (no positive earnings and no EV / Sales): SKF INDIA (INDUSTRIAL) LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Afcons Infrastructure LimitedAFCONSthis companyP/E ↓ discount | ₹13,273 Cr | 22.5x | 2.7x | 14.4% | 7.6x |
| Syrma SGS Technology LimitedSYRMA | ₹13,598 Cr | 74.8x | 4.9x | 1.4% | 159.4x |
| ELITECON INTERNATIONAL LIMITEDELITECON | ₹13,544 Cr | 228.0x | 83.9x | -7.1% | 1952.1x |
| GALLANTT ISPAT LIMITEDGALLANTT | ₹13,461 Cr | 27.4x | 4.3x | 9.2% | 30.1x |
| SKF INDIA (INDUSTRIAL) LIMITEDSKFINDUS | ₹13,233 Cr | — | — | — | — |
| Usha Martin Ltd.USHAMART | ₹13,169 Cr | 40.7x | 8.3x | 24.4% | 28.5x |
| Kirloskar Brothers Ltd.KIRLOSBROS | ₹12,907 Cr | 55.0x | 7.6x | 16.7% | 33.5x |
| Blue Dart Express Ltd.BLUEDART | ₹12,834 Cr | 49.6x | 7.6x | 20.1% | 21.7x |
| KSB LIMITEDKSB | ₹12,762 Cr | 49.7x | 8.7x | — | — |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
AFCONS since 1 January, against earlier years.
Historical volatility
AFCONS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 8.0% |
| FY2022 | 7.0% |
| FY2023 | 11.0% |
| FY2024 | 11.0% |
| FY2025 | 12.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹12,500 Cr |
| Costs | |
| Interest | ₹628 Cr |
| Expenses | ₹11,036 Cr |
| Operating profitOperating Profit | ₹1,464 Cr |
| Other income and charges | |
| Profit before tax | ₹809 Cr |
| Tax | |
| Net profitNet Profit | ₹586 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹16,675 Cr |
| Equity capitalEquity Capital | ₹368 Cr |
| Reserves | ₹4,459 Cr |
| Borrowings | ₹2,359 Cr |
| Other liabilitiesOther Liabilities | ₹9,490 Cr |
| AssetsTotal Assets | ₹16,675 Cr |
| Fixed assetsFixed Assets | ₹2,725 Cr |
| Capital work in progressCWIP | ₹33 Cr |
| Investments | ₹20 Cr |
| Other assetsOther Assets | ₹13,897 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹117 Cr |
| Investing cash flowCash from Investing Activity | -₹139 Cr |
| Financing cash flowCash from Financing Activity | ₹292 Cr |
| Change in cashNet Cash Flow | ₹35 Cr |
Learn while you research
Academy chapters picked for Afcons Infrastructure Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read