PNC Infratech Limited

PNC Infratech Limited

PNCINFRANSE / BSETechnologySmall Cap

₹124.25-₹9.40 (-7.0%)

Last close · Data as of Oct 30, 2026

Market cap
₹6,063 Cr
P/E
16.5x
EV / EBITDA
4.2x
Revenue
₹5,513 Cr
Net margin
11.0%
ROCE
24.7%

-56.3% over the last year

PNC Infratech Limited price, 1Y

Daily closes.

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Performance

Price change over each period, before dividends.

1M
-6.6%
3M
-48.1%
6M
-41.9%
1Y
-56.3%
5Y
-63.6%

52-week range

Day change -₹9.40 (-7.0%) from ₹134 to ₹124 · Last close Oct 30, 2026

Best weekday to invest, historically

The same weekly amount in PNCINFRA, bought on each weekday since 2021.

AI Summary

Indian Stock

Strengths1

  • Healthy return on equity of 17.8%

Concerns1

  • Net profit declined 16.9% year-over-year

Rule-based from financial data. Not advice.

About the company

PNC Infratech Limited, together with its subsidiaries, engages in the construction, development, operation, and management of infrastructure projects in India.

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PNC Infratech Limited, together with its subsidiaries, engages in the construction, development, operation, and management of infrastructure projects in India. The company undertakes various infrastructure projects, including roads, highways, bridges, flyovers, power transmission lines, airport runways and pavements, rural drinking water supply, irrigation, industrial area development, rail freight corridors, and other infrastructure projects. It also provides end-to-end infrastructure implementation solutions, such as engineering, procurement, and construction services on a fixed-sum turnkey basis, as well as on an item rate basis; and executes and implements projects on a design-build-finance-operate-transfer, operate-maintain-transfer, hybrid annuity model, and other public-private partnership formats. The company was formerly known as PNC Construction Company Limited and changed its name to PNC Infratech Limited in August 2007. PNC Infratech Limited was founded in 1989 and is headquartered in Agra, India.

Sector
Technology
Shares outstanding
25.7 Cr shares
ISIN
INE195J01029
BSE code
539150

Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.

Valuation

Market cap
₹6,063 Cr
P/E
16.5x
P/B
1.1x
EV / EBITDA
4.2x
EV / Sales
0.7x
P/S
0.8x
Earnings yield
6.1%
52-week high
₹285.85
52-week low
₹124.25

Profitability

Operating margin
16.6%
Net margin
11.0%
EBITDA margin
17.0%
ROE
17.8%
ROCE
24.7%
ROA
11.7%
Dividend payout
2.0%
Tax rate
25.0%
Other income, % of PBT
2.5%

Growth

Revenue
₹5,513 Cr
Revenue growth, 1Y
-28.4%
Revenue CAGR, 5Y
9.6%
EBITDA
₹1,305 Cr
EBITDA growth, 1Y
31.6%
Net profit growth, 1Y
-16.9%
Net profit CAGR, 5Y
13.1%
Cash from operations
₹1,261 Cr
CFO growth, 1Y
-924.2%
Free cash flow
-₹70.0 Cr
Asset growth, 1Y
19.4%

Solvency and efficiency

Current ratio
3.27
Debt / Equity
0.08
Debt / Assets
0.05
Debt / EBITDA
0.30
Interest coverage
19.35
Financial leverage
1.52
CFO / Net profit
1.48
Cash / Market cap
84.3%
Cash per share
₹198.87
Asset turnover
1.06
Fixed asset turnover
16.24
Capital intensity
0.06
Debtor days
92 days
Inventory turnover
4.40
Cash conversion cycle
74 days

Where the revenue went

Of every ₹100 of FY2025 revenue, ₹13 was left as net profit.

PNC Infratech Limited income statement flow, FY2025
PNC Infratech Limited income statement flow, FY2025: flows
FromToAmount
SalesExpenses₹4,464 Cr
SalesOperating profit₹1,049 Cr
Operating profitInterest₹76 Cr
Operating profitDepreciation₹90 Cr
Operating profitProfit before tax₹883 Cr
Other incomeProfit before tax₹66 Cr
Profit before taxTax and other₹243 Cr
Profit before taxNet profit₹706 Cr

Revenue and net profit

Revenue fell 28.4% in FY2025; net profit is the dashed line.

PNC Infratech Limited revenue and net profit by fiscal year
PNC Infratech Limited revenue and net profit by fiscal year
DateRevenueNet profit
FY2021₹4,925 Cr₹362 Cr
FY2022₹6,306 Cr₹448 Cr
FY2023₹7,061 Cr₹611 Cr
FY2024₹7,699 Cr₹850 Cr
FY2025₹5,513 Cr₹706 Cr

Cash flows

FY2025: ₹551 Cr from operations, ₹8.00 Cr free after investment (dashed).

PNC Infratech Limited operating and free cash flow by fiscal year
PNC Infratech Limited operating and free cash flow by fiscal year
DateOperating cash flowFree cash flow
FY2021₹273 Cr-₹2 Cr
FY2022₹308 Cr₹0 Cr
FY2023-₹153 Cr-₹267 Cr
FY2024₹1,261 Cr₹475 Cr
FY2025₹551 Cr₹8 Cr

Growth

Latest fiscal year FY2025 (ending March): each figure with its change over the year before.

Revenue
₹5,513 Cr-28.4%1Y
Net profit
₹706 Cr-16.9%1Y
Cash from operations
₹551 Cr
Free cash flow
₹8 Cr-98.3%1Y
Revenue CAGR, 5Y
9.6%
EBITDA CAGR, 5Y
8.9%
Net profit CAGR, 5Y
13.1%
YearRevenueOperating incomeEBITDANet profitCFOFCFROERevenue growth 1YNet profit growth 1Y
FY2025₹5,513 Cr₹1,049 Cr—₹706 Cr₹551 Cr₹8 Cr12.9%-28.4%-16.9%

Monthly returns

Month-by-month returns of PNCINFRA across the years, with the seasonal pattern.

Balance sheet

What the company owns and owes at the end of FY2025.

LineFY2025
Liabilities and equity₹8,102 Cr
Equity capital₹51 Cr
Reserves₹5,424 Cr
Borrowings₹420 Cr
Other liabilities₹2,207 Cr
Assets₹8,102 Cr
Fixed assets₹408 Cr
Capital work in progress₹0 Cr
Investments₹2,171 Cr
Other assets₹5,522 Cr

Market cap against peers

8 peers: same sector group, nearest by size.

P/E against peers

PNCINFRA trades at 16.5x earnings against a peer median of 52.1x (a 68% discount).

Peer comparison

Same-sector peers by market cap, with the median.

CompanyMarket capP/EP/BROEEV/EBITDA
PNC Infratech LimitedPNCINFRAthis companyP/E ↓ discount₹6,063 Cr16.5x1.1x17.8%4.2x
TANLA PLATFORMS LIMITEDTANLA₹6,599 Cr25.4x13.0x25.7%34.5x
Happiest Minds Technologies LimitedHAPPSTMNDS₹6,535 Cr31.9x4.2x16.7%16.6x
GARWARE TECHNICAL FIBRES LIMITEDGARFIBRES₹6,415 Cr32.7x5.0x16.2%21.3x
Mastek LimitedMASTEK₹6,301 Cr34.5x7.8x14.1%44.8x
Dynamatic Technologies Ltd.DYNAMATECH₹6,152 Cr122.0x8.5x15.6%35.3x
Avalon Technologies LimitedAVALON₹5,943 Cr80.0x7.7x4.8%115.1x
AXISCADES TECHNOLOGIES LIMITEDAXISCADES₹5,771 Cr188.0x14.6x-1.1%96.9x
Aurionpro Solutions Ltd.AURIONPRO₹5,678 Cr54.6x5.3x6.4%73.0x
Peer median—52.1x7.8x14.5%34.2x

Year-to-date ROI

PNCINFRA since 1 January, against earlier years.

Historical volatility

PNCINFRA'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

PNC Infratech Limited operating margin by fiscal year
PNC Infratech Limited operating margin by fiscal year
DateOperating margin
FY202114.0%
FY202212.0%
FY202314.0%
FY202417.0%
FY202519.0%
LineFY2025
RevenueSales₹5,513 Cr
Costs
Interest₹76 Cr
Expenses₹4,464 Cr
Profit before tax₹949 Cr

Learn while you research

Academy chapters picked for PNC Infratech Limited and the metrics on this page.

  1. 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
  2. 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
  3. 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
  4. 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
  5. 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
  6. 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read
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