Afcons Infrastructure Ltd
AFCONSAfcons Infrastructure Ltd
AFCONS


Price Chart
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
40.64 | 4.77 | 0.50% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
43.01 | 6.20 | 0.63% |
Forecast & Ratings
Detailed Forecast from 3 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Afcons Infrastructure Ltd is an infrastructure construction company in India engaged in marine works, highways, railways, metro projects, and oil & gas facilities.
Investor Presentation
View olderPeers
Compare with peersGet more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 4,474.18 | 6,405.72 | 6,732.93 | 8,875.68 | 10,130.69 | 9,521.13 | 11,269.54 | 12,844.09 | 13,646.88 | 12,958.39 | ||||||||||
Raw Materials | 1,269.00 | 2,170.85 | 1,941.82 | 2,115.81 | 2,676.88 | 2,544.56 | 3,176.31 | 3,851.71 | 4,012.48 | 11,285.80 | ||||||||||
Power & Fuel Cost | 174.55 | 303.76 | 272.64 | 258.12 | 370.38 | 392.77 | 541.21 | 646.60 | 603.21 | |||||||||||
Employee Cost | 523.14 | 673.79 | 754.18 | 823.39 | 971.37 | 924.16 | 1,084.98 | 1,298.23 | 1,383.42 | |||||||||||
Selling & Administrative Expenses | 354.80 | 504.24 | 539.91 | 523.49 | 484.24 | 495.40 | 637.64 | 712.61 | 901.31 | |||||||||||
Operating & Other expenses | 1,578.84 | 2,075.38 | 2,473.42 | 4,302.37 | 4,621.11 | 4,156.20 | 4,642.75 | 4,817.62 | 5,002.05 | |||||||||||
EBITDA | 573.85 | 677.70 | 750.96 | 852.50 | 1,006.71 | 1,008.04 | 1,186.65 | 1,517.32 | 1,744.41 | 1,672.59 | ||||||||||
Depreciation/Amortization | 155.75 | 168.62 | 200.61 | 248.56 | 240.30 | 249.97 | 355.37 | 471.58 | 494.53 | 475.12 | ||||||||||
PBIT | 418.10 | 509.08 | 550.35 | 603.94 | 766.41 | 758.07 | 831.28 | 1,045.74 | 1,249.88 | 1,197.47 | ||||||||||
Interest & Other Items | 270.28 | 302.23 | 306.21 | 284.68 | 390.79 | 467.57 | 424.73 | 446.66 | 577.26 | 583.90 | ||||||||||
PBT | 147.82 | 206.85 | 244.14 | 319.26 | 375.62 | 290.50 | 406.55 | 599.08 | 672.62 | 613.57 | ||||||||||
Taxes & Other Items | 69.23 | 52.62 | 80.02 | 79.16 | 130.03 | 123.53 | 50.20 | 188.21 | 222.86 | 191.40 | ||||||||||
Net Income | 78.59 | 154.23 | 164.12 | 240.10 | 245.59 | 166.97 | 356.35 | 410.87 | 449.76 | 422.17 | ||||||||||
EPS | 11.01 | 21.79 | 22.99 | 33.36 | 34.12 | 23.20 | 49.51 | 57.09 | 21.80 | 12.39 | ||||||||||
DPS | 3.00 | 3.00 | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 4.00 | 2.50 | 0.00 | ||||||||||
Payout ratio | 0.27 | 0.14 | 0.15 | 0.10 | 0.10 | 0.15 | 0.07 | 0.07 | 0.11 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
IndustrialsConstruction & Engineering
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Afcons Infrastructure Ltd | 38.15 | 4.77 | 0.50% |
Larsen and Toubro Ltd | 35.14 | 4.47 | 1.02% |
GMR Airports Ltd | -140.71 | -92.45 | — |
IRB Infrastructure Developers Ltd | 53.04 | 2.34 | 0.56% |
Price Comparison
Compare AFCONS with any stock or ETFShareholdings
Promoter Holdings Trend
High Pledged Promoter Holding
A significant proportion of promoter holdings is pledged
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 8.45%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 9.79%
Shareholding Pattern
Mar 2024
Oct 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Afcons Infrastructure Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 1.1894% | Percentage of the fund’s portfolio invested in the stock 6.18% | Change in the portfolio weight of the stock over the last 3 months 0.11% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/37 (+1) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.6536% | Percentage of the fund’s portfolio invested in the stock 0.30% | Change in the portfolio weight of the stock over the last 3 months 0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 107/126 (+11) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.5793% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 74/95 (-12) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
AFCONS has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.50%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.96 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Afcons Infrastructure will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live
Afcons Infrastructure has received the Letter of Award (LOA) today from M/s. Hindustan Gateway Container Terminal Kandla (a group entity of DP World). The contract valued at Rs 1,283 crore is for design and construction of the marine package of the container terminal at Tuna Tekra - India (Package 1) to be be completed in 29 monhts. Powered by Capital Market - Live
Crisil Ratings stated that the ratings reflect the strong business profile of Afcons (part of Shapoorji Pallonji Group), demonstrated by its established track record and ability to execute complex infrastructure engineering projects in India and overseas. Aided by robust order inflow of Rs 12,677 crore in the first half of fiscal 2025, the company had an order book of Rs 34,152 crore as of September 2024 across the urban infrastructure, hydro and underground including water and irrigation projects, surface transport, marine, and oil and gas segments. Around 83% of the order book is domestic, while around 17% is overseas and involves varied counterparties. This level of diversification shall reduce risk associated with a particular segment, geography or counterparty. As of September 2024, around 50% of the order book was in early stages of execution with less than 10% completion, on account of the recent order inflow. However, given the company's track record of timely project execution, the risk of delays in these projects is expected to be low. The company exhibits healthy operating efficiency, as reflected in the double-digit operating margin on a sustained basis and strong return on capital employed (RoCE) of more than 17% in the past five years. However, the company has sizeable receivables under arbitration and contract assets, pertaining to uncertified work in four projects. While this is owing to the nature of engineering, procurement and construction (EPC) business and is typical for players across the industry, it will be monitorable from a credit risk standpoint. The company has maintained average cash and equivalent of more than Rs 600 crore from fiscal 2020 onwards, which supports its financial flexibility. The company has access to fund-based working capital limits with average utilisation of 75% over the past 12 months, providing an additional cushion of around Rs 630 crore. Financial flexibility is also aided by available lines of interest-free mobilisation advances of Rs 500 crore not yet tapped by the company. These rating strengths are partially offset by large working capital requirement in the EPC business, moderate leverage indicators, delays in realisation of arbitration receivables and pending certification of bills in a few projects. Afcons Infrastructure construction and engineering company involved in infrastructure projects across elevated and underground metro, bridges, roads, tunnels, ports and marine works, and oil and gas. Shapoorji Pallonji Group holds 50.17% in Afcons, with Goswami Infratech Pvt Ltd holding 25.03%, Shapoorji Pallonji and Company Pvt Ltd (SPCPL) holding 15.41% and the remaining held by other promoter entities. For the first half of fiscal 2025, the company reported revenue of Rs 6,114 crore and profit after tax of Rs 227 crore against Rs 6,505 crore and Rs 195 crore, respectively, for the corresponding period of last fiscal. The scrip fell 2% to currently trade at Rs 451.05 on the BSE. Powered by Capital Market - Live
Afcons Infrastructure announced that CRISIL Ratings has assigned long term rating of CRISIL AA-/Stable for the total bank-loan facilities of the Company and has assigned rating of CRISIL A1+ for commercial paper. Powered by Capital Market - Live
Afcons Infrastructure has emerged as the Lowest bidder (L1) for the tender invited for the work of construction of the Access Controlled Pune Ring Road (East) Packages PRR E5 and E7 by the Maharashtra State Road Development Corporation (MSRDC). The project details are mentioned below: 1. Construction of Access Controlled Pune Ring Road (East) Package PRR E5 from Km.72+335 Valati, Taluka Haveli to Km.81+900 Sonori, Taluka Purandar, District Pune. Bid Project Cost - Rs 2,718.50 crore. 2. Construction of Access Controlled Pune Ring Road (East) Package PRR E7 from Km 97+900 Garade, Taluka Purandar to Km.104+140 Shiware, Taluka Bhor, District Pune. Bid Project Cost - Rs 2,068.70 crore. Powered by Capital Market - Live
The civil construction company has been selected for two projects for construction of the access-controlled Pune Ring Road (East) Packages PRR E5 and E7. Both the projects are to be completed within 36 months. The package PRR E5 entails construction of Pune Ring Road (East) from Valati, Taluka Haveli to Sonori, Taluka Purandar, District Pune. The bid cost of this project is Rs 2,718.50 crore. The package PRR E5 entails construction of Pune Ring Road (East) from Garade, Taluka Purandar to Shiware, Taluka Bhor, District Pune. The bid cost of this project is Rs 2,068.70 crore. Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with a strong track record of executing numerous technologically complex EPC projects both within India and internationally. The company's consolidated net profit jumped 30% to Rs 135.43 crore despite a 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24. The scrip slipped 3.92% to Rs 479.60 on the BSE. Powered by Capital Market - Live
Afcons Infrastructure has received a Letter of Intent from the Govt of India, Ministry of Defence, Defence Research and Development Organisation (DRDO) for infrastructure works on EPC basis. The value of the project is Rs 1,084.54 crore. Powered by Capital Market - Live
The order involves the execution of work for the augmentation of MTC, creation of SAF, and installation of workshop equipment for the Ship Lift Facility (AMCSWF) at Visakhapatnam, Andhra Pradesh. The project will follow a design & build (D&B) concept and includes civil, mechanical, electrical, HVAC, ELV systems, furniture & interiors, and other associated works. The project is scheduled for completion within 36 months. Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally. The company's consolidated net profit jumped 30% to Rs 135.43 crore despite of 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Afcons Infrastructure has received a Letter of Intent from the Govt of India, Ministry of Defence, Defence Research and Development Organisation (DRDO) for the execution of work related to the augmentation of MTC, creation of SAF, and workshop equipment for the ship lift facility (AMCSWF) at Visakhapatnam. The value of the contract is Rs 1084.54 crore. Powered by Capital Market - Live
Afcons Infrastructure has been announced as the winner of the Most Innovative Knowledge Enterprise (MIKE) Award 2024 for the 7th consecutive year, both at the Global and India levels. This recognition highlights Afcons' commitment to innovation and excellence in knowledge management. This award is given by the International Global MIKE Study Group, comprising world experts in effective knowledge management and innovative practices. Afcons continues to be the only company in the infrastructure sector, globally, to be consistently recognised for its progress in harnessing knowledge assets as a key competitive differentiator. The company has won MIKE awards at both the India and Global levels from 2018 to 2024. Previously, Afcons was awarded the Most Admired Knowledge Enterprise (MAKE) award in 2016 and 2017 at three levels - India, Asia, and Global.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.98%, vs industry avg of 8.79%
Constant Market Share
Over the last 5 years, market share stayed at 2.83%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 13.38%, vs industry avg of 27.91%