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    Industrial services

  3. •

    Engineering & construction
Afcons Infrastructure Limited

Afcons Infrastructure Limited

217.50
INR
-17.80
(-7.56%)
3.88EPS
79.78P/E
114.82BMarket Cap
Nov 14Next Earn
Afcons Infrastructure Limited
BSE:AFCONS
(Bombay Stock Exchange)

Recent

price

217.50

P/E

ratio

79.78

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
INR
253.01
297.55
340.94
358.75
339.98
323.23
304.23
Revenue per Share
4.54
9.69
11.17
12.23
13.24
6.84
3.91
Basic EPS, GAAP
11.86
6.89
8.06
-0.24
-12.96
-13.58
- -
Free Cash Flow per Basic Share
0.69
0.69
- -
0.78
0.88
2.5
- -
Dividend per Share
52.75
61.51
74.11
97.77
143.03
148.18
- -
Book Value per Share
52.73
61.48
74.09
97.75
143.01
148.16
- -
Tangible Book Value per Share
368
368
368
368
368
368
370
Basic Weighted Avg Shares
93,052
109,435
125,393
131,944
125,038
118,880
112,490
Sales/Revenue/Turnover
9.14
6.22
7.23
6.87
8.99
7.57
5.64
Operating Margin (%)
2,500
3,554
4,716
4,945
4,911
4,539
3,986
Depreciation Expense
1,670
3,564
4,109
4,498
4,868
2,515
1,447
Net Income, GAAP
41.51
12.04
31.42
33.13
31.44
35.17
43.45
Effective Tax Rate (%)
1.79
3.26
3.28
3.41
3.89
2.12
1.29
Profit Margin (%)
6,762
6,684
7,250
10,918
30,212
29,425
- -
Working Capital
4,858
4,361
6,122
6,328
6,535
9,691
- -
LT Debt
23,795
27,028
31,773
35,975
52,621
54,506
- -
Total Equity
- -
14.71
13.26
10.86
10.22
5.81
- -
Return on Invested Capital (%)
- -
15.02
13.58
13.34
11.7
7.08
- -
Return on Capital (%)
- -
16.96
16.48
14.23
10.99
4.7
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
26,578
- -
LT Borrowings
- -
9,196
- -
LT Finance Leases
- -
495
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
368
368
368
Market Capitalization
142,296
99,633
114,822

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
129,540
- -
Cash, Cash Equivalents & STI
- -
9,698
- -
Accounts Receivable, Net
- -
34,315
- -
Inventories
- -
10,166
- -
Total Current Liabilities
- -
100,114
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
26,578
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.85%
3.58%
Free Cash Flow
- -
1,020.6%
4.74%
Net Income, GAAP
- -
19.61%
-48.34%
Sales/Revenue/Turnover
- -
5.45%
-4.92%
Total Cash Common Dividend
- -
- -
184.06%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
31,544
29,597
32,111
32,233
125,038
2026
33,704
29,884
29,758
26,138
118,880
2027
26,710
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.49
3.68
4.05
3.02
13.24
2026
3.74
2.85
2.63
-2.41
6.84
2027
0.82
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.88
2026
- -
- -
- -
- -
2.5
2027
- -
- -
- -
- -
- -
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Business
Afcons Infrastructure Ltd. (AFCONS.NS), a flagship engineering, procurement, and construction (EPC) company of the Shapoorji Pallonji Group, specializes in large-scale infrastructure projects worldwide; its core services encompass marine works including ports, jetties, and LNG tanks; highways, bridges including cable-stayed and suspension types, flyovers, and road tunnels; railways, metros with underground and elevated systems, stations, and depots; tunnels such as India's longest railway and highway tunnels; oil and gas structures; power plants covering thermal, hydro, nuclear, transmission, and distribution lines; urban infrastructure like airports, commercial and residential buildings, factories, warehouses, water treatment plants, sewage treatment facilities, and drainage systems; as well as barrages and general civil engineering projects. Founded in 1959 as a civil construction partnership between Rodio Foundation Engineering Limited of Switzerland and Hazarat & Company of India, subsequently renamed Asia Foundations and Construction Ltd. in 1976 and Afcons Infrastructure Ltd., the company maintains headquarters in Mumbai, India, at Afcons House, 16 Shah Industrial Estate, Veera Desai Road, Azadnagar, Andheri West, and operates across more than 25 countries in regions including Asia, Africa, the Middle East, and Europe, targeting government entities, private developers, and industrial clients in transportation, energy, water, and urban development sectors. Recent developments include securing a ₹700 crore contract from Reliance Industries Ltd. for vinyl project works at Dahej in June 2025; awarding a work order exceeding ₹5 million to Trishakti Electronics for machinery and manpower in November 2025 with execution by December 8, 2025; clinching a ₹463.50 crore water supply project in Rajasthan for completion within 20 months; contributing to the Kanpur Metro's central station and 2.4 km underground tunnelling; appointing Dimitrius D'Mello as Director (Commercial & Special Initiatives) to bolster supply chain operations; and navigating a Q2 FY26 performance dip attributed to prolonged monsoons, prompting an ICICI Securities downgrade to HOLD in November 2025.