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Swing Capital

Afcons Infrastructure Ltd

NSE: AFCONS BSE: 544280Infra

Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company.[1]

₹313
52W: ₹266 — ₹479
PE 19.5 · Book ₹134 · +134% vs book
Market Cap₹11,513 Cr
Stock P/E19.5Price to Earnings
ROCE22.5%Return on Capital
ROE14.9%Return on Equity
Div. Yield0.79%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 19.0% CAGR over last 5 years

Weaknesses

  • −The company has delivered a poor sales growth of 6.20% over past five years.
  • −Promoters have pledged 60.1% of their holding.

Shareholding Pattern

Promoters50.17%
FIIs12.19%
DIIs20.96%
Public16.69%
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.17%50.17%50.17%50.17%50.17%50.17%
FIIs18%18.21%▲0.215.8%▼2.412.81%▼3.012.81%12.19%▼0.6
DIIs11.12%12.07%▲1.014.53%▲2.517.94%▲3.419.6%▲1.720.96%▲1.4
Public20.71%19.55%▼1.219.5%▼0.119.06%▼0.417.4%▼1.716.69%▼0.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales3,2053,0473,5573,1302,9473,2053,2193,3632,9882,974
Expenses2,8782,6623,2142,7622,5992,8212,8582,9302,6502,551
Operating Profit327385344368348384360434338423
OPM %10%13%10%12%12%12%11%13%11%14%
Net Profit94125130104140167175136112105
EPS ₹13.1117.383.83.044.124.534.773.693.052.86

AI Insights

Revenue Trend

TTM revenue at ₹12,543Cr, up 0.3% YoY. OPM at 12%.

Debt Position

Borrowings at ₹3,582Cr. Debt-to-equity ratio: 0.78x. Moderate leverage.

Capex Cycle

CWIP at ₹42Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 20.96% (+9.84pp change). FIIs: 12.19% (-5.81pp change). Promoters hold 50.17%.

Margin & Efficiency

ROCE improving from 12% (Mar 2014) to 23% (Mar 2025). Working capital days: 60.

Valuation

PE 19.5x with 22.5% ROCE. Price is 134% above book value of ₹134. Dividend yield: 0.79%.

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