PNC Infratech Ltd
PNC Infratech Limited was incorporated on 9th August 1999 as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech limited in 2007. PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.[1]
Strengths
- +Stock is trading at 0.99 times its book value
Weaknesses
- −The company has delivered a poor sales growth of 2.48% over past five years.
- −Contingent liabilities of Rs.3,595 Cr.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% |
| FIIs | 10.83% | 10.05%▼0.8 | 6.95%▼3.1 | 7.1%▲0.1 | 7.14%▲0.0 | 6.99%▼0.1 | 6.95%▼0.0 | 7.18%▲0.2 |
| DIIs | 26.36% | 25.5%▼0.9 | 26.6%▲1.1 | 26.26%▼0.3 | 25.9%▼0.4 | 26.51%▲0.6 | 26.22%▼0.3 | 24.55%▼1.7 |
| Public | 6.75% | 8.39%▲1.6 | 10.36%▲2.0 | 10.57%▲0.2 | 10.91%▲0.3 | 10.43%▼0.5 | 10.77%▲0.3 | 12.21%▲1.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,693 | 1,803 | 2,342 | 1,744 | 1,149 | 1,205 | 1,415 | 1,136 | 983 | 1,056 |
| Expenses | 1,465 | 1,563 | 1,777 | 1,151 | 1,015 | 1,059 | 1,239 | 996 | 847 | 925 |
| Operating Profit | 228 | 239 | 565 | 593 | 134 | 146 | 176 | 141 | 136 | 131 |
| OPM % | 13% | 13% | 24% | 34% | 12% | 12% | 12% | 12% | 14% | 12% |
| Net Profit | 140 | 151 | 402 | 421 | 81 | 83 | 121 | 81 | 86 | 77 |
| EPS ₹ | 5.45 | 5.89 | 15.68 | 16.41 | 3.15 | 3.22 | 4.72 | 3.15 | 3.36 | 2.99 |
AI Insights
TTM revenue at ₹4,590Cr, down 16.7% YoY. OPM at 13%.
Borrowings at ₹816Cr. Debt-to-equity ratio: 0.15x. Healthy balance sheet.
DIIs: 24.55% (-3.95pp change). FIIs: 7.18% (-3.08pp change). Promoters hold 56.07%.
ROCE improving from 15% (Mar 2014) to 18% (Mar 2025). Working capital days: 113.
PE 15x with 18.2% ROCE. Price is -4% above book value of ₹219. Dividend yield: 0.28%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - PNC Infratech schedules Q4FY26 earnings call on May 20, 2026 at 3:00 PM IST.
- Receipt Of 'Letter Of Acceptance' From UP State Bridge Corporation Ltd. (UPSBC) 14 May - PNC Infratech JV received LoA for 4-lane Ganga bridge EPC project worth Rs. 559.53 crore.
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 13 May - JV with SPS Constructions declared L1 bidder for Rs 571.81 crore Ganga bridge EPC project in Kanpur, 36 months.
- Intimation Regarding Execution Of Settlement Agreement Between National Highways Authority Of India And PNC Infratech Limited In Connection With An EPC Project Executed By The Company Namely 'Agra Bypass Project' Under The Vivad-Se-Vishwas III (Contractual Disputes) Scheme 12 May - PNC Infratech executed settlement agreement with NHAI for Rs.234.99 crore under Vivad-se-Vishwas III.
- Corporate Action-Board to consider Dividend 9 May
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse