AFCONS

Afcons Infrastructure Limited

Heavy-civil EPC contractor for bridges, metros, marine, tunnels and hydro projects

Industrials›Construction›Construction›Civil Construction

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Key metrics

Price as of 2026-10-16

Stock price
₹244.36
Market cap
9,029 Cr
Stock P/E
62.9
P/B
1.65
Dividend yield
1.0%
ROE (FY26)
4.6%
ROCE (FY26)
11.8%
Operating margin (FY26)
6.4%
Debt / equity (FY26)
0.65
OCF / EBITDA (FY26)
-11.8%
OCF / EBITDA (3Y)
11.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Afcons builds large civil infrastructure, including metros, bridges and elevated corridors, tunnels and hydro projects, marine and industrial works and roads, for government, multilateral and private clients in India and overseas.

Company snapshot

13thBy market cap

Ranked among 90 companies in Civil Construction.

What we see

Positives
  • ✓Dividend payout of 37% — the company returns a meaningful share of profits to shareholders.
Concerns
  • ✗Net margin is very thin at 2.1% — little room for error if costs rise.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,960 Cr3,211 Cr3,223 Cr3,370 Cr2,988 Cr2,976 Cr2,614 Cr2,671 Cr
Operating expenses (approx.)2,615 Cr2,847 Cr2,930 Cr2,935 Cr2,660 Cr2,565 Cr2,571 Cr2,420 Cr
EBITDA344 Cr364 Cr294 Cr435 Cr329 Cr410 Cr43 Cr251 Cr
OPM %11.6%11.3%9.1%12.9%11.0%13.8%1.6%9.4%
Other income130 Cr121 Cr164 Cr49 Cr113 Cr50 Cr163 Cr56 Cr
Interest164 Cr169 Cr150 Cr162 Cr170 Cr167 Cr175 Cr173 Cr
Depreciation120 Cr117 Cr124 Cr139 Cr122 Cr93 Cr100 Cr84 Cr
Profit before tax191 Cr200 Cr184 Cr183 Cr149 Cr123 Cr-69 Cr51 Cr
Tax %29.0%25.5%39.7%25.1%29.6%21.3%-28.6%40.1%
Net profit135 Cr149 Cr111 Cr137 Cr105 Cr97 Cr-89 Cr30 Cr
EPS (₹)₹3.97₹4.05₹3.02₹3.74₹2.86₹2.63₹-2.41₹0.82

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11,019 Cr12,637 Cr13,267 Cr12,548 Cr11,948 CrSign in free for the trailing twelve months
Operating expenses (approx.)10,083 Cr11,327 Cr11,902 Cr11,192 Cr10,731 CrSign in free for the trailing twelve months
EBITDA936 Cr1,311 Cr1,365 Cr1,356 Cr1,217 CrSign in free for the trailing twelve months
OPM %8.5%10.4%10.3%10.8%10.2%Sign in free for the trailing twelve months
Other income251 Cr207 Cr379 Cr474 Cr374 CrSign in free for the trailing twelve months
Interest425 Cr447 Cr577 Cr629 Cr674 CrSign in free for the trailing twelve months
Depreciation355 Cr472 Cr495 Cr491 Cr454 CrSign in free for the trailing twelve months
Profit before tax407 Cr599 Cr673 Cr710 Cr387 CrSign in free for the trailing twelve months
Tax %12.0%31.4%33.1%31.4%35.2%Sign in free for the trailing twelve months
Net profit358 Cr411 Cr450 Cr487 Cr251 CrSign in free for the trailing twelve months
EPS (₹)₹10.49₹12.06₹13.20₹13.24₹6.82Sign in free for the trailing twelve months
Dividend payout %———6.6%36.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital72 Cr72 Cr341 Cr368 Cr368 Cr
Reserves2,640 Cr3,104 Cr3,255 Cr4,893 Cr5,082 Cr
Borrowings1,555 Cr1,563 Cr2,455 Cr2,236 Cr3,538 Cr
Other liabilities8,716 Cr9,561 Cr10,181 Cr9,621 Cr10,142 Cr
Total liabilities12,974 Cr14,301 Cr16,234 Cr17,119 Cr19,131 Cr
Fixed assets (net)2,251 Cr2,449 Cr2,715 Cr2,631 Cr2,410 Cr
CWIP18 Cr184 Cr43 Cr33 Cr901 Cr
Investments0.89 Cr0.51 Cr0.78 Cr0.78 Cr0.54 Cr
Loans & advances———57 Cr68 Cr
Inventories1,270 Cr1,586 Cr1,627 Cr1,010 Cr1,017 Cr
Trade receivables2,304 Cr2,197 Cr3,121 Cr2,779 Cr3,432 Cr
Cash & bank447 Cr319 Cr413 Cr440 Cr386 Cr
Other assets6,683 Cr7,567 Cr8,314 Cr10,168 Cr10,917 Cr
Total assets12,974 Cr14,301 Cr16,234 Cr17,119 Cr19,131 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity610 Cr1,215 Cr707 Cr-132 Cr-143 Cr
Cash from investing-251 Cr-870 Cr-859 Cr-131 Cr-386 Cr
Cash from financing-521 Cr-483 Cr246 Cr290 Cr473 Cr
Net cash flow-161 Cr-137 Cr94 Cr27 Cr-54 Cr
Free cash flow (OCF − Capex)253 Cr297 Cr-9 Cr-132 Cr-515 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.5%22.1%20.7%17.9%11.8%
ROE %13.2%12.9%12.5%9.3%4.6%
Debtor days76638681105
Inventory days14615014843130
Days payable309332393151517
Cash conversion cycle-87-118-160-27-283
OCF / EBITDA %65.2%92.7%51.8%-9.7%-11.8%
OCF / EBITDA % (3 years)——70.1%44.4%11.0%
Debt / equity0.580.490.680.420.65
Current ratio1.091.091.111.361.29
Net debt / EBITDA1.180.951.501.322.59