AFCONSConstruction

Afcons Infrastructure Limited

Civil Construction · ISIN INE101I01011 · BSE 544280 · NSE EQ · FV ₹10
Last price
₹267
+3.44%today
What this company does

Afcons Infrastructure Limited operates in Civil Construction, part of the Construction sector. It booked ₹2,671 cr of revenue in its latest quarter (Q1 FY27) and kept 1.1% of sales as profit.

24out of 100
Equitytale Health Score
Fragile

Healthier than 24% of companies in Construction, on the 5 of 6 measures we could read for it. Each measure is ranked against the 7–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns15

How much profit it earns on the money it employs

Balance sheet28

How much it owes, and whether earnings cover the interest

Cash quality23

Whether reported profit actually arrives as cash

Valuation26

What today's price implies, against our models or its peers

Governance & risk40

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 50%
Watch-outs
! Thin 1.1% net margin
! Sales down 21% vs last year
! Profit down 78% vs last year
! 100.0% of promoter stake pledged
! Low 2.2% return on equity
! Operating cash flow is negative

What if I invest in AFCONS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹267 +3.44%
latest close · 2026-09-17
52-wk low ₹22542 sessions so far52-wk high ₹305
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio81.5High
LowAverageHigh
P/B ratio1.80Moderate
Below bookModerateHigh
EV / EBITDA10.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.2%Weak
WeakFairStrong ▸15%
Return on capital9.8%Fair
WeakFairStrong
Net margin1.1%Thin
ThinDecentStrong
EBITDA margin11.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.65Moderate
LowModerateHigh ▸1
Interest cover1.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.29Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹9,831 cr
Book value
₹148
EPS
₹0.82
latest quarter
Net debt
₹3,153 cr
owes more than its cash
Enterprise value
₹12,983 cr
EBITDA
₹1,229 cr
annualised
EBIT
₹895 cr
annualised
Operating margin
8.4%
Return on assets
0.6%
Earnings yield
1.23%
P/S
0.92
Sales / share
₹290.5
Tax rate
40.1%
Face value
₹10
Shares
36.8 cr
Working capital
₹2,943 cr
Current assets
₹12,954 cr
Current liabilities
₹10,011 cr
Delivery %
45.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹49₹151, midpoint ₹131

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,671 cr
Other Income₹56 cr
Total Income₹2,727 cr
Cost of Materials₹577 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1,301 cr
Employee Benefit Expense₹303 cr
Finance Costs₹173 cr
Depreciation & Amortisation₹84 cr
Other Expenses₹239 cr
Total Expenses₹2,676 cr
Profit before Tax₹51 cr
Tax Expense₹20 cr
Net Profit₹30 cr
Net margin on total income1.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,878 cr68.9%
Employee benefit expense₹303 cr11.1%
Finance costs₹173 cr6.3%
Depreciation & amortisation₹84 cr3.1%
Other expenses₹239 cr8.8%
Tax expense₹20 cr0.7%
Profit for the period₹30 cr1.1%
Total income ₹2,727 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,976 cr2,614 cr2,671 cr
Total income3,025 cr2,777 cr2,727 cr
Expenses2,826 cr2,846 cr2,676 cr
Profit before tax123 cr-69 cr51 cr
Tax26 cr20 cr20 cr
Net profit (owners' share)97 cr-89 cr30 cr
Net margin (owners' share, on revenue)3.3%-3.4%1.1%
EPS (₹)2.63-2.410.82
YoY (latest quarter): total income -20.3% · net profit -77.9%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹19,131 cr
Shareholder equity
₹5,450 cr
parent shareholders
Total debt
₹3,538 cr
Cash
₹386 cr
Cash flow · H1 FY26
Operating
₹-669 cr
Investing
₹-184 cr
Financing
₹784 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.75%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 23 Jul 2026
ActionDetailEx-date
Dividend₹2 / share23 Jul 2026
Dividend₹2.5 / share18 Jul 2025
Who owns it · 2026-06-30
100.0% pledged
Promoter
50.2%
FII / Foreign
12.1%
DII / Domestic
20.1%
Retail / others
17.6%
Smart-money activity
Insider trades
SoldGOSWAMI INFRATECH PRIVATE LIMITED · Promoter9.21 cr · ₹2670.5 cr21 Jul 26
SoldGOSWAMI INFRATECH PRIVATE LIMITED · Promoter9.21 cr · ₹2670.5 cr21 Jul 26
SoldGOSWAMI INFRATECH PRIVATE LIMITED · Promoter9.21 cr · ₹2670.5 cr21 Jul 26
Bulk / block deals
short · NSE3310 Aug 26
short · NSE37924 Jul 26
short · NSE5010 Jun 26
Stake changes
BoughtAxis Trustee Services Limited (ATSL) acting as Pledgee→ 25.03% · 9.21 cr21 Jul 26
SoldAxis Trustee Services Limited (ATSL) acting as Pledgee→ 0.00% · 9.21 cr21 Jul 26
BoughtAxis Trustee Services Limited→ 25.03%15 May 26
Promoter pledges
ReleasedAxis Trustee Services Ltd ( ATL)9.21 cr · 25.03% held21 Jul 26
PledgedCatalyst Trusteeship Limited (Debenture Trustee)1.22 cr · 12.08% held16 Feb 26
PledgedAxis Trustee Service Limited9.21 cr · 0.00% held17 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 10 Feb 2026
See the official result
1
Material Related Party Transaction(s) between Afcons Construction Mideast LLC, wholly owned subsidiary of the Company and Shapoorji Pallonji Mideast LLC, subsidiary company of the Promoter Company of Afcons Infrastructure Limited
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
11.91 cr votes for, 45.26 L against · 4% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 257 named members
owning 34.7% between them · as of 2026-06-30
Goswami Infratech Private Limited25.03%
Floreat Investments Private Limited7.52%
Hermes Commerce Private Limited1.10%
Renaissance Commerce Private Limited1.09%
Abhipreet Trading Private Limitedno shares
Ace Richesse (India) Private Limitedno shares
Acreage Farms Private Limitedno shares
Advance Tech Energy Additives Private Limitedno shares
Business done with them
FY2026 · 12 of the group
The company paid ₹86 cr to companies in the promoter group last year — about 0.7% of its ₹11,948 cr revenue and received ₹31 cr back from them.
Goswami Infratech Private Limited
Other payments to them · Dividend paid
also owns 25.03% of the company
₹23 cr
company paid
SIMAR PORT PRIVATE LIMITED
Other income from them · Subcontract Income ,Service Charges ,Trade payable
₹23 cr
company received
FORVOL INTERNATIONAL SERVICES LIMITED
Other payments to them · Travelling Expense, Trade Payable
₹21 cr
company paid
STERLING AND WILSON PRIVATE LIMITED
Other payments to them · Other Income
₹18 cr
company paid
SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED
Other payments to them · Dividend on Preference Shares, Interim Dividend on Equity Shares, Legal and professional fees, Trade Receivables, Trade payables
₹14 cr
company paid
FLOREAT INVESTMENTS PRIVATE LIMITED
Other payments to them · Dividend on Preference Shares, Interim Dividend on Equity Shares
also owns 7.52% of the company
₹7 cr
company paid
SP Port Maintenance Private Limited
Other income from them · Interest Income
₹6 cr
company received
SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED
Other income from them · Dividend on Preference Shares, Interim Dividend on Equity Shares, Legal and professional fees, Trade Receivables, Trade payables
₹2 cr
company received
Sharus Steel Products Private Limited
Leases As Lessee · Rent Expense
₹1 cr
company received
Sharus Steel Products Private Limited
Other payments to them · Rent Expense
₹1 cr
company paid
HERMES COMMERCE PRIVATE LIMITED
Other payments to them · Interim Dividend on Equity Shares
also owns 1.10% of the company
₹1 cr
company paid
RENAISSANCE COMMERCE PRIVATE LIMITED
Other payments to them · Interim Dividend on Equity Shares
also owns 1.09% of the company
₹1 cr
company paid
Firoz Cyrus Mistry
Other payments to them · Sitting fees
₹5 L
company paid
Shapoorji Pallonji Mistry
Other payments to them · Sitting fees
₹3 L
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.