PNCINFRAConstruction

PNC Infratech Limited

Civil Construction · ISIN INE195J01029 · BSE 539150 · NSE EQ · FV ₹2
Last price
₹128
+2.48%today
What this company does

PNC Infratech Limited operates in Civil Construction, part of the Construction sector. It booked ₹1,322 cr of revenue in its latest quarter (Q2 FY27) and kept 8.7% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 19–24 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)
35

At close. Not part of the score.

Profitability & returns36

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality64

Whether reported profit actually arrives as cash

Growth & consistency42

Whether sales and profit have grown, and how steadily

Valuation96

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 17% vs last year
✓ Promoters hold 56%
✓ No promoter shares pledged
Watch-outs
! Profit down 47% vs last year
! Low 6.3% return on equity
! Operating cash flow is negative

What if I invest in PNCINFRA?

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 1% a year, it would become
₹12.62 lakh

The slider starts at 1%, taken from this company's own revenue trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹128▲ +2.48%
latest close · 2026-11-04
1-year return
-64.9%
52-wk low ₹11652-wk high ₹396
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 ratio7.2Low
LowAverageHigh
P/B ratio0.45Below book
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.3%Weak
WeakFairStrong ▸15%
Return on capital9.2%Fair
WeakFairStrong
Net margin8.7%Decent
ThinDecentStrong
EBITDA margin25.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.82Moderate
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio3.31Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,292 cr
Book value
₹283
EPS
₹4.47
latest quarter
Net debt
₹5,353 cr
owes more than its cash
Enterprise value
₹8,645 cr
EBITDA
₹1,327 cr
annualised
EBIT
₹1,165 cr
annualised
Operating margin
22.0%
Return on assets
3.1%
Earnings yield
13.93%
P/S
0.62
Sales / share
₹206.2
Tax rate
27.2%
Face value
₹2
Shares
25.7 cr
Working capital
₹4,695 cr
Current assets
₹6,732 cr
Current liabilities
₹2,037 cr
Delivery %
33.4%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 14% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹295–₹467, midpoint ₹432

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 · Q2 FY27 (consolidated)
Revenue from Operations₹1,322 cr
Other Income₹53 cr
Total Income₹1,375 cr
Cost of Materials₹824 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹97 cr
Finance Costs₹134 cr
Depreciation & Amortisation₹40 cr
Other Expenses₹122 cr
Total Expenses₹1,218 cr
Profit before Tax₹158 cr
Tax Expense₹43 cr
Net Profit₹115 cr
Net margin on total income8.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹824 cr59.9%
Employee benefit expense₹97 cr7.1%
Finance costs₹134 cr9.7%
Depreciation & amortisation₹40 cr2.9%
Other expenses₹122 cr8.9%
Tax expense₹43 cr3.1%
Profit for the period₹115 cr8.3%
Total income ₹1,375 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,617 cr1,688 cr1,322 cr
Total income1,658 cr1,760 cr1,375 cr
Expenses1,512 cr1,328 cr1,218 cr
Profit before tax155 cr432 cr158 cr
Tax47 cr100 cr43 cr
Net profit (owners' share)108 cr332 cr115 cr
Net margin (owners' share, on revenue)6.7%19.7%8.7%
EPS (₹)4.2012.944.47
YoY (latest quarter): total income +18.6% · net profit -46.9%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹14,763 cr
Shareholder equity
₹7,248 cr
parent shareholders
Total debt
₹5,912 cr
Cash
₹559 cr
Cash flow · H1 FY27
Operating
₹-378 cr
Investing
₹-420 cr
Financing
₹486 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,948₹5.43 L cr26.1
Rail Vikas Nigam Limited₹184₹38,414 cr60.6
Kalpataru Projects International Limited₹1,321₹22,570 cr18.2
Cemindia Projects Limited₹1,271₹21,829 cr38.7
NBCC (India) Limited₹75₹20,320 cr33.0
IRB Infrastructure Developers Limited₹16₹19,687 cr16.3
Engineers India Limited₹289₹16,257 cr20.7
Techno Electric & Engineering Company Limited₹850₹9,887 cr26.5
Ircon International Limited₹100₹9,390 cr25.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.47%
trailing 12 months
Dividend / share (TTM)
₹0.6
Last dividend
₹0.6
ex 23 Sep 2026
ActionDetailEx-date
Dividend₹0.6 / share23 Sep 2026
Dividend₹0.6 / share22 Sep 2025
Dividend₹0.6 / share20 Sep 2024
Dividend₹0.5 / share22 Sep 2023
Dividend₹0.5 / share21 Sep 2022
Dividend₹0.5 / share21 Sep 2021
Who owns it · 2026-09-30
No pledge
Promoter
56.3%
FII / Foreign
8.4%
DII / Domestic
20.1%
Retail / others
15.3%
Promoter stake up 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAshita Jain · Promoter Group3.59 L · ₹5.0 cr25 Sep 26
BoughtMeena Jain · Promoter Group99,500 · ₹1.4 cr25 Sep 26
BoughtAshita Jain · Promoter Group3.59 L · ₹5.0 cr25 Sep 26
Bulk / block deals
short— · NSE514 Oct 26
SoldQE SECURITIES LLP · NSE22.78 L @ ₹161.1714 Oct 26
BoughtQE SECURITIES LLP · NSE22.75 L @ ₹160.4514 Oct 26
Stake changes
BothYogesh Kumar Jain HUF · promoter→ 0.00% · 51.02 L27 Mar 26
BothChakresh Kumar Jain HUF · promoter→ 0.00% · 92.56 L27 Mar 26
BothMeena Jain · promoter→ 4.94% · 52.50 L27 Mar 26
What shareholders were asked to approve
2 proposals passed only on promoter votes

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.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
1. To receive, consider and adopt – a) The audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, along with the report of the Board of Directors and Auditors thereon; b) The audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
6.87 cr votes for, 8,429 against · 0% of mutual funds and other big investors said no
2
To declare dividend on equity shares for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.89 cr votes for, 8,247 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Yogesh Jain, Managing Director, (DIN: 00086811) who retires by rotation and being eligible, offers himself for re-appointment
Backed by 98% of shareholders other than promotersneeded 50%
6.75 cr votes for, 14.35 L against · 2% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Anil Kumar Rao, Whole Time Director, (DIN: 01224525) who retires by rotation and being eligible, offers himself for re-appointment
Backed by 59% of shareholders other than promotersneeded 50%
4.06 cr votes for, 2.84 cr against · 42% of mutual funds and other big investors said no
5
Appointment of M/S. NSBP & Company, Chartered Accountants, New Delhi, Firm Registration No. 001075N, as the Statutory Auditors of the Company
⚑ Passed only because promoters voted yes
Backed by 46% of shareholders other than promotersneeded 50%
3.15 cr votes for, 3.75 cr against · 55% of mutual funds and other big investors said no
7
Reappointment of Mr. Pradeep Kumar Jain, Chairman & Managing Director (DIN: 00086653)
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 58% of shareholders other than promotersneeded 75%
4.01 cr votes for, 2.88 cr against · 42% 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 — 14 named members
owning 56.2% between them · as of 2026-09-30
Madhavi Jain9.84%
Ncj Infrastructure Private Limited9.65%
Vaibhav Jain8.72%
Yogesh Jain6.55%
Pradeep Kumar Jain5.98%
Ashita Jain5.20%
Meena Jain4.98%
Naveen Kumar Jain2.88%
Business done with them
FY2025 · 10 of the group
The company paid ₹40 cr to companies in the promoter group last year — about 0.6% of its ₹6,769 cr revenue.
Pradeep Kumar Jain
Other payments to them · Payment of Rent/Services and Compensation to Key Managerial Personal
also owns 5.98% of the company
₹13 cr
company paid
Chakresh Kumar Jain
Other payments to them · Payment of Rent/Services and Compensation to Key Managerial Personal
also owns 1.76% of the company
₹13 cr
company paid
Yogesh Kumar Jain
Other payments to them · Payment of Rent/Services and Compensation to Key Managerial Personal
₹13 cr
company paid
Madhavi Jain
Other payments to them · Payment of Rent/Services
also owns 9.84% of the company
₹34 L
company paid
Meena Jain
Other payments to them · Payment of Rent/Services
also owns 4.98% of the company
₹32.8 L
company paid
Vaibhav Jain
Other payments to them · Remuneration
also owns 8.72% of the company
₹29 L
company paid
Pradeep Kumar Jain HUF
Other payments to them · Payment of Rent/Services
₹18 L
company paid
Ashita Jain
Other payments to them · Payment of Rent/Services
also owns 5.20% of the company
₹17.8 L
company paid
Naveen Kumar Jain HUF
Other payments to them · Payment of Rent/Services
₹15 L
company paid
Naveen Kumar Jain
Other payments to them · Payment of Rent/Services
also owns 2.88% of the company
₹13.5 L
company paid

The company also transacted with 22 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.