Afcons Infrastructure

NSE: AFCONSBSE: 544280
Compare with peers
₹ 210.00▲ 0.92 (+0.44%)28 Oct, 03:29 pm IST
Market cap
₹ 8,007 Cr.
P/E
39.1x
P/B
1.59x
52-week range
205.56 – 457.7
ROE
6%
ROCE
14%
Dividend yield
0.9%
Debt / equity
0.66
Sector
Construction
Industry
Civil Construction
Listed on
NSE, BSE

About

Afcons Infrastructure Limited is an India-based infrastructure construction company. It is engaged in construction of marine works, highways, bridges, railways, metro works, hydro and underground, water, tunnels, oil & gas, LNG (liquefied natural gas) tanks. Its business includes Marine and Industrial, Surface Transport, Urban Infrastructure, Oil and Gas, and Hydro and Underground. Marine and industrial segment covers project related to ports and harbors jetties, dry docks, wet basins, breakwaters, outfall and intake structure, LNG tanks and material handling systems. Surface and transport segment which covers project like highways and roads, interchanges, mining-related, infrastructure, railways. Urban infrastructure business focusses on metro works, bridges and flyovers. Oil and gas business focusses on offshore oil and gas and onshore oil and gas segments. Hydro and underground business focusses on the dams and barrages, tunnels and underground works and water and irrigation.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Civil Construction: 182 companies →

Afcons Infrastructure against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)39.1 against a typical 14.4: pricier than most peers (1st = cheapest).149th of 181
  • Sales growth−20.7% against a typical +8.6% from a year earlier.122nd of 147
  • Profit growth−78.1% against a typical 0% from a year earlier.106th of 130
  • Share price, 3 months−25.7% against a typical −13.2%.133rd of 164
  • Size₹ 8,006.8 Cr. market value against a typical ₹ 148 Cr. (1st = largest).9th of 156

Latest announcements

Exchange filings and their impact on the company.

  • 13 Oct 2026Issue of SecuritiesLow impactNeutralPrice −0.5% on 14 Oct
    Afcons raised a tiny Rs 35 cr via commercial paper for short-term funding.

    Afcons Infrastructure informed the exchanges that it issued commercial papers worth Rs 35 crore on October 13, 2026 on a private placement basis. The size is very small compared to its borrowings of over Rs 3,600 crore and annual revenue of about Rs 11,948 crore. It is a routine short-term funding step with no meaningful impact on the business over the next 12 months.

    Filing
  • 6 Oct 2026General UpdatesLow impactNeutralPrice +0.9% on 7 Oct
    Afcons repaid Rs 100 crore commercial paper on its maturity date.

    Afcons Infrastructure informed the exchanges that its Rs 100 crore commercial paper (ISIN INE101I14EQ2) issued on October 6, 2025 was fully redeemed on October 6, 2026 on maturity. This is a routine repayment of short-term debt on its due date. With total borrowings of about Rs 3,627 crore, the impact is minimal beyond confirming timely debt servicing.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety, with caution

Rated AA- to A+ by 3 agencies
AA-
DefaultRiskyModerateSafeVery safe
  • CRISIL expects things to get worse (negative outlook).
AgencyCurrent ratingOutlookAs of
India RatingsIND AA-Stable14 Oct 2026
CRISILCrisil AA-Negative19 Aug 2026
ICRA[ICRA]A+Stable24 Sep 2025
Credit rating actions
RatingDetails
14 Oct 2026
New rating
IND AA-LowIndia Ratings₹ 250 Cr.
24 Sep 2026
Reaffirmed
——India Ratings₹ 500 Cr.
19 Aug 2026
▼ Outlook cut
Crisil AA-
Outlook Stable → Negative
—CRISIL₹ 26,185 Cr.
14 May 2026
Rating action
Crisil AA-—CRISIL₹ 26,460 Cr.
25 Feb 2026
Reaffirmed
Crisil AA-—CRISIL₹ 26,460 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
7 Aug 2026Financial ResultsAfcons Infrastructure Limited has informed the Exchange about Board Meeting to be held on 07-August-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended Jun 30, 2026
18 May 2026Financial Results/Dividend/Fund Raising/Other business mattersTo consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and Financial Year ended March 31, 2026
10 Feb 2026Financial ResultsTo consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2025
12 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
25 Sep 2025Fund Raising/Other business mattersThe meeting of the Board of Directors of the Company is scheduled on 25/09/2025, inter alia, to consider and approve 1.Introduction and adoption of the Afcons Infrastructure Limited Employee Stock Option Plan 2025 2. Issuance of Rated Unsecured Listed Redeemable Non-Convertible Debenture ('NCDs') on private placement basis
8 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1Y change −52.27%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,3343,1263,6363,1542,9603,2113,2233,3702,9882,9762,6142,671
Expenses3,0022,7513,2822,8012,6152,8472,9302,9352,6602,5652,5712,420
Operating Profit33237435535334436429443532941043251
OPM %10%12%10%11%12%11%9%13%11%14%1.6%9%
Other Income100561735913012116449113−2716356
Interest157129176147164169150162170167175173
Depreciation1141241461301201171241391229310084
Profit before tax160178207135191200184183149123−6951
Tax %35%39%30%32%29%26%40%25%30%21%29%40%
Net Profit1041101459213514911113710597−8930
EPS in Rs14.4715.244.252.693.974.053.023.742.872.64−2.40.83

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
5%
3 Years
−2%
TTM
−12%
Compounded Profit Growth
10 Years
—
5 Years
12%
3 Years
−11%
TTM
−62%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
12%
3 Years
10%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
50.17%
0 pts in a year
FIIs
12.15%
−3.65 pts in a year
DIIs
20.07%
+5.54 pts in a year
Public
17.62%
−1.88 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 39.1xEPS (12 months) ₹ 5.57Median P/E 33.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Afcons Infrastructure₹ 210.00₹ 8,007 Cr.39.1x1.6x6%—
DLF₹ 653.55₹ 1,61,774 Cr.39x3.6x10%32%
Lodha Developers₹ 963.00₹ 1,01,441 Cr.33.7x5.1x15.8%20.6%
Indus Towers₹ 380.00₹ 1,00,250 Cr.14.9x2.7x19.8%22%
Oberoi Realty₹ 1,587.20₹ 57,846 Cr.27.3x3.8x—41.6%
Godrej Properties₹ 1,497.90₹ 45,121 Cr.166x3.3x10.2%35.9%

Management

Krishnamurthy Subramanian
Executive Chairman of the Board
Ramesh Kumar Jha
Chief Financial Officer
Gaurang Maheshchandra Parekh
Compliance Officer, Company Secretary
Srinivasan Paramasivan
Managing Director, Executive Director
Giridhar Rajagopalan
Deputy Managing Director, Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.