Afcons Infrastructure
- 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.
- 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.
- 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.
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- CRISIL expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA- | Stable | 14 Oct 2026 |
| CRISIL | Crisil AA- | Negative | 19 Aug 2026 |
| ICRA | [ICRA]A+ | Stable | 24 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 14 Oct 2026 | New rating | IND AA- | Low | India 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 2026 | Financial Results | Afcons 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 2026 | Financial Results/Dividend/Fund Raising/Other business matters | To 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 2026 | Financial Results | To 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 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 25 Sep 2025 | Fund Raising/Other business matters | The 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 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,334 | 3,126 | 3,636 | 3,154 | 2,960 | 3,211 | 3,223 | 3,370 | 2,988 | 2,976 | 2,614 | 2,671 |
| Expenses | 3,002 | 2,751 | 3,282 | 2,801 | 2,615 | 2,847 | 2,930 | 2,935 | 2,660 | 2,565 | 2,571 | 2,420 |
| Operating Profit | 332 | 374 | 355 | 353 | 344 | 364 | 294 | 435 | 329 | 410 | 43 | 251 |
| OPM % | 10% | 12% | 10% | 11% | 12% | 11% | 9% | 13% | 11% | 14% | 1.6% | 9% |
| Other Income | 100 | 56 | 173 | 59 | 130 | 121 | 164 | 49 | 113 | −27 | 163 | 56 |
| Interest | 157 | 129 | 176 | 147 | 164 | 169 | 150 | 162 | 170 | 167 | 175 | 173 |
| Depreciation | 114 | 124 | 146 | 130 | 120 | 117 | 124 | 139 | 122 | 93 | 100 | 84 |
| Profit before tax | 160 | 178 | 207 | 135 | 191 | 200 | 184 | 183 | 149 | 123 | −69 | 51 |
| Tax % | 35% | 39% | 30% | 32% | 29% | 26% | 40% | 25% | 30% | 21% | 29% | 40% |
| Net Profit | 104 | 110 | 145 | 92 | 135 | 149 | 111 | 137 | 105 | 97 | −89 | 30 |
| EPS in Rs | 14.47 | 15.24 | 4.25 | 2.69 | 3.97 | 4.05 | 3.02 | 3.74 | 2.87 | 2.64 | −2.4 | 0.83 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- −2%
- TTM
- −12%
- 10 Years
- —
- 5 Years
- 12%
- 3 Years
- −11%
- TTM
- −62%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 12%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Afcons Infrastructure | ₹ 210.00 | ₹ 8,007 Cr. | 39.1x | 1.6x | 6% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 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.