AVP Infracon
- Market cap
- ₹ 152 Cr.
- P/E
- 4.2x
- P/B
- 0.87x
- 52-week range
- 53.05 – 174
- ROE
- 28%
- ROCE
- 23%
- Dividend yield
- 0%
- Debt / equity
- 1.31
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE SME
About
AVP Infracon Limited is an India-based infrastructure development company. The Company is mainly involved in the construction of projects based on bill of quantities (BOQ) and engineering, procurement and construction (EPC) methods for all types of infrastructure development works, construction works and high value projects. It is engaged in the business of construction and transacts the business to construct, build, alter, acquire, convert, improve, design, erect, establish, equip, develop, dismantle, pull down, level, decorate, fabricate, reconstruct, renovate, remodel, rebuild all types of infrastructure developmental works, constructions works such as technically complex and high value projects like express ways, national highways, flyovers, bridges and viaducts, irrigation projects, urban development - civic amenities, hospitals, warehouses, hotels and other commercial and residential projects.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →AVP Infracon 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)4.2 against a typical 14.4: cheaper than most peers (1st = cheapest).14th of 181
- Sales growth+159.1% against a typical +8.6% from a year earlier.10th of 147
- Profit growth+72.7% against a typical 0% from a year earlier.26th of 130
- Share price, 3 months−15.7% against a typical −13.1%.93rd of 164
- Size₹ 151.9 Cr. market value against a typical ₹ 148 Cr. (1st = largest).78th of 156
Latest announcements
Exchange filings and their impact on the company.
- H1 revenue up ~25% with 80% of FY26 receivables collected, targeting Rs 600 cr FY27 revenue on Rs 400 cr order book.
AVP Infracon said H1 FY27 revenue grew about 25% year-on-year on timely project execution. It has recovered about 80% of its FY26 receivables, improving cash flow and working capital. It is targeting Rs 600 crore revenue in FY27, backed by a Rs 400 crore unexecuted order book to be executed this year.
- H1 turnover up ~25% and 80% of stuck receivables recovered, boosting growth and cash flow.
AVP Infracon said it completed the first half ended September 2026 and H1 turnover in FY27 is up about 25% versus H1 last year. It also recovered 80% of trade receivables outstanding as of March 31, 2026 that were stuck due to Tamil Nadu elections and government formation. The update points to stronger growth and a meaningful easing of working-capital stress, with formal results to follow after a board meeting.
- AVP Infracon closed its QIP, allotting 44.24 lakh shares at Rs 56.50 to raise ~Rs 25 cr.
AVP Infracon closed its Qualified Institutional Placement on October 13, 2026, after opening on October 9, 2026. It allotted 44,24,000 equity shares at Rs 56.50 per share, a small premium to the Rs 56.23 floor price, raising about Rs 25 crore. The new equity strengthens the balance sheet and provides funds to cut debt or support working capital, though it dilutes existing shareholders by about 18%.
- AVP Infracon opened its QIP on Oct 9 at Rs 56.50 floor price, setting up a large dilutive equity raise.
On Oct 9, 2026, AVP Infracon's board approved the preliminary placement document and opened its QIP issue, fixing the floor price at Rs 56.50 per share under SEBI ICDR rules. The filing does not disclose the issue size or number of shares. The raise will increase equity and reduce leverage for the small-cap road infra company, but will dilute existing shareholders when allotted.
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 13 Oct 2026 | QIP | Allotted | ₹ 25 Cr. | ₹ 56.5 | +6.46% | |
| 9 Oct 2026 | QIP | Issue opened | — | ₹ 56.5 | +6.46% | |
| 21 Oct 2025 | Warrants | Board approved | ₹ 40 Cr. | ₹ 200 | −69.92% |
Research by Minerva Capital Research Solutions
Our research team's work on AVP InfraconAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Aug 2026 | Fund Raising | To consider Fund Raising |
| 8 Aug 2026 | Board Meeting Intimation | AVP INFRACON LIMITED has informed the Exchange about Board Meeting to be held on 08-Aug-2026 to consider Fund raising. |
| 18 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 2 Aug 2025 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 29 Apr 2025 | Board Meeting Intimation | AVP INFRACON LIMITED has informed the Exchange about Board Meeting to be held on 29-Apr-2025 to inter-alia consider and approve the Audited Financial results of the Company for the Yearly ended March 2025 . |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 63 | 88 | 96 | 177 | 193 | 228 |
| Expenses | 50 | 69 | 74 | 144 | 151 | 192 |
| Operating Profit | 13 | 19 | 22 | 33 | 42 | 35 |
| OPM % | 20% | 21% | 23% | 19% | 22% | 16% |
| Other Income | 1 | 1 | 1 | 3 | 1 | 3 |
| Interest | 2 | 4 | 4 | 7 | 9 | 10 |
| Depreciation | 1 | 1 | 2 | 2 | 3 | 3 |
| Profit before tax | 10 | 14 | 17 | 26 | 31 | 25 |
| Tax % | 25% | 23% | 27% | 23% | 25% | 24% |
| Net Profit | 7 | 11 | 13 | 20 | 23 | 19 |
| EPS in Rs | 15.15 | 4.41 | 5.11 | 8.14 | 9.28 | 7.59 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 49%
- 3 Years
- 58%
- TTM
- 54%
- 10 Years
- —
- 5 Years
- 80%
- 3 Years
- 52%
- TTM
- 27%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 31%
- 3 Years
- 29%
- 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.
| AVP Infracon | ₹ 60.15 | ₹ 152 Cr. | 4.2x | 0.9x | 28% | — |
| 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
- Dhandayuthapani Prasanna
- Chairman of the Board, Chief Executive Officer, Managing Director
- Bollam Venkateshwaralu
- Chief Financial Officer, Joint Managing Director, Executive Director
- Priyanka Singh
- Company Secretary, Compliance Officer
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