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Afcons Infrastructure Limited

AFCONSNSE
Market snapshot · 2026-08-10 20:55 UTC

262.85

₹-11.40 (-4.16%)

MARKET CAP

₹9.67K Cr

STOCK P/E

38.5x

52W HIGH

₹479.40

52W LOW

₹260.40

BOOK VALUE

₹148.18

EPS

₹6.83

ROE

SECTOR

Industrials

DEBT/EQUITY

66.54

VOLUME

21.65L

P/B RATIO

1.77x

PEG RATIO

-0.51

Sector

Industrials

Themes

Construction & EngineeringGoldman Sachs Portfolio
D
Dividend
E
Earnings
₹460.15₹413.42₹366.70₹319.98₹273.25VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Afcons Infrastructure is an infrastructure engineering and construction company serving India and international markets. Marine works, highways, bridges, and metro projects drive core execution, alongside tunnels, power houses, and oil and gas infrastructure. Its ₹1,918 crore Mumbai desalinated-water tunnel award expands the water and underground-works pipeline, supporting future revenue visibility. Profit declined 48.3% year-on-year despite improving margins, while 4.9% revenue contraction signals weaker current execution. At 66.54 debt-to-equity, heavy leverage can amplify ROE, though ROE is unavailable for assessment. The ₹43,290 crore order book and returning quarterly profit improve sentiment, but a 40.2x P/E appears rich against contracting growth and execution risk.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for AFCONS.

9.00 analysts

Price Forecast

Current
₹262.85
High Target
₹424.00
▲ +61.3%
Median Target
₹350.00
▲ +33.2%
Low Target
₹305.00
▲ +16.0%
Now₹262.85High ₹424.00Median ₹350.00Low ₹305.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
9 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹214.15 - ₹321.2080%
6M₹196.48 - ₹348.5780%
12M₹173.71 - ₹390.7880%
Realized vol: +31.6% · Drift: +4.1%

Revenue Forecast

₹ Cr
Jun '26Current₹2,671.0
Sep 2026 ETrend estimate range
High₹2,726.0Base₹2,524.1Low₹2,322.1
Sep '25: ₹2,988.0 · Dec '25: ₹2,974.0 · Mar '26: ₹2,614.0 · Jun '26: ₹2,671.0 · Sep '26: ₹2,524.1 · Dec '26: ₹2,512.2
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,988.02,974.02,614.02,671.02,524.12,512.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹1.00
Sep 2026 ETrend estimate range
High₹2.39Base₹2.14Low₹1.88
Sep '25: ₹3.05 · Dec '25: ₹2.86 · Mar '26: ₹-1.71 · Jun '26: ₹1.00 · Sep '26: ₹2.14 · Dec '26: ₹2.00
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.052.86-1.711.002.142.00
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
55%
Analyst Consensus
Unavailable

From 9 analysts

Mean upside+35.7%

Fundamentals

Weakening

Fundamentals institutional score is 6 using growth durability 6.4.

Valuation

Attractive relative to peers

Valuation institutional score is 98 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 84 using mean target upside 35.7%; dispersion penalty 13.3; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 54 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Sentiment weakening

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and analyst consensus provide support, while fundamentals and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Sentiment weakening

Key Data Points

Mean Target Price356.6 target
Mean Upside+35.7%
Technical Score54%
Fundamental Score6%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 33.9% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.76). Confidence: 82%.

Live forward EPS implies next-12-month EPS of ₹16.76. Applying the stock's normalized valuation corridor produces a fair range of ₹812.69 to ₹1,092.42, with base value near ₹1,017.83 (+287.2% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹16.76

Forward P/E

15.7x

Base Fair Value

₹1,017.83

Fair Range

₹812.69 - ₹1,092.42

Upside To Base

+287.2%

Estimate Source

Live forward EPS

Growth Estimate

-78.1%

P/E
Strongly Undervalued

5Y Average

56.17

Current

40.15

Overvalued

65.18

Undervalued

48.49

P/B
Strongly Undervalued

5Y Average

2.49

Current

1.77

Overvalued

2.87

Undervalued

2.12

P/S
Strongly Undervalued

5Y Average

1.25

Current

0.86

Overvalued

1.44

Undervalued

1.07

Peers & Comparison

Sector: Industrials · Theme: Construction & Engineering

Construction & Engineering Peers8 peers
Avg P/E: 26.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
NCC LIMITED
NCCConstruction & Engineering
+1.7%3.2%
13.6x
Undervalued
-49% vs avg
-34.9%
AJAX ENGINEERING LIMITED
AJAXENGGConstruction & Engineering
+1.7%10.8%
28.9x
Fair
+9% vs avg
-20.9%
POWER MECH PROJECTS LTD.
POWERMECHConstruction & Engineering
+13.9%6.0%
22.0x
Undervalued
-17% vs avg
-15.3%
AXISCADES TECH LTD
AXISCADESConstruction & Engineering
+1.5%6.2%
92.7x
Premium
+250% vs avg
+29.1%
CEIGALL INDIA LIMITED
CEIGALLConstruction & Engineering
+37.1%7.8%
18.0x
Undervalued
-32% vs avg
+35.9%
AHLUWALIA CONT IND LTD
AHLUCONTConstruction & Engineering
+8.8%5.8%
20.9x
Undervalued
-21% vs avg
-13.8%
G R INFRAPROJECTS LIMITED
GRINFRAConstruction & Engineering
+40.1%11.0%
9.5x
Undervalued
-64% vs avg
-30.1%
PNC INFRATECH LTD.
PNCINFRAConstruction & Engineering
-5.1%15.5%
6.5x
Undervalued
-75% vs avg
-26.4%
WHY THESE PEERS

AFCONS INFRASTRUCTURE LTD trades at a premium (38.5x vs peer avg 26.5x), implying higher growth or quality expectations from the Construction & Engineering cohort. Peers include NCC LIMITED, AJAX ENGINEERING LIMITED, POWER MECH PROJECTS LTD. — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.67K CrJun 2026

Latest net profit

₹37 CrJun 2026

Latest EPS

₹1.00Jun 2026

Net margin

10.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%-1.15K Cr0.00 Cr1.15K Cr2.30K Cr3.45K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr₹-2₹0₹2₹4₹6
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-6.50K Cr0.00 Cr6.50K Cr13.00K Cr19.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +3,2053,0473,5573,1302,9473,2053,2193,3632,9882,9742,6142,671
Expenses +2,8782,6623,2142,7622,5992,8212,8582,9302,6502,5512,5502,414
Operating Profit32738534436834838436043433842363256
OPM %10%13%10%12%12%12%11%13%11%14%2.4%10%
Other Income +94601685613111916148109-3116756
Interest158128175147163169149162170167175173
Depreciation113123145130119117124138122939983
Profit before tax150194191147196218248182156131-4357
Tax %37%35%32%30%28%23%29%25%28%20%45%35%
Net Profit +94125130104140167175136112105-6337
EPS in Rs13.1117.383.803.044.124.534.773.693.052.86-1.711.00
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +50.17%50.17%50.17%50.17%50.17%
FIIs +15.80%12.81%12.81%12.19%12.15%
DIIs +14.53%17.94%19.60%20.96%20.07%
Public +19.50%19.06%17.40%16.69%17.62%
Others0.02%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 07, 2026PDFCompany Reports Open

Unaudited Financial Results For The Quarter Ended June 30, 2026

Aug 07, 2026PDFCompany Reports Open