Afcons Infrastructure Limited (AFCONS) AI Stock Analysis

• Market Cap: ₹112.63B
• Dividend Yield: 0.65%
• Average Volume (3M): 33.30K
• Price to Earnings (P/E): 39.7
• Beta (1Y): 1.45
• Revenue Growth: -4.78%
• EPS Growth: -50.23%
• Country: IN
• Employees: 3,793
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 5.87
• Shares Outstanding: 367,784,640
• 10 Day Avg. Volume: 34,072
• 30 Day Avg. Volume: 33,305
• PEG Ratio: -0.82
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 0.84
• P/FCF Ratio: -9.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹305.00
• Price Target Upside: -8.72% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 14.37
• Revenue Forecast (FY): ₹142.48B

• Rating: 50 Neutral
• Price Target: ₹317.00 ▼(-5.13% Downside)
• Action: N/A
• Date: 05/19/26

Positive Factors

Diversified EPC services and market presence

Afcons’ end-to-end EPC capability across transport, marine, tunnels and water provides durable business diversification and lowers single-project concentration risk. Serving public and private clients in India and select international markets supports steady tender access and long-term revenue opportunities.

Negative Factors

Worsening cash generation

Persistent and deteriorating negative operating and free cash flow signals structural working-capital strain in project execution. Over 2–6 months this raises financing dependence, constrains reinvestment, and increases liquidity risk, especially if certified billings or retention timings do not improve.

Afcons Infrastructure Limited Business Overview & Revenue Model

Company Description

Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally. The company undertakes marine works, highways, bridges, metro works, power houses, tun...

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Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally. The company undertakes marine works, highways, bridges, metro works, power houses, tun...

How the Company Makes Money

AFCONS primarily makes money by executing infrastructure projects under contractual arrangements and recognizing revenue as it performs work (typically based on project progress/measurements or milestones, depending on contract terms). Its key rev...

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AFCONS primarily makes money by executing infrastructure projects under contractual arrangements and recognizing revenue as it performs work (typically based on project progress/measurements or milestones, depending on contract terms). Its key rev...

Afcons Infrastructure Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2025
Income Statement
Total Revenue	61.67B	119.48B	125.04B
Gross Profit	20.22B	21.51B	39.68B
EBITDA	7.30B	12.17B	16.62B
Net Income	2.16B	2.52B	4.87B
Balance Sheet
Total Assets	179.34B	191.31B	171.19B
Cash, Cash Equivalents and Short-Term Investments	8.22B	8.86B	6.62B
Total Debt	35.65B	36.27B	23.43B
Total Liabilities	125.43B	136.80B	118.57B
Stockholders Equity	53.89B	54.50B	52.61B
Cash Flow
Free Cash Flow	-8.43B	-10.52B	-4.77B
Operating Cash Flow	-3.96B	-6.80B	-1.32B
Investing Cash Flow	-4.22B	-5.19B	-1.31B
Financing Cash Flow	4.94B	11.43B	2.90B

Afcons Infrastructure Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNRCON	70 Outperform	₹36.05B	11.13	―	0.16%	-42.03%	-61.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
IRCON	63 Neutral	₹132.66B	41.51	―	1.56%	-16.20%	-19.48%
DBL	57 Neutral	₹70.96B	4.50	―	0.21%	-20.36%	91.60%
AFCONS	50 Neutral	₹112.63B	39.72	―	0.65%	-4.78%	-50.23%
HCC	48 Neutral	₹54.80B	118.38	―	―	-29.16%	44.18%
KEC	48 Neutral	₹125.67B	22.47	―	0.74%	7.59%	4.98%

Afcons Infrastructure Limited Corporate Events