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Afcons Infrastructure Limited
(AFCONS)
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Rating:50Neutral
Price Target:
₹276.00
▼(-3.48% Downside)
Action:N/A
Date:05/19/26
The score is held back primarily by weak fundamentals—sharp profit decline and persistent, worsening negative operating/free cash flow alongside rising debt. Technicals are mixed/neutral and do not offset the fundamental pressure, while valuation remains elevated (high P/E, low yield), limiting upside support.
Positive Factors
Manageable leverage
Historically moderate leverage (debt/equity ~0.45) and a modest increase in equity into FY2026 provide balance-sheet resilience. This supports capacity to carry project guarantees, bid for large contracts and absorb normal working-capital swings, preserving strategic flexibility over months.
Negative Factors
Negative operating & free cash flow
Persistent negative operating and free cash flow (worsening to ~-6.8B OCF and ~-10.5B FCF) is a structural concern for a project-driven business. Ongoing cash burn increases dependence on external financing, pressures liquidity for mobilization and guarantees, and raises funding risk if project collections slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Historically moderate leverage (debt/equity ~0.45) and a modest increase in equity into FY2026 provide balance-sheet resilience. This supports capacity to carry project guarantees, bid for large contracts and absorb normal working-capital swings, preserving strategic flexibility over months.
Read all positive factors
Afcons Infrastructure Limited (AFCONS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹99.76B
Dividend Yield0.74%
Average Volume (3M)33.30K
Price to Earnings (P/E)39.8
Beta (1Y)1.30
Revenue Growth-4.78%
EPS Growth-50.18%
CountryIN
Employees3,626
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.87
Shares Outstanding367,784,640
10 Day Avg. Volume34,072
30 Day Avg. Volume33,305
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹305.00Price Target Upside6.66% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)10.3
Revenue Forecast (FY)₹128.41B
Afcons Infrastructure Limited Business Overview & Revenue Model
Company Description
Afcons Infrastructure Ltd., along with its affiliated companies, operates in the infrastructure, engineering, and construction sectors across India and globally. The firm specializes in a diverse range of civil engineering projects, including mari...
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...
Afcons Infrastructure Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
70
Positive
Cash Flow
28
Negative
| 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 | 15.14B | 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 Technical Analysis
Negative
285.95
Price Trends
304.57
Negative
305.92
Negative
341.28
Negative
Market Momentum
-7.79
Negative
40.99
Neutral
48.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AFCONS, the sentiment is Negative. The current price of 285.95 is below the 20-day moving average (MA) of 286.31, below the 50-day MA of 304.57, and below the 200-day MA of 341.28, indicating a bearish trend. The MACD of -7.79 indicates Negative momentum. The RSI at 40.99 is Neutral, neither overbought nor oversold. The STOCH value of 48.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AFCONS.
Afcons Infrastructure Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹85.54B | 9.47 | ― | 0.29% | 13.58% | -11.01% | |
62 Neutral | ₹5.42T | 30.22 | ― | 1.00% | 9.78% | 13.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹56.19B | 25.22 | ― | ― | -29.16% | 35.71% | |
51 Neutral | ₹118.50B | 19.90 | ― | 1.74% | -15.69% | -18.10% | |
51 Neutral | ₹88.49B | 13.12 | ― | 1.37% | -6.20% | -17.63% | |
50 Neutral | ₹99.76B | 39.82 | ― | 0.70% | -4.78% | -50.18% |
* General Sector Average
IN:AFCONS
Afcons Infrastructure Limited
280.70
-119.77
-29.91%
IN:GRINFRA
G R Infraprojects Ltd.
897.70
-334.84
-27.17%
IN:HCC
Hindustan Construction Co. Ltd.
21.93
-3.50
-13.76%
IN:IRCON
IRCON International Ltd.
131.35
-38.12
-22.49%
IN:LT
Larsen & Toubro Limited
4,048.00
453.86
12.63%
IN:NCC
NCC Limited
143.60
-69.18
-32.51%
Afcons Infrastructure Limited Corporate Events
Afcons Infrastructure Aligns Dividend Payout With New Tax and SEBI Norms
Jul 14, 2026
Afcons Infrastructure Limited has recommended a dividend of Rs.2 per equity share for the financial year ended March 31, 2026, with payment proposed on or after July 30, 2026, following shareholder approval at the upcoming AGM. The company has cir...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.