Agi Infra Ltd. (AGIIL) AI Stock Analysis

• Market Cap: ₹35.51B
• Dividend Yield: 0.04%
• Average Volume (3M): 56.81K
• Price to Earnings (P/E): 45.8
• Beta (1Y): 1.17
• Revenue Growth: 16.12%
• EPS Growth: 36.94%
• Country: IN
• Employees: 342
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 1.80
• Shares Outstanding: 122,167,200
• 10 Day Avg. Volume: 56,033
• 30 Day Avg. Volume: 56,810
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ₹327.00 ▲(22.77% Upside)

The score is driven primarily by strong income-statement profitability and solid balance-sheet leverage/returns, but it is meaningfully held back by negative operating and free cash flow. Technicals are supportive with the stock above major moving averages and positive momentum, while valuation remains a headwind due to the high P/E despite a moderate dividend yield.

Positive Factors

High operating margins

Sustained high gross and EBITDA margins indicate structural pricing power and project profitability in civil engineering. These margins support reinvestment, buffer against input-cost volatility, and reflect competitive execution capabilities that benefit long-term cash generation and return on projects.

Strong return on equity with moderate leverage

A high ROE signals effective use of shareholder capital while a sub-0.5 debt-to-equity ratio implies moderate leverage. This combination gives durable financial flexibility to fund project pipelines, pursue selective growth, and withstand cyclical downturns without excessively stretching the balance sheet.

Diversified project revenue and strategic partnerships

A mix of construction, consultancy and maintenance plus partnerships and joint ventures provides multiple revenue streams and recurring work. Structural exposure to public infrastructure spending and maintenance creates a dependable long-term backlog and reduces reliance on any single project or client.

Negative Factors

Negative operating and free cash flow

Material negative OCF and FCF despite profits signal a chronic cash-generation gap, raising funding and liquidity risk. For a project-driven business this can force reliance on external financing or advances, constrain bidding capacity, and limit ability to self-fund capex or buffer through slow cycles.

Weak cash conversion of earnings

Earnings not translating into cash suggests persistent working-capital or timing issues (receivables, retention, mobilization). This structural conversion weakness undermines sustainability of reported margins, increases capital costs, and creates recurring refinancing or liquidity needs over multiple reporting cycles.

Concentration and timing risk from government contract exposure

Heavy reliance on public-sector projects and competitive bidding exposes revenue to procurement cycles, payment delays and policy shifts. Those structural timing and concentration risks can compress cash flow visibility, delay realizations, and make backlog-dependent revenue streams more volatile over months.

Agi Infra Ltd. Business Overview & Revenue Model

Company Description

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India. It primarily constructs and develops commercial building and residential housing projects in Punjab. The company also operates cold storage facilities that provide storing, trading, dealing, and distribution of vegetables, fruits, dry fruits, etc., as well as leases or rents the cold chain facilities. The company was formerly known as G. I. Builders Private Limited and changed its name to AGI Infra Limited in June 2012. Agi Infra Limited was incorporated in 2005 and is based in Jalandhar, India.

How the Company Makes Money

Agi Infra Ltd. generates revenue primarily through its construction and engineering services, which include the execution of large-scale public and private sector projects. Key revenue streams include contract payments for completed projects, consultancy fees for engineering services, and maintenance contracts for ongoing infrastructure. The company also benefits from strategic partnerships with government agencies and private firms, which often lead to joint ventures for significant infrastructure developments. Additionally, AGIIL may engage in bidding for government contracts, providing a reliable source of income as infrastructure spending increases. Factors such as market demand for infrastructure, government investments in public works, and the company's ability to secure contracts are critical to its financial performance.

Agi Infra Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.25B	2.92B	2.41B	1.97B
Gross Profit	1.52B	1.26B	998.17M	869.03M
EBITDA	1.05B	845.99M	641.83M	524.95M
Net Income	666.64M	520.95M	481.14M	364.21M
Balance Sheet
Total Assets	11.96B	10.80B	7.59B	6.09B
Cash, Cash Equivalents and Short-Term Investments	272.10M	992.74M	443.35M	309.65M
Total Debt	1.37B	1.38B	489.66M	418.98M
Total Liabilities	9.02B	8.55B	5.87B	4.84B
Stockholders Equity	2.95B	2.25B	1.72B	1.26B
Cash Flow
Free Cash Flow	-678.27M	275.76M	676.49M	676.49M
Operating Cash Flow	-199.15M	614.60M	1.06B	1.06B
Investing Cash Flow	-386.70M	-880.77M	-762.58M	-762.58M
Financing Cash Flow	-141.47M	814.34M	-157.15M	-157.15M

Agi Infra Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 266.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AGIIL, the sentiment is Positive. The current price of 266.35 is below the 20-day moving average (MA) of 268.83, below the 50-day MA of 267.78, and above the 200-day MA of 221.87, indicating a bullish trend. The MACD of 6.08 indicates Negative momentum. The RSI at 61.09 is Neutral, neither overbought nor oversold. The STOCH value of 65.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AGIIL.

Agi Infra Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGIIL	71 Outperform	₹35.51B	45.76	―	0.04%	16.12%	36.94%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARVSMART	63 Neutral	₹26.59B	28.28	―	0.98%	13.62%	34.30%
GPTINFRA	61 Neutral	₹13.13B	14.78	―	1.80%	15.97%	28.83%
ARIHANTSUP	52 Neutral	₹13.73B	29.83	―	0.48%	16.36%	28.21%
OMAXE	39 Underperform	₹13.27B	-2.30	―	―	-22.30%	-8.72%
UNITECH	39 Underperform	₹14.04B	-0.66	―	―	-10.36%	46.24%

Agi Infra Ltd. Corporate Events

Agi Infra Launches Urbana Square Commercial Project in Jalandhar

Agi Infra Limited has launched a new commercial real estate project named Urbana Square in Village Pholriwal, Jalandhar, Punjab, expanding its portfolio in the region. The project, registered with the Punjab Real Estate Regulatory Authority, comprises 142 commercial shops and 218 office spaces, with bookings having commenced on January 3, 2026, signaling the company’s continued push into mixed-use commercial development to attract both domestic and international clientele in India.

Agi Infra Ltd. Secures Shareholder Approval for Strategic Resolutions

Agi Infra Ltd. announced the successful conclusion of its postal ballot process, where shareholders approved key resolutions. These include increasing the company’s authorized share capital, raising funds through equity shares or other securities, and increasing investment limits for non-resident Indians and overseas citizens. The approval of these resolutions is expected to enhance the company’s financial flexibility and attract more international investors, potentially strengthening its market position.

Agi Infra Limited Increases Authorized Share Capital to Boost Growth

Agi Infra Limited has announced an amendment to its Memorandum of Association, increasing its authorized share capital from Rs. 15 crore to Rs. 20 crore. This strategic move, approved by a resolution passed through a postal ballot, is aimed at enhancing the company’s financial capacity, potentially allowing for expanded operations and improved market positioning.

AGI Infra Limited Releases Investor Presentation for September 2025

AGI Infra Limited has released its Investor Presentation for the quarter and half-year ending September 30, 2025, in compliance with regulatory requirements. This presentation provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and offering valuable information for stakeholders.