Capacit'e Infraprojects Ltd. (CAPACITE) AI Stock Analysis

• Market Cap: ₹21.25B
• Dividend Yield: N/A
• Average Volume (3M): 24.11K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 1.36
• Revenue Growth: 15.23%
• EPS Growth: 8.61%
• Country: IN
• Employees: 912
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 5.80
• Shares Outstanding: 84,604,040
• 10 Day Avg. Volume: 16,489
• 30 Day Avg. Volume: 24,114
• PEG Ratio: 0.30
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 1.25
• P/FCF Ratio: -23.53
• 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: 64 Neutral
• Price Target: ₹271.00 ▲(7.09% Upside)

Capacit'e Infraprojects Ltd. demonstrates strong revenue growth and profitability, but faces liquidity risks due to cash flow challenges. The technical indicators suggest a neutral trend, while the valuation appears reasonable. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue growth & profit improvement

Sustained multi-year revenue expansion and a materially higher net margin indicate scalable project execution and improving operational control. This strengthens long-term cash generation potential and competitive position in bidding for large contracts over the next 2–6 months and beyond.

Solid equity base

A materially stronger equity base improves financial resilience, reduces reliance on short-term debt, and enhances capacity to fund working capital or win large contracts. This durable capital buffer supports strategic investment and risk absorption across project cycles.

Diversified contract mix

A mix of government, private and PPP contracts with long-term client relationships provides a predictable project pipeline and lowers single-client concentration risk. That structural revenue diversity supports stable backlog conversion and durable top-line visibility.

Negative Factors

Negative operating & free cash flow

Persistently negative operating and free cash flows signal cash conversion issues and reliance on external funding or financing. Over months this constrains liquidity, limits self‑funding of capex, and increases financial vulnerability if project receipts or financing terms tighten.

Rising total debt

Increasing absolute debt raises fixed obligations and interest exposure even if leverage ratios look manageable today. Coupled with weak cash flows, higher debt can compress financial flexibility, raise refinancing risk, and limit capacity to pursue new projects sustainably.

Declining gross profit margin

A sharp drop in gross margin indicates rising input costs or pricing pressure on contracts. If structural, this margin erosion can erode returns despite revenue growth, requiring sustained cost control, productivity gains, or pricing power to restore long-term profitability.

Capacit'e Infraprojects Ltd. Business Overview & Revenue Model

Company Description

Capacit'e Infraprojects Limited, together with its subsidiaries, engages in engineering, procurement, and construction business in India. The company offers contracting, general contracting, and design and build services for high-rise buildings, commercial and office complexes, institutional buildings, research and development centers, multi and super specialty hospitals, malls, hotels, data centers, industrial buildings, mass housing, and multilevel car parks, as well as residential construction contracts. It also provides mechanical, electrical, plumping, finishing, and interior works. The company was incorporated in 2012 and is headquartered in Mumbai, India.

How the Company Makes Money

Capacit'e Infraprojects Ltd. generates revenue through contracts awarded for various construction projects. The company's primary revenue stream comes from its construction services, which include the complete lifecycle management of building projects from design to execution. CAPACITE works on a contractual basis, bidding for and securing projects that provide them with a steady income stream throughout the duration of each project. The company also engages in partnerships and collaborations with real estate developers and governmental bodies, which can lead to additional revenue through joint ventures or special projects. Factors such as the scale of the project, duration, and specific client requirements contribute to the company's earnings, alongside its reputation and ability to deliver quality construction outcomes within stipulated timelines and budgets.

Capacit'e Infraprojects Ltd. Financial Statement Overview

Summary

Capacit'e Infraprojects Ltd. shows strong revenue growth and improving profitability margins, supported by a solid equity base. However, cash flow challenges pose risks to liquidity and financial flexibility, necessitating efficient cash management and cost controls.

Income Statement

Capacit'e Infraprojects Ltd. has demonstrated strong revenue growth from 2021 to 2025, with consistent improvements in gross profit margin and net profit margin. The company achieved a significant increase in total revenue from INR 8,742 million in 2021 to INR 23,495 million in 2025. However, the gross profit margin showed a decreasing trend, from 31.1% in 2021 to 20.6% in 2025, indicating rising costs or pricing pressures. The net profit margin has improved significantly, reaching 8.7% in 2025, reflecting better control over expenses and increased profitability. EBIT and EBITDA margins have been relatively stable, suggesting efficient operational performance.

Balance Sheet

The balance sheet reflects a healthy equity position with stockholders' equity increasing steadily from INR 9,288 million in 2021 to INR 17,187 million in 2025. The debt-to-equity ratio remains manageable, although there has been an increase in total debt over the years. The equity ratio has improved, indicating better asset financing through equity rather than debt. Return on equity has shown significant improvement, driven by increased net income, signaling enhanced shareholder returns.

Cash Flow

Cash flow analysis reveals challenges in cash generation, with negative operating and free cash flows in recent years. Operating cash flow was negative at INR -223 million in 2025, indicating potential liquidity issues or cash management inefficiencies. The free cash flow remained negative, highlighting ongoing capital expenditure that may be impacting cash reserves. However, the company has been able to manage financing activities to support its cash needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.69B	23.50B	19.19B	17.99B	13.40B	8.80B
Gross Profit	6.64B	4.84B	6.25B	3.19B	3.96B	2.72B
EBITDA	4.48B	4.37B	3.37B	3.41B	2.07B	1.48B
Net Income	1.95B	2.04B	1.20B	952.91M	477.57M	15.32M
Balance Sheet
Total Assets	0.00	35.00B	31.49B	26.12B	23.81B	22.45B
Cash, Cash Equivalents and Short-Term Investments	673.44M	673.44M	1.09B	1.38B	1.14B	1.17B
Total Debt	0.00	4.26B	3.29B	3.74B	3.35B	2.91B
Total Liabilities	-17.20B	17.80B	16.32B	15.39B	14.16B	13.16B
Stockholders Equity	17.20B	17.19B	15.17B	10.73B	9.65B	9.29B
Cash Flow
Free Cash Flow	0.00	-1.25B	-1.24B	85.55M	-676.42M	-355.35M
Operating Cash Flow	0.00	-223.53M	-388.16M	1.01B	344.95M	770.33M
Investing Cash Flow	0.00	-191.67M	-1.52B	-605.50M	-229.31M	-1.22B
Financing Cash Flow	0.00	863.46M	1.82B	-336.04M	7.13M	-526.52M

Capacit'e Infraprojects Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 253.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CAPACITE, the sentiment is Negative. The current price of 253.05 is below the 20-day moving average (MA) of 256.98, below the 50-day MA of 271.03, and below the 200-day MA of 309.93, indicating a bearish trend. The MACD of -4.64 indicates Negative momentum. The RSI at 36.17 is Neutral, neither overbought nor oversold. The STOCH value of 18.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CAPACITE.

Capacit'e Infraprojects Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDIANHUME	68 Neutral	₹22.24B	3.83	―	1.00%	0.25%	452.41%
PATELENG	65 Neutral	₹26.76B	9.14	―	―	12.37%	-22.25%
CAPACITE	64 Neutral	₹21.25B	10.55	―	―	15.23%	8.61%
PSPPROJECT	62 Neutral	₹34.75B	120.72	―	―	-2.24%	-70.79%
GPTINFRA	61 Neutral	₹13.79B	15.01	―	1.80%	15.97%	28.83%
SIMPLEXINF	56 Neutral	₹19.67B	34.10	―	―	-19.24%	-35.09%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%