Om Infra Limited (OMINFRAL) AI Stock Analysis

• Market Cap: ₹8.52B
• Dividend Yield: 0.39%
• Average Volume (3M): 37.53K
• Price to Earnings (P/E): 29.1
• Beta (1Y): 1.46
• Revenue Growth: -45.35%
• EPS Growth: -0.88%
• Country: IN
• Employees: 850
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): 0.84
• Shares Outstanding: 96,303,810
• 10 Day Avg. Volume: 23,194
• 30 Day Avg. Volume: 37,527
• PEG Ratio: -1.38
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 1.67
• P/FCF Ratio: 315.98
• 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: 56 Neutral
• Price Target: ₹91.00 ▼(-7.32% Downside)
• Action: Upgraded Date: 01/28/26
• Date: Action: Upgraded 01/28/26

The score is held back primarily by weak technicals (price below all key moving averages with negative MACD and very weak momentum). Financial performance is mixed—strong gross margin and low leverage help, but thin net profitability and weak cash flow conversion are key constraints. Valuation provides limited support given a relatively high P/E and low dividend yield.

Positive Factors

High gross margin

A 51.28% gross margin signals durable cost control and pricing power on engineered fabrication and hydro‑mechanical work. Structurally high gross margins cushion the P&L versus raw-material swings, support reinvestment in capacity, and enhance long‑term project profitability.

Conservative leverage

Very low debt (D/E 0.10) and a 52% equity ratio indicate a solid balance sheet and financial flexibility. This reduces interest burden, aids securing performance guarantees on large contracts, and gives room for capex or working capital during prolonged project cycles.

Specialized water/irrigation niche

A focused business model on hydro‑mechanical and water/irrigation fabrication and EPC creates structural competitive advantages: technical know‑how, specialized manufacturing, and public sector demand pipelines that support repeat contracts and higher entry barriers over time.

Negative Factors

Thin net profitability

A net margin near 5% and modest ROE indicate weak conversion of gross profit to shareholder returns. Persistently thin net profits limit retained earnings for growth, reduce resilience to cost overruns, and constrain the company’s ability to self‑fund expansion or absorb project setbacks.

Weak cash conversion

Operating cash flow covers only a small fraction of reported income (OCF/NetIncome 0.16) and free cash flow has declined, implying structural working‑capital strain. Poor cash conversion raises reliance on external financing for bond/guarantee needs and undermines liquidity for project execution.

Revenue volatility

Steep negative revenue growth and inconsistent trends reduce predictability of backlog and capacity utilization. Revenue volatility increases fixed‑cost leverage, complicates bidding accuracy, and raises execution risk for future contracts, affecting medium‑term earnings visibility.

Om Infra Limited Business Overview & Revenue Model

Company Description

Om Infra Limited engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally. The company operates through Engineering, Real Estate, and Other segments. It offers radial gates, vertical gates, stop log gates, draft tube gates, steel liners, penstocks and pressure shaft liners, trash racks, trash rack cleaning machines, various cranes, gantry cranes, mechanical and hydraulic hoists, lifting arrangements, steel bridges and walkways, electrical control and automation systems, and SCADA systems. The company also provides engineering services, including transport and logistics for equipment; installation, testing, and commissioning; long term and short term operation and maintenance contracts; manpower training; on site mechanical maintenance contracts for various components; repair and refurbishment works for power plants; and redesign/overhaul and replacements works for equipment. In addition, it builds residential and commercial units; and undertakes infrastructure projects, such as special economic zones and sea ports. Further, the company provides steel fabrication services; and undertakes canal and dams projects. Additionally, it constructs and operates food grain silos; constructs smart cities; and manufactures plastic closures for bottles used in the water, food, and beverages industries, as well as engages in the hostel and other related activities. The company was formerly known as Om Metals Infraprojects Limited and changed its name to Om Infra Limited in January 2021. Om Infra Limited was incorporated in 1971 and is based in Jaipur, India.

How the Company Makes Money

The company makes money primarily by executing project contracts, where revenue is earned from (1) supplying manufactured/fabricated components and (2) providing engineering and construction/erection services tied to those components. Key revenue streams typically include: (a) EPC/turnkey or item-rate contracts for water/irrigation and related infrastructure, where the company bills customers based on contract milestones, measured quantities, or percentage-of-completion for work performed; (b) manufacturing/fabrication sales of hydro-mechanical equipment and engineered metal/structural items (e.g., gates, penstocks, stoplogs, embedded parts and related assemblies) supplied to project owners or main contractors, usually recognized upon delivery/acceptance and/or as specified by contract terms; and (c) installation/erection, commissioning, and associated site services, billed as part of composite contracts or as separate service line items. Earnings are influenced by the company’s order book and timely execution, customer mix (often government departments/public sector bodies and large contractors for water-related infrastructure), contract terms (price variation/escalation clauses, retention, performance guarantees), and the ability to control input costs (steel and other raw materials), logistics, and project timelines. Specific information about material partnerships, named customers, or segment-level revenue contribution is null.

Om Infra Limited Financial Statement Overview

Summary

Financials are mixed: strong gross margin (51.28%) and conservative leverage (debt-to-equity 0.10) support stability, but low net margin (5.04%), modest ROE (4.81%), inconsistent revenue trends, and weak cash conversion (operating cash flow to net income 0.16) limit the score.

Income Statement

Om Infra Limited shows a mixed income statement performance. The gross profit margin for 2025 is 51.28%, indicating strong cost management. However, the net profit margin is 5.04%, which is weaker and suggests challenges in controlling other operating expenses. Revenue growth has been inconsistent, with significant fluctuations over the years. Despite the volatility, the EBIT margin of 2.05% and EBITDA margin of 7.98% reflect some profitability, albeit with room for improvement.

Balance Sheet

The balance sheet of Om Infra Limited shows a reasonable structure with a debt-to-equity ratio of 0.10, indicating conservative leverage. The return on equity stands at 4.81%, suggesting moderate efficiency in using shareholder equity to generate profits. The equity ratio is 52.42%, demonstrating a solid buffer of equity over total assets. However, stagnant growth in stockholders' equity could be a concern regarding future expansion capabilities.

Cash Flow

Cash flow analysis reveals a challenging scenario. The free cash flow growth rate has been negative in recent years, indicating potential issues in generating sufficient cash post capital expenditures. The operating cash flow to net income ratio of 0.16 suggests weak cash conversion efficiency. However, the free cash flow to net income ratio is 0.10, showing some capability to generate free cash relative to income, but still requires attention.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.33B	7.13B	11.14B	7.99B	3.12B	2.36B
Gross Profit	2.51B	3.65B	1.14B	996.57M	1.14B	1.06B
EBITDA	289.45M	568.76M	1.09B	671.33M	405.54M	489.78M
Net Income	254.58M	359.02M	471.59M	128.73M	264.67M	88.94M
Balance Sheet
Total Assets	14.51B	14.23B	14.56B	15.40B	11.99B	11.74B
Cash, Cash Equivalents and Short-Term Investments	713.15M	1.25B	822.86M	755.62M	444.22M	484.62M
Total Debt	1.12B	711.08M	910.09M	1.49B	1.40B	1.33B
Total Liabilities	6.58B	6.31B	6.87B	8.11B	5.38B	5.45B
Stockholders Equity	7.47B	7.46B	7.23B	6.83B	6.61B	6.27B
Cash Flow
Free Cash Flow	-440.04M	37.66M	448.20M	-3.46B	187.48M	140.11M
Operating Cash Flow	-407.58M	58.02M	610.98M	253.21M	187.60M	169.84M
Investing Cash Flow	-124.47M	429.17M	14.09M	-2.85B	205.69M	145.64M
Financing Cash Flow	310.83M	-438.25M	-880.31M	2.77B	-381.12M	-256.74M

Om Infra Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 98.19
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OMINFRAL, the sentiment is Neutral. The current price of 98.19 is above the 20-day moving average (MA) of 86.19, above the 50-day MA of 86.01, and below the 200-day MA of 108.98, indicating a neutral trend. The MACD of -0.89 indicates Negative momentum. The RSI at 54.33 is Neutral, neither overbought nor oversold. The STOCH value of 84.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:OMINFRAL.

Om Infra Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HOMEFIRST	66 Neutral	₹102.85B	20.38	―	0.33%	31.75%	21.70%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MARATHON	62 Neutral	₹25.57B	28.99	―	0.19%	-21.43%	18.96%
GPTINFRA	61 Neutral	₹12.95B	17.45	―	1.80%	15.97%	28.83%
ABINFRA	59 Neutral	₹10.80B	46.62	―	0.03%	―	―
OMINFRAL	56 Neutral	₹8.52B	29.07	―	0.39%	-45.35%	-0.88%
AURUM	50 Neutral	₹12.81B	102.20	―	―	16.23%	29.20%

Om Infra Limited Corporate Events

Om Infra’s Independent Director Gopi Raman Sharma Completes Board Tenure

Om Infra Limited has announced that independent director Mr. Gopi Raman Sharma has completed his term on the board, effective at the end of March 10, 2026. With the conclusion of his tenure, Sharma has also ceased to serve as chairman of the Nomination & Remuneration Committee and the Stakeholders’ Relationship Committee, and as a member of the Audit Committee, prompting forthcoming adjustments in the company’s board committee structure and governance oversight.

The company has notified the stock exchanges of this change in accordance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. Additional disclosure details have been prepared as required under the latest SEBI circular, signaling Om Infra’s effort to maintain transparency and regulatory alignment as it refreshes its independent board representation and key committee leadership.

Om Infra Schedules Virtual Analyst Meet Under SEBI Disclosure Norms

Om Infra Limited has notified the stock exchanges that its management will participate in a virtual analyst and investor meeting, in line with disclosure requirements under SEBI’s Listing Regulations. The interaction is scheduled as part of Arihant Capital’s Bharat Connect Rising Star 2026 conference on 9 March 2026, signaling ongoing engagement with the investment community and providing a platform for the company to communicate its outlook and performance to stakeholders.

The company clarified that the meeting will be held in a group virtual format between 2 p.m. and 3 p.m., though the schedule may change due to exigencies from the company or the organizer. Such structured engagements help enhance transparency and can influence investor perception and liquidity in the company’s shares by offering greater insight into its strategic direction and operational priorities.

NHPC Terminates Om Infra’s Dibang Hydro-Mechanical Contracts Citing Site Delays

Om Infra Limited has disclosed that significant developments have occurred in relation to two contracts it had been awarded by NHPC Limited for hydro-mechanical works on the 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh. NHPC has terminated both contracts for Lot-5B package works covering intake and draft tube gates and hoists, citing delayed work fronts due to prevailing site conditions and invoking termination for the employer’s convenience, while confirming that Om Infra’s performance securities for these contracts will be discharged. The cancellation removes a sizable order book component worth nearly Rs 200 crore for Om Infra, potentially affecting its near-term project pipeline and revenue visibility from this flagship hydropower project, though the company remains positioned as a qualified participant for future NHPC tenders.