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PBA Infrastructure Limited (IN:PBAINFRA)
:PBAINFRA
India Market
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PBA Infrastructure Limited (PBAINFRA) AI Stock Analysis

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IN:PBAINFRA

PBA Infrastructure Limited

(PBAINFRA)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
₹14.50
▲(5.69% Upside)
Action:Reiterated
Date:06/24/26
The score is held down primarily by weak financial performance: declining revenue, a return to sizable losses, negative equity with high debt, and inconsistent/negative operating cash flow. Technicals are a relative positive with the price trading above major moving averages and a positive MACD, but overbought readings temper that support. Valuation is also a headwind due to a negative P/E and no dividend yield data.
Positive Factors
Infrastructure-focused business model
Operating squarely in roads, highways, bridges and large civil projects gives the company exposure to long-term public infrastructure spending. Such project types are multi-year, capital-intensive and provide recurring tender opportunities and structural demand beyond short cycles.
Negative Factors
Declining revenue and recent large net loss
Consecutive revenue contraction and a return to a large net loss erodes scale and margins, reducing pricing leverage and competitiveness in bids. Persistent top-line decline risks project pipeline shrinkage and weakens capacity to absorb fixed costs or invest in backlog growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Infrastructure-focused business model
Operating squarely in roads, highways, bridges and large civil projects gives the company exposure to long-term public infrastructure spending. Such project types are multi-year, capital-intensive and provide recurring tender opportunities and structural demand beyond short cycles.
Read all positive factors

PBA Infrastructure Limited (PBAINFRA) vs. iShares MSCI India ETF (INDA)

PBA Infrastructure Limited Business Overview & Revenue Model

Company Description
Founded in 1974 and headquartered in Mumbai, India, PBA Infrastructure Limited is a company focused on infrastructure development. The firm undertakes a broad spectrum of construction projects across India, including highways, bridges, airport run...
How the Company Makes Money
PBA Infrastructure Limited generates revenue through the execution of construction contracts for government bodies and private entities. Its income comes from project fees which include payments for labor, materials, and engineering services assoc...

PBA Infrastructure Limited Financial Statement Overview

Summary
Financial profile is very weak. Revenue has declined for two consecutive years and FY2026 returned to a large net loss after only small profits in FY2024–FY2025. Balance sheet risk is elevated with very high debt (~4.0B) and negative equity in recent years, while operating and free cash flow have been volatile and recently negative, limiting financial flexibility.
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
22
Negative
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue308.64M233.53M364.48M604.95M111.57M11.80M
Gross Profit4.19M-575.02M21.41M-43.30M-862.39M-36.07M
EBITDA52.69M-555.20M58.03M60.38M-1.24B72.71M
Net Income9.28M-451.10M12.22M24.54M-1.34B-1.70M
Balance Sheet
Total Assets0.002.44B3.31B3.27B3.18B4.52B
Cash, Cash Equivalents and Short-Term Investments188.50M171.26M189.20M176.30M87.17M70.82M
Total Debt0.004.05B4.05B4.06B4.02B4.02B
Total Liabilities1.15B4.41B4.46B4.44B4.37B4.37B
Stockholders Equity-1.15B-1.97B-1.15B-1.17B-1.19B150.39M
Cash Flow
Free Cash Flow0.00-17.01M13.90M-1.00K-22.98M264.40M
Operating Cash Flow0.00-17.01M13.90M-136.66M-22.98M264.40M
Investing Cash Flow0.00-5.12M6.01M111.63M19.38M43.20M
Financing Cash Flow0.00-217.00K-14.30M44.70M3.90M-282.40M

PBA Infrastructure Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price13.72
Price Trends
50DMA
10.38
Positive
100DMA
9.89
Positive
200DMA
11.70
Positive
Market Momentum
MACD
1.10
Negative
RSI
71.42
Negative
STOCH
86.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PBAINFRA, the sentiment is Positive. The current price of 13.72 is above the 20-day moving average (MA) of 10.39, above the 50-day MA of 10.38, and above the 200-day MA of 11.70, indicating a bullish trend. The MACD of 1.10 indicates Negative momentum. The RSI at 71.42 is Negative, neither overbought nor oversold. The STOCH value of 86.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PBAINFRA.

PBA Infrastructure Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
50
Neutral
₹449.41M-0.10-18.44%6.45%
50
Neutral
₹615.36M6.66-34.89%-59.38%
48
Neutral
₹292.97M93.24581.50%-93.85%
46
Neutral
₹184.69M-0.26-35.93%-3791.54%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:PBAINFRA
PBA Infrastructure Limited
13.68
2.55
22.91%
IN:KAUSHALYA
Kaushalya Infrastructure Development Corporation Ltd
846.00
-49.25
-5.50%
IN:MADHUCON
Madhucon Projects Limited
6.09
-1.21
-16.58%
IN:RKEC
RKEC Projects Ltd.
25.65
-53.80
-67.72%
IN:SETUINFRA
Setubandhan Infrastructure Ltd
0.43
-0.53
-55.21%
IN:SKIL
SKIL Infrastructure Limited
0.88
-1.68
-65.63%
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.Date of analysis: Jun 24, 2026