One of the small-cap stocks engaged in infrastructure engineering and construction. The stock is in focus after receiving an order for an EPC contract for the construction of a 130.6-meter-high concrete gravity dam worth Rs. 1274 crore.
Stock movement
In Friday’s trading session, Afcons Infrastructure Limited‘s share was down by 1.29 percent from the previous close of Rs. 487.85. The stock opened at Rs. 504.05 and is currently trading at Rs. 481.55, with a high of Rs. 506 and a low of Rs. 477.2. The market capitalization now stands at approximately Rs. 17,699.64 crore.
What Happened
Afcons Infrastructure Limited has secured a significant EPC contract for the construction of a 130.6-meter-high concrete gravity dam and associated works across River Song in Dehradun, Uttarakhand. The project is valued at Rs. 1274 crore (excluding GST) and has been awarded with a completion timeline of 60 months.
Infrastructure Excellence
Afcons Infrastructure operates in diverse sectors, including marine infrastructure (ranked as 6th globally in ports), transportation (highways, bridges, metro systems, and ranked as 21st globally in bridges), oil and gas (offshore and onshore projects), and urban infrastructure (tunnels, roads, and civil engineering), showcasing its global expertise and engineering excellence.
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Financial results and ratios
Afcons Infrastructure Limited’s revenue has increased from Rs. 12,637 crore in FY23 to Rs. 13,268 crore in FY24, which has grown by 4.99 percent YOY. The net profit of Afcons Infrastructure Limited has also grown by 9.49 percent from Rs. 411 crore in FY23 to Rs. 450 crore in FY24.
Afcons Infrastructure Limited’s revenue and net profit have grown at a CAGR of 7.50 percent and 16.06 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 23.1 percent and 14.5 percent, respectively. The debt-to-equity ratio of the company is to be 0.94x. Afcons Infrastructure Limited’s EPS is to be Rs. 13.2.
Shareholding Pattern
In November 2024, Afcons Infrastructure Limited had a majority stake held by the promoters at 50.17 percent, foreign institutional investors at 8.20 percent, domestic institutional investors at 13.24 percent, and the public at 28.38 percent.
Company Overview
Afcons Infrastructure Limited was established in 1959 and has developed a strong reputation in the infrastructure sector, specializing in a variety of complex engineering projects. The company is a prominent Indian multinational construction and engineering company, headquartered in Mumbai, Maharashtra
Written By – Nikhil Naik
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