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AFCONS.NS

Afcons Infrastructure Ltd.

Construction
Price research

Price history

6M window · 2026-03-25 to 2026-09-23

Start 2026-03-25 ₹282.65
End 2026-09-23 ₹258.30
Change over window -8.61%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-05-19
Price (live) ₹260.35 INR fetched 2026-09-23 02:00
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

38.19

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitLossForPeriod / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹260.35 / (₹2,507,400,000 / 367,780,000 shares) = ₹260.35 / ₹6.82 EPS

ROE

4.60%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitLossForPeriod / EquityAttributableToOwnersOfParent → ₹2,507,400,000 / ₹54,498,000,000 = 4.60%

Debt/Equity

0.65

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = BorrowingsCurrent + BorrowingsNoncurrent / EquityAttributableToOwnersOfParent → ₹35,382,700,000 / ₹54,498,000,000 = 0.65

Current Ratio

1.29

Current Ratio = Current Assets / Current Liabilities

Source trace FY2025-26 · Annual filing

Current Ratio = CurrentAssets / CurrentLiabilities → ₹129,539,700,000 / ₹100,114,300,000 = 1.29

ROCE

12.65%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + BorrowingsCurrent + BorrowingsNoncurrent) → ₹11,369,100,000 / (₹54,498,000,000 + ₹35,382,700,000) = 12.65%

Dividend Yield

0.96%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹919,500,000 / 367,780,000 shares) / ₹260.35 = ₹2.50 / ₹260.35

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y -4.8%
Net profit CAGR · 3y N/A
Operating margin · FY2025-26 9.5%
ROCE · FY2025-26 12.6%

Revenue & Profit CAGR

Revenue (3y, 1.0y actual)
-4.8%
Net Profit (3y)
N/A
Revenue (5y, 1.0y actual)
-4.8%
Net Profit (5y)
N/A
Revenue (10y, 1.0y actual)
-4.8%
Net Profit (10y)
N/A

Operating Margin Trend

Eroding
FY2024-25
10.7%
FY2025-26
9.5%

ROCE Trajectory

FY2024-25
17.9%
FY2025-26
12.6%

Earnings Quality

Needs net profit and CFO for 3+ stored years; only 1 on file.

Sector-Relative Percentile

Sector · Construction
ROE 8th percentile Better than 1 of 12 sector peers (8th percentile).
ROCE 25th percentile Better than 3 of 12 sector peers (25th percentile).
Debt/Equity 33th percentile Better than 4 of 12 sector peers (33th percentile).
P/E 8th percentile Better than 1 of 12 sector peers (8th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Afcons Infrastructure Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Comparing FY2024-25FY2025-26

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index 1.297 1.031 Exceeds Beneish's published threshold
GMI — Gross Margin Index 0.942 1.014 Below Beneish's published threshold
AQI — Asset Quality Index 1.076 1.039 Exceeds Beneish's published threshold
SGI — Sales Growth Index 0.952 1.134 Below Beneish's published threshold
DEPI — Depreciation Index 0.993 1.077 Below Beneish's published threshold
SGAI — SG&A Index 1.123 1.041 Exceeds Beneish's published threshold
LVGI — Leverage Index 1.095 1.111 Below Beneish's published threshold
TATA — Total Accruals to Total Assets N/A 0.018 Net Profit, Operating Cash Flow, or Total Assets not disclosed for the latest year.

Composite M-Score not computable — 1 of 8 indices could not be computed from the data on file (TATA), and the M-Score is a single weighted equation -- dropping a term would yield a different, uncalibrated score rather than a smaller valid one, so no composite is shown. The components that WERE computable are still shown individually below.

Financials

Quarterly trend

8 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q2 FY2024-25 Q3 FY2024-25 Q4 FY2024-25 Q1 FY2025-26 Q2 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹2,959.69 Cr. ₹3,211.10 Cr. ₹3,223.27 Cr. ₹3,370.38 Cr. ₹2,988.39 Cr. ₹2,975.77 Cr. ₹2,613.84 Cr. ₹2,671.00 Cr. RevenueFromOperations
Net Profit ₹135.43 Cr. ₹148.85 Cr. ₹367.78 Cr. incl. minority ₹110.92 Cr. ₹137.40 Cr. ₹105.08 Cr. ₹96.81 Cr. ₹-88.55 Cr. ₹30.30 Cr. ProfitLossForPeriod
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 8 filings on file

Promoter & Promoter Group
50.17%
Public
49.83%
Employee Trusts
0.00%
Promoter % Public %
Metric Oct 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17%
Public 49.83% 49.83% 49.83% 49.83% 49.83% 49.83% 49.83% 49.83%
Employee Trusts 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-23) 50.7%
Trailing 20-day average 44.7%
Date Traded Qty Delivery Qty Delivery %
2026-09-23 862881 437790 50.74%
2026-09-22 1138018 370193 32.53%
2026-09-21 734601 272535 37.10%
2026-09-18 3352350 1055025 31.47%
2026-09-17 8753901 1946290 22.23%
2026-09-16 4434269 864324 19.49%
2026-09-15 26501568 3962714 14.95%
2026-09-11 1849652 724310 44.31%
2026-09-10 3868242 2818800 72.87%
2026-09-09 924861 551053 59.58%
2026-09-08 828684 376778 45.47%
2026-09-07 425086 226502 53.28%
2026-09-04 400459 210521 52.57%
2026-09-03 973217 471737 48.47%
2026-09-02 402500 249497 61.99%
2026-09-01 324859 198707 61.17%
2026-08-31 538629 314192 58.33%
2026-08-28 728796 209918 28.80%
2026-08-27 250467 129762 51.81%
2026-08-26 245244 113256 46.18%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

12 disclosures shown

Disclosed Person Category Type Mode Quantity Value (₹) Resulting stake Source
25 Feb 2026 Naga Mallikharjuna Rao Kanyadhara - Sell Market Sale 30000 9150000 0.00% XBRL
17 Feb 2026 Shapoorji Pallonji and Company Private Limited Promoters Pledge Pledge Creation 12234940 3992260922 15.41% XBRL
18 Dec 2025 GOSWAMI INFRATECH PRIVATE LIMITED Promoters Pledge Others 18513453 7389644764 25.03% XBRL
30 Jun 2025 Hermes Commerce Private Limited Promoter Group Pledge Pledge Creation 4016250 1758515062 1.10% XBRL
30 Jun 2025 Shapoorji Pallonji and Company Private Limited Promoters Pledge Pledge Creation 44446470 19460886889 15.41% XBRL
30 Jun 2025 Renaissance Commerce Private Limited Promoter Group Pledge Pledge Creation 4018690 1759583416 1.09% XBRL
08 May 2025 GOSWAMI INFRATECH PRIVATE LIMITED Promoters Pledge Pledge Creation 18513453 7665495214 25.03% XBRL
12 Dec 2024 Patsy Mistry Promoter Group Buy Market Purchase 5600 2978580 0.00% XBRL
11 Nov 2024 Renaissance Commerce Private Limited Promoter Group Pledge Pledge Creation 4024619 1917529722 1.09% XBRL
11 Nov 2024 Hermes Commerce Private Limited Promoter Group Pledge Pledge Creation 4054970 1931990456 1.10% XBRL
11 Nov 2024 Floreat Investments Private Limited Promoters Pledge Pledge Creation 27667944 13182391919 7.52% XBRL
11 Nov 2024 Shapoorji Pallonji and Company Private Limited Promoters Pledge Pledge Creation 44446470 21176520631 15.14% XBRL
About these disclosures

SEBI PIT (Prohibition of Insider Trading) Regulation 7 disclosures — designated persons (promoters, directors, KMPs, and their immediate relatives) reporting their own dealing in the company's securities, as NSE publishes them. Distinct from the SAST (Regulation 29 substantial-acquisition) filings on the market-wide SAST activity page. Public record only — this is descriptive disclosure data, not a signal, and is not a recommendation to buy or sell.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitLossForPeriod2507400000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital367780000.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
CurrentAssets129539700000.0
CurrentLiabilities100114300000.0
EquityAttributableToOwnersOfParent54498000000.0
BorrowingsCurrent + BorrowingsNoncurrent35382700000.0
Research notes

My notes