Afcons Infrastructure Ltd is a mid-cap company that is engaged in the business of the infrastructure sector. It is one of those sectors that is expected to give massive returns for long-term investors. As per reports, India’s infrastructure is likely to grow at 9.5% – 10% CAGR, which will surely benefit Afcons Infrastructure’s share price target for 2024, 2025, and 2026.
The fundamentals and financials of the company look strong as the company is one of the major players in various segments. In the company, there is low debt, annual profits are rising continuously, zero promoter pledges, etc.
Free Stocks & IPO GMP
- IPO GMP: Get IPO GMP (Grey Market Premium) of current IPOs directly on WhatsApp.
- Best Stocks: Based on current market and industry conditions, find the best stocks for short-term or long-term investment.
- Free Stocks: Get short-term stocks for short-term investing from top brokers and researchers, including Anand Rathi, Motilal Oswal, Sharekhan, ICICI Securities, Phabhudas Lilladher, and others.
Related Posts:
- Swiggy share price target 2024, 2025, and 2026
- Sagility India share price target 2024, 2025, and 2026
- Godavari Biorefineries share price target 2024, 2025, and 2026
About Afcons Infrastructure Ltd
Afcons Infrastructure Ltd is a mid-cap construction and infrastructure company and it is part of Shapoorji Pallonji Group. It was incorporated in 1959. The company is present in various locations and countries like Bhutan, Bangladesh, India, Indonesia, Kazakhstan, Sri Lanka, Maldives, UAE, Yemen, Oman, Kuwait, Jordan, Bahrain, Ghana, Guinea, Ethiopia, Gabon, Zambia, Benin, Zimbabwe, Madagascar, Mauritius, and many more.
The company engaged in the business of engineering and construction for various sectors like Marine & Industrial, Surface Transport, Oil & Gas, Hydro & Underground, and Urban Infrastructure.
The company has completed dozens of projects for various sectors in many countries. Some of the top projects of the company are the Sohar Jetty Port of Sohar (Oman), Jammu Udhampur Highway (India), Atul Tunnel, Rohtang (India), New Owendo International Port (Gabon), Fourth Container Terminal (Mumbai, India), East West Metra Project (India), Chinab Railway Bridge (India), LNG Tanks (India), and many more.
Afcons Infrastructure Ltd’s Scrip Info
| NSE | AFCONS |
| BSE | 544280 |
| ISIN | INE101I01011 |
| SECTOR | INFRASTRUCTURE & CONSTRUCTURE |
Company Analysis
Below you’ll find Afcons Infrastructure Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Jun 2024 | ₹92Cr |
| Sep 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹248Cr |
| Mar 2021 | ₹170Cr |
| Mar 2022 | ₹358Cr |
| Mar 2023 | ₹411Cr |
| Mar 2024 | ₹450Cr |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹NA | ROE | 0.00% |
| P/E Ratio (TTM) | 0.00 | EPS (TTM) | 12.23 |
| P/B Ratio | 0.00 | Div. Yield | 0.00% |
| Industry PE | 34.08 | Book Value | 131.82 |
| Debt to Equity | 0.94 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA | NA |
| Public | NA | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA | NA |
Key Insights
- Zero promoter pledge.
- Low debt on the company.
- The debt-to-equity ratio is 0.94.
- Company working in more than 25+ countries.
- The company is profitable & making profits consistently.
- 3 years of compounded sales growth of the company is 12%.
- 3 years of compounded profit growth of the company is 39%.
- Annual profits of the company have increased over the years.
Afcons Infrastructure Share Price Target
From Afcons Infrastructure Ltd’s business model, global presence, and financials we can understand it is a good company that may deliver good share price targets in 2024, 2025, and 2026. On the other side, the experts are also bullish on the whole sector as the sector is also growing rapidly.
The money the company going to raise will be used for various company purposes like the purchase of construction equipment, funding working capital requirements, prepayment or repayment of company borrowings, and general corporate purposes. By investing money in these, the capacity to work for the company may increase which will also increase the company’s revenue.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹500 | ₹550 |
| 2025 | ₹600 | ₹750 |
| 2026 | ₹800 | ₹900 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Afcons Infrastructure Share Price Target 2024
The price band of the Afcons Infrastructure Ltd IPO was set from Rs. 440 to Rs. 463. On the listing day 04 Nov, the stock was listed in NSE and BSE at Rs. 426 which means approx 8-9% discount.
But just after listing the stock started going up due to heavy buying in the stock. As mentioned earlier, the infrastructure and construction sector is very bullish from the medium term to the long term. As it is bullish, you can expect Afcons Infrastructure’s share price target of Rs. 500 to Rs. 550 by 2024.
Afcons Infrastructure Share Price Target 2025 and 2026
There are many reasons like strong financials, good fundamentals, industry outlook, etc. to being bullish on the Afcons share price target for 2025, 2026, and the long term.
As per reports, From FY2018 to FY2022, India’s infrastructure sector grew at 11.4% CAGR. In FY2022 the market was valued at Rs. 7,750 billion, the current value of the sector is nearly Rs. 17,340 billion which is expected to reach Rs. 38 trillion by FY2028. As in each budget, the government is increasing investment in the sector rapidly.
So, it’s clear that there is no issue as of now related to the future industry or sector growth. The government is also supporting it with various schemes.
The fundamentals and financials of the company are also good, low debt on the company (debt-to-equity is 0.94), zero promoter pledge, and consistently growing annual profits, etc.
In March 2020, the net profit of the company was Rs. 248 Crore and in March 2024, it is Rs. 450 Crore. In just 5 years, the profit of the company has almost doubled. The raised money through the IPO is also going to be used for company development purposes. It all strongly suggests the stock price for 2025 and 2026 can be near Rs. 800 to Rs. 900.
FAQs
Over the years, the company built various projects for the government and different private sector companies. Among those completed projects some of the projects are well-known and popular like Sohar Jetty Port of Sohar (Oman), Jammu Udhampur Highway (India), Atul Tunnel, Rohtang (India), New Owendo International Port (Gabon), Fourth Container Terminal (Mumbai, India), East West Metra Project (India), Chinab Railway Bridge (India), LNG Tanks (India), and many more.
For the short term to long term, it is one of the good stocks for investing in the infrastructure sector. Currently, the company has various upcoming major projects that are likely to give massive profits to the company.
So, you can expect a target of Rs. 600 to Rs. 750 in the Afcons Instrasctrure Ltd.
In my view, it is a good company as there are more positive things as compared to the negative. Remember, it is a mid-cap company, which means negative news or events can affect the stock price strongly.
The company is involved in the infrastructure and construction business in more than 25+ countries all around the world, with dozens of major upcoming projects, strong financials & fundamentals, high growth sector, etc.
Final Words
Afcons Infrastructure Ltd is a mid-cap infrastructure and construction sector company. The company is present in various countries. Infrastructure is a high-growth sector for the long term as per reports and experts. Massive growth in the sector will also benefit Afcons’ share price target for 2024, 2025, and 2026.