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PNC Infratech Ltd

₹ 247-0.96%
07 Jan 4:01 p.m. – close price
🔗pncinfratech.com•BSE: 539150•NSE: PNCINFRA
Market Cap₹ 6,365 Cr.
Current Price₹ 247
High / Low₹ 332
Stock P/E17.4
Book Value₹ 219
Dividend Yield0.24 %
ROCE18.2 %
ROE13.5 %
Face Value₹ 2.00
Sales₹ 4,739 Cr.
OPM12.6 %
Mar Cap₹ 6,365 Cr.

ABOUT

PNC Infratech Limited was incorporated on 9th August 1999 as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech limited in 2007. PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.[1]

KEY POINTS

Business OverviewThe company is an infrastructure construction, development, and management company with expertise in project execution, including highways, bridges, flyovers, airport runways, industrial areas, railways, and transmission lines. It has executed over 90 major infrastructure projects spread across 13 states, of which 66 are road EPC projects. It is currently executing 20 projects.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4167.8035.66573217.700.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.654.981.32
2.Rail Vikas357.4065.5674435.520.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.806.400.52
3.NBCC116.0546.9131330.860.58156.6925.712910.2018.9933.1712751.715.04667.83153.5211.734.680.00
4.IRB Infra.Devl.42.3629.2325587.310.71140.8241.001751.0210.427.828024.6748.08875.41140.821.252.011.02
5.Kalpataru Proj.1178.3524.4120037.430.77237.3991.276528.5732.4315.9525498.998.25821.04240.052.892.360.69
6.KEC International716.7527.9419086.440.77160.7588.216091.5619.1317.9823335.947.26683.11160.753.382.750.94
7.Ircon Intl.177.3527.7616676.281.49136.51-32.681976.75-19.2311.609787.967.43600.65138.652.583.740.80
8.PNC Infratech247.4517.356364.580.2486.201.82983.03-14.4518.174739.1112.63366.7782.381.139.000.14
–Median: 116 Co.133.3218.52526.960.09.2123.05149.5710.7318.3510.6712.7231.749.162.267.010.43

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
1,6271,8031,2051,8611,7441,1362,1152,3421,4151,5611,6931,149983
Expenses
1,4191,5631,0591,6161,1519961,8341,7771,2391,3541,4651,015847
Operating Profit
208239146245593141281565176207228134136
Other Income
1041689101110291061324
Profit before tax
174200118212567110249535156175189109118
Tax %
26%25%30%26%26%27%26%25%22%25%26%26%27%
Net Profit
12915183157421811844021211311408186
EPS in Rs
5.045.893.226.1016.413.157.1915.684.725.115.453.153.36

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,1521,5612,0141,6891,8573,0974,8784,9256,3067,0617,6995,5134,739
Expenses
1,0101,3441,7481,4671,5382,6404,1134,2495,5186,1076,4224,4644,141
Operating Profit
1422172662233194577656777879541,2771,049599
Other Income
10142545234388715438286679
Interest
234640203164114778064667691
Depreciation
2536575377921261121301101039085
Profit before tax
1041481941942343446125596318181,136949501
Net Profit
70100235210251325460362448611850706371
EPS in Rs
3.535.049.158.179.7912.6717.9414.1117.4623.8433.1327.5014.45
Dividend Payout %
4%6%5%6%5%4%3%4%3%2%2%2%–

Compounded Profit Growth

10 Years:21%
5 Years:10%
3 Years:16%
TTM:-65%

Compounded Sales Growth

10 Years:13%
5 Years:2%
3 Years:-4%
TTM:-33%

Return on Equity

10 Years:16%
5 Years:15%
3 Years:16%
Last Year:13%

Stock Price CAGR

10 Years:9%
5 Years:5%
3 Years:-8%
1 Year:-20%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
40405151515151515151515151
Reserves
5896791,3271,5211,7552,0642,4952,8573,2893,8904,7305,4245,577
Borrowings
27535312169170375327403230460391420816
Other Liabilities
3765065006528101,2261,5371,5451,7321,6692,0742,2071,696
Total Liabilities
1,2801,5781,8902,3942,7863,7164,4104,8575,3026,0707,2478,1028,140
Fixed Assets
153210213348406615588656589535474408476
Gross Block
286.99380.42431.40445.23573.35863.05952.441,126.481,146.271,190.181,216.121,220.74–
Accumulated Depreciation
134.15169.94218.8897.34166.93247.56364.39470.73556.91655.64742.18812.83–
CWIP
27281160300000
Investments
3514244644684955737368478711,6911,6642,1713,130
Other Assets
7759371,2111,5701,8742,5213,0873,3513,8423,8455,1095,5224,534
Total Assets
1,2801,5781,8902,3942,7863,7164,4104,8575,3026,0707,2478,1028,140

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1656391-9321370813273308-1531,261551
Cash from Investing Activity
-101-165-79-171-155-351-231-275-308-114-786-543
Cash from Financing Activity
-22357110-65127-1527-280153-151-79
Net Cash Flow
62-7968-701021464305-281-114323-70

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1098668136136736062749892114
Inventory Days
1001429467751014558558383154
Days Payable
676938103199118791175874101162
Cash Conversion Cycle
14215912510012552637110874106
Working Capital Days
4351951091137153447787104113
ROCE %
15%20%18%12%14%17%25%20%20%22%25%18%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%
FIIs
9.32%9.52%10.26%10.78%10.98%11.85%10.83%10.05%6.95%7.10%7.14%6.99%
DIIs
29.58%29.39%28.50%28.10%27.24%26.96%26.36%25.50%26.60%26.26%25.90%26.51%
Public
5.04%5.03%5.18%5.06%5.72%5.12%6.75%8.39%10.36%10.57%10.91%10.43%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

PNC Infratech settles Gwalior Bypass Project dispute, receives ₹20 crore compensation

8th April 2026, 8:53 pm

PNC Infratech: Promoter Group Completes Inter-se Share Transfer of 1.96 Crore Shares

1st April 2026, 8:48 pm

PNC Infratech CFO Resigns Due to Health Issues, Effective March 31, 2026

31st March 2026, 11:30 pm

PNC Infratech: Promoter Group Adjusts Shareholdings via Off-Market Transfers

31st March 2026, 11:22 pm

PNC Infratech: Promoter Group Restructures Shareholding Via Off-Market Transfer

30th March 2026, 7:57 pm

Published by Other Websites

External media mentions & references

Corporate India Buzz: Orders, Investments, And Expansion Drive Market Action

30th March 2026, 7:48 am

Jal Jeevan Mission Extended to 2028; Infra Stocks Rally Up To 20%

11th March 2026, 12:28 pm

Jal Jeevan Mission Extended: ₹8.69 Lakh Crore Boost for Infra Stocks

11th March 2026, 7:39 am

PNC Infratech Profit Dips as Margins Squeeze, Stock Rises on New Projects

9th February 2026, 5:49 pm

India Road Sector Rebound: Valuations Face Margin Scrutiny

5th February 2026, 11:35 am

News Articles

Editorial & research coverage

India Road Sector Rebound: Valuations Face Margin Scrutiny
India Road Sector Rebound: Valuations Face Margin Scrutiny

5th February 2026, 11:35 am

India Budget 2026: Tech, Infra Lead, Markets React Negatively
India Budget 2026: Tech, Infra Lead, Markets React Negatively

2nd February 2026, 1:01 pm

India's Rs 25,000 Crore Infra Boost: Will This Fund Unlock Stalled Projects & Skyrocket Stocks?
India's Rs 25,000 Crore Infra Boost: Will This Fund Unlock Stalled Projects & Skyrocket Stocks?

2nd January 2026, 6:35 am

India's Hidden Gems: Undervalued Mid-Cap Infra Stocks Poised for Massive Growth?
India's Hidden Gems: Undervalued Mid-Cap Infra Stocks Poised for Massive Growth?

13th December 2025, 6:34 am

India's Highway Overhaul: Automatic Buyback Policy Set to Transform BoT Projects, Boost Investor Confidence!
India's Highway Overhaul: Automatic Buyback Policy Set to Transform BoT Projects, Boost Investor Confidence!

2nd December 2025, 1:05 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Acquisition

31 Dec - Wholly-owned SPV PNC REI PRIVATE LIMITED incorporated 31-Dec-2025; paid-up capital Rs15,00,000; for solar project.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Credit Rating

27 Dec - SES ESG Research assigned independent ESG rating 65.4 to PNC Infratech; company did not engage agency.

Announcement under Regulation 30 (LODR)-Credit Rating

16 Dec - CARE reaffirmed ratings for two subsidiaries: Akkalkot Rs811.50cr CARE A (Stable); Raebareli Rs187.94cr CARE AA+ (Stable) on Dec 1, 2025.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

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Financial Year 2022

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Financial Year 2021

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Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2017

(from bse)

Financial Year 2016

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Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2010

(from bse)

Credit Ratings

Rating update

26 Mar 2025 from care

Rating update

30 Oct 2024 from care

Rating update

20 Jun 2024 from care

Rating update

3 Apr 2024 from care

Rating update

25 Jan 2024 from care

Rating update

7 Feb 2023 from care

Concalls

Nov 2025

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Stock Analysis

Description

PNC Infratech Limited is a leading infrastructure development, construction, and management company based in India, specializing in highways, bridges, flyovers, airport runways, and transmission lines.

Key Growth Triggers

  1. Strategic diversification into the renewable energy sector with the incorporation of a wholly-owned subsidiary, PNC REI PRIVATE LIMITED, to focus on solar projects.
  2. Continued strong order book exceeding ₹20,000 crore, ensuring revenue visibility across its infrastructure and mining segments.
  3. Positive recent financial performance, with Q2 FY26 consolidated PAT growth driven by asset monetization, and a consistently low Debt-to-Equity ratio.

Order Book

Order Book: Exceeds ₹20,000 crore.

Key Red Flags

  1. The company has contingent liabilities amounting to ₹3,595 Cr, which could pose financial risks.

Key Dates To Watch

  1. The incorporation date for the new subsidiary, PNC REI PRIVATE LIMITED, was December 31, 2025.

Corporate Announcements

8th Apr 26
Impact Rating: 7
PNC Infratech Limited has resolved a protracted dispute over the Gwalior Bypass Project resolution plan by settling with an erstwhile director and received ₹20 crore compensation.
1st Apr 26
Impact Rating: 6
PNC Infratech's promoter group saw an inter-se share transfer of 1,96,08,000 equity shares. Madhavi, Chakresh, Meena, and Ashita Jain acquired these shares from other promoter HUFs following a partition.
31st Mar 26
Impact Rating: 6
PNC Infratech Limited announced that its Chief Financial Officer, Devendra Kumar Agarwal, has resigned due to health reasons. His last day will be March 31, 2026.
31st Mar 26
Impact Rating: 7
PNC Infratech promoter group entities engaged in off-market, inter-se share transfers on March 27, 2026, involving significant volumes but no explicit monetary values.
30th Mar 26
Impact Rating: 8
PNC Infratech's promoter group members have reshuffled shareholdings with 1.96 crore shares transferred off-market between entities due to a partition.