MarketFriction

A2Z Infra Engineering Ltd

NSE A2ZINFRA · BSE 533292 · Civil Construction
₹14.38 -3.68%
NSE close2026-10-01
52 week range12.00 - 19.39
Market cap₹259 Cr.
P/E61.2
ASM long-term Price band 5% Delivery 42.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales101.9694.4597.9782.6478.4184.5690.6690.5194.72108.9792.2468.45
Expenses123.24114.23145.8880.9079.7487.4081.5683.7589.17109.4595.4367.84
Operating Profit-21.28-19.78-47.911.74-1.33-2.849.106.765.55-0.48-3.190.61
OPM %-20.87%-20.94%-48.90%2.11%-1.70%-3.36%10.04%7.47%5.86%-0.44%-3.46%0.89%
Other Income22.6521.6149.252.777.264.521.71-2.48-3.543.8113.353.24
Interest2.330.721.332.071.871.772.251.451.671.992.242.39
Depreciation1.351.311.241.281.241.161.251.261.201.171.141.12
Profit before tax-2.31-0.20-1.231.162.82-1.257.311.57-0.860.176.780.34
Tax %51.08%825.00%-62.60%155.17%52.48%-24.80%82.49%63.69%55.81%482.35%1.92%108.82%
Net Profit-3.49-1.85-0.46-0.641.34-0.921.260.57-1.34-0.636.65-0.02
EPS in Rs-0.12-0.08-0.070.000.31-0.030.230.04-0.10-0.040.340.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,349996709869700415353349388336386364
Expenses1,266933732821730448507348477330378362
Operating Profit8362-2448-30-34-1531-89792
OPM %6%6%-3.4%6%-4.3%-8%-43%0.4%-23%2.0%2.2%0.7%
Other Income35-62177333-1332513-8695161117
Interest19820120660606028136878
Depreciation46433327149995555
Profit before tax-126-244-85294-237-77-177-106-51086
Tax %4%25%3%2%17%5%2%19%60%90%32%
Net Profit-132-306-87287-278-81-180-126-7155
EPS in Rs-9.19-18.32-6.2817.32-15.73-4.61-10.22-6.98-0.320.510.250.20
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-12%-1%3%6%
Compounded Profit Growth7%16%-22%-66%
Stock Price CAGR-9%28%15%-15%
Return on Equity-32%-40%-23%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital87127145176176176176176176176176176
Reserves625364214196509237162-17-138-144-131-127
Borrowings1,5191,5901,6451,2604344775273943131989297
Other Liabilities5541,2351,2001,3121,0551,1031,007874639453362315
Total Liabilities2,7843,3163,2042,9442,1751,9931,8721,427991683498461
Fixed Assets53848434232116812211410773757364
CWIP6016033853101439191945558186
Investments220-02262132201567036-00
Other Assets1,6442,2272,4772,3131,6381,5671,4481,071793514408390
Total Assets2,7843,3163,2042,9442,1751,9931,8721,427991683498461
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity305663583-26-738559554-17
Cash from Investing Activity82214571125-7-11-1211
Cash from Financing Activity-47-21-17-82-9517-1-68-47-94-395
Net Cash Flow-9651-43-6-24-52-93-0
Free Cash Flow3215582981-32-953508551-8
CFO/OP-45%18%112%-200%210%52%44%-25%3,958%-103%827%-256%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days48931048967441347879452833914711476
Inventory Days1194333402390-0-0
Days Payable5725311,2271,6282,7517,071
Cash Conversion Cycle36-178-705-914413478794-2,199-6,64114711476
Working Capital Days-46-61-82-7512-54-144-240-208-160-110-64
ROCE %-5%3%3%-1%3%-2%-2%-21%7%-20%14%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%27.92%
FIIs1.61%1.61%1.61%1.64%1.62%1.28%1.03%0.89%0.84%0.81%0.86%0.94%
DIIs0.00%0.00%0.00%0.01%0.01%0.11%0.10%0.10%0.10%0.10%0.10%0.10%
Public70.23%70.24%70.25%70.20%70.22%70.46%70.73%70.85%70.90%70.94%70.90%71.05%
No. of Shareholders43,96242,70041,79042,18741,23242,49742,93442,87742,19641,40640,59640,119

Fundamentals

Market Cap₹ 259 Cr.
Current Price₹ 14.5
Stock P/E61.2
Book Value₹ 2.81
ROCE16.3 %
ROE15.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-66%
Consolidated figures.
Valuation
Market capRs 256 Cr
Enterprise valueRs 348 Cr
P/E (TTM)69.85x
Price to book5.18x
Price to sales0.70x
EV / EBITDA18.00x
EV / EBIT23.66x
EV / sales0.96x
Earnings yield1.43%
P/E, 3-year average26.84x
P/B, 3-year average6.36x
P/E, 5-year average26.84x
P/B, 5-year average4.21x
Profitability
Operating margin (excl. other income)2.24%
Operating margin (incl. other income)5.12%
EBITDA margin5.31%
Pre-tax margin1.76%
Net profit margin1.01%
Net margin, latest quarter0.06%
ROE9.23%
ROCE10.60%
ROA0.91%
ROE, 3-year average5.41%
ROCE, 3-year average6.99%
ROA, 3-year average0.58%
ROE, 5-year average-36.17%
ROCE, 5-year average-4.11%
ROA, 5-year average-3.86%
ROIC (approx.)7.12%
Tax rate31.63%
Other income / net worth22.50%
Growth
Sales growth (latest year)14.92%
Profit growth (latest year)-51.28%
Sales CAGR, 3 years3.41%
Sales CAGR, 5 years-1.41%
Sales growth QoQ-25.79%
Profit growth QoQ-99.33%
Sales growth YoY (latest quarter)-24.37%
Profit growth YoY (latest quarter)-94.67%
Per share
EPS (TTM)Rs 0.21
EPS (latest quarter)Rs 0.00
EPS, 3-year averageRs 0.09
EPS, 5-year averageRs -4.25
Book value per shareRs 2.78
Sales per shareRs 20.44
Cash flow per shareRs -0.93
Free cash flow per shareRs -0.45
Efficiency
Asset turnover0.84x
Fixed asset turnover6.00x
Debtor days76 days
Debtors turnover4.81x
Creditor days7071 days
Cash conversion cycle76 days
Working capital days-64 days
Leverage
Total debtRs 97 Cr
Cash and bankRs 5 Cr
Net debtRs 92 Cr
Debt to equity1.95x
Net debt / EBITDA4.75x
Interest coverage1.78x
Owners' fund to total sources10.74%
Debt to assets20.98%
Cash flow
Cash from Operating Activity (latest year)Rs -17 Cr
Cash from Investing Activity (latest year)Rs 11 Cr
Cash from Financing Activity (latest year)Rs 5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -8 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Statement figures
Net sales (TTM)Rs 364 Cr
Net sales (latest year)Rs 386 Cr
Sales (latest quarter)Rs 68 Cr
Operating profit excl. other income (latest year)Rs 9 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 19 Cr
PBDT (TTM)Rs 11 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 179 Cr
Total expenditure (latest year)Rs 378 Cr
Total income (latest year)Rs 398 Cr
Share capitalRs 176 Cr
ReservesRs -127 Cr
Shareholders' fundsRs 49 Cr
Total assetsRs 461 Cr
Net blockRs 64 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 0 Cr
ReceivablesRs 80 Cr
Other liabilitiesRs 315 Cr
Shares outstanding (crore)17.83
Ownership
Promoter holding27.92% (-0.23 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 69.0 is at the 70th percentile of its own 2.8-year range (median 38.0, low 0.2, high 131.7).
P/B 5.12 is at the 69th percentile (median 1.14).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodA2ZINFRANifty 50Difference
1 week-2.4%-2.8% +0.3 pts
1 month-13.7%-6.8% -6.9 pts
3 months+2.6%-7.6% +10.3 pts
6 months-8.3%+0.4% -8.8 pts
1 year-19.6%-9.9% -9.7 pts
2 years-17.5%-13.6% -3.9 pts
3 years+49.0%+14.2% +34.8 pts
5 years+238.4%+27.9% +210.5 pts

Red flags

F-score 4 of 8
lookProfit leans on other income Other income was 145% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2025-12-26: A2Z Infra Engineering Limited has informed the Exchange about Action(s) taken or orders passed
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹68 Cr -24.4% vs Jun 2025. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-22Annual General Meeting
2022-09-09Annual General Meeting
2021-09-22 Annual General Meeting
2020-09-22 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-19Annual General Meeting
2012-09-20Annual General Meeting
2011-09-22Dividend-Rs.2/- Per Share
DateTypeWhat it says
2026-09-26AppointmentRe-appointment of Mr. Amit Mittal (DIN: 00058944) as Managing Director of the Company for a period of three (3) years effective from January 01, 2027 ...
2026-09-26AppointmentAppointment of MRKS & Associates as Statutory Auditors for the second term of five consecutive years from the conclusion of 25th Annual General Meeti...
2026-09-26Shareholder meetingProceedings of Annual General Meeting held on September 26, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-09-03UpdatesIntimation Regarding Dispatch Of Physical Communication To Shareholders Regarding Web Link Of Annual Report Who Have Not Registered Their Email Addres...
2026-09-03Record DateRecord date for the purpose of Meeting is 21-Sep-2026.
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 26, 2026
2026-08-31AppointmentAppointment of MRKS & Associates as Other of the company w.e.f. April 01, 2026.
2026-08-31AppointmentAppointment of Mr. Amit Mittal as Managing Director & CEO of the company w.e.f. January 01, 2027.
2026-08-12Board meeting outcomeA2Z Infra Engineering Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04Price movementSignificant movement in price has been observed in A2Z Infra Engineering Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-08-04Price movementSignificant movement in price has been observed in A2Z Infra Engineering Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-07-14Board meeting outcomeA2Z Infra Engineering Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-07-06General UpdatesGeneral Updates
2026-06-05Disclosure under SEBI TakeovAmit Mittal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqui...
2026-05-28Reasons for Delayed/Non-submUpdate on intimation dated May 22, 2026, regarding meeting of board of Directors of Company scheduled to be held on May 29, 2026 for considering & app...
2026-05-14Fraud/Default/ArrestFraud/Default/Arrest
2026-05-04ESOP grantOptions to purchase securities
2026-02-24One time settlementOne time settlement with Indian Bank
2026-02-11Board meeting outcomeA2Z Infra Engineering Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-12-29Price movementSignificant movement in price has been observed in A2Z Infra Engineering Limited. The Exchange, in order to ensure that investors have latest relevant...
2025-12-29Price movementSignificant movement in price has been observed in A2Z Infra Engineering Limited. The Exchange, in order to ensure that investors have latest relevant...
2025-12-26Regulatory actionAction(s) taken or orders passed
2025-12-16Regulatory actionAction(s) taken or orders passed
2025-12-12Regulatory actionAction(s) taken or orders passed
2025-11-14Board meeting outcomeA2Z Infra Engineering Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-09NCLTE&M Electrical Solutions Pvt. Ltd. Vs A2Z Infra Engineering Ltd.
2021-01-12NCLTAbhishek Jain Vs A2Z Infra Engineering Ltd.
2020-12-24NCLTE&M Electrical Solutions Pvt. Ltd. Vs A2Z Infra Engineering Ltd.
2020-12-09NCLTManish Kumar Puri Vs A2Z Infra Engineering Limited & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03