Price
Financials
Consolidated, Rs crore| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 60 | 59 | 49 | 51 | 95 | 91 | 94 |
| Expenses | 41 | 49 | 39 | 44 | 84 | 77 | 85 |
| Operating Profit | 18 | 10 | 11 | 7 | 11 | 14 | 9 |
| OPM % | 31% | 17% | 22% | 14% | 12% | 15% | 10% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 3 |
| Interest | 1 | 1 | 2 | 1 | 2 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 17 | 8 | 8 | 6 | 9 | 10 | 7 |
| Tax % | 26% | 26% | 25% | 27% | 20% | 24% | 13% |
| Net Profit | 12 | 6 | 6 | 4 | 7 | 7 | 6 |
| EPS in Rs | 55.34 | 6.59 | 6.93 | 3.40 | 5.75 | 5.80 | 4.73 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 35 | 37 | 75 | 109 | 147 | 185 |
| Expenses | 33 | 36 | 56 | 88 | 128 | 162 |
| Operating Profit | 2 | 0 | 19 | 21 | 19 | 23 |
| OPM % | 7% | 0.6% | 26% | 19% | 13% | 12% |
| Other Income | 0 | 0 | 0 | 1 | 2 | 4 |
| Interest | 1 | 2 | 2 | 3 | 3 | 8 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 0 | -3 | 15 | 17 | 15 | 16 |
| Tax % | 54% | 2% | 26% | 26% | 22% | 19% |
| Net Profit | 0 | -3 | 11 | 12 | 12 | 13 |
| EPS in Rs | 1.64 | -14.44 | 50.53 | 13.52 | 9.15 | 10.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 39% | 35% | 26% | ||
| Compounded Profit Growth | % | 120% | 5% | 13% | ||
| Stock Price CAGR | % | % | % | -30% | ||
| Return on Equity | % | 25% | 22% | 16% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 9 | 13 | 13 |
| Reserves | -0 | -1 | 12 | 36 | 64 | 77 |
| Borrowings | 18 | 21 | 24 | 25 | 57 | 105 |
| Other Liabilities | 3 | 3 | 19 | 31 | 51 | 35 |
| Total Liabilities | 22 | 26 | 57 | 101 | 184 | 230 |
| Fixed Assets | 10 | 10 | 8 | 9 | 10 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 |
| Other Assets | 13 | 16 | 48 | 91 | 173 | 218 |
| Total Assets | 22 | 26 | 57 | 101 | 184 | 230 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3 | -1 | -1 | 5 | -43 | -17 |
| Cash from Investing Activity | -5 | -1 | -2 | -22 | -1 | -19 |
| Cash from Financing Activity | 9 | 3 | 2 | 17 | 46 | 41 |
| Net Cash Flow | -0 | 1 | -1 | -0 | 2 | 4 |
| Free Cash Flow | -8 | -2 | -2 | 2 | -45 | -21 |
| CFO/OP | -117% | -550% | 16% | 35% | -201% | -57% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 82 | 100 | 178 | 204 | 323 | 273 |
| Inventory Days | 16 | 16 | 0 | |||
| Days Payable | 38 | 38 | ||||
| Cash Conversion Cycle | 60 | 78 | 178 | 204 | 323 | 273 |
| Working Capital Days | 13 | -11 | 11 | 47 | 86 | 105 |
| ROCE % | -5% | 58% | 36% | 18% | 15% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 40.36% | 40.36% | 39.66% | 40.70% |
| FIIs | 0.88% | 0.87% | 0.85% | 0.85% |
| DIIs | 0.01% | 0.00% | 0.00% | 0.00% |
| Public | 58.75% | 58.77% | 59.50% | 58.45% |
| No. of Shareholders | 1,491 | 1,585 | 1,700 | 1,652 |
Fundamentals
Market Cap₹ 56.7 Cr.
Current Price₹ 44.9
Stock P/E4.27
Book Value₹ 71.0
ROCE14.7 %
ROE16.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 54 Cr
Enterprise valueRs 73 Cr
Price to book45.11x
Price to sales1.48x
EV / EBITDA152.03x
EV / sales2.00x
Earnings yield-5.67%
Profitability
Operating margin (excl. other income)0.55%
Operating margin (incl. other income)1.31%
EBITDA margin1.31%
Pre-tax margin-8.37%
Net profit margin-8.39%
ROE-265.80%
ROCE-5.39%
ROA-12.76%
ROIC (approx.)-5.75%
Tax rate-1.96%
Other income / net worth23.33%
Growth
Sales growth (latest year)3.10%
Profit growth (latest year)-1280.77%
Per share
EPS (TTM)Rs -2.43
EPS (latest year)Rs -14.44
Book value per shareRs 0.95
Sales per shareRs 28.98
Cash flow per shareRs -0.96
Free cash flow per shareRs -16.64
Efficiency
Asset turnover1.41x
Fixed asset turnover3.79x
Inventory turnover30.83x
Inventory days12 days
Debtor days100 days
Debtors turnover3.65x
Creditor days38 days
Cash conversion cycle273 days
Working capital days105 days
Leverage
Total debtRs 21 Cr
Cash and bankRs 2 Cr
Net debtRs 19 Cr
Debt to equity17.74x
Net debt / EBITDA39.25x
Interest coverage-0.59x
Owners' fund to total sources4.63%
Debt to assets82.20%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -21 Cr
FCFE (approx.: FCF + change in debt)Rs -18 Cr
Cash from ops / profit, 5 years-1.27x
Statement figures
Net sales (TTM)Rs 37 Cr
Net sales (latest year)Rs 37 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -3 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -3 Cr
Net profit (latest year)Rs -3 Cr
Depreciation (TTM)Rs 2 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 33 Cr
Total expenditure (latest year)Rs 36 Cr
Total income (latest year)Rs 37 Cr
Share capitalRs 2 Cr
ReservesRs -1 Cr
Shareholders' fundsRs 1 Cr
Total assetsRs 26 Cr
Net blockRs 10 Cr
InvestmentsRs 0 Cr
ReceivablesRs 10 Cr
InventoryRs 1 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)1.26
Ownership
Promoter holding40.70%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | K2INFRA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.8% | -2.8% | +5.5 pts |
| 1 month | -13.9% | -6.8% | -7.1 pts |
| 3 months | -32.4% | -7.6% | -24.8 pts |
| 6 months | +3.6% | +0.4% | +3.2 pts |
| 1 year | -36.4% | -9.9% | -26.5 pts |
| 2 years | -82.9% | -13.6% | -69.3 pts |
Red flags
F-score 2 of 8| look | Share dilution Share count up 31% in a year |
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
Mar 2026Sales ₹94 Cr +91.8% vs Mar 2024.
Net profit ₹6 Cr +0.0%.
Against our estimate for Mar 2026: sales -38.2%, profit -49.2% miss.
Activity
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| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
High low price variation greater than 100perc in previous 6 monthsLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of K2 Infragen Ltd?
K2 Infragen Ltd (K2INFRA) has a market capitalisation of Rs 56.7 Cr. at the 2026-10-01 close.
What is the P/E ratio of K2 Infragen Ltd?
K2 Infragen Ltd trades at a P/E of 4.27 on trailing twelve-month profit, at the 2026-10-01 close.
What were K2 Infragen Ltd's latest quarterly results?
In the Mar 2026 quarter, K2 Infragen Ltd sales was Rs 94 Cr (+91.8% vs Mar 2024) and net profit was Rs 6 Cr.
What is the 52-week high and low of K2 Infragen Ltd?
The 52-week high is Rs 82.60 and the 52-week low is Rs 38.60.