MarketFriction

PNC Infratech Ltd

NSE PNCINFRA · BSE 539150 · Civil Construction
₹138.16 +3.74%
NSE close2026-10-01
52 week range116.40 - 297.00
Market cap₹3,343 Cr.
P/E5.51
Microcap 250 Price band 20% Delivery 37.0%

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
Sales1,9112,0472,6002,1681,4271,4701,7041,4231,1281,2011,6171,688
Expenses1,5121,6151,8641,1991,0711,0911,3421,0558759621,3401,165
Operating Profit400432736969356379362367253239277524
OPM %21%21%28%45%25%26%21%26%22%20%17%31%
Other Income21172430374263353194375071
Interest161169183190204224233187129128137124
Depreciation414444404074413126303539
Profit before tax219235533768149124151502292118155432
Tax %32%21%26%25%44%34%50%14%26%35%30%23%
Net Profit14818539657583817543121677108332
EPS in Rs5.777.2115.4322.423.253.172.9416.828.412.994.2012.94
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,8372,2522,4113,7745,6035,7887,2087,9568,6506,7695,3685,634
Expenses2,2141,6471,6482,7684,2754,3665,6746,3566,6454,7034,2314,341
Operating Profit6226057631,0071,3281,4221,5341,6002,0052,0661,1371,293
OPM %22%27%32%27%24%25%21%20%23%31%21%23%
Other Income12392447182107878182172634352
Interest257310309348439426425470660852582518
Depreciation213242262346351363390253177195122130
Profit before tax164922163607197408069571,2491,1921,067996
Tax %-27%-28%-12%2%24%33%28%31%27%32%22%
Net Profit209118243351550497580658909815832732
EPS in Rs8.134.619.4713.7021.4319.3922.6225.6735.4531.7932.4228.54
Dividend Payout %6%11%5%4%2%3%2%2%2%2%2%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%-1%-12%-6%
Compounded Profit Growth-3%-20%-38%50%
Stock Price CAGR1%-19%-29%-56%
Return on Equity14%12%11%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital405151515151515151515151
Reserves8311,3071,4101,6371,9732,5033,0023,5774,2345,1345,9386,762
Borrowings1,6921,6491,9062,0212,7753,5154,1924,7936,2828,0259,3645,170
Other Liabilities5341,8291,8512,1922,4552,4212,3302,2242,0662,4002,7051,875
Total Liabilities3,0974,8355,2195,9027,2548,4909,57510,64512,63215,61018,05913,858
Fixed Assets6832,4472,4052,2792,2341,9781,7971,4821,2911,159992692
CWIP1,482281160300004
Investments9466103169263444579424312511790788
Other Assets8382,3202,7033,4434,7526,0687,1968,74011,03013,94016,27612,375
Total Assets3,0974,8355,2195,9027,2548,4909,57510,64512,63215,61018,05913,858
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity24794285591197525190-499-1,454-231-564,593
Cash from Investing Activity-968-170-202-252-444-230-25225343-250-261-67
Cash from Financing Activity647117-135-211400254631481,0051,067456-4,796
Net Cash Flow-7441-511291535491-326-106586139-270
Free Cash Flow-739-10878460-864366-559-1,510-278-864,763
CFO/OP106%15%49%77%22%53%30%-18%-74%6%17%421%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days52531069050192534506968103
Inventory Days1329467751014558558383154138
Days Payable6682120203120801185975103156143
Cash Conversion Cycle1186652-3731-17-363059496597
Working Capital Days244491615-11-190142234107
ROCE %11%15%13%15%16%21%17%15%15%16%14%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%
FIIs10.78%10.98%11.85%10.83%10.05%6.95%7.10%7.14%6.99%6.95%7.18%7.28%
DIIs28.10%27.24%26.96%26.36%25.50%26.60%26.26%25.90%26.51%26.22%24.55%23.83%
Public5.06%5.72%5.12%6.75%8.39%10.36%10.57%10.91%10.43%10.77%12.21%12.81%
No. of Shareholders79,24392,70698,8971,39,1831,64,0741,98,6451,86,8891,85,0741,77,2441,72,8411,67,1841,63,876

Fundamentals

Market Cap₹ 3,343 Cr.
Current Price₹ 130
Stock P/E5.51
Book Value₹ 266
ROCE7.97 %
ROE2.41 %
Dividend Yield0.46 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)50%
Consolidated figures.
Valuation
Market capRs 3,544 Cr
Enterprise valueRs 6,476 Cr
P/E (TTM)4.84x
Price to book0.52x
Price to sales0.63x
EV / EBITDA3.94x
EV / EBIT4.28x
EV / sales1.15x
Price to cash flow0.77x
Earnings yield20.66%
Dividend yield0.43%
P/E, 3-year average8.41x
P/B, 3-year average1.28x
P/E, 5-year average9.59x
P/B, 5-year average1.48x
Profitability
Operating margin (excl. other income)21.17%
Operating margin (incl. other income)32.98%
EBITDA margin29.20%
Pre-tax margin17.68%
Net profit margin13.00%
Net margin, latest quarter19.66%
ROE12.99%
ROCE12.06%
ROA5.21%
ROE, 3-year average15.60%
ROCE, 3-year average14.14%
ROA, 3-year average5.50%
ROE, 5-year average16.16%
ROCE, 5-year average14.64%
ROA, 5-year average5.58%
ROIC (approx.)12.12%
Tax rate22.04%
Other income / net worth9.30%
Growth
Sales growth (latest year)-20.69%
Profit growth (latest year)2.00%
Sales CAGR, 3 years-12.29%
Sales CAGR, 5 years-1.49%
Profit CAGR, 3 years8.10%
Profit CAGR, 5 years10.83%
Sales growth QoQ4.42%
Profit growth QoQ207.79%
Sales growth YoY (latest quarter)18.67%
Profit growth YoY (latest quarter)-23.05%
Per share
EPS (TTM)Rs 28.55
EPS (latest year)Rs 32.42
EPS (latest quarter)Rs 12.94
EPS, 3-year averageRs 33.22
EPS, 5-year averageRs 29.59
Book value per shareRs 265.59
Sales per shareRs 219.61
Cash flow per shareRs 179.04
Free cash flow per shareRs 185.66
Dividend per share (latest year)Rs 0.60
Dividend per share, 3-year averageRs 0.60
Dividend per share, 5-year averageRs 0.56
Dividends
Dividend payout1.85%
Dividend payout, 3-year average1.81%
Dividend payout, 5-year average1.92%
Efficiency
Asset turnover0.39x
Fixed asset turnover7.76x
Inventory turnover4.77x
Inventory days77 days
Debtor days103 days
Debtors turnover3.56x
Creditor days143 days
Cash conversion cycle97 days
Working capital days107 days
Leverage
Total debtRs 5,170 Cr
Cash and bankRs 2,238 Cr
Net debtRs 2,932 Cr
Debt to equity0.76x
Net debt / EBITDA1.78x
Interest coverage2.92x
Current ratio (filing 2026-03-31)3.72x
Quick ratio (filing 2026-03-31)3.27x
Trade payables (filing 2026-03-31)Rs 790 Cr
Owners' fund to total sources49.16%
Debt to assets37.31%
Cash flow
Cash from Operating Activity (latest year)Rs 4,593 Cr
Cash from Investing Activity (latest year)Rs -67 Cr
Cash from Financing Activity (latest year)Rs -4,796 Cr
Net Cash Flow (latest year)Rs -270 Cr
Free cash flow (latest year)Rs 4,763 Cr
FCFE (approx.: FCF + change in debt)Rs 568 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow1.17x
Statement figures
Net sales (TTM)Rs 5,634 Cr
Net sales (latest year)Rs 5,368 Cr
Sales (latest quarter)Rs 1,688 Cr
Operating profit excl. other income (latest year)Rs 1,137 Cr
Operating profit (latest quarter)Rs 524 Cr
Other income (TTM)Rs 352 Cr
EBITDA (TTM)Rs 1,645 Cr
PBDT (TTM)Rs 1,127 Cr
Profit before tax (TTM)Rs 996 Cr
Tax (latest year)Rs 235 Cr
Net profit (TTM)Rs 732 Cr
Net profit (latest year)Rs 832 Cr
Net profit (latest quarter)Rs 332 Cr
Depreciation (TTM)Rs 130 Cr
Depreciation (latest quarter)Rs 39 Cr
Interest (TTM)Rs 518 Cr
Cost of goods sold (latest year)Rs 3,628 Cr
Total expenditure (latest year)Rs 4,231 Cr
Total income (latest year)Rs 6,002 Cr
Share capitalRs 51 Cr
ReservesRs 6,762 Cr
Shareholders' fundsRs 6,813 Cr
Total assetsRs 13,858 Cr
Net blockRs 692 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 788 Cr
ReceivablesRs 1,509 Cr
InventoryRs 761 Cr
Other liabilitiesRs 1,875 Cr
Shares outstanding (crore)25.65
Ownership
Promoter holding56.07% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 4.8 is at the 1th percentile of its own 9.4-year range (median 12.9, low 4.7, high 44.2).
P/B 0.52 is at the 1th percentile (median 2.15).
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.
PeriodPNCINFRANifty 50Difference
1 week+1.1%-2.8% +3.8 pts
1 month-26.8%-6.8% -20.0 pts
3 months-41.5%-7.6% -33.8 pts
6 months-13.9%+0.4% -14.4 pts
1 year-54.0%-9.9% -44.1 pts
2 years-68.2%-13.6% -54.6 pts
3 years-62.2%+14.2% -76.4 pts
5 years-62.8%+27.9% -90.7 pts
46 mutual fund schemes hold about ₹1,180 Cr. Over three months 39 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.59%246 +36%
HDFC Aggressive Hybrid Fund0.62%138 +41%
Axis Small Cap Fund0.23%72 +32%
UTI Value Fund0.67%64 +40%
Nippon India Small Cap Fund0.07%62 +33%
Nippon India Power & Infra Fund0.65%52 +483%
HSBC Value Fund0.34%52 +2%
ICICI Pru Small Cap Fund0.39%38 +34%
SBI Conservative Hybrid Fund(Q0.37%38 +163%
ICICI Pru Small Cap Fund0.39%37 +34%
Tata Focused Fund1.68%30 +41%
SBI Infrastructure Fund0.59%28 +100%
HDFC Children's Fund(Lock in)0.24%25 +39%
Tata Aggressive Hybrid Fund0.61%25 +31%
Abakkus Small Cap Fund0.78%22 +5%
Tata Infrastructure Fund0.97%20 +46%
UTI Small Cap Fund0.38%20 +35%
HSBC Small Cap Fund0.10%20 -40%
Tata Infrastructure Fund0.97%20 +46%
UTI Multi Cap Fund0.73%16 +32%
UTI ELSS Tax Saver Fund0.45%15 +47%
UTI Infrastructure Fund0.73%15 +60%
Bandhan Infrastructure Fund1.07%15 +48%
HDFC Dividend Yield Fund0.27%15 +43%
Nippon India Balanced Advantage Fund0.15%15 +100%

Red flags

F-score 7 of 8
explainReceivables outrunning sales Receivables grew 20% vs sales -21% in 2026
lookProfit leans on other income Other income was 59% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-10-01: PNC Infratech Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹1,688 Cr +18.6% vs Jun 2025. Net profit ₹332 Cr -23.0%.
Against our estimate for Jun 2026: sales +34.3%, profit +104.6% beat. Our estimate for Sep 2026: sales Rs 1,204 Cr, profit Rs 156 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-23Dividend - Re 0.60 Per Share
2025-09-22Dividend - Re 0.60 Per Share
2024-09-20Annual General Meeting/Dividend - Re 0.60 Per Share
2023-09-22Annual General Meeting/Dividend - Re 0.50 Per Share
2022-09-21Annual General Meeting/Dividend - Rs 0.50 Per Share
2021-09-21 Annual General Meeting/Dividend - Rs 0.50 Per Share
2020-09-22 Annual General Meeting
2020-03-19 Interim Dividend - Rs 0.50 Per Share
2019-09-20 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-09-19 Annual General Meeting/Dividend Re 0.50 Per Share
2017-09-21 Annual General Meeting/ Dividend - Re 0.50 Per Share
2016-09-22 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-08-12 Face Value Split From Rs 10 To Rs 20.2000
2015-09-18 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
DateTypeWhat it says
2026-10-01Change in AuditorsChange in Auditors of the company.
2026-10-01Change in ManagementChange in Management
2026-10-01Shareholder meetingVoting results.
2026-09-30General UpdatesGeneral Updates
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
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
2021-05-13NCLATPNC Infratech Ltd. VS Deepak Maini & Anr.
2020-03-12NCLATPNC Infratech Ltd. VS Deepak Maini & Anr.
2020-02-18NCLATPNC Infratech Ltd. VS Deepak Maini & Anr.
2020-01-24NCLATPNC Infratech Ltd. VS Deepak Maini & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of PNC Infratech Ltd?

PNC Infratech Ltd (PNCINFRA) has a market capitalisation of Rs 3,343 Cr. at the 2026-10-01 close.

What is the P/E ratio of PNC Infratech Ltd?

PNC Infratech Ltd trades at a P/E of 5.51 on trailing twelve-month profit, at the 2026-10-01 close.

What were PNC Infratech Ltd's latest quarterly results?

In the Jun 2026 quarter, PNC Infratech Ltd sales was Rs 1,688 Cr (+18.6% vs Jun 2025) and net profit was Rs 332 Cr.

What is the 52-week high and low of PNC Infratech Ltd?

The 52-week high is Rs 297.00 and the 52-week low is Rs 116.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03