---
title: "K2 Infragen Ltd (K2INFRA) — Share Price, Financials & Analysis"
symbol: "K2INFRA"
company: "K2 Infragen Ltd"
canonical: "https://tapetide.com/stocks/K2INFRA"
isin: "INE0DEZ01013"
nse_symbol: "K2INFRA"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 58.23
generated_at: "2026-09-13T20:39:09.557Z"
---

# K2 Infragen Ltd (K2INFRA)

Canonical page: https://tapetide.com/stocks/K2INFRA

## Company

- **NSE Symbol:** K2INFRA
- **ISIN:** INE0DEZ01013
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** k2infra.com

## About

Incorporated in 2015, K2 Infragen Ltd 
is in the business of infrastructure and 
auxiliary activities[1]

## Latest Price

- **Price:** ₹47.15
- **Change:** -0.4 (-0.84%)
- **Open:** ₹48
- **Day High:** ₹48.2
- **Day Low:** ₹46.15
- **Previous Close:** ₹47.55
- **Volume:** 8400
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:07.078057Z.

- **Market Cap:** ₹58.23 Cr
- **Classification:** SME
- **P/E (reported):** 4.5
- **Book Value:** ₹70.97
- **Price to Book:** 0.67
- **Dividend Yield:** 0%
- **ROE:** 15.12%
- **ROCE:** 22.35%
- **Debt to Equity:** 1.17
- **Revenue (yearly):** ₹185.24 Cr
- **Net Income:** ₹13.04 Cr
- **EBITDA:** ₹22.75 Cr
- **52-Week High:** ₹82.8
- **52-Week Low:** ₹40.8
- **RSI (14):** 38.72

## Tapetide Score

- **Score:** 52 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 50.29 | 9% |
| growth | 75.89 | 9% |
| momentum | 45.25 | 12% |
| ownership | 68.28 | 24% |
| quality | 46.84 | 22% |
| valuation | 58.94 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.66 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.7%
- Promoter holding has increased by 1.04% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 273 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -936.87% | — | — |
| ebitda margin growth | 342.11% | -12.09% | -38.81% | 763.31% |
| net income growth | 671.43% | 13.39% | 5% | 120% |
| revenue growth | 70.14% | 24.57% | 35% | 39% |
| roce | — | -44.71% | -77.84% | 33.43% |
| roe | — | -45.43% | 41.38% | -22.34% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 3.4 | 5.75 | 5.8 | 4.73 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.28% | 55.28% | 40.36% | 40.36% | 39.66% | 40.7% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.85% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 49.45% | 49.57% | 50.55% | 48.66% |
| Others | 44.72% | 44.72% | 10.19% | 10.07% | 9.79% | 9.8% |
| No. of Shareholders | 0 | 53 | 1292 | 1491 | 1700 | 1652 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 48.28 | Sell |
| EMA (10) | 48.26 | Sell |
| SMA (20) | 49.47 | Sell |
| EMA (20) | 49.53 | Sell |
| SMA (50) | 53.7 | Sell |
| EMA (50) | 52.42 | Sell |
| SMA (100) | 55.31 | Sell |
| EMA (100) | 54.37 | Sell |
| SMA (200) | 56.85 | Sell |
| EMA (200) | 58.05 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.61 | Neutral |
| MACD (12,26,9) | -1.75 | Sell |
| Stochastic (14,3,3) | 34 | Neutral |
| ADX (14) | 36.98 | Buy |
| Williams %R (14) | -70.68 | Neutral |
| ATR (14) | 2.42 | High Volatility |
| ROC (12) | -7.46 | Sell |
| Stoch RSI (14) | 60.28 | Neutral |
| UO (7,14,28) | 40.22 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - Promoter Pankaj Sharma bought 12,000 shares on 09-03-2026 for INR 594,900 via open market. | [Disclosure of material issue 9 March 2026 - Promoter Pankaj Sharma bought 12,000 shares on 09-03-2026 for INR 594,900 via open market.](https://nsearchives.nseindia.com/corporate/K2INFRA_09032026162956_DisclosurePITRegulations09032026.pdf) |
| 9 June 2026 - K2 InfraGen appoints Sanjay Gupta as Senior Vice President effective June 1, 2026. | [Press Release 9 June 2026 - K2 InfraGen appoints Sanjay Gupta as Senior Vice President effective June 1, 2026.](https://nsearchives.nseindia.com/corporate/K2INFRA_09062026153318_PressRelease09062026.pdf) |
| 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=K2INFRA&tabIndex=sme) |
| 7 Sep - 11th AGM on Sept 29, 2026; shareholders to vote on 500 crore borrowing and security limit increases. | [Shareholders meeting 7 Sep - 11th AGM on Sept 29, 2026; shareholders to vote on 500 crore borrowing and security limit increases.](https://nsearchives.nseindia.com/corporate/K2INFRA_07092026131550_NoticeofAGM29092026signed.pdf) |
| 6 May 2026 - K2 Infragen wins INR 27 crore Rajasthan transmission line turnkey order, to complete in 15 months. | [Press Release 6 May 2026 - K2 Infragen wins INR 27 crore Rajasthan transmission line turnkey order, to complete in 15 months.](https://nsearchives.nseindia.com/corporate/K2INFRA_06052026225705_PressReleaseK2Infragen27CroreRRVPNL.pdf) |
| 6 May 2026 - K2 Infragen bagged ₹27 crore Rajasthan transmission line order, executable in 15 months. | [Bagging/Receiving of orders/contracts 6 May 2026 - K2 Infragen bagged ₹27 crore Rajasthan transmission line order, executable in 15 months.](https://nsearchives.nseindia.com/corporate/K2INFRA_06052026231000_BaggingofOrderDisclosureReg30.pdf) |
| 5 March 2026 - Promoter-director Pankaj Sharma bought 6,000 shares on 04-03-2026 for ~₹311,070. | [Disclosure of material issue 5 March 2026 - Promoter-director Pankaj Sharma bought 6,000 shares on 04-03-2026 for ~₹311,070.](https://nsearchives.nseindia.com/corporate/K2INFRA_05032026122147_DisclosurePITRegulations05032026.pdf) |
| 5 June 2026 - Company to hold virtual investors/analysts meet on June 10, 2026 at 4:00 PM IST. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 June 2026 - Company to hold virtual investors/analysts meet on June 10, 2026 at 4:00 PM IST.](https://nsearchives.nseindia.com/corporate/K2INFRA_05062026172211_InvestorVirtualMeet10062026signed.pdf) |
| 5 Aug - Acuité assigns ACUITE BBB-/Stable and A3 ratings for Rs.200 crore bank facilities. | [Press Release 5 Aug - Acuité assigns ACUITE BBB-/Stable and A3 ratings for Rs.200 crore bank facilities.](https://nsearchives.nseindia.com/corporate/K2INFRA_05082026085619_PressReleaseCreditRatingK2Infragen.pdf) |
| 30 May 2026 - Submitted FY2026 SDD compliance certificate; 14 required events captured, no noncompliance. | [Structural Digital Database 30 May 2026 - Submitted FY2026 SDD compliance certificate; 14 required events captured, no noncompliance.](https://nsearchives.nseindia.com/corporate/K2INFRA_30052026151529_SDDComplianceCertificate31032026signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31673_K2INFRA_2025_2026_A_5724538_07092026132307.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28488_K2INFRA_2024_2025_A_8787027_04092025200844.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/K2INFRA_08052025121157_InvestorPresentation.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://nsearchives.nseindia.com/corporate/K2INFRA_20032025090147_Investor_presentation.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/K2INFRA_26062025225223_InvestorPresentationK2InfragenJune2025.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/K2INFRA_04122025123548_InvestorPresentationH1FY2526.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:39:09.557Z.