PNC Infratech Ltd logo

PNC Infratech Ltd

PNCINFRA NSE

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹5,443 Cr
Volatility
Moderate
P/E Ratio
7.5
EBITDA
₹1,137 Cr
Return on Equity
13.62%
Debt to Equity
0.76
Book Value
₹265.59
EPS
₹50.83
52W High
₹325
52W Low
₹158.17

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Stock is trading at 0.81 times its book value

Weaknesses

6
  • The company has delivered a poor sales growth of -1.49% over past five years.
  • Company has a low return on equity of 12.6% over last 3 years.
  • Contingent liabilities of Rs.3,595 Cr.
  • Dividend payout has been low at 1.81% of profits over last 3 years
  • Debtor days have increased from 79.7 to 103 days.
  • Working capital days have increased from 72.1 days to 160 days

Growth Rate

Revenue Growth
-22.66% ↘
Net Income Growth
6.80% ↘
Cash Flow Change
75.73% ↗
ROE
-22.35% ↘
ROCE
-8.89% ↘
EBITDA Margin (Avg.)
-41.25% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

PNC Infratech trades at a PE of 7.4x and 0.90x book value with a market cap of Rs.6,134 Cr, reflecting significant de-rating after a TTM sales decline of 21% and profit decline of 42%. The company has reduced debt but faces deteriorating working capital cycles and elevated contingent liabilities of Rs.3,595 Cr.

Bull Case 7
  • Stock trades at 0.90x price-to-book, below its book value, suggesting deep valuation discount relative to assets
  • PE ratio of 7.4x is significantly below infrastructure sector averages, pricing in substantial pessimism
  • Company has actively reduced debt, improving balance sheet strength
  • 10-year compounded profit growth of 8% and sales growth of 7% demonstrate long-term execution capability
  • 5-year average ROE of 14% and 10-year average ROE of 15% indicate historically strong capital efficiency
  • Stock has declined 24% over the past year, potentially offering a contrarian entry if fundamentals stabilize
  • Infrastructure sector benefits from continued government capex push on highways and roads in India
Bear Case 8
  • TTM sales declined 21% and TTM profit declined 42%, showing sharp deterioration in business momentum
  • Working capital days have surged from 72.1 to 160 days, indicating severe cash conversion stress and potential liquidity strain
  • Contingent liabilities of Rs.3,595 Cr represent roughly 59% of market cap, posing material risk if crystallized
  • Debtor days increased from 79.7 to 103 days, reflecting delayed collections from clients
  • Last year ROE collapsed to 7% from a 3-year average of 13%, signaling declining profitability
  • Low interest coverage ratio indicates vulnerability to debt servicing pressures
  • Earnings quality is questionable with Rs.634 Cr of other income included in profits
  • Dividend payout of only 1.81% of profits over last 3 years shows minimal shareholder returns despite 0.25% yield

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 1
  • HAM pacts worth Rs 3483 Cr Jul 17

    PNC Infratech signed concession agreements with NHAI for two HAM projects worth Rs 3483 crore, involving construction of 4-lane highways in Uttar Pradesh.

TL;DR: PNC Infratech is actively expanding its order book with significant NHAI highway awards, reinforcing its position in the infrastructure construction space. No visible headwinds from recent news. The Rs 3483 crore HAM win signals continued revenue visibility and government capex momentum, suggesting an improving trend for near-term execution.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,092
1,911
2,047
2,600
2,168
1,427
1,470
1,704
1,423
1,128
1,201
1,617
1,688
Expenses
1,655
1,512
1,615
1,864
1,199
1,071
1,091
1,342
1,055
875
962
1,340
1,165
Operating Profit
436
400
432
736
969
356
379
362
367
253
239
277
524
OPM %
21%
21%
21%
28%
45%
25%
26%
21%
26%
22%
20%
17%
31%
Other Income
20
21
17
24
30
37
42
63
353
194
37
50
71
Interest
147
161
169
183
190
204
224
233
187
129
128
137
124
Depreciation
48
41
44
44
40
40
74
41
31
26
30
35
39
PBT
262
219
235
533
768
149
124
151
502
292
118
155
432
Tax %
31%
32%
21%
26%
25%
44%
34%
50%
14%
26%
35%
30%
23%
Net Profit
181
148
185
396
575
83
81
75
431
216
77
108
332
EPS in Rs
7.04
5.77
7.21
15.43
22.42
3.25
3.17
2.94
16.82
8.41
2.99
4.2
12.94
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,861
2,837
2,252
2,411
3,774
5,603
5,788
7,208
7,956
8,650
6,769
5,368
5,634
Expenses
1,581
2,214
1,647
1,648
2,768
4,275
4,366
5,674
6,356
6,645
4,703
4,231
4,341
Operating Profit
280
622
605
763
1,007
1,328
1,422
1,534
1,600
2,005
2,066
1,137
1,293
OPM %
15%
22%
27%
32%
27%
24%
25%
21%
20%
23%
31%
21%
23%
Other Income
12
12
39
24
47
182
107
87
81
82
172
634
352
Interest
93
257
310
309
348
439
426
425
470
660
852
582
518
Depreciation
60
213
242
262
346
351
363
390
253
177
195
122
130
PBT
139
164
92
216
360
719
740
806
957
1,249
1,192
1,067
996
Tax %
34%
-27%
-28%
-12%
2%
24%
33%
28%
31%
27%
32%
22%
—
Net Profit
91
209
118
243
351
550
497
580
658
909
815
832
732
EPS in Rs
4.59
8.13
4.61
9.47
13.7
21.43
19.39
22.62
25.67
35.45
31.79
32.42
28.54
Div. Payout %
7%
6%
11%
5%
4%
2%
3%
2%
2%
2%
2%
2%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
40
51
51
51
51
51
51
51
51
51
51
51
Reserves
831
1,307
1,410
1,637
1,973
2,503
3,002
3,577
4,234
5,134
5,938
6,762
Borrowings
1,692
1,649
1,906
2,021
2,775
3,515
4,192
4,793
6,282
8,025
9,364
5,170
Other Liabilities
534
1,829
1,851
2,192
2,455
2,421
2,330
2,224
2,066
2,400
2,705
1,875
Total Liabilities
3,097
4,835
5,219
5,902
7,254
8,490
9,575
10,645
12,632
15,610
18,059
13,858
Fixed Assets
683
2,447
2,405
2,279
2,234
1,978
1,797
1,482
1,291
1,159
992
692
CWIP
1,482
2
8
11
6
0
3
0
0
0
0
4
Investments
94
66
103
169
263
444
579
424
312
511
790
788
Other Assets
838
2,320
2,703
3,443
4,752
6,068
7,196
8,740
11,030
13,940
16,276
12,375
Total Assets
3,097
4,835
5,219
5,902
7,254
8,490
9,575
10,645
12,632
15,610
18,059
13,858
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
247
94
285
591
197
525
190
-499
-1,454
-231
-56
4,593
Investing
-968
-170
-202
-252
-444
-230
-252
25
343
-250
-261
-67
Financing
647
117
-135
-211
400
254
63
148
1,005
1,067
456
-4,796
Net Cash Flow
-74
41
-51
129
153
549
1
-326
-106
586
139
-270
Free Cash Flow
-739
-108
78
460
-86
436
6
-559
-1,510
-278
-86
4,763
CFO/OP
106
15
49
77
22
53
30
-18
-74
6
17
421
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52
53
106
90
50
19
25
34
50
69
68
103
Inventory Days
132
94
67
75
101
45
58
55
83
83
154
83
Days Payable
66
82
120
203
120
80
118
59
75
103
156
86
Cash Conversion Cycle
118
66
52
-37
31
-17
-36
30
59
49
65
100
Working Capital Days
2
44
49
16
15
-11
-19
0
14
22
34
160
ROCE %
11%
15%
13%
15%
16%
21%
17%
15%
15%
16%
14%
8%

Shareholding Pattern

As of Jun 2026
Promoters 56.07%
DIIs 23.83%
Public 10.39%
FIIs 7.28%
Others 2.42%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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%
56.07%
56.07%
56.07%
56.07%
56.07%
56.07%
56.07%
56.07%
56.07%
56.07%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.78%
10.98%
11.85%
10.83%
10.05%
6.95%
7.10%
7.13%
6.99%
6.95%
7.17%
7.28%
DIIs
27.55%
29.15%
28.30%
28.89%
26.81%
28.57%
29.09%
29.58%
29.39%
28.37%
28.10%
27.24%
26.96%
26.36%
25.50%
26.61%
26.26%
25.90%
26.51%
26.21%
24.55%
23.83%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
4.32%
4.13%
3.50%
3.49%
6.39%
4.24%
4.33%
4.19%
4.27%
4.37%
4.25%
4.83%
4.42%
5.84%
7.42%
9.06%
8.83%
9.14%
8.85%
9.25%
10.08%
10.39%
Others
12.06%
10.65%
12.12%
11.54%
10.72%
11.13%
10.50%
10.16%
10.27%
11.19%
0.80%
0.88%
0.71%
0.90%
0.97%
1.31%
1.74%
1.76%
1.58%
1.52%
2.12%
2.42%
No. of Shareholders
0
60,940
61,175
50,054
62,454
77,879
78,222
76,840
77,014
75,530
79,243
92,706
98,897
1,39,183
1,64,074
1,98,645
1,86,889
1,85,074
1,77,244
1,72,841
1,67,184
1,63,876

Documents

Frequently Asked Questions about PNC Infratech Ltd

What does PNC Infratech Ltd do?
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,...
Where is PNC Infratech Ltd (PNCINFRA) listed?
PNC Infratech Ltd is listed on the Indian stock exchanges. It is listed on NSE: PNCINFRA and BSE: 539150. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PNC Infratech Ltd belong to?
PNC Infratech Ltd operates in the Construction sector within the Civil Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PNC Infratech Ltd?
PNC Infratech Ltd has a market capitalisation of approximately ₹5442.73 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of PNC Infratech Ltd?
The Price-to-Earnings (PE) ratio of PNC Infratech Ltd is 7.50. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of PNC Infratech Ltd?
Over the past 52 weeks, PNC Infratech Ltd has traded between a low of ₹158.17 and a high of ₹325. This range helps investors understand the stock's price volatility and recent trading levels.
Does PNC Infratech Ltd pay dividends?
Yes, PNC Infratech Ltd has a dividend yield of 0.28%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of PNC Infratech Ltd?
PNC Infratech Ltd has a Return on Equity (ROE) of 13.62%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PNC Infratech Ltd on Tapetide?
On Tapetide, you can view PNC Infratech Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website pncinfratech.com
CEO Mr. Pradeep Kumar Jain
Employees 6,191
Listed 2015-05-26
Face Value ₹ 2
Issued Size 25,65,39,165

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