āagman

Not investment advice. Data and computed figures, for information only.

PNC Infratech Ltd

NSE: PNCINFRA
₹143.01
−₹5.61 (−3.77%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,457 Cr
CMP
₹143.01
52-wk High / Low
₹292 / 116
P/E
5.7
P/B
0.5
Book Value
₹266.0
Div Yield
0.45%
ROCE
8.0%
ROE
2.4%
Face Value
₹2
D/E
0.76

Price−50.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹440
√(22.5 × EPS × book value per share)
ROIC
6.6%
vs 11.1% sector median
Cash flow to profit
5.52
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+525
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
2.3%
ROE × earnings retention ratio
ROE stability
1.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.10DII −0.72
Latest quarter vs the previous one
Cash-accrual divergence
−23.6%
of assets
Low = accruals track cash flow
Strengths
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 5.7x is below the sector median of 21x
Watch-outs
−Latest ROCE of 8% trails the sector median of 17%
−Borrowings are up 213.5% since FY2016 (1649 to 5170)
−Price trades below its 200-day moving average (0.7x)
−Price is 51.0% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,0921,9112,0472,6002,1681,4271,4701,7041,4231,1281,2011,6171,688
Expenses1,6551,5121,6151,8641,1991,0711,0911,3421,0558759621,3401,165
Operating Profit436400432736969356379362367253239277524
OPM %20.8%20.9%21.1%28.3%44.7%24.9%25.8%21.2%25.8%22.4%19.9%17.1%31.0%
Other Income2021172430374263353194375071
Interest147161169183190204224233187129128137124
Depreciation48414444404074413126303539
Profit before tax262219235533768149124151502292118155432
Net Profit18114818539657583817543121677108332
EPS (₹)7.045.777.2115.4322.423.253.172.9416.828.412.994.2012.94

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,8612,8372,2522,4113,7745,6035,7887,2087,9568,6506,7695,3685,634
Expenses1,5812,2141,6471,6482,7684,2754,3665,6746,3566,6454,7034,2314,341
Operating Profit2806226057631,0071,3281,4221,5341,6002,0052,0661,1371,293
OPM %15.0%21.9%26.9%31.6%26.7%23.7%24.6%21.3%20.1%23.2%30.5%21.2%22.9%
Other Income1212392447182107878182172634352
Interest93257310309348439426425470660852582518
Depreciation60213242262346351363390253177195122130
Profit before tax139164922163607197408069571,2491,1921,067996
Net Profit91209118243351550497580658909815832732
EPS (₹)4.598.134.619.4713.7021.4319.3922.6225.6735.4531.7932.4228.54

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
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

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.015.013.015.016.021.017.015.015.016.014.08.0
ROE %———————————2.4
EPS (₹)4.598.134.619.4713.7021.4319.3922.6225.6735.4531.7932.42
Book Value (₹)———————————266.0
Face Value (₹)———————————2
P/E———————————5.7
Div Yield %———————————0.45
NPM %4.97.35.210.09.29.58.48.08.210.411.713.9
OPM %15.022.027.032.027.024.025.021.020.023.031.021.0
D/E1.941.211.301.201.371.381.371.321.471.551.560.76
P/B———————————0.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years−1.0%
3 years−12.0%
TTM−6.0%
Compounded profit growth
10 years−3.0%
5 years−20.0%
3 years−38.0%
TTM+50.0%
Stock price CAGR
10 years+1.0%
5 years−18.0%
3 years−28.0%
Last year−53.0%
Return on equity
10 years14.0%
5 years12.0%
3 years11.0%
Last year2.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
FIIs4.35%4.35%5.82%6.33%6.37%10.79%9.99%9.52%11.85%7.10%7.18%7.28%
DIIs21.83%21.83%21.55%21.95%23.81%27.71%26.83%29.39%26.96%26.26%24.55%23.83%
Government————————————
Public17.75%17.75%16.56%15.65%13.75%5.43%7.11%5.03%5.12%10.57%12.21%12.81%
No. of shareholders18,64918,64919,56722,95726,09060,94077,87977,01498,8971,86,8891,67,1841,63,876
Change since Jun 2023 (pp)
Promoters +0.00FIIs +2.93DIIs +2.00Public −4.94

Documents

As of 11 Oct 2026
Announcements
Incorporation Of A Subsidiary Company In Republic Of Kazakhstan By PNC Infratech LimitedAnnouncement under Regulation 30 (LODR)-Meeting UpdatesShareholder Meeting / Postal Ballot-Scrutinizer''s ReportIntimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015-Outcome Of General MeetingAnnouncement under Regulation 30 (LODR)-Meeting Updates
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPT

Corporate actions

As of 23 Sep 2026
23 Sep 2026DIVIDENDDividend - Re 0.60 Per Share—
22 Sep 2025DIVIDENDDividend - Re 0.60 Per Share—
20 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Re 0.60 Per Share—
22 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Re 0.50 Per Share—
21 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 0.50 Per Share—
21 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.50 Per Share—
19 Mar 2020DIVIDEND Interim Dividend - Rs 0.50 Per Share—
20 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.50 Per Share—
19 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 0.50 Per Share—
21 Sep 2017DIVIDEND Annual General Meeting/ Dividend - Re 0.50 Per Share—
22 Sep 2016DIVIDEND Annual General Meeting/Dividend - Re 0.50 Per Share—
12 Aug 2016SPLIT Face Value Split From Rs 10 To Rs 210 : 2
18 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 1.50/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman