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← CockpitCompetitor Analysis › AFCONS.NS Afcons InfrastructureOpen in the cockpit ↗

Afcons InfrastructureAFCONS.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Engineering & Construction
Momentum laggard 5
Mkt cap
$841M
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$1.33M
20-day average traded
Fwd P/E
25.2×
forward earnings
ROIC−WACC
-8.6 pp
WACC 11.8%
Hurdle
n/a
no reverse DCF
Next earnings
100 days
14 Feb 2027
Close · INR₹215.88
1D-1.6%
1W+4.8%
1M-11.7%
3M-22.6%
6M-35.9%
YTD-44.2%
1Y-52.1%
ATR %4.4%
Beta0.72
52w lowhigh52.6% off high

What Afcons Infrastructure does

Employees: 35,332

Afcons Infrastructure at a glance

Size Afcons Infrastructure (AFCONS.NS) is an India Industrials company (Engineering & Construction) with a market value of $841M, the 651st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹215.88 on 6 Nov 2026.

Performance Over six months the shares fell 35.9%, against -18.9% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue fell 14.8% over the last twelve months (peer median +2.0%); the operating margin is 3.9% (peer median 8.7%).

Valuation It trades at 25.2× forward earnings against a peer median of 10.6× (most expensive of 13).

Capital Return on invested capital runs 8.6 points below its cost of capital (11.8% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 82AFCONS.NS 63
Six months, rebased to 100: Afcons Infrastructure against the median of its 20 peers (local-currency closes).

Afcons Infrastructure financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹109B₹119B₹125B₹133B₹126B
Revenue growth—-5%-5%+5%—
Gross profit₹18.1B₹20.9B₹20.3B₹20.4B₹17.6B
EBITDA₹7.96B₹12.9B₹16.0B₹14.0B₹13.4B
Net income₹805M₹2.52B₹4.87B₹4.50B₹4.11B
Free cash flown/a-₹10.5B-₹8.31B-₹5.67B-₹1.40B
Capital expendituren/a₹3.72B₹3.44B₹7.16B₹9.19B
Total debt₹48.5B₹36.3B₹23.4B₹25.2B₹16.1B

Quarterly statements and history in the cockpit →

Afcons Infrastructure competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%1835603257TSKFBYD002307600106605178NXT60315330098319520737GRINFRA000090601789COSTGNG1968ICOPGRKAFCONS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Afcons Infrastructure is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%10×20×1835603257NXT19520737000090COSTGNG1968ICOPGRKAFCONS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Afcons Infrastructure is the large dot.

Afcons Infrastructure competitors and peer comparison

How Afcons Infrastructure compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Afcons Infrastructure against its 20 peers (data as of 6 Nov 2026)
MeasureAFCONS.NSPeer medianRank in peer set
1-month return-11.7%-8.1%6th lowest of 21
6-month return-35.9%-18.9%2nd lowest of 21
Distance from 52-week high-52.6%-34.0%3rd lowest of 21
Revenue growth (TTM)-14.8%+2.0%3rd lowest of 21
Operating margin3.9%8.7%6th lowest of 21
Forward P/E25.2×10.6×most expensive of 13
ROIC minus cost of capital-8.6 pp-0.0 pp4th lowest of 20
EV / EBITDA15.2×7.5×2nd most expensive of 11
Net debt / EBITDA5.2×-1.1×most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Afcons Infrastructure AFCONS.NSIndia$841M-36%-15%4%25.2×n/an/a
Totetsu Kogyo 1835.TJapan$841M-30%0%11%9.9×-11.6%+4.2%
China Nerin Engineering 603257.SSChina$851M-21%-21%10%23.4×15.4%+5.6%
TSK Electronica y Electricidad TSK.MCSpain$831M+10%+1%6%n/a9.9%+0.9%
Falcon's Beyond Global FBYDUnited States$831M-41%+181%-67%n/an/an/a
Xinjiang Beixin Road & Bridge 002307.SZChina$861M-19%-22%8%n/an/an/a
Chongqing Road & Bridge 600106.SSChina$821M-31%-10%65%n/a32.7%-11.6%
Beijing New Space Technology 605178.SSChina$861M-18%0%-51%n/an/an/a
Next Geosolutions Europe NXT.MIItaly$861M+22%+68%17%12.7×n/an/a
Shanghai Research Institute of Building Sciences 603153.SSChina$820M-22%+10%8%n/a-6.2%+12.6%
Shanghai Urban Architecture Design 300983.SZChina$866M+5%-7%-58%n/an/an/a
Shin Nippon Air Technologies 1952.TJapan$803M-25%+11%9%8.7×1.3%+7.6%
Shenzhen Investment Holdings Bay Area Development 0737.HKHong Kong$803M-4%+11%30%8.9×14.6%-2.4%
G R Infraprojects GRINFRA.NSIndia$803M-21%+25%16%8.9×n/an/a
Shenzhen Tagen 000090.SZChina$883M-11%+1%0%7.7×13.8%+5.6%
Ningbo Construction 601789.SSChina$885M-34%+10%2%n/an/an/a
Costain COST.LUnited Kingdom$890M+30%-6%5%16.5×0.1%+1.3%
GR Engineering Services GNG.AXAustralia$891M+40%+3%11%18.3×14.9%+4.7%
Taihei Dengyo Kaisha 1968.TJapan$899M-22%+19%11%11.2×n/an/a
I.CO.P ICOP.MIItaly$901M-6%+138%11%17.1×n/an/a
GRK Infra GRK.HEFinland$903M+30%-7%8%10.0×-1.5%+24.6%

Questions

Which companies are Afcons Infrastructure's closest peers?
The cockpit's peer set: Totetsu Kogyo (1835.T), China Nerin Engineering (603257.SS), TSK Electronica y Electricidad (TSK.MC), Falcon's Beyond Global (FBYD), Xinjiang Beixin Road & Bridge (002307.SZ), Chongqing Road & Bridge (600106.SS), Beijing New Space Technology (605178.SS), Next Geosolutions Europe (NXT.MI).
Is Afcons Infrastructure expensive compared with its peers?
On forward p/e it trades at 25.2× against a peer median of 10.6×, most expensive of 13 in its peer set.
How has Afcons Infrastructure stock performed?
Over six months to 6 Nov 2026 the shares returned -35.9% against -18.9% for the median peer; over one year -52.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.