PNC Infratech Ltd.
NSE: PNCINFRA · Civil Construction · sector
₹133.65NSE close 2026-10-26
Key numbers
Market cap₹3,429 cr
Price₹133.65
52w high / low₹291 / ₹116
P/E4.7xSector median 12.2x
P/B0.5xSector median 1.3x
Book value₹265.6
Dividend yield0.45%Sector median 0.76%
ROE11.4%Sector median 10.2%
ROCE12.7%Sector median 12.9%
OPM26.0%Sector median 10.7%
Debt / equity0.76xSector median 0.36x
EV/EBITDA3.8xSector median 8.8x
Interest cover2.9x
Current ratio3.72x
Sales growth 3y-12.3%Sector median +6.7%
Profit growth 3y+8.1%Sector median +5.8%
PEG0.58x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3,025 cr vs borrowings ₹5,151 cr (FY26): borrowings are higher by ₹2,126 cr.
- Operating profit covered interest 2.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 25% of net profit in the last 12 months.
- Debtor days went from 69 (FY24) to 103 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹133.65 on 2026-10-26: -54.1% from the 52-week high, +14.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹446.30 · low ₹133.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,427 | 1,470 | 1,704 | 1,423 | 1,128 | 1,201 | 1,617 | 1,688 |
| EBITDA | 356 | 379 | 362 | 689 | 416 | 238 | 286 | 524 |
| OPM % | 25.0% | 25.8% | 21.3% | 48.4% | 36.9% | 19.9% | 17.7% | 31.0% |
| Other income | 37 | 42 | 63 | 31 | 32 | 38 | 41 | 71 |
| Net profit | 83 | 81 | 75 | 431 | 216 | 77 | 108 | 332 |
| EPS (₹) | 3.25 | 3.17 | 2.94 | 16.81 | 8.41 | 2.99 | 4.20 | 12.94 |
| Revenue YoY | -21.0% | -18.3% | -5.1% | +18.7% | ||||
| Profit YoY | +158.5% | -5.7% | +42.9% | -23.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7,208 | 7,956 | 8,650 | 6,769 | 5,368 | 5,634 |
| EBITDA | 1,533 | 1,600 | 2,005 | 2,066 | 1,629 | 1,463 |
| Net profit | 580 | 658 | 909 | 815 | 832 | 732 |
| EPS (₹) | 22.63 | 25.67 | 35.45 | 31.79 | 32.42 | 28.54 |
| Revenue growth | +10.4% | +8.7% | -21.7% | -20.7% | -6.5% | |
| Profit growth | +13.5% | +38.1% | -10.3% | +2.0% | +9.0% | |
| Dividend / share (₹) | 0.50 | 0.50 | 0.50 | 0.60 | 0.60 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -12.3% | -1.5% | -6.5% |
| Net profit | +8.1% | +10.8% | +9.0% |
| EPS | +8.1% | +10.9% | – |
| Share price | – | -38.4% (2y) | -51.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,285 | 5,185 | 5,989 | 6,813 |
| Borrowings | – | 6,271 | 8,016 | 9,345 | 5,151 |
| Cash & equivalents | – | 1,017 | 1,890 | 2,433 | 3,025 |
| Total assets | – | 12,632 | 15,610 | 18,059 | 13,858 |
| Fixed assets | – | 535 | 475 | 412 | 628 |
| Capital work in progress | – | 0 | – | 0 | 4 |
| Investments | – | 1 | 1 | 1 | 1 |
| Receivables | – | 1,099 | 1,633 | 1,254 | 1,509 |
| Inventory | – | 764 | 765 | 861 | 761 |
| Payables | – | 688 | 953 | 874 | 790 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -499 | -1,454 | -231 | -56 | 4,593 |
| Cash from investing | 25 | 343 | -250 | -261 | -67 |
| Cash from financing | 148 | 1,005 | 1,067 | 456 | -4,796 |
| Capex | 81 | 63 | 51 | 35 | 326 |
| Free cash flow | -580 | -1,517 | -282 | -91 | 4,267 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 15.4% | 17.5% | 13.6% | 12.2% |
| ROCE % | – | 13.5% | 14.5% | 13.3% | 13.8% |
| Debtor days | – | 50 | 69 | 68 | 103 |
| Inventory days | – | 55 | 50 | 82 | 83 |
| Payable days | – | 50 | 62 | 83 | 86 |
| Cash conversion cycle (days) | – | 55 | 57 | 67 | 100 |
| Working capital days | – | 61 | 102 | 165 | 312 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.25% |
| FIIs | 8.36% |
| DIIs | 20.07% |
| of which Mutual funds | 19.69% |
| Public (non-institutions) | 15.32% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.25% |
| Promoter group | % |
|---|---|
| Madhavi Jain | 9.84% |
| Ncj Infrastructure Private Limited | 9.65% |
| Vaibhav Jain | 8.72% |
| Yogesh Jain | 6.55% |
| Pradeep Kumar Jain | 5.98% |
| Ashita Jain | 5.20% |
| Meena Jain | 4.98% |
| Naveen Kumar Jain | 2.88% |
| Chakresh Kumar Jain | 1.76% |
| Abhinandan Jain | 0.68% |
| Naveen Kumar Jain HUF | 0.00% |
| Pradeep Kumar Jain HUF | 0.00% |
| Chakresh Kumar Jain HUF | 0.00% |
| Yogesh Kumar Jain HUF | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Small CAP Fund | 9.46% |
| Nippon Life India Trustee Ltd-a/c Nippon Power & Infra Fund | 3.14% |
| The Master Trust Bank of Japan, Ltd. AS Trustee of HSBC India Infrastructure Equity Mother Fund | 1.68% |
| SBI Conservative Hybrid Fund | 1.62% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small CAP Fund | 1.48% |
1,62,924 shareholders. Pledged: 0.00% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| PNCINFRA | ₹3,429 cr | 4.7x | 0.5x | 11.4% | 12.7% | 26.0% | -12.3% | 0.45% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Road | ₹4,070 cr | 75.8% | ₹417 cr | 10.3% |
| Toll/Annuity | ₹714 cr | 13.3% | ₹505 cr | 70.7% |
| Water | ₹584 cr | 10.9% | ₹92 cr | 15.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-23 | Dividend | Dividend - Re 0.60 Per Share |
| 2025-09-22 | Dividend | Dividend - Re 0.60 Per Share |
| 2024-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.60 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-09-21 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2021-09-21 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-03-19 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2019-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2017-09-21 | Dividend | Annual General Meeting/ Dividend - Re 0.50 Per Share |
| 2016-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2016-08-12 | Split | Face Value Split From Rs 10 To Rs 2 |
| 2015-09-18 | Dividend | Annual General Meeting/ Dividend - Rs 1.50/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction: Construction of Roads & Highways, Water Projects
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | PNCINFRA |
| BSE code | 539150 |
| ISIN | INE195J01029 |
| Face value | ₹2.0 |
| Incorporated | 1999-08-09 |
| Website | https://www.pncinfratech.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.