On 6 Nov 2026, A2Z Infra Engineering was priced at ₹13.09, or 65.5× trailing earnings, against an industry P/E of 16.4×, and the shares are 32% below their 52-week high. Sales grew 3.4% a year over 3 years, with ROCE of 19% and ROE of 9.2%. Debt is 3.02× equity. It is a small-cap company with a market cap of ₹232 Cr, ranked 95th of 156 Engineering & Construction companies by market cap; the shares fell 23% over the past year.
- ₹13.09
- ₹13.40
- ₹12.70
- ₹13.09
- 73.7K
Health check
- ReturnsBehind
−22.5% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 65.5 vs industry 16.4.
- GrowthSlow
Sales +3.4% a year over 3 years.
- ProfitabilityAverage
ROCE 18.7% vs peer median 19.9%.
- Balance sheetStretched
Debt 3.02× equity, interest covered 2.1×, Piotroski 4 of 9.
- Red flags5 to check
Debt is 3.02× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹232 Cr
- Small cap
- P/E
- 65.5
- Industry 16.4
- Price to book
- 4.67
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 9.2%
- Peers 17.9%
- ROCE
- 18.7%
- Peers 19.9%
- Debt to equity
- 3.02
- Debt ₹97 Cr
- EPS (TTM)
- ₹0.20
- Face value ₹10
- OPM (TTM)
- −0.3%
- Net margin 1.0%
- Sales growth
- −24.4%
- Latest quarter vs a year ago
- Profit growth
- −94.8%
- Latest quarter vs a year ago
- Price to sales
- 0.64
- EV/EBITDA 46.7
Strengths and risks
Risks to check
- Debt is 3.02× equity.
- Quarterly profit down 94.8% on a year ago.
- Quarterly sales down 24.4% on a year ago.
- P/E of 65.5 against an industry P/E of 16.4.
- 32% below its 52-week high.
About A2Z Infra Engineering
A2Z Infra Engineering Limited offers engineering, procurement, and construction (EPC) and facility management services in India and internationally. it operates through the Engineering Services (ES), Facility Management Services, Municipal Solid Waste Management, and Others segments. The company provides EPC solutions, including distribution, transmissions, substation, feeder renovation, rural and railway electrification, IT application, renewable energy…
- Headquarters
- Gurugram
- Employees
- 3,814
- Sector
- Industrials
- ISIN
- INE619I01012
- Website
- a2zgroup.co.in
Price range
- Avg volume (3M)
- 2.6 L
- 1-year return
- minus 22.5%
- From 52-week high
- minus 32.5%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.3% | 0.38 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 20.6 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,429 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| A2ZINFRAA2Z Infra Engineering | 13.09 | 0.00% | 232 | 65.5 | 24.4 | 18.7% | 0.7% | 3.02 | 3.4% | minus 22.5% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.38 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 90.5 | 94.7 | 109 | 92.2 | 68.5 | |
| 86.2 | 92.7 | 109 | 95.4 | 67.8 | |
| 4.3 | 2 | −0.5 | −3.1 | 0.6 | |
| 4.7% | 2.1% | −0.4% | −3.4% | 0.9% | |
| 3.1 | 4 | 7.2 | 8 | 3.2 | |
| 1.5 | 1.7 | 2 | 2.2 | 2.4 | |
| 1.3 | 1.2 | 1.2 | 1.1 | 1.1 | |
| −3.1 | −4 | −3.4 | 5.3 | – | |
| 1.6 | −0.9 | 0.2 | 6.8 | 0.3 | |
| 63.9% | −56.2% | 471.2% | 1.9% | 107.6% | |
| 0.7 | −1.7 | −0.6 | 6 | 0 | |
| 0.04 | -0.10 | -0.04 | 0.34 | – |
Profit & loss
- Sales CAGR 3Y
- +3.4%
- ROE
- 9.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 349 | 388 | 336 | 386 | |
| – | +11.2% | minus 13.4% | +14.9% | |
| 347 | 437 | 313 | 376 | |
| 2.4 | −48.6 | 22.8 | 10.3 | |
| 0.7% | −12.5% | 6.8% | 2.7% | |
| 34.8 | 1.9 | 4.5 | 10.8 | |
| 12 | 5.2 | 7.1 | 6.7 | |
| 8.8 | 5.2 | 4.9 | 4.8 | |
| −123 | 52.5 | −5.2 | −2 | |
| −106 | −4.6 | 10 | 7.7 | |
| −18.7% | −60.3% | 89.7% | 31.6% | |
| −123 | −5.7 | 9 | 4.4 | |
| -6.98 | -0.32 | 0.51 | 0.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 176 | 176 | 176 | 176 | |
| −138 | −144 | −131 | −127 | |
| 313 | 198 | 91.6 | 96.6 | |
| 639 | 453 | 362 | 315 | |
| 991 | 683 | 498 | 461 | |
| 96.3 | 102 | 55.9 | 35 | |
| 322 | 330 | 286 | 328 | |
| 5 | 5 | 4.7 | 0.5 | |
| 112 | 101 | 82.9 | 76.3 | |
| 455 | 145 | 68.5 | 21.3 | |
| 991 | 683 | 498 | 461 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 55.1 | 95.3 | 54.2 | −16.6 | |
| −7 | −10.5 | −12.4 | 11.1 | |
| −46.6 | −94 | −39.2 | 5.1 | |
| 1.5 | −9.2 | 2.5 | −0.5 | |
| −6.6 | −10.7 | −3.3 | −1.7 | |
| 48.5 | 84.7 | 50.9 | −18.3 |
Shareholding pattern
- Promoters27.92%
- Public72.08%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 27.92% | 72.08% | 0.00 | |
| 30 Jun 2026 | 27.92% | 72.08% | minus 0.22 | |
| 31 Mar 2026 | 28.14% | 71.86% | 0.00 | |
| 31 Dec 2025 | 28.14% | 71.86% | 0.00 | |
| 30 Sep 2025 | 28.14% | 71.86% | – |
Major shareholders
Filings & events
News
No recent news coverage found.