As of 6 Nov 2026, PNC Infratech trades at 5.3× trailing earnings, below the industry P/E of 16.4×, and the shares are 55% below their 52-week high. Sales fell 14% a year over 3 years while net profit grew 8.1%, with ROCE of 13% and ROE of 9.1%. Debt is 0.82× equity, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹3,340 Cr, ranked 29th of 156 Engineering & Construction companies by market cap; the shares fell 54% over the past year.
- ₹129.00
- ₹130.78
- ₹126.66
- ₹129.32
- 5.6 L
Health check
- ReturnsBehind
−54.1% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 5.3 vs industry 16.4.
- GrowthSlow
Sales −14.0%, profit +8.1% a year over 3 years.
- ProfitabilityWeak
ROCE 13.3% vs peer median 19.9%.
- Balance sheetStretched
Debt 0.82× equity, interest covered 0.9×.
- Red flags3 to check
Quarterly profit down 46.8% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,340 Cr
- Small cap
- P/E
- 5.3
- Industry 16.4
- Price to book
- 0.46
- Peers 4.92
- Dividend yield
- 0.46%
- ROE
- 9.1%
- Peers 17.9%
- ROCE
- 13.3%
- Peers 19.9%
- Debt to equity
- 0.82
- Debt ₹5,929 Cr
- EPS (TTM)
- ₹24.60
- Face value ₹2
- OPM (TTM)
- 22.6%
- Net margin 10.8%
- Sales growth
- +17.3%
- Latest quarter vs a year ago
- Profit growth
- −46.8%
- Latest quarter vs a year ago
- Price to sales
- 0.57
- EV/EBITDA 4.7
Strengths and risks
Strengths
- Quarterly sales up 17.3% on a year ago.
- P/E of 5.3 against an industry P/E of 16.4.
Risks to check
- Quarterly profit down 46.8% on a year ago.
- 55% below its 52-week high.
- Interest coverage of only 0.9×.
About PNC Infratech
PNC Infratech Limited, together with its subsidiaries, engages in the investment, development, construction, operation, and management of infrastructure projects in India. The company undertakes various infrastructure projects, including roads, highways, bridges, flyovers, power transmission lines, airport runways and pavements, rural drinking water supply, irrigation, industrial area development, rail freight corridors, and other infrastructure projects.…
- Headquarters
- Agra
- Employees
- 4,990
- Sector
- Industrials
- ISIN
- INE195J01029
- Website
- pncinfratech.com
Price range
- Avg volume (3M)
- 25.3 L
- 1-year return
- minus 54.1%
- From 52-week high
- minus 55.3%
Analyst consensus
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% |
| PNCINFRAPNC Infratech | 130.20 | plus 0.68% | 3,340 | 5.3 | – | – | 18.0% | 0.82 | – | minus 54.1% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,128 | 1,201 | 1,617 | 1,688 | 1,322 | |
| 875 | 962 | 1,340 | 1,165 | 1,044 | |
| 253 | 239 | 277 | 524 | 279 | |
| 22.4% | 19.9% | 17.1% | 31.0% | 21.1% | |
| 31.5 | 37.7 | 41.4 | 71.1 | 52.8 | |
| 129 | 128 | 137 | 124 | 134 | |
| 25.6 | 30.1 | 35.2 | 39.4 | 40.4 | |
| 163 | −0.7 | 8.5 | – | – | |
| 292 | 118 | 155 | 432 | 158 | |
| 26.2% | 34.8% | 30.4% | 23.1% | 27.2% | |
| 216 | 76.7 | 108 | 332 | 115 | |
| 8.41 | 2.99 | 4.20 | 12.94 | 4.47 |
Profit & loss
- Sales CAGR 3Y
- −14.0%
- Profit CAGR 3Y
- +8.1%
- EPS CAGR 3Y
- +8.1%
- ROE
- 9.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7,423 | 7,905 | 5,845 | 4,723 | |
| – | +6.5% | minus 26.1% | minus 19.2% | |
| 6,355 | 6,641 | 4,681 | 4,211 | |
| 1,068 | 1,265 | 1,164 | 512 | |
| 14.4% | 16.0% | 19.9% | 10.8% | |
| 571 | 777 | 972 | 662 | |
| 455 | 647 | 827 | 551 | |
| 253 | 177 | 194 | 121 | |
| 27 | 30.7 | 77.1 | 564 | |
| 957 | 1,249 | 1,192 | 1,067 | |
| 31.2% | 27.2% | 31.6% | 22.0% | |
| 658 | 909 | 815 | 832 | |
| – | +38.1% | minus 10.3% | +2.0% | |
| 25.67 | 35.45 | 31.79 | 32.42 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 51.3 | 51.3 | 51.3 | 51.3 | |
| 4,234 | 5,134 | 5,938 | 6,762 | |
| 6,282 | 8,025 | 9,364 | 5,170 | |
| 2,066 | 2,400 | 2,705 | 1,875 | |
| 12,632 | 15,610 | 18,059 | 13,858 | |
| 536 | 478 | 414 | 644 | |
| 16.9 | 16.9 | 17.2 | 31.2 | |
| 0.6 | 0.6 | 0.6 | 0.6 | |
| 937 | 1,793 | 2,297 | 2,856 | |
| 11,142 | 13,322 | 15,329 | 10,327 | |
| 12,632 | 15,610 | 18,059 | 13,858 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1,454 | −231 | −56.1 | 4,593 | |
| 343 | −250 | −261 | −66.5 | |
| 1,005 | 1,067 | 456 | −4,796 | |
| −106 | 586 | 139 | −270 | |
| −63.3 | −50.7 | −34.8 | −326 | |
| −1,517 | −282 | −90.9 | 4,267 | |
| −12.8 | −12.8 | −15.4 | −15.4 |
Shareholding pattern
- Promoters56.25%
- Public43.75%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 56.25% | 43.75% | plus 0.18 | |
| 30 Jun 2026 | 56.07% | 43.93% | 0.00 | |
| 31 Mar 2026 | 56.07% | 43.93% | 0.00 | |
| 31 Dec 2025 | 56.07% | 43.93% | 0.00 | |
| 30 Sep 2025 | 56.07% | 43.93% | – |
Major shareholders
Filings & events
News
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