Afcons Infrastructure Limited

BSE: 544280 NSE: AFCONS
Afcons Infrastructure Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L45200MH1976PLC019335 Incorporated 22 November 1976 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: AFCONS · BSE: 544280 Public Limited Company infrastructure and utilities Fortune India 500 · #209 Nifty 500
Data last updated
Market Cap
₹8,750 Cr
AFCONS · NSE
Share Price
₹236.05
-0.78% today
Revenue
₹11,948 Cr
FY 2025-26 · -4.8% YoY
EBITDA
₹1,141 Cr
Margin 9.6%
Net Profit
₹300 Cr
FY 2025-26 · -38.7% YoY
P/E (TTM)
44.0x
P/B 1.7x
ROE
5.6%
ROCE 10.5%
Debt / Equity
0.56
Interest cover 98.1x

About Afcons Infrastructure Limited

Data last updated:

Afcons Infrastructure Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 22 November 1976 and has been in existence for over 50 years.

Afcons Infrastructure is ranked #209 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45200MH1976PLC019335. Its GSTIN is 02AAACA9067G2ZW (Himachal Pradesh). The company holds 23 GST registrations, of which 13 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544280 and NSE: AFCONS.

The company has an authorised share capital of ₹1,750 Cr and a paid-up capital of ₹367.78 Cr. It was formerly known as Asia Founadtions and Constructions Private Limited and Asis Foundations and Constructions Limited. It is led by directors including Giridhar Rajagopalan (Managing Director) and Paramasivan Srinivasan (Managing Director).

Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Afcons House 16 Shahindustrial Estate Veera Desai Rd Azad Nagar Po Andheri, Mumbai, Maharashtra, India – 400053.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹11,948 Cr, a decline of 4.8% compared to the previous year. For the same year it recorded a net profit of ₹300.18 Cr (net margin 2.5%) and EBITDA of ₹1,140.6 Cr (EBITDA margin 9.5%). The net worth stands at ₹5,449.8 Cr (up 3.6% YoY). Total assets are valued at ₹11,772 Cr (up 13.1% YoY).

The company has about 8,185 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Afcons. As per MCA filings, the company has open charges of ₹26,446 Cr and satisfied charges of ₹17,752 Cr on record. Court records list 643 cases involving the company, including 246 filed by the company and 397 filed against it; 98 cases are pending. The company has 7 deals on record (4 funding rounds, 2 market trades, 1 ipo), with disclosed funding of ₹470 Cr; the latest was in March 2026. Its 3 peer companies in the Infrastructure industry (Construction Services, Ports), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 smaller; the largest is Ircon International Limited with revenue of ₹11,131 Cr. The company has 675 MSME Form 1 returns on record between 2010 and 2024, listing 82,993 overdue payments to 2,044 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website afcons.com.

Company details

CIN L45200MH1976PLC019335
Registration Number 019335
Incorporation Date 22 November 1976
ROC Mumbai
Listing Status Listed - Listed on NSE (AFCONS); Listed on BSE (544280)
Company Status Active
Date of Last AGM 25 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Shapoorji Pallonji And Company Private Limited
Compliance Status Active Compliant

Name history

Afcons Infrastructure has undergone 2 name changes throughout its history. The company was previously known as Asia Founadtions And Constructions Private Limited, and Asis Foundations And Constructions Limited. The current legal name is Afcons Infrastructure Limited.

Company NameStatus
Afcons Infrastructure LimitedCurrent
Asia Founadtions And Constructions Private LimitedPrevious
Asis Foundations And Constructions LimitedPrevious

CIN history

Afcons Infrastructure has one previous CIN (Corporate Identification Number): U45200MH1976PLC019335. The current CIN is L45200MH1976PLC019335, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45200MH1976PLC019335Current
U45200MH1976PLC019335Previous
Key People
Giridhar Rajagopalan Managing Director Paramasivan Srinivasan Managing Director Subramanian Krishnamurthy Whole-Time Director

Recognitions & Rankings of Afcons Infrastructure

Fortune India 500 2025 edition
Rank#209
Total income
₹13,023 Cr
Profit
₹487 Cr
Last year #180
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#288
Valuation
₹19,310 Cr
Stock market indices
Nifty 500 BSE 500

Contact details

Afcons Infrastructure Limited's registered office is in Mumbai, Maharashtra. Its website is afcons.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    afcons.com
  • Social Media
  • Registered Address
    Afcons House 16 Shahindustrial Estate Veera Desai Rd Azad Nagar Po Andheri, Mumbai, Maharashtra, India – 400053
  • Industry
    Infrastructure and Utilities, General Construction Services

To see the full contact details of Afcons Infrastructure Limited, buy the company report.

Comprehensive company report
Afcons Infrastructure Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Afcons Infrastructure operates one associated brand: Afcons. Each brand links to its own profile.

BrandDescriptionWebsite
Afcons
Developer of oil & gas, underground, and urban infrastructureafcons.com

Business activity

The main business activity of Afcons Infrastructure is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of Afcons Infrastructure Limited, buy the company report.

Financials of Afcons Infrastructure Limited

FY 2025-26 filings available

Afcons Infrastructure Limited reported revenue of ₹11,948 Cr (down 4.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹11,948 Cr
-4.8% YoY
EBITDA
₹1,141 Cr
-15.9% YoY
Profit After Tax
₹300 Cr
-38.7% YoY
Net Worth
₹5,450 Cr
+3.6% YoY
Total Assets
₹11,772 Cr
+13.1% YoY
Total Debt
₹3,627 Cr
+54.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11,94812,54813,26812,63711,0199,3769,934
Revenue growth-4.8%-5.4%+5.0%+14.7%+17.5%-5.6%-
EBITDA1,1411,3561,3651,311936862810
EBITDA margin+9.6%+10.8%+10.3%+10.4%+8.5%+9.2%+8.2%
Profit before tax387710673599407290376
Net profit300490458426361172253
Net profit margin+2.5%+3.9%+3.5%+3.4%+3.3%+1.8%+2.5%
EPS (₹)6.8413.2413.2057.0849.5123.2034.12
Balance sheet
Total assets11,77210,4098,1396,9526,7276,2766,560
Net worth5,4505,2613,5963,1762,7122,3902,243
Total debt3,6272,3432,5231,6121,6231,6161,668
Cash & bank886771666377526711639
Net working capital5,6004,7112,9821,7251,7761,8071,935
Cash flow
Cash from operations(127)(132)7071,2156109291,050
Cash from investing(400)(131)(859)(861)(255)(275)(390)
Cash from financing473290246(483)(521)(564)(455)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6712,6142,9762,9883,3703,2233,2112,960
Revenue growth (YoY)-20.8%-18.9%-7.3%+1.0%+6.9%---
Other income55.6816349.6911348.67164121130
EBITDA25142.92334329435294364344
EBITDA margin+9.4%+1.6%+11.2%+11.0%+12.9%+9.1%+11.3%+11.6%
Depreciation83.5299.5793.40122139124117120
Interest173175167170162150169164
Profit before tax50.59(68.87)123149183184200191
Tax20.2919.6826.2344.1645.9873.1350.9855.25
Net profit30.30(88.55)96.81105137111149135
EPS (₹)0.82(2.41)2.632.853.743.024.053.97
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11,93812,50012,90712,46710,4998,9319,255
Revenue growth-4.5%-3.2%+3.5%+18.8%+17.6%-3.5%-
EBITDA1,1811,4601,3541,319764741747
EBITDA margin+9.9%+11.7%+10.5%+10.6%+7.3%+8.3%+8.1%
Profit before tax426809665623283253378
Net profit343589448424263129247
Net profit margin+2.9%+4.7%+3.5%+3.4%+2.5%+1.5%+2.7%
EPS (₹)7.8815.9412.9756.9236.0317.5033.61
Balance sheet
Total assets11,3419,9897,6326,4596,3485,9386,229
Net worth5,0024,8273,0752,6692,2392,0201,915
Total debt3,6452,3592,5381,6271,6291,6111,651
Cash & bank751637525162278454402
Net working capital5,2484,3852,4781,2731,3721,4221,612
Cash flow
Cash from operations(135)(117)8131,198570794824
Cash from investing(396)(139)(891)(820)(211)(181)(334)
Cash from financing476292246(471)(516)(543)(406)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6712,6142,9742,9883,3633,2193,2052,947
Revenue growth (YoY)-20.6%-18.8%-7.2%+1.4%+7.5%---
Other income56.4416745.3010948.29161119131
Total expenses2,4142,5502,6282,6502,9302,8582,8212,599
EBITDA25663.31346338434360384348
EBITDA margin+9.6%+2.4%+11.6%+11.3%+12.9%+11.2%+12.0%+11.8%
Depreciation83.1899.2193.04122138124117119
Interest173175167170162149169163
Profit before tax57.17(43.39)131156182248218196
Tax20.2919.6526.2244.1445.9873.1350.9655.22

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6712,6142,9762,9883,3703,2233,2112,960
Revenue growth (YoY)-20.8%-18.9%-7.3%+1.0%+6.9%---
Other income55.6816349.6911348.67164121130
EBITDA25142.92334329435294364344
EBITDA margin+9.4%+1.6%+11.2%+11.0%+12.9%+9.1%+11.3%+11.6%
Depreciation83.5299.5793.40122139124117120
Interest173175167170162150169164
Profit before tax50.59(68.87)123149183184200191
Tax20.2919.6826.2344.1645.9873.1350.9855.25
Net profit30.30(88.55)96.81105137111149135
EPS (₹)0.82(2.41)2.632.853.743.024.053.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11,94812,54813,26812,63711,0199,3769,934
Revenue growth-4.8%-5.4%+5.0%+14.7%+17.5%-5.6%-
Other income374474379207251146196
Total expenses10,80811,19211,90211,32710,0838,5139,124
Employee cost1,4521,4351,3831,2981,085924971
EBITDA1,1411,3561,3651,311936862810
EBITDA margin+9.6%+10.8%+10.3%+10.4%+8.5%+9.2%+8.2%
Depreciation454491495472355250240
Interest674629577447425468391
Profit before tax387710673599407290376
Tax13622322318848.95121128
Net profit300490458426361172253
Net profit margin+2.5%+3.9%+3.5%+3.4%+3.3%+1.8%+2.5%
EPS (₹)6.8413.2413.2057.0849.5123.2034.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital368368341522522522522
Reserves & surplus5,0824,8933,2552,6542,1901,8681,721
Shareholders' funds (net worth)5,4505,2613,5963,1762,7122,3902,243
Minority interest0.781.541.561.56(9.28)(10.53)(13.45)
Secured loans2,9791,9882,2731,5631,5171,3031,358
Unsecured loans64835525149.43106313310
Total debt3,6272,3432,5231,6121,6231,6161,668
Total liabilities11,77210,4098,1396,9526,7276,2766,560
Assets
Gross block6,1736,0565,6434,9184,3183,6783,391
Net block2,4992,7382,7842,4982,3182,0031,938
Capital work in progress90132.8543.0718417.5314617.94
Investments0.540.780.770.500.890.400.15
Inventories1,0171,0101,6271,5861,2709381,067
Sundry debtors3,4322,7793,1212,1972,3042,5752,475
Cash & bank balances886771666377526711639
Loans & advances7,6206,7965,5594,8153,7933,5844,078
Total current assets12,95411,35610,9738,9757,8937,8088,259
Total current liabilities7,3546,6457,9917,2506,1176,0026,324
Net working capital5,6004,7112,9821,7251,7761,8071,935
Total assets11,77210,4098,1396,9526,7276,2766,560
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash440413319447613523317
Net cash from operating activities(127)(132)7071,2156109291,050
Net cash from investing activities(400)(131)(859)(861)(255)(275)(390)
Net cash from financing activities473290246(483)(521)(564)(455)
Net change in cash(54.47)26.9193.94(128)(165)89.98205
Closing cash886771666377526711639
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.8%-5.4%+5.0%+14.7%+17.5%-5.6%-
EBITDA growth-15.9%-0.7%+4.2%+40.0%+8.5%+6.5%-
PBT growth-45.5%+5.6%+12.3%+47.4%+40.0%-22.7%+9997.0%
Net income growth-38.7%+7.0%+7.6%+18.0%+110.4%-32.1%-
Revenue CAGR (3Y)-1.9%+4.4%+12.3%+8.4%---
EBITDA CAGR (3Y)-4.5%+13.2%+16.5%+17.4%---
Profitability & leverage
Net income margin+2.1%+3.9%+3.4%+3.3%+3.3%+1.8%+2.5%
Return on capital employed+10.5%+14.4%+16.6%+15.3%+12.8%+11.8%+12.4%
Return on net worth+5.6%+11.0%+14.2%+16.5%+17.0%+9.1%+14.7%
Debt / equity0.560.550.610.550.630.710.77
Long-term debt / equity0.150.150.180.180.180.230.29
Interest cover98.1072.7566.3153.2473.1476.3468.57
Efficiency & per share
Fixed asset turnover1.952.152.512.742.762.653.13
Inventory turnover11.799.528.268.859.989.3510.33
Debtors turnover3.854.254.995.624.523.714.39
EPS (₹)6.8413.2413.2057.0849.5123.2034.12
Dividend per share (₹)2.002.502.504.003.503.503.50
Book value per share (₹)148.18143.03105.53378.73314.31269.56249.18
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6712,6142,9742,9883,3633,2193,2052,947
Revenue growth (YoY)-20.6%-18.8%-7.2%+1.4%+7.5%---
Other income56.4416745.3010948.29161119131
Total expenses2,4142,5502,6282,6502,9302,8582,8212,599
EBITDA25663.31346338434360384348
EBITDA margin+9.6%+2.4%+11.6%+11.3%+12.9%+11.2%+12.0%+11.8%
Depreciation83.1899.2193.04122138124117119
Interest173175167170162149169163
Profit before tax57.17(43.39)131156182248218196
Tax20.2919.6526.2244.1445.9873.1350.9655.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11,93812,50012,90712,46710,4998,9319,255
Revenue growth-4.5%-3.2%+3.5%+18.8%+17.6%-3.5%-
Other income370467378217294223251
Total expenses10,75711,04011,55311,1489,7358,1908,508
Employee cost1,4391,4081,3361,2681,039868884
EBITDA1,1811,4601,3541,319764741747
EBITDA margin+9.9%+11.7%+10.5%+10.6%+7.3%+8.3%+8.1%
Depreciation452489491469351245234
Interest673628577444423466386
Profit before tax426809665623283253378
Tax13622322321323.74127136
Net profit343589448424263129247
Net profit margin+2.9%+4.7%+3.5%+3.4%+2.5%+1.5%+2.7%
EPS (₹)7.8815.9412.9756.9236.0317.5033.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital36836834152271.97522522
Reserves & surplus4,6344,4592,7352,1471,7171,4981,394
Shareholders' funds (net worth)5,0024,8273,0752,6692,2392,0201,915
Secured loans3,2382,2362,4551,5631,3701,4021,351
Unsecured loans40712383.0864.56259209300
Total debt3,6452,3592,5381,6271,6291,6111,651
Total liabilities11,3419,9897,6326,4596,3485,9386,229
Assets
Gross block6,1356,0095,5994,8334,2713,6303,337
Net block2,4872,7252,7702,4472,3051,9851,912
Capital work in progress90132.8543.0718417.5314617.94
Investments19.7419.9812.1812.3512.4111.9211.66
Inventories9939881,6011,5711,2478871,020
Sundry debtors3,3112,6982,9542,0462,1892,3652,287
Cash & bank balances751637525162278454402
Loans & advances7,5266,6825,2754,5743,6053,4113,901
Total current assets12,58211,00610,3548,3537,3187,1177,609
Total current liabilities7,3346,6217,8767,0805,9475,6945,996
Net working capital5,2484,3852,4781,2731,3721,4221,612
Total assets11,3419,9897,6326,4596,3485,9386,229
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash316281113206364294210
Net cash from operating activities(135)(117)8131,198570794824
Net cash from investing activities(396)(139)(891)(820)(211)(181)(334)
Net cash from financing activities476292246(471)(516)(543)(406)
Net change in cash(53.91)35.44168(93.55)(157)70.0283.75
Closing cash751637525162278454402
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.5%-3.2%+3.5%+18.8%+17.6%-3.5%-
EBITDA growth-19.1%+7.8%+2.7%+72.8%+3.1%-0.8%-
PBT growth-47.4%+21.7%+6.7%+120.1%+11.8%-33.1%+80.3%
Net income growth-41.7%+31.5%+5.5%+61.5%+103.0%-47.7%-
Revenue CAGR (3Y)-1.4%+6.0%+13.1%+10.4%+10.7%+15.1%+17.3%
EBITDA CAGR (3Y)-3.6%+24.1%+22.3%+20.9%+13.8%+9.9%+16.2%
Profitability & leverage
Net income margin+2.4%+4.7%+3.4%+3.3%+2.5%+1.4%+2.6%
Return on capital employed+11.2%+16.3%+17.6%+16.7%+11.5%+11.8%+13.1%
Return on net worth+7.0%+14.8%+16.7%+18.4%+13.6%+8.3%+17.6%
Debt / equity0.610.620.730.660.760.830.88
Long-term debt / equity0.170.160.220.210.220.270.34
Interest cover92.3464.7066.7852.24102.6593.9375.18
Efficiency & per share
Fixed asset turnover1.972.152.472.742.662.562.96
Inventory turnover12.059.668.148.859.849.3710.07
Debtors turnover3.974.425.165.894.613.844.46
EPS (₹)7.8815.9412.9756.9236.0317.5033.61
Dividend per share (₹)2.002.502.504.003.503.503.50
Book value per share (₹)136.01131.2490.25308.31248.55218.20203.63

To see the full year-wise statements and ratios of Afcons Infrastructure Limited, buy the company report.

Board of directors of Afcons Infrastructure Limited

Afcons Infrastructure has 12 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sitaram Kunte
Also directs: Deepak Fertilisers and Petrochemicals Corporation Ltd, Performance Chemiserve Limited, Sotefin Bharat Limited and 1 more
Director12 Mar 20242 Years 7 MonthsCurrent
Anurag Kumar Sachan
Also directs: Rahee Infratech Limited, Shrem Infra Investment Manager Private Limited
Director12 Mar 20242 Years 7 MonthsCurrent
Atul SobtiDirector24 Mar 20242 Years 6 MonthsCurrent
Umesh Narain Khanna
Also directs: Sterling and Wilson Renewable Energy Limited, Shapoorji Pallonji Energy Private Limited, Sterling and Wilson Private Limited and 3 more
Director22 Aug 201214 Years 2 MonthsCurrent
Santosh Balachandran Nayar
Also directs: Authum Investment & Infrastructure Limited, Maadurga Iron and Steel Private Limited, Nextgen Hitech Semiconductor Private Limited and 4 more
Director25 Sep 20251 Years 0 MonthsCurrent
Pallon Shapoorji Mistry
Also directs: Shapoorji Pallonji Energy Private Limited, Mistry Ventures LLP, Shapoorji Pallonji and Company Private Limited and 5 more
Director29 Aug 20251 Years 1 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Peer comparison

Afcons Infrastructure Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Construction Services, Ports), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Afcons Infrastructure Limitedthis company₹11,948 Cr (FY 2026)₹300.18 Cr2.5%-4.8%8,185Mumbai, Maharashtra, India
Ircon International Limited₹11,131 Cr (FY 2025)-14.0%New Delhi, Delhi, India
Navayuga Engineering Company Limited₹9,736.3 Cr (FY 2024)33.0%Andhra Pradesh, India
Cemindia Projects Limited₹9,152.57 Cr (FY 2025)18.0%Mumbai, Maharashtra, India

To see the full peer comparison of Afcons Infrastructure Limited, buy the company report.

Auditor

Afcons Infrastructure Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
DELOITTE HASKINS & SELLS LLPFY 2023117366W/W100018

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 50.20%, foreign institutional investors hold 12.20%, domestic institutional investors hold 20.00% and retail and other public shareholders hold 17.60%.

Promoters: 50.20%DII (Domestic Institutional): 20.00%FII (Foreign Institutional): 12.20%Retail & Others: 17.60%
Sep 2026
QUARTER
50.20% Promoters
20.00% DII (Domestic Institutional)
12.20% FII (Foreign Institutional)
17.60% Retail & Others
Promoter holding - history
Now 50.20% · Sep 2026High 50.20% · Dec 2025Low 50.20% · Dec 2025
49%49.8%50.5%51.3%52%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 50.20%Mar 2026: 50.20%Jun 2026: 50.20%Sep 2026: 50.20%50.20%50.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters50.20%50.20%50.20%50.20%
Public49.80%49.80%49.80%49.80%

Charges & borrowings

Open charges
₹26,446 Cr
Satisfied charges
₹17,752 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹25,210.73 Cr
Others₹850.00 Cr
Idbi Bank Limited₹235.00 Cr
Indian Bank₹150.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
07 Mar 2026101262652Others₹300 CrOpen
28 Nov 2025101200361Idbi Bank Limited₹235 CrOpen
26 Sep 2025101172065Others₹100 CrOpen
05 Nov 2024101009085Sbicap Trustee Company Limited₹529.13 CrOpen
31 May 2024100927528Sbicap Trustee Company Limited₹441.59 CrOpen

To see the full charge records of Afcons Infrastructure Limited, buy the company report.

Total charge records: 177 View all charges

Deals & funding

Afcons Infrastructure Limited has 7 deals on record (4 funding rounds, 2 market trades, 1 ipo), with disclosed funding of ₹470 Cr; the latest was in March 2026.

Total deals
7
Funding rounds
4
Market trades
2
IPO
1
Disclosed funding
₹470 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2026Market trade₹26.86 CrBuyer: Goldman Sachs Bank Europe Se - Odi
Seller: Morgan Stanley Investment Management
Oct 2024IPO₹5,430 CrInvestors: Goldman Sachs Public Market Fund, GIC Singapore, Shamyak Investment Private Limited
Seller: Goswami Infratech Private Limited
Mar 2014Funding round₹100 CrInvestors: Shapoorji Pallonji and Company Private Limited
Mar 2006Funding round₹100 CrInvestors: Floreat Investments Private Limited
Mar 2006Funding round₹20 CrInvestors: Sterling Investment Corporation Private Limited

To see the full deal history of Afcons Infrastructure Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Afcons Infrastructure Limited was last rated by Care on 22 Aug 2023.

Rating agencyRated onRating
Care22 Aug 2023

To see the full credit ratings and regulatory alerts of Afcons Infrastructure Limited, buy the company report.

MSME payment delays

Afcons Infrastructure Limited has 675 MSME Form 1 returns on record between 2010 and 2024, listing 82,993 overdue payments to 2,044 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 2,044)

SupplierAmount dueDue sinceReported on
an individual supplier
M G S Group
Makdol Infraprojects Private Limited
Paramraj Trade Link
Aranath Real Estate Private Limited

To see the full MSME payment records of Afcons Infrastructure Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Afcons Infrastructure Limited has a workforce of 8,185 employees on its EPFO records as of Apr 08, 2024, across 9 active EPFO establishments.

Employee count
8,185
Active EPFO establishments
9
Employee growth
2.9%

GST

Afcons Infrastructure has 23 GST registrations: 13 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
23
Active
13
Cancelled / inactive
10
GSTINStateStatusRegistered on
02AAACA9067G2ZWHimachal PradeshActive01 Jul 2017
07AAACA9067G1ZNDelhiActive01 Jul 2017
09AAACA9067G1ZJUttar PradeshActive01 Jul 2017
10AAACA9067G1Z0BiharActive01 Jul 2017

To see the full GST registrations and return filing status of Afcons Infrastructure Limited, buy the company report.

Recent activity

Afcons Infrastructure Limited has 42 board changes on record since 2002: 13 appointments and 29 cessations. The latest: Firoz Cyrus Mistry ceased to be Additional Director on 09 Nov 2025.

Charges
A charge with Sbicap Trustee Company Limited of Rs. 22,900.00 Cr registered on 23 Jun 1993 with Charge ID 90228657 was modified on 21 May 2026.
Charges
A charge registered on 05 Aug 2022 via Charge ID 100613173 with Others was fully satisfied on 13 Apr 2026.
Filing
Afcons Infrastructure Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge registered on 28 Mar 2019 via Charge ID 100252284 with State Bank Of India was fully satisfied on 27 Mar 2026.
Charges
A charge registered on 08 Jan 2024 via Charge ID 100844509 with Others was fully satisfied on 24 Mar 2026.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 101262652 was registered on 07 Mar 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 441.59 Cr registered on 31 May 2024 with Charge ID 100927528 was modified on 19 Jan 2026.
Charges
A charge with Idbi Bank Limited amounted to Rs. 235.00 Cr with Charge ID 101200361 was registered on 28 Nov 2025.
Charges
A charge registered on 17 May 2024 via Charge ID 100930516 with Uco Bank was fully satisfied on 27 Nov 2025.
Ceased
Firoz Cyrus Mistry ceased to be Additional Director.
Ceased
Santosh Balachandran Nayar ceased to be Additional Director.
Charges
A charge registered on 25 Feb 2025 via Charge ID 101054901 with Others was fully satisfied on 03 Oct 2025.

401 earlier events are in the company report.

News

AFCONS INFRASTRUCTURE: CO ISSUES COMMERCIAL PAPERS OF 350M RUPEES ON OCTOBER 13, 2026
13 Oct 2026 · Exchange Update
AFCONS Infrastructure: Completes Redemption Of ₹100 Crores Commercial Paper On Its Maturity Date; Originally Issued On October 6, 2025.
06 Oct 2026 · Exchange Update
Afcons Infrastructure: To Meet Analysts And Investors On September 23
18 Sep 2026 · Exchange Update

Frequently asked questions

Afcons Infrastructure is an active public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 22 November 1976 (50+ years old) and is registered under CIN L45200MH1976PLC019335. Listed on BSE: 544280 and NSE: AFCONS.

Afcons Infrastructure reported revenue of ₹11,948 Cr for FY 2025-26 (down 4.8% YoY) based on consolidated financials.

Afcons Infrastructure has 12 current directors:

The latest financial statements of Afcons Infrastructure on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Afcons Infrastructure is 02AAACA9067G2ZW, registered in Himachal Pradesh. The company has 23 GST registrations in all, of which 13 are active and 10 are cancelled or inactive. Other active GSTINs include 07AAACA9067G1ZN (Delhi), 09AAACA9067G1ZJ (Uttar Pradesh), 10AAACA9067G1Z0 (Bihar).

The CIN (Corporate Identification Number) of Afcons Infrastructure is L45200MH1976PLC019335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Afcons Infrastructure is a listed company as per MCA records. Its shares are listed on both BSE (code: 544280) and NSE (symbol: AFCONS).

Afcons Infrastructure has 643 court cases on record: 246 filed by the company and 397 filed against it. 98 are pending. Most are in the high courts.

Afcons Infrastructure was incorporated on 22 November 1976, making it 50+ years old. It is registered with the Registrar of Companies, Mumbai.

Afcons Infrastructure has 7 deals on record (4 funding rounds, 2 market trades, 1 ipo), with disclosed funding of ₹470 Cr; the latest was in March 2026.

The peers of Afcons Infrastructure by revenue are Ircon International Limited, Navayuga Engineering Company Limited, Cemindia Projects Limited, all in the Infrastructure industry (Construction Services, Ports), with the same principal business activity (roads, railways, utility projects).

Firoz Cyrus Mistry ceased to be Additional Director on 09 Nov 2025. Santosh Balachandran Nayar ceased to be Additional Director on 09 Nov 2025. Firoz Cyrus Mistry was appointed as Director on 25 Sep 2025. Afcons Infrastructure has 42 board changes on record in total.