Afcons Infrastructure Ltd
About
Afcons Infrastructure began in 1959 as a civil construction company owned by Rodio Foundation Engineering Limited of Switzerland and Hazarat and Company of India. Today, it is the flagship construction and engineering company of the Shapoorji Pallonji Group. The company is divided into 5 major segments: marine and industrial, surface transport, oil and gas, hydro and underground, and urban infrastructure. It deals with the construction of ports and harbours, highways and roads, onshore and offshore oil and gas projects, dams and tunnels, and bridges, among others. Some of its notable projects include India’s longest single-arch railway bridge, the Chenab railway bridge, the Atal tunnel, India’s longest highway tunnel at 3000 m in Rohtang, and the Sohar Jetty Port in Oman. Afcons has worked on other projects across the Middle East, Africa, and Asia, including countries like Jordan, Kuwait, Ethiopia, Mauritius, Indonesia, and Kazakhstan.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 13647 6.3% | 12844 14.0% | 11270 18.4% | 9521 -6.0% | 10131 14.1% | 8876 31.8% | 6733 5.1% | 6406 43.2% | 4474 9.9% | 4070 10.8% | 3674 19.3% | 3080 20.7% | 2552 -11.9% | 2895 23.0% | 2354 6.4% | 2213 - |
| Net Operating Income (INR Cr) | 13268 4.99% | 12637 14.69% | 11019 17.53% | 9376 -5.62% | 9934 13.84% | 8727 32.30% | 6596 4.62% | 6305 45.38% | 4337 10.34% | 3931 9.38% | 3594 19.09% | 3018 22.45% | 2464 -13.02% | 2833 22.91% | 2305 5.83% | 2178 22.92% |
| Profit (INR Cr) | 450 9.5% | 411 15.3% | 356 113.4% | 167 -32.0% | 246 2.3% | 240 46.3% | 164 6.4% | 154 96.3% | 79 48.6% | 53 12.7% | 47 -50.3% | 94 -0.1% | 95 -20.4% | 119 26.9% | 94 55.8% | 60 - |
| Assets (INR Cr) | 8139 17.1% | 6952 2.1% | 6806 8.1% | 6295 -4.0% | 6560 13.7% | 5770 24.6% | 4632 7.3% | 4318 11.6% | 3868 14.6% | 3376 18.0% | 2861 14.0% | 2510 24.8% | 2011 13.2% | 1777 43.2% | 1241 -2.8% | 1277 - |
| Net Worth (INR Cr) | 3596 31.9% | 2726 20.5% | 2262 16.6% | 1940 8.2% | 1793 14.0% | 1573 17.3% | 1341 14.4% | 1173 10.9% | 1057 46.9% | 720 5.8% | 680 6.8% | 637 15.1% | 553 24.2% | 445 36.4% | 327 40.6% | 232 36.1% |
| Employee Cost (INR Cr) | 1383 6.6% | 1298 19.7% | 1085 17.4% | 924 -4.9% | 971 18.0% | 823 9.2% | 754 11.9% | 674 28.8% | 523 -1.1% | 529 15.4% | 458 13.0% | 406 32.5% | 306 16.3% | 263 11.3% | 236 9.2% | 217 - |
| Interest Cost (INR Cr) | 577 | 447 | 425 | 468 | 391 | 285 | 306 | 302 | 270 | 213 | 177 | 141 | 105 | 76 | 88 | 98 |
| Cash & Bank Balance (INR Cr) | 666 | 377 | 526 | 711 | 639 | 343 | 154 | 189 | 156 | 152 | 68 | 144 | 175 | 457 | 180 | 92 |
| Total Debt (INR Cr) | 2523 | 1612 | 1623 | 1609 | 1668 | 1633 | 1675 | 2015 | 2060 | 1760 | 1496 | 1202 | 837 | 680 | 558 | 691 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.3% | 3.2% | 3.2% | 1.8% | 2.4% | 2.7% | 2.4% | 2.4% | 1.8% | 1.3% | 1.3% | 3.1% | 3.7% | 4.1% | 4.0% | 2.7% |
| Profit As % Of Assets | 5.5% | 5.9% | 5.2% | 2.7% | 3.7% | 4.2% | 3.5% | 3.6% | 2.0% | 1.6% | 1.6% | 3.8% | 4.7% | 6.7% | 7.5% | 4.7% |
| Profit As % Of Networth | 12.5% | 15.1% | 15.8% | 8.6% | 13.7% | 15.3% | 12.2% | 13.2% | 7.4% | 7.4% | 6.9% | 14.8% | 17.1% | 26.7% | 28.7% | 25.9% |
| Interest Cost to EBITDA % | 42.3% | 34.1% | 45.4% | 54.2% | 48.2% | 40.5% | 49.9% | 52.4% | 61.9% | 73.2% | 50.7% | 46.2% | 50.0% | 37.2% | 44.2% | 54.3% |
| Debt to Equity Ratio | 0.70 | 0.59 | 0.72 | 0.83 | 0.93 | 1.04 | 1.25 | 1.72 | 1.95 | 2.45 | 2.20 | 1.89 | 1.51 | 1.53 | 1.71 | 2.97 |
| RONW | 14.2% | 16.5% | 17.0% | 9.1% | 14.7% | 14.9% | 13.1% | 13.7% | 8.8% | 7.6% | 7.5% | 15.5% | 17.6% | 30.5% | 34.5% | 29.7% |
| ROCE | 16.6% | 15.2% | 12.7% | 11.8% | 12.4% | 10.4% | 12.3% | 12.4% | 11.5% | 9.4% | 10.1% | 12.9% | 13.5% | 15.1% | 17.1% | 16.0% |