High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Profitability: Recent profitability of 15% is a good sign.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -20.6% in past one year. In past three years, revenues have changed by -31.4%.
Momentum: Stock is suffering a negative price momentum. Stock is down -8.6% in last 30 days.
Smart Money: Smart money looks to be reducing their stake in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -14% return compared to 8.1% by NIFTY 50.
Technicals: SharesGuru indicator is Bearish.
Valuation | |
|---|---|
| Market Cap | 5.17 kCr |
| Price/Earnings (Trailing) | 6.22 |
| Price/Sales (Trailing) | 0.94 |
| EV/EBITDA | 5.34 |
| Price/Free Cashflow | 1.21 |
| MarketCap/EBT | 4.85 |
| Enterprise Value | 9.45 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 5.51 kCr |
| Rev. Growth (Yr) | -6.1% |
| Earnings (TTM) | 831.5 Cr |
| Earnings Growth (Yr) | 42.8% |
Profitability | |
|---|---|
| Operating Margin | 10% |
| EBT Margin | 19% |
| Return on Equity | 12.2% |
| Return on Assets | 6% |
| Free Cashflow Yield | 82.5% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4% |
| Price Change 1M | -8.6% |
| Price Change 6M | -20.7% |
| Price Change 1Y | -34.9% |
| 3Y Cumulative Return | -14% |
| 5Y Cumulative Return | -4.7% |
| 7Y Cumulative Return | -0.40% |
| 10Y Cumulative Return | 6.1% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -66.52 Cr |
| Cash Flow from Operations (TTM) | 4.59 kCr |
| Cash Flow from Financing (TTM) | -4.8 kCr |
| Cash & Equivalents | 871.27 Cr |
| Free Cash Flow (TTM) | 4.27 kCr |
| Free Cash Flow/Share (TTM) | 166.33 |
Balance Sheet | |
|---|---|
| Total Assets | 13.86 kCr |
| Total Liabilities | 7.05 kCr |
| Shareholder Equity | 6.81 kCr |
| Current Assets | 6.28 kCr |
| Current Liabilities | 1.69 kCr |
| Net PPE | 627.93 Cr |
| Inventory | 761.26 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.37 |
| Debt/Equity | 0.76 |
| Interest Coverage | 0.83 |
| Interest/Cashflow Ops | 8.9 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.6 |
| Dividend Yield | 0.33% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Profitability: Recent profitability of 15% is a good sign.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -20.6% in past one year. In past three years, revenues have changed by -31.4%.
Momentum: Stock is suffering a negative price momentum. Stock is down -8.6% in last 30 days.
Smart Money: Smart money looks to be reducing their stake in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -14% return compared to 8.1% by NIFTY 50.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.33% |
| Dividend/Share (TTM) | 0.6 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 32.41 |
Financial Health | |
|---|---|
| Current Ratio | 3.72 |
| Debt/Equity | 0.76 |
Technical Indicators | |
|---|---|
| RSI (14d) | 31.3 |
| RSI (5d) | 23.51 |
| RSI (21d) | 33.99 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of PNC Infratech's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook for PNC Infratech Limited, highlighting several forward-looking points during the earnings call for Q3 FY2026.
Project Pipeline and Government Commitment: The government has allocated a capital expenditure of Rs. 12.2 lakh crore for FY27, a 9% increase, emphasizing its focus on infrastructure development. Within this, MoRTH received a record allocation of Rs. 3.09 lakh crore for highway projects, indicating a significant opportunity for growth.
Order Book Status: As of December 31, 2025, the company's unexecuted order book stands at Rs. 19,346 crore. Management expects to achieve an order inflow of around Rs. 12,000 crore for FY26, including Rs. 6,000 crore from bids submitted recently. The company has submitted 33 bids worth approximately Rs. 28,700 crore.
Financial Targets: Management anticipates standalone revenue in Q4 FY26 ranging from Rs. 1,700 crore to Rs. 1,800 crore, leading to an expected full-year revenue decline of around 10% compared to FY25. For FY27, a substantial 25% revenue growth is projected based on the current backlog and anticipated new orders.
EBITDA Margin Guidance: Management expects EBITDA margins to stabilize around 12% to 12.5% for FY27 due to lower turnover this year, with the potential for reevaluation in the subsequent quarters.
Investments and Execution: The company has earmarked Rs. 634 crore for equity investments over the next two years, out of which Rs. 100 crore is expected to be invested in Q4 FY26.
Sector Diversification: PNC Infratech plans to diversify its activities beyond highways into sectors like ports, logistics, and renewable energy, with an approximate balanced mix projected in the next 2-3 years split 50-50 between highways and other sectors.
Overall, the management remains hopeful about navigating current challenges while focusing on long-term growth opportunities in infrastructure and related sectors.
1. Question: "In India, how much value of bids do we have submitted which are yet to be opened? And how much more are we planning in terms of the pipeline to be bided before March?"
Answer: We have submitted 33 bids for an aggregate value of around Rs. 28,700 crores during the last 1.5 quarters. We have identified over 80 bidding opportunities across various sectors for a value exceeding Rs. 1,20,000 crores. These bids are scheduled for submission by the end of March, but some may extend into the first quarter of FY '27.
2. Question: "Now, how do we look at the revenue? Because in 9 months, we are facing a decline. How much can we look at in the 4th quarter?"
Answer: We expect standalone revenue around Rs. 1,700-Rs. 1,800 crores for the 4th quarter. While there has been a decline of about 22.5% in the revenue for the first 9 months, we anticipate robust execution in Q4, deriving from newly commenced projects and smoother operations post-monsoon.
3. Question: "On the margin front, is it similar to what we are guiding"”around 12.5%-13%?"
Answer: Currently, for this year, we are revising our guidance to an EBITDA margin of approximately 12%-12.5%. This is due to the overall decline in turnover and rising fixed overheads.
4. Question: "What would be our water receivables as of now, and when do you see this order book getting completed?"
Answer: As of 31st December 2025, our billed outstanding stands at Rs. 822 crores, with further expected payments. We anticipate substantial clearance of these outstanding amounts before the end of March and expect around 60% of the water project order book to be completed in FY '27.
5. Question: "What kind of revenues are we targeting in FY '27 and FY '28 for solar projects and mining?"
Answer: For mining, we are targeting around Rs. 500 crores in FY '27 and Rs. 600 crores in FY '28. For solar projects, we expect around Rs. 1,000 crores revenue in FY '27, which constitutes nearly 50% of the total EPC value of our solar projects.
6. Question: "What is the status of the CIDCO order?"
Answer: The CIDCO matter is under sub judice, which limits our ability to discuss details.
7. Question: "What does our cash balance of Rs. 2,700 crores comprise, and is it entirely our own cash?"
Answer: Yes, the reported cash balance is largely our own funds located in both the holding company and its subsidiaries. It does not relate to any debt that we have raised.
8. Question: "What is the outstanding receivable from the irrigation project?"
Answer: The outstanding receivable from the irrigation project is around Rs. 170 crores for this financial year, and we anticipate further improvements in payments as we continue to receive funds.
9. Question: "What can we expect from the toll collection this quarter?"
Answer: For toll collection, we expect Rs. 10.79 crores from MP Highways, Rs. 32.16 crores from Rae Bareli Jaunpur, and Rs. 3.82 crores from the Narela project during this quarter.
10. Question: "When do we expect to see the BESS project revenue reflected in the order book?"
Answer: We anticipate that the BESS project revenue will start appearing in the order book in Q2 of FY '27 as we proceed with finalizing lease and agreement processes.
Analysis of PNC Infratech's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Road | 77.7% | 1.3 kCr |
| Water | 13.0% | 210.1 Cr |
| Toll/Annuity | 9.3% | 150.6 Cr |
| Total | 1.6 kCr |
Understand PNC Infratech ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Madhavi Jain | 9.84% |
| Ncj Infrastructure Private Limited | 9.65% |
| Hdfc Small Cap Fund | 9.55% |
| Vaibhav Jain | 8.72% |
| Yogesh Jain | 6.55% |
| Pradeep Kumar Jain | 5.98% |
| Ashita Jain | 5.06% |
| Meena Jain | 4.94% |
| Uti Value Fund | 3.77% |
| Hsbc Mutual Fund - Hsbc Value Fund | 3% |
| Naveen Kumar Jain | 2.88% |
| Icici Prudential India Opportunities Fund | 2.1% |
| Chakresh Kumar Jain | 1.76% |
| The Master Trust Bank Of Japan, Ltd. As Trustee Of Hsbc India Infrastructure Equity Mother Fund | 1.68% |
| Tata Focused Fund | 1.59% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund | 1.48% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 1.28% |
| Abhinandan Jain | 0.68% |
| Pradeep Kumar Jain HUF | 0% |
| Chakresh Kumar Jain HUF | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of PNC Infratech against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LT | Larsen & Toubro | 5.57 LCr | 2.92 LCr | +3.40% | +12.40% | 34.63 | 1.91 | - | - |
| NCC | NCC | 9.52 kCr | 20.94 kCr | -4.90% | -34.50% | 14.11 | 0.45 | - | - |
| DBL | Dilip Buildcon | 6.99 kCr | 9.5 kCr | -9.40% | -18.50% | 4.9 | 0.74 | - | - |
| HGINFRA | H.G. Infra Engineering | 3.67 kCr | 5.26 kCr | -9.40% | -47.80% | 11.12 | 0.7 | - | - |
| KNRCON | KNR Constructions | 3.52 kCr | 2.76 kCr | -5.20% | -42.10% | 8.05 | 1.27 | - | - |
Comprehensive comparison against sector averages
PNCINFRA metrics compared to Construction
| Category | PNCINFRA | Construction |
|---|---|---|
| PE | 6.22 | 23.10 |
| PS | 0.94 | 1.61 |
| Growth | -20.6 % | 6.6 % |
PNC Infratech Limited, together with its subsidiaries, operates as an infrastructure investment, development, construction, operation, and management company 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. It also provides end-to-end infrastructure implementation solutions, such as engineering, procurement, and construction services on a fixed-sum turnkey basis, as well as on an item rate basis; and executes and implements projects on a design-build-finance-operate-transfer, operate-maintain-transfer, hybrid annuity model, and other public-private partnership formats. The company was formerly known as PNC Construction Company Limited and changed its name to PNC Infratech Limited in August 2007. PNC Infratech Limited was founded in 1989 and is headquartered in Agra, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
PNCINFRA vs Construction (2021 - 2026)