AFCONS INFRASTRUCTURE LTD (AFCONS) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of AFCONS INFRASTRUCTURE LTD stock ₹155, price ₹219, that is 29.3% below the price, quality 31 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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AFCONS INFRASTRUCTURE LTD
AFCONS · NSEOur calculation puts a fair price 29% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
24‑month range ₹206.04 – ₹538.53 · fair‑value band ₹109.35 – ₹188.02 · the ₹219.40 price screens above the ₹155.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Company profile
Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally.
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The company undertakes marine works, highways, bridges, metro works, power houses, tunnels, oil and gas, liquified natural gas tanks, and other general civil engineering projects.
It also constructs ports and harbour jetties, dry docks, wet basins, breakwaters, outfall and intake structures, and material handling systems; roads, interchanges, mining-related infrastructure railways; and dams and barrages, and water and irrigation projects, as well as tunnels, such as road tunnels and underground works.
The company also undertakes elevated and underground metro, flyovers, and elevated corridor works; and onshore and offshore oil and gas projects.
Afcons Infrastructure Limited was formerly known as Asia Foundations and Constructions Limited and changed its name to Afcons Infrastructure Limited in August 1996. The company was founded in 1959 and is based in Mumbai, India.
Stock analysis
AFCONS INFRASTRUCTURE LTD (AFCONS) currently trades at ₹219.40, while our model-based Fair Value estimate is ₹155.07, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹236.74 per share, and 3 of the 16 models we run sit above the ₹219.40 price.
Bear case: the Dividend Discount group reads lowest at ₹23.91, and 13 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹109.35 (bear) to ₹188.02 (bull), the price of ₹219.40 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
AFCONS INFRASTRUCTURE LTD reported revenue of ₹119B in FY2026 versus ₹109B in FY2022, a compound +2.2%/yr. Reported net income was ₹2.5B in FY2026, compounding −8.3%/yr from FY2022.
Key figures
Market cap ₹80.7B (≈ $861M) Small · P/E ratio 102.0 · P/S ratio 0.72 · EPS (TTM) ₹2.15 · Dividend yield 0.9% · Net margin 1.3% · Return on equity 4.7% · Return on assets (EBIT) 5.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 48% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −29%, AFCONS screens cheaper than that median.
Fair Value models
All 16 models by family
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
AFCONS screens overvalued: fair value 29% below the price. Compare with Quanta Services, Inc →
Compare AFCONS INFRASTRUCTURE LTD with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 826 stocks
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Vinci SA DG | €114.75 | €186.68 | +63% | vs AFCONS |
| Comfort Systems USA, Inc FIX | $1,162 | $1,122 | −3% | vs AFCONS |
| EMCOR Group EME | $666.74 | $524.14 | −21% | vs AFCONS |
| ACS, Actividades de Construcción y Servicios, S.A ACS | €92.95 | €62.21 | −33% | vs AFCONS |
| Samsung C&T Corporation 028260 | 283,000 KRW | 159,702 KRW | −44% | vs AFCONS |
| Larsen & Toubro Limited LT | ₹4,212 | ₹2,302 | −45% | vs AFCONS |
| HOCHTIEF Aktiengesellschaft HOT | €374.00 | €203.86 | −45% | vs AFCONS |
| APi Group APG | $44.04 | $19.20 | −56% | vs AFCONS |
| Ferrovial N.V FER | $61.29 | $23.22 | −62% | vs AFCONS |
| Quanta Services, Inc PWR | $607.94 | $162.41 | −73% | vs AFCONS |
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Frequently asked questions
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Key figures of AFCONS INFRASTRUCTURE LTD
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