Afcons Infrastructure Limited (AFCONS) Fair Value & Analysis

Industrials · IN · Market cap ₹117B

Below-average quality, and screening another 47% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹156.24). The favourable scenario is already priced in.
• Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (21 months)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

21‑month range ₹262.85 – ₹538.53 · fair‑value band ₹107.70 – ₹156.24 · the ₹271.60 price screens above the ₹142.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Afcons Infrastructure Limited (AFCONS) currently trades at ₹271.60, while our model-based Fair Value estimate is ₹142.98, implying the stock looks roughly 47.4% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Afcons Infrastructure Limited generated revenue of ₹119B at a net margin of 2.1%. Revenue declined 18.9% year over year. It earns a return on equity of 4.7%. Net debt stands at ₹27.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹107.70 (bear case) to ₹156.24 (bull case); at ₹271.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. 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 43% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -47%, AFCONS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (₹143.60) versus Dividend Discount (₹25.13). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally. 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.

Full company description

Afcons Infrastructure Limited, together with its subsidiaries, engages in infrastructure, engineering, and construction businesses in India and internationally. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Afcons Infrastructure Limited 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.

AFCONS screens 47% overvalued. Compare with Larsen & Toubro Limited →

Peer Group

Engineering & Construction · 834 stocks

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.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Explore undervalued stocks

More undervalued Industrials stocks →

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.