PNC Infratech Ltd

PNC Infratech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PNC Infratech Ltd

₹ 268 -2.16%
04 Apr 3:30 p.m.
pncinfratech.com BSE: 539150 NSE: PNCINFRA
About

PNC Infratech Limited was incorporated on 9th August 1999 as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech limited in 2007. PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.[1]

Key Points

Business Overview:[1]
PNC Infratech Limited provides infrastructure implementation solutions that include engineering, procurement, and construction ("EPC") services on a fixed-sum turnkey basis as well as on an item rate basis. It also executes and implements projects on a "Design-Build- Finance-Operate-Transfer" ("DBFOT"), Operate-Maintain-Transfer ("OMT"), Hybrid Annuity Mode (HAM) and other PPP formats. In the case of BOT and HAM, the company bid as a sponsor either alone or in the joint venture with other ventures and once the project is awarded then it is executed by incorporating a special purpose vehicle.

Website BSE NSE
  • Market Cap ₹ 6,862 Cr.
  • Current Price ₹ 268
  • High / Low ₹ 575 / 244
  • Stock P/E 6.04
  • Book Value ₹ 227
  • Dividend Yield 0.23 %
  • ROCE 15.8 %
  • ROE 18.8 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 1.18 times its book value
  • Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

  • Contingent liabilities of Rs.3,604 Cr.
  • Debtor days have increased from 51.0 to 68.9 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

Part of BSE 500 Nifty Total Market BSE Allcap BSE 250 SmallCap Index Nifty Smallcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
1,722 2,226 2,053 1,795 1,803 2,305 2,092 1,911 2,047 2,600 2,168 1,427 1,470
1,396 1,746 1,535 1,469 1,459 1,894 1,655 1,512 1,615 1,864 1,199 1,071 1,091
Operating Profit 325 480 518 326 345 411 436 400 432 736 969 356 379
OPM % 19% 22% 25% 18% 19% 18% 21% 21% 21% 28% 45% 25% 26%
18 19 13 24 20 24 20 21 17 24 30 37 42
Interest 103 112 107 108 122 133 147 161 169 183 190 204 224
Depreciation 116 79 104 48 44 57 48 41 44 44 40 40 74
Profit before tax 124 309 321 194 198 244 262 219 235 533 768 149 124
Tax % 37% 17% 25% 32% 30% 40% 31% 32% 21% 26% 25% 44% 34%
83 247 241 132 140 146 181 148 185 396 575 83 81
EPS in Rs 3.23 9.64 9.38 5.15 5.45 5.69 7.04 5.77 7.21 15.43 22.42 3.25 3.17
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,306 1,360 1,861 2,837 2,252 2,411 3,774 5,603 5,788 7,208 7,956 8,650 7,665
1,148 1,184 1,581 2,214 1,647 1,648 2,768 4,275 4,366 5,674 6,356 6,645 5,225
Operating Profit 157 176 280 622 605 763 1,007 1,328 1,422 1,534 1,600 2,005 2,440
OPM % 12% 13% 15% 22% 27% 32% 27% 24% 25% 21% 20% 23% 32%
3 11 12 12 39 24 47 182 107 87 81 82 133
Interest 25 61 93 257 310 309 348 439 426 425 470 660 801
Depreciation 23 40 60 213 242 262 346 351 363 390 253 177 198
Profit before tax 112 85 139 164 92 216 360 719 740 806 957 1,249 1,573
Tax % 33% 41% 34% -27% -28% -12% 2% 24% 33% 28% 31% 27%
75 51 91 209 118 243 351 550 497 580 658 909 1,136
EPS in Rs 3.75 2.77 4.59 8.13 4.61 9.47 13.70 21.43 19.39 22.62 25.67 35.45 44.27
Dividend Payout % 4% 5% 7% 6% 11% 5% 4% 2% 3% 2% 2% 2%
Compounded Sales Growth
10 Years: 20%
5 Years: 18%
3 Years: 14%
TTM: -8%
Compounded Profit Growth
10 Years: 33%
5 Years: 22%
3 Years: 24%
TTM: 72%
Stock Price CAGR
10 Years: %
5 Years: 24%
3 Years: 1%
1 Year: -36%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 40 40 40 51 51 51 51 51 51 51 51 51 51
Reserves 548 670 831 1,307 1,410 1,637 1,973 2,503 3,002 3,577 4,234 5,134 5,778
588 1,025 1,692 1,649 1,906 2,021 2,775 3,515 4,192 4,793 6,282 8,025 8,787
246 286 534 1,829 1,851 2,192 2,455 2,421 2,330 2,224 2,066 2,400 2,312
Total Liabilities 1,422 2,021 3,097 4,835 5,219 5,902 7,254 8,490 9,575 10,645 12,632 15,610 16,928
444 649 683 2,447 2,405 2,279 2,234 1,978 1,797 1,482 1,291 1,159 1,084
CWIP 296 593 1,482 2 8 11 6 0 3 0 0 0 0
Investments 92 105 94 66 103 169 263 444 579 424 312 511 881
590 674 838 2,320 2,703 3,443 4,752 6,068 7,196 8,740 11,030 13,940 14,963
Total Assets 1,422 2,021 3,097 4,835 5,219 5,902 7,254 8,490 9,575 10,645 12,632 15,610 16,928

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
318 139 247 94 285 591 197 525 190 -499 -1,454 -231
-502 -555 -968 -170 -202 -252 -444 -230 -252 25 343 -250
212 458 647 117 -135 -211 400 254 63 148 1,005 1,067
Net Cash Flow 28 42 -74 41 -51 129 153 549 1 -326 -106 586

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67 51 52 53 106 90 50 19 25 34 50 69
Inventory Days 107 89 132 94 67 75 101 45 58 55 83 83
Days Payable 143 74 66 82 120 203 120 80 118 59 75 103
Cash Conversion Cycle 31 66 118 66 52 -37 31 -17 -36 30 59 49
Working Capital Days 65 63 67 47 69 20 17 -9 9 23 47 54
ROCE % 14% 10% 11% 15% 13% 15% 16% 21% 17% 15% 15% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
56.07% 56.07% 56.07% 56.07% 56.07% 56.07% 56.07% 56.07% 56.07% 56.07% 56.07% 56.07%
9.99% 10.48% 9.77% 9.32% 9.52% 10.26% 10.78% 10.98% 11.85% 10.83% 10.05% 6.95%
26.83% 28.57% 29.10% 29.58% 29.39% 28.50% 28.10% 27.24% 26.96% 26.36% 25.50% 26.60%
7.11% 4.88% 5.06% 5.04% 5.03% 5.18% 5.06% 5.72% 5.12% 6.75% 8.39% 10.36%
No. of Shareholders 77,87978,22276,84074,78077,01475,53079,24392,70698,8971,39,1831,64,0741,98,645

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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