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A2Z Infra Engineering Limited
(A2ZINFRA)
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Rating:53Neutral
Price Target:
₹15.50
▲(26.12% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weaker financial durability (high leverage and a sharp FY2026 cash flow reversal despite improving revenue and net income) and an expensive valuation (P/E 63.9 with no dividend yield provided). These are partially offset by strong technical momentum, although overbought signals increase near-term risk.
Positive Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue rebound indicates renewed business activity and demonstrates that the company can recover after a weaker period. If maintained, stronger project volume can improve operating leverage, support workforce utilization, and provide a foundation for more consistent earnings over the next several quarters.
Negative Factors
Elevated Leverage and Thin Equity Cushion
Debt remains large relative to equity, leaving the company with a thin capital cushion against project setbacks or weaker operating conditions. Elevated leverage can restrict financial flexibility, increase financing obligations, and make it harder to fund expansion or absorb volatility without relying on additional borrowing.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue rebound indicates renewed business activity and demonstrates that the company can recover after a weaker period. If maintained, stronger project volume can improve operating leverage, support workforce utilization, and provide a foundation for more consistent earnings over the next several quarters.
Read all positive factors
A2Z Infra Engineering Limited (A2ZINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.72B
Dividend Yield0.92%
Average Volume (3M)51.83K
Price to Earnings (P/E)74.2
Beta (1Y)1.20
Revenue Growth5.88%
EPS Growth-62.07%
CountryIN
Employees5,723
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.21
Shares Outstanding177,522,350
10 Day Avg. Volume22,456
30 Day Avg. Volume51,834
Financial Highlights & Ratios
PEG Ratio-1.23
Price to Book (P/B)5.60
Price to Sales (P/S)0.72
P/FCF Ratio-15.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
A2Z Infra Engineering Limited Business Overview & Revenue Model
Company Description
A2Z Infra Engineering Limited, founded in Gurugram, India in 2002, is an international provider of comprehensive infrastructure solutions, encompassing engineering, procurement, construction (EPC), and facility management services. The company's d...
How the Company Makes Money
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A2Z Infra Engineering Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
44
Neutral
Cash Flow
48
Neutral
| Breakdown | Jun 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.86B | 3.36B | 3.88B | 3.49B | 3.53B |
| Gross Profit | 2.52B | -510.55M | 2.14B | 2.16B | 1.62B |
| EBITDA | 197.84M | 249.15M | 58.12M | -853.91M | -1.41B |
| Net Income | 43.73M | 89.73M | -56.92M | -1.23B | -1.80B |
Balance Sheet | |||||
| Total Assets | 4.61B | 4.98B | 6.83B | 9.91B | 14.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.19B | 829.38M | 1.01B | 106.41M | 1.08B |
| Total Debt | 966.49M | 916.23M | 1.98B | 3.13B | 3.94B |
| Total Liabilities | 4.29B | 4.72B | 6.62B | 9.62B | 12.74B |
| Stockholders Equity | 494.74M | 451.66M | 321.80M | 380.50M | 1.59B |
Cash Flow | |||||
| Free Cash Flow | -183.15M | 508.80M | 846.64M | 485.39M | 364.63M |
| Operating Cash Flow | -166.15M | 542.14M | 953.28M | 550.92M | 381.36M |
| Investing Cash Flow | 110.94M | -124.26M | -105.29M | -70.06M | 249.13M |
| Financing Cash Flow | 50.53M | -392.39M | -939.99M | -465.63M | -678.48M |
A2Z Infra Engineering Limited Technical Analysis
Neutral
12.29
Price Trends
14.86
Positive
14.95
Positive
15.26
Positive
Market Momentum
0.11
Positive
47.59
Neutral
16.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:A2ZINFRA, the sentiment is Neutral. The current price of 12.29 is below the 20-day moving average (MA) of 15.71, below the 50-day MA of 14.86, and below the 200-day MA of 15.26, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 47.59 is Neutral, neither overbought nor oversold. The STOCH value of 16.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:A2ZINFRA.
A2Z Infra Engineering Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹7.72B | 14.36 | ― | 0.86% | 9.36% | -14.51% | |
57 Neutral | ₹2.57B | 10.53 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹14.44B | 16.25 | ― | 0.39% | 37.86% | 57.21% | |
53 Neutral | ₹2.72B | 74.17 | ― | 0.92% | 5.88% | -62.07% | |
46 Neutral | ₹2.99B | 71.83 | ― | 0.83% | 3.68% | -93.35% | |
45 Neutral | ₹3.53B | -23.47 | ― | 1.25% | 55.85% | 81.30% |
* General Sector Average
IN:A2ZINFRA
A2Z Infra Engineering Limited
15.35
-3.65
-19.21%
IN:MBLINFRA
MBL Infrastructure Limited
22.86
-22.35
-49.44%
IN:RPPINFRA
RPP Infra Projects Ltd.
60.27
-84.70
-58.43%
IN:SPMLINFRA
SPML Infra Limited
171.60
-106.55
-38.31%
IN:DENTA
Denta Water and Infra Solutions Limited
289.05
-129.40
-30.92%
IN:GLOBECIVIL
Globe Civil Projects Ltd.
43.08
-33.82
-43.98%
A2Z Infra Engineering Limited Corporate Events
A2Z Infra MD Amit Mittal Released on Bail by Chhattisgarh High Court
Jul 6, 2026
A2Z Infra Engineering Limited has disclosed that its Managing Director, CEO and promoter, Amit Mittal, who also serves as a non-executive director of its material subsidiary A2Z Infraservices Ltd., has been released on bail by the High Court of Ch...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.