PBA Infrastructure Limited (PBAINFRA) AI Stock Analysis

PBA Infrastructure Limited

(NSE:PBAINFRA)

Select Model

Rating:41.1Neutral

Price Target:INR 5.50▲(0.00% Upside)

Action:reiterated

Date:10/02/26

The overall score is driven primarily by a very fragile financial position, including sustained losses, negative equity, high leverage, and inconsistent cash generation, which materially constrain the company’s resilience and outlook. Technicals add further downside risk, with the price entrenched below all key moving averages and momentum firmly negative despite oversold readings. A relatively low P/E ratio offers some valuation support, but it is not strong enough to offset the dominant financial and technical weaknesses, keeping the stock score near the lower end of the range.

Positive Factors

Infrastructure Contracting FocusPBA Infrastructure operates in civil construction and infrastructure contracting, serving both public- and private-sector clients. This gives the company an established business model tied to ongoing infrastructure execution needs, with potential access to varied project opportunities across its target markets.

Negative Factors

Sharp Revenue ContractionTwo consecutive years of revenue contraction weaken the company’s operating scale and reduce the base available to absorb fixed costs. Continued shrinkage can limit project capacity, reduce bargaining strength, and make a durable recovery in profitability more difficult over the next several quarters.

PBA Infrastructure Limited (PBAINFRA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 74.25M
Dividend Yield: ―
Average Volume (3M): 7,260
Price to Earnings (P/E): 8.3
Beta (1Y): 0.44
Revenue Growth: -46.58%
EPS Growth: -4976.81%
Country: India
Employees: 73
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

PBA Infrastructure Limited Business Overview & Revenue Model

Company Description

Founded in 1974 and headquartered in Mumbai, India, PBA Infrastructure Limited is a company focused on infrastructure development. The firm undertakes a broad spectrum of construction projects across India, including highways, bridges, airport runway...

PBA Infrastructure Limited Financial Statement Overview

Summary

Revenue and earnings are highly volatile and currently weak, with a recent sharp revenue decline, large operating and net losses, and periods of deeply negative gross results indicating structurally unprofitable projects. Equity has turned negative while debt remains high, and cash flows alternate between brief positive years and renewed cash burn, pointing to significant solvency and liquidity risk.

Income Statement

8Very Negative

Balance Sheet

5Very Negative

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	164.89M	233.53M	364.48M	604.95M	111.57M	188.17M
Gross Profit	-564.82M	-575.02M	21.41M	-43.30M	-862.39M	29.91M
EBITDA	-753.25M	-741.01M	58.03M	60.38M	-1.24B	37.69M
Net Income	-463.08M	-451.10M	12.22M	24.54M	-1.34B	17.11M
Balance Sheet
Total Assets	0	2.44B	3.31B	3.27B	3.18B	4.81B
Cash, Cash Equivalents and Short-Term Investments	171.26M	171.26M	189.20M	176.30M	87.17M	73.95M
Total Debt	0	4.05B	4.05B	4.06B	4.02B	4.31B
Total Liabilities	1.97B	4.41B	4.46B	4.44B	4.37B	4.65B
Stockholders Equity	-1.97B	-1.97B	-1.15B	-1.17B	-1.19B	152.09M
Cash Flow
Free Cash Flow	0	-17.01M	13.90M	-1,000	-22.98M	73.43M
Operating Cash Flow	0	-17.01M	13.90M	-136.66M	-22.98M	73.43M
Investing Cash Flow	0	-5.12M	6.01M	111.63M	19.38M	3.32M
Financing Cash Flow	0	-217.00K	-14.30M	45.10M	3.90M	-76.26M

PBA Infrastructure Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price5.50

Price Trends

50DMA7.90Negative

100DMA9.83Negative

200DMA9.92Negative

Market Momentum

MACD-0.66Negative

RSI35.15Neutral

STOCH62.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PBAINFRA, the sentiment is Negative. The current price of 5.50 is above the 20-day moving average (MA) of 5.47, below the 50-day MA of 7.90, and below the 200-day MA of 9.92, indicating a neutral trend. The MACD of -0.66 indicates Negative momentum. The RSI at 35.15 is Neutral, neither overbought nor oversold. The STOCH value of 62.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PBAINFRA.

PBA Infrastructure Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:PBAINFRA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KAUSHALYA	49Neutral	INR 284.32M	-53.10	―	―	576.73%	-108.98%
IN:PBAINFRA	41Neutral	INR 74.25M	8.30	―	―	-46.58%	-4976.81%
IN:MADHUCON	39Underperform	INR 291.49M	-0.09	―	―	-25.61%	46.82%
IN:RKEC	37Underperform	INR 466.62M	-0.90	―	―	-70.62%	-400.50%

* General Sector Average

Performance Comparison

IN:PBAINFRA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:PBAINFRA	PBA Infrastructure Limited	5.50	-9.08	-62.28%
IN:KAUSHALYA	Kaushalya Infrastructure Development Corporation Ltd	821.00	-179.00	-17.90%
IN:MADHUCON	Madhucon Projects Limited	3.95	-3.11	-44.05%
IN:RKEC	RKEC Projects Ltd.	19.45	-47.86	-71.10%
IN:SETUINFRA	Setubandhan Infrastructure Ltd	0.61	0.05	8.93%
IN:SKIL	SKIL Infrastructure Limited	1.16	-0.07	-5.69%

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.

Date of analysis: Oct 02, 2026

PBA Infrastructure Limited AI Stock Analysis