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PNC Infratech Ltd
(PNCINFRA)
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Rating:67Neutral
Price Target:
₹135.00
▼(-43.28% Downside)
Action:Reiterated
Date:10/14/26
The score is supported mainly by very attractive valuation (low P/E) and improving financial quality (lower leverage and a FY2026 cash-flow rebound). Offsetting these positives, technicals remain weak overall (below key longer-term moving averages with negative MACD) and financial consistency is still a concern due to recent revenue contraction and historically volatile margins/cash flow.
Positive Factors
Lower Leverage
Debt-to-equity has fallen materially and total debt has been reduced, strengthening the capital base and lowering balance-sheet pressure. This improves financial flexibility for project execution and makes the company better positioned to absorb contract timing variability over the next several quarters.
Negative Factors
Revenue Contraction
Revenue contracted for two consecutive years, including an approximately 6.2% decline in FY2026 after a flat FY2025. Persistent top-line weakness can reduce operating leverage, constrain new project capacity, and make earnings more dependent on execution of the existing order base.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
Debt-to-equity has fallen materially and total debt has been reduced, strengthening the capital base and lowering balance-sheet pressure. This improves financial flexibility for project execution and makes the company better positioned to absorb contract timing variability over the next several quarters.
Read all positive factors
PNC Infratech Ltd (PNCINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.87B
Dividend Yield0.48%
Average Volume (3M)156.08K
Price to Earnings (P/E)5.0
Beta (1Y)1.25
Revenue Growth1.82%
EPS Growth-21.49%
CountryIN
Employees4,990
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)28.54
Shares Outstanding256,539,150
10 Day Avg. Volume62,967
30 Day Avg. Volume156,079
Financial Highlights & Ratios
PEG Ratio2.42
Price to Book (P/B)0.60
Price to Sales (P/S)0.77
P/FCF Ratio1.11
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)15.13
Revenue Forecast (FY)₹56.14B
PNC Infratech Ltd Business Overview & Revenue Model
Company Description
PNC Infratech Limited, an Indian company established in Agra in 1989, is a key participant in the nation's infrastructure sector. Along with its subsidiaries, the firm specializes in the construction, development, and management of a wide array of...
How the Company Makes Money
PNC Infratech primarily makes money by executing infrastructure construction contracts awarded by government and public-sector clients (and, where applicable, private counterparties) under EPC and related contracting models. Revenue is recognized ...
PNC Infratech Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.34B | 53.68B | 67.69B | 86.50B | 79.56B | 70.22B |
| Gross Profit | 20.38B | 15.31B | 23.33B | 52.34B | 14.00B | 16.44B |
| EBITDA | 16.45B | 17.70B | 22.38B | 20.60B | 16.30B | 16.16B |
| Net Income | 7.32B | 8.32B | 8.15B | 9.09B | 6.58B | 5.80B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 138.58B | 180.59B | 156.10B | 126.32B | 106.45B |
| Cash, Cash Equivalents and Short-Term Investments | 30.25B | 30.25B | 24.33B | 17.93B | 9.37B | 10.50B |
| Total Debt | 0.00 | 51.70B | 93.64B | 80.25B | 62.82B | 47.93B |
| Total Liabilities | -68.13B | 70.45B | 120.70B | 104.25B | 83.47B | 70.17B |
| Stockholders Equity | 68.13B | 68.13B | 59.89B | 51.85B | 42.85B | 36.28B |
Cash Flow | ||||||
| Free Cash Flow | 41.89B | 37.23B | -8.79B | -2.82B | -15.17B | -5.80B |
| Operating Cash Flow | 41.89B | 40.49B | -8.44B | -2.31B | -14.54B | -4.99B |
| Investing Cash Flow | -3.41B | -1.04B | -3.24B | -2.50B | 3.43B | 247.26M |
| Financing Cash Flow | -46.29B | -42.14B | 13.08B | 10.67B | 10.05B | 1.48B |
PNC Infratech Ltd Technical Analysis
Negative
238.00
Price Trends
156.70
Negative
193.18
Negative
201.02
Negative
Market Momentum
-6.50
Negative
30.54
Neutral
18.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PNCINFRA, the sentiment is Negative. The current price of 238 is above the 20-day moving average (MA) of 138.53, above the 50-day MA of 156.70, and above the 200-day MA of 201.02, indicating a bearish trend. The MACD of -6.50 indicates Negative momentum. The RSI at 30.54 is Neutral, neither overbought nor oversold. The STOCH value of 18.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PNCINFRA.
PNC Infratech Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹30.64B | 8.05 | ― | 0.98% | -2.47% | -6.60% | |
67 Neutral | ₹31.87B | 5.04 | ― | 0.48% | 1.82% | -21.49% | |
66 Neutral | ₹43.11B | 19.89 | ― | 1.10% | -29.86% | -22.89% | |
59 Neutral | ₹27.73B | 7.03 | ― | 0.25% | -37.51% | -58.59% | |
56 Neutral | ₹27.06B | 1.09 | ― | 0.65% | -24.59% | 39.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹24.67B | 13.30 | ― | 0.53% | -3.14% | -57.80% |
* General Sector Average
IN:PNCINFRA
PNC Infratech Ltd
124.25
-155.14
-55.53%
IN:ASHOKA
Ashoka Buildcon Limited
96.40
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IN:HGINFRA
H.G. Infra Engineering Ltd.
378.55
-540.48
-58.81%
IN:JKIL
J. Kumar Infraprojects Limited
404.90
-252.53
-38.41%
IN:KNRCON
KNR Constructions Limited
98.60
-82.29
-45.49%
IN:MANINFRA
Man Infraconstruction Limited
106.80
-40.70
-27.60%
PNC Infratech Ltd Corporate Events
PNC Infratech’s H1 FY27 Profit Boosted by Arbitration Award and Asset Gains
Oct 28, 2026
PNC Infratech reported unaudited standalone revenue of Rs. 1,146 crore, EBITDA of Rs. 138 crore and PAT of Rs. 73 crore for the September 2026 quarter, with half-year standalone revenue at Rs. 2,664 crore, EBITDA at Rs. 513 crore and PAT at Rs. 34...
PNC Infratech to host Q2 FY27 earnings call with JM Financial
Oct 22, 2026
PNC Infratech Limited has announced that JM Financial Institutional Securities will host an earnings conference call with the company’s management on 29 October 2026 to discuss its unaudited financial results for the quarter and half year en...
PNC Infratech Hit by Three-Year NHAI Debarment on New Road Project Bids
Sep 14, 2026
PNC Infratech has disclosed that the National Highways Authority of India has extended the three-year debarment imposed on its subsidiary Awadh Expressway Private Limited to the company itself, as promoter of the concessionaire. As a result, PNC I...
CARE Places PNC Infratech Subsidiary Awadh Expressway on Rating Watch
Aug 18, 2026
Care Ratings Limited has reviewed the long-term bank facilities of PNC Infratech subsidiary Awadh Expressway Private Limited, reducing the rated amount from Rs 776.85 crore to Rs 757.43 crore and assigning a CARE A+ (RwD) rating. The facilities ha...
PNC Infratech addresses NHAI action over Kanpur-Lucknow Expressway maintenance
Aug 6, 2026
PNC Infratech has clarified media reports and a National Highways Authority of India press release regarding issues on the Kanpur-Lucknow Expressway, a six-lane hybrid annuity project completed by its subsidiary Awadh Expressway Private Limited. T...
PNC Infratech Wins Rs 302 Crore EPC Contract for Pantnagar Airport Upgrade
Jul 31, 2026
PNC Infratech Ltd has received a Letter of Intent from the Airports Authority of India for a major EPC contract at Pantnagar Airport in Uttarakhand. The Rs 302.44 crore project covers detailed design and construction of both cityside facilities, i...
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.