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Last Updated: April 2, 2026, 2:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533292 | NSE: A2ZINFRA

A2Z Infra Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.66Overvalued by 24.77%vs CMP ₹15.50

P/E (19.7) × ROE (28.9%) × BV (₹2.51) × DY (2.00%)

₹8.59Overvalued by 44.58%vs CMP ₹15.50
MoS: -80.4% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹18.9635%Under (+22.3%)
Graham NumberEarnings₹2.7121%Over (-82.5%)
Net Asset ValueAssets₹2.5011%Over (-83.9%)
EV/EBITDAEnterprise₹1.6514%Over (-89.4%)
Earnings YieldEarnings₹1.3011%Over (-91.6%)
Revenue MultipleRevenue₹9.548%Over (-38.5%)
Consensus (6 models)₹8.59100%Overvalued
Key Drivers: EPS CAGR 62.6% lifts DCF — verify sustainability. | Wide model spread (₹1–₹19) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 62.6%

*Investments are subject to market risks

Investment Snapshot

54
A2Z Infra Engineering Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 13.8% GoodROE 28.9% ExcellentD/E 1.09 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 28.2% Stable
Earnings Quality65/100 · Strong
OPM expanding (-22% → -11%) Improving
Quarterly Momentum60/100 · Moderate
Revenue (4Q): 2% YoY FlatOPM: 5.9% (up 7.6% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 19.7 vs industry 35.5 Cheaper than peersROCE 13.8% vs industry 37.7% Below peersROE 28.9% vs industry 16.9% Above peers3Y sales CAGR: -2% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:32 am

Market Cap 273 Cr.
Current Price 15.5
Intrinsic Value₹8.59
High / Low 23.2/12.3
Stock P/E19.7
Book Value 2.51
Dividend Yield0.00 %
ROCE13.8 %
ROE28.9 %
Face Value 10.0
PEG Ratio0.31

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for A2Z Infra Engineering Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
A2Z Infra Engineering Ltd 273 Cr. 15.5 23.2/12.319.7 2.510.00 %13.8 %28.9 % 10.0
GTV Engineering Ltd 273 Cr. 58.3 96.2/41.617.7 11.30.23 %28.5 %27.4 % 2.00
Fluidomat Ltd 297 Cr. 602 1,419/55018.3 1731.25 %42.2 %31.4 % 10.0
Hercules Hoists Ltd 300 Cr. 93.8 239/85.838.5 2690.00 %0.72 %0.71 % 1.00
Mold-Tek Technologies Ltd 325 Cr. 113 221/10152.0 45.10.89 %11.4 %8.61 % 2.00
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of A2Z Infra Engineering Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 96.5483.5590.7194.10101.9694.4597.9782.6478.4184.5690.6690.5194.72
Expenses 96.8184.0073.1393.72123.24114.23145.8880.9079.7487.4081.5683.7589.17
Operating Profit -0.27-0.4517.580.38-21.28-19.78-47.911.74-1.33-2.849.106.765.55
OPM % -0.28%-0.54%19.38%0.40%-20.87%-20.94%-48.90%2.11%-1.70%-3.36%10.04%7.47%5.86%
Other Income 1.21-65.52-40.721.8922.6521.6149.252.777.264.521.71-2.48-3.54
Interest 2.872.753.031.852.330.721.332.071.871.772.251.451.67
Depreciation 2.281.992.331.291.351.311.241.281.241.161.251.261.20
Profit before tax -4.21-70.71-28.50-0.87-2.31-0.20-1.231.162.82-1.257.311.57-0.86
Tax % 24.94%-23.12%123.44%81.61%51.08%825.00%-62.60%155.17%52.48%-24.80%82.49%63.69%55.81%
Net Profit -5.27-54.35-63.68-1.57-3.49-1.85-0.46-0.641.34-0.921.260.57-1.34
EPS in Rs -0.31-2.90-3.61-0.05-0.12-0.08-0.070.000.31-0.030.230.04-0.10

Last Updated: January 13, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6995941,349996709869700415353349388336385
Expenses 7876851,266933732821730448507348477330364
Operating Profit -89-908362-2448-30-34-1531-89721
OPM % -13%-15%6%6%-3%6%-4%-8%-43%0%-23%2%5%
Other Income 222835-62177333-1332513-869516-0
Interest 1421861982012066060602813687
Depreciation 32414643332714999555
Profit before tax -241-289-126-244-85294-237-77-177-106-5108
Tax % 2%-27%4%25%3%2%17%5%2%19%60%90%
Net Profit -247-209-132-306-87287-278-81-180-126-71-0
EPS in Rs -33.31-24.13-9.19-18.32-6.2817.32-15.73-4.61-10.22-6.98-0.320.510.13
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)15.38%36.84%-131.82%71.57%429.89%-196.86%70.86%-122.22%30.00%94.44%114.29%
Change in YoY Net Profit Growth (%)0.00%21.46%-168.66%203.39%358.32%-626.75%267.73%-193.09%152.22%64.44%19.84%

A2Z Infra Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-14%
3 Years:-2%
TTM:-9%
Compounded Profit Growth
10 Years:7%
5 Years:16%
3 Years:27%
TTM:126%
Stock Price CAGR
10 Years:1%
5 Years:34%
3 Years:17%
1 Year:19%
Return on Equity
10 Years:-30%
5 Years:-35%
3 Years:-12%
Last Year:25%

Last Updated: September 4, 2025, 9:55 pm

Balance Sheet

Last Updated: December 4, 2025, 12:53 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7487127145176176176176176176176176176
Reserves 843625364214196509237162-17-138-144-131-132
Borrowings 1,4091,5191,5901,6451,2604344775273943131989291
Other Liabilities 4855541,2351,2001,3121,0551,1031,007874639453362348
Total Liabilities 2,8112,7843,3163,2042,9442,1751,9931,8721,427991683498484
Fixed Assets 43853848434232116812211410773757371
CWIP 7346016033853101439191945558186
Investments 22200226213220156703600
Other Assets 1,6371,6442,2272,4772,3131,6381,5671,4481,071793514408407
Total Assets 2,8112,7843,3163,2042,9442,1751,9931,8721,427991683498484

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -94305663583-26-738559554
Cash from Investing Activity + -2982214571125-7-11-12
Cash from Financing Activity + 119-47-21-17-82-9517-1-68-47-94-39
Net Cash Flow -4-9651-43-6-24-52-93
Free Cash Flow -1553215582981-32-953508551
CFO/OP 88%-45%18%112%-200%210%52%44%-25%3,958%-103%827%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-90.00-91.0082.0061.00-25.00-386.00-507.00-561.00-547.00-312.00-287.00-85.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 423489310489674413478794528339147114
Inventory Days 9011943334023900
Days Payable 3945725311,2271,6282,7517,071
Cash Conversion Cycle 11936-178-705-914413478794-2,199-6,641147114
Working Capital Days 58-46-61-82-7512-54-144-240-208-160-110
ROCE %-5%-5%3%3%-1%3%-2%-2%-21%7%-20%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%
FIIs 1.61%1.61%1.61%1.61%1.61%1.64%1.62%1.28%1.03%0.89%0.84%0.81%
DIIs 0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.11%0.10%0.10%0.10%0.10%
Public 70.24%70.25%70.23%70.24%70.25%70.20%70.22%70.46%70.73%70.85%70.90%70.94%
No. of Shareholders 45,41444,96943,96242,70041,79042,18741,23242,49742,93442,87742,19641,406

Shareholding Pattern Chart

No. of Shareholders

A2Z Infra Engineering Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.51-0.32-6.98-10.22-4.61
Diluted EPS (Rs.) 0.51-0.32-6.98-10.22-4.61
Cash EPS (Rs.) 0.451.82-6.88-8.89-3.85
Book Value[Excl.RevalReserv]/Share (Rs.) 2.301.561.378.4118.54
Book Value[Incl.RevalReserv]/Share (Rs.) 2.301.561.378.4118.54
Revenue From Operations / Share (Rs.) 19.0922.0619.8420.0623.56
PBDIT / Share (Rs.) 1.72-0.941.93-7.43-0.23
PBIT / Share (Rs.) 1.44-1.241.43-7.95-0.75
PBT / Share (Rs.) 0.681.68-6.25-9.23-4.15
Net Profit / Share (Rs.) 0.171.52-7.38-9.41-4.37
NP After MI And SOA / Share (Rs.) 0.50-0.32-6.98-10.22-4.61
PBDIT Margin (%) 8.99-4.279.73-37.05-0.99
PBIT Margin (%) 7.52-5.607.21-39.61-3.20
PBT Margin (%) 3.577.62-31.51-46.01-17.62
Net Profit Margin (%) 0.896.91-37.20-46.89-18.54
NP After MI And SOA Margin (%) 2.66-1.46-35.17-50.91-19.57
Return on Networth / Equity (%) 22.15-20.67-368.08-116.45-24.37
Return on Capital Employeed (%) 35.15-27.3525.77-58.00-3.42
Return On Assets (%) 1.80-0.83-12.40-12.60-4.33
Long Term Debt / Equity (X) 0.010.030.110.030.00
Total Debt / Equity (X) 2.267.189.382.491.09
Asset Turnover Ratio (%) 0.560.460.280.090.10
Current Ratio (X) 0.770.720.790.810.89
Quick Ratio (X) 0.770.720.780.800.89
Inventory Turnover Ratio (X) 0.000.004.148.5223.37
Interest Coverage Ratio (X) 3.80-2.672.56-4.70-0.06
Interest Coverage Ratio (Post Tax) (X) 2.05-3.940.40-5.13-0.28
Enterprise Value (Cr.) 308.03420.11408.84538.53406.88
EV / Net Operating Revenue (X) 0.911.081.171.520.98
EV / EBITDA (X) 10.18-25.3112.01-4.11-98.95
MarketCap / Net Operating Revenue (X) 0.710.600.330.480.16
Price / BV (X) 5.938.603.511.100.20
Price / Net Operating Revenue (X) 0.710.600.330.480.16
EarningsYield 0.03-0.02-1.05-1.06-1.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

A2Z Infra Engineering Ltd. is a Public Limited Listed company incorporated on 07/01/2002 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L74999HR2002PLC034805 and registration number is 034805. Currently Company is involved in the business activities of Collection of non-hazardous waste. Company's Total Operating Revenue is Rs. 48.55 Cr. and Equity Capital is Rs. 176.12 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Infrastructure - GeneralO-116, 1st Floor, Gurgaon Haryana 122002Contact not found
Management
NamePosition Held
Ms. Atima KhannaChairperson (NonExe.&Ind.Director)
Mr. Amit MittalManaging Director & CEO
Mr. Arun GaurNon Exe.Non Ind.Director
Ms. Dipali MittalNon Exe.Non Ind.Director
Mr. Manoj TiwariNon Exe.Non Ind.Director
Ms. Ritu GoyalInd. Non-Executive Director
Mr. Parmatma Singh RathorInd. Non-Executive Director

FAQ

What is the intrinsic value of A2Z Infra Engineering Ltd and is it undervalued?

As of 18 April 2026, A2Z Infra Engineering Ltd's intrinsic value is ₹8.59, which is 44.58% lower than the current market price of ₹15.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (28.9 %), book value (₹2.51), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of A2Z Infra Engineering Ltd?

A2Z Infra Engineering Ltd is trading at ₹15.50 as of 18 April 2026, with a FY2026-2027 high of ₹23.2 and low of ₹12.3. The stock is currently in the middle of its 52-week range. Market cap stands at ₹273 Cr..

How does A2Z Infra Engineering Ltd's P/E ratio compare to its industry?

A2Z Infra Engineering Ltd has a P/E ratio of 19.7, which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is A2Z Infra Engineering Ltd financially healthy?

Key indicators for A2Z Infra Engineering Ltd: ROCE of 13.8 % is moderate; ROE of 28.9 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is A2Z Infra Engineering Ltd profitable and how is the profit trend?

A2Z Infra Engineering Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹336 Cr. Compared to ₹-180 Cr in Mar 2022, the net profit shows an improving trend.

Does A2Z Infra Engineering Ltd pay dividends?

A2Z Infra Engineering Ltd has a dividend yield of 0.00 % at the current price of ₹15.50. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in A2Z Infra Engineering Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE