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Last Updated: April 2, 2026, 3:29 am
Author: Getaka|Social: XLinkedIn

PNC Infratech Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:29 am

Market Cap 4,422 Cr.
Current Price 172
Intrinsic Value₹331.50
High / Low 332/158
Stock P/E10.8
Book Value 258
Dividend Yield0.35 %
ROCE13.9 %
ROE13.9 %
Face Value 2.00
PEG Ratio1.63

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

View Share Price Target for PNC Infratech Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
PNC Infratech Ltd 4,422 Cr. 172 332/15810.8 2580.35 %13.9 %13.9 % 2.00
Puravankara Ltd 4,168 Cr. 176 339/160 68.30.00 %6.04 %10.0 % 5.00
Ramky Infrastructure Ltd 3,158 Cr. 456 706/37414.1 2970.00 %16.8 %10.9 % 10.0
PSP Projects Ltd 2,465 Cr. 622 1,031/56968.3 3090.00 %8.70 %5.40 % 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,335 Cr. 169 323/15122.4 1050.00 %8.91 %7.78 % 2.00
Industry Average5,206.31 Cr157.2632.18102.960.06%6.53%9.16%7.10

All Competitor Stocks of PNC Infratech Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,8032,3052,0921,9112,0472,6002,1681,4271,4701,7041,4231,1281,201
Expenses 1,4591,8941,6551,5121,6151,8641,1991,0711,0911,3421,055875962
Operating Profit 345411436400432736969356379362367253239
OPM % 19%18%21%21%21%28%45%25%26%21%26%22%20%
Other Income 2024202117243037426335319437
Interest 122133147161169183190204224233187129128
Depreciation 44574841444440407441312630
Profit before tax 198244262219235533768149124151502292118
Tax % 30%40%31%32%21%26%25%44%34%50%14%26%35%
Net Profit 14014618114818539657583817543121677
EPS in Rs 5.455.697.045.777.2115.4322.423.253.172.9416.828.412.99

Last Updated: March 3, 2026, 3:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,3601,8612,8372,2522,4113,7745,6035,7887,2087,9568,6506,7695,455
Expenses 1,1841,5812,2141,6471,6482,7684,2754,3665,6746,3566,6454,7034,233
Operating Profit 1762806226057631,0071,3281,4221,5341,6002,0052,0661,222
OPM % 13%15%22%27%32%27%24%25%21%20%23%31%22%
Other Income 111212392447182107878182172646
Interest 6193257310309348439426425470660852678
Depreciation 4060213242262346351363390253177195128
Profit before tax 85139164922163607197408069571,2491,1921,063
Tax % 41%34%-27%-28%-12%2%24%33%28%31%27%32%
Net Profit 5191209118243351550497580658909815799
EPS in Rs 2.774.598.134.619.4713.7021.4319.3922.6225.6735.4531.7931.16
Dividend Payout % 5%7%6%11%5%4%2%3%2%2%2%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)78.43%129.67%-43.54%105.93%44.44%56.70%-9.64%16.70%13.45%38.15%-10.34%
Change in YoY Net Profit Growth (%)0.00%51.24%-173.21%149.47%-61.49%12.25%-66.33%26.34%-3.25%24.70%-48.49%

PNC Infratech 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:14%
5 Years:4%
3 Years:-2%
TTM:-31%
Compounded Profit Growth
10 Years:25%
5 Years:9%
3 Years:14%
TTM:-69%
Stock Price CAGR
10 Years:13%
5 Years:13%
3 Years:3%
1 Year:-32%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:16%
Last Year:15%

Last Updated: September 5, 2025, 12:20 pm

Balance Sheet

Last Updated: December 4, 2025, 1:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40405151515151515151515151
Reserves 6708311,3071,4101,6371,9732,5033,0023,5774,2345,1345,9386,572
Borrowings 1,0251,6921,6491,9062,0212,7753,5154,1924,7936,2828,0259,3645,069
Other Liabilities 2865341,8291,8512,1922,4552,4212,3302,2242,0662,4002,7052,086
Total Liabilities 2,0213,0974,8355,2195,9027,2548,4909,57510,64512,63215,61018,05913,778
Fixed Assets 6496832,4472,4052,2792,2341,9781,7971,4821,2911,159992549
CWIP 5931,482281160300000
Investments 10594661031692634445794243125117902,336
Other Assets 6748382,3202,7033,4434,7526,0687,1968,74011,03013,94016,27610,893
Total Assets 2,0213,0974,8355,2195,9027,2548,4909,57510,64512,63215,61018,05913,778

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 13924794285591197525190-499-1,454-231-56
Cash from Investing Activity + -555-968-170-202-252-444-230-25225343-250-261
Cash from Financing Activity + 458647117-135-211400254631481,0051,067456
Net Cash Flow 42-7441-511291535491-326-106586139
Free Cash Flow -403-739-10878460-864366-559-1,510-278-86
CFO/OP 98%106%15%49%77%22%53%30%-18%-74%6%17%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow175.00279.00621.00604.00761.00-1.00-2.00-3.00-3.00-5.00-6.00-7.00

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 5152531069050192534506968
Inventory Days 891329467751014558558383154
Days Payable 746682120203120801185975103156
Cash Conversion Cycle 661186652-3731-17-3630594965
Working Capital Days -2244491615-11-190142234
ROCE %10%11%15%13%15%16%21%17%15%15%16%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%
FIIs 9.52%10.26%10.78%10.98%11.85%10.83%10.05%6.95%7.10%7.14%6.99%6.95%
DIIs 29.39%28.50%28.10%27.24%26.96%26.36%25.50%26.60%26.26%25.90%26.51%26.22%
Public 5.03%5.18%5.06%5.72%5.12%6.75%8.39%10.36%10.57%10.91%10.43%10.77%
No. of Shareholders 77,01475,53079,24392,70698,8971,39,1831,64,0741,98,6451,86,8891,85,0741,77,2441,72,841

Shareholding Pattern Chart

No. of Shareholders

PNC Infratech Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 13,086,529 0.77 285.55N/AN/AN/A
HDFC Hybrid Equity Fund 7,357,600 0.67 160.54N/AN/AN/A
Axis Small Cap Fund 3,805,180 0.33 83.033,805,1802025-04-22 17:25:230%
HSBC Value Fund 3,696,367 0.55 80.653,775,0082025-12-08 01:15:27-2.08%
Nippon India Small Cap Fund 3,282,291 0.11 71.623,282,2912025-04-22 17:25:230%
UTI Value Fund 3,248,559 0.72 70.88N/AN/AN/A
UTI Mid Cap Fund 3,222,026 0.61 70.31,538,6962025-12-08 01:15:27109.4%
ICICI Prudential India Opportunities Fund 2,607,144 0.16 56.89N/AN/AN/A
HSBC Small Cap Fund 2,529,383 0.37 55.19N/AN/AN/A
ICICI Prudential Multicap Fund 2,308,729 0.32 50.38N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 31.7935.4525.6722.6319.37
Diluted EPS (Rs.) 31.7935.4525.6722.6319.37
Cash EPS (Rs.) 39.3742.3435.5437.8433.36
Book Value[Excl.RevalReserv]/Share (Rs.) 233.46202.11167.03141.42118.99
Book Value[Incl.RevalReserv]/Share (Rs.) 233.46202.11167.03141.42118.99
Revenue From Operations / Share (Rs.) 263.85337.18310.13280.97225.60
PBDIT / Share (Rs.) 87.2381.3165.5163.2859.61
PBIT / Share (Rs.) 79.6574.4255.6448.0745.45
PBT / Share (Rs.) 46.4548.6837.3231.4228.84
Net Profit / Share (Rs.) 31.7935.4525.6722.6319.20
NP After MI And SOA / Share (Rs.) 31.7935.4525.6722.6219.39
PBDIT Margin (%) 33.0624.1121.1222.5226.42
PBIT Margin (%) 30.1822.0717.9417.1020.14
PBT Margin (%) 17.6014.4312.0311.1812.78
Net Profit Margin (%) 12.0410.518.278.058.51
NP After MI And SOA Margin (%) 12.0410.518.278.048.59
Return on Networth / Equity (%) 13.6117.5415.3615.9916.29
Return on Capital Employeed (%) 13.0214.2813.3013.8114.68
Return On Assets (%) 4.515.825.215.455.19
Long Term Debt / Equity (X) 1.451.401.301.201.22
Total Debt / Equity (X) 1.561.551.461.321.23
Asset Turnover Ratio (%) 0.400.610.680.840.73
Current Ratio (X) 2.292.071.691.681.72
Quick Ratio (X) 1.931.731.291.401.50
Inventory Turnover Ratio (X) 8.3311.315.387.657.24
Dividend Payout Ratio (NP) (%) 1.881.411.942.210.00
Dividend Payout Ratio (CP) (%) 1.521.181.401.320.00
Earning Retention Ratio (%) 98.1298.5998.0697.790.00
Cash Earning Retention Ratio (%) 98.4898.8298.6098.680.00
Interest Coverage Ratio (X) 2.633.163.583.823.59
Interest Coverage Ratio (Post Tax) (X) 1.962.382.402.372.16
Enterprise Value (Cr.) 14191.2717826.7012972.5410683.389413.39
EV / Net Operating Revenue (X) 2.102.061.631.481.63
EV / EBITDA (X) 6.348.557.726.586.16
MarketCap / Net Operating Revenue (X) 0.951.290.930.921.14
Retention Ratios (%) 98.1198.5898.0597.780.00
Price / BV (X) 1.082.161.731.832.16
Price / Net Operating Revenue (X) 0.951.290.930.921.14
EarningsYield 0.120.080.080.080.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of PNC Infratech Ltd as of April 3, 2026 is: ₹310.93

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 3, 2026, PNC Infratech Ltd is Undervalued by 80.77% compared to the current share price ₹172.00

Intrinsic Value of PNC Infratech Ltd as of April 3, 2026 is: ₹331.50

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 3, 2026, PNC Infratech Ltd is Undervalued by 92.73% compared to the current share price ₹172.00

Last 5 Year EPS CAGR: 6.62%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 13.67, which is a positive sign.
  2. The company has shown consistent growth in sales (4.15 cr) and profit (329.31 cr) over the years.
  1. The stock has a low average ROCE of 14.83%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 37.17, which may not be favorable.
  3. The company has higher borrowings (4,023.69) compared to reserves (2,983.69), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in PNC Infratech Ltd:
    1. Net Profit Margin: 12.04%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.02% (Industry Average ROCE: 6.53%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.61% (Industry Average ROE: 9.16%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.96
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.93
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 10.8 (Industry average Stock P/E: 32.18)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.56
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

PNC Infratech Ltd. is a Public Limited Listed company incorporated on 09/08/1999 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L45201DL1999PLC195937 and registration number is 195937. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company's Total Operating Revenue is Rs. 5513.12 Cr. and Equity Capital is Rs. 51.31 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringNBCC Plaza, Tower-II, 4th Floor, Pushp Vihar, Sector-V, Saket, New Delhi Delhi 110017Contact not found
Management
NamePosition Held
Mr. Pradeep Kumar JainChairman & Managing Director
Mr. Chakresh Kumar JainManaging Director
Mr. Yogesh JainManaging Director
Mr. Anil Kumar RaoWhole Time Director
Mr. Talluri Raghupati RaoWhole Time Director
Mr. Krishan Kumar JalanIndependent Director
Mr. Subhash Chander KaliaIndependent Director
Mr. Naresh Kumar JainIndependent Director
Mrs. Seema SinghIndependent Director
Mr. Gauri ShankarIndependent Director

FAQ

What is the intrinsic value of PNC Infratech Ltd?

PNC Infratech Ltd's intrinsic value (as of 03 April 2026) is ₹331.50 which is 92.73% higher the current market price of ₹172.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹4,422 Cr. market cap, FY2026-2027 high/low of ₹332/158, reserves of ₹6,572 Cr, and liabilities of ₹13,778 Cr.

What is the Market Cap of PNC Infratech Ltd?

The Market Cap of PNC Infratech Ltd is 4,422 Cr..

What is the current Stock Price of PNC Infratech Ltd as on 03 April 2026?

The current stock price of PNC Infratech Ltd as on 03 April 2026 is ₹172.

What is the High / Low of PNC Infratech Ltd stocks in FY 2026-2027?

In FY 2026-2027, the High / Low of PNC Infratech Ltd stocks is ₹332/158.

What is the Stock P/E of PNC Infratech Ltd?

The Stock P/E of PNC Infratech Ltd is 10.8.

What is the Book Value of PNC Infratech Ltd?

The Book Value of PNC Infratech Ltd is 258.

What is the Dividend Yield of PNC Infratech Ltd?

The Dividend Yield of PNC Infratech Ltd is 0.35 %.

What is the ROCE of PNC Infratech Ltd?

The ROCE of PNC Infratech Ltd is 13.9 %.

What is the ROE of PNC Infratech Ltd?

The ROE of PNC Infratech Ltd is 13.9 %.

What is the Face Value of PNC Infratech Ltd?

The Face Value of PNC Infratech Ltd is 2.00.

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 PNC Infratech 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
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