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PNC Infratech Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹391.27Undervalued by 80.31%vs CMP ₹217.00

P/E (13.6) × ROE (13.9%) × BV (₹258.00) × DY (0.28%)

₹340.68Undervalued by 57.00%vs CMP ₹217.00
MoS: +36.3% (Strong)Confidence: 63/100 (Moderate)Models: 8 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹417.1622%Under (+92.2%)
Graham NumberEarnings₹425.3016%Under (+96%)
Earnings PowerEarnings₹63.6613%Over (-70.7%)
DCFCash Flow₹253.2213%Under (+16.7%)
Net Asset ValueAssets₹257.847%Under (+18.8%)
EV/EBITDAEnterprise₹506.849%Under (+133.6%)
Earnings YieldEarnings₹311.607%Under (+43.6%)
ROCE CapitalReturns₹556.837%Under (+156.6%)
Revenue MultipleRevenue₹263.525%Under (+21.4%)
Consensus (9 models)₹340.68100%Undervalued
Key Drivers: Wide model spread (₹64–₹557) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.6%

*Investments are subject to market risks

Analyst Summary

PNC Infratech Ltd operates in the Construction & Contracting segment, current market price is ₹217.00, market cap is 5,574 Cr.. At a glance, stock P/E is 13.6, ROE is 13.9 %, ROCE is 13.9 %, book value is 258, dividend yield is 0.28 %. The latest intrinsic value estimate is ₹340.68, which is about 57.0% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹6,769 Cr versus the prior period change of -21.7%, while latest net profit is about ₹815 Cr with a prior-period change of -10.3%. The 52-week range shown on this page is 332/158, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisPNC 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 L45201DL1…

This summary is generated from the stock page data available for PNC Infratech Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

56
PNC Infratech Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 13.9% GoodROE 13.9% GoodD/E 1.23 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 56.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (21% → 27%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -29% YoY DecliningProfit (4Q): -30% YoY DecliningOPM: 20.0% (down 6.0% YoY) Margin pressure
Industry Rank80/100 · Strong
P/E 13.6 vs industry 38.8 Cheaper than peersROCE 13.9% vs industry 6.5% Above peersROE 13.9% vs industry 9.1% 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 25, 2026, 11:36 pm

Market Cap 5,574 Cr.
Current Price 217
Intrinsic Value₹321.59
High / Low 332/158
Stock P/E13.6
Book Value 258
Dividend Yield0.28 %
ROCE13.9 %
ROE13.9 %
Face Value 2.00
PEG Ratio2.06

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 5,574 Cr. 217 332/15813.6 2580.28 %13.9 %13.9 % 2.00
Puravankara Ltd 5,081 Cr. 214 339/160 68.30.00 %6.04 %10.0 % 5.00
Ramky Infrastructure Ltd 3,474 Cr. 502 706/42015.5 2970.00 %16.8 %10.9 % 10.0
PSP Projects Ltd 2,890 Cr. 729 1,031/56980.1 3090.00 %8.70 %5.40 % 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,790 Cr. 213 323/15130.1 1050.00 %8.91 %7.78 % 2.00
Industry Average6,280.85 Cr186.7938.81102.940.05%6.51%9.08%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

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 and is it undervalued?

As of 26 April 2026, PNC Infratech Ltd's intrinsic value is ₹340.68, which is 57.00% higher than the current market price of ₹217.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (13.9 %), book value (₹258), dividend yield (0.28 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of PNC Infratech Ltd?

PNC Infratech Ltd is trading at ₹217.00 as of 26 April 2026, with a FY2026-2027 high of ₹332 and low of ₹158. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,574 Cr..

How does PNC Infratech Ltd's P/E ratio compare to its industry?

PNC Infratech Ltd has a P/E ratio of 13.6, which is below the industry average of 38.81. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is PNC Infratech Ltd financially healthy?

Key indicators for PNC Infratech Ltd: ROCE of 13.9 % is moderate. Dividend yield is 0.28 %.

Is PNC Infratech Ltd profitable and how is the profit trend?

PNC Infratech Ltd reported a net profit of ₹815 Cr in Mar 2025 on revenue of ₹6,769 Cr. Compared to ₹580 Cr in Mar 2022, the net profit shows an improving trend.

Does PNC Infratech Ltd pay dividends?

PNC Infratech Ltd has a dividend yield of 0.28 % at the current price of ₹217.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 11:36 pm
Author: Getaka|Social: XLinkedIn
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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