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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PNC Infratech Ltd

About the Company - PNC Infratech Ltd

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. 6305.50 Cr. and Equity Capital is Rs. 51.31 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingNBCC Plaza, Tower-II, 4th Floor, Pushp Vihar, Sector-V, Saket, New Delhi Delhi 110017complianceofficer@pncinfratech.com
http://www.pncinfratech.com
Management
NamePosition Held
Mr. Pradeep Kumar JainChairman & Managing Director
Mr. Chakresh Kumar JainManaging Director
Mr. Yogesh Kumar JainManaging Director
Mr. Anil Kumar RaoWhole Time Director
Mr. Talluri Raghupati RaoWhole Time Director
Mr. Krishan Kumar JalanIndependent Director
Mr. Subhash Chander KaliaIndependent Director
Ms. Deepika MittalIndependent Director
Mr. Ashok Kumar GuptaIndependent Director
Mr. Gauri ShankarIndependent Director

PNC Infratech Ltd. Share Price Update

Share PriceValue
Today₹426.50
Previous Day₹443.80

Basic Stock Data of PNC Infratech Ltd

Market Cap 11,192 Cr.
Current Price 436
High / Low469/261
Stock P/E17.0
Book Value 180
Dividend Yield0.11 %
ROCE14.8 %
ROE16.2 %
Face Value 2.00

Data Source: screener.in

Competitors of PNC Infratech Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Simplex Infrastructures Ltd 581 Cr. 102116/29.8 25.60.00 %0.67 %100 % 2.00
Sadbhav Engineering Ltd 583 Cr. 34.034.3/8.50 7.340.00 %4.85 %60.2 % 1.00
Ajmera Realty & Infra India Ltd 2,518 Cr. 710788/26028.5 2280.41 %7.48 %9.64 % 10.0
Dhanuka Realty Ltd 19.4 Cr. 25.027.6/7.25 9.940.00 %0.05 %11.2 % 10.0
Omaxe Ltd 1,917 Cr. 105122/42.0 38.60.00 %15.7 %32.6 % 10.0
Industry Average1,123.68 Cr195.205.7061.900.08%5.75%42.73%6.60

PNC Infratech Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,2481,5821,8641,4631,7981,7222,2262,0531,7951,8032,3052,0921,911
Expenses9441,1751,4441,1001,4321,3961,7461,5351,4691,4591,8941,6551,512
Operating Profit304407420363366325480518326345411436400
OPM %24%26%23%25%20%19%22%25%18%19%18%21%21%
Other Income23352422281819132420242021
Interest11098102103107103112107108122133147161
Depreciation92108899997116791044844574841
Profit before tax124237253183190124309321194198244262219
Tax %37%29%40%38%30%37%17%25%32%30%40%31%32%
Net Profit7917615011813283247241132140146181148
EPS in Rs3.076.875.864.595.163.239.649.385.155.455.697.045.77

PNC Infratech Ltd Quarterly Chart

PNC Infratech Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2731,3061,3601,8612,8372,2522,4113,7745,6035,7887,2087,9568,111
Expenses1,1201,1481,1841,5812,2141,6471,6482,7684,2754,3665,6746,3566,520
Operating Profit1531571762806226057631,0071,3281,4221,5341,6001,592
OPM %12%12%13%15%22%27%32%27%24%25%21%20%20%
Other Income73111212392447182107878184
Interest24256193257310309348439426425470563
Depreciation19234060213242262346351363390253190
Profit before tax1171128513916492216360719740806957923
Tax %33%33%41%34%-27%-28%-12%2%24%33%28%31%
Net Profit78755191209118243351550497580658614
EPS in Rs3.943.752.774.598.134.619.4713.7021.4319.3922.6225.6723.95
Dividend Payout %0%4%5%7%6%11%5%4%2%3%2%2%

PNC Infratech Ltd Profit & Loss Yearly Chart

PNC Infratech Ltd Growth

Compounded Sales Growth
10 Years:20%
5 Years:27%
3 Years:12%
TTM:6%
Compounded Profit Growth
10 Years:24%
5 Years:22%
3 Years:6%
TTM:-13%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:17%
1 Year:59%
Return on Equity
10 Years:16%
5 Years:18%
3 Years:17%
Last Year:16%

PNC Infratech Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital40404040515151515151515151
Reserves4545486708311,3071,4101,6371,9732,5033,0023,5774,2344,561
Borrowings3725881,0251,6921,6491,9062,0212,7753,5154,1924,7936,2827,082
Other Liabilities1762462865341,8291,8512,1922,4552,4212,3302,2242,0662,255
Total Liabilities1,0421,4222,0213,0974,8355,2195,9027,2548,4909,57510,64512,63213,949
Fixed Assets1114446496832,4472,4052,2792,2341,9781,7971,4821,2911,236
CWIP1932965931,4822811603000
Investments51921059466103169263444579424312275
Other Assets6885906748382,3202,7033,4434,7526,0687,1968,74011,03012,438
Total Assets1,0421,4222,0213,0974,8355,2195,9027,2548,4909,57510,64512,63213,949

PNC Infratech Ltd Reserves and Borrowings Chart

PNC Infratech Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -4331813924794285591197525190-499-1,454
Cash from Investing Activity -204-502-555-968-170-202-252-444-230-25225343
Cash from Financing Activity 250212458647117-135-211400254631481,005
Net Cash Flow42842-7441-511291535491-326-106

PNC Infratech Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9967515253106905019253450
Inventory Days1341078913294677510145585583
Days Payable77143746682120203120801185975
Cash Conversion Cycle15631661186652-3731-17-363059
Working Capital Days12565636747692017-992347
ROCE %20%14%10%11%15%13%15%16%21%17%15%15%

PNC Infratech Ltd Financial Efficiency Indicators Chart

PNC Infratech Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%56.07%
FIIs10.79%9.32%11.57%10.88%9.99%10.48%9.77%9.32%9.52%10.26%10.78%10.98%
DIIs27.71%29.17%28.33%28.92%26.83%28.57%29.10%29.58%29.39%28.50%28.10%27.24%
Public5.43%5.44%4.03%4.13%7.11%4.88%5.06%5.04%5.03%5.18%5.06%5.72%
No. of Shareholders60,94061,17550,05462,45477,87978,22276,84074,78077,01475,53079,24392,706

PNC Infratech Ltd Shareholding Pattern Chart

No. of PNC Infratech Ltd Shareholders

PNC Infratech Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan128865291.72436.21
HDFC Hybrid Equity Fund - Regular Plan73576001.18249.05
Axis Small Cap Fund38051800.72128.81
HSBC Value Fund37750081.26127.78
ICICI Prudential Smallcap Fund35658841.83120.71
Nippon India Small Cap Fund32822910.27111.11
Canara Robeco Small Cap Fund32032461.25108.43
HSBC Small Cap Fund - Regular Plan26473000.789.61
Kotak Emerging Equity Fund - Regular Plan20425070.1969.14
UTI Mid Cap Fund15386960.5552.08

PNC Infratech Ltd ROCE Trend

PNC Infratech Ltd EPS Trend

PNC Infratech Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)25.6722.6319.3721.4313.70
Diluted EPS (Rs.)25.6722.6319.3721.4313.70
Cash EPS (Rs.)35.5437.8433.3634.8527.17
Book Value[Excl.RevalReserv]/Share (Rs.)167.03141.42118.9999.5778.91
Book Value[Incl.RevalReserv]/Share (Rs.)167.03141.42118.9999.5778.91
Revenue From Operations / Share (Rs.)310.13280.97225.60218.39147.13
PBDIT / Share (Rs.)65.5163.2859.6158.5841.06
PBIT / Share (Rs.)55.6448.0745.4544.9127.56
PBT / Share (Rs.)37.3231.4228.8427.7813.99
Net Profit / Share (Rs.)25.6722.6319.2021.1813.67
NP After MI And SOA / Share (Rs.)25.6722.6219.3921.4313.70
PBDIT Margin (%)21.1222.5226.4226.8227.90
PBIT Margin (%)17.9417.1020.1420.5618.73
PBT Margin (%)12.0311.1812.7812.729.51
Net Profit Margin (%)8.278.058.519.699.29
NP After MI And SOA Margin (%)8.278.048.599.819.30
Return on Networth / Equity (%)15.3615.9916.2921.5217.35
Return on Capital Employeed (%)13.3013.8114.6815.8311.56
Return On Assets (%)5.215.455.196.474.84
Long Term Debt / Equity (X)1.301.201.221.271.24
Total Debt / Equity (X)1.461.321.231.281.25
Asset Turnover Ratio (%)0.680.840.730.830.64
Current Ratio (X)1.691.681.721.961.70
Quick Ratio (X)1.291.401.501.741.34
Inventory Turnover Ratio (X)5.387.657.246.445.04
Dividend Payout Ratio (NP) (%)1.942.210.004.663.65
Dividend Payout Ratio (CP) (%)1.401.320.002.841.83
Earning Retention Ratio (%)98.0697.790.0095.3496.35
Cash Earning Retention Ratio (%)98.6098.680.0097.1698.17
Interest Coverage Ratio (X)3.583.823.593.423.03
Interest Coverage Ratio (Post Tax) (X)2.402.372.162.242.01
Enterprise Value (Cr.)12972.5410683.389413.394782.166037.10
EV / Net Operating Revenue (X)1.631.481.630.851.60
EV / EBITDA (X)7.726.586.163.185.73
MarketCap / Net Operating Revenue (X)0.930.921.140.431.04
Retention Ratios (%)98.0597.780.0095.3396.34
Price / BV (X)1.731.832.160.951.93
Price / Net Operating Revenue (X)0.930.921.140.431.04
EarningsYield0.080.080.070.220.08

PNC Infratech Ltd Profitability Ratios (%)

PNC Infratech Ltd Liquidity Ratios

PNC Infratech Ltd Liquidity Ratios (%)

PNC Infratech Ltd Interest Coverage Ratios (%)

PNC Infratech Ltd Valuation Ratios

Fair Value / Intrinsic Value of PNC Infratech Ltd

Fair Value: ₹496.27

The stock is undervalued by 13.82% compared to the current price ₹436

*Investments are subject to market risks

Strength and Weakness of PNC Infratech Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.17%, which is a positive sign.
  2. The company has shown consistent growth in sales (3.46 cr) and profit (417.69 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 44.33 and average Dividend Yield of 18.89%.
  2. The stock has a high average Working Capital Days of 45.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 43.25, which may not be favorable.
  4. The company has higher borrowings (2,914.77) compared to reserves (2,054.38), which may suggest financial risk.

Should I Buy PNC Infratech Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PNC Infratech Ltd:
    1. Net Profit Margin: 8.27%
      • 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: 13.30% (Industry Average ROCE: 30.65%)
      • 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. Interest Coverage Ratio (Post Tax): 2.40
      • 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.
    4. Quick Ratio: 1.29
      • 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.
    5. ✓ Stock P/E: 16.6 (Industry average Stock P/E: 28.18)
      • 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.
    6. ✗ Total Debt / Equity: 1.46
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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