PNC Infratech Ltd: Intrinsic Value & Share Price Analysis

GETAKA RESEARCH Company fundamentals

Business & price at a glance

Stored data · Not a live quote

Share price₹135.00Price record: 26 September 2026, 6:52 am +05:30

Model estimate₹326.58Limited confidence · 3 model(s)

Return on capital7.97%ROCE · Latest stored data

Earnings multiple5.73×P/E · Compare with similar businesses

VALUATION CONTEXT

The model estimate is 141.9% above the stored share price. This gap depends on the valuation assumptions; it is not a predicted price move. Indicative estimate. Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given.

Explore the models

LATEST QUARTER

Revenue

+18.6%

Jun 2026 vs Jun 2025

Reported revenue: ₹1,688 Cr

LATEST QUARTER

Net profit

-23.0%

Jun 2026 vs Jun 2025

Reported net profit: ₹332 Cr

EARNINGS CHECK

Profit into cash

5.52×

Operating cash flow / net profit

Matched annual period: Mar 2026

₹5.52 of operating cash for each ₹1 of reported profit.

WHAT TO WATCH

Latest-quarter profit fell 23.0% year on year; profit across the last four reported quarters rose 9.4%. The latest quarter is weaker than the trailing trend. Check margins and exceptional items.

View financials

Reporting dates, coverage & sources

Annual: Mar 2026 · Quarterly: Jun 2026 · Cash flow: Mar 2026. These sections refresh independently. A recent price update does not mean the financial statements are current.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

CONNECT THE NUMBERS

What the numbers reveal

See how growth, cash and financing fit together. Open any measure for its interpretation and source.

6 measures available

Quarterly net margin

19.67%

-10.62 pp year on year

Jun 2026 vs Jun 2025

Why it matters & source

Each ₹100 of revenue produced ₹19.67 of reported net profit. Compare the change with tax and other-income movements.

Net profit ÷ revenue × 100. Change is in percentage points (pp), not percent growth.

Current: ₹332.00 Cr profit / ₹1,688.00 Cr revenue. Prior: ₹431.00 Cr / ₹1,423.00 Cr.

View source table

Revenue momentum gap

+25.10pp

Latest quarter +18.6% · trailing year -6.5%

Eight consecutive quarters ending Jun 2026

Why it matters & source

The latest quarter grew faster than the four-quarter trend. This comparison describes momentum; it does not predict the next quarter.

Latest-quarter revenue YoY growth minus revenue growth of the latest four quarters against the preceding four.

Latest quarter: ₹1,688.00 Cr vs ₹1,423.00 Cr. Four-quarter totals: ₹5,634.00 Cr vs ₹6,024.00 Cr.

View source table

Three-year cash backing

1.68×

Operating cash / reported profit

Mar 2024–Mar 2026 · 3 matched years

Why it matters & source

For every ₹1 of reported profit, the business generated ₹1.68 of operating cash across the matched years. Working capital, taxes and non-cash items can explain a gap.

Sum of operating cash flow ÷ sum of net profit over three consecutive, matching annual periods. This is not an average of yearly ratios.

Operating cash: ₹4,306.00 Cr. Net profit: ₹2,556.00 Cr.

View source table

Interest coverage

2.83×

Earnings before interest and tax / interest

Mar 2026 · annual P&L

Why it matters & source

Reported earnings before interest and tax cover the interest expense 2.8 times. Other income is included; principal repayments are not.

(Profit before tax + interest expense) ÷ interest expense.

Profit before tax: ₹1,067.00 Cr. Interest: ₹582.00 Cr.

View source table

Borrowings / book equity

0.76×

₹75.88 borrowed per ₹100 of equity

Mar 2026 · balance sheet

Why it matters & source

This compares reported borrowings with equity capital plus reserves. It is gross borrowing, not net debt; reserves are not cash.

Borrowings ÷ (equity capital + reserves), from the same balance-sheet date.

Borrowings: ₹5,170.00 Cr. Equity capital: ₹51.00 Cr. Reserves: ₹6,762.00 Cr.

View source table

Cash cycle change

+17days

66 days now · 49 days before

Mar 2025 vs Mar 2024

Why it matters & source

A shorter cycle can reduce the time cash is tied up in operations. A longer supplier-payment period can also shorten it, so read the components.

Cash cycle = debtor days + inventory days − payable days. Change = current cycle − prior-year cycle.

Current: 68 + 154 − 156 days. Prior: 69 + 83 − 103 days.

View source table

What growth does this price require?Change the assumptions and see the earnings hurdle

Start with the stored P/E of 5.73×. If the future P/E is lower, earnings must work harder to deliver the same price return.

Required annual EPS growth16.5%

For a 10% annual price return over 5 years at a future P/E of 4.30×.

Defaults illustrate a 25% fall in P/E, 10% annual price return and five years. They are assumptions, not forecasts. This is EPS growth, not total-profit growth; changes in share count matter. Dividends, taxes and costs are excluded.

Formula & data basis

Required growth = (1 + annual price return) × (current P/E ÷ future P/E)^{1 / years} − 1. Returns and growth use decimals in this formula.

Uses the stored P/E and its underlying earnings basis, which may differ from the dated financial tables. Quote record: 26 September 2026, 6:52 am +05:30.

Periods are matched within each calculation; different measures may use different reporting dates. Derived from the stored tables, not live filings. Check the source reporting basis before comparing companies. About ratio analysis.

Intrinsic value & reliability

Indicative estimateLimited confidence · 3 contributing models · 3 references · 10 methods checked

Intrinsic value estimate₹326.58

Model sensitivity range₹231.57 – ₹439.40

This is an assumption-based valuation, not a price target or a probability range. The number remains available for research; the evidence does not justify a firm overvalued/undervalued label.

Earnings basis: 3 reported annual EPS period(s), ending Mar 2026. The earnings-power model assumes no growth; growth businesses may trade well above that benchmark.

What limits confidence

Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given.

Annual earnings: Mar 2026 · Quarter: Jun 2026 · Balance sheet: Mar 2026. The price-update date does not refresh these financial statements.

Statement source: Screener company financials. Detailed cash/debt schedules: awaiting a validated refresh. Refreshes run outside Indian market hours.

All 10 valuation methods

All ten methods are assessed below; calculations appear when the required inputs are usable. Open a row’s details to see the formula, assumptions or missing data. Reference-only results do not change the intrinsic-value estimate.

Method	Value / share	Use in estimate	Calculation & inputs
Justified P/E from ROE	₹270.17	Included in estimate · 33.3%	Formula & sensitivity Normalised EPS × (1 + g) × (1 − g / ROE) ÷ (cost of equity − g). Matched opening-equity ROE 15.78%; sustainable growth 0%; assumed equity return 12% (10%–14%). The multiple comes from reinvestment economics, not the stock’s current market P/E. Model range: ₹231.57 – ₹324.20.
Graham benchmark	₹439.40	Included in estimate · 33.3%	Formula & sensitivity √(22.5 × normalised EPS × matched-year book value per share). A conservative historical benchmark, not a growth-company DCF. Model range: ₹439.40 – ₹439.40.
Normalised earnings power	₹270.17	Included in estimate · 33.3%	Formula & sensitivity Median of 3 reported annual EPS period(s), ending Mar 2026 ÷ assumed required return. Base 12%; sensitivity 10%–14%. A no-growth earnings-power benchmark; debt is not deducted twice. Model range: ₹231.57 – ₹324.20.
Discounted cash flow	Not available	Needs inputs / not applicable	See missing inputs Missing matched cash equivalents, non-controlling interests. A cash-flow valuation also needs usable FCFE components or three matched years of operating reinvestment inputs; non-positive equity results are not forced to zero.
Net assets / book equity	₹264.68	Reference only	Formula & sensitivity Dated share capital + reserves divided by current implied shares. Accounting net assets, not a property appraisal or liquidation value; excluded from the intrinsic-value blend. Model range: ₹264.68 – ₹264.68.
Peer EV/EBITDA	Not available	Needs inputs / not applicable	See missing inputs Missing matched cash equivalents, non-controlling interests.
Dividend discount	₹4.52	Reference only	Formula & sensitivity Median matched EPS × payout. Three positive payout years (up to 100%; spread ≤30 percentage points). Five-year dividend growth limited to −5%…5%; terminal growth ≤2%; discount-rate sensitivity 10%–14%. Values the continuation of the observed distribution policy; low payout can give a low dividend value despite valuable retained earnings. Median payout is below 30%; this continuation-of-dividends scenario does not value retained earnings adequately and is a reference with zero blend weight. Model range: ₹3.90 – ₹5.39.
Earnings-yield benchmark	₹270.17	Reference only	Formula & sensitivity Normalised EPS ÷ assumed earnings yield (12%; range 10%–14%). Mathematically the same no-growth estimate as earnings power, so it is displayed once as a reference and has zero extra blend weight. Model range: ₹231.57 – ₹324.20.
ROCE / economic value added	Not available	Needs inputs / not applicable	See missing inputs Missing matched cash equivalents, non-controlling interests.
Peer EV/revenue	Not available	Needs inputs / not applicable	See missing inputs Missing matched cash equivalents, non-controlling interests.

Equal weight per eligible model family, then equal weight within each family. Accounting, duplicate and peer-market references have zero intrinsic-value weight. The headline range covers contributing models and discount-rate sensitivity, not a confidence interval. Reference scenarios have their own ranges in the table.

Model assumptions and limitations

Growth, required returns and competitive fade are disclosed model assumptions. Cash, investments, debt and minority interests use book amounts as proxies; fair-value adjustments can materially change enterprise estimates. Reference-only methods and duplicate earnings-yield calculations have zero blend weight. Book value is an accounting reference, not a liquidation-value estimate or an automatic fair price.

How the safeguards work

A usable model provides an indicative estimate even when other inputs are missing. Older results, short histories, limited model coverage and cash-quality concerns reduce confidence instead of hiding every value. An annual earnings series whose latest period is older than 36 months is not reused; four consecutive quarters can provide a fallback when annual EPS is absent. Known earnings/share-basis conflicts and trailing losses exclude affected earnings models. Book-value problems exclude book-dependent models without removing a usable earnings-power model. Justified P/E uses matched ROE and reinvestment assumptions, never the current market P/E as its valuation multiple.

Financial businesses can use equity-earnings and eligible dividend models, with a sector-review warning. CFO is never substituted for free cash flow to equity. DCF uses verified FCFE or an explicit operating-reinvestment forecast; the latter and economic-profit valuation require matched debt, cash, investments and minority interests. Related enterprise models share one blend family. Low-payout dividends, accounting net assets, duplicate earnings yield and market peer multiples remain visible as references where appropriate. Extreme price gaps prompt a warning, not an invented price cap. An automatic overvalued/undervalued label requires three models across two families, consistent inputs, recent results and agreement across the full range.

Confidence describes evidence coverage, not a measured probability of accuracy. Even the moderate rating is an automated screen. Equity models assume a 12% required return (10%–14% sensitivity); enterprise models assume 10% WACC (8%–12%). These are disclosed scenarios, not measured company-specific costs of capital. A negative enterprise-to-equity sensitivity result indicates a claims shortfall, not a negative tradable share price. No-growth earnings power and Graham are conservative benchmarks; they do not fully capture future reinvestment or growth. Check current filings and corporate actions.

Method references: CFA Institute: cash-flow valuation · Damodaran: financial-service firms

Analysis summary

Data coverage: Price-data record updated 26 September 2026, 6:52 am +05:30. Annual results through Mar 2026; quarterly results through Jun 2026; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

PNC Infratech Ltd: the indicative intrinsic value estimate is ₹326.58, with a model sensitivity range of ₹231.57–₹439.40. Confidence: Limited. Reference share price: ₹135.00. Assessment: Indicative estimate. This range reflects model and required-return assumptions, not forecast probability or a buy/sell recommendation. Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given.

Operating performance

Revenue for Mar 2026 was ₹5,368.00 Cr, versus ₹6,769.00 Cr in Mar 2025 (-20.7% year on year). Net profit for Mar 2026 was ₹832.00 Cr, versus ₹815.00 Cr in Mar 2025 (2.1% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2026 period, operating cash flow was ₹4,593.00 Cr against net profit of ₹832.00 Cr. Cash flow covered 5.52 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹5,170.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The base required return is an assumed 12%, with 10%–14% sensitivity. Eligible dividend and FCFE models use capped terminal-growth assumptions explained in their model rows. Historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Business quality

PNC Infratech Ltd scores 62/100 (Average)

Fundamental screening score · Business quality and valuation are separate checks.

Data coverage: 5/5 dimensions. Financial reporting periods vary by section.

Open a dimension to see what drives its score. Stored ratio feeds and reporting dates can differ from the matched financial-statement calculations in Connect the numbers.

Stock Health51/100 · Moderate

Profitability, balance sheet strength, debt levels, profit consistency

ROCE 8.0% WeakROE 2.4% WeakD/E 1.56 High debtInterest Coverage 2.6x AdequateProfitable 5/5 available years Reported history

Ownership Trends50/100 · Moderate

FII/DII trends, promoter changes, shareholder count shifts

FII holding +0.33 pp (Dec 2025 → Jun 2026) Share increasedDII holding -2.39 pp (Dec 2025 → Jun 2026) Share decreasedPromoter holding at 56.1% Stable

Earnings Quality90/100 · Strong

Cash flow vs reported profit, margin trends, working capital efficiency

CFO/NP (3 matched years): 1.68x · Mar 2024–Mar 2026 Cash-backed earningsOPM expanding (22% → 26%) Improving

Quarterly Momentum53/100 · Moderate

Recent 4-quarter revenue and profit growth vs prior year

Revenue (4Q): -6% YoY DecliningProfit (4Q): +9% YoY PositiveOPM: 31.0% (up 5.0% YoY) Margin expansion

Peer Comparison60/100 · Moderate

P/E, ROCE, ROE, and growth vs industry averages

P/E 5.7 vs industry 21.0 Lower P/EROCE 8.0% vs industry 5.0% Above peersROE 2.4% vs industry 7.0% Below peers3Y sales CAGR: -12% Shrinking

How the quality score is calculated

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Peer Comparison 15% · Ownership Trends 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing dimensions are excluded and the remaining weights are rescaled. At least three dimensions are required for an overall score. Holding movements describe ownership shares, not proven trading flows. Broad industry groups and financial-sector accounting can limit comparability.

Share price & basic dataAll stored headline metrics · Expand table

Share Price and Basic Stock Data

Last Updated: September 26, 2026, 6:52 am

Market Cap	3,475 Cr.
Current Price	135
Intrinsic Value	₹326.58
High / Low	311/116
Stock P/E	5.73
Book Value	266
Dividend Yield	0.44 %
ROCE	7.97 %
ROE	2.41 %
Face Value	2.00
PEG Ratio	2.67

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Share price and model value are rupee amounts; P/E is an earnings multiple. Use the axis labels and hover or tap for the dated values.

Stock P/E Current Price Intrinsic Value

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	3,475 Cr.	135	311/116	5.73	266	0.44 %	7.97 %	2.41 %	2.00
PSP Projects Ltd	3,198 Cr.	807	1,143/569	47.5	318	0.00 %	7.53 %	4.29 %	10.0
Patel Engineering Ltd	2,739 Cr.	27.6	38.5/22.0	6.98	44.8	0.00 %	13.3 %	8.95 %	1.00
Ramky Infrastructure Ltd	2,160 Cr.	312	706/308	11.6	312	0.32 %	13.7 %	11.1 %	10.0
Simplex Infrastructures Ltd	1,983 Cr.	251	318/136	43.9	123	0.00 %	2.38 %	5.09 %	2.00
Industry Average	5,857.94 Cr	145.48		36.01	90.53	0.07%	5.86%	8.90%	5.85

All Competitor Stocks of PNC Infratech Ltd

Quarterly resultsRevenue, profit and margins by quarter · Expand table

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,803	2,305	2,092	1,911	2,047	2,600	2,168	1,427	1,470	1,704	1,423	1,128	1,201	1,617	1,688
Expenses	1,459	1,894	1,655	1,512	1,615	1,864	1,199	1,071	1,091	1,342	1,055	875	962	1,340	1,165
Operating Profit	345	411	436	400	432	736	969	356	379	362	367	253	239	277	524
OPM %	19%	18%	21%	21%	21%	28%	45%	25%	26%	21%	26%	22%	20%	17%	31%
Other Income	20	24	20	21	17	24	30	37	42	63	353	194	37	50	71
Interest	122	133	147	161	169	183	190	204	224	233	187	129	128	137	124
Depreciation	44	57	48	41	44	44	40	40	74	41	31	26	30	35	39
Profit before tax	198	244	262	219	235	533	768	149	124	151	502	292	118	155	432
Tax %	30%	40%	31%	32%	21%	26%	25%	44%	34%	50%	14%	26%	35%	30%	23%
Net Profit	140	146	181	148	185	396	575	83	81	75	431	216	77	108	332
EPS in Rs	5.45	5.69	7.04	5.77	7.21	15.43	22.42	3.25	3.17	2.94	16.82	8.41	2.99	4.20	12.94

Last Updated: September 26, 2026, 9:03 pm

Quarterly Chart

Read each series across reporting quarters. Hover or tap a point for the period and value; check the quarterly table for the underlying figures.

Annual profit & lossYearly operating and earnings history · Expand table

Profit & Loss - Annual Report

Last Updated: September 26, 2026, 9:03 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,360	1,861	2,837	2,252	2,411	3,774	5,603	5,788	7,208	7,956	8,650	6,769	5,368	5,634
Expenses	1,184	1,581	2,214	1,647	1,648	2,768	4,275	4,366	5,674	6,356	6,645	4,703	4,231	4,341
Operating Profit	176	280	622	605	763	1,007	1,328	1,422	1,534	1,600	2,005	2,066	1,137	1,293
OPM %	13%	15%	22%	27%	32%	27%	24%	25%	21%	20%	23%	31%	21%	23%
Other Income	11	12	12	39	24	47	182	107	87	81	82	172	634	352
Interest	61	93	257	310	309	348	439	426	425	470	660	852	582	518
Depreciation	40	60	213	242	262	346	351	363	390	253	177	195	122	130
Profit before tax	85	139	164	92	216	360	719	740	806	957	1,249	1,192	1,067	996
Tax %	41%	34%	-27%	-28%	-12%	2%	24%	33%	28%	31%	27%	32%	22%
Net Profit	51	91	209	118	243	351	550	497	580	658	909	815	832	732
EPS in Rs	2.77	4.59	8.13	4.61	9.47	13.70	21.43	19.39	22.62	25.67	35.45	31.79	32.42	28.54
Dividend Payout %	5%	7%	6%	11%	5%	4%	2%	3%	2%	2%	2%	2%	2%

Profit & Loss Yearly Chart

Compare the earnings trend across financial years. Hover or tap for values, then check the annual statement for exceptional items.

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
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%	2.09%
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%	12.43%

PNC Infratech Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 12 years from 2014-2015 to 2025-2026.

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 sheetAssets, equity and borrowings · Expand table

Balance Sheet

Last Updated: July 13, 2026, 3:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	40	51	51	51	51	51	51	51	51	51	51	51
Reserves	831	1,307	1,410	1,637	1,973	2,503	3,002	3,577	4,234	5,134	5,938	6,762
Borrowings	1,692	1,649	1,906	2,021	2,775	3,515	4,192	4,793	6,282	8,025	9,364	5,170
Other Liabilities	534	1,829	1,851	2,192	2,455	2,421	2,330	2,224	2,066	2,400	2,705	1,875
Total Liabilities	3,097	4,835	5,219	5,902	7,254	8,490	9,575	10,645	12,632	15,610	18,059	13,858
Fixed Assets	683	2,447	2,405	2,279	2,234	1,978	1,797	1,482	1,291	1,159	992	692
CWIP	1,482	2	8	11	6	-0	3	-0	-0	-0	0	4
Investments	94	66	103	169	263	444	579	424	312	511	790	788
Other Assets	838	2,320	2,703	3,443	4,752	6,068	7,196	8,740	11,030	13,940	16,276	12,375
Total Assets	3,097	4,835	5,219	5,902	7,254	8,490	9,575	10,645	12,632	15,610	18,059	13,858

Reserves and Borrowings Chart

Cash flow statementOperating, investing and financing flows · Expand table

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	247	94	285	591	197	525	190	-499	-1,454	-231	-56	4,593
Cash from Investing Activity +	-968	-170	-202	-252	-444	-230	-252	25	343	-250	-261	-67
Cash from Financing Activity +	647	117	-135	-211	400	254	63	148	1,005	1,067	456	-4,796
Net Cash Flow	-74	41	-51	129	153	549	1	-326	-106	586	139	-270
Free Cash Flow	-739	-108	78	460	-86	436	6	-559	-1,510	-278	-86	4,763
CFO/OP	106%	15%	49%	77%	22%	53%	30%	-18%	-74%	6%	17%	421%

Free cash flowCash remaining after capital expenditure · Expand table

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-739.00	-108.00	78.00	460.00	-86.00	436.00	6.00	-559.00	-1,510.00	-278.00	-86.00	4,763.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Free cash flow shows what remains after capital expenditure. Large investment years can reduce it; read the cash flow statement alongside the trend.

Financial efficiencyWorking-capital and operating-cycle measures · Expand table

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	51	52	53	106	90	50	19	25	34	50	69	68
Inventory Days	89	132	94	67	75	101	45	58	55	83	83	154
Days Payable	74	66	82	120	203	120	80	118	59	75	103	156
Cash Conversion Cycle	66	118	66	52	-37	31	-17	-36	30	59	49	65
Working Capital Days	-2	2	44	49	16	15	-11	-19	0	14	22	34
ROCE %	10%	11%	15%	13%	15%	16%	21%	17%	15%	15%	16%	14%

Financial Efficiency Indicators Chart

Shareholding patternOwnership shares across reporting dates · Expand table

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
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	10.78%	10.98%	11.85%	10.83%	10.05%	6.95%	7.10%	7.14%	6.99%	6.95%	7.18%	7.28%
DIIs	28.10%	27.24%	26.96%	26.36%	25.50%	26.60%	26.26%	25.90%	26.51%	26.22%	24.55%	23.83%
Public	5.06%	5.72%	5.12%	6.75%	8.39%	10.36%	10.57%	10.91%	10.43%	10.77%	12.21%	12.81%
No. of Shareholders	79,243	92,706	98,897	1,39,183	1,64,074	1,98,645	1,86,889	1,85,074	1,77,244	1,72,841	1,67,184	1,63,876

Shareholding Pattern Chart

No. of Shareholders

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

Mutual fund holdingsReported fund ownership · Expand table

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund	13,086,529	0.77	285.55	N/A	N/A	N/A
HDFC Hybrid Equity Fund	7,357,600	0.67	160.54	N/A	N/A	N/A
Axis Small Cap Fund	3,805,180	0.33	83.03	3,805,180	2025-04-22 17:25:23	0%
HSBC Value Fund	3,696,367	0.55	80.65	3,775,008	2025-12-08 01:15:27	-2.08%
Nippon India Small Cap Fund	3,282,291	0.11	71.62	3,282,291	2025-04-22 17:25:23	0%
UTI Value Fund	3,248,559	0.72	70.88	N/A	N/A	N/A
UTI Mid Cap Fund	3,222,026	0.61	70.3	1,538,696	2025-12-08 01:15:27	109.4%
ICICI Prudential India Opportunities Fund	2,607,144	0.16	56.89	N/A	N/A	N/A
HSBC Small Cap Fund	2,529,383	0.37	55.19	N/A	N/A	N/A
ICICI Prudential Multicap Fund	2,308,729	0.32	50.38	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key financial ratiosAlternate ratio feed and dated comparisons · Expand table

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	31.79	35.45	25.67	22.63	19.37
Diluted EPS (Rs.)	31.79	35.45	25.67	22.63	19.37
Cash EPS (Rs.)	39.37	42.34	35.54	37.84	33.36
Book Value[Excl.RevalReserv]/Share (Rs.)	233.46	202.11	167.03	141.42	118.99
Book Value[Incl.RevalReserv]/Share (Rs.)	233.46	202.11	167.03	141.42	118.99
Revenue From Operations / Share (Rs.)	263.85	337.18	310.13	280.97	225.60
PBDIT / Share (Rs.)	87.23	81.31	65.51	63.28	59.61
PBIT / Share (Rs.)	79.65	74.42	55.64	48.07	45.45
PBT / Share (Rs.)	46.45	48.68	37.32	31.42	28.84
Net Profit / Share (Rs.)	31.79	35.45	25.67	22.63	19.20
NP After MI And SOA / Share (Rs.)	31.79	35.45	25.67	22.62	19.39
PBDIT Margin (%)	33.06	24.11	21.12	22.52	26.42
PBIT Margin (%)	30.18	22.07	17.94	17.10	20.14
PBT Margin (%)	17.60	14.43	12.03	11.18	12.78
Net Profit Margin (%)	12.04	10.51	8.27	8.05	8.51
NP After MI And SOA Margin (%)	12.04	10.51	8.27	8.04	8.59
Return on Networth / Equity (%)	13.61	17.54	15.36	15.99	16.29
Return on Capital Employeed (%)	13.02	14.28	13.30	13.81	14.68
Return On Assets (%)	4.51	5.82	5.21	5.45	5.19
Long Term Debt / Equity (X)	1.45	1.40	1.30	1.20	1.22
Total Debt / Equity (X)	1.56	1.55	1.46	1.32	1.23
Asset Turnover Ratio (%)	0.40	0.61	0.68	0.84	0.73
Current Ratio (X)	2.29	2.07	1.69	1.68	1.72
Quick Ratio (X)	1.93	1.73	1.29	1.40	1.50
Inventory Turnover Ratio (X)	8.33	11.31	5.38	7.65	7.24
Dividend Payout Ratio (NP) (%)	1.88	1.41	1.94	2.21	0.00
Dividend Payout Ratio (CP) (%)	1.52	1.18	1.40	1.32	0.00
Earning Retention Ratio (%)	98.12	98.59	98.06	97.79	0.00
Cash Earning Retention Ratio (%)	98.48	98.82	98.60	98.68	0.00
Interest Coverage Ratio (X)	2.63	3.16	3.58	3.82	3.59
Interest Coverage Ratio (Post Tax) (X)	1.96	2.38	2.40	2.37	2.16
Enterprise Value (Cr.)	14191.27	17826.70	12972.54	10683.38	9413.39
EV / Net Operating Revenue (X)	2.10	2.06	1.63	1.48	1.63
EV / EBITDA (X)	6.34	8.55	7.72	6.58	6.16
MarketCap / Net Operating Revenue (X)	0.95	1.29	0.93	0.92	1.14
Retention Ratios (%)	98.11	98.58	98.05	97.78	0.00
Price / BV (X)	1.08	2.16	1.73	1.83	2.16
Price / Net Operating Revenue (X)	0.95	1.29	0.93	0.92	1.14
EarningsYield	0.12	0.08	0.08	0.08	0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of PNC Infratech Ltd and is it undervalued?

What share price and 52-week range are shown for PNC Infratech Ltd?

The stored share price is ₹135.00. Price-data record updated: 26 September 2026, 6:52 am +05:30. This is not a live quote. The stored 52-week high / low is 311/116; this is a rolling range, not a financial-year range.

How have PNC Infratech Ltd's revenue and profit changed?

Does PNC Infratech Ltd's profit convert into cash?

What should I check in PNC Infratech Ltd's balance sheet?

Reported borrowings were ₹5,170.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare PNC Infratech Ltd's P/E with other stocks?

The stored P/E is 5.73. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change PNC Infratech Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.