Afcons Infrastructure unlisted share
Afcons Infrastructure ltd
INE101I01011
Listing Status: DRHP Filed
About Afcons Infrastructure unlisted share
Overview of Afcons Infrastructure unlisted share
Afcons Infrastructure Ltd has emerged as one of the leading infrastructure construction companies by continuously delivering world-class projects in areas of marine, hydro and underground, water, highways, bridges, metro, tunnels, and onshore and offshore oil and gas.
- Focus areas of AIL includes marine works, highways, bridges, railways, metro works, hydro and underground, water, tunnels, oil & gas, LNG tanks.
- AIL has delivered projects in 30 countries across South Asia, Africa, Middle East and CIS.
- 10th largest international marine and port facilities contractor (only Indian company in top 25)
- Ranked 12th in bridges sector in the world (only Indian company in top 25)
- Ranked 42nd in transportation sector in the world (only Indian company in top 50)
- Ranked 18th in transmission Lines and aqueducts in the world
- Ranked 43rd in Water Supply in the world
Timeline
1959: Began operations as a civil construction firm 1959
1965: Commenced marine construction operations
1979: Commenced bridge construction operations
2000: Commenced operations in the elevated metro segment project
2005: Commenced operations in the hydro segment Commenced operations in the rail tunnel segment
2010: Entered into underground metro tunnelling segment
2016: Entered into Turnkey Railway segment Entered into Irrigation segment
2017: Entered into International Water Supply segment
2020: Entered into Regional Rapid Rail Transit System (RRTS) segment
2023: Entered into Onshore EPC Refinery Segment
Management
Shapoorji Pallonji Mistry - Non-Executive Chairman
- Bachelor’s degree in arts from Richmond College, London
- 37 years of experience in construction, real estate, infrastructure, water, oil & gas and renewable energy sector
- On the board of directors of companies such as Shapoorji Pallonji and Company Private Limited, Forbes & Company Limited and Sterling Investment Corporation Private Limited
Paramasivan Srinivasan - Managing Director
- Bachelor’s degree in commerce from Faculty of Commerce, Madurai University
- Member of the Institute of Cost Accountants of India and the Institute of Company Secretaries of India
- Stanford Certified Project Manager
- Over 40 years of experience in finance, secretarial and legal
- Previously associated with State bank of Travancore and Fouress Engineering (India) Limited
Projects
Chenab Railway Bridge, India: An arch bridge under construction on the Jammu-Baramulla line in the Indian state of Jammu and Kashmir. The bridge will be the highest railway bridge in the world.
Sohar Jetty Port of Sohar, Oman: A jetty port located in Sohar, Oman. The port is used for the export of crude oil and other products.
Atal Tunnel, Rohtang, India: The world's longest highway tunnel at an altitude of 3,000 meters (9,842 ft) above sea level. The tunnel is on the Leh-Manali highway in Himachal Pradesh.
New Owendo International Port, Gabon: A greenfield port project located in Owendo, Gabon. The port is designed to handle large vessels and will serve as a major gateway for trade in Central Africa.
Insights of Afcons Infrastructure unlisted share
Financial Insight
In Crs
Particulars | 31st Sep, 2023 | 31st March, 2023 | 31st March, 2022 |
Revenue | 6,655 | 12,844 | 11,270 |
EBITDA | 780 | 1,374 | 1,069 |
PBT | 287 | 599 | 406 |
PAT | 207 | 475 | 349 |
EPS | 12 | 10.5 |
- There has been a steady rise in the topline of 14% Y-o-Y basis for Mar 23.
- EBITDA has also grown by 28.5% Y-o-Y signifying operational effeciency. EBITDA margins has also increased from 10.7% in Mar 23 to 11.7% in Sep 23.
- PAT has shownsignificant growth of 36% Y-o-Y basis for Mar 23.
Order Book
AIL’s order book has increased at a CAGR of 7.6% from ₹262,484.6 million in the Financial Year 2021 to ₹304,057.7 million in the Financial Year 2023.
Revenue Split
Peer Comparison
Particulars | Revenue | PAT | EPS | CMP | MCAP | P/E | P/B |
Afcons Infrastructure Ltd | 12844 Cr | 475 | 12 | ₹130 | 4430 Cr | 9 | 1.3 |
Dilip Buildcon Ltd | 10712 Cr | (1.4) | - | ₹426 | 6229Cr | - | 1.5 |
Kalpataru Projects International Ltd | 16401 Cr | 435 | 29 | ₹1288 | 19950Cr | 46 | 4.25 |
K E C International Ltd | 17313 Cr | 254 | 7 | ₹785 | 20181Cr | 79.5 | 5 |
Industry Outlook
- Government spending: The Indian government is prioritizing infrastructure development with a significant increase in capital expenditure. This translates to a projected growth rate of 10.7% for the construction sector in FY 2024
- Overall Infrastructure Growth: India's infrastructure industry is expected to grow at a 9.9% CAGR, reaching ₹13,719.3 billion by FY 2028, indicating a strong market for Afcons' services
- Rising Demand Globally: There's a rising global demand for infrastructure development, offering Afcons access to a vast potential market beyond India.
IPO Plans
Afcons aims to raise ₹7,000 crore through the IPO. The majority of the funds, around ₹5,750 crore will come from selling existing shares held by the major shareholder, Goswami Infratech Pvt. Ltd.The remaining amount around ₹1250 crore will be fresh issue, meaning Afcons will get that money directly. The exact IPO date, share price band, and lot size are yet to be announced. The company is likely waiting for regulatory approval from SEBI. Afcons Infra is estimated to be valued between ₹19,000-20,000 crore for the IPO. This would make it one of the biggest infrastructure IPOs in India in recent times.
The company plans to utilize the funds for various purposes:
- ₹150 crore for capital expenditure on new equipment or projects.
- ₹350 crore to meet long-term working capital needs.
- ₹500 crore for debt repayment, which will help improve their financial health.
Financial Charts of Afcons Infrastructure unlisted share
Balance Sheet of Afcons Infrastructure unlisted share
Profit and Loss of Afcons Infrastructure unlisted share
Ancillary of Afcons Infrastructure unlisted share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Afcons Infrastructure unlisted share
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How to buy Afcons Infrastructure ltd?
Below are three ways through which you can purchase Afcons Infrastructure ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Afcons Infrastructure ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Afcons Infrastructure ltd?
Below are three ways through which you can sell Afcons Infrastructure ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Afcons Infrastructure ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Afcons Infrastructure ltd?
We provide a two way quote on all the shares we deal in. Your buy price for Afcons Infrastructure ltd is ₹193 and your sell price for Afcons Infrastructure ltd is ₹135. The price is based on our estimates and market conditions.
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What is the lock-in period of Afcons Infrastructure ltd?
The lock-in period for Afcons Infrastructure ltd varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Afcons Infrastructure ltd
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Afcons Infrastructure ltd
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Afcons Infrastructure ltd price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Afcons Infrastructure ltd. The price is also determined from the most recent funding round for Afcons Infrastructure ltd. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Afcons Infrastructure ltd?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Afcons Infrastructure ltd with us kindly click here.
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What are the financials of Afcons Infrastructure ltd?
The financials of Afcons Infrastructure ltd which includes the P/L of Afcons Infrastructure ltd and the Balance Sheet of Afcons Infrastructure ltd is in the financials section (Click on link).
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Where can I find the annual report of Afcons Infrastructure ltd?
The annual report of Afcons Infrastructure ltd is available in the annual report section (Click on link).
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Is buying Afcons Infrastructure ltd legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Afcons Infrastructure ltd?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Afcons Infrastructure ltd and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Afcons Infrastructure ltd once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Afcons Infrastructure ltd?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Afcons Infrastructure ltd from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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