Afcons Infrastructure Limited IPO
Afcons infrastructure limited is the leading infrastructure, engineering, and construction arm of the Shapoorji Pallonji group, a diversified Indian conglomerate with a rich legacy spanning over six decades. The company has built a strong reputation in executing complex, challenging, and one-of-a-kind engineering, procurement, and construction (EPC) projects, both within India and internationally. They are ranked among India’s largest international infrastructure companies as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on international revenue for FY 2023.
Legacy and Proven Track Record
Over the past eleven financial years, along with the three-month period ending June 30, 2024, they have successfully completed 79 projects across 17 countries with a total executed contract value of ₹563.05 billion. As of June 30, 2024, they have 65 active projects across 12 countries, with an order book amounting to ₹317.47 billion. Their diversified global presence includes regions such as Asia, Africa, and the Middle East, where they have delivered multiple groundbreaking and pioneering projects.
Strategic Global Expansion
Their company has made significant strides in expanding its footprint across Asia, Africa, and the Middle East. This global diversification has enabled them to execute some of the most complex and challenging infrastructure projects in these regions, ranging from large-scale industrial developments to critical public infrastructure. They pride themselves on completing ‘first of its kind’ projects that set new benchmarks in the construction and engineering sectors, both in India and internationally.
Business Verticals
They operate through five major infrastructure business verticals, each addressing a specific aspect of the infrastructure and engineering sectors. Their diversified approach allows them to maintain a broad portfolio of projects across various sectors, ensuring a balanced and stable growth trajectory.
i. Marine and Industrial ii. Surface Transport iii. Urban Infrastructure
iv. Hydro and Underground v. Oil and Gas
Conclusion
Their diversified business model, consistent financial performance, and a global track record of delivering complex projects position them as one of the leading infrastructure companies in India and the world. With an ever-growing portfolio and a strong order book, they remain committed to driving innovation and excellence in the infrastructure and engineering sectors while expanding their global footprint.
Objects of the Afcons Infrastructure Limited IPO:
Afcons Infrastructure Limited IPO Details:
Open Date: | Oct 25 2024 |
Close Date: | Oct 29 2024 |
Total Shares: | 117,278,618 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 5,430.00 Cr. |
Lot Size: | 32 Shares |
Issue Price: | ₹ 440 - 463 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Nov 04 2024 |
Promoters And Management:
Financials of Afcons Infrastructure Limited IPO:
Particulars (in cr) | FY24 | Fy23 | Fy22 |
Revenue | 13646 | 12844 | 11269 |
Cost of material consumed | 4012 | 3851 | 3176 |
Cost of construction | 5293 | 5200 | 4939 |
Employee benefits expense | 1383 | 1298 | 1084 |
Other expenses | 1212 | 976 | 881 |
EBITDA | 1746 | 1519 | 1189 |
Finance Cost | 577 | 446 | 424 |
D&A | 494 | 471 | 355 |
PBT | 672 | 600 | 406 |
Tax | 222 | 188 | 48 |
PAT | 450 | 412 | 357 |
Comparison With Peers:
Particulars in (cr) | Sales | 3Y Sales Growth | EBITDA | OPM(%) | PAT | 3Y PAT Growth | NPM(%) | EV | EV/EBITDA | P/E |
Afcon Infra | 13646 | 10.40% | 1583 | 11.60% | 449 | 12.15% | 3.29% | 18000 | 11.37 | 37.86 |
L&T | 221000 | 18.85% | 29865 | 13.51% | 15540 | 21.79% | 7.03% | 594559 | 19.9 | 37 |
Dilip Buildcon | 12000 | 12.01% | 1421 | 11.84% | 201 | NA | 1.68% | 13450 | 9.47 | 42 |
KEC Intl. | 19900 | 20.38% | 1353 | 6.80% | 347 | 2.23% | 1.74% | 29000 | 21.4 | 66 |
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