Is Afcons Infrastructure a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Afcons Infrastructure Ltd is a good quality company .

Is Afcons Infrastructure undervalued or overvalued?

The key valuation ratios of Afcons Infrastructure Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Afcons Infrastructure share price return in the past 10 years?

Data is not available for this company

Is Afcons Infrastructure a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Afcons Infrastructure Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Afcons Infrastructure?

The latest standalone P/E ratio of Afcons Infrastructure as of 21-Nov-2024 is 43.14.

What is the P/B ratio of Afcons Infrastructure?

The latest standalone P/B ratio of Afcons Infrastructure as of 21-Nov-2024 is 0.00.

What is the 52-week high and low of Afcons Infrastructure?

The 52-week high of Afcons Infrastructure is Rs. 513.00 and the 52-week low is Rs. 419.85.

Afcons Infrastructure Ltd - Stock Valuation and Financial Performance

Name: Afcons Infrastructure
Brand: Afcons Infrastructure

BSE: 544280 | NSE: AFCONS | Engineering - Construction | Small Cap

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Afcons Infra Share Price

₹487.85 7.30 1.52%
as on 21-Nov'24 16:59

10 Year X-Ray of Afcons Infra:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	12%	11.4%	14.1%	11.7%	15.1%	14.8%	22.4%	20.2%	19.1%	26.5%	-
Value Creation Index ⓘ	-0.1	-0.2	0.1	-0.1	0.1	0.1	0.7	0.5	0.4	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,727	3,013	4,322	5,740	5,851	7,732	9,255	8,931	10,499	12,467	12,467
Sales YoY Gr.	-	10.5%	43.5%	32.8%	1.9%	32.2%	19.7%	-3.5%	17.6%	18.8%	-
Adj EPS ⓘ	9	8.6	12.8	10.7	19.2	16.1	20.7	15.5	28.3	49.5	11.1
YoY Gr.	-	-4.2%	47.9%	-16.4%	79.2%	-16%	28.7%	-25.1%	82.5%	74.7%	-
BVPS (₹) ⓘ	82.5	91.2	140.5	146.4	161.1	178.3	203.6	218.2	248.6	308.3	0
Adj Net Profit ⓘ	64.9	62.2	92	76.9	138	116	149	112	204	356	410
Cash Flow from Ops. ⓘ	-19.8	246	183	472	769	685	824	810	570	1,198	-
Debt/CF from Ops. ⓘ	-67.6	5.8	11.3	4.3	2.2	2.3	2	2	2.7	1.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	18.4%	16.3%	10.4%	18.8%
Adj EPS ⓘ	20.8%	20.9%	33.7%	74.7%
BVPSⓘ	15.8%	13.9%	14.8%	24%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	7.1	5.8	7.2	5.2	8.9	6.9	8.2	5.7	9.6	14.5	7.2
Op. Profit Mgn % ⓘ	12.5	8.3	10.8	8.3	9.9	6.9	8.2	8.4	7.3	10.8	NAN
Net Profit Mgn % ⓘ	2.4	2.1	2.1	1.3	2.4	1.5	1.6	1.3	1.9	2.9	3.3
Debt to Equity ⓘ	1.3	1.3	1.4	1.3	1	0.9	0.8	0.8	0.7	0.6	-
Working Cap Days ⓘ	295	348	345	317	346	330	360	403	340	313	0
Cash Conv. Cycle ⓘ	89	104	22	-22	-13	7	-5	-9	10	0	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.44%

Net Profit is growing at healthy rate in last 3 years 33.66%

Debt to equity has declined versus last 3 years average to 0.59

Return on Equity has declined versus last 3 years average to 7.20%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Afcons Infrastructure Ltd

	Standalone	Consolidated
TTM EPS (₹)	11.1	12.2
TTM Sales (₹ Cr.)	12,467	13,268
BVPS (₹.) ⓘ	0	243
Reserves (₹ Cr.) ⓘ	7,462	8,570
P/BV ⓘ	0.00	1.98
PE ⓘ	43.14	39.30

From the Market
52 Week Low / High (₹)	419.85 / 513.00
All Time Low / High (₹)	419.85 / 513.00
Market Cap (₹ Cr.)	17,674
Equity (₹ Cr.)	367.8
Face Value (₹)	10
Industry PE ⓘ	35.9

Management X-Ray of Afcons Infra:

Shareholding Pattern

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Promoter's Holding & Share Pledging

Valuation of Afcons Infra

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Afcons Infra

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	2,727	3,013	4,322	5,740	5,851	7,732	9,255	8,931	10,499	12,467
Operating Expenses ⓘ	2,392	2,764	3,874	5,263	5,292	7,214	8,508	8,190	9,735	11,148
Manufacturing Costs	1,787	1,459	1,597	2,135	2,197	4,115	4,170	3,886	4,720	5,014
Material Costs	8	558	1,209	2,011	1,745	1,825	2,565	2,450	3,001	3,824
Employee Cost	374	420	509	585	633	695	884	868	1,039	1,268
Other Costs ⓘ	222	327	560	532	717	578	889	986	976	1,041
Operating Profit ⓘ	335	249	447	476	558	518	747	741	764	1,319
Operating Profit Margin (%)	12.3%	8.3%	10.4%	8.3%	9.5%	6.7%	8.1%	8.3%	7.3%	10.6%
Other Income ⓘ	73	156	135	103	148	203	251	223	294	217
Interest ⓘ	160	179	269	299	302	277	386	466	423	444
Depreciation ⓘ	146	125	155	166	195	235	234	245	351	469
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	103	101	158	114	209	210	378	253	283	623
Tax ⓘ	36	22	70	39	80	85	136	127	24	213
Profit After Tax	67	79	88	75	129	125	242	126	259	410
PAT Margin (%)	2.5%	2.6%	2.0%	1.3%	2.2%	1.6%	2.6%	1.4%	2.5%	3.3%
Adjusted EPS (₹)	9.3	11.0	12.2	10.4	17.9	17.4	33.6	17.5	36.0	56.9
Dividend Payout Ratio (%)	22%	14%	25%	29%	20%	20%	10%	20%	10%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	1,044	1,106	1,461	1,504	1,610	1,733	1,915	2,020	2,239	2,669
Share Capital ⓘ	522	522	522	522	522	522	522	522	522	522
Reserves ⓘ	522	584	939	982	1,088	1,211	1,394	1,498	1,717	2,147
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,176	1,144	1,878	1,894	1,510	1,445	1,509	1,308	1,414	1,385
Long Term Debt	553	624	858	831	756	650	573	473	402	596
Short Term Debt	623	520	1,020	1,063	754	794	936	836	1,012	789
Trade Payables	764	850	1,158	1,341	1,568	2,227	3,111	2,778	2,605	3,441
Others Liabilities ⓘ	626	1,329	2,154	2,097	3,022	4,490	6,116	5,907	6,495	6,523
Total Liabilities ⓘ	3,610	4,429	6,651	6,836	7,709	9,895	12,652	12,014	12,753	14,018
Fixed Assets
Gross Block	1,375	1,484	2,199	2,485	2,588	2,910	3,337	3,630	4,271	4,833
Accumulated Depreciation	458	585	720	874	1,022	1,251	1,425	1,644	1,966	2,386
Net Fixed Assetsⓘ	917	899	1,479	1,611	1,566	1,659	1,912	1,985	2,305	2,447
CWIP ⓘ	105	174	124	21	22	31	18	146	18	184
Investmentsⓘ	99	99	113	109	12	12	12	12	12	12
Inventories	1,063	1,383	494	515	498	818	1,020	887	1,247	1,571
Trade Receivables	476	590	485	712	1,328	1,863	2,287	2,365	2,189	2,046
Cash Equivalents	10	18	31	41	83	229	402	454	278	162
Others Assetsⓘ	941	1,265	3,925	3,827	4,200	5,284	7,003	6,166	6,705	7,597
Total Assets ⓘ	3,610	4,429	6,651	6,836	7,709	9,895	12,652	12,014	12,753	14,018

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-20	246	183	472	769	685	824	810	570	1,198
PBT ⓘ	103	101	88	75	209	210	378	253	283	623
Adjustment ⓘ	197	112	367	419	540	405	581	804	656	807
Changes in Working Capital ⓘ	-295	82	-256	27	76	188	-13	-200	-253	-132
Tax Paid ⓘ	-24	-49	-16	-49	-56	-118	-122	-48	-116	-100
Cash Flow From Investing Activity ⓘ	-95	-138	-177	-123	-40	-150	-334	-199	-207	-830
Capex	-94	-190	-230	-192	-169	-345	-396	-486	-352	-867
Net Investments	-86	-1	-3	-15	107	-1	-89	37	18	11
Others ⓘ	85	54	56	84	22	196	151	249	128	27
Cash Flow From Financing Activityⓘ	7	-101	-10	-355	-685	-391	-406	-543	-516	-471
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	56	177	155	-77	-42	-127	-110	175	-71	195
Interest Paid ⓘ	-147	-163	-244	-296	-303	-279	-386	-463	-428	-446
Dividend Paid ⓘ	-17	-11	-26	-26	-30	-25	-25	-25	-25	0
Others ⓘ	115	-104	105	44	-309	40	115	-229	8	-220
Net Cash Flow ⓘ	-107	7	-5	-5	44	144	84	68	-153	-103

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	13.08	12.64	10.52	7.27	11.64	10.24	17.6	8.3	15.44	20.44
ROCE (%)	11.96	11.43	14.14	11.74	15.06	14.8	22.39	20.16	19.07	26.54
Asset Turnover Ratio	0.82	0.75	0.78	0.85	0.8	0.88	0.82	0.72	0.85	0.93
PAT to CFO Conversion(x)	-0.3	3.11	2.08	6.29	5.96	5.48	3.4	6.43	2.2	2.92
Working Capital Days
Receivable Days	58	65	45	38	64	75	82	95	79	62
Inventory Days	120	148	79	32	32	31	36	39	37	41
Payable Days	0	506	298	227	304	379	380	439	327	289

Afcons Infrastructure Ltd Stock News

Afcons Infrastructure Ltd FAQs

What is the share price of Afcons Infra?

Company share prices are keep on changing according to the market conditions. The closing price of Afcons Infra on 21-Nov-2024 16:59 is ₹487.9.

What is the market cap of Afcons Infra?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Afcons Infra stood at ₹17,673.9.

What is the P/E ratio of Afcons Infra?

The latest P/E ratio of Afcons Infra as of 21-Nov-2024 16:59 is 43.14.

What is the P/B ratio of Afcons Infra?

The latest P/B ratio of Afcons Infra as of 21-Nov-2024 16:59 is 0.00.

What is the 52-week high and low of Afcons Infra?

The 52-week high of Afcons Infra is ₹513.0 and the 52-week low is ₹419.9.

What is the TTM revenue of Afcons Infra?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Afcons Infra is ₹12,467 ( Cr.) .

About Afcons Infrastructure Ltd

Afcons Infrastructure Limited originally began its operations as a civil construction firm in 1959 as a partnership between the Rodio Foundation Engineering Limited, Switzerland and Hazarat & Company, India under the name of ‘Rodio Foundation Engineering Limited and Hazarat & Company’. The Partnership Deed was amended from time to time as a result of addition or retirement of partners, and the partnership was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Bombay on July 27, 1961. Subsequently, a company was incorporated under the name of ‘Asia Foundations and Constructions Private Limited’ under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 22, 1976 issued by the RoC. Pursuant to an indenture dated March 22, 1977, the entire business and undertaking of the partnership firm i.e., Rodio Foundation Engineering Limited and Hazarat & Company was transferred to the company as a running concern.

Subsequent to the aforementioned transfer, the company became a deemed public limited company as per Section 43A of the Companies Act, 1956, and the name of the company was changed from ‘Asia Foundations and Constructions Private Limited’ to ‘Asia Foundations and Constructions Limited’. Subsequently, the name of the company was changed from ‘Asia Foundations and Constructions Limited’ to ‘Afcons Infrastructure Limited’ pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on July 25, 1996, and a fresh certificate of incorporation dated August 14, 1996, was issued to the company by the RoC. The Company’s status was converted from a deemed public company to a public limited company pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on November 4, 1997, and a fresh certificate of change of name was issued to the company by the RoC on November 11, 1997.

Afcons Infrastructure is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group (i.e., the group’s leading engineering and construction company), a diversified Indian conglomerate. It has a strong track record of executing numerous complex, challenging and unique engineering, procurement and construction (EPC) projects both within India and internationally. Over the years, it has expanded its presence globally and in particular across Asia, Africa and the Middle East. It has undertaken many complex, challenging, unique and ‘first of its kind’ infrastructure projects in India and the rest of the world.

Through its extensive and diversified experience and systematic knowledge management practices, it has developed a project management system that enables efficient planning, monitoring, control and timely delivery of the infrastructure projects that it undertakes. Further, the company maintains a strategic equipment base comprising a wide range of heavy machinery and specialized equipment. This equipment base, along with the ability to source other high-tech equipment and its in-house capabilities in managing specialized equipment, has been instrumental in winning several complex projects, such as the Atal tunnel, the High-Speed Railway Project, the Delhi - Meerut regional rapid transit system, Delhi Metro Phase IV projects, and the second liquid cargo berth at Dahej, Gujarat for Gujarat Chemical Port. It also benefits from the strong parentage of the Shapoorji Pallonji Group. The Shapoorji Pallonji Group has a legacy of years, and its strong reputation, global presence and extensive industry experience assists it in the growth of its business and operations. Additionally, it gains access to the Shapoorji Pallonji Group’s network enabling strategic collaborations, business development opportunities and knowledge sharing.

Business area of the company

The company is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group. It has a strong track record of executing numerous technologically complex EPC projects both within India and internationally.

Awards, accreditations or recognitions

2014: Afcons Infrastructure Oil & Gas BU received the Gold Award in Construction Sector for outstanding achievements in Safety Management at the Greentech Safety Award 2014.
2015: Received the Golden Peacock Environment Management Award 2015.
2015: Received the Construction World Award for being the Fastest Growing Construction Company (Large Category).
2016: Honoured with Infrastructure Company of the Year Award at Construction Week India Awards 2016.
2016: Received Most Admired Knowledge Enterprise (MAKE) Award 2016 – Global, Asia and India.
2017: Received the Construction Times Award 2017 for the Best Executed Road Project of the Year for Agra Lucknow Expressway Project.
2017: Received the Gold Award in Construction Sector for outstanding achievements in Safety Management at the Greentech Safety Award 2017.
2017: Received Most Admired Knowledge Enterprise (MAKE) Award 2017 - Global, Asia and India.
2018: Certified as a Great Place to Work (Jan 2018 - Dec 2018).
2018: Received Most Innovative Knowledge Enterprise (MIKE) Award 2018 - Global and India, from Global MIKE Study Group.
2019: Afcons Construction Mideast LLC received the silver award at the Royal Society for the Prevention of Accidents (RoSPA) Health and Safety Awards 2019 for improvement of Al Awir Road and International city access project- R1005/1 Dubai.
2019: Received the silver award at the Royal Society for the Prevention of Accidents (RoSPA) Health and Safety Awards 2019 for Vizhinjam International Seaport Project Thiruvananthapuram Kerala.
2019: Received the silver award at the Royal Society for the Prevention of Accidents (RoSPA) Health and Safety Awards 2019 for construction of 4.153km off-shore Island Breakwater at Chhara, Gujarat.
2019: Received Most Innovative Knowledge Enterprise (MIKE) Award 2019 – Global and India, from Global MIKE Study Group.
2020: Received the SHE Excellence Awards 2019-20 (Safety, Health & Environment) for being the winner in the Construction Sector by Confederation of Indian Industry (CII).
2020: Its Material Subsidiary was awarded the Gold Green Apple Award by The Green Organization.
2020: Received the Roads & Highways Project of the Year for Atal Tunnel at 10th Construction Week India Awards 2020.
2020: Received the StratComm Asia Summit and Awards 2020 for Covid-19 Crisis Management Initiative of the Year.
2020: Afcons Construction Mideast LLC received the International Safety Award 2020 by British Safety Council for Improvement of Al Awir Road and International City Accesses Project-R1005/1, Dubai.
2020: Afcons Construction Mideast LLC received the International Safety Award 2020 by British Safety Council for the Entrances to the Jewel of the Creek Development, Project: R777/4B1.
2020: Received the International Safety Award 2020 by British Safety Council for Gopalpur Port Project, Odisha, India, Job Code: 3749.
2020: Received Most Innovative Knowledge Enterprise (MIKE) Award 2020 – Global and India, from Global MIKE Study Group.
2021: Recognized as the Top Innovative Company (Large Enterprise in Service Sector) at the CII Industrial Innovation Award 2021.
2021: Received the Dream Employer of the Year award and the Dream Companies to Work for Oil & Gas Sector award from Times Ascent.
2021: Received the International Safety Award for Nagpur-Mumbai Super Communication Expressway Maharashtra Samruddhi Mahamarg PKG 14 by British Safety Council.
2021: Received Most Innovative Knowledge Enterprise (MIKE) Award 2021 – Global and India, from Global MIKE Study Group.
2022: Received ESG Excellence Award for Ahmedabad Construction sector at the 10th Global Safety Summit.
2022: Received the Environmental and Sustainability Award for Environmental Best Practices at the India Green Awards 2022.
2022: Received the Excellence in Waste Management Award for Kanpur Underground Metro Project.
2022: Received the Sustainability Champion Award for Kanpur Underground Metro Project.
2022: Received a certificate of appreciation for Excellence in Rail & Metro Projects Execution in the EPC & Construction category of awards at 2nd Urban Infra Business Summit & Awards 2022.
2022: Recognized among the top 15 companies 2022 in mid-sized companies category by AmbitionBox Best Places to Work in India.
2022: Received the International Project of the Year: RA 256 in Kuwait at the 20th Construction World Global Awards 2022.
2022: Received Kalinga Excellence Award (Platinum) 2021 for Katra-Dharam Bridge project at the 13th National Safety Conclave.
2022: Received six awards at the 2022 Public Relations Council of India Excellence Award.
2022: Received Disruption of the Year Award at the 5th edition of IFSEC India Awards.
2022: Received the OSH India Awards in the Environmental Management - Construction category.
2022: Received the OSH India Awards in the Excellence in Employee Competence - Construction category.
2022: Received Most Innovative Knowledge Enterprise (MIKE) Award 2022 - Global and India, from Global MIKE Study Group.
2023: Received International Safety Award by British Safety Council for Delhi-Meerut RRTS, NCRTC Package-6.
2023: Received International Safety Award by British Safety Council for NCRTC RRTS Project Package-8.
2023: Received Corporate Silver Award for long term planned intervention safety culture transformation by Forum of Behavioural Safety.
2023: Received ASSOCHAM ’s Annual Flagship Infrastructure Award 2023 for Chenab Rail - Segmental Arch Bridge for innovative bridge design and Maharashtra Samruddhi Mahamarg for fastest tunnel construction.
2023: Won the Metro Rail Contractor of the Year Award at the 13th Construction Week India Awards 2023.
2023: Won the National Project Excellence Award at the Project Management Associates (PMA) National Awards 2023 for the Chenab Railway Bridge Project.
2023: Won six awards at the 13th PRCI (Public Relations Council of India) Excellence Awards 2023.
2023: Recognised for the exemplary achievement in developing and implementing the most effective management system and procedures in the OHS&E, for the assessment period 2022 at the World Safety Organization National Office for India State Level OHS&E Awards – 2023.
2023: Recognised as the Gold Runner Up for the NCRTC Project Package - 8 at the 5th ICC National Occupation Health & Safety Awards 2023.
2023: Received the Best Infrastructure Development Company Award at the Zee Real Heroes Awards.
2023: Won the ‘Atal Shastra Markenomy - Best Private Sector Infra Construction Enterprise’ award at the 8th Atal Shastra Markenomy Awards 2023.
2023: Won the third prize for the newsletter (English) at the PRSI National Awards 2023.
2023: Recognised as a Winner in Service and Construction Category by Confederation of Indian Industry (CII) at the 10th CII-Northern Region EHS Competition on Environment, Health, and Safety Management (EHS).
2023: Awarded the National OHS Award (Large Enterprise - Construction Sector) at the 11th Global Safety Summit for the Kanpur Underground Metro Project.
2023: Won Most Innovative Knowledge Enterprise (MIKE) Award 2023 – Global and India including the Outstanding Global MIKE Award 2023.
2023: Received National ESG Excellence Award (Large Enterprise-Construction Sector) for Kanpur Underground Metro Project at the 11th Global Safety Summit.
2023: Recognised as one of the Top 50 Innovative Companies at the CII Industrial Innovation Awards 2023.
2023: Received IEI Industry Excellence (Platinum) Award 2023 for outstanding performance with high order of business excellence at the 38th Indian Engineering Congress organised by The Institution of Engineers (India).
2024: Received the Transport Trailblazer award at NDTV InfraShakti Awards 2024.
2024: Received CIDC Vishwakarma Awards for DMRC DC-05 Project, New Delhi in the ‘Construction Health, Safety and Environment’ category.
2024: Received the 15th CIDC Vishwakarma Awards Medal for Nagpur Metro Reach-2 in the ‘Best Construction Projects’ category.
2024: Won the Best Sustainability Project of the Year for Ahmedabad Metro Elevated C1 2463 project at Bharat CSR & Sustainability Summit & Awards 2024.
2024: Received the Employee Choice Award (ABECA) 2024 as the Top Rated Construction Company from AmbitionBox.
2024: Received the International Safety Award by the British Safety Council for Mokama Rail Bridge Project - 1329 and Meerut RRTS, NCRTC, Package-6.
2024: Received the Gold Award for Delhi-Meerut RRTS NCRTC - Package-6 from The Royal Society for the Prevention of Accidents at the RoSPA Health & Safety Awards.

History and milestones

1959: The partnership firm Rodio Foundation Engineering Limited, Switzerland and Hazarat & Company, India began operations as a civil construction firm.
1965: Rodio Foundation Engineering Limited and Hazarat & Company, India commenced marine construction operations.
1974: Entry of Rodio Foundation Engineering Limited and Hazarat & Company, India in the overseas market by construction of jetty and intake structure for desalination plant at Muscat.
1976: Established as a company,‘Asia Foundations and Construction Private Limited’.
1977: Acquired the business of Rodio Foundation Engineering Limited and Hazarat & Company, India through an Indenture dated March 22, 1977.
1979: Commenced bridge construction operations.
1987: Bagged its first project in Africa (Ethiopia).
1988: Entered road construction when large road projects funded by World Bank/ Asian Development Bank were put to tender.
1996: Renamed as ‘Afcons Infrastructure Limited’ due to major thrust in infrastructure related work.
2000: Shares of the Company were acquired by Sterling Investment Corporation Limited, a Shapoorji Pallonji Group company. Commenced operations in the elevated metro segment project – construction of elevated structures (viaduct) Tis Hazari, Tri Nagar.
2001: Crossed a total income of Rs 3000 million.
2002: Certified as ISO 9001:2000 by BVQI.
2003 Bagged the Delhi Metro Barakhamba underground metro station contract.
2005: Commenced operations in the hydro segment - Kol Dam Hydro Electric Power Project in the state of Himachal Pradesh.
2005: Commenced operations in the rail tunnel segment - B.G. Single Line Tunnels, Katra-Laole section of Udhampur-Srinagar-Baramulla Rail Link Project.
2005: Crossed a total income of Rs 5000 million
2006: Bagged a project in Mauritius - Construction of Oil Jetty at Port Louis Harbour, Mauritius.
2007: Crossed a total income of Rs 10,000 million.
2007: Bagged the Vallarpadam Rail Bridge Project - an 8.86 km long rail corridor including 4.62 km longest railway bridge in India.
2008: Bagged the project for developing the Nad Al Sheba Racecourse, United Arab Emirates.
2009: Won first offshore oil & gas business project - ICPR Process Platform.
2009: Bagged the Atal Tunnel Project at Rohtang–Recognized as ‘Longest Highway Tunnel above 10,000 feet’ by World Book of Records.
2010: Had pending order book of more than Rs 50,000 million.
2010: Entered into underground metro tunnelling segment with Kolkata underground metro: India’s first underwater tunnel below river (Hooghly) river and India’s deepest metro station.
2010: Bagged the Jammu-Udhampur 4-laning of NH-1A Project - One of the fastest hill road project completions in NHAI’s history.
2011: Bagged two packages for design and construction of the Chennai Underground Metro Project.
2013: Crossed a total income of Rs 30,000 million.
2014: Bagged the construction project of T49B tunnel at Dharam-Udhampur-Srinagar Baramulla railway line (India’s longest railway tunnel).
2014: Bagged two packages in six-lane green field Agra Lucknow Expressway Project, UP - India’s longest acces control expressway at the time of inauguration
2015: Crossed a total income of Rs 40,000 million.
2015: Had a pending order book of more than Rs 110,000 million.
2015: Bagged the Jawaharlal Nehru Port Trust Project India’s largest container port: Construction of Wharf and Approach trestle.
2016: Entered into Turnkey Railway segment with Tema to Akosombo, Ghana Railway Project - Ghana’s largest railway project and the project includes longest railway bridge in the country.
2016: Entered into Irrigation segment with Annaram Barrage Project – Part of Kaleshwaram Lift Irrigation Project (KLIP): World’s largest multi-stage lift irrigation project.
2016: Bagged the Mahatma Gandhi Setu, Patna project.
2017: Crossed a total income of Rs 60,000 million.
2017: Entered into International Water Supply segment – Extension of Water Transmission Pipeline from Lake Victoria to Tabora, Nzega and Igunga.
2018: Had a pending order book of more than Rs 200,000 million.
2018: Bagged Package 2 and Package 14 of Nagpur-Mumbai Expressway (Maharashtra Samruddhi Mahamarg).
2019: Crossed a total income of Rs 80,000 million.
2019: Had a pending order book of more than Rs 300,000 million.
2019: Bagged the Kanpur elevated metro project.
2020: Crossed the total income of Rs 100,000 million
2020: Entered into Regional Rapid Rail Transit System (RRTS) segment - Bagged the Meerut RRTS Corridor.
2021: Bagged the Greater Male Connectivity - Male to Thilafushi Link Project, Maldives–Biggest Infrastructure project in Maldives.
2022: Entered into Domestic Water Supply segment.
2022: Ranked amongst the top international contractors by ENR (Engineering News-Record, US): i) 10th largest international marine and port facilities contractor (only Indian company in top 25); ii) Ranked 12th in bridges sector in the world (only Indian company in top 25); iii) Ranked 42nd in transportation sector in the world (only Indian company in top 50); iv) Ranked 18th in transmission Lines and aqueducts in the world; and v) Ranked 43rd in Water Supply in the world.
2023: Won C2 Tunnel Package for Mumbai Ahmedabad High Speed Rail - India’s first 7 km long undersea tunnel.
2023: Entered into Onshore EPC Refinery Segment - Bagged the Crude Oil Terminal (COT) and associated facilities at Mundra, Gujarat.
2024: Achieved a total income of more than Rs 130,000 million.
2024: Won Jamrani Dam Project- largest dam project of the Company in terms of project value.