Company Financial Rusult In Crore

About The Company

Afcons Infrastructure Limited, the flagship engineering and construction arm of the prestigious Shapoorji Pallonji Group, brings over six decades of expertise in delivering a wide range of innovative and complex EPC projects. With a strong reputation for excellence, Afcons is recognized as one of India largest international infrastructure companies, according to the 2023 ENR Top International Contractors rankings.

The company operates in the various industries such as transportation, marine, oil & gas, and urban infrastructure. It has also earned its reputation across the world due to its landmark projects in Asia, Africa, and the Middle East. This indicates that the company is concerned with innovation, excellent engineering accuracy, and efficient operation.

Afcons, as a global business and high-class execution entity, makes its future in the infrastructure domain in India and other parts of the world.

Afcons Infrastructure - Strength and Weakness

Strength 

Afcons Infrastructure has successfully completed 26 projects across 10 countries, with a total contract value of ₹255,041.42 million.

Globally recognized, Afcons is ranked 10th in marine and port facilities and 12th in bridges by the 2023 ENR rankings.

Afcons diverse order book has grown from ₹262,484.65 million in 2021 to ₹348,883.91 million in 2023, reflecting strong financial and operational performance.

Afcons has consistently won the MIKE award from 2018 to 2023 for its project management and knowledge practices excellence.

Weakness 

Afcons faces bidding risks; it won 6, 16, 16, and 12 projects in 2023, 2023, 2022, and 2021 respectively, and failed bids are non-recoverable.

Heavy reliance on government contracts, which constituted 68.42% of the order book as of September 30, 2023, exposes Afcons to policy and payment delays.

Capital intensity requires significant working capital; as of September 30, 2023, working capital loans stood at ₹13,904.47 million, impacting liquidity.

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