---
title: "AVP Infracon Ltd (AVPINFRA) — Share Price, Financials & Analysis"
symbol: "AVPINFRA"
company: "AVP Infracon Ltd"
canonical: "https://tapetide.com/stocks/AVPINFRA"
isin: "INE0R9401019"
nse_symbol: "AVPINFRA"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 145.5
generated_at: "2026-09-13T18:23:25.107Z"
---

# AVP Infracon Ltd (AVPINFRA)

Canonical page: https://tapetide.com/stocks/AVPINFRA

## Company

- **NSE Symbol:** AVPINFRA
- **ISIN:** INE0R9401019
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-03-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** avpinfra.com

## About

Incorporated in 2009, AVP Infracon 
Ltd is in the business of construction[1]

## Latest Price

- **Price:** ₹58.8
- **Change:** -1.15 (-1.92%)
- **Open:** ₹59
- **Day High:** ₹60.75
- **Day Low:** ₹58.25
- **Previous Close:** ₹59.95
- **Volume:** 44800
- **As Of:** 2026-09-11T09:59:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:09.790182Z.

- **Market Cap:** ₹145.5 Cr
- **Classification:** SME
- **P/E (reported):** 3.5
- **Book Value:** ₹71.37
- **Price to Book:** 0.84
- **Dividend Yield:** 0%
- **ROE:** 26.25%
- **ROCE:** 34.35%
- **Debt to Equity:** 1.16
- **Revenue (yearly):** ₹441.44 Cr
- **Net Income:** ₹43.67 Cr
- **EBITDA:** ₹85.76 Cr
- **52-Week High:** ₹189.45
- **52-Week Low:** ₹54.5
- **RSI (14):** 47.92

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 26.5 | 9% |
| growth | 95.41 | 9% |
| momentum | 6.78 | 12% |
| ownership | 51.68 | 24% |
| quality | 65.14 | 22% |
| valuation | 61.74 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.82 times its book value
- Company has delivered good profit growth of 79.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
- Company's working capital requirements have reduced from 97.7 days to 62.4 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 44.48% | -234.49% | -218.84% |
| ebitda margin growth | -9.1% | -13.29% | — |
| net income growth | 31.14% | 52% | 80% |
| revenue growth | 49.64% | 58% | 49% |
| roce | 28.89% | 0.94% | — |
| roe | 34.48% | 28.83% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 63 | 88 | 96 | 177 | 193 | 228 |
| Expenses | 50 | 69 | 74 | 144 | 151 | 192 |
| Operating Profit | 13 | 19 | 22 | 33 | 42 | 35 |
| OPM % | 20 | 21 | 23 | 19 | 22 | 16 |
| Other Income | 1 | 1 | 1 | 3 | 1 | 3 |
| Interest | 2 | 4 | 4 | 7 | 9 | 10 |
| Depreciation | 1 | 1 | 2 | 2 | 3 | 3 |
| Profit before tax | 10 | 14 | 17 | 26 | 31 | 25 |
| Tax % | 25 | 23 | 27 | 23 | 25 | 24 |
| Net Profit | 7 | 11 | 13 | 20 | 23 | 19 |
| EPS in Rs | 15.15 | 4.41 | 5.11 | 8.14 | 9.28 | 7.59 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 58 | 64 | 106 | 151 | 272 | 421 |
| Expenses | 52 | 54 | 85 | 119 | 217 | 344 |
| Operating Profit | 6 | 10 | 21 | 32 | 55 | 77 |
| OPM % | 10 | 16 | 20 | 21 | 20 | 18 |
| Other Income | 0 | 0 | 0 | 2 | 4 | 4 |
| Interest | 2 | 3 | 4 | 7 | 12 | 19 |
| Depreciation | 1 | 2 | 2 | 3 | 4 | 6 |
| Profit before tax | 3 | 6 | 15 | 24 | 44 | 56 |
| Tax % | 28 | 29 | 23 | 24 | 24 | 24 |
| Net Profit | 2 | 4 | 12 | 18 | 33 | 42 |
| EPS in Rs | 22.6 | 8.31 | 24 | 7.32 | 13.25 | 16.86 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 5 | 5 | 25 | 25 | 25 |
| Reserves | 6 | 9 | 20 | 68 | 101 | 153 |
| Borrowings | 27 | 32 | 55 | 59 | 143 | 206 |
| Other Liabilities | 17 | 17 | 40 | 52 | 49 | 70 |
| Total Liabilities | 51 | 62 | 119 | 205 | 319 | 454 |
| Fixed Assets | 13 | 15 | 19 | 22 | 48 | 77 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 5 | 11 | 14 |
| Other Assets | 38 | 47 | 100 | 178 | 260 | 363 |
| Total Assets | 51 | 62 | 119 | 205 | 319 | 454 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 1 | -9 | -30 | -9 | -19 |
| Cash from Investing Activity | -12 | -6 | -7 | -10 | -52 | -63 |
| Cash from Financing Activity | 13 | 4 | 19 | 49 | 74 | 57 |
| Net Cash Flow | 0 | 0 | 3 | 8 | 12 | -25 |
| Free Cash Flow | -11 | -2 | -15 | -36 | -39 | -54 |
| CFO/OP | -8 | 28 | -42 | -84 | -9 | -9 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 86 | 83 | 33 | 131 | 82 | 122 |
| Inventory Days | 153 | 310 | 468 | 292 | 372 | 423 |
| Days Payable | 161 | 206 | 260 | 169 | 78 | 86 |
| Cash Conversion Cycle | 77 | 186 | 241 | 254 | 375 | 459 |
| Working Capital Days | 36 | 62 | 66 | 169 | 62 | 62 |
| ROCE % | — | 22 | 31 | 26 | 26 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 62.33% | 62.33% | 62.41% | 62.41% | 62.41% |
| FIIs | 4.94% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0.21% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 24.17% | 35.3% | 35.53% | 34.45% | 34.36% |
| Others | 8.56% | 2.37% | 2.06% | 3.14% | 3.02% |
| No. of Shareholders | 9 | 2143 | 2638 | 3176 | 3133 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 58.97 | Sell |
| EMA (10) | 59.3 | Sell |
| SMA (20) | 59.41 | Sell |
| EMA (20) | 59.88 | Sell |
| SMA (50) | 61.83 | Sell |
| EMA (50) | 63.12 | Sell |
| SMA (100) | 70.29 | Sell |
| EMA (100) | 71.63 | Sell |
| SMA (200) | 89.45 | Sell |
| EMA (200) | 90.78 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.61 | Neutral |
| MACD (12,26,9) | -1 | Buy |
| Stochastic (14,3,3) | 32.59 | Neutral |
| ADX (14) | 17.36 | Neutral |
| Williams %R (14) | -78.21 | Neutral |
| ATR (14) | 2.47 | High Volatility |
| ROC (12) | -4.16 | Sell |
| Stoch RSI (14) | 38.16 | Neutral |
| UO (7,14,28) | 45.2 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - Received L1 for NHAI EPC bypass project NH-81 Tamil Nadu; order ~INR 76.26 Crore; 12-month completion. | [Bagging/Receiving of orders/contracts 9 March 2026 - Received L1 for NHAI EPC bypass project NH-81 Tamil Nadu; order ~INR 76.26 Crore; 12-month completion.](https://nsearchives.nseindia.com/corporate/AVPIPO_09032026132932_NSE_Intimation_NHAI_LOA_Intimation.pdf) |
| 9 March 2026 - Received L1 for NHAI EPC bypass contract in Tamil Nadu, order value ≈ INR 76.26 crore, 12-month completion. | [Bagging/Receiving of orders/contracts 9 March 2026 - Received L1 for NHAI EPC bypass contract in Tamil Nadu, order value ≈ INR 76.26 crore, 12-month completion.](https://nsearchives.nseindia.com/corporate/AVPIPO_09032026134231_NSE_Intimation_NHAI_LOA_Intimation_Revised.pdf) |
| 8 Aug - Board approved issue of up to ₹30 crore NCDs at 12% p.a. for 24 months via private placement. | [Outcome of Board Meeting 8 Aug - Board approved issue of up to ₹30 crore NCDs at 12% p.a. for 24 months via private placement.](https://nsearchives.nseindia.com/corporate/AVPIPO_08082026181352_AIL_Outcome_of_BM.pdf) |
| 6 March 2026 - Analyst/investor Q&A at Arihant Bharat Connect (March 6, 2026); no presentation or UPSI shared. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 March 2026 - Analyst/investor Q&A at Arihant Bharat Connect (March 6, 2026); no presentation or UPSI shared.](https://nsearchives.nseindia.com/corporate/AVPIPO_06032026204825_Investor_Meet_Outcome.pdf) |
| 6 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no shares dematerialised. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no shares dematerialised.](https://nsearchives.nseindia.com/corporate/AVPIPO_06042026182256_Regulation_74__5__AIL.pdf) |
| 5 Aug - Acuite reaffirmed BBB+/Stable on Rs225 Cr facilities and assigned BBB+/Stable to Rs30 Cr proposed NCDs. | [Credit Rating 5 Aug - Acuite reaffirmed BBB+/Stable on Rs225 Cr facilities and assigned BBB+/Stable to Rs30 Cr proposed NCDs.](https://nsearchives.nseindia.com/corporate/AVPIPO_05082026123234_AIL_Credit_Rating.pdf) |
| 31 Aug - Board approved QIP fundraise up to Rs. 25 crore and AGM on 24 September 2026. | [Outcome of Board Meeting 31 Aug - Board approved QIP fundraise up to Rs. 25 crore and AGM on 24 September 2026.](https://nsearchives.nseindia.com/corporate/AVPIPO_31082026124053_AIL_Outcome_of_BM.pdf) |
| 30 Aug - Published newspaper advertisements for AVP Infracon's 17th AGM on 30 August 2026 via VC/OAVM. | [Copy of Newspaper Publication 30 Aug - Published newspaper advertisements for AVP Infracon's 17th AGM on 30 August 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/AVPIPO_30082026232725_AIL_Advertisement_Intimation.pdf) |
| 28 May 2026 - Submitted FY2026 SDD Compliance Certificate confirming SEBI PIT compliance. | [Structural Digital Database 28 May 2026 - Submitted FY2026 SDD Compliance Certificate confirming SEBI PIT compliance.](https://nsearchives.nseindia.com/corporate/AVPIPO_28052026180812_AVP_SDD_Compliance.pdf) |
| 28 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after board meeting for FY2025-26 audited results. | [Trading Window 28 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after board meeting for FY2025-26 audited results.](https://nsearchives.nseindia.com/corporate/AVPIPO_28032026175738_Closing_of_Trading_Window.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31057_AVPINFRA_2025_2026_A_4725171_01092026232123.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28717_AVPINFRA_2024_2025_A_3199164_05092025234648.pdf) |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27994_TIMESCAN_2024_2025_A_17105752_31082025221340.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25917_AVPINFRA_2023_2024_050920242126.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26265_TIMESCAN_2023_2024_26092024194320.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23951_TIMESCAN_2022_2023_18102023123301_10182023130000.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21180_TIMESCAN_2021_2022_03092022113231_09032022120018.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/AVPIPO_17112025193616_AIL_Investor_Meet_Transcripts.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/AVPINFRA_11112024181402_AILInvestorMeetingTranscripts.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/AVPIPO_05052025190601_AIL_Investor_Meet_Transcripts.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/AVPINFRA_10062024174712_H2FY24ConcallTranscriptsAIL.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:23:25.107Z.