| Market Cap | ₹7,795.93 CrCement & Construction |
|---|---|
| P/E Ratio | 54.0xSector P/E: 31.27x |
| Promoter Holding | 50.17%100% Pledged |
| Order from | UPEIDA (Uttar Pradesh Expressways Industrial Development Authority); UPMRC (Uttar Pradesh Metro Rail Corporation) |
| Deal value | ₹3,469 Cr |
| Share of market cap | 44.5% |
| Share of annual revenue | 30.8% |
Key highlights
- Combined order value of ₹3,469 crore accounts for 44.5% of the company current market capitalization
- UPEIDA awarded a ₹2,086 crore contract for the 24.5-km six-lane Jewar Link Expressway
- Lucknow Metro underground corridor project from UPMRC is valued at approximately ₹1,383 crore
- Company fresh order inflows for FY27 have reached ₹19,438 crore following these wins
- Lucknow Metro project includes seven underground stations and associated architectural works
Critical Infrastructure Mandates in Uttar Pradesh
Afcons Infrastructure has strengthened its footprint in the transportation and urban infrastructure segment with two high-value contracts from state-led agencies. The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has commissioned the Jewar Link Expressway, a 24.5-km greenfield project designed to connect the upcoming Noida International Airport with the Yamuna and Ganga Expressway corridors. Simultaneously, the Uttar Pradesh Metro Rail Corporation (UPMRC) has issued a notice of award for the design and construction of a 6.52-km underground stretch under Lucknow Metro Phase-1B.
These projects are expected to enhance regional mobility and support economic growth across western and central Uttar Pradesh.
Strategic Scope of the New EPC Orders
- Jewar Link Expressway: A six-lane access-controlled corridor expandable to eight lanes valued at ₹2,086 crore excluding GST
- Lucknow Metro Phase-1B: Underground stretch involving seven stations and connectivity between elevated and underground sections
- Metro project scope includes civil works, utility systems, and fire safety infrastructure valued at ₹1,383 crore
- Total fresh order inflows for the current financial year now stand at ₹19,438 crore
- The expressway project aims to reduce travel times and improve logistics efficiency for airport accessibility
Expanding Order Book and Market Context
The latest wins follow a series of significant order arrivals for Afcons in 2026, including a ₹5,301 crore breakwater project for Vadhvan Port in June and a ₹1,918 crore desalination water tunnel project for the BMC in August. Despite a challenging year for the stock price, which has declined 52.76% over the last 12 months, the company continues to execute its aggressive growth strategy. Management had previously guided for FY27 order inflows of ₹30,000 crore, and with the current total at ₹19,438 crore by late October, the company is on track to meet approximately two-thirds of its annual target.
The bidding pipeline for the firm remained robust at roughly ₹1.5 lakh crore as of August 2026.
Transformative Impact on Regional Mobility
The Jewar Link Expressway and the Lucknow Metro underground corridor are transformative projects that will enhance mobility, support economic growth, and improve quality of life for millions of people across Uttar Pradesh and NCR.
| Date | Announcement | Amount |
|---|---|---|
| 06 Aug 2026 | Letter of Acceptance from Brihanmumbai Municipal Corporation for design and construction of desalinated water conveyance tunnel in MumbaiSource: railwaypro.com | ₹1,918.00 Cr |
| 31 Jul 2026 | Secured two urban infrastructure project packages in IndiaSource: prnewswire.com | ₹900.00 Cr |
| 09 Jun 2026 | Letter of Award from Vadhvan Port Project Limited for construction of a 10.14 km breakwater at Vadhvan Port in MaharashtraSource: prnewswire.com | ₹5,301.00 Cr |
| 04 May 2026 | Secured civil infrastructure works contract under Urban Infrastructure and Metro Business UnitSource: insights.dsij.in | ₹373.00 Cr |
| 29 Jan 2025 | Letter of Award from Hindustan Gateway Container Terminal Kandla (DP World entity) for Tuna Tekra container terminal marine packageSource: withriver.in | ₹1,283.00 Cr |
What to watch next
- Board meeting to approve Q2 and H1 FY27 financial results on November 04, 2026
- Updates on the execution progress of the ₹5,301 crore Vadhvan Port breakwater contract
- Management guidance updates regarding the ₹30,000 crore FY27 order inflow target
“These wins further strengthen our order book and reinforce our commitment to delivering complex, nation-building infrastructure projects. With these two projects, the fresh orders secured in FY27 stands at ₹19,438 crores.”
“The award of these prestigious projects reflects the confidence that leading infrastructure agencies place in Afcons' engineering capabilities and execution excellence.”
| Share price | ₹211.97 |
|---|---|
| Market capitalisation | ₹7,795.93 Cr |
| Revenue (annual) | ₹11,948.38 Cr |
| Net profit (annual) | ₹251.50 Cr |
| Revenue (latest quarter) | ₹2,671.00 Cr+2.19% vs previous quarter |
| Net profit (latest quarter) | ₹30.60 Cr+134.62% vs previous quarter |
| P/E (TTM) | 54×Sector 31.27× |
| Promoter holding | 50.17%0.00% QoQ |
| FII holding | 10.92%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Afcons Infrastructure Ltd announcing the receipt of two EPC contracts in Uttar Pradesh worth ₹3,469 crore. Market figures from a third-party data provider.
