A2Z Infra Engineering Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2023 • ES: 99.7% • Others: 0.3%
AI Sector View
AI GENERATEDConstruction
Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.
PROS
- Operating margins have improved to -9.4% from -109.3%
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Company has a high debt-to-equity of 24.22x
- A large part of profit comes from other income (321.5% of PBT)
- Company has a low return on equity of -113.6% over last 3 years
- Recent results are weak - TTM profit is down 105.5% versus prior year
- Company has a low return on capital employed of -5.2%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3915.00 | 32.47 | 538651.57 | 0.97 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 205.00 | 47.52 | 42742.91 | 0.35 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| KPIL | 1435.05 | 21.56 | 24506.71 | 0.77 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.64 | 24.86 | 23721.19 | 1.32 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1244.10 | 35.53 | 21372.09 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 269.20 | 19.30 | 15130.18 | 1.86 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 972.50 | 26.24 | 11310.13 | 0.72 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| WELENT | 782.75 | 35.45 | 10834.34 | 0.38 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| KEC | 406.45 | 19.54 | 10819.70 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| IRCON | 113.20 | 20.33 | 10646.64 | 1.68 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| AFCONS | 253.95 | 64.55 | 9339.89 | 0.79 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| A2ZINFRA | 15.35 | 74.39 | 272.50 | 0.00 | -0.03 | -104.61 | 68.45 | -24.37 | 9.82 | 0.89 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | 20 | 20 | 28 | 16 | 10 | 9 | 13 | 28 | 16 | 31 | 39 | 20 | |
| 19 | 23 | 41 | 50 | 17 | 13 | 11 | 12 | 25 | 17 | 33 | 44 | 23 | |
| Operating Profit | -0 | -3 | -21 | -22 | -1 | -2 | -2 | 1 | 3 | -1 | -1 | -5 | -3 |
| OPM % | -0.43% | -15.97% | -108.67% | -78.06% | -7.05% | -24.53% | -16.75% | 5.24% | 9.17% | -6.96% | -4.00% | -12.44% | -13.82% |
| 2 | -4 | 21 | 23 | 2 | -19 | 3 | 24 | -3 | 2 | -2 | -5 | 3 | |
| Interest | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | -8 | -1 | 0 | 0 | -22 | 0 | 24 | -1 | 0 | -4 | 1 | -0 |
| Tax % | 0.00% | -1.08% | -0.00% | 75.00% | 0.00% | -5.03% | 0.00% | 9.03% | -0.00% | 0.00% | -0.00% | -104.77% | -0.00% |
| Net Profit | 0 | -8 | -1 | 0 | 0 | -23 | 0 | 22 | -1 | 0 | -4 | 2 | -0 |
| 0.01 | -0.48 | -0.03 | 0.01 | 0.00 | -1.30 | 0.02 | 0.02 | -0.04 | 0.02 | -0.23 | 0.10 | -0.01 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 961 | 635 | 358 | 507 | 385 | 188 | 136 | 70 | 86 | 49 | 106 | |
| 900 | 587 | 385 | 465 | 424 | 236 | 295 | 100 | 132 | 53 | 116 | |
| Operating Profit | 61 | 48 | -27 | 42 | -39 | -49 | -159 | -31 | -46 | -5 | -10 |
| OPM % | 6.38% | 7.49% | -7.61% | 8.26% | -10.13% | -25.88% | -116.87% | -44.33% | -54.01% | -9.41% | -9.37% |
| 33 | 6 | 55 | 44 | -157 | 18 | 11 | -22 | 42 | 10 | -2 | |
| Interest | 117 | 120 | 130 | 41 | 49 | 48 | 20 | 7 | 3 | 2 | 5 |
| Depreciation | 17 | 14 | 13 | 11 | 10 | 5 | 4 | 5 | 1 | 1 | 1 |
| Profit before Tax | -39 | -81 | -115 | 33 | -255 | -83 | -172 | -65 | -9 | 2 | -3 |
| Tax % | -2.36% | -72.69% | -0.18% | 3.57% | -14.17% | -0.31% | -0.04% | -40.56% | -1.79% | 148.14% | 27.87% |
| Net Profit | -40 | -139 | -115 | 32 | -291 | -83 | -172 | -92 | -9 | -1 | -2 |
| EPS | -3.53 | -10.75 | -7.68 | 1.82 | -16.52 | -4.72 | -9.78 | -5.20 | -0.49 | -0.06 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -14%
- 5 Years:
- -34%
- 3 Years:
- -29%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -9%
- 5 Years:
- 29%
- 3 Years:
- 14%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- -56%
- 5 Years:
- -92%
- 3 Years:
- -114%
- Last Year:
- -38%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 127 | 145 | 176 | 176 | 176 | 176 | 176 | 176 | 176 | 176 |
| 571 | 454 | 433 | 466 | 176 | 95 | -77 | -166 | -173 | -173 | |
| 831 | 961 | 750 | 343 | 387 | 441 | 327 | 262 | 156 | 56 | |
| Trade Payables | 676 | 659 | 573 | 560 | 569 | 531 | 458 | 276 | 199 | 164 |
| 298 | 228 | 344 | 296 | 288 | 283 | 235 | 207 | 139 | 86 | |
| Total Liabilities | 2,502 | 2,448 | 2,275 | 1,841 | 1,596 | 1,525 | 1,118 | 755 | 497 | 308 |
| 187 | 164 | 144 | 105 | 44 | 38 | 42 | 11 | 10 | 10 | |
| Capital Work in Progress | 266 | 209 | 181 | 142 | 44 | 44 | 45 | 7 | 10 | 10 |
| 299 | 298 | 291 | 288 | 282 | 293 | 233 | 143 | 143 | 62 | |
| 18 | 8 | 3 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111 | 62 | |
| Cash & Bank | 8 | 52 | 11 | 8 | 5 | 4 | 2 | 5 | 1 | 2 |
| 1,724 | 1,718 | 1,645 | 1,293 | 1,221 | 1,147 | 795 | 589 | 223 | 161 | |
| Total Assets | 2,502 | 2,448 | 2,275 | 1,841 | 1,596 | 1,525 | 1,118 | 755 | 497 | 308 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2 | 56 | 14 | 127 | -36 | -34 | 20 | 29 | 63 | 39 | |
| Cash from Investing | 21 | -5 | 13 | -3 | 10 | 6 | 23 | -4 | -3 | -2 |
| Cash from Financing | -9 | -3 | -63 | -118 | 31 | 12 | -47 | -26 | -64 | -36 |
| 6 | 44 | -41 | -3 | -3 | -1 | -2 | 3 | -5 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - A2Z Infra Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-03 - A2Z Infra Engineering Limited has informed the Exchange regarding 'Intimation Regarding Dispatch Of Physical Communication To Shareholders Regarding Web Link Of Annual Report Who Have Not Registered Their Email Address'.
2026-09-03 - A2Z Infra Engineering Limited has informed the Exchange that Record date for the purpose of Meeting is 21-Sep-2026.
2026-09-03 - A2Z Infra Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026
2026-09-01 - A2Z Infra Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-31 - A2Z Infra Engineering Limited has informed the Exchange regarding Appointment of Mr. Amit Mittal as Managing Director & CEO of the company w.e.f. January 01, 2027.
2026-08-31 - A2Z Infra Engineering Limited has informed the Exchange regarding Appointment of MRKS & Associates as Other of the company w.e.f. April 01, 2026.
2026-08-14 - A2Z Infra Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - A2Z Infra Engineering Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for A2ZINFRA
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