AFCONS INFRASTRUCTURE Upside potential 20 - 40% Afcons Infrastructure Limited is an India-based infrastructure construction company. It is engaged in construction of marine works, highways, bridges, railways, metro works, hydro and underground, water, tunnels, oil & gas, LNG (liquefied natural gas) tanks. Its business includes Marine and Industrial, Surface Transport, Urban Infrastructure, Oil and Gas, and Hydro and Underground. Marine and industrial segment covers project related to ports and harbors jetties, dry docks, wet basins, breakwaters, outfall and intake structure, LNG tanks and material handling systems. Surface and transport segment which covers project like highways and roads, interchanges, mining-related, infrastructure, railways. Urban infrastructure business focusses on metro works, bridges and flyovers. Oil and gas business focusses on offshore oil and gas and onshore oil and gas segments. Hydro and underground business focusses on the dams and barrages, tunnels and underground works and water and irrigation.
Reasons to buy:
Trading at the support level
PE < 40
FII's increased holding from 8.20% to 18.00% in Dec 2024 qtr.
Institutional Investors increased holding from 21.45% to 29.12% in Dec 2024 qtr.
Profit is increasing
EPS increased from ₹12.06 (2023) to ₹13.20 (2024) despite equity dilution.
