Afcons Infrastructure Limited is one of India’s leading infrastructure development companies, specializing in engineering and construction solutions across diverse sectors. With expertise in delivering complex projects in marine, transportation, energy, and urban infrastructure, Afcons is recognized for its engineering excellence, innovation, and commitment to quality. The company has a significant global footprint, completing landmark projects across multiple countries. As of December 16, 2024, the Afcons Infrastructure share price on the NSE is ₹542. Below are the projected Afcons Infrastructure share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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Afcons Infrastructure Company Overview
Established in 1959 and headquartered in Mumbai, Afcons Infrastructure is a subsidiary of the Shapoorji Pallonji Group, one of India’s oldest and most reputed business conglomerates. Afcons has a proven track record of executing challenging projects, including bridges, tunnels, roads, railways, ports, metro systems, and oil & gas infrastructure. The company is a pioneer in adopting advanced engineering technologies and project management practices to ensure timely delivery and cost efficiency.
| Formerly | Asia Foundations and Construction Limited |
| Company type | Public |
| Traded as | NSE: AFCONS BSE: 544280 |
| Industry | Infrastructure |
| Founded | 1959 |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | Worldwide |
| Key people | Shapoor Pallonji Mistry (Chairman) |
| Revenue | ₹13,646 crore(US$1.6 billion) (FY24) |
| Operating income | ₹1,583 crore(US$190 million) (FY24) |
| Net income | ₹449 crore(US$54 million) (FY24) |
| Parent | Shapoorji Pallonji Group |
| Website | afcons.com |
Afcons Infrastructure Share Price Target from 2025-2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹570 | ₹420 | ₹550 |
| 2025 | ₹730 | ₹500 | ₹680 |
| 2026 | ₹900 | ₹650 | ₹860 |
| 2027 | ₹1,180 | ₹790 | ₹1,010 |
| 2028 | ₹1,400 | ₹950 | ₹1,250 |
| 2029 | ₹1,620 | ₹1,050 | ₹1,500 |
| 2030 | ₹1,850 | ₹1,250 | ₹1,650 |
| 2035 | ₹3,250 | ₹1,500 | ₹2,700 |
| 2040 | ₹5,500 | ₹2,300 | ₹5,200 |
Technical Analysis for Afcons Infrastructure
Afcons Infrastructure Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹650 | ₹730 |
Afcons Infrastructure, a leading player in engineering and construction, is well-positioned for significant growth in 2025. The company expertise in executing complex projects across sectors like transportation, energy, and marine infrastructure provides it with a competitive edge. For 2025, the first target share price is projected at ₹650, with a second target of ₹730, reflecting its strong operational performance and market presence.
Read More:- Garuda Construction Share Price Target 2025, 2030, 2035, 2040
Afcons Infrastructure Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹800 | ₹900 |
In 2026, Afcons Infrastructure is expected to benefit from its robust project pipeline and increasing demand for infrastructure development. Its focus on technological innovation and operational efficiency is likely to drive growth. The first target share price for 2026 is estimated at ₹800, with a second target of ₹900, showcasing its upward growth trajectory.
Afcons Infrastructure Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹1030 | ₹1180 |
By 2027, Afcons Infrastructure commitment to delivering large-scale projects and expanding its international footprint is anticipated to enhance its market valuation. The company strong execution capabilities could result in a first target share price of ₹1030, with a second target of ₹1180, underscoring its industry leadership and growth potential.
Afcons Infrastructure Share Price Target 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹1320 | ₹1400 |
In 2028, Afcons Infrastructure is expected to achieve significant milestones, driven by its ability to execute complex projects and explore emerging markets. The first target share price for 2028 is forecasted at ₹1320, with a second target of ₹1400, reflecting its consistent growth and market expansion.
Afcons Infrastructure Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹1530 | ₹1620 |
The year 2029 is projected to be another strong year for Afcons Infrastructure as it continues to build on its expertise in delivering high-value infrastructure projects. With an emphasis on sustainable and innovative solutions, the first target share price is projected at ₹1530, with a second target of ₹1620, highlighting its steady growth.
Afcons Infrastructure Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹1770 | ₹1850 |
By 2030, Afcons Infrastructure is anticipated to solidify its position as a key player in the global infrastructure industry. Its ability to adapt to changing market dynamics and focus on long-term sustainable projects will likely drive profitability. The first target share price is estimated at ₹1770, with a second target of ₹1850, indicating its strong growth trajectory.
Afcons Infrastructure Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹2700 | ₹3250 |
By 2035, Afcons Infrastructure is expected to emerge as a dominant force in the infrastructure sector, supported by its strategic expansion and innovative solutions. The first target share price is projected at ₹2700, with a second target of ₹3250, reflecting significant value creation and market leadership over the long term.
Read More:- Ganesh Infraworld Share Price Target 2025, 2030,2035, 2040
Afcons Infrastructure Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹4400 | ₹5500 |
Looking ahead to 2040, Afcons Infrastructure sustained focus on excellence in engineering, global expansion, and cutting-edge technologies is likely to result in exponential growth. The first target share price is forecasted at ₹4400, with a second target of ₹5500, showcasing its long-term potential as a leader in the global infrastructure market.
Afcons Infrastructure Ltd Fundamentals
| Metric | Value |
| Market Cap | ₹19,294 Cr |
| P/E Ratio (TTM) | 42.89 |
| P/B Ratio | 3.98 |
| Industry P/E | 35.51 |
| Debt to Equity | 0.92 |
| ROE (Return on Equity) | 18.68% |
| EPS (TTM) | 12.23 |
| Dividend Yield | 0.44% |
| 52 Week High | ₹560 |
| 52 Week Low | ₹420 |
| Book Value | 131.82 |
| Face Value | 10 |
Afcons Infrastructure Ltd Financial Results
| All in ₹Cr. | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 9,934 | 9,376 | 11,019 | 12,637 | 13,268 |
| Expenses | 9,113 | 8,505 | 10,076 | 11,305 | 11,890 |
| Operating Profit | 821 | 870 | 943 | 1,333 | 1,377 |
| OPM % | 8% | 9% | 9% | 11% | 10% |
| Other Income | 186 | 138 | 244 | 185 | 367 |
| Interest | 391 | 468 | 425 | 447 | 577 |
| Depreciation | 240 | 250 | 355 | 472 | 495 |
| Profit before tax | 376 | 290 | 407 | 599 | 673 |
| Tax % | 34% | 42% | 12% | 31% | 33% |
| Net Profit | 248 | 170 | 358 | 411 | 450 |
| EPS in Rs | 34.12 | 23.20 | 49.51 | 57.09 | 13.20 |
| Dividend Payout % | 10% | 15% | 7% | 7% | 19% |
Source: https://www.screener.in/company/AFCONS/consolidated/#profit-loss
Afcons Infrastructure Ltd Balance Sheet
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 72 | 72 | 72 | 341 | 341 |
| Reserves | 1,868 | 2,190 | 2,654 | 3,255 | 3,453 |
| Borrowings | 2,059 | 2,073 | 2,062 | 2,523 | 3,485 |
| Other Liabilities | 8,491 | 8,638 | 9,513 | 10,114 | 10,374 |
| Total Liabilities | 12,490 | 12,974 | 14,301 | 16,234 | 17,653 |
| Fixed Assets | 2,003 | 2,318 | 2,498 | 2,784 | 2,685 |
| CWIP | 146 | 18 | 184 | 43 | 34 |
| Investments | 0 | 1 | 0 | 1 | 1 |
| Other Assets | 10,341 | 10,i | 11,619 | 13,406 | 14,933 |
| Total Assets | 12,490 | 12,974 | 14,301 | 16,234 | 17,653 |
Afcons Infrastructure Ltd Shareholding Pattern
| Nov 2024 | |
| Promoters | 50.17% |
| FIIs | 8.20% |
| DIIs | 13.24% |
| Public | 28.38% |
| No. of Shareholders | 6,50,618 |
Afcons Infrastructure Ltd Peer comparison
| Sector: Infrastructure Developers & Operators | Industry: Construction | ||||
| Name | P/E | Mar Cap Rs.Cr. | NP Qtr Rs.Cr. | Sales Qtr Rs.Cr. | ROCE % |
| Rail Vikas | 76.31 | 97568.58 | 302.51 | 4869.22 | 18.7 |
| IRB Infra.Devl. | 57.23 | 35267.76 | 99.87 | 1585.84 | 8.96 |
| Ircon Intl. | 23.51 | 21697.73 | 205.92 | 2447.52 | 18.15 |
| Afcons Infrastr. | 43.38 | 19897.14 | 135.43 | 2959.69 | 23.13 |
| G R Infraproject | 16.71 | 15320.3 | 193.57 | 1394.33 | 16.89 |
| H.G. Infra Engg. | 18.91 | 9905.69 | 80.72 | 902.41 | 24.12 |
| KNR Construct. | 8.95 | 9813.7 | 580.02 | 1944.86 | 25.74 |
FAQs
Q.1. What is the share price target for Afcons Infrastructure in 2025?
Ans: The share price is projected to reach ₹650 for the first target and ₹730 for the second target, reflecting steady progress in project execution.
Q.2. What is the share price target for Afcons Infrastructure in 2026?
Ans: By 2026, the stock may rise to ₹800 for the first target and ₹900 for the second target, driven by infrastructure expansion and strategic projects.
Q.3. What is the share price target for Afcons Infrastructure in 2027?
Ans: In 2027, the price could further grow to ₹1,030 for the first target and ₹1,180 for the second target, reflecting improved profitability and market presence.
Q.4. What is the share price target for Afcons Infrastructure in 2028?
Ans: Afcons Infrastructure’s share price is expected to hit ₹1,320 for the first target and ₹1,400 for the second target as it strengthens its project pipeline.
Q.5. What is the share price target for Afcons Infrastructure in 2029?
Ans: The price might climb to ₹1,530 for the first target and ₹1,620 for the second target in 2029, supported by higher revenue growth.
Q.6. What is the share price target for Afcons Infrastructure in 2030?
Ans: By 2030, the stock could touch ₹1,770 for the first target and ₹1,850 for the second target, reflecting the company’s focus on operational efficiency.
Q.7. What is the share price target for Afcons Infrastructure in 2035?
Ans: In 2035, the price is anticipated to jump to ₹2,700 for the first target and ₹3,250 for the second target, as long-term investments start yielding results.
Q.8. What is the share price target for Afcons Infrastructure in 2040?
Ans: By 2040, the share price may surge to ₹4,400 for the first target and ₹5,500 for the second target, backed by sustained leadership in the infrastructure space.
Q.9. What are Afcons Infrastructure BSE and NSE codes?
Ans: Afcons Infrastructure Ltd is listed on both the NSE and BSE. the BSE Code is a 544280 and the NSE Symbol is a AFCONS.
Q.10. Who is the CEO of Afcons Infrastructure?
Ans: The CEO of Afcons Infrastructure Limited is Paramasivan Srinivasan, who has held this position for approximately 6.8 years.
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