Financials PNC Infratech Limited

Equities

PNCINFRA

INE195J01029

Construction & Engineering

Market Closed - NSE India S.E. Other stock markets 03:50:22 16/01/2026 pm IST			5-day change	1st Jan Change
235.60 ^INR	-2.04%		-2.81%	-6.39%

31/12	PNC Infratech Limited Incorporates New Wholly Owned Subsidiary	CI
14/11	PNC Infratech Limited, Q2 2026 Earnings Call, Nov 13, 2025

Projected Income Statement: PNC Infratech Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	49,254	63,055	70,608	76,992	55,131	56,086	70,022	80,914
Change	-	28.02%	11.98%	9.04%	-28.39%	1.73%	24.85%	15.55%
EBITDA ¹	6,728	7,872	9,539	12,774	10,489	7,163	8,620	10,182
Change	-	17.02%	21.17%	33.92%	-17.89%	-31.71%	20.34%	18.12%
EBIT ¹	5,604	6,573	8,439	11,741	9,589	6,394	7,821	9,500
Change	-	17.3%	28.38%	39.13%	-18.33%	-33.32%	22.31%	21.47%
Interest Paid ¹	-771.1	-801.5	-801.5	-658.1	-763.2	-794.7	-681.4	-709.5
Earnings before Tax (EBT) ¹	5,585	6,314	8,184	11,361	9,489	6,255	7,844	9,788
Change	-	13.06%	29.6%	38.82%	-16.47%	-34.08%	25.41%	24.77%
Net income ¹	3,619	4,478	6,115	8,498	7,056	4,646	5,828	6,915
Change	-	23.73%	36.54%	38.97%	-16.97%	-34.15%	25.45%	18.64%
Announcement Date	25/06/21	28/05/22	26/05/23	24/05/24	30/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	9,053	10,535	13,224	16,443	12,512	16,150	15,220	19,173	17,581	15,611	16,270	21,146	18,614	16,930	18,027	23,420	17,444	11,491	12,051	14,146	11,365	11,700	13,425	21,961
Change	-	16.37%	25.53%	24.34%	-23.91%	29.08%	-5.76%	25.97%	-8.3%	-11.21%	4.22%	29.97%	-11.97%	-9.05%	6.48%	29.91%	-25.52%	-34.13%	4.87%	17.38%	-19.66%	2.95%	14.74%	63.58%
EBITDA ¹	1,198	1,421	1,785	2,024	1,754	2,216	1,655	2,247	2,578	2,070	2,081	2,810	2,451	2,276	2,395	5,652	5,935	1,336	1,460	1,758	1,405	1,444	1,712	3,065
Change	-	18.63%	25.65%	13.36%	-13.31%	26.32%	-25.33%	35.77%	14.73%	-19.69%	0.49%	35.07%	-12.8%	-7.11%	5.19%	136.04%	5%	-77.49%	9.26%	20.45%	-20.08%	2.79%	18.54%	79.02%
EBIT ¹	-	-	-	-	-	-	-	-	2,309	1,796	-	-	2,279	2,020	2,134	5,387	5,710	1,110	1,233	1,535	1,210	1,256	1,662	2,773
Change	-	-	-	-	-	-	-	-	-	-22.2%	-	-	-	-11.36%	5.64%	152.45%	6.01%	-80.55%	11.08%	24.46%	-21.15%	3.8%	32.27%	66.85%
Charge d'intérêts ¹	-	-	-152.5	-147.8	-180.3	-	-	-	-174.7	-154.5	-	-	-163.5	-187.2	-172	-135.5	-128.9	-151.6	-217	-265.7	-211.2	-189.5	-235	-277
Earnings before Tax (EBT) ¹	865.9	1,079	1,594	2,047	1,437	1,820	1,217	1,841	2,209	1,746	1,739	2,490	2,115	1,890	2,004	5,351	5,667	1,088	1,176	1,558	1,100	1,028	-	2,654
Change	-	24.58%	47.74%	28.42%	-29.8%	26.65%	-33.13%	51.33%	19.96%	-20.94%	-0.44%	43.2%	-15.04%	-10.64%	6.03%	167.02%	5.91%	-80.8%	8.06%	32.52%	-29.37%	-6.59%	-	-
Net income ¹	601.2	692.7	1,032	1,294	932.9	1,354	809.6	1,382	1,665	1,311	1,294	1,845	1,566	1,398	1,511	4,023	4,211	809.1	824.7	1,210	807.7	846.4	1,013	1,933
Change	-	15.22%	48.94%	25.41%	-27.9%	45.11%	-40.2%	70.71%	20.5%	-21.3%	-1.27%	42.54%	-15.11%	-10.74%	8.09%	166.3%	4.66%	-80.79%	1.93%	46.68%	-33.23%	4.79%	19.68%	90.82%
Announcement Date	27/08/20	02/11/20	03/02/21	25/06/21	11/08/21	13/11/21	12/02/22	28/05/22	09/08/22	14/11/22	14/02/23	26/05/23	11/08/23	31/10/23	06/02/24	24/05/24	10/08/24	12/11/24	10/02/25	30/05/25	13/08/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2024 S1
Net sales ¹	35,544
Change	-
EBITDA ¹	4,727
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	31/10/23

¹INR in Million

Estimates

Forecast Balance Sheet: PNC Infratech Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-5,154	-3,119	766	-3,305	-2,824	-13,918	-11,699	-17,593
Change	-	39.48%	124.56%	-531.46%	14.55%	-392.8%	15.94%	-50.38%
Announcement Date	25/06/21	28/05/22	26/05/23	24/05/24	30/05/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: PNC Infratech Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,855	754.6	624.7	479	304.6	2,000	2,056	1,501
Change	-	-59.32%	-17.21%	-23.32%	-36.42%	556.63%	2.84%	-27.03%
Free Cash Flow (FCF) ¹	876.8	123.6	-2,158	12,130	5,208	6,638	2,560	4,571
Change	-	-85.91%	-1,846.29%	662.14%	-57.07%	27.46%	-61.43%	78.55%
Announcement Date	25/06/21	28/05/22	26/05/23	24/05/24	30/05/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: PNC Infratech Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	13.66%	12.49%	13.51%	16.59%	19.02%	12.77%	12.31%	12.58%
EBIT Margin (%)	11.38%	10.42%	11.95%	15.25%	17.39%	11.4%	11.17%	11.74%
EBT Margin (%)	11.34%	10.01%	11.59%	14.76%	17.21%	11.15%	11.2%	12.1%
Net margin (%)	7.35%	7.1%	8.66%	11.04%	12.8%	8.28%	8.32%	8.55%
FCF margin (%)	1.78%	0.2%	-3.06%	15.75%	9.45%	11.83%	3.66%	5.65%
FCF / Net Income (%)	24.22%	2.76%	-35.29%	142.74%	73.8%	142.86%	43.92%	66.1%
Profitability
ROA	-	-	10.75%	12.76%	-	-	-	-
ROE	13.27%	14.33%	16.79%	19.48%	13.76%	7.96%	9.38%	10.43%
Financial Health
Leverage (Debt/EBITDA)	-	-	0.08x	-	-	-	-	-
Debt / Free cash flow	-	-	-0.35x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.77%	1.2%	0.88%	0.62%	0.55%	3.57%	2.94%	1.85%
CAPEX / EBITDA (%)	27.57%	9.59%	6.55%	3.75%	2.9%	27.92%	23.86%	14.74%
CAPEX / FCF (%)	211.56%	610.72%	-28.95%	3.95%	5.85%	30.13%	80.33%	32.83%
Items per share
Cash flow per share ¹	-	-	-5.977	49.16	-	-	-	-
Change	-	-	-	922.44%	-	-	-	-
Dividend per Share ¹	0.5	0.5	0.5	0.6	0.6	0.7625	0.8286	0.8429
Change	-	0%	0%	20%	0%	27.08%	8.66%	1.72%
Book Value Per Share ¹	113.4	130.2	153.7	186.4	213.4	231	253.4	281.6
Change	-	14.84%	18.03%	21.28%	14.51%	8.24%	9.71%	11.13%
EPS ¹	14.11	17.46	23.84	33.13	27.5	18.26	23.48	28.46
Change	-	23.74%	36.54%	38.97%	-16.99%	-33.61%	28.63%	21.18%
Nbr of stocks (in thousands)	2,56,539	2,56,539	2,56,539	2,56,539	2,56,539	2,56,539	2,56,539	2,56,539
Announcement Date	25/06/21	28/05/22	26/05/23	24/05/24	30/05/25	-	-	-