A B Infrabuild Limited
NSE: ABINFRACivil ConstructionTrade-to-trade true
Share price
₹12.50
+2.54% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
61
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹800 Cr
P/E ratio
40.9
P/B ratio
4.7
ROCE
15.2%
ROE
13.6%
Dividend yield
0.1%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 6.8% over the past year, and 43.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 17.0% to 14.4% over the last two years.
Whether it grew faster than its sector
It grew 43.5% a year against a sector median of 9.1% — 34.4 percentage points faster.
Room to re-rate, or risk of de-rating
At 40.9× earnings it costs 1.7× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 29.3×, across 5 companies. It is against its own five-year median of 45.9×, the 44th percentile of its own range.
Whether growth justifies the valuation
Priced at 0.9 times its growth rate, on earnings growth of 48%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| A B Infrabuild Limited — this one | 48%/yr | 40.9× | ₹0.85 |
| Rail Vikas Nigam Limited | -13%/yr | 44.2× | — |
| Kalpataru Projects International Limited | 36%/yr | 21.3× | ₹0.59 |
| IRB Infrastructure Developers Limited | 8%/yr | 21.5× | ₹2.7 |
| NBCC (India) Limited | 13%/yr | 29.3× | ₹2.3 |
| Cemindia Projects Limited | 68%/yr | 31.8× | ₹0.47 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Civil Construction), it ranks 37 of 89 on returns, 6 of 84 on growth, 29 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 15.2% on capital, ahead of 58% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹55 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 148 days for its cash to waiting 125 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 9 checks clear · 67%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 13 Aug 2026 · Standalone · Unaudited
Revenue
₹76 Cr
Revenue vs last year
+25.9%
Revenue vs last quarter
-9.1%
Net profit
₹5 Cr
Profit vs last year
+4.4%
Profit vs last quarter
-10.5%
Net margin
7.0%
EPS
₹0.08
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹800 Cr
- Prev close
- ₹12.50
- 52w High
- ₹23.6
- 52w Low
- ₹8.8
- Enterprise value
- ₹883 Cr
- Beta
- 0.8
- Price CAGR 1y
- -37.0%
- Price CAGR 3y
- 73.0%
- Price CAGR 5y
- 82.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 5.2%
- PEG ratio
- 0.9
- P/E ratio
- 40.9
- P/B ratio
- 4.7
- EV / EBITDA
- 22.6
- Industry P/E
- 15.8
- ROCE
- 15.2%
- ROCE 5y average
- 16.6%
- ROE
- 13.6%
- Debt / Equity
- 0.7
- Interest coverage
- 3.6
- Dividend yield
- 0.1%
- ROE 3y average
- 16.0%
- ROE last year
- 14.0%
Annual P&L
- Annual revenue
- ₹256 Cr
- Annual profit
- ₹19 Cr
- Operating margin
- 15.0%
- Net profit margin
- 7.4%
- EBITDA margin
- 14.8%
- Sales growth 3y
- 28.0%
- Sales growth 5y
- 32.8%
- Profit growth 3y
- 48.0%
- Profit growth 5y
- 66.0%
- EPS
- ₹0.3
- Sales growth TTM
- 7.0%
- Profit growth TTM
- -8.0%
- Dividend payout
- 2.0%
Quarter P&L
- Sales latest quarter
- ₹76 Cr
- Profit latest quarter
- ₹5 Cr
- YoY quarterly sales growth
- 25.9%
- YoY quarterly profit growth
- 4.3%
- OPM latest quarter
- 13.9%
Balance Sheet
- Book Value
- ₹2.6
- Face Value
- ₹1.0
- Total debt
- ₹115 Cr
- Total cash
- ₹32 Cr
- Borrowings
- ₹115 Cr
- Reserves / Equity
- 1.6
Cash Flow
- Operating cash flow
- -₹51 Cr
- Free cash flow
- -₹63 Cr
- FCF yield
- -9.1%
- Net cash flow
- -₹1 Cr
Shareholding
- Promoter holding
- 30.9%
- FII holding
- 0.0%
- DII holding
- 0.0%
- Public holding
- 69.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro | 3,701.50 | 28.9 | 5,08,883 | 1.03 | 4,988.0 | 14.0 | 67,941.7 | 6.7 | 14.6 |
| Rail Vikas | 195.87 | 45.4 | 40,835 | 0.87 | 159.5 | 18.5 | 4,321.2 | 10.6 | 10.8 |
| Kalpataru Proj. | 1,458.40 | 22.4 | 24,887 | 0.75 | 311.5 | 45.1 | 6,408.0 | 3.8 | 18.3 |
| IRB Infra.Devl. | 17.44 | 21.4 | 21,029 | 0.89 | 306.3 | 51.3 | 2,137.3 | 1.8 | 7.5 |
| NBCC | 76.74 | 30.2 | 20,680 | 1.30 | 158.0 | 17.2 | 2,259.5 | -5.5 | 29.3 |
| Cemindia Project | 1,137.80 | 32.5 | 19,546 | 0.26 | 140.8 | 2.6 | 2,720.9 | 5.6 | 32.8 |
| Engineers India | 308.30 | 22.1 | 17,342 | 1.62 | 157.9 | 141.5 | 819.8 | -5.8 | 30.4 |
| A B Infrabuild | 12.50 | 41.1 | 802 | 0.05 | 5.3 | 3.1 | 76.3 | 25.9 | 15.2 |
| Median | 129.94 | 16.3 | 666 | 0.00 | 10.7 | 17.2 | 175.4 | 11.5 | 15.6 |
Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 54 | 52 | 24 | 14 | 47 | 75 | 72 | 61 | 37 | 74 | 84 | 76 |
| Expenses | 69 | 47 | 46 | 19 | 11 | 40 | 65 | 59 | 51 | 32 | 64 | 72 | 66 |
| Material Cost | 61 | 58 | 31 | 82 | 63 | 65 | |||||||
| Change in Inventories | -5.55 | -11 | -1.33 | -21 | 3.75 | -3.73 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 0.71 | 0.73 | 0.78 | 0.96 | 0.97 | 1.16 | |||||||
| Other Expenses | 2.96 | 2.96 | 1.32 | 1.93 | 4.45 | 3.18 | |||||||
| Operating Profit | 11 | 7.12 | 6.22 | 4.71 | 3.22 | 7.45 | 9.82 | 13 | 9.61 | 5.47 | 11 | 12 | 11 |
| OPM % | 13 | 13 | 12 | 20 | 23 | 16 | 13 | 17 | 16 | 15 | 15 | 14 | 14 |
| Other Income | 1.02 | 0.16 | -0.19 | 0.70 | 0.18 | 0.43 | 0.20 | 0.29 | 0.79 | 0.88 | 0.90 | 0.76 | 1.26 |
| Exceptional items (within Other Income) | -0.25 | -0.08 | 0.03 | -0.00 | 0.04 | 0 | |||||||
| Interest | 2.25 | 1.22 | 1.29 | 1.66 | 1.49 | 1.50 | 1.55 | 2.34 | 2.33 | 2.26 | 2.28 | 3.30 | 3.20 |
| Depreciation | 0.39 | 0.59 | 1.20 | 1.20 | 1.24 | 1.31 | 1.42 | 1.44 | 1.17 | 1.20 | 1.23 | 1.38 | 1.42 |
| Profit before tax | 9.10 | 5.47 | 3.54 | 2.55 | 0.67 | 5.07 | 7.05 | 9.06 | 6.90 | 2.89 | 8.30 | 8.18 | 7.24 |
| Tax % | 25 | 25 | 22 | 35 | 19 | 30 | 25 | 26 | 26 | 26 | 26 | 27 | 26 |
| Net Profit | 6.81 | 4.08 | 2.76 | 1.65 | 0.54 | 3.58 | 5.27 | 6.73 | 5.12 | 2.13 | 6.12 | 5.97 | 5.34 |
| EPS in Rs | 0.40 | 0.07 | 0.05 | 0.03 | 0.01 | 0.06 | 0.08 | 0.11 | 0.08 | 0.03 | 0.10 | 0.09 | 0.08 |
| Diluted EPS in Rs | 1.40 | 0.80 | 0.33 | 0.10 | 0.09 | 0.08 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85 | 71 | 70 | 59 | 55 | 64 | 62 | 64 | 122 | 184 | 208 | 256 | 272 |
| Expenses | 77 | 64 | 64 | 51 | 47 | 56 | 58 | 59 | 109 | 159 | 175 | 218 | 233 |
| Material Cost | 196 | 233 | |||||||||||
| Change in Inventories | -31 | -29 | |||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||||||
| Employee Cost | 2.71 | 3.44 | |||||||||||
| Other Expenses | 7.33 | 11 | |||||||||||
| Operating Profit | 9 | 7 | 6 | 9 | 8 | 7 | 4 | 5 | 13 | 24 | 33 | 38 | 39 |
| OPM % | 10 | 10 | 9 | 15 | 14 | 12 | 6 | 8 | 10 | 13 | 16 | 15 | 14 |
| Other Income | 1 | 1 | 0 | 1 | 1 | -0 | -3 | 1 | 3 | 0 | 1 | 3 | 4 |
| Exceptional items (within Other Income) | -0.66 | -0.01 | |||||||||||
| Interest | 6 | 6 | 5 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 7 | 10 | 11 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 3 | 5 | 5 | 5 |
| Profit before tax | 1 | 0 | 0 | 5 | 4 | 4 | -3 | 1 | 10 | 16 | 22 | 26 | 27 |
| Tax % | 34 | 35 | 65 | 36 | 34 | 27 | -25 | 23 | 27 | 27 | 26 | 26 | |
| Net Profit | 1 | 0 | 0 | 3 | 3 | 3 | -2 | 1 | 8 | 11 | 16 | 19 | 20 |
| EPS in Rs | 0.23 | 0.10 | 0.05 | 0.89 | 0.25 | 0.15 | -0.13 | 0.05 | 0.44 | 0.19 | 0.25 | 0.30 | 0.30 |
| Diluted EPS in Rs | 3.36 | 0.30 | |||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 2 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 14%
- 5 years
- 33%
- 3 years
- 28%
- TTM
- 7%
Compounded profit growth
- 10 years
- 50%
- 5 years
- 66%
- 3 years
- 48%
- TTM
- -8%
Stock price CAGR
- 10 years
- —
- 5 years
- 82%
- 3 years
- 73%
- 1 year
- -37%
Return on equity
- 10 years
- 15%
- 5 years
- 15%
- 3 years
- 16%
- Last year
- 14%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 8 | 13 | 13 | 13 | 13 | 44 | 53 | 64 |
| Reserves | 5 | 5 | 6 | 9 | 6 | 16 | 14 | 15 | 23 | 37 | 57 | 105 |
| Borrowings | 41 | 34 | 35 | 27 | 25 | 23 | 25 | 30 | 32 | 41 | 86 | 115 |
| Other Liabilities | 25 | 21 | 32 | 44 | 42 | 60 | 62 | 45 | 58 | 34 | 53 | 78 |
| Total Liabilities | 73 | 63 | 75 | 82 | 81 | 112 | 113 | 103 | 125 | 157 | 249 | 362 |
| Fixed Assets | 6 | 4 | 4 | 4 | 2 | 1 | 1 | 2 | 3 | 36 | 36 | 43 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 67 | 58 | 71 | 78 | 79 | 111 | 112 | 101 | 120 | 119 | 213 | 319 |
| Total Assets | 73 | 63 | 75 | 82 | 81 | 112 | 113 | 103 | 125 | 157 | 249 | 362 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | 11 | 4 | 3 | 1 | -9 | 0 | 1 | 15 | 5 | -25 | -51 |
| Cash from Investing Activity | 0 | 0 | -0 | 3 | 1 | 0 | 1 | -1 | -13 | -35 | -3 | -8 |
| Cash from Financing Activity | -5 | -13 | -3 | -6 | -3 | 8 | -2 | 1 | -3 | 38 | 52 | 58 |
| Net Cash Flow | -1 | -2 | 0 | -0 | -1 | -1 | -1 | 0 | -1 | 8 | 23 | -1 |
| Free Cash Flow | 3 | 10 | 3 | 1 | 2 | -9 | -1 | -0 | 12 | -30 | -30 | -63 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 91 | 120 | 120 | 105 | 220 | 213 | 155 | 97 | 42 | 88 | 148 |
| Inventory Days | 141 | 157 | 232 | 397 | 430 | 335 | 340 | 315 | 188 | |||
| Days Payable | 133 | 147 | 231 | 310 | 225 | 300 | 276 | 203 | 146 | |||
| Cash Conversion Cycle | 110 | 101 | 122 | 207 | 310 | 255 | 277 | 267 | 139 | 42 | 88 | 148 |
| Working Capital Days | -35 | -55 | -55 | -38 | -8 | 87 | 118 | 148 | 88 | 73 | 75 | 125 |
| ROCE % | 16 | 14 | 13 | 20 | 21 | 16 | 8 | 8 | 20 | 22 | 18 | 15 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
total loans / revolving facilities outstanding at period end, the base of loan_default_cr
123cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
82.99inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
4.84cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about A B Infrabuild Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Cemindia Projects Limited
- Central Mine Planning & Design Institute Limited
- Engineers India Limited
- IRB Infrastructure Developers Limited
- Ircon International Limited
- KEC International Limited
- Kalpataru Projects International Limited
- Larsen & Toubro
- NBCC (India) Limited
- Rail Vikas Nigam Limited
- Techno Electric & Engineering Company Limited
Uses as raw material
- Bitumen
- Cement
- Chemical admixtures (plasticizers / superplasticizers)
- Coarse aggregates (crushed stone / gravel)
- Fly ash
- Precast concrete box segments
- Sand (river sand / M-sand)
- TMT steel / structural steel and plate girders
Depends on the price of
- cement
- steel
Sells to
- Central Railway (Indian Railways) · Road Over Bridge and Foot Over Bridge construction at various stations
- Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) · ROBs in lieu of level crossings LC 46A and LC 61 between Vaitarna and Bhilad stations, Vir…
- East Coast Railway · Road Over Bridge construction - multiple contracts of Rs 42.68 Cr, Rs 48.67 Cr and Rs 66.9…
- Mumbai Railway Vikas Corporation (MRVC) · Foot Over Bridge construction on Central Line (CST-Kalyan) and Harbour Line (CST-Panvel) s…
- Municipal Corporation of Greater Mumbai · ROB, bridge reconstruction and road works - Vidyavihar ROB (LBS Marg to RC Marg, 450 m), C…
- National Highways Authority of India (NHAI) · EPC road project - vehicular underpasses on NH-16, Odisha (Rs 62.94 Cr)
- North Central Railway · skywalks and platform shelter construction, Allahabad/Prayagraj station
- Public Works Department, Maharashtra (PWD) · road and civil construction works
- Western Railway · ROB and Foot Over Bridge construction, new platforms, new station buildings, approach-road…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Construction
- Industry
- Civil Construction
- Classification
- Construction › Civil Construction
- ISIN
- INE00YB01025
Plants
- Kashimira ready-mix concrete (RMC) plant
News impact
Big market events that reach A B Infrabuild Limited, and how the effect spreads.
20 Aug, 04:23 IST · Market event · medium impact
Cabinet clears five rail and highway projects worth Rs 13,041 crore
The government approved Rs 13,041 crore of new railway and highway projects, which over the next two to three years becomes order flow for construction companies, cement makers and equipment suppliers.
Who it hits first
- Railway project executors, most directly Rail Vikas Nigam and Ircon, gain pipeline for the rail packages.
- Road contractors gain pipeline for the highway packages.
- Government project management consultants such as NBCC gain fee-earning appointments.
- The effect is spread across many bidders, so no single company sees a step change from Rs 13,041 crore.
Who may gain
- Larsen & Toubro, which typically wins the largest packages in central infrastructure tenders.
- Mid-cap contractors with above-sector returns such as ABInfra, which convert incremental orders into profit better than low-return peers.
- Cement and steel suppliers further down the chain, because rail and road work is materials-heavy.
Along the supply chain
Downstream
The downstream customer is the government itself - the Ministry of Railways and the National Highways Authority - which means payment terms and execution pace are set by government cash release rather than by market demand. Once built, the finished corridors lower freight and logistics costs for manufacturers using those routes.
Upstream
Rail and road construction pulls on cement, steel rebar, aggregates and bitumen, so cement and long-steel producers see incremental volume once execution starts. Construction equipment hire and heavy machinery suppliers are drawn on at the same stage.
Where demand moves
Business
Approved projects become tenders, tenders become orders, and orders become purchases of cement, steel, aggregates and construction equipment. The demand created is real but arrives with a lag of two to four quarters, and it is shared among many bidders rather than concentrated. Contractors with weak balance sheets - Afcons, HCC and SEPC all carry heavy promoter pledging - cannot fund the working capital a new order needs, so the demand effectively concentrates in the financially stronger names.
Capital
Infrastructure approvals reliably draw retail and momentum money into railway and road construction stocks on the day. Because Rs 13,041 crore is routine in size, that flow tends to fade within days unless it is followed by actual tender awards. Institutional money is more selective, favouring the stronger balance sheets over the highest-beta names.
How it spreads across sectors
Capital Goods
Demand for construction equipment, signalling and electrification systems.
Construction
Incremental order pipeline for rail and road contractors over two to three years.
Construction Materials
Cement, steel and aggregate volumes once execution begins.
Commodity angle
Cc skip reason
no_commodity_link
A pattern seen before
Cascade chain
- Cabinet approves Rs 13,041 crore of rail and road projects
- Tenders float over the following months
- Contractors book orders
- Cement, steel and equipment volumes follow execution
Pattern name
Govt Capex Cascade
Sectors queried
- Construction
- Capital Goods
- Construction Materials
When it plays out
Immediate
Railway and road construction stocks typically see a day-one bid on approval headlines; expect that to fade quickly given the routine size.
Medium term
Revenue recognition begins roughly two to four quarters after award. The names that benefit are the ones that can fund working capital, which excludes the heavily pledged contractors here.
Short term
Watch for the actual tenders being floated and for which contractors are shortlisted - that is when the order-book effect becomes real.
27 Jun, 19:54 IST · Market event · low impact
Veligonda Irrigation Project: AP CM Naidu disburses ₹300 crore under R&R package
Who it hits first
- AP government released ₹300cr of a ₹980cr GoI-sanctioned R&R (Resettlement & Rehabilitation) package for the Veligonda irrigation project — this is compensation to displaced families, not a fresh construction-contract award.
- The project's prime EPC contractor (Megha Engineering, unlisted) is the direct beneficiary of execution continuity; no listed company has material order-book exposure to this specific disbursement.
- Net effect on listed equities is marginal/sentiment-level positive for AP-exposed irrigation, construction and cement names.
Who may gain
- AP-exposed construction/EPC contractors (e.g. HCC as a genuine irrigation-civil player, NBCC PSU) via order-pipeline continuity
- Regional cement supply (UltraTech's Jaggayyapeta & Tadipatri AP plants) and capital-goods pump/electrical makers (ABB) as second-order input suppliers
- Long-run: agriculture in the ~4.5 lakh-acre Prakasam/Nellore command area once irrigation is operational
Along the supply chain
Downstream
Completed Veligonda irrigation supplies water to ~4.5 lakh acres in drought-prone Prakasam and Nellore districts — downstream beneficiaries are agriculture and agri-input demand in the command area, a real-economy multi-year effect with no near-term listed-equity supply-chain linkage.
Upstream
Irrigation EPC pulls cement, steel/TMT bars and pumps/electrical equipment. AP cement capacity (UltraTech Jaggayyapeta & Tadipatri) and capital-goods pump/valve/motor makers (ABB) are the upstream suppliers that would see incremental, low-magnitude demand if Veligonda execution accelerates.
Where demand moves
Business
Sustained AP irrigation capex (₹980cr R&R sanctioned, ₹300cr now released) keeps Veligonda execution alive, preserving the order pipeline for EPC contractors and their input suppliers (cement, steel/TMT, pumps & electricals). Because the prime contractor Megha Engineering is unlisted, listed-market spillover is indirect — to AP-exposed mid-cap construction names and regional cement capacity rather than to any single pure-play.
Capital
Marginally supportive of the government-capex / irrigation construction theme, but at ₹300cr the disbursement is far too small to drive sector rotation. Any incremental flow benefit accrues to liquid, well-capitalised infra/EPC names (NBCC, RVNL) and high-quality construction (CEMPRO) over weak high-pledge mid-caps (HCC, AFCONS, SIMPLEXINF).
How it spreads across sectors
Agriculture
Long-term positive — irrigation command area raises cropping intensity (real economy, not near-term equity)
Capital Goods
Marginal positive — pumps/electricals/motors for irrigation works
Cement
Marginal positive — incremental regional demand for AP plants (UltraTech)
Construction
Marginal positive — order-pipeline continuity for AP-exposed EPC contractors
A pattern seen before
Cascade chain
- State irrigation capex disbursement → EPC execution continuity
- → cement / steel / pumps & electricals input demand
- → long-run agricultural productivity in command area
Pattern name
Govt Capex Cascade
Sectors queried
- Infrastructure
- Construction
- Construction Materials
- Cement
- Capital Goods
When it plays out
Immediate
Negligible price reaction expected — an R&R compensation disbursement is routine and ₹300cr is immaterial to listed names; no tradable catalyst.
Medium term
Continued AP irrigation/infra capex (Veligonda, Polavaram, Amaravati) underpins a multi-year order pipeline for AP-exposed construction and regional cement, but execution and balance-sheet quality (pledge, leverage) gate which names actually benefit.
Short term
Watch for actual Veligonda construction-contract awards or milestone payments, which (unlike R&R compensation) would be the real order-book catalyst for listed EPC/cement names.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 21 Sep 2026 | unspecified | ₹0.006 |
|---|---|---|
| 17 Oct 2025 | split | ₹0 |
| 22 Sep 2025 | unspecified | ₹0.05 |
Splits, bonuses & buybacks
- daily-prices repair: 40 rows from NSE's archive (replace 36, delete 0, insert 4), 2019-11-14..2026-02-01 (docs/flat_day_repair.md)1× · 14 Nov 2019
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 20 Aug 2026 | ARIHANT CAPITAL MARKETS LIMITED | BUY | 68,49,200 | ₹13.65 |
| 20 Aug 2026 | ARIHANT CAPITAL MARKETS LIMITED | SELL | 58,09,228 | ₹13.73 |
| 19 Aug 2026 | ARIHANT CAPITAL MARKETS LIMITED | BUY | 1,12,56,437 | ₹13.36 |
| 19 Aug 2026 | ARIHANT CAPITAL MARKETS LIMITED | SELL | 1,08,99,248 | ₹13.42 |
| 19 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 45,12,113 | ₹13.50 |
| 19 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 44,26,896 | ₹13.53 |
| 19 Aug 2026 | NIRMALKUMAR PAREEK | BUY | 44,00,000 | ₹13.55 |
| 19 Aug 2026 | NIRMALKUMAR PAREEK | SELL | 16,00,000 | ₹13.64 |
| 16 Jul 2026 | L7 SECURITIES PRIVATE LIMITED | SELL | 45,75,696 | ₹10.08 |
| 16 Jul 2026 | L7 MEDIA PRIVATE LIMITED | BUY | 45,75,696 | ₹10.08 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2024-254 Sep 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.