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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
PNC Infratech Limited is an India-based infrastructure investment, development, construction, operation and maintenance, and management company. The Company specializes in the construction of bridges, flyovers, airport pavements, roads, highways, expressways, industrial area…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, slow-growing business, trading cheap versus its own history.
PNC Infratech is scored on the general / industrial framework. It keeps a healthy 15.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 5.52× reported profit.
Over the last 3 years revenue compounded at -12%/yr and profit at 8%/yr. Book value itself has compounded 17%/yr — the hallmark of a genuine compounder. Return on equity is a modest 8.7%. In the latest quarter profit fell 65% versus the prior quarter.
At 4× earnings, the stock sits at the 1st percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-10%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 5.29 | 22.25 | better |
| P/B | 0.46 | 2.6 | better |
| EV/EBITDA | 4.75 | — | — |
| ROE | 8.71 | 6.19 | better |
| ROCE | 10.2 | 29.33 | worse |
| ROA | 4.27 | 3.28 | better |
| Quick Ratio | 3.27 | 11.27 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| RVNL | 44.7 | 4.1 | 8.9% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
Revenue declined 21% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window.
Profit is growing faster than revenue (8% vs -12%) — margin expansion is at work.
Operating margin has expanded from 12% to 19% — the business is keeping more of each rupee earned.
ROE at 12% — a respectable return on shareholder capital.
8% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 5.5× PAT — earnings are well-backed by cash; strong accrual quality.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 22% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 8% above earlier ones.
Profit fell 65% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (6% → 8%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 56.3% — majority control intact. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction. MF stake down 6.0pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.