Shares of Afcons Infrastructure Ltd surged 9 percent on Wednesday after the company received a Letter of Award (LoA) from Vadhvan Port Project Limited (VPPL) for a major marine infrastructure project in Maharashtra.
The stock climbed to Rs 346, compared with the previous close of Rs 315.54. Afcons Infrastructure has a market capitalization of Rs 12,195 crore and trades at a P/E ratio of around 42 times.
Rs 5,301 crore order
The company has been awarded a contract worth Rs 5,301 crore for the construction of a 10.14-km-long breakwater at the upcoming Vadhvan Port.
According to the company, the order was received in the normal course of business.
Second-longest breakwater globally
Once completed, the structure is expected to become the second longest breakwater in the world.
The Vadhvan Port project is being developed as:
- India’s largest public port.
- One of the world’s largest container ports.
The port is expected to have a cargo handling capacity of 23.2 million TEUs.
Marine project experience
Afcons has executed several marine infrastructure projects in international markets.
These include:
- Bulk Jetty project at the Port of Sohar, Oman.
- New Owendo International Port in Gabon.
FY26 financial performance
On a consolidated basis, the company reported:
- Total income of Rs 12,322 crore in FY26, compared with Rs 13,023 crore in FY25.
- EBITDA of Rs 1,439 crore.
- EBITDA margin of 11.7 percent.
- Profit after tax of Rs 251 crore.
The FY26 results included a one-time provision of Rs 76.51 crore related to the new labour code.
As of March 2026, the company’s order book stood at Rs 32,496 crore.
Q4 FY26 performance
For the March quarter, Afcons reported:
- Total income of Rs 2,777 crore.
- EBITDA of Rs 170 crore.
- Net loss of Rs 89 crore.
The quarterly performance was affected by higher costs and pressure on margins.
Key metrics
- Net debt-to-equity ratio: 0.5x
- ROCE: 11.9 percent
About the company
Founded in 1976, Afcons Infrastructure Ltd is the flagship engineering and construction company of the Shapoorji Pallonji Group.
The company operates across:
- Marine infrastructure.
- Transport projects.
- Urban infrastructure.
- Hydro projects.
- Oil and gas.
Afcons has a presence in 31 countries.
TL;DR
Afcons Infrastructure shares jumped 9 percent after the company secured a Rs 5,301 crore contract from Vadhvan Port Project Limited to build a 10.14-km breakwater at the upcoming Vadhvan Port in Maharashtra.
AI Summary
- Afcons Infrastructure received a Rs 5,301 crore LoA from Vadhvan Port Project Limited.
- The contract involves construction of a 10.14-km breakwater.
- The stock gained 9 percent following the announcement.
- Vadhvan Port is expected to have a capacity of 23.2 million TEUs.
- Afcons’ order book stood at Rs 32,496 crore as of March 2026.
