ICICI Securities Upgrades Afcons Infrastructure to Buy with target of ₹496

Status: Pending

Age: New (14/08/2025)

TRACK

Brokerage

ICICI Securities

Analyst

Brokerage Team

Position

Bullish

Start Date

14/08/2025

Horizon

Short Term

Target Price and Expected Returns

Start Price

₹431.05

Target Price

₹496

Expected Returns

15.02%

Summary

ICICI Securities recommends a buy rating on Afcons Infrastructure with a target price of ₹496, expecting a Q1FY26 growth in revenues and margins.

ICICI Securities's justification for Afcons Infrastructure target price prediction

Steady Q1FY26 performance with revenues at INR 34bn and EBITDA at INR 4.3bn.
PAT surged 50% YoY to INR 1.3bn.
Strong order book of INR 353bn, and execution expected to pick up in H2FY26.
Order pipeline healthy at INR 3.3trn.
Recommend retain BUY with strong execution visibility.

Key risks: 1) Delays in execution of projects. 2) Delays in payments from customers; thereby, increasing the receivables position. 3) Lower-than-expected OI.

Sources:

https://www.moneycontrol.com/news/business/stocks/buy-afcons-infrastructure-target-of-rs-496-icici-securities-13422587.html

Tags:

Afcons Infrastructure, Brokerage Team, Bullish, ICICI Securities, stock_prediction

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