NSE: ABINFRA · BSE: 544281
A B INFRABUILD LIMITED
Builds civil infrastructure on EPC contracts for government clients — mainly Road Over Bridges (ROBs) for Indian Railways' East Coast Railway and Vehicle Underpasses and service roads for NHAI. In the closing months of FY26 alone, the company received four Letters of Acceptance: an ROB on the Baruva-Mandasa section valued at approximately ₹42.68 crore, an ROB at Mandasa-Summadevi plus technical services for nine level crossings at approximately ₹48.68 crore, an ROB at km 629/11-13 at approximately ₹66.96 crore, and three VUPs on the Puintola-Icchapuram stretch of NH-16 at approximately ₹62.94 crore, with execution timelines of 18-24 months. FY26 revenue stood at ₹256.21 crore, up 23.08% year-on-year, with net profit of ₹19.34 crore. Materials are the dominant cost at 91.1% of revenue, while employee cost was 1.3% and other operating expenses 4.2%. Trade receivables nearly doubled to ₹10,421 lakh and operating cash flow turned negative at ₹5,117.36 lakh during the year; the company raised about ₹3,992.43 lakh via a rights issue and carried out a 10:1 share split (₹10 face value to Re. 1). AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Civil infrastructure construction (EPC). Civil EPC contractor with a material-heavy, low-fixed-cost structure
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 208 | 256 |
| EBITDA (ex other income) | 32 | 38 |
| margin % | 15.6 | 14.9 |
| Owners' profit | 16 | 19 |
| EPS, as reported (₹) | 3.36 | 0.30 |
| ROE % · ROCE % | 14.6 · 20.7 | 11.4 · 17.9 |
| Debt / equity (x) | 0.75 | 0.65 |
| Cash from operations | (24) | (51) |
| Capex | 0 | (11) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 47 | 75 | 72 | 61 | 37 | 74 | 84 | 76 |
| Profit before tax | 5 | 7 | 9 | 7 | 3 | 8 | 8 | 7 |
| Net profit | 4 | 5 | 7 | 5 | 2 | 6 | 6 | 5 |
| EPS (₹) | 0.81 | 0.99 | 1.40 | 0.80 | 0.33 | 0.10 | 0.09 | 0.08 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 4,98,723 | 30.1 | 3.88 | 18.2 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 39,032 | 43.4 | 3.98 | 28.1 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 23,895 | 21.0 | 3.09 | 10.8 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 21,100 | 16.2 | 1.01 | 9.8 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 19,980 | 27.0 | 6.21 | 16.4 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 19,499 | 32.4 | 8.13 | 16.6 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 16,254 | 20.7 | 5.17 | 18.1 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 10,966 | 25.4 | 2.64 | 18.0 | 11.4 | 12.4 | 29.6 | 20.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.8 | 14.6 | 66 of 101 | 35% |
| P/B | 4.7 | 1.4 | 77 of 85 | 8% |
| ROCE | 12.9 | 10.0 | 39 of 107 | 64% |
| ROE | 11.4 | 9.1 | 34 of 87 | 62% |
| Debt / Equity | 0.7 | 0.4 | 63 of 87 | 28% |
| EBITDA margin | 15.6 | 12.4 | 34 of 88 | 62% |
| Revenue growth | 25.9 | 6.2 | 20 of 86 | 78% |
| Profit growth | 4.4 | 2.7 | 40 of 84 | 53% |
| Market cap | 798 | 468 | 47 of 107 | 57% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · New EPC order worth Rs 48.10 cr from Chhattisgarh government | business updates | high | — | — |
| 29 Sept 2026 · AGM 2026 results: all 6 resolutions passed, dividend declared | board shareholder meetings | low | — | — |
| 28 Sept 2026 · 16th AGM held via video conferencing, 6 resolutions tabled | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from October 1 for Q2 results | compliance | minimal | — | — |
| 5 Sept 2026 · AGM Notice, E-Voting and Book Closure Details Published | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY26: Revenue up 23%, PAT at Rs 19.34 Cr, 0.6% dividend declared | results | high | — | — |
| 4 Sept 2026 · 16th AGM notice: dividend, borrowing limit hike to Rs 1,000 crore | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper Publication - 16th AGM Notice | compliance | minimal | — | — |
| 21 Aug 2026 · Record Date Set for Dividend - A B Infrabuild | corporate actions | medium | — | — |
| 21 Aug 2026 · Book closure Sep 22-28 for 16th AGM on Sep 28, 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.