AGI INFRA LIMITED

Develops and sells residential and commercial real estate projects, primarily in Punjab and the northern region, with a portfolio of completed, ongoing and upcoming developments. As of FY26, the project book comprises 10 completed projects (95.18 lakh sq ft), 12 ongoing projects (1.68 crore sq ft, of which 43% is sold), and 4 upcoming projects (78.73 lakh sq ft), supported by 164.25 acres of land reserves. The company funds its construction pipeline through customer advances, bank borrowings (CARE BBB+ stable rated) and equity, having raised Rs 7,500 Lakhs via a Qualified Institutional Placement in Q4 FY26 issuing 28.3 lakh shares at Rs 265 each. It also acquired a 60% controlling stake in WorldNext Realty LLP (now a subsidiary) and operates AGI Cold Chain Private Limited as another subsidiary. Revenue stood at Rs 35,254 Lakhs in FY26 with EBITDA margin of around 37% and PAT of Rs 9,486 Lakhs, while operating cash flow was negative due to a sharp build-up in inventory (inventories rose to Rs 99,789 Lakhs). The biggest cost line is materials, which consumed 98.8% of revenue in FY26, reflecting the land and construction nature of the business.