Synopsis: Afcons Infrastructure shares fell after updates on Croatia projects that are two road packages worth ~Rs. 4,535 crore were cancelled due to budget limits, while a railway project bid remains likely to be awarded, partially offsetting concerns.
The shares of this company are one of the leading engineering and construction companies specialising in complex infrastructure projects such as marine works, highways, bridges, tunnels, and rail systems are in the spotlight after falling by 8% in today’s session after updates on two Croatian road projects.
With a market capitalisation of Rs. 11,570 cr, the shares of Afcons Infrastructure Ltd were trading at Rs. 314.60 per share, declining 8% in today’s market session, making a low of Rs. 309.45 per share, down from its previous close of Rs. 336.45 per share.
What’s the News
Afcons Infrastructure Ltd informed regarding announcements related to infrastructure projects in Croatia. The company explains that it had earlier informed the exchanges that it was the lowest bidder (L1) for two major infrastructure opportunities in the Republic of Croatia.
The company explains that it had earlier informed the exchanges that it was the lowest bidder (L1) for two major infrastructure opportunities in the Republic of Croatia, along with a separate railway project. The road projects included two packages (J324/23 and J325/23) awarded by Croatian Motorways Ltd, while the railway project involves the reconstruction and construction of the Dugo Selo–Novska railway line, including electrification and signalling works for HŽ Infrastructure Ltd.
In the latest update, the company clarifies the current status of these bids. For the railway project, Afcons has been selected as the most suitable bidder and the client has proposed acceptance of its bid, indicating a likely award.
However, the two road packages (J324/23 and J325/23), together worth approximately Rs. 4,535 crore, have been cancelled by the client as the company’s quoted prices exceeded the authority’s planned financial resources.
Overall, the disclosure informs investors that while the railway project is moving forward toward final award, the two road projects have been cancelled. The company also stated that it will continue to keep the stock exchanges informed of any further material developments in this matter.
About the company
Afcons Infrastructure Ltd is one of the leading engineering and construction companies specialising in complex infrastructure projects such as marine works, highways, bridges, tunnels, and rail systems. It is part of the Shapoorji Pallonji Group and has a strong presence in both India and international markets. The company is known for executing large-scale, technically challenging projects across diverse geographies.
The Q3FY26 results highlight a steady operational performance for Afcons Infrastructure Ltd. The company reported a total income of Rs. 3,025 crore in Q3 FY26 and Rs. 9,545 crore for 9M FY26, supported by an order inflow of Rs. 2,640 crore and a strong order book of Rs. 31,543 crore (as of Dec 2025).
EBITDA stood at Rs. 424 crore in Q3 and Rs. 1,269 crore in 9M, while PAT came in at Rs. 97 crore and Rs. 339 crore, respectively. Key financial ratios remained stable with ROCE at 13.2%, ROE at 8.5%, net debt-to-equity at 0.5x, and a healthy book-to-bill ratio of 2.5x, indicating solid project visibility and balanced financial leverage.
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The post Infra Stock Crashes 8% After Croatian Motorways Cancels Two of Its Orders Worth ₹4,535 Cr appeared first on Trade Brains.