A2z Infra Engineering Limited (A2ZINFRA)

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A2z Infra Engineering Limited (A2ZINFRA) · mywealthgrid

About

A2Z Infra Engineering operates in Commercial Services & Supplies within the Industrials sector, with a market cap of ₹255 Cr. The company executes project-based contracts with significant quarterly revenue variation (₹16–₹109 Cr), suggesting a contract-dependent or infrastructure-focused service model.

Face value: ₹10

Market cap

₹253 Cr

P/E

69.0×

P/B

5.1×

Dividend yield

ROE

11.5%

ROCE

27.2%

Debt / equity

1.94

OPM

2.3%

EPS (TTM)

₹0.2

Book value

₹2.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability collapse: Net profit swung from +6.65 Cr (Mar 2026) to –4.12 Cr (Dec 2025); recent Jun 2026 shows –0.24 Cr loss with –2.21% OPM, signaling potential project delays or cost overruns
High leverage with thin margins: D/E ratio of 1.94 combined with 2.25% company OPM leaves minimal cushion for cost shocks or demand contraction; verify debt maturity and covenant headroom
Lumpy, contract-dependent revenue: Quarterly range of ₹16–₹109 Cr suggests dependency on large contract timing; verify customer concentration, backlog stability, and project execution capability
Valuation stress: PE 69.53 with –24.73% 1-year return despite ROE of 11.49% suggests the market has priced in concerns; verify if this reflects structural deterioration or cyclical opportunity

Generated analysis · source review pending

Growth drivers

Mar 2026 achieved 6.65 Cr net profit on 92.24 Cr revenue (7.2% net margin); verify what drove this performance and whether similar project profile exists in current pipeline
Scale capacity demonstrated at 108.97 Cr quarterly revenue (Dec 2025); verify if order backlog and tender pipeline support sustained large-contract execution
Sep 2025 achieved +5.86% OPM vs 2.25% company average; identify which projects or business segments drove this and verify if they represent repeatable, growing business lines

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹14.4-0.9%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 8.6% (3-yr avg)
−Thin operating margin of 2.3%
−Revenue shrank over the last 5 years (-1.4% a year)
−Heavily leveraged (debt/equity 1.9)
−Expensive at 69× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

15/100

Business quality: 23
Growth: 5
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	700	415	353	349	388	336	386
COGS	425	235	191	134	174	133	179
Gross profit	274	180	162	216	214	203	208
	305	213	325	210	303	196	199
	-30	-34	-163	5	-89	7	9
OPM %	-4.3%	-8.2%	-46%	1.5%	-22.8%	2%	2.3%
Depreciation	14	9	9	9	5	5	5
Interest	60	60	28	13	6	8	7
	-133	26	23	-89	95	16	11
Profit before tax	-237	-77	-177	-106	-5	10	8
Tax	41	4	3	20	3	9	2
Tax %	17.2%	5%	1.8%	18.7%	60.2%	89.7%	31.6%
	-278	-81	-180	-126	-7	1	5
PAT margin %	-39.7%	-19.5%	-50.9%	-36.1%	-1.9%	0.3%	1.4%
EPS (₹)	-15.7	-4.6	-10.2	-7	-0.3	0.5	0.3
EPS adjusted (₹)	—	-4.6	-10.2	-7	-0.3	0.5	0.3
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	176	176	176	176	176	176
Reserves	162	-17	-138	-144	-150	-127
	526	385	313	198	92	96
	1,008	883	640	453	380	315
Total equity & liabilities	1,872	1,427	991	683	498	461
	114	107	72	75	73	63
CWIP	90	93	55	58	18	6
Investments	220	156	70	36	0	1
	1,449	1,071	794	514	408	391
Total assets	1,872	1,427	991	683	498	461

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Segment- FMS	218.41	11.22	84.66	58.41	26.25	42.74
Segment- ES	113.71	-3.96

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.2%	43.3%	45.9%	61.7%	55.2%	60.4%	53.7%
EBITDA margin %	-4.1%	-7.2%	-42%	0.4%	-14%	2.6%	2.3%
EBIT margin %	-6.1%	-9.4%	-44.6%	-2.1%	-15.3%	1.1%	1%
PAT margin %	-39.7%	-19.5%	-50.9%	-36.1%	-1.9%	0.3%	1.4%
Working capital
Receivable days	—	794	528	339	147	114	76
Inventory days	—	11	9	13	0	0	0
Payable days	—	943	1,010	987	582	684	445
NWC days	—	-138	-473	-635	-436	-570	-369
Leverage
Current ratio	—	0.88	0.81	0.79	0.72	0.77	0.83
Debt to EBITDA	—	—	—	223.64	—	10.57	11.03
Debt to equity	—	1.56	2.42	8.23	6.15	3.44	1.94
Interest coverage	-0.2	-0.2	-5	1.9	-3.5	3.2	2.7
Asset turnover	—	0.22	0.25	0.35	0.57	0.67	0.84
Return ratios
Return on assets %	—	-4.3%	-12.6%	-12.7%	-1.1%	0.2%	1.1%
Return on capital employed %	—	-3.4%	-44.5%	14.9%	-24.6%	33.4%	27.2%
Return on equity %	—	-24%	-113%	-331.3%	-22.9%	3.9%	10.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	27.92%
	1.62%	1.62%	1.62%	1.64%	1.62%	1.28%	1.03%	0.9%	0.85%	0.82%	0.86%	0.94%
	0%	0%	0.1%	0.11%	0.11%	0.11%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	70.24%	70.24%	70.14%	70.11%	70.13%	70.47%	70.73%	70.86%	70.91%	70.94%	70.9%	71.04%
No. of shareholders	—	—	—	—	—	—	—	—	42,196	41,406	40,596	40,119

Promoter holding down 0.22 percentage points since Sep 2023.

3 deals · 14 Jan 2022 – 28 Mar 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Mar 2023	DHWAJA SHARES & SECURITIES PVT LTD	Bulk	NSE	Sell	10,74,091	₹6.18	₹0.66 Cr
14 Jan 2022	ALPHA LEON ENTERPRISES LLP	Bulk	NSE	Sell	9,24,029	₹12.52	₹1.16 Cr
14 Jan 2022	ALPHA LEON ENTERPRISES LLP	Bulk	NSE	Buy	7,24,029	₹12.37	₹0.90 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Ms. Atima KhannaNon-Executive - Independent Director-Chairperson
Mr. Amit MittalExecutive Director-CEO-MD
Ms. Dipali MittalNon-Executive - Non Independent Director
Mr. Arun GaurNon-Executive - Non Independent Director
Mr. Manoj TiwariNon-Executive - Non Independent Director
Ms. Ritu GoyalNon-Executive - Independent Director
Mr. Parmatma Singh RathorNon-Executive - Independent Director
Mr. Atul Kumar AgarwalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in A2z Infra Engineering Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Dividend dividend22 Sept 2011 · ex-date₹2

2

Board meeting to consider results12 Aug 2026
Board meeting to consider results14 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

48 announcementsExport CSV

4 Sept 2026, 4:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.2%	43.3%	45.9%	61.7%	55.2%	60.4%	53.7%
EBITDA margin %	-4.1%	-7.2%	-42%	0.4%	-14%	2.6%	2.3%
EBIT margin %	-6.1%	-9.4%	-44.6%	-2.1%	-15.3%	1.1%	1%
PAT margin %	-39.7%	-19.5%	-50.9%	-36.1%	-1.9%	0.3%	1.4%
Working capital
Receivable days	—	794	528	339	147	114	76
Inventory days	—	11	9	13	0	0	0
Payable days	—	943	1,010	987	582	684	445
NWC days	—	-138	-473	-635	-436	-570	-369
Leverage
Current ratio	—	0.88	0.81	0.79	0.72	0.77	0.83
Debt to EBITDA	—	—	—	223.64	—	10.57	11.03
Debt to equity	—	1.56	2.42	8.23	6.15	3.44	1.94
Interest coverage	-0.2	-0.2	-5	1.9	-3.5	3.2	2.7
Asset turnover	—	0.22	0.25	0.35	0.57	0.67	0.84
Return ratios
Return on assets %	—	-4.3%	-12.6%	-12.7%	-1.1%	0.2%	1.1%
Return on capital employed %	—	-3.4%	-44.5%	14.9%	-24.6%	33.4%	27.2%
Return on equity %	—	-24%	-113%	-331.3%	-22.9%	3.9%	10.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
International Gemological Institute LimitedIGILIGIL	₹13,482 Cr	₹13,482 Cr	₹1,363 Cr	₹827 Cr	60.9%	₹610 Cr	44.5%	61.1%	49.1%	36
Wework India Management LimitedWEWORKWEWORK	₹8,931 Cr	₹9,264 Cr	₹2,589 Cr	₹1,676 Cr	64.5%	₹84 Cr	3.1%	12.4%	25%	-18
Nesco LimitedNESCONESCO	₹7,249 Cr	₹7,249 Cr	₹951 Cr	₹482 Cr	52.6%	₹417 Cr	44.3%	17%	14.7%	1
Indiabulls LimitedIBULLSLTDIBULLSLTD	₹6,856 Cr	₹7,314 Cr	₹1,101 Cr	₹417 Cr	33.2%	₹419 Cr	41.5%	—	8.9%	—
Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
Leap India LimitedLEAPINDLEAPIND	₹6,036 Cr	₹7,054 Cr	₹730 Cr	₹157 Cr	21.5%	₹62 Cr	8.6%	9.5%	9.6%	-520
Smartworks Coworking Spaces LimitedSMARTWORKSSMARTWORKS	₹5,837 Cr	₹6,044 Cr	₹1,963 Cr	₹1,260 Cr	64.3%	₹28 Cr	0.6%	7.5%	2%	-102
Elevate Campuses LimitedELEVATEELEVATE	₹5,811 Cr	₹9,931 Cr	₹569 Cr	₹405 Cr	71.3%	₹174 Cr	30.6%	9.3%	21.1%	—
Nirlon LimitedNIRLONNIRLON	₹5,467 Cr	₹6,614 Cr	₹317 Cr	₹237 Cr	79.1%	₹127 Cr	34.3%	23.2%	59.8%	-56
Quess Corp LimitedQUESSQUESS	₹5,023 Cr	₹5,023 Cr	₹15,835 Cr	₹327 Cr	2%	₹253 Cr	1.5%	19.2%	19.7%	19
Indiqube Spaces LimitedINDIQUBEINDIQUBE	₹4,187 Cr	₹4,477 Cr	₹1,564 Cr	₹952 Cr	60.8%	₹-93 Cr	-7.3%	5.7%	-20.7%	-273
Sanghvi Movers LimitedSANGHVIMOVSANGHVIMOV	₹3,719 Cr	₹4,393 Cr	₹1,177 Cr	₹426 Cr	37.4%	₹199 Cr	17.2%	18%	15%	77

Date	Category	Subject	Filing
4 Sept 2026, 4:39 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 7:32 pm	Company Update General	Intimation Regarding Dispatch Of Physical Communication To Shareholders Regarding Web Link Of Annual Report Who Have Not Registered Their Email Address	PDF
3 Sept 2026, 6:31 pm	Corp. Action Book Closure	Book Closure For 25Th Annual General Meeting	PDF
3 Sept 2026, 6:24 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
3 Sept 2026, 6:14 pm	AGM/EGM AGM	Notice Convening 25Th Annual General Meeting Of The Company	PDF
1 Sept 2026, 6:08 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
31 Aug 2026, 7:29 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
31 Aug 2026, 7:18 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-7	38	20	95	54	-17
	11	25	28	-11	-12	11
	-1	-68	-47	-94	-39	5
Net cash flow	4	-5	2	-9	3	-0
Free cash flow	-11	36	14	85	51	-18
CFO / Operating profit %	—	—	—	—	626%	-191.1%

A2z Infra Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

2

Announcements

Not in the F&O segment

No fund holdings on record

1

2

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Segment - ES · revenue

A2z Infra Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings2

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends1

Board meetings2

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment - ES · revenue

1

2

1

2