Afcons Infrastructure Limited IPO Review | CA Rachana Ranade

Watch this video to know more about the IPO of Afcons Infrastructure Limited as we summarize the RHP details like Company details, Financials and Key risks, and other IPO details.

For any queries drop a WhatsApp message on [phone]
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What is covered?
0:00 - About Company
5:03 - Industry Analysis
7:39 - Financials
9:19 - Peer Comparison
9:46 - Valuation
10:13 - Key Risks
11:02 - IPO and Issue Details

#CARachanaRanade #ShareMarket #ipo

[CARachanaRanade]

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For any queries drop a WhatsApp message on [phone]

[pratik]

Afcons is an excellent organisation to work in. I have been a part of this company for 7 years now and it has been nothing short of enriching and enlightening experience. Not only has the company delivered amazing projects, and will be working on some more mindblowing projects in future, it also has a very decent culture internally. There are employees sticking around for over 10-15 years with the company through thick and thin. There are Directors and Business Heads who have been around for more than 25-30 years. It's no wonder the company does take care of employees and that is why has been able to achieve so many milestones through robust technical expertise. Proud to be an Afconian and I just wish the very best for Afcons in this IPO!

[yogeshsarang]

Thanks for this video. I am an employee of this co & we really feel proud for projects like chenab railway bridge, Nagpur Metro, samruddhi mahamarg, Atal tunnel, bullet train, ongoing missing link.Recently co got order of 6000cr. For bridge construction. Just go for it.

[lakshnaramesh]

→ Points to consider before applying for this IPO:

★ 77% of the issue is Offer For Sale (OFS) & only 23% is fresh issue, which is not good & definitely
★ Contingent liability & litigation against the company is exorbitantly high, in fact it is over 11 times of its Net Profit
★ PE ratio mentioned by Rachana ma'am is incorrect, actual PE for the company is 46, hence overvalued compared to it's peers like L&T, NBCC, NCC
★ L&T with around 80 years of experience in this industry which has PE Ratio of just 35 with PAT Margin of 9.50% against Afcons Construction which is only 2.80% as of latest quarter, hence L&T is dominating this industry with sky high Revenue, Net Profit, OPM, NPM, Order Book, RoNW etc...

[srmdeep]

I am a proud employee of the company. Great company and great
Management. Must buy IPO. Wish the company all the best.

[akdubey]

I am working in Afcons since last 14 years. Always feel proud to be an Afconian. The employee caring Management, the best working culture, law abiding and statutory compliant company are the attraction to continue for longer retention in the organisation. I feel more proud when I see the that my company have built iconic Chenab bridge, metro rail tunnel under river Hooghly, Atal tunnel at Rohtang and many more landmark projects.

[sandeepkulkarni]

Good information about forthcoming Afcons ipo. 70% business comes from Government and Contingent liabities is almost 11 times of its profits, why conpany in such a situation? Does it mean Governments (central and states) themselves have filed cases against company? Hope my question is based on my understanding from this video.

[lakshnaramesh]

6:10 Gross Value Added (GVA) I've learnt in my 12th grade in Macro Economics
Thanks ma'am for recalling once again! 😊

[kedarsakhardande]

Here there are more employees than outside viwers. Seems coincidence

Contingent liabilities (off balancesheet items) are very high


Theese are high duration contracts (escalation clauses should handle this)

Debt equity ratio needs to be seen

[cmasantoshkumarNayak]

I am currently working on this company . My department is Finance and accounts.really its very nice company and its future plane is very clear. You may buy the share . It's order book is around 31000 crore and its running project around 19000 crore.

[vivekgupta]

Thanks for the timely info. I guess I would rather buy L&T :)

[karthikrangaraj]

Indian Accounting terms doesn't have Millions it shoud be Crores... some slides you are showing USD Millions and in some slides you are showing INR Millions!!! why confusion? Data points doesn't looks correct.

[Indiaonwards]

Afcons Infrastructure Ltd best company in india, it's dream to all engineer

[rahuljain]

WRONG INFORMATION. PE IS 46.48 according to annualized FY earnings of June 30, 2024 that is available in RHP. This issue is EXPENSIVE. And it's an OFS. Was this video sponsored?

[nlswdcp]

I work in afcons we get salary very late on 20th every month, company running out of funds no new recruits going on, avoid this ipo we have 44 rs discount still not applying

[llawliet]

Not really impressed with Afcons IPO tbh.

- After IPO PE is 46 actually which is overvalued.
- Low margin business and many variable costs involved
- L&T much better and bigger dominating the industry with much better margin and less PE
- 4200/5400 Crore OFS. 77% OFS NOT a good sign.
- Too much litigations against the company

I will AVOID this IPO.

[ramakrishnanak]

I understand that this is an OFS issue. Also you are not explaining the actual financial position of the Company. Someone has commented that the Company's contingent liability is substantially high. You are only explaining the facts which are available in the public domain. Please give your observation

[RavindraKumbhar-jc]

VERY HELPFUL INFO 👍🏼: Thank you very much for great insights about the upcoming IPO, its really eye opening to watch your informative videos before applying IPO or buys stocks.
Even the video before Hyundai motors India and Waree energy IPO was really helpful to take a decision.
Looking forward for such a detailed videos.

And yes, i will definitely help spreading work about AI fraud scam if i come across.

Thank you Rachana Tai. :)

[ashwiniverma]

Maam, requesting you to kindly make a brief description video on Envirotech System ltd. Looks like a potential stock, jo ki bohot aage ja sakta hai.

[apoorvshukla]

"Ma'am, will you be applying for the IPO? I'd love to hear your thoughts on it in your video please also include that part also!"