Announcement • Jun 25
IL&FS Engineering and Construction Company Limited, Annual General Meeting, Jul 31, 2026 IL&FS Engineering and Construction Company Limited, Annual General Meeting, Jul 31, 2026, at 11:30 Indian Standard Time. Announcement • Jan 05
IL&FS Engineering and Construction Company Limited Announces Defaults on Payment of Interest/ Repayment of Principal Amount for Loans IL&FS Engineering and Construction Company Limited announced the total amount outstanding as on the date is INR 26,277.2 million of the total amount outstanding, amount of default as on the date is INR 27,277.2 million. The total financial indebtedness of the listed entity, including both short-term and long-term debt, is INR 30,972.8 million. Announcement • Aug 02
IL&FS Engineering and Construction Company Limited to Report Q1, 2026 Results on Aug 11, 2025 IL&FS Engineering and Construction Company Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Announcement • Jul 18
IL&FS Engineering and Construction Company Limited, Annual General Meeting, Aug 21, 2025 IL&FS Engineering and Construction Company Limited, Annual General Meeting, Aug 21, 2025, at 11:30 Indian Standard Time. Announcement • May 13
IL&FS Engineering and Construction Company Limited to Report Q4, 2025 Results on May 28, 2025 IL&FS Engineering and Construction Company Limited announced that they will report Q4, 2025 results on May 28, 2025 Announcement • Apr 09
Il&Fs Engineering and Construction Company Limited Announces Disclosures of Defaults on Payment of Interest/ Repayment of Principal Amount for Loans IL&FS Engineering and Construction Company Limited announced disclosure of defaults on payment of interest/repayment of principal on loans. As of the current date, the total amount outstanding for loans and revolving facilities like cash credit from banks and financial institutions is INR 2,628.15. Of this total amount outstanding, the amount of default as on the date is also INR 2,628.15. Furthermore, the total financial indebtedness of the listed entity, which includes both short-term and long-term debt, amounts to INR 3,097.71. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Director Lubna Usman was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.11 (vs ₹0.59 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.11 (down from ₹0.59 in 3Q 2024). Revenue: ₹679.1m (up 45% from 3Q 2024). Net income: ₹14.9m (down 81% from 3Q 2024). Profit margin: 2.2% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
IL&FS Engineering and Construction Company Limited to Report Q3, 2025 Results on Feb 11, 2025 IL&FS Engineering and Construction Company Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Announcement • Dec 31
Il&Fs Engineering and Construction Company Limited Announces Resignation of Manish Kumar Agarwal as Non-Executive Director IL&FS Engineering and Construction Company Limited announced resignation of Manish Kumar Agarwal as Non-Executive Director of the Company. Date of cessation 25th December, 2024. Reported Earnings • Nov 05
Second quarter 2025 earnings released: ₹0.82 loss per share (vs ₹2.18 profit in 2Q 2024) Second quarter 2025 results: ₹0.82 loss per share (down from ₹2.18 profit in 2Q 2024). Revenue: ₹783.0m (up 8.8% from 2Q 2024). Net loss: ₹107.2m (down 137% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 21
IL&FS Engineering and Construction Company Limited to Report Q2, 2025 Results on Nov 04, 2024 IL&FS Engineering and Construction Company Limited announced that they will report Q2, 2025 results on Nov 04, 2024 New Risk • Sep 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹655.6m (US$7.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹32b). Market cap is less than US$10m (₹655.6m market cap, or US$7.82m). Reported Earnings • Jul 25
Full year 2024 earnings released: ₹5.91 loss per share (vs ₹9.46 loss in FY 2023) Full year 2024 results: ₹5.91 loss per share (improved from ₹9.46 loss in FY 2023). Revenue: ₹2.59b (up 46% from FY 2023). Net loss: ₹774.5m (loss narrowed 38% from FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
IL&FS Engineering and Construction Company Limited to Report Q1, 2025 Results on Aug 08, 2024 IL&FS Engineering and Construction Company Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • May 24
IL&FS Engineering and Construction Company Limited, Annual General Meeting, Aug 23, 2024 IL&FS Engineering and Construction Company Limited, Annual General Meeting, Aug 23, 2024. Reported Earnings • May 22
Full year 2024 earnings released: ₹5.91 loss per share (vs ₹9.46 loss in FY 2023) Full year 2024 results: ₹5.91 loss per share (improved from ₹9.46 loss in FY 2023). Revenue: ₹3.33b (up 88% from FY 2023). Net loss: ₹774.5m (loss narrowed 38% from FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.59 (vs ₹3.95 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.59 (up from ₹3.95 loss in 3Q 2023). Revenue: ₹493.6m (down 3.3% from 3Q 2023). Net income: ₹76.9m (up ₹596.2m from 3Q 2023). Profit margin: 16% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹2.18 (vs ₹0.89 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹2.18 (up from ₹0.89 loss in 2Q 2023). Revenue: ₹1.08b (up 201% from 2Q 2023). Net income: ₹286.5m (up ₹402.8m from 2Q 2023). Profit margin: 27% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings. Announcement • Sep 23
IL&FS Engineering and Construction Company Limited Announces Resignation of Dilip Lalchand Bhatia as Director IL&FS Engineering and Construction Company Limited announced that Mr. Dilip Lalchand Bhatia has vide letter dated 21 September, 2023, received by the Company on 22nd September, 2023, resigned from the position of directorship of the Company with immediate effect due to other commitments. Announcement • Aug 13
IL&FS Engineering and Construction Company Limited, Annual General Meeting, Sep 26, 2023 IL&FS Engineering and Construction Company Limited, Annual General Meeting, Sep 26, 2023. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹1.18 loss per share (vs ₹0.65 loss in 1Q 2023) First quarter 2024 results: ₹1.18 loss per share (further deteriorated from ₹0.65 loss in 1Q 2023). Revenue: ₹755.3m (up 93% from 1Q 2023). Net loss: ₹155.0m (loss widened 82% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Reported Earnings • May 27
Full year 2023 earnings released: ₹9.46 loss per share (vs ₹29.45 loss in FY 2022) Full year 2023 results: ₹9.46 loss per share (improved from ₹29.45 loss in FY 2022). Revenue: ₹2.16b (down 30% from FY 2022). Net loss: ₹1.24b (loss narrowed 68% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. Announcement • Jan 17
IL&FS Engineering and Construction Company Limited to Report Q3, 2023 Results on Feb 14, 2023 IL&FS Engineering and Construction Company Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Dilip Bhatia is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released Second quarter 2023 results: ₹0.89 loss per share. Revenue: ₹425.2m (down 69% from 2Q 2022). Net loss: ₹116.3m (loss widened 78% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Dilip Bhatia is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 03
IL&FS Engineering and Construction Company Limited Announces Executive Changes IL&FS Engineering and Construction Company Limited at the Board of Directors, approved the resignation of Mr. Chandra Shekhar Rajan(Mr. C S Rajan) from the directorship of the Company with effect from close of 2nd October, 2022. Further, the confirmation has been received from Mr. Rajan that the resignation is due to personal reasons. By virtue of the said resignation, Mr. Rajan will cease to be the Non-executive, Non-Independent Chairperson of the Company. The Company received nomination of Mr. Nand Kishore as new Board Member from Infrastructure & Leasing Financial Services Limited, the Promoter. Accordingly the Board vide its resolution dated 3nd October, 2022 have appointed Mr. Nand Kishore as Additional Director of the Company. Further, the Mr. Kishore was also appointed as Non-executive Non-independent Chairperson of Board to chair all meetings of Board and General Meeting of Members, unless elected otherwise. Consequent upon this development, the Nomination and Remuneration Committee of the Board of Directors has also been reconstituted. The following is the reconstituted Nomination and Remuneration Committee. Announcement • Sep 29
Galaxy Investments II Pte. Ltd. signed a binding Securities Subscription-Cum-Purchase Agreement to acquire 24% stake in Bangalore Elevated Tollway Limited from IL&FS Engineering and Construction Company Limited (BSE:532907) for INR 571 million. Galaxy Investments II Pte. Ltd. signed a binding Securities Subscription-Cum-Purchase Agreement to acquire 24% stake in Bangalore Elevated Tollway Limited from IL&FS Engineering and Construction Company Limited (BSE:532907) for INR 571 million on September 28, 2022. As per the terms the consideration will be received in tranches. Transaction is subject to the approval of NCLT, Mumbai. The proceeds would be primarily utilized for redemption of these securities and balance to the equity shareholders. Reported Earnings • Aug 11
First quarter 2023 earnings released: ₹0.65 loss per share (vs ₹0.99 loss in 1Q 2022) First quarter 2023 results: ₹0.65 loss per share (up from ₹0.99 loss in 1Q 2022). Revenue: ₹431.4m (down 26% from 1Q 2022). Net loss: ₹85.0m (loss narrowed 35% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Jul 20
IL&FS Engineering and Construction Company Limited to Report Q1, 2023 Results on Aug 09, 2022 IL&FS Engineering and Construction Company Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Buying Opportunity • Jun 07
Now 22% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be ₹18.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has grown by 83%. Reported Earnings • May 31
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: ₹29.45 loss per share (down from ₹21.74 loss in FY 2021). Revenue: ₹3.79b (up 14% from FY 2021). Net loss: ₹3.86b (loss widened 36% from FY 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • May 31
IL&FS Engineering and Construction Company Limited, Annual General Meeting, Sep 29, 2022 IL&FS Engineering and Construction Company Limited, Annual General Meeting, Sep 29, 2022. Buying Opportunity • May 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be ₹21.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 50% over the last 3 years. Earnings per share has grown by 102%. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Subrata Kumar Mitra was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: ₹1.23 loss per share (down from ₹1.00 loss in 3Q 2021). Revenue: ₹519.6m (down 32% from 3Q 2021). Net loss: ₹161.6m (loss widened 23% from 3Q 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 11
Now 23% undervalued Over the last 90 days, the stock is up 186%. The fair value is estimated to be ₹22.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last year. Earnings per share has declined by 180% over the last year. Reported Earnings • Nov 21
First quarter 2022 earnings released: ₹0.99 loss per share (vs ₹1.28 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹584.7m (up 75% from 1Q 2021). Net loss: ₹130.0m (loss narrowed 23% from 1Q 2021). Reported Earnings • Sep 05
Full year 2021 earnings released: ₹21.74 loss per share (vs ₹30.89 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: ₹3.33b (down 41% from FY 2020). Net loss: ₹2.85b (loss narrowed 30% from FY 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 08
New 90-day low: ₹3.22 The company is down 11% from its price of ₹3.61 on 08 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 26% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: ₹1.00 loss per share (vs ₹1.04 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ₹808.3m (down 16% from 3Q 2020). Net loss: ₹131.7m (loss narrowed 3.2% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Announcement • Feb 13
Il&Fs Engineering and Construction Company Limited Announces Executive Appointments IL&FS Engineering and Construction Company Limited announced that Shri. Subrata Kumar Mitra was appointed as chairman of Audit Committee and member of Nomination & Remuneration Committee, Dr. Jagadip Narayan Singh was appointed as member of Audit Committee and chairman of Nomination & Remuneration Committee, Shri Chandra Shekhar Rajan was appointed as member of Nomination & Remuneration Committee and Shri. Dilip Lalchand Bhatia as member of Audit Committee respectively. Announcement • Feb 06
IL&FS Engineering and Construction Company Limited to Report Q3, 2021 Results on Feb 12, 2021 IL&FS Engineering and Construction Company Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Announcement • Jan 16
IL&FS Engineering and Construction Company Limited Announces Board Appointments IL&FS Engineering and Construction Company Limited informed that the Board of Directors of the company at their meeting held on 15th Jan-2021 have inter alia approved the appointments of one Nominee Director & Two Independent Directors besides the general business matters. Manish Kumar Agarwal appointed as Director (Nominee Director of Promoter). Manish Kumar Agarwal is Senior Vice President, Key Managerial Personnel at Road Infrastructure Development Company of Rajasthan Limited (RIDCOR). He has got 32 years of managerial and professional rich experience of work in infrastructure sector in India. Jagadip Narayan Singh appointed as Additional Director Independent Category. Management, Manila, Philippines. He held many important portfolios including as Collector & District Magistrate, Junagadh, Member (Administration), Gujarat Electricity Board, Joint Secretary, Government of India, Member (Finance) National Highways Authority of India, Managing Director, Sardar Sarovar Nigam Limited, Addl. Chief Secretary in several departments like Revenue, General dministration and Finance before superannuating as Chief Secretary. He has served largely in Infrastructure & Finance sector namely in the areas of Industrial Infrastructure, Power, Telecom, Highways, Water and State Finances. Dr. Singh has also served on several state owned companies like Gujarat Gas Company Limited, Gujarat State Petronet Limited, GSFC, GACL, GNFC, Gujarat Maritime Board as Chairman and/or Managing Director. Subrata Kumar Atindra Mitra appointed as Additional Director Independent Category. (Calcutta University) 1970 & MBA (USA) 1977. He has vast experience in Banking Industry and was Head Corporate Banking in American Express with focus on setting up of high profile US Investments in India. He was associated with GIC Mutual Fund in 1990 and involved in setting up of GIC Mutual Fund.for short period. He was also associated with Aditya Birla Group from 1994 as CEO and become Director, Financial Services and served for 11 years and handled bigger assignments during his tenure. Presently, he is acting as Board of Director and Committees of several reputed companies in diverse industries as an independent Director and as Advisor to a large international bank. He is also advisor to a few PE firms and Start Up firms and nominee director on Board of companies on behalf of PE firms. He has been associated with several international and domestic NGOs, Committees and Chambers in India. Regular contributor of articles in reputed domestic and international financial publications and have delivered talks in domestic and international forums. Currently India Correspondent for Asia Asset Management, Hong Kong. Announcement • Dec 23
IL&FS Engineering and Construction Company Limited Announces Resignation of Bijay Kumar as Director IL&FS Engineering and Construction Company Limited announced that Mr. Bijay Kumar has tendered his resignation as Director from the Board of Directors of the company. Is New 90 Day High Low • Dec 15
New 90-day high: ₹4.27 The company is up 8.0% from its price of ₹3.96 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: ₹3.34 The company is down 27% from its price of ₹4.59 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: ₹3.61 The company is down 3.0% from its price of ₹3.71 on 17 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 1.0% over the same period. Announcement • Sep 01
IL&FS Engineering and Construction Company Limited to Report Fiscal Year 2020 Results on Sep 03, 2020 IL&FS Engineering and Construction Company Limited announced that they will report fiscal year 2020 results on Sep 03, 2020