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PNC Infratech

NSEI:PNCINFRA
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PNCINFRA
NSEI
₹49B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

PNC Infratech Limited, together with its subsidiaries, operates as an infrastructure construction, development, and management company in India. The last earnings update was 56 days ago. More info.


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PNCINFRA Share Price and Events
7 Day Returns
-1.4%
NSEI:PNCINFRA
-3.4%
IN Construction
-0.5%
IN Market
1 Year Returns
27.4%
NSEI:PNCINFRA
3.3%
IN Construction
-2.4%
IN Market
PNCINFRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PNC Infratech (PNCINFRA) -1.4% -3.5% 21.5% 27.4% 65.9% -
IN Construction -3.4% -4.9% -0.6% 3.3% 22.1% 26.4%
IN Market -0.5% -2% -4.8% -2.4% 21.3% 31.2%
1 Year Return vs Industry and Market
  • PNCINFRA outperformed the Construction industry which returned 3.3% over the past year.
  • PNCINFRA outperformed the Market in India which returned -2.4% over the past year.
Price Volatility
PNCINFRA
Industry
5yr Volatility vs Market

PNCINFRA Value

 Is PNC Infratech undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PNC Infratech to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PNC Infratech.

NSEI:PNCINFRA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:PNCINFRA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 35%) (51.42%))
1.255
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.255 * 8.6%)
18.34%

Discounted Cash Flow Calculation for NSEI:PNCINFRA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PNC Infratech is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:PNCINFRA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.34%)
2020 1,414.00 Analyst x4 1,194.84
2021 2,311.25 Analyst x4 1,650.33
2022 2,195.03 Est @ -5.03% 1,324.42
2023 2,167.48 Est @ -1.25% 1,105.10
2024 2,197.53 Est @ 1.39% 946.77
2025 2,268.64 Est @ 3.24% 825.91
2026 2,371.40 Est @ 4.53% 729.52
2027 2,500.31 Est @ 5.44% 649.96
2028 2,652.08 Est @ 6.07% 582.56
2029 2,824.84 Est @ 6.51% 524.34
Present value of next 10 years cash flows ₹9,533.75
NSEI:PNCINFRA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹2,824.84 × (1 + 7.55%) ÷ (18.34% – 7.55%)
₹28,151.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹28,151.97 ÷ (1 + 18.34%)10
₹5,225.47
NSEI:PNCINFRA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹9,533.75 + ₹5,225.47
₹14,759.22
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹14,759.22 / 256.54
₹57.53
NSEI:PNCINFRA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:PNCINFRA represents 0.98022x of BSE:539150
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98022x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 57.53 x 0.98022
₹56.39
Value per share (INR) From above. ₹56.39
Current discount Discount to share price of ₹188.35
= -1 x (₹188.35 - ₹56.39) / ₹56.39
-234%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of PNC Infratech is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PNC Infratech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PNC Infratech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PNCINFRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹13.70
BSE:539150 Share Price ** BSE (2019-07-19) in INR ₹192.15
India Construction Industry PE Ratio Median Figure of 91 Publicly-Listed Construction Companies 14.03x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PNC Infratech.

NSEI:PNCINFRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539150 Share Price ÷ EPS (both in INR)

= 192.15 ÷ 13.70

14.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Infratech is good value based on earnings compared to the IN Construction industry average.
  • PNC Infratech is good value based on earnings compared to the India market.
Price based on expected Growth
Does PNC Infratech's expected growth come at a high price?
Raw Data
NSEI:PNCINFRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
5%per year
India Construction Industry PEG Ratio Median Figure of 27 Publicly-Listed Construction Companies 0.89x
India Market PEG Ratio Median Figure of 535 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:PNCINFRA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.03x ÷ 5%

2.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Infratech is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PNC Infratech's assets?
Raw Data
NSEI:PNCINFRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹78.93
BSE:539150 Share Price * BSE (2019-07-19) in INR ₹192.15
India Construction Industry PB Ratio Median Figure of 120 Publicly-Listed Construction Companies 0.83x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.94x
NSEI:PNCINFRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539150 Share Price ÷ Book Value per Share (both in INR)

= 192.15 ÷ 78.93

2.43x

* Primary Listing of PNC Infratech.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Infratech is overvalued based on assets compared to the IN Construction industry average.
X
Value checks
We assess PNC Infratech's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. PNC Infratech has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PNCINFRA Future Performance

 How is PNC Infratech expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PNC Infratech expected to grow at an attractive rate?
  • PNC Infratech's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • PNC Infratech's earnings growth is positive but not above the India market average.
  • PNC Infratech's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:PNCINFRA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:PNCINFRA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 5%
NSEI:PNCINFRA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 17.3%
India Construction Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
India Construction Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:PNCINFRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:PNCINFRA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 53,310 3,431 3,821 13
2020-03-31 44,506 2,478 3,218 13
NSEI:PNCINFRA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 37,744 3,514
2018-03-31 24,114 5,398 2,430
2017-03-31 22,523 2,851 1,183
2016-12-31 19,638 2,769
2016-09-30 22,097 2,524
2016-06-30 23,524 2,482

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PNC Infratech's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • PNC Infratech's revenue is expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:PNCINFRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from PNC Infratech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PNCINFRA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 14.89 17.20 13.20 12.00
2020-03-31 12.72 16.20 10.90 10.00
NSEI:PNCINFRA Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 13.70
2018-03-31 9.47
2017-03-31 4.61
2016-12-31 11.13
2016-09-30 10.12
2016-06-30 9.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PNC Infratech is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PNC Infratech's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PNC Infratech has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PNCINFRA Past Performance

  How has PNC Infratech performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PNC Infratech's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PNC Infratech has delivered over 20% year on year earnings growth in the past 5 years.
  • PNC Infratech's 1-year earnings growth exceeds its 5-year average (44.6% vs 33.5%)
  • PNC Infratech's earnings growth has exceeded the IN Construction industry average in the past year (44.6% vs 8.9%).
Earnings and Revenue History
PNC Infratech's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PNC Infratech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PNCINFRA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 37,743.58 3,513.65 2,157.47
2018-03-31 24,113.93 2,430.08 1,593.30
2017-03-31 22,523.32 1,182.78 1,314.75
2016-12-31 19,638.22 2,768.94 1,244.16
2016-09-30 22,096.98 2,523.99 1,149.46
2016-06-30 23,523.78 2,481.75 1,130.04
2016-03-31 28,367.84 2,086.65 1,064.79
2015-12-31 22,416.00 962.24 2,845.66
2015-09-30 20,796.99 887.52 2,815.10
2015-06-30 19,250.43 927.24 2,743.13
2015-03-31 18,608.86 912.84 924.40
2014-03-31 13,599.55 551.79 1,874.30
2013-03-31 13,056.46 746.34 627.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PNC Infratech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PNC Infratech used its assets more efficiently than the IN Construction industry average last year based on Return on Assets.
  • PNC Infratech has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PNC Infratech's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PNC Infratech has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PNCINFRA Health

 How is PNC Infratech's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PNC Infratech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PNC Infratech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PNC Infratech's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PNC Infratech's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PNC Infratech Company Filings, last reported 3 months ago.

NSEI:PNCINFRA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 20,243.85 25,345.69 8,176.25
2018-03-31 16,887.23 20,208.91 2,841.39
2017-03-31 14,610.40 19,064.81 830.17
2016-12-31 14,781.80 16,642.80 2,908.60
2016-09-30 14,781.86 16,642.79 2,908.63
2016-06-30 13,097.95 16,510.94 1,167.74
2016-03-31 13,579.17 16,488.96 776.72
2015-12-31 13,251.95 17,214.71 1,211.34
2015-09-30 13,251.95 17,214.71 1,211.34
2015-06-30 8,711.33 16,924.27 419.74
2015-03-31 8,711.33 16,924.27 419.74
2014-03-31 7,097.79 10,250.85 1,283.50
2013-03-31 5,879.81 5,881.28 735.49
  • PNC Infratech's level of debt (125.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (144.6% vs 125.2% today).
  • Debt is well covered by operating cash flow (21.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess PNC Infratech's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PNC Infratech has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PNCINFRA Dividends

 What is PNC Infratech's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.26%
Current annual income from PNC Infratech dividends. Estimated to be 0.29% next year.
If you bought ₹2,000 of PNC Infratech shares you are expected to receive ₹5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PNC Infratech's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • PNC Infratech's dividend is below the markets top 25% of dividend payers in India (2.23%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:PNCINFRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
India Construction Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:PNCINFRA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.56 5.00
2020-03-31 0.54 5.00
NSEI:PNCINFRA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-24 0.500 0.252
2018-09-05 0.500 0.346
2018-05-23 0.500 0.316
2017-09-06 0.500 0.294
2017-05-24 0.500 0.350
2016-09-08 0.500 0.429
2016-05-30 0.500 0.438
2016-05-27 0.500 0.439
2015-06-25 0.300 0.303

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PNC Infratech is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • PNC Infratech is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of PNC Infratech's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of PNC Infratech's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • No need to calculate the sustainability of PNC Infratech's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess PNC Infratech's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PNC Infratech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PNC Infratech has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PNCINFRA Management

 What is the CEO of PNC Infratech's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pradeep Jain
COMPENSATION ₹18,000,000
AGE 62
CEO Bio

Mr. Pradeep Kumar Jain serves as Chairman and Managing Director of PNC Infratech Ltd. and is its one of the Promoters. Mr. Jain responsibilities include overall administration and supervision of projects and liaison with Government and non-Government agencies. He has over 30 years of experience in the construction and infrastructure sector and allied areas. He has been Non-Independent Director of PNC Infratech Ltd., since November 27, 2006. He holds a Bachelors' degree in Arts degree from the University of Agra.

CEO Compensation
  • Pradeep's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Pradeep's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the PNC Infratech management team in years:

7.8
Average Tenure
55
Average Age
  • The average tenure for the PNC Infratech management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pradeep Jain

TITLE
Chairman & MD
COMPENSATION
₹18M
AGE
62

Chakresh Jain

TITLE
MD, CFO
COMPENSATION
₹16M
AGE
56
TENURE
7.8 yrs

Yogesh Jain

TITLE
MD & Executive Director
COMPENSATION
₹16M
AGE
48
TENURE
7.8 yrs

Tapan Jain

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
TENURE
2.5 yrs

M. Anil Rao

TITLE
Whole Time Director
COMPENSATION
₹7M
AGE
57

Devendra Maheshwari

TITLE
Assistant Vice President of Finance
COMPENSATION
₹924K
AGE
55

Vishveshwar Sharma

TITLE
General Manager of Operations
AGE
53

Satya Singh

TITLE
General Manager of Human Resources
AGE
71
TENURE
10.6 yrs

Talluri Rao

TITLE
Executive Vice President of Infrastructure
COMPENSATION
₹3M
AGE
55
TENURE
5.2 yrs

Rakesh Khanduri

TITLE
Head of Structures Department
AGE
53
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure and age of the PNC Infratech board of directors in years:

10.8
Average Tenure
59.5
Average Age
  • The average tenure for the PNC Infratech board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Pradeep Jain

TITLE
Chairman & MD
COMPENSATION
₹18M
AGE
62

Chakresh Jain

TITLE
MD, CFO
COMPENSATION
₹16M
AGE
56
TENURE
12.7 yrs

Yogesh Jain

TITLE
MD & Executive Director
COMPENSATION
₹16M
AGE
48
TENURE
12.7 yrs

M. Anil Rao

TITLE
Whole Time Director
COMPENSATION
₹7M
AGE
57
TENURE
18.7 yrs

Ashok Gupta

TITLE
Independent Director
AGE
68
TENURE
9.8 yrs

Chhotu Sharma

TITLE
Independent Director
AGE
77
TENURE
11.8 yrs

Deepika Mittal

TITLE
Independent Director
AGE
40
TENURE
4.8 yrs

Gauri Shankar

TITLE
Independent Director
AGE
63
TENURE
1.2 yrs

Krishan Jalan

TITLE
Additional Non-Executive Independent Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess PNC Infratech's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PNC Infratech has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PNCINFRA News

Simply Wall St News

Should PNC Infratech Limited’s (NSE:PNCINFRA) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Can PNC Infratech Limited's (NSE:PNCINFRA) ROE Continue To Surpass The Industry Average?

PNC Infratech has a ROE of 14%, based on the last twelve months. … Another way to think of that is that for every ₹1 worth of equity in the company, it was able to earn ₹0.14. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How PNC Infratech Limited's (NSE:PNCINFRA) Earnings Growth Stacks Up Against The Industry

When PNC Infratech Limited (NSE:PNCINFRA) released its most recent earnings update (31 March 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were PNC Infratech's average earnings over the past couple of years, and its industry performance. … How Did PNCINFRA's Recent Performance Stack Up Against Its Past.

Simply Wall St -

What Should Investors Know About PNC Infratech Limited's (NSE:PNCINFRA) Capital Returns?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently PNC Infratech is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

What Is Driving PNC Infratech Limited's (NSE:PNCINFRA) Margins In The Years Ahead?

PNC Infratech Limited's (NSE:PNCINFRA) … growth of 5.47% annualised … but it's necessary to take a moment

Simply Wall St -

Is PNC Infratech Limited's (NSE:PNCINFRA) PE Ratio A Signal To Sell For Investors?

which is -121.12233141844308 lower than 19.29x average multiple of the Construction? … But should the relatively competitive multiple be the final verdict of PNCINFRA’s undervaluation. … Below, I will lay out some important considerations to help determine which multiple best suits

Simply Wall St -

Is It The Right Time To Buy PNC Infratech Limited (NSE:PNCINFRA)?

PNC Infratech Limited (NSE:PNCINFRA), a construction company based in India,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on PNC Infratech’s outlook and valuation to see if the opportunity still exists?

Simply Wall St -

PNCINFRA Company Info

Description

PNC Infratech Limited, together with its subsidiaries, operates as an infrastructure construction, development, and management company in India. The company undertakes various infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways and pavements, track construction for rail freight corridors, industrial area development, and other infrastructure projects. It also provides end-to-end infrastructure implementation solutions, such as engineering, procurement, and construction services on a fixed-sum turnkey basis, as well as on an item rate basis; and executes and implements projects on a design-build-finance-operate-transfer, operate-maintain-transfer, hybrid annuity model, and other PPP formats. The company was formerly known as PNC Construction Company Limited and changed its name to PNC Infratech Limited in August 2007. PNC Infratech Limited was founded in 1989 and is headquartered in Agra, India.

Details
Name: PNC Infratech Limited
PNCINFRA
Exchange: NSEI
Founded: 1989
₹49,294,000,554
256,539,165
Website: http://www.pncinfratech.com
Address: PNC Infratech Limited
PNC House,
3/22-D, Civil Lines,
Agra,
Uttar Pradesh, 282005,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539150 Equity Shares Mumbai Stock Exchange IN INR 26. May 2015
NSEI PNCINFRA Equity Shares National Stock Exchange of India IN INR 26. May 2015
BSE 539150 INR2 Mumbai Stock Exchange IN INR 19. Jul 2019
Number of employees
Current staff
Staff numbers
0
PNC Infratech employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 13:08
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.