PNC Infratech Limited, established in 1999, stands as a prominent infrastructure development, construction, and management company in India, recognized for its extensive contributions to the nation’s infrastructure landscape. With a diversified portfolio, the company specializes in highways, roads, and expressways, delivering superior construction and maintenance services. Its expertise extends to developing bridges, flyovers, airport runways, and power transmission systems, alongside water supply and distribution projects. PNC Infratech also excels in industrial area development, showcasing its versatility and commitment to nation-building. Known for its excellence, the company has earned accolades, including early completion bonuses from the National Highways Authority of India (NHAI) and the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for landmark projects such as the Agra-Gwalior section of NH3 and the Agra-Lucknow Expressway. Guided by a vision to rank among India’s top three infrastructure providers by 2025, PNC Infratech prioritizes delivering sustainable, state-of-the-art solutions, reaffirming its mission to achieve infrastructure excellence with cutting-edge technology and innovation.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% |
| FIIs + | 10.98% | 11.85% | 10.83% | 10.05% | 6.95% |
| DIIs + | 27.24% | 26.96% | 26.36% | 25.50% | 26.60% |
| Public + | 5.72% | 5.12% | 6.75% | 8.39% | 10.36% |
| No. of Shareholders | 92,706 | 98,897 | 1,39,183 | 1,64,074 | 1,98,645 |
The shareholding pattern of PNC Infratech Limited showcases a stable promoter holding of 56.07% throughout the period from December 2023 to December 2024, reflecting strong confidence and commitment from its core stakeholders. Foreign Institutional Investors (FIIs) displayed fluctuating interests, starting at 10.98% in December 2023, peaking at 11.85% in March 2024, and gradually declining to 6.95% by December 2024. Domestic Institutional Investors (DIIs) maintained a significant presence, albeit with slight variations, holding 27.24% in December 2023, dipping to 25.50% in September 2024, and recovering to 26.60% by the end of the year. Public shareholding showed consistent growth, rising from 5.72% in December 2023 to 10.36% in December 2024, indicative of increasing retail investor interest. Correspondingly, the number of shareholders witnessed a substantial increase, growing from 92,706 in December 2023 to 1,98,645 by December 2024
Below are the trading platforms that you can use to purchase PNC Infratech shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2025 | 318.77 | 245.21 |
| April 2025 | 315.61 | 242.78 |
| May 2025 | 306.42 | 235.71 |
| June 2025 | 320.21 | 246.31 |
| July 2025 | 313.93 | 241.49 |
| August 2025 | 323.64 | 248.95 |
| September 2025 | 327.52 | 251.94 |
| October 2025 | 336.04 | 258.49 |
| November 2025 | 344.44 | 264.95 |
| December 2025 | 359.94 | 276.88 |
In 2025, the share prices of PNC Infratech are expected to exhibit a progressive upward trend. As we step into March 2025, the share price is anticipated to reach a maximum of ₹318.77 and a minimum of ₹245.21. Moving forward, the shares are likely to experience consistent growth, with projected maximum prices reaching ₹336.04 in October 2025 and ₹344.44 in November 2025. As we approach December 2025, PNC Infratech’s shares are expected to touch a maximum of ₹359.94 and a minimum of ₹276.88.
| When | Maximum Price | Minimum Price |
| January 2026 | 370.74 | 285.18 |
| February 2026 | 361.47 | 278.05 |
| March 2026 | 368.70 | 283.61 |
| April 2026 | 376.22 | 289.40 |
| May 2026 | 372.50 | 286.54 |
| June 2026 | 381.81 | 293.70 |
| July 2026 | 374.32 | 287.94 |
| August 2026 | 385.90 | 296.85 |
| September 2026 | 393.62 | 302.78 |
| October 2026 | 403.85 | 310.66 |
| November 2026 | 413.95 | 318.42 |
| December 2026 | 424.30 | 326.38 |
As we step into January, the share prices of PNC Infratech are anticipated to reach a maximum of ₹370.74 and a minimum of ₹285.18. As we step into the following months, the shares are expected to show a steady upward trend, with October 2026 seeing a maximum of ₹403.85 and a minimum of ₹310.66. Finally, as we step into December 2026, PNC Infratech’s shares are projected to peak at ₹424.30 and touch a minimum of ₹326.38
| When | Maximum Price | Minimum Price |
| January 2027 | 428.54 | 329.65 |
| February 2027 | 439.53 | 338.10 |
| March 2027 | 456.67 | 351.29 |
| April 2027 | 447.72 | 344.40 |
| May 2027 | 434.68 | 334.37 |
| June 2027 | 454.24 | 349.41 |
| July 2027 | 445.33 | 342.56 |
| August 2027 | 459.10 | 353.16 |
| September 2027 | 475.17 | 365.52 |
| October 2027 | 487.53 | 375.02 |
| November 2027 | 499.72 | 384.40 |
| December 2027 | 512.21 | 394.01 |
| When | Maximum Price | Minimum Price |
| January 2028 | 522.45 | 401.89 |
| February 2028 | 535.85 | 412.19 |
| March 2028 | 556.75 | 428.27 |
| April 2028 | 545.83 | 419.87 |
| May 2028 | 529.93 | 407.64 |
| June 2028 | 553.78 | 425.98 |
| July 2028 | 542.92 | 417.63 |
| August 2028 | 559.71 | 430.55 |
| September 2028 | 579.30 | 445.62 |
| October 2028 | 594.36 | 457.20 |
| November 2028 | 609.22 | 468.63 |
| December 2028 | 624.45 | 480.35 |
| When | Maximum Price | Minimum Price |
| January 2029 | 636.94 | 489.96 |
| February 2029 | 653.27 | 502.52 |
| March 2029 | 678.75 | 522.12 |
| April 2029 | 665.44 | 511.88 |
| May 2029 | 646.06 | 496.97 |
| June 2029 | 675.13 | 519.33 |
| July 2029 | 661.90 | 509.15 |
| August 2029 | 682.37 | 524.90 |
| September 2029 | 706.25 | 543.27 |
| October 2029 | 724.61 | 557.39 |
| November 2029 | 742.73 | 571.33 |
| December 2029 | 761.30 | 585.61 |
| When | Maximum Price | Minimum Price |
| January 2030 | 776.52 | 597.32 |
| February 2030 | 796.43 | 612.64 |
| March 2030 | 827.49 | 636.53 |
| April 2030 | 811.27 | 624.05 |
| May 2030 | 787.64 | 605.88 |
| June 2030 | 823.08 | 633.14 |
| July 2030 | 806.94 | 620.73 |
| August 2030 | 831.90 | 639.92 |
| September 2030 | 861.02 | 662.32 |
| October 2030 | 883.40 | 679.54 |
| November 2030 | 905.49 | 696.53 |
| December 2030 | 928.13 | 713.94 |
As we move into January, the share prices of PNC Infratech are expected to reach a maximum of ₹776.52 and a minimum of ₹597.32. As we move through the months, the shares are projected to steadily rise, with October 2030 anticipated to achieve a maximum of ₹883.40 and a minimum of ₹679.54. Finally, as we move into December 2030, PNC Infratech’s shares are expected to peak at ₹928.13 and touch a minimum of ₹713.94, showcasing strong growth potential throughout the year.
Financial Condition of PNC Infratech
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 5,603 | 5,788 | 7,208 | 7,956 | 8,650 | 7,665 |
| Expenses + | 4,275 | 4,366 | 5,674 | 6,356 | 6,645 | 5,225 |
| Operating Profit | 1,328 | 1,422 | 1,534 | 1,600 | 2,005 | 2,440 |
| OPM % | 24% | 25% | 21% | 20% | 23% | 32% |
| Other Income + | 182 | 107 | 87 | 81 | 82 | 133 |
| Interest | 439 | 426 | 425 | 470 | 660 | 801 |
| Depreciation | 351 | 363 | 390 | 253 | 177 | 198 |
| Profit before tax | 719 | 740 | 806 | 957 | 1,249 | 1,573 |
| Tax % | 24% | 33% | 28% | 31% | 27% | |
| Net Profit + | 550 | 497 | 580 | 658 | 909 | 1,136 |
| EPS in Rs | 21.43 | 19.39 | 22.62 | 25.67 | 35.45 | 44.27 |
| Dividend Payout % | 2% | 3% | 2% | 2% | 2% |
The financial performance of PNC Infratech over the years reflects consistent growth and operational efficiency. From March 2020 to March 2024, the company’s sales have steadily increased from ₹5,603 crore to ₹8,650 crore, demonstrating a strong upward trajectory in revenue generation. This growth is complemented by a controlled rise in expenses, from ₹4,275 crore in March 2020 to ₹6,645 crore in March 2024. The operating profit has grown significantly, from ₹1,328 crore in March 2020 to ₹2,005 crore in March 2024, with an impressive OPM% of 23% in March 2024 and a remarkable 32% for the trailing twelve months (TTM).
Despite rising interest costs, which increased from ₹439 crore in March 2020 to ₹660 crore in March 2024, PNC Infratech has managed to improve its profit before tax (PBT) from ₹719 crore in March 2020 to ₹1,249 crore in March 2024. The net profit has also shown substantial growth, rising from ₹550 crore in March 2020 to ₹909 crore in March 2024, supported by a stable tax rate averaging around 27%-33% over the years. Earnings per share (EPS) have surged from ₹21.43 in March 2020 to ₹35.45 in March 2024, indicating strong returns for shareholders. The company has maintained a modest dividend payout ratio of 2%, emphasizing reinvestment in its growth initiatives. PNC Infratech’s financials reflect its strong business model and a focus on delivering sustained value to stakeholders.
FAQs
What is PNC Infratech current market capitalization?
PNC Infratech current market capitalization stands at ₹6,988 crore.
The current share price of PNC Infratech is ₹272.
PNC Infratech projected share price targets for 2025 range from a maximum of ₹359.94 to a minimum of ₹235.71.
PNC Infratech share price target for 2030 ranges from a maximum of ₹928.13 to a minimum of ₹597.32 by 2030.
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Conclusion
PNC Infratech Limited has established itself as a significant player in India’s infrastructure development landscape, demonstrating versatility and excellence in executing a wide array of projects. The company’s stable promoter holding and increasing public interest reflect strong investor confidence. Financially, PNC Infratech has shown consistent growth, with rising revenues, improving operating profits, and controlled expenses. Projected share price targets for 2025 to 2030 indicate steady growth, emphasizing its robust market potential. As the company continues to innovate and deliver on its vision, it remains well-positioned to achieve its ambitious goals and contribute to India’s infrastructure growth.
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