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MomentumDeep Value

AGI Infra Ltd: Why Is It Outperforming Nifty 500?

Active
RS +50.8%Average11w Streak

In Week of May 10, 2026, AGI Infra Ltd (Realty - Construction & Contracting) is outperforming Nifty 500 with +50.8% relative strength. Fundamentals: Average. On a 11-week streak.

AGI Infra Ltd Key Facts

PE Ratio
58.9x
Market Cap
₹4,944 Cr
PAT Growth YoY
+37%
Revenue Growth YoY
-3%
OPM
43.0%
RS vs Nifty 500
+50.8%
PE: At PeakRiding Wave

What's Happening

📊PE near cycle highs — limited room for further expansion
🌐FII stake increased 1.8% this quarter
💰Trading 23% above estimated fair value — significant premium

Earnings Acceleration Triggers

1. Order Book Or Contract Wins
2026-2030HIGH
2. Geographical Expansion
2031-2032HIGH
3. Value Added Product Mix Shift
CurrentMEDIUM

Key Risks

1. Upcoming projects are currently under the approval stage
MEDIUM

Sector-Specific Signals

Total Area Sold (Ongoing)65,89,748 sq. ft.
Ongoing Saleable Area1,27,80,504 sq. ft.
Unsold Area (Ongoing)61,90,756 sq. ft.
Net Debt to Equity Ratio0.39 x-0.22 x

Key Numbers

PAT Growth YoY
+37%
Stable
Revenue YoY
-3%
Inflection Down
Operating Margin
43.0%
+1200 bps YoY
PE Ratio
58.9
Current Price
₹396
Dividend Yield
0.03%
Fundamental Score
45/100
Average
3Y PAT CAGR
+23%
Market Cap
4.6K Cr
Valuation
Overvalued

12-Week Performance

Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.

12 weeks agoThis week

Why Are AGI Infra Ltd's Earnings Accelerating?

Based on Q3 FY26 earnings • Updated Apr 18, 2026

Order Book Or Contract Wins

Expected: 2026-2030HIGH confidence

What: Ongoing Project Area: 1,27,80,504 sq. ft.

“We are developing 10 ongoing projects as of December 2025 with a total Saleable Area of 1,27,80,504 sq. ft.”

Geographical Expansion

Expected: 2031-2032HIGH confidence

What: Upcoming Project Area: 1,07,00,000 sq. ft.

“Upcoming Projects as on 31.12.2025 total Saleable Area 1,07,00,000 sq. ft.”

Value Added Product Mix Shift

Expected: CurrentMEDIUM confidence

What: Premium Housing Mix: 77.74% of Completed Projects

Impact: 46% EBITDA Margin

“Premium & Luxury Housing 74,00,236 Sq. ft. (77.74%) of Completed Projects.”

EBITDA Margin beat of 1,200 bps YoY

HIGH confidence

What: EBITDA Margin beat of 1,200 bps YoY

“EBITDA Margin of 46% compared to 34% in December 2024.”

Saleable Area Target guidance raised

HIGH confidence

What: Not Given → 13 mn. sq. ft.

“By FY31, Saleable Area 13 mn. sq. ft.”

What Are the Key Risks for AGI Infra Ltd?

Earnings deceleration risks from management commentary

Upcoming projects are currently under the approval stage

MEDIUM

Trigger: Delays in government approvals can push back launch timelines.

Management view: The company has a dedicated team for compliance and approvals.

Monitor: regulatory

What Is AGI Infra Ltd's Management Saying?

Key quotes from recent conference calls

“Revenue from operations for Q2 FY26 was 8530.33 Lakh and we expect to maintain momentum. [Previous Quarterly Revenue guidance]”
“AGI Gateway Ludhiana 40,00,000 sq. ft. estimated completion June 2032. [Initiative: Expansion into New Chandigarh and Ludhiana]”
“Upcoming Projects as on 31.12.2025... As a % of Ownership 100% (under approval). [Risk (regulatory): MEDIUM]”
“We are developing 10 ongoing projects as of December 2025 with a total Saleable Area of 1,27,80,504 sq. ft. [Catalyst (order_book_or_contract_wins): ACTIVE]”

What Did AGI Infra Ltd Report This Quarter?

Headline numbers from the latest earnings call

Revenue

₹8,750 Lakh

YoY -4.3%QoQ +2.6%

Why: Revenue growth was driven by continued execution across the project portfolio, though slightly lower than the previous year's high base.

Revenue showed sequential improvement despite a year-on-year decline.

EBITDA

₹3,987.96 Lakh

YoY +27.8%Margin 46%

Why: Margin expansion was driven by a higher contribution from premium projects and efficient cost management in construction activities.

EBITDA margins saw a significant expansion of 1,200 bps year-on-year.

PAT

₹2,610.56 Lakh

YoY +36.9%QoQ +18.4%

Why: Profitability increased due to strong operating performance and improved margins in the residential segment.

PAT growth significantly outpaced revenue growth due to operational efficiencies.

Other Highlights

• Net Debt to equity ratio improved to 0.39 times as of December 31, 2025.

• Total Saleable Area of ongoing projects reached 1,27,80,504 sq. ft.

• Company achieved a PAT Margin of 26% for the nine-month period.

What Sector Metrics Matter for AGI Infra Ltd?

Sub-sector-specific signals from the latest concall — each with management's stated reason for the change

Total Area Sold (Ongoing)

65,89,748 sq. ft.

Why: Reflects sales traction across 10 ongoing projects.

Ongoing Saleable Area

1,27,80,504 sq. ft.

Why: Expansion of project scope and new project additions.

Unsold Area (Ongoing)

61,90,756 sq. ft.

Why: Represents future sales potential from current projects.

Net Debt to Equity Ratio

0.39 x

YoY -0.22 xQoQ -0.08 x

Why: Improved equity base and controlled debt levels.

Ongoing Projects Completion %

51%

Why: Weighted average completion across the 10-project portfolio.

Upcoming Saleable Area

1,07,00,000 sq. ft.

Why: Pipeline of 5 new projects in the approval stage.

Total Land Reserves

164 acres

Why: Strategic land bank held for future development.

Premium Housing Mix (Completed)

77.74%

Why: Dominance of high-value projects in the historical portfolio.

What Is AGI Infra Ltd's Management Guidance?

Forward-looking targets from management for FY31

OPM Guidance

20%

Revenue Outlook

13 mn. sq. ft. saleable area

Margin Outlook

Expecting to maintain healthy profitability levels.

Management Tone: BULLISH

Guidance Changes

RAISED

Saleable Area Target: Not Given → 13 mn. sq. ft.

How Fast Is AGI Infra Ltd Growing?

Revenue, profit and margin growth rates

MetricYoY3Y CAGRTrend
Revenue-3%+18%Inflection Down
PAT (Net Profit)+37%+23%Stable
OPM43.0%+1200 bpsVolatile

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.

Other Top Realty - Construction & Contracting Stocks Beating Nifty 500

Hemisphere Properties India Ltd
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Ashiana Housing Ltd
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Kesar India Ltd
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Arvind SmartSpaces Ltd
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Shriram Properties Ltd
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← Back to Realty - Construction & ContractingDashboard

Frequently Asked Questions: AGI Infra Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were AGI Infra Ltd's latest quarterly results?

AGI Infra Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: +36.8% (stable)
  • Revenue Growth YoY: -3.3%
  • Operating Margin: 43.0% (volatile)

Is AGI Infra Ltd's profit growing or declining?

AGI Infra Ltd's profit is growing with an stable trend.

  • PAT Growth YoY: +36.8% (latest quarter)
  • PAT Growth QoQ: +18.2% (sequential)
  • 3-Year PAT CAGR: +23.0%
  • Trend: Stable — consistent growth pattern

What is AGI Infra Ltd's revenue growth trend?

AGI Infra Ltd's revenue growth trend is inflecting downward.

  • Revenue Growth YoY: -3.3%
  • Revenue Growth QoQ: +3.5% (sequential)
  • 3-Year Revenue CAGR: +18.2%

How is AGI Infra Ltd's operating margin trending?

AGI Infra Ltd's operating margin is volatile.

  • Current OPM: 43.0%
  • OPM Change YoY: +12.0% basis points
  • OPM Change QoQ: +4.0% basis points

What is AGI Infra Ltd's 3-year profit and revenue CAGR?

AGI Infra Ltd's long-term compounding rates

  • 3-Year Profit CAGR: +23.0%
  • 3-Year Revenue CAGR: +18.2%

Is AGI Infra Ltd's growth accelerating or decelerating?

AGI Infra Ltd's earnings growth is stable with positive momentum on a sequential basis.

  • YoY Acceleration: +7.4% bps
  • Sequential Acceleration: +8.2% bps

What is AGI Infra Ltd's trailing twelve month (TTM) performance?

AGI Infra Ltd's trailing twelve month (TTM) performance

  • TTM PAT: ₹84 Cr
  • TTM PAT Growth: +42.4% YoY
  • TTM Revenue: ₹348 Cr
  • TTM Revenue Growth: +8.1% YoY
  • TTM Operating Margin: 33.7%

Is AGI Infra Ltd overvalued or undervalued?

AGI Infra Ltd appears overvalued based on our fair value analysis.

  • Valuation Signal: Overvalued
  • Current PE: 58.9x
  • Price-to-Book: 14.3x

What is AGI Infra Ltd's current PE ratio?

AGI Infra Ltd's current PE ratio is 58.9x.

  • Current PE: 58.9x
  • Market Cap: 4.9K Cr
  • Dividend Yield: 0.03%

How does AGI Infra Ltd's valuation compare to its history?

AGI Infra Ltd's current PE is 58.9x.

  • Current PE: 58.9x
  • Valuation Assessment: Overvalued

What is AGI Infra Ltd's price-to-book ratio?

AGI Infra Ltd's price-to-book ratio is 14.3x.

  • Price-to-Book (P/B): 14.3x
  • Book Value per Share: ₹28
  • Current Price: ₹396

Is AGI Infra Ltd a fundamentally strong company?

AGI Infra Ltd is rated Average with a fundamental score of 45.11/100. This score is calculated from objective financial metrics

  • Revenue Growth YoY: -3.3% (10% weight)
  • PAT Growth YoY: +36.8% (10% weight)
  • PAT Growth QoQ: +18.2% (10% weight)
  • Margins stable (10% weight)

Is AGI Infra Ltd debt free?

AGI Infra Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹143 Cr

What is AGI Infra Ltd's return on equity (ROE) and ROCE?

AGI Infra Ltd's return ratios over recent years

  • FY2023: ROCE 30.0%
  • FY2024: ROCE 25.0%
  • FY2025: ROCE 22.0%

Is AGI Infra Ltd's cash flow positive?

AGI Infra Ltd's operating cash flow is negative (FY2025).

  • Cash from Operations (CFO): ₹-20 Cr
  • Free Cash Flow (FCF): ₹-59 Cr
  • CFO/PAT Ratio: -30% (weak cash conversion)

What is AGI Infra Ltd's dividend yield?

AGI Infra Ltd's current dividend yield is 0.03%.

  • Dividend Yield: 0.03%
  • Current Price: ₹396

Who holds AGI Infra Ltd shares — promoters, FII, DII?

AGI Infra Ltd's shareholding pattern (Mar 2026)

  • Promoters: 71.3%
  • FII (Foreign): 4.0%
  • DII (Domestic): 0.0%
  • Public: 24.7%

Is promoter holding increasing or decreasing in AGI Infra Ltd?

AGI Infra Ltd's promoter holding has decreased recently.

  • Current Promoter Holding: 71.3% (Mar 2026)
  • Previous Quarter: 73.0% (Dec 2025)
  • Change: -1.66% (decreasing — worth monitoring)

How long has AGI Infra Ltd been outperforming Nifty 500?

AGI Infra Ltd has been outperforming Nifty 500 for 11 consecutive weeks, indicating consistent outperformance.

Is AGI Infra Ltd a new momentum entry or an established outperformer?

AGI Infra Ltd is an established outperformer with 11 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for AGI Infra Ltd?

AGI Infra Ltd has 5 key growth catalysts identified from recent earnings analysis

  • Order Book Or Contract Wins — A massive pipeline of 10 ongoing projects ensures revenue visibility.
  • Geographical Expansion — Expansion into New Chandigarh and Ludhiana with large-scale projects.
  • Value Added Product Mix Shift — Shift toward premium and luxury housing is driving margin expansion.
  • EBITDA Margin beat of 1,200 bps YoY — Higher realization from premium project deliveries and better cost control.

What are the key risks in AGI Infra Ltd?

AGI Infra Ltd has 1 key risk worth monitoring

  • [MEDIUM] Upcoming projects are currently under the approval stage — Delays in government approvals can push back launch timelines.

What did AGI Infra Ltd's management say in the latest earnings call?

In Q3 FY26, AGI Infra Ltd's management highlighted

  • "Revenue from operations for Q2 FY26 was 8530.33 Lakh and we expect to maintain momentum. [Previous Quarterly Revenue guidance]"
  • "AGI Gateway Ludhiana 40,00,000 sq. ft. estimated completion June 2032. [Initiative: Expansion into New Chandigarh and Ludhiana]"
  • "Upcoming Projects as on 31.12.2025... As a % of Ownership 100% (under approval). [Risk (regulatory): MEDIUM]"

What is AGI Infra Ltd's management guidance for growth?

AGI Infra Ltd's management has provided the following forward guidance for FY31

  • Revenue outlook: 13 mn. sq. ft. saleable area
  • OPM guidance: 20%
  • Management tone: bullish
  • Milestone: [RAISED] Saleable Area Target: Not Given → 13 mn. sq. ft.

What sector-specific metrics matter most for AGI Infra Ltd?

AGI Infra Ltd's most important sub-sector-specific KPIs from the latest concall

  • Total Area Sold (Ongoing): 65,89,748 sq. ft. — Reflects sales traction across 10 ongoing projects.
  • Ongoing Saleable Area: 1,27,80,504 sq. ft. — Expansion of project scope and new project additions.
  • Unsold Area (Ongoing): 61,90,756 sq. ft. — Represents future sales potential from current projects.
  • Net Debt to Equity Ratio: 0.39 x (YoY -0.22 x) (QoQ -0.08 x) — Improved equity base and controlled debt levels.
  • Ongoing Projects Completion %: 51% — Weighted average completion across the 10-project portfolio.
  • Upcoming Saleable Area: 1,07,00,000 sq. ft. — Pipeline of 5 new projects in the approval stage.

Is AGI Infra Ltd worth studying for long term investment?

Based on quantitative research signals, here is why AGI Infra Ltd may be worth studying

  • Earnings growing at +36.8% YoY

What is the investment thesis for AGI Infra Ltd?

AGI Infra Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Order Book Or Contract Wins

Risk Factors (Bear Case)

  • Appears overvalued
  • Key risk: Upcoming projects are currently under the approval stage

What is the future outlook for AGI Infra Ltd?

AGI Infra Ltd's forward outlook based on current data signals

  • Earnings Trend: stable
  • Revenue Trend: inflecting downward
  • Margin Trend: volatile
  • Valuation: Overvalued
  • Key Catalyst: Order Book Or Contract Wins
  • Key Risk: Upcoming projects are currently under the approval stage

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.