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Agi Infra Limited (AGIIL)

₹250.15 +1.40% last close, 16 Oct

📊 NSE: AGIIL 🏢 Construction 📢 Latest filing: 05 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Agi Infra's revenue was ₹96.4 Cr (+5.3% year on year, +9.6% on the previous quarter), and net profit ₹27.5 Cr (+37.6% year on year); the operating margin was 41.6%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹96.4	+5.3%	+9.6%
Operating profit	₹40.1	+32.1%	+90.9%
Net profit	₹27.5	+37.6%	+2.0%
EPS (₹)	2.20	+34.3%	+2.8%
Operating margin	41.6%	—	—

EPS restated for the ₹5 to ₹1 split of Oct 2025: Q1 FY26 ₹8.19 to ₹1.64.

Full quarterly financials → Results calendar →

AGIIL delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 25.11% of the AGIIL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 36.76%. That is close to its usual level. Volume was 0.3 times its average, well below normal. 13 bulk or block deals were reported in AGIIL in the last 60 days: ₹190 Cr bought and ₹249 Cr sold.

25.11%Delivery, 16 Oct

36.76%Own 20-session average

0.3×Volume vs its average

₹250.15NSE close · +1.40%

Delivery in the last 5 sessions: 60.7% · 33.3% · 38.0% · 42.4% · 25.1%

Date	Side	Counterparty	Value	Price	Quantity	Type
28 Sep	Buy	Arihant Capital Markets Limited	₹29.45 Cr	₹270.83	1,087,488	Bulk
28 Sep	Sell	Arihant Capital Markets Limited	₹29.39 Cr	₹271.03	1,084,475	Bulk
25 Sep	Sell	Arihant Capital Markets Limited	₹35.02 Cr	₹269.14	1,301,036	Bulk
25 Sep	Buy	Arihant Capital Markets Limited	₹28.60 Cr	₹269.49	1,061,216	Bulk
24 Sep	Buy	Arihant Capital Markets Limited	₹20.08 Cr	₹269.26	745,861	Bulk

Delivery across the market →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

AGI Infra Seeks Shareholder Approval for ₹275 Cr Fundraise via QIP

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 05 Oct 2026, 11:53 AM

AGI Infra Limited has issued a Postal Ballot notice seeking shareholder approval to raise up to ₹275 crore via Qualified Institutions Placement (QIP) of equity shares. Relative to its current market cap of ₹1,717 crore and net worth of ₹464 crore, the proposed fundraise represents roughly 16.0% of market capitalization and 59.3% of net worth. The remote e-voting window runs from October 06, 2026, to November 04, 2026, with voting results to be declared on or before November 06, 2026. The funds are expected to bolster growth in its residential and commercial real estate pipeline.

Proposed fundraise of up to ₹275 crore through one or more tranches of Qualified Institutions Placements (QIP)
Remote e-voting begins on October 06, 2026 (9:00 a.m. IST) and ends on November 04, 2026 (5:00 p.m. IST)
Cut-off date for eligibility to vote was September 25, 2026
Results of the postal ballot will be announced on or before November 06, 2026

💡 Track the outcome of the postal ballot on November 06, 2026, followed by the floor price and issue dilution details when the QIP opens.

Agi Infra Shareholders Approve All 5 AGM Resolutions Including Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Oct 2026, 05:17 PM

Agi Infra Limited has declared the voting results and scrutinizer's report for its 21st Annual General Meeting held on September 30, 2026. All five ordinary resolutions were approved by shareholders, including the adoption of FY26 financial statements and declaration of a final dividend. Re-appointments of directors Sukhdev Singh Khinda and Anuj Rai Bansal were passed with 98.05% and 99.97% favourable votes, respectively. A total of 7.55 crore votes were polled across eligible resolutions, representing 60.36% of outstanding shares.

All 5 ordinary resolutions passed at the 21st AGM held on September 30, 2026
Adoption of FY26 financial statements and declaration of final dividend passed with 100% votes in favour (7,54,51,857 votes polled)
Total voting turnout represented 60.3627% of outstanding shares (75,451,857 out of 124,997,388 shares)
Remuneration of Cost Auditors for FY27 ratified with 100% approval

💡 Track the upcoming corporate action dates for the disbursement of the approved final dividend and monitor Q2 FY27 operational updates.

AGI Infra: TDS Communication on Recommended Re 0.20 Per Share Final Dividend for FY26

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 25 Sep 2026, 04:47 PM

AGI Infra Limited has issued a tax deduction at source (TDS) advisory to shareholders regarding its recommended final dividend of Re 0.20 per equity share (20% on face value of Re 1) for FY25-26. The record date for determining shareholder entitlement was set as September 23, 2026. The standard TDS rate is 10% for resident shareholders where dividend receipts exceed Rs 10,000, or 20% in the absence of a valid linked PAN. Eligible shareholders must submit tax exemption forms and documentation by September 30, 2026.

Recommended final dividend of Re 0.20 per equity share (20% on face value of Re 1)
Record date fixed as Wednesday, September 23, 2026
TDS threshold for resident individuals set at Rs 10,000 for FY 2026-27
Deadline for submitting tax exemption documentation is Wednesday, September 30, 2026

💡 Shareholders seeking lower or nil withholding tax must ensure valid PAN-Aadhaar linking and submit necessary declarations (Form 121/treaty docs) to the RTA by September 30, 2026.

AGI Infra Board Approves Rs 275 Cr Fundraise via QIP

🟡 NEUTRAL ⭐ 8/10

FUNDRAISE 📅 25 Sep 2026, 04:27 PM

AGI Infra Limited's board has approved raising funds up to Rs 275 crore through a Qualified Institutions Placement (QIP) of equity shares or convertible securities. The proposed fundraising represents approximately 15.7% of the company's current market capitalization of Rs 1,753 crore and 59.3% of its net worth of Rs 464 crore. The issue is subject to shareholder approval via postal ballot as well as regulatory clearances. Aryaman Financial Services Limited has been appointed as the Book Running Lead Manager.

Board approved raising up to Rs 275 Crore via QIP
Fundraise represents ~15.7% of current market cap of Rs 1,753 Cr
M/s Aryaman Financial Services Limited appointed as Book Running Lead Manager
Approval to be sought from shareholders via Postal Ballot and remote e-voting

💡 Track the outcome of the postal ballot voting and watch for the final pricing, dilution level, and institutional allocation once the QIP opens.

AGI Infra Board Approves Rs 275 Cr Fundraise via QIP

🟡 NEUTRAL ⭐ 8/10

FUNDRAISE 📅 25 Sep 2026, 04:17 PM

Board approved raising up to Rs 275 Crore via QIP
Fundraise represents ~15.7% of current market cap of Rs 1,753 Cr
M/s Aryaman Financial Services Limited appointed as Book Running Lead Manager
Approval to be sought from shareholders via Postal Ballot and remote e-voting

💡 Track the outcome of the postal ballot voting and watch for the final pricing, dilution level, and institutional allocation once the QIP opens.

India Ratings upgrades subsidiary Worldnext Realty's Rs 142.55 Cr bank loans to IND BB+/Stable

🟢 POSITIVE ⭐ 6/10

OTHER 📅 25 Sep 2026, 11:19 AM

Agi Infra Limited's subsidiary, M/s Worldnext Realty LLP, received a credit rating upgrade from India Ratings and Research. The subsidiary's bank loan facilities of INR 1,425.50 million (Rs 142.55 Cr) were upgraded to 'IND BB+/Stable'. Additionally, its bank guarantee facility of INR 74.50 million (Rs 7.45 Cr) was affirmed at 'IND A4+'. The total rated facilities amount to Rs 150 Cr, representing roughly 42% of Agi Infra's TTM revenue of Rs 357 Cr.

Bank loan facilities of INR 1,425.50 million upgraded to 'IND BB+/Stable'
Bank guarantee facility of INR 74.50 million affirmed at 'IND A4+'
Total rated facility under action stands at INR 1,500.00 million (Rs 150 Cr)
Rated amount represents ~42% of Agi Infra's TTM revenue of Rs 357 Cr

💡 Track whether the rating upgrade lowers borrowing costs for the subsidiary and monitor upcoming quarterly results for consolidated debt trends.

Agi Infra to Consider Fundraise via QIP at Board Meeting on September 25, 2026

🔵 WATCH ⭐ 6/10

FUNDRAISE 📅 21 Sep 2026, 04:33 PM

Agi Infra Limited has scheduled a Board of Directors meeting on Friday, September 25, 2026, to consider and approve raising funds through a Qualified Institutions Placement (QIP) of equity shares. The Board will also review and approve a Postal Ballot notice to obtain shareholder clearance for the proposed fundraise. In conjunction with the announcement, the trading window for designated persons has been closed from September 22, 2026, until 48 hours post-board meeting.

Board meeting scheduled for September 25, 2026, to consider QIP fundraise proposal
Fundraise proposed via issuance of equity shares in one or more tranches to institutional buyers
Approval of Postal Ballot notice to seek shareholder clearance on the agenda
Trading window closed starting September 22, 2026, until 48 hours after the Board meeting

💡 Track the outcome of the Board meeting on September 25, 2026, specifically looking for the proposed fundraise amount, dilution percentage, and deployment plan.

Agi Infra Convenes 21st AGM on Sept 30, 2026; Recommends ₹0.20 per Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Sep 2026, 02:11 PM

Agi Infra Limited has issued the notice for its 21st Annual General Meeting scheduled for September 30, 2026. The company proposed a final dividend of ₹0.20 per equity share of face value ₹1 for FY26, with the record date set as September 23, 2026. Key agenda items also include the adoption of FY26 financial statements and the re-appointment of directors retiring by rotation, including Managing Director Sukhdev Singh Khinda. Ratification of remuneration for cost auditor M/s Khushwinder Kumar & Co for FY27 is also slated for shareholder approval.

21st Annual General Meeting scheduled for September 30, 2026, at 3:30 PM IST
Final dividend proposed at ₹0.20 per equity share of face value ₹1 each for FY26
Record date for dividend entitlement established as September 23, 2026
Managing Director Sukhdev Singh Khinda (holding 5,53,03,200 shares) subject to retirement by rotation and seeks re-appointment
Ratification of remuneration of Cost Auditors M/s Khushwinder Kumar & Co for FY27 proposed

💡 Track shareholder approval of the resolutions at the AGM on September 30, 2026, and note the dividend record date of September 23, 2026.

Agi Infra Sets September 23, 2026 as Record Date for FY26 Final Dividend and 21st AGM

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 05 Sep 2026, 03:52 PM

Agi Infra Limited has fixed Wednesday, September 23, 2026, as the record date to determine shareholder eligibility for the final dividend for FY 2025-26 and participation in the 21st Annual General Meeting (AGM). The company's register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive). The dividend payout remains subject to shareholder approval at the upcoming AGM.

Record date set for September 23, 2026, for FY26 final dividend entitlement
Book closure period scheduled from September 24, 2026, to September 30, 2026
Final dividend distribution is subject to approval at the 21st Annual General Meeting

💡 Investors seeking dividend eligibility must hold shares before the ex-dividend date prior to September 23, 2026. Watch for the AGM voting results for formal dividend approval.

Agi Infra Sets Sep 23, 2026 as Record Date for Final Dividend and Sep 30 for 21st AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 03:45 PM

Agi Infra Limited has announced the schedule for its 21st Annual General Meeting (AGM), to be held on September 30, 2026. The Board approved the Directors' Report and related statutory reports for FY 2025-26. Additionally, September 23, 2026 has been set as the cut-off date for e-voting eligibility and the record date for determining final dividend entitlement for FY 2025-26. Share transfer books will remain closed from September 24 to September 30, 2026.

21st Annual General Meeting scheduled for September 30, 2026 at 03:30 PM IST
Record date and cut-off date for final dividend and e-voting fixed as September 23, 2026
Book closure period set from September 24, 2026 to September 30, 2026 (both days inclusive)
CS Gaurav Thakur appointed as Scrutinizer for conducting the e-voting process

💡 Investors seeking final dividend eligibility should ensure shares are held by the record date of September 23, 2026, and track AGM proceedings on September 30, 2026 for dividend approval.

Agi Infra Submits Investor Presentation for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Aug 2026, 02:29 PM

Agi Infra Limited has submitted its Investor Presentation for the quarter ended June 30, 2026, pursuant to Regulation 30 of SEBI LODR Regulations. For the quarter ended June 2026, the company posted revenue of ₹96.44 crore and a net profit of ₹27.54 crore. The company operates primarily in Punjab's affordable and premium housing segment, with a track record of delivering 90.44 lakh square feet across 14 projects. TTM revenue stands at ₹357 crore with a net profit of ₹103 crore and an operating margin of 37.1%.

Submitted Investor Presentation for the quarter ended June 30, 2026, on August 15, 2026
Filing made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
Company reported Q1 FY27 revenue of ₹96.44 crore and PAT of ₹27.54 crore
Cumulative track record of 14 completed projects delivering 90.44 lakh square feet

💡 Review the full investor presentation for project-level progress, sales bookings velocity, and execution timelines on ongoing residential and commercial developments.

AGI Infra Q1 FY27 PAT Grows 37.6% YoY to ₹27.54 Cr; Full QIP Proceeds Utilized

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 04:58 PM

AGI Infra reported a strong bottom-line performance for Q1 FY27, with Net Profit rising 37.6% YoY to ₹27.54 Cr, significantly outpacing revenue growth of 5.3% (₹96.44 Cr). Profitability was driven by improved margins, with Profit Before Tax (PBT) margins expanding to 33.5% from 25.9% in the year-ago period. The company also confirmed the full utilization of the ₹75 Cr raised via QIP in March 2026, with ₹56 Cr deployed directly into ongoing construction projects.

Net Profit increased 37.6% YoY to ₹27.54 Cr from ₹20.01 Cr in Q1 FY26
Revenue from operations grew 5.3% YoY to ₹96.44 Cr, representing ~27% of TTM revenue
Fully utilized ₹75 Cr QIP proceeds, with ₹56 Cr spent on construction of ongoing projects
Profit Before Tax (PBT) margin improved significantly to 33.5% vs 25.9% YoY
Basic EPS for the quarter rose to ₹2.20 from ₹1.64 in the corresponding previous quarter

💡 Investors should monitor the sales velocity and delivery timelines of the ongoing projects where the ₹56 Cr QIP capital was deployed to ensure sustained revenue growth.

IND A-/Stable Rating Assigned to Rs 278 Cr Bank Facilities and Fixed Deposits

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 03 Aug 2026, 05:59 PM

India Ratings and Research has assigned a first-time 'IND A-/Stable' rating to AGI Infra Limited's Rs 200 Cr bank loan facilities and Rs 78 Cr fixed deposit program. The total rated amount of Rs 278 Cr is significant, representing approximately 79% of the company's TTM revenue of Rs 352 Cr. This investment-grade rating reflects the company's healthy financial profile, including a low Debt/Equity ratio of 0.36 and strong operating margins of 34.9%. The rating assignment is a positive milestone that could potentially lower future borrowing costs and improve access to capital.

Assigned 'IND A-/Stable' rating for Bank Loan Facilities totaling Rs 200 Cr
Assigned 'IND A-/Stable' rating for Fixed Deposit program totaling Rs 78 Cr
Total rated exposure of Rs 278 Cr exceeds current reported debt of Rs 167 Cr
Company maintains a strong TTM Operating Profit Margin (OPM) of 34.9%
Rating assigned by India Ratings and Research Private Ltd on August 3, 2026

💡 Investors should monitor the company's interest coverage ratio in upcoming quarters to see if this rating leads to lower finance costs. Additionally, watch for the utilization of the newly rated bank facilities for project execution in the Punjab market.

AGIIL Confirms 100% Demat Shareholding for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Jul 2026, 10:37 AM

Agi Infra Limited (AGIIL) has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Pvt. Ltd., confirmed that no requests for dematerialization or rematerialization were received during the quarter ended June 30, 2026. The filing confirms that the entire holding of the company's shares is already in demat form. This is a standard procedural disclosure with no impact on the company's financial or operational status.

Quarterly compliance certificate submitted for the period ended June 30, 2026
0 requests received for dematerialization during the quarter
0 requests received for rematerialization during the quarter
100% of the company's shares are confirmed to be held in demat form

💡 This is a routine administrative filing. Investors should monitor upcoming quarterly financial results for updates on the company's construction and infrastructure projects.

AGI Infra Shareholders Approve Appointment of Nandini Kwatra as Independent Director with 99.99% Vote

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Jun 2026, 04:29 PM

AGI Infra Limited (AGIIL) has announced the successful passage of a special resolution to appoint Mrs. Nandini Kwatra as an Independent Director. The resolution was conducted via postal ballot and e-voting, concluding on June 26, 2026, with a massive 99.9997% majority. Out of 7.44 crore total votes cast, only 250 votes were against the proposal. This move ensures the company remains compliant with SEBI board composition regulations as it manages its Rs 1,616 crore market cap operations.

Special resolution for the appointment of Mrs. Nandini Kwatra passed with 99.9997% majority support
Total of 7,44,20,854 votes were polled, representing approximately 59.5% of total shares
Promoter group cast 6,75,54,100 votes, all in favor of the resolution
Public non-institutional shareholders cast 66,73,177 votes with 99.9963% in favor
The voting process concluded on June 26, 2026, following a 30-day e-voting window

💡 Investors should treat this as a routine governance update. No immediate action is required, but shareholders may monitor future board decisions for any strategic shifts resulting from new independent oversight.

View All AGIIL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment: Construction and Real Estate Development. Total revenue for HY1 FY26 grew by 17.80% YoY to INR 176.91 Cr compared to INR 150.18 Cr in HY1 FY25. Q2 FY26 revenue was INR 87.13 Cr, an 8.88% increase over Q2 FY25.

Geographic Revenue Split

100% of the company's operations and revenue are concentrated in the state of Punjab, primarily in Jalandhar, where it has delivered approximately 90.44 lakh square feet (LSF) of real estate space.

Profitability Margins

Net Profit Margin improved to 20.52% in FY25 from 17.28% in FY24, a 15.15% increase. Operating Profit Margin rose to 25.72% in FY25 from 24.21% in FY24. Profit After Tax (PAT) for HY1 FY26 was INR 42.06 Cr, up 32% YoY.

EBITDA Margin

EBITDA for Q2 FY26 was INR 35.45 Cr, representing a margin of 40.6%, which is a 21.88% increase from INR 29.08 Cr in Q2 FY25. EBITDA for FY25 (standalone) was INR 92.54 Cr.

Capital Expenditure

Purchase of fixed assets (including CWIP) for HY1 FY26 was INR 4.77 Cr. In FY25, the company spent INR 47.91 Cr on fixed asset additions.

Credit Rating & Borrowing

The company holds a 'CARE BBB+; Stable' rating for its long-term bank facilities (INR 200 Cr) and fixed deposits (INR 78 Cr). Interest coverage ratio declined by 50% to 0.58 in FY25 from 1.16 in FY24.

⚙️ Operational Drivers

Raw Materials

Construction raw materials (including imported components) represent the primary cost, with 'Cost of materials consumed' totaling INR 144.48 Cr in HY1 FY26, accounting for 81.6% of total revenue.

Import Sources

Raw materials are imported regularly as per company guidelines, though specific countries of origin are not disclosed in available documents.

Capacity Expansion

The company has a track record of completing 14 projects and delivering 90.44 lakh square feet (LSF) of real estate space over two decades. Current projects are ongoing with financial closure already achieved.

Raw Material Costs

Raw material costs increased by 41.81% YoY in HY1 FY26 to INR 144.48 Cr. The company does not undertake commodity hedging, making it sensitive to price fluctuations.

Manufacturing Efficiency

Inventory turnover improved by 12.65% to 160.37 days in FY25 from 183.60 days in FY24, indicating better project execution and sales velocity.

📈 Strategic Growth

Expected Growth Rate

17.80%

Growth Strategy

Growth is driven by the development of world-class Group Housing, Office space, commercial, and institutional buildings. The strategy focuses on maintaining a strong track record in affordable and premium housing, leveraging its brand reputation in Punjab, and ensuring financial closure for ongoing projects to mitigate execution risks.

Products & Services

Affordable and Premium Group Housing, Office spaces, Commercial buildings, Institutional buildings, and Township projects.

Brand Portfolio

AGI Infra, Jalandhar Heights, Jalandhar Heights-II, Urbana.

New Products/Services

The company continues to focus on its core 'Affordable & Premium Group Housing' projects, which are its primary revenue contributors.

Market Expansion

Expansion is currently focused on deepening its presence in the Punjab real estate market, particularly through large-scale township and housing projects.

Market Share & Ranking

A renowned name in Affordable & Premium Group Housing in Punjab with 90.44 LSF delivered.

🌍 External Factors

Industry Trends

The real estate industry is currently benefiting from favorable saleability and an adequate outlook, though it remains subject to cyclicality and regulatory changes like RERA.

Competitive Landscape

Competes with other regional and national real estate developers in the Punjab market; competitive advantage is derived from its execution team and integrated business model.

Competitive Moat

The moat is built on a 20-year track record, 14 completed projects, and a strong brand in the Punjab region. This is sustainable due to the high entry barriers in large-scale township development and established customer trust.

Macro Economic Sensitivity

Highly sensitive to the performance of the Indian economy and real estate market trends. Interest rate sensitivity is high given the debt-equity ratio of 0.33 and reliance on bank borrowings.

Consumer Behavior

Demand is driven by customer preferences for affordable vs. premium housing and trust in established developers for timely project delivery.

Geopolitical Risks

Exposure to global supply chain disruptions that could affect the price and availability of imported raw materials.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Real Estate (Regulation and Development) Act (RERA) and local building norms in Punjab. Compliance with SEBI Listing Regulations is maintained.

Taxation Policy Impact

Current tax expense for HY1 FY26 was INR 8.92 Cr, up from INR 6.75 Cr in HY1 FY25. The company follows Indian Accounting Standards (Ind AS).

Legal Contingencies

The company reports no transactions with related parties were in conflict with its interests. Specific values for pending court cases are not disclosed in available documents.

⚠️ Risk Analysis

Key Uncertainties

Project execution risk for ongoing developments and high reliance on customer advances for liquidity. Market price fluctuations in real estate can impact realizations.