Key Metrics of Agi Infra Limited
About Agi Infra Limited
Sectors
Company details
- Registered office
- S.c.o 1-5, Urbana Jalandhar Heights-ii, Jalandhar, In-pb, 144022
- Listed
- NSE: AGIIL · ₹255.51
Operational Areas of Agi Infra Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 13 Oct 2025 | CARE | Reaffirmed | BBB+ | — | Stable | ₹278 Cr | View |
| 10 Mar 2025 | CARE | Reaffirmed | BBB+ | — | Stable | ₹118 Cr | View |
| 05 Jan 2024 | CARE | Assigned | BBB+ | — | Stable | ₹100 Cr | View |
| 07 Oct 2016 | CARE | Assigned | — | — | — | ₹1,63,923 Cr | View |
| 12 Oct 2015 | CARE | Assigned | BB+ | — | — | ₹24.9 Cr | View |
Credit strengths (CARE, Oct 2025)
+ Experienced promoters with long track record of operations in the real estate sector
The company’s promoters have been engaged in developing residential and commercial projects for around two decades and have developed ~90.45 lsf of real estate space over the years. The company has a strong developmental track record and brand recognition in the Jalandhar real estate market since 2005. The developer has undertaken projects mainly in the residential segment and only a few projects in commercial segments.
+ Regulatory approvals in place for on-going projects
Per the management, all major necessary regulatory approvals for the ongoing projects are in place. Land has already been acquired and building permit has been obtained for all on -going projects. The company has received approvals from the appropriate authority(s), which include height clearance, water, electricity, fire & emergency, environmental clearance, among others. All projects have been registered under Punjab Real Estate Regulation Act.
+ Comfortable capital structure with satisfactory cash coverage ratio
Overall gearing stood comfortable at 0.47x as on March 31, 2025 (0.61x as on March 31, 2024) considering limited reliance on term debt for funding projects. Of the five-debt funded ongoing projects, the company has availed debt for only three projects, including AGI Smart Homes II (₹25 crore), AGI Sky Villa (₹40 crore), and Jalandhar Heights-3 (₹20 crore). Average cash coverage ratio for the entire tenure of debt repayment for ongoing and upcoming projects, (including Fixed Deposit of ₹78 crore
Credit challenges
− Project execution risk for ongoing and upcoming projects
As on June 30, 2025, the company is executing 10 residential projects. At an aggregate level, ~63% of the total cost, or ₹1,272 crore, is yet to be incurred. Currently, "Sky Villas" is the major ongoing project, with ~48% of the construction work completed. Given the moderate stage of project construction, there is an impending construction risk, and regular funding required for the construction. The project is expected to be completed by December 2027. The company is planning to launch another
− Risk associated with real estate industry being subject to regulations and competition from other players
Real estate sector demand is linked to the overall economic prospect of the country. Change in the economic outlook affects expected cash inflows to a household, also influencing their buying decision. This apart, as leverage forms an important part of funding for the buyer, availability of loan and interest rates also affects demand of real estate properties. On the other ha nd, land, labour, cement and metal prices being some major cost centres for the sector, av ailability of these factors pl
Could lead to an upgrade
• Timely and successful completion of the on-going projects and achievement of collection above ₹400 crore in the next 12 months. • Inventory hangover (number of months required to sell unsold inventory given trailing 12 months average sales trend) to remain at or below 12 months on a continued basis.
Could lead to a downgrade
• Substantial delay in collection of committed receivables, leading to further availment of debt. • Significant time and cost overrun leading to reduction in profitability of projects.
Agency-reported financials (CARE, 13 Oct 2025)
| Metric | March 31, 2024 | March 31, 2025 | Q1FY26 |
|---|---|---|---|
| Total operating income | ₹294 Cr | ₹327 Cr | ₹91.61 Cr |
| PBILDT | ₹78.04 Cr | ₹95.73 Cr | ₹32.26 Cr |
| PAT | ₹53.45 Cr | ₹71.38 Cr | ₹20.01 Cr |
| Overall gearing (times) | 0.61× | 0.47× | — |
| Interest coverage (times) | 10.14× | 7.16× | 10.24× |
| Revenue growth (YoY) | — | 11.2% | — |
| EBITDA margin | 26.5% | 29.2% | 35.2% |
| Implied interest cost (EBITDA ÷ coverage) | ₹7.70 Cr | ₹13.37 Cr | ₹3.15 Cr |
| PAT margin | 18.2% | 21.8% | 21.8% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term bank facilities | Working capital & bank lines | — | ₹58.0 Cr | — | BBB+ (Stable) | Assigned | CARE |
| Long-term bank facilities | Working capital & bank lines | — | ₹142 Cr | — | BBB+ (Stable) | Reaffirmed | CARE |
| Fixed deposit | Fixed deposits | — | ₹78.0 Cr | — | BBB+ (Stable) | Reaffirmed | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Overdraft | ₹58.0 Cr | CARE BBB+; Stable |
| Fixed Deposit | ₹78.0 Cr | CARE BBB+; Stable |
| Term Loan | ₹142 Cr | CARE BBB+; Stable |
Lenders
| Fund-based - LT | Bank Overdraft | Bank of Baroda |
| Fund-based - LT | Bank Overdraft | State Bank of India |
| Fund-based - LT | Term Loan | Proposed |
| Fund-based - LT | Term Loan | Punjab National Bank |
| Fund-based - LT | Term Loan | State Bank of India |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| Fixed deposit | Fixed deposits | BBB+ CARE | BBB+ | Tier II + 1 |
| Fixed Deposit | Fixed deposits | BBB+ CARE | BBB+ | Tier II + 1 |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 69% |
| Information on file | 89% · missing: Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 65% chance the next rating action is stable or better
- Current rating BBB+ (investment grade)
- Interest coverage 10.24×
Rated limits by facility
Timeline
From the report
Press Release Low reliance on debt for ongoing projects with financial closure already been achieved The company is currently developing ten residential projects with a total cost of ₹2,022 crore.
From the report
Average cash coverage ratio for the entire tenure of debt repayment for ongoing and upcoming projects, (including Fixed Deposit of ₹78 crore is expected to be raised, of which ₹1.10 crore is already raised), remains satisfactory at above 2.5x.
From the report
The company is planning to launch another four projects by March 2026, with total area of 98 lakh square feet including total estimated cost of ₹2,327 crore.
From the report
Liquidity: Adequate The company’s liquidity position is adequate as reflected by consistent customer collection, sales momentum and cash balance and liquid investments of ₹27.57 crore as on March 31, 2025.
From the report
LT-Bank - - - - 58.00 Stable Overdraft Fund-based - CARE BBB+; - - - 30-June-2029^ 142.00 LT-Term Loan Stable *The company has initiated a fixed deposit program totalling ₹78 crore, with ₹1.10 crore already raised on September 09, 2025 at an interest rate of 8.5% per annum, maturing on September 08, 2026 and paying interest semi-annually and remaining amount is proposed. ^ There are multiple term loans, and maturity period of longest remaining tenor term duration considered (excluding the proposed term loans) Annexure-2: Rating history for last three years Current Ratings Rating History Date(s
From the report
Press Release Low reliance on debt for the ongoing projects with financial closure already been achieved The company is currently developing five residential projects with a total cost of Rs 1182 crore.
From the report
Liquidity: Adequate The company’s liquidity position is adequate as reflected by consistent customer collection, sales momentum along with cash balance and liquid investments of Rs. 89.30 cr as on March 31, 2024 .
From the report
As of December 31, 2024, the company has an unencumbered cash balance and liquid investments of Rs 43 crore.
From the report
Press Release Low reliance on debt for the ongoing projects with financial closure already been achieved AGI is currently developing seven projects at a total project cost of Rs 1192.19 crore.
From the report
The average cash coverage ratio for the entire tenure of the repayment of debt availed for the ongoing projects and upcoming projects where Rs.60 crore FD is proposed to be availed remain satisfactory above 3x.
From the report
The company is currently developing 7 residential projects in the city of Jalandhar, Ludhiana and Kapurthala namely ‘Jalandhar Heights-2 Extension’, ‘Urbana’, ‘Maxima- (M2)’, ‘Sky Graden Maxima-II’, ‘Jalandhar Heights- 3’ AGI Smart Homes- II and AGI Sky Villa. with a total saleable area of 83.91 lsf at a total project cost of Rs 1192 crore and overall revenue potential of 1799 crore.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Agi Infra Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Reliance Infrastructure Limited |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
 KEC International |
Discovered Companies · Other Industries | kecrpg.com | 1945 | Mumbai, India |
 NCC Limited |
Discovered Companies · Other Industries | ncc.se | — | Hyderabad, Telangana, India |
| Lodha Developers Limited | · Construction | — | — | Mumbai, Maharashtra, India |
 Ircon International Limited |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| Dilip Buildcon Limited | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R Infraprojects Limited | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
| Sterling And Wilson Renewable Energy Limited | Renewable Power · Oil, Gas & Energy | — | — | Mumbai, Maharashtra, India |
 GMR Power And Urban Infra Limited |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.