Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Oct
Source: Bse
A2Z Infra Engineering Limited (A2ZINFRA)
Small CapInfra stocks · Small cap · NSE
A2Z Infra Engineering Limited operates in Power & Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals13 Oct 2026 · screener
Latest result12 Aug, 06:45 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
25Bearishfull bear SMA stack · SMA20 -9.7% / mo · MACD − · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 19
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
A2ZINFRAD candles · FIT view-20.9%Latest close ₹13.42 on 2026-10-19
Bar
-1.7%
RSI
34
MACD hist
-0.04
52W pos
19%
2026-10-19O ₹13.65H ₹13.90L ₹13.34C ₹13.42Vol 1.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
A2ZINFRANifty InfraNifty 500
- A2ZINFRA
- +6.7%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- +12.3 pp
Chart stats
19 Oct 2026- From 52W high
- -30.8%
- 52W range position
- 19%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.84x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹13.3 - ₹15.2
₹19.4
₹12 - ₹19.4
₹0.7
Latest completed session
20-session average
29.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED10
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -24.4% · PAT -103.5% YoY
Technical
Bearish25
Price trend and sector-relative-strength timing.
Valuation
Legacy model-190.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence44
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -24% YoY · PAT -104% YoY · margin compression
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹68.5 Cr | -24.4% | -25.8% |
| EBITDA | ₹0.6 Cr | -91.0% | +119.1% |
| Operating margin | 0.9% | -658 bps | +435 bps |
| PAT | ₹-0 Cr | -103.5% | -100.3% |
| PAT margin | -0.0% | -66 bps | -724 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 57.90
- P/B
- 4.91
- EV/EBITDA
- 48.86
- Market Cap
- 245.00Cr
Profitability
- ROE
- 10.40%
- ROCE
- 13.10%
- ROA
- 1.08%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -1.00%
- EPS 5Y
- 16.00%
- Revenue 3Y
- 3.00%
- EPS 3Y
- -32.00%
Balance Sheet
- Debt/Equity
- 1.98
- Interest Coverage
- 0.25×
- Altman Z
- 0.81
- Book Value
- 2.81
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 10/5
- OCF
- -17.00 Cr
- EPS TTM
- 0.20
Shareholding
- Promoter Hold
- 27.92%
- Promoter Pledge
- 99.70%
- Momentum 52W
- 28%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 68.5-25.8% vs prev
Net Profit
₹ CrLatest: -0.0-100.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 34.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~10.7% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 31% off 52W high · 12% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
41
RS percentile
Stage 4 Downtrend
1M return
-9.9%
3M return
+6.7%
6M return
-21.3%
1Y return
-18.7%
RS 1D
0
RS 20D
+5
Sector rank
#16
Industry rank
#70
Stage evidence
- Price is 11.2% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.8%.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 78.93-1.53%
RS vs Nifty 50079
Valuation & peers
U-Score 10 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 10 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth8/25
Quality1/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-3
Raw sum
10
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
10/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 8/25 to the score.
- Cash flow contributes 3/10 to the score.
- Quality contributes 1/20 to the score.
Main drags
- Altman Z is 0.8, in distress territory.
- Promoter pledge is 99.7%.
- Penalty bucket subtracts 3 points.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
57.9
PB
4.9
EV/EBITDA
48.9
ROE
10.4%
ROCE
13.1%
FCF Yield
—
Debt/Equity
2.0
MoS
-190.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
10
Previous: 12 (-2)
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-190.5%
Previous: -174.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
12
12
12
12
12
12
12
12
12
12
12
12
Factor attribution
Quality
1-2
was 3
Modelled fair value
Graham Number
₹3.56
-277.4% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹4.62
-190.5% MoS
PEG
3.62
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RBMINFRA
SME
RBM Infracon Ltd.
Construction & Engineering
match 106
81
5.4
27.6%
+79%
DEEP VALUE
OMPOWER
Small
Om Power Transmission Limited
Power Transmission
match 63
77
12.3
38.2%
+60%
DEEP VALUE
BGRENERGY
Small
BGR Energy Systems Limited
Power Equipment
match 61
23
—
—
—
OVERVALUED
HONDAPOWER
Small
Honda India Power Products Limited
Power Equipment
match 61
29
25.9
8.6%
-43%
OVERVALUED
PIXTRANS
Small
Pix Transmissions Limited
Power Transmission
match 58
61
19.0
16.4%
+41%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
A2Z Infra Engineering Limited operates in Power & Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
44Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 2nd percentile of the scored universe and 4th percentile within Infra. Main check: balance sheet trust is weak at 21/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
2nd percentile
overall median 67 · Infra: 4th pctile, median 64 · Small: 2nd pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Do not rely on management narrative unless hard turnaround evidence is visible.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
35
weak · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
21
weak · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸10 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Promoters have pledged 99.7% of holding.
- ▸Operating cash flow is negative at ₹-17 Cr.
- ▸Altman Z is 0.86.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching A2Z Infra Engineering Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 26 Sep - Shareholders approved MRKS & Associates' re-appointment as statutory auditors for five years at the 25th AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 4 May - Allotment of 14,02,500 equity shares against exercise of vested options under A2Z Employee Stock Option Plan, 2013, A2Z Employee Stock Option Plan, 2014 and A2Z …
Source: Bse
Announcement
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2026
Sep 2026 · Intimation Regarding Dispatch Of Physical Communication To Shareholders Regarding Web Link Of Annual Report Who Have Not Registered Their Email Address 3 Sep - A2Z Infra Engineering dispatches FY 2025-26 annual report and AGM notice; AGM on September 26, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.