Afcons Infrastructure (NSE:AFCONS) Gross Margin %: 32.92% (As of Mar. 2026) — 14% Above Median


NSE:AFCONS Afcons Infrastructure Ltd NSE:AFCONS
42 GF Score
Price ₹314.20
! 7 Warning Signs
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What is Afcons Infrastructure Gross Margin %?

Afcons Infrastructure NSE:AFCONS +0.66% 42 Gross Margin % is 32.92% as of Mar. 2026, which is 14% above its 10-year median of 28.97. GuruFocus rates NSE:AFCONS with a GF Score™ of 42/100. The stock has 7 warning signs investors should review. Among 1,718 Construction companies, Afcons Infrastructure ranks better than 74.74% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Afcons Infrastructure's Gross Profit for the three months ended in Mar. 2026 was ₹8,604 Mil. Afcons Infrastructure's Revenue for the three months ended in Mar. 2026 was ₹26,138 Mil. Therefore, Afcons Infrastructure's Gross Margin % for the quarter that ended in Mar. 2026 was 32.92%.


The historical rank and industry rank for Afcons Infrastructure's Gross Margin % or its related term are showing as below:

NSE:AFCONS' s Gross Margin % Range Over the Past 10 Years
Min: 25.84   Med: 28.97   Max: 33.96
Current: 33.96


During the past 6 years, the highest Gross Margin % of Afcons Infrastructure was 33.96%. The lowest was 25.84%. And the median was 28.97%.

NSE:AFCONS's Gross Margin % is ranked better than
74.74% of 1718 companies
in the Construction industry
Industry Median: 20.75 vs NSE:AFCONS: 33.96

Afcons Infrastructure had a gross margin of 32.92% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Afcons Infrastructure was 4.60% per year.


Afcons Infrastructure  (NSE:AFCONS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Afcons Infrastructure had a gross margin of 32.92% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Afcons Infrastructure Gross Margin % Related Terms


Afcons Infrastructure Gross Margin % Historical Data

* Premium members only.

The historical data trend for Afcons Infrastructure's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Afcons Infrastructure Gross Margin % Chart

Afcons Infrastructure Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 25.84 27.81 29.47 31.97 33.95

Afcons Infrastructure Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.21 34.18 34.41 34.15 32.92

NSE:AFCONS vs PWR, FIX, EME: Gross Margin % Comparison

For the Engineering & Construction subindustry, Afcons Infrastructure's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Afcons Infrastructure Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, Afcons Infrastructure's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Afcons Infrastructure's Gross Margin % falls into.


NSE:AFCONS
42GF Score
Afcons Infrastructure Ltd NSE:AFCONS
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Afcons Infrastructure Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Afcons Infrastructure's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=40570.4 / 119483.8
=(Revenue - Cost of Goods Sold) / Revenue
=(119483.8 - 78913.4) / 119483.8
=33.95 %

Afcons Infrastructure's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=8604.2 / 26138.4
=(Revenue - Cost of Goods Sold) / Revenue
=(26138.4 - 17534.2) / 26138.4
=32.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 32.92% mean?
Afcons Infrastructure (NSE:AFCONS) has a Gross Margin % of 32.92% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Afcons Infrastructure and its competitors. This is 14% above median its historical median of 28.97. Over the past decade, Afcons Infrastructure's Gross Margin % has ranged from 25.84 to 33.96. According to the industry distribution chart, Afcons Infrastructure ranks #434 out of 1718 companies in the Construction industry, placing it in the top 25.3%.
Is Afcons Infrastructure's Gross Margin % too high?
Afcons Infrastructure's current Gross Margin % of 32.92% is 14% above median its 10-year median of 28.97. Over the past 10 years, this metric has ranged from a low of 25.84 to a high of 33.96. The Construction industry median Gross Margin % is 20.75. Afcons Infrastructure's value of 32.92% is 58.7% above this industry median. Based on the distribution chart, Afcons Infrastructure ranks #434 out of 1718 companies in the Construction industry, which is above the industry midpoint. Overall, Afcons Infrastructure has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Afcons Infrastructure's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Afcons Infrastructure ranks #434 out of 1718 companies for Gross Margin %. This puts Afcons Infrastructure in the upper half of its industry. The industry median Gross Margin % is 20.75. Afcons Infrastructure's value of 32.92% is 58.7% above this benchmark. Historically, Afcons Infrastructure's own Gross Margin % has ranged from 25.84 to 33.96 over the past decade. While the company's 10-year median is 28.97 vs. the industry median of 20.75, Afcons Infrastructure has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.75, based on 1,718 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afcons Infrastructure's current Gross Margin % of 32.92% is 58.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Afcons Infrastructure and its competitors. For the Construction industry, the median Gross Margin % is 20.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afcons Infrastructure's current Gross Margin % is 32.92%, which is 14% above median its own 10-year median of 28.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afcons Infrastructure stock overvalued right now?
Afcons Infrastructure (NSE:AFCONS) has a current Gross Margin % of 32.92%. The current Gross Margin % is 32.92%, which is 14% above median its 10-year median of 28.97 and 58.7% above the Construction industry median of 20.75. Afcons Infrastructure's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Afcons Infrastructure (NSE:AFCONS), the current Gross Margin % is 32.92% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Afcons Infrastructure Business Description

Other Exchanges 544280:India
Address Veera Desai Road, Afcons House, 16 Shah Industrial Estate, Azadnagar, Andheri West, Mumbai, MH, IND, 400053
Afcons Infrastructure Ltd is an engineering and construction company. It has a track record of executing numerous complex, challenging engineering, procurement, and construction (EPC) projects both within India and internationally. The company's projects include the Ghana Rail Project, Chenab Bridge, Atal Tunnel, MG Setu Bridge, Annaram Barrage, Fourth Container Terminal, JNPT, Mumbai, Kolkata Metro, and others. Geographically, the company derives the majority of its revenue from its operations in India, and also conducts its business activities outside India.
42GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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