PBAINFRA
PBA INFRASTRUCTURE financials
- Market cap
- ₹13 Cr
- Sector
- Construction
What PBA INFRASTRUCTURE LTD. does
PBA Infrastructure Limited is an engineering, procurement and construction (EPC) contractor that undertakes infrastructure projects for government clients, recognizing revenue on a percentage-completion basis. Several of its awarded and operational work orders were cancelled by government authorities for want of land at project sites, and the company has since been pursuing cost-overrun and delay-related claims against clients through arbitration and litigation on its closed, suspended and under-construction projects.
- Employees
- 46
- Business model
- EPC contractor (govt. infrastructure projects)
- Projects status
- Closed / suspended / under-construction projects under arbitration or litigation
Quarterly results
Q1 FY27: revenue down 100.0%, net profit down 237.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 9 | 9 | 7 | 9 +36% | 2 −74% | 6 −38% | 0 −100% |
| EBITDA | -1 | 1 | -4 | 0 | -2 −157% | -1 −184% | -53 −1230% | -0 −214% |
| Net profit | -1 | 0 | 3 | -0 | -23 −1636% | -2 −600% | -57 −1991% | -1 −237% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +28.8% 1Y
1Y: ₹10.6 on 13 Sept 2021 → ₹13.65. High ₹18.15 (9 Feb 2022), low ₹9.1 (25 Oct 2021).
Financials, as filed
Revenue fell 37.9% a year over 2 years, FY24 to FY26. Operating margin narrowed to -237.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹60 Cr | ₹36 Cr | ₹23 Cr |
| Operating profit | ₹-2 Cr | ₹-4 Cr | ₹-56 Cr |
| Operating margin | -2.9% | -10.0% | -237.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹0 Cr | ₹2 Cr | ₹-82 Cr |
| Net margin | 0.5% | 6.1% | -351.3% |
| Cash from operations | ₹-14 Cr | ₹1 Cr | ₹-2 Cr |
| Free cash flow | ₹4 Cr | ₹2 Cr | ₹-2 Cr |
| ROCE | -1.0% | 1.0% | -23.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹2 Cr | ₹2 Cr | ₹-133 Cr | ₹-130 Cr | ₹-152 Cr | ₹-210 Cr |
| Borrowings | ₹431 Cr | ₹402 Cr | ₹402 Cr | ₹406 Cr | ₹404 Cr | ₹405 Cr |
| Other liabilities | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹38 Cr | ₹42 Cr | ₹36 Cr |
| Total liabilities | ₹481 Cr | ₹452 Cr | ₹318 Cr | ₹327 Cr | ₹308 Cr | ₹244 Cr |
| Fixed assets | ₹39 Cr | ₹35 Cr | ₹29 Cr | ₹23 Cr | ₹16 Cr | ₹14 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr |
| Other assets | ₹412 Cr | ₹389 Cr | ₹260 Cr | ₹275 Cr | ₹263 Cr | ₹201 Cr |
| Total assets | ₹481 Cr | ₹452 Cr | ₹318 Cr | ₹327 Cr | ₹308 Cr | ₹244 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.37 pp while the public trimmed −0.37 pp. The shareholder count shrank 5% to 10,656.
- Promoters
- 54.7%
- FIIs
- 1.1%
- Public
- 44.2%
Since Jun 2025
- FIIs +0.37 pp
- Public −0.37 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.0% to 1.1% — +1.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 54.7%, Public 45.3%.Dec '23: Promoters 54.7%, Public 45.3%.Mar '24: Promoters 54.7%, Public 45.3%.Jun '24: Promoters 54.7%, Public 45.3%.Sep '24: Promoters 54.7%, Public 45.3%.Dec '24: Promoters 54.7%, FIIs 0.1%, Public 45.2%.Mar '25: Promoters 54.7%, FIIs 0.1%, Public 45.2%.Jun '25: Promoters 54.7%, FIIs 0.7%, Public 44.6%.Sep '25: Promoters 54.7%, FIIs 1.1%, Public 44.2%.Dec '25: Promoters 54.7%, FIIs 1.1%, Public 44.2%.Mar '26: Promoters 54.7%, FIIs 1.1%, Public 44.2%.Jun '26: Promoters 54.7%, FIIs 1.1%, Public 44.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of PBA INFRASTRUCTURE LTD. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Late Ramlal Wadhawan | 29.33% | unchanged |
| Balkrishan Wadhawan | 5.94% | unchanged |
| Late Narayan Ganesh Thatte | 4.72% | unchanged |
| Subashchandra Pritamlal Wadhawan | 4.20% | unchanged |
| Sunil Ramlal Wadhawan | 1.93% | unchanged |
| Vishal Balkrishan Wadhawan | 1.91% | unchanged |
| Deepak Ramlal Wadhawan | 1.90% | unchanged |
| Neena B Wadhawan | 1.89% | unchanged |
| Monica Manoj Talwar | 1.86% | unchanged |
| M Balasubramaniam | 1.48% | −0.61 pp |
| Shakti Jashpal Sabharwal | 1.39% | unchanged |
| Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund | 1.11% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse PBA INFRASTRUCTURE LTD.
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