Latest news with #AGIInfra
The Print
5 days ago
- Business
- The Print
Nuvama initiates coverage with a ‘BUY' rating on AGI Infra (AGIIL) with a target price of Rs 1448
New Delhi [India], July 26: Nuvama initiates coverage with a 'BUY' rating and a TP of INR1,448, valuing the stock at 1x FY26E NAV. AGI Infra (AGIIL) is among the few reputed real estate players in Punjab, with a dominant presence in Jalandhar, aided by a strong track record of well-received, high-quality projects. Operating in a market with limited branded competition, it has established a strong position and is strategically expanding into high-demand micro-markets across Punjab. With a robust development pipeline and a sizable, well-located land bank, it is well-positioned to capitalise on Punjab's growing housing demand. Our confidence in its long-term growth story is aided by a structurally buoyant home market. Report link: Key growth Drivers are highlighted below: CAGR of 13% over FY26-30E on the back of a strong launch pipeline of ~INR5,120cr (9.8msf) and ongoing inventory of ~INR1,280 (4.98msf); I. Strong demand for its product and further price realisation; II. In-house construction using its team of experts, coupled with the use of Mivan technology, which gives it an edge in terms of faster execution, on-time delivery, and boosts margin; III. Favourable dynamics in Punjab with lower inventory and limited supply by branded players; IV. Net cash surplus of INR2,060cr over FY26-32E (sans its land bank) led by pre-sales growth; V. With a large land parcel spread across diverse locations, where demand is high, it is ready for the future. We expect a net cash surplus of INR1,506cr and a healthier Balance Sheet led by strong collections and internal accruals (net D/E ratio to improve to -0.1x in FY27E from 0.2x as of March). It has ten/four ongoing/upcoming projects, with an inventory/saleable area of 4.98msf/9.8msf (GDV of ~INR1,280cr/~INR5,120cr). Well-diversified land reserves of ~12.2msf will be used for future development. We expect GDV of ~INR1,280/~INR5,400cr ongoing inventory/upcoming to be liquidated by FY30 and envisage a cash surplus of ~INR2,060cr from ongoing and upcoming projects. We see project additions once it launches most of its existing projects. We value AGIIL on its FY26E NAV considering its land reserves and ability to add projects aggressively in its existing micro-market given its brand value and improved Balance Sheet. Organised real estate players gain an edge in underserved Punjab micro-markets Its more than two decades of experience helps it stand out among Punjab's few organised players. Jalandhar and Ludhiana are among the fastest-growing realty markets in the region, with strong traction seen in recent years. We expect continued demand and price appreciation given: i) its luxury positioning, and ii) the presence of an affluent client base. Limited supply from organised players, better infrastructure, and rising aspirations are driving demand for branded residential projects. Proven execution and strategic Tier II presence backed by a diversified portfolio AGIIL's expertise lies in residential development, with a portfolio evenly balanced between luxury and affordable housing. This ensures access to a diversified client base and resilience across market cycles. It has delivered ~9msf across 10 successful projects in Jalandhar. It is expanding in key high-growth micro-markets in Tier II cities where demand is robust. Leveraging Mivan technology and in-house execution, it is ensuring faster project execution, greater durability, and reduced labour and overhead costs. With a sizeable land bank in Tier II cities and a proven execution track record, it is best placed to sustain margin and capitalise on rising demand for branded and quality housing across Punjab. Ongoing and upcoming projects total ~14.8msf; launches seen till FY30 It has significantly scaled up given: i) the favourable market dynamics, ii) timely delivery of premium projects, and iii) strong demand for completed projects, leading to healthy collections and efficient capital recycling via internal accruals. It has 10 ongoing projects (eight residential and a commercial and plot each) with an inventory of ~4.8msf. Four upcoming projects (residential/commercial: three/ one), with a saleable area/GDV of 9.8msf/~INR5,120cr, will be launched by FY30. We expect the entire ongoing inventory to get liquidated by FY28-end. Expect a cash surplus of ~INR2,060cr over FY26-32; Net debt to equity to decline -0.1x in FY27 We expect ongoing and upcoming residential projects to generate a gross/net cash flow of INR8,283cr/INR2,060cr over FY26-32. We foresee a net D/E ratio of -0.1x by FY27 from 0.5x as of FY25on healthy internal accruals. Recommend buy with TP of Rs 1,448 We recommend Buy with a target price of Rs1,448 (upside of 36%). Our Buy recommendation is drive by 1. Well located land bank 2. Experienced management 3. Strong execution 4. Strong demand 5. Healthy cash flows 6. Comfortable balance sheet 7. Attractive valuations. Expect healthy cash flows aided by: i) the development of land parcels, ii) strong brand positioning, and iii) price premium in Punjab. We discount cash flows to FY26 to arrive at a NAV of INR3,539cr with a TP of INR1,448. Maintain BUY. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Mint
6 days ago
- Business
- Mint
Nuvama sees 40% upside in THIS multibagger stock. Should you buy?
Multibagger stock: Brokerage firm Nuvama has initiated coverage on AGI Infra with a 'buy' recommendation due to ongoing and upcoming projects, anticipated high cash flows, and increasing demand for residential property. Shares of the construction company closed 1.29 per cent higher at ₹ 1,066.9 on the BSE index after Friday's stock market session, compared to ₹ 1.053.35 at the previous market close. 'We initiate coverage with a 'BUY' rating and a TP of INR1,448, valuing the stock at 1x FY26E NAV. AGI Infra (AGIIL) is among the few reputed real estate players in Punjab, with a dominant presence in Jalandhar, aided by a strong track record of well-received, high-quality projects,' Nuvama said. Operating in a market with limited branded competition, it has built a presence and is expanding into high-demand markets throughout Punjab. With a solid project pipeline and a large, well-situated land bank, it is estimated to benefit from Punjab's rising housing demand, according to the brokerage firm. Nuvama further expects that the ongoing and upcoming residential projects will generate a gross cash flow of ₹ 8,282 crore and a net cash flow of ₹ 2,060 crore. It has been recommended to buy with a target price of ₹ 1,448, an upside of 36%. AGIIL is a Punjab-based real estate developer with presence in cities such as Jalandhar, Ludhiana, Chandigarh, and Mohali. It has delivered over 10 projects. Primarily focused on residential real estate, it is also engaged in the commercial sector. Currently, it has 10 ongoing projects with a total saleable area of 11.32 million square feet, of which 4.98 million square feet remains available for sale. For the financial year ended on March 31, 2025, the company reported a net profit of ₹ 67 crore, compared to ₹ 52 crore posted in the previous year. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
The Wire
6 days ago
- Business
- The Wire
Nuvama initiates coverage with a ‘BUY' rating on AGI Infra (AGIIL) with a target price of Rs 1448
Nuvama initiates coverage with a 'BUY' rating and a TP of INR1,448, valuing the stock at 1x FY26E NAV. AGI Infra (AGIIL) is among the few reputed real estate players in Punjab, with a dominant presence in Jalandhar, aided by a strong track record of well-received, high-quality projects. Operating in a market with limited branded competition, it has established a strong position and is strategically expanding into high-demand micro-markets across Punjab. With a robust development pipeline and a sizable, well-located land bank, it is well-positioned to capitalise on Punjab's growing housing demand. Our confidence in its long-term growth story is aided by a structurally buoyant home market. Report link: Key growth Drivers are highlighted below: 1. Pre-sales CAGR of 13% over FY26–30E on the back of a strong launch pipeline of ~INR5,120cr (9.8msf) and ongoing inventory of ~INR1,280 (4.98msf); 2. Strong demand for its product and further price realisation; 3. In-house construction using its team of experts, coupled with the use of Mivan technology, which gives it an edge in terms of faster execution, on-time delivery, and boosts margin; 4. Favourable dynamics in Punjab with lower inventory and limited supply by branded players; 5. Net cash surplus of INR2,060cr over FY26–32E (sans its land bank) led by pre-sales growth; 6. With a large land parcel spread across diverse locations, where demand is high, it is ready for the future. We expect a net cash surplus of INR1,506cr and a healthier Balance Sheet led by strong collections and internal accruals (net D/E ratio to improve to -0.1x in FY27E from 0.2x as of March). It has ten/four ongoing/upcoming projects, with an inventory/saleable area of 4.98msf/9.8msf (GDV of ~INR1,280cr/~INR5,120cr). Well-diversified land reserves of ~12.2msf will be used for future development. We expect GDV of ~INR1,280/~INR5,400cr ongoing inventory/upcoming to be liquidated by FY30 and envisage a cash surplus of ~INR2,060cr from ongoing and upcoming projects. We see project additions once it launches most of its existing projects. We value AGIIL on its FY26E NAV considering its land reserves and ability to add projects aggressively in its existing micro-market given its brand value and improved Balance Sheet. Organised real estate players gain an edge in underserved Punjab micro-markets Its more than two decades of experience helps it stand out among Punjab's few organised players. Jalandhar and Ludhiana are among the fastest-growing realty markets in the region, with strong traction seen in recent years. We expect continued demand and price appreciation given: i) its luxury positioning, and ii) the presence of an affluent client base. Limited supply from organised players, better infrastructure, and rising aspirations are driving demand for branded residential projects. Proven execution and strategic Tier II presence backed by a diversified portfolio AGIIL's expertise lies in residential development, with a portfolio evenly balanced between luxury and affordable housing. This ensures access to a diversified client base and resilience across market cycles. It has delivered ~9msf across 10 successful projects in Jalandhar. It is expanding in key high-growth micro-markets in Tier II cities where demand is robust. Leveraging Mivan technology and in-house execution, it is ensuring faster project execution, greater durability, and reduced labour and overhead costs. With a sizeable land bank in Tier II cities and a proven execution track record, it is best placed to sustain margin and capitalise on rising demand for branded and quality housing across Punjab. Ongoing and upcoming projects total ~14.8msf; launches seen till FY30 It has significantly scaled up given: i) the favourable market dynamics, ii) timely delivery of premium projects, and iii) strong demand for completed projects, leading to healthy collections and efficient capital recycling via internal accruals. It has 10 ongoing projects (eight residential and a commercial and plot each) with an inventory of ~4.8msf. Four upcoming projects (residential/commercial: three/ one), with a saleable area/GDV of 9.8msf/~INR5,120cr, will be launched by FY30. We expect the entire ongoing inventory to get liquidated by FY28-end. Expect a cash surplus of ~INR2,060cr over FY26–32; Net debt to equity to decline -0.1x in FY27 We expect ongoing and upcoming residential projects to generate a gross/net cash flow of INR8,283cr/INR2,060cr over FY26–32. We foresee a net D/E ratio of -0.1x by FY27 from 0.5x as of FY25on healthy internal accruals. Recommend buy with TP of Rs 1,448 We recommend Buy with a target price of Rs1,448 (upside of 36%). Our Buy recommendation is drive by 1. Well located land bank 2. Experienced management 3. Strong execution 4. Strong demand 5. Healthy cash flows 6. Comfortable balance sheet 7. Attractive valuations. Expect healthy cash flows aided by: i) the development of land parcels, ii) strong brand positioning, and iii) price premium in Punjab. We discount cash flows to FY26 to arrive at a NAV of INR3,539cr with a TP of INR1,448. Maintain BUY. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
Business Upturn
12-07-2025
- Business
- Business Upturn
AGI Infra secures registration from RERA for new housing project in Jalandhar
AGI Infra Limited has received official registration under the Real Estate (Regulation and Development) Act, 2016, from the Real Estate Regulatory Authority (RERA), Punjab. The registration, bearing number PBRERA-JAL33-PR1225 and dated July 11, 2025, pertains to the company's new residential group housing project named 'Prestige by AGI' located at Village Pholriwal in Jalandhar, Punjab. The approved project will feature a total of 713 residential units, including 701 3BHK apartments and 12 2BHK flats. The registration is valid until March 27, 2030. According to the company, this RERA approval marks a significant step forward in its expansion strategy and is expected to contribute positively to its future revenue and profitability, driven by the sale of units in this upcoming development. AGI Infra confirmed there has been no withdrawal, suspension, or cancellation of this license, and no penalties have been imposed. In the meantime, AGI Infra shares closed at ₹1,030.00 on Friday, slightly lower than the opening price of ₹1,033.00. During the day, the stock touched a high of ₹1,045.00, also its new 52-week high, and a low of ₹1,009.00. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
26-06-2025
- Business
- Mint
Multibagger stock to buy: AGI Infra shares give technical breakout logging 14% rally in one week. Do you own?
Multibagger stock to buy: AGI Infra shares have experienced a surge over the last week, gaining approximately 14%. Today, AGI Infra share price increased by more than 3%. On Wednesday, AGI Infra, a small-cap entity in the real estate sector, reached a new 52-week peak of ₹ 1,019.95 on the BSE. This achievement follows a remarkable performance over the past year, with AGI Infra stock rising by 131.69%, which significantly surpasses the Sensex's gain of only 5.68% during the same timeframe. AGI Infra share price today opened at an intraday high of ₹ 1,019 apiece on the BSE, the stock touched an intraday low of ₹ 974.45 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, AGI Infra share price has witnessed a sharp move this week, rallying over 10% and breaking out of a consolidation phase that had persisted since December. Bhosale believes that typically, such breakouts following prolonged ranges suggest the beginning of a fresh trending move. This stock, generally known for low volumes, saw muted activity during the consolidation. However, post-breakout, volumes have surged significantly, highlighting renewed investor interest. 'Technically, the momentum is building up—RSI has crossed above the 60 mark on both daily and weekly charts, confirming strong bullish sentiment. Given the previous consolidation range of around 200 points, the breakout could lead to an equivalent upside, pointing to potential near-term targets around 1150. On the downside, the recent swing low of 850 acts as a critical support and can be considered as a stop-loss level,' said Rajesh Bhosale. AGI Infra is a well-known company based in Punjab that has been active in the construction sector for over ten years. The company has completed numerous high-rise building projects in Punjab, encompassing both residential and commercial developments. It has built a solid reputation in the real estate market in Punjab by creating diverse projects that emphasize innovative design, effective project management, and quality construction.
