Hindustan Construction Company Ltd
Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. [1]
- Market Cap ₹ 4,961 Cr.
- Current Price ₹ 18.9
- High / Low ₹ 34.9 / 16.9
- Stock P/E
- Book Value ₹ 4.17
- Dividend Yield 0.00 %
- ROCE 25.2 %
- ROE -0.70 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -9.91% over past five years.
- Promoter holding is low: 16.7%
- Promoters have pledged or encumbered 78.9% of their holding.
- Earnings include an other income of Rs.657 Cr.
- Company has high debtors of 156 days.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -9.24%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,668 | 10,353 | 8,540 | 9,867 | 10,132 | 10,544 | 9,444 | 8,248 | 10,668 | 8,270 | 7,007 | 5,603 | 4,433 | |
| 8,830 | 9,108 | 7,500 | 9,103 | 9,401 | 9,763 | 8,600 | 7,857 | 9,480 | 7,722 | 6,336 | 4,969 | 3,902 | |
| Operating Profit | 838 | 1,244 | 1,040 | 764 | 731 | 781 | 844 | 391 | 1,188 | 548 | 671 | 634 | 531 |
| OPM % | 9% | 12% | 12% | 8% | 7% | 7% | 9% | 5% | 11% | 7% | 10% | 11% | 12% |
| 159 | 164 | 126 | -37 | -105 | -452 | 487 | -122 | 615 | 497 | 974 | 653 | 657 | |
| Interest | 1,091 | 1,280 | 1,220 | 1,543 | 1,525 | 808 | 817 | 1,001 | 1,036 | 1,012 | 813 | 600 | 536 |
| Depreciation | 307 | 327 | 250 | 206 | 201 | 177 | 152 | 136 | 138 | 128 | 105 | 164 | 129 |
| Profit before tax | -401 | -199 | -304 | -1,022 | -1,100 | -657 | 362 | -867 | 628 | -94 | 726 | 523 | 523 |
| Tax % | -4% | 14% | 76% | -4% | -1% | -92% | 46% | -30% | 10% | -71% | 34% | 78% | |
| -364 | -208 | -537 | -983 | -1,090 | -50 | 197 | -610 | 563 | -28 | 478 | 113 | 150 | |
| EPS in Rs | -1.92 | -1.04 | -2.42 | -3.15 | -3.37 | -0.21 | 0.81 | -2.52 | 2.33 | -0.12 | 1.98 | 0.43 | 0.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -10% |
| 3 Years: | -19% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 20% |
| 3 Years: | 4% |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 61 | 65 | 78 | 101 | 102 | 151 | 151 | 151 | 151 | 151 | 151 | 182 | 182 |
| Reserves | 496 | 459 | -560 | -369 | -1,170 | -1,151 | -910 | -1,469 | -810 | -866 | -320 | 724 | 910 |
| 11,150 | 11,880 | 9,495 | 9,780 | 9,456 | 4,108 | 4,253 | 4,777 | 2,018 | 5,512 | 2,223 | 1,679 | 1,610 | |
| 6,095 | 6,606 | 6,718 | 7,557 | 8,198 | 7,802 | 8,707 | 9,322 | 12,835 | 8,381 | 7,005 | 5,504 | 5,834 | |
| Total Liabilities | 17,801 | 19,010 | 15,730 | 17,069 | 16,586 | 10,910 | 12,200 | 12,781 | 14,194 | 13,178 | 9,059 | 8,088 | 8,537 |
| 3,233 | 4,494 | 1,865 | 1,713 | 1,729 | 575 | 771 | 866 | 723 | 623 | 449 | 242 | 235 | |
| CWIP | 3,645 | 3,135 | 1,696 | 1,890 | 1,714 | 169 | 178 | 2 | 1 | 0 | 1 | 7 | 9 |
| Investments | 159 | 273 | 601 | 476 | 417 | 181 | 356 | 418 | 59 | 79 | 246 | 110 | 201 |
| 10,763 | 11,108 | 11,568 | 12,990 | 12,726 | 9,985 | 10,895 | 11,496 | 13,411 | 12,475 | 8,364 | 7,729 | 8,092 | |
| Total Assets | 17,801 | 19,010 | 15,730 | 17,069 | 16,586 | 10,910 | 12,200 | 12,781 | 14,194 | 13,178 | 9,059 | 8,088 | 8,537 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 740 | 702 | 87 | 48 | 1,441 | 183 | 538 | 348 | 947 | 16 | 91 | 134 | |
| -1,270 | -843 | 180 | -59 | 71 | -5 | -18 | -83 | -208 | 448 | 536 | -72 | |
| 470 | -181 | -397 | 46 | -1,336 | -312 | -514 | 101 | -660 | -603 | -810 | 109 | |
| Net Cash Flow | -60 | -322 | -131 | 34 | 176 | -133 | 5 | 366 | 79 | -139 | -183 | 171 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 26 | 25 | 85 | 89 | 123 | 73 | 199 | 72 | 119 | 115 | 156 |
| Inventory Days | 2,007 | 2,442 | 876 | 1,093 | 813 | 283 | 201 | 179 | 183 | 52 | ||
| Days Payable | 656 | 1,248 | 1,073 | 1,451 | 1,185 | 1,229 | 1,301 | 1,093 | 1,035 | 847 | ||
| Cash Conversion Cycle | 1,379 | 1,220 | -172 | -273 | -282 | -824 | -1,027 | 199 | 72 | -795 | -738 | -640 |
| Working Capital Days | -27 | -58 | -58 | -23 | -150 | -43 | -127 | -72 | -40 | -24 | 22 | 17 |
| ROCE % | 6% | 8% | 7% | 6% | 7% | 12% | 29% | 11% | 50% | 16% | 21% | 25% |
Documents
Announcements
- Closure of Trading Window 1d
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Dec - Newspaper Publication in respect of Rights Issue.
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Outcome Of The Meeting Of The Securities Issuance Committee.
23 Dec - Allotment of 79,99,91,900 shares at Rs12.50 on Dec 23, 2025; paid-up capital rose to 261,94,68,062.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Dec - Dec 23, 2025: HCC ~₹1,000 crore rights issue subscribed 200%; applications ~₹2,008 crore; shares increase 79,99,91,900.
-
Intimation On Closure Of The Issue Period Of The Rights Issue Of Hindustan Construction Company Limited.
22 Dec - Rights issue up to Rs.999.99 Crore opened Dec 12, 2025; closed Dec 22, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Service Offerings
It is an engineering and construction company developing infrastructure projects including dams, tunnels, bridges, hydro, nuclear, thermal power plants, expressways and roads, marine works, water supply, irrigation systems, etc. It has contributed to India’s 26% hydropower capacity, over 60% of its nuclear power generation capacity, 4,036 lane km of roads and expressways, 395 bridges, and 360 km of advanced tunneling. [1] [2]
The total revenue declined by 18% YoY in FY24, driven by the divestment of Steiner AG’s construction business. [3] [4]