H.G. Infra Engineering Ltd

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H.G. Infra Engg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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H.G. Infra Engineering Ltd

₹ 453 -3.19%
25 Sep - close price
hginfra.com BSE: 541019 NSE: HGINFRA
About

H.G. Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure Company engaged in the business of Engineering, Procurement and Construction (EPC) Services, Maintenance of roads, bridges, flyovers and other infrastructure contract works. [1]

Key Points

Service Offerings[1] [2]
The company is an infrastructure EPC contractor specialising in road construction, with active diversification into railways, metro, solar power, battery energy storage systems (BESS), power transmission, and building construction. The company executes projects across HAM and EPC modes, with government clients constituting the dominant share of its order book. It has delivered projects in more than 14 states across India over its 23-year operating history.

The company operates a fleet of 3,000+ modern construction equipment assets and holds an AA-class contractor accreditation from the Public Works Department of the Government of Rajasthan and an SS-class registration with Military Engineer Services. [3] [4]

Website BSE NSE
  • Market Cap ₹ 2,953 Cr.
  • Current Price ₹ 453
  • High / Low ₹ 976 / 430
  • Stock P/E 13.0
  • Book Value ₹ 500
  • Dividend Yield 0.44 %
  • ROCE 14.2 %
  • ROE 9.76 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.91 times its book value
  • Company's working capital requirements have reduced from 51.6 days to 39.9 days

Cons

  • Dividend payout has been low at 2.47% of profits over last 3 years
  • Debtor days have increased from 86.0 to 110 days.

* 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 Nifty Smallcap 500 BSE Industrials BSE 1000 Nifty Total Market Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1,271 869 1,346 1,635 1,506 1,064 1,509 1,973 1,709 1,154 1,450 1,354 907
1,067 731 1,132 1,370 1,263 890 1,258 1,690 1,474 1,007 1,225 1,227 830
Operating Profit 205 138 214 265 243 174 250 283 236 147 224 127 77
OPM % 16% 16% 16% 16% 16% 16% 17% 14% 14% 13% 15% 9% 8%
4 2 109 5 3 3 2 64 2 17 3 78 33
Interest 17 22 23 19 22 23 30 41 38 39 51 50 43
Depreciation 31 35 37 38 35 36 36 37 33 34 35 35 30
Profit before tax 160 83 264 212 190 119 186 268 167 90 142 120 37
Tax % 26% 26% 22% 24% 26% 26% 27% 21% 25% 25% 32% 17% 23%
118 62 205 160 140 89 137 212 125 67 97 100 28
EPS in Rs 18.16 9.46 31.53 24.54 21.41 13.60 20.95 32.59 19.25 10.33 14.86 15.27 4.34
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
324 712 1,056 1,393 2,010 2,196 2,535 3,615 4,419 5,122 6,052 5,667 4,865
279 634 932 1,185 1,707 1,854 2,116 3,029 3,708 4,298 5,101 4,931 4,290
Operating Profit 45 78 124 208 303 342 419 586 710 824 951 736 575
OPM % 14% 11% 12% 15% 15% 16% 17% 16% 16% 16% 16% 13% 12%
2 2 3 5 12 14 7 7 18 118 72 98 131
Interest 13 16 19 40 49 52 60 53 63 81 116 178 184
Depreciation 14 18 26 54 75 76 84 85 96 141 144 136 134
Profit before tax 20 46 83 119 190 228 282 455 569 719 763 519 388
Tax % 33% 35% 36% 29% 35% 27% 25% 25% 26% 24% 24% 25%
13 30 53 84 124 166 211 339 421 545 577 389 292
EPS in Rs 8.85 16.75 29.64 12.93 18.96 25.43 32.37 51.98 64.66 83.70 88.55 59.71 44.80
Dividend Payout % 0% 0% 0% 4% 3% 0% 2% 2% 2% 2% 2% 3%
Compounded Sales Growth
10 Years: 23%
5 Years: 17%
3 Years: 9%
TTM: -22%
Compounded Profit Growth
10 Years: 26%
5 Years: 7%
3 Years: -11%
TTM: -56%
Stock Price CAGR
10 Years: %
5 Years: -7%
3 Years: -22%
1 Year: -52%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 16%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 15 18 18 65 65 65 65 65 65 65 65 65
Reserves 54 105 158 476 594 756 967 1,299 1,713 2,253 2,820 3,194
92 123 204 408 380 371 290 316 507 460 1,076 1,645
65 130 192 535 529 876 858 700 1,224 1,323 1,865 2,309
Total Liabilities 227 375 572 1,484 1,568 2,068 2,181 2,380 3,509 4,101 5,826 7,214
98 116 204 412 462 482 483 459 635 742 687 595
CWIP 0 5 1 9 0 11 2 2 72 4 3 0
Investments 0 0 0 0 20 91 261 354 745 628 1,369 1,812
129 254 367 1,064 1,086 1,484 1,435 1,565 2,058 2,727 3,767 4,806
Total Assets 227 375 572 1,484 1,568 2,068 2,181 2,380 3,509 4,101 5,826 7,214

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
64 -8 86 255 527 114 587 271 120 253
-114 -446 -11 -162 -270 -173 -683 -87 -696 -636
62 443 -78 -72 -141 -34 117 -146 494 374
Net Cash Flow 13 -11 -3 21 116 -93 22 38 -82 -9
Free Cash Flow -44 -260 -42 162 441 57 269 66 50 217
CFO/OP 71% 16% 47% 96% 142% 38% 105% 56% 35% 55%

Ratios

Standalone / View Consolidated

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 40 47 63 113 113 134 94 70 72 65 83 110
Inventory Days 43 57 44 71 48 43 52 37 40 48 74 69
Days Payable 54 60 78 187 142 222 128 88 123 135 173 266
Cash Conversion Cycle 29 44 29 -3 19 -45 18 20 -11 -22 -16 -87
Working Capital Days 60 4 -4 5 29 38 26 52 29 60 55 40
ROCE % 22% 33% 24% 24% 25% 27% 34% 32% 27% 24% 14%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Order Book (Backlog)
INR Million

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Geographic Presence (Number of States)
states
Order Inflow (Annual New Orders Received)
INR Million
Equity Invested in HAM Projects (Cumulative)
INR Million
HAM Project Bid Project Cost (BPC) - Total
INR Million
Order Book - Railways & Metros
INR Million
Order Book - Roads & Highways
INR Million
BESS Project Capacity (Tendered)
MWh

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.53% 74.53% 74.53% 74.53% 71.77% 71.78% 71.78% 71.78% 71.78% 71.78% 71.78% 71.78%
1.67% 1.56% 1.68% 2.04% 2.60% 2.76% 2.87% 2.43% 2.32% 1.92% 1.39% 1.37%
13.05% 12.45% 12.50% 12.13% 12.70% 12.14% 12.02% 11.65% 11.61% 11.14% 10.65% 10.11%
10.74% 11.47% 11.30% 11.30% 12.92% 13.31% 13.33% 14.13% 14.29% 15.16% 16.18% 16.74%
No. of Shareholders 77,39078,47585,5961,04,6921,33,1541,38,3601,37,4361,28,6021,29,2171,25,6211,21,7151,20,066

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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