H.G. Infra Engineering Ltd

H.G. Infra Engineering Ltd

₹ 918 2.70%
19 Mar 9:45 a.m.
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

Services
The Co is majorly engaged in road construction activities through EPC Business with selective focus on Hybrid Annuity Model (HAM) Projects. The Co is also pre-qualified to independently bid for large EPC Projects and HAM Projects. [1]

  • Market Cap 5,982 Cr.
  • Current Price 918
  • High / Low 1,019 / 746
  • Stock P/E 13.3
  • Book Value 299
  • Dividend Yield 0.13 %
  • ROCE 31.9 %
  • ROE 26.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 37.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
  • Company's median sales growth is 31.9% of last 10 years

Cons

  • Contingent liabilities of Rs.1,755 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
734 1,031 912 753 922 1,026 1,066 752 1,131 1,470 1,271 869 1,346
616 861 763 628 770 869 903 631 942 1,232 1,067 731 1,132
Operating Profit 118 169 149 125 152 157 162 121 189 238 205 138 214
OPM % 16% 16% 16% 17% 16% 15% 15% 16% 17% 16% 16% 16% 16%
3 5 3 2 2 3 3 3 4 8 4 2 109
Interest 14 19 12 12 12 16 14 14 16 19 17 22 23
Depreciation 22 23 20 21 22 22 20 24 26 26 31 35 37
Profit before tax 86 132 120 93 120 122 131 86 151 200 160 83 264
Tax % 23% 26% 26% 25% 26% 25% 26% 25% 26% 26% 26% 26% 22%
66 98 89 70 89 91 98 65 111 148 118 62 205
EPS in Rs 10.06 14.99 13.64 10.72 13.64 13.98 14.98 9.92 17.10 22.66 18.16 9.46 31.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
124 154 286 324 712 1,056 1,393 2,010 2,196 2,535 3,615 4,419 4,957
118 145 248 279 634 932 1,185 1,707 1,854 2,116 3,029 3,708 4,162
Operating Profit 6 9 39 45 78 124 208 303 342 419 586 710 795
OPM % 5% 6% 13% 14% 11% 12% 15% 15% 16% 17% 16% 16% 16%
0 0 1 2 2 3 5 12 14 7 7 18 123
Interest 0 0 9 13 16 19 40 49 52 60 53 63 80
Depreciation 0 0 11 14 18 26 54 75 76 84 85 96 129
Profit before tax 6 9 20 20 46 83 119 190 228 282 455 569 708
Tax % 0% 0% 33% 33% 35% 36% 29% 35% 27% 25% 25% 26%
6 9 13 13 30 53 84 124 166 211 339 421 533
EPS in Rs 22.15 11.68 10.75 8.85 16.75 29.64 12.93 18.96 25.43 32.37 51.98 64.66 81.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 4% 3% 0% 2% 2% 2%
Compounded Sales Growth
10 Years: 30%
5 Years: 26%
3 Years: 26%
TTM: 25%
Compounded Profit Growth
10 Years: 41%
5 Years: 38%
3 Years: 36%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: 26%
3 Years: 49%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 26%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 8 12 15 18 18 65 65 65 65 65 65 65
Reserves 17 25 39 54 105 158 476 594 756 967 1,299 1,713 1,885
30 60 89 92 123 204 408 380 371 290 316 507 606
27 42 47 65 130 192 535 529 876 858 700 1,224 1,020
Total Liabilities 76 134 187 227 375 572 1,484 1,568 2,068 2,181 2,380 3,509 3,576
38 69 94 98 116 204 412 462 482 483 459 635 737
CWIP 0 0 0 0 5 1 9 0 11 2 2 72 1
Investments 0 0 0 0 0 0 0 20 91 261 354 745 518
38 65 92 129 254 367 1,064 1,086 1,484 1,435 1,565 2,058 2,320
Total Assets 76 134 187 227 375 572 1,484 1,568 2,068 2,181 2,380 3,509 3,576

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 10 17 64 -8 86 255 527 114 587
-20 -37 -35 -114 -446 -11 -162 -270 -173 -683
10 25 26 62 443 -78 -72 -141 -34 117
Net Cash Flow -3 -2 8 13 -11 -3 21 116 -93 22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 16 59 32 40 47 63 113 113 134 94 70 72
Inventory Days 43 57 44 71 48 43 52 37 40
Days Payable 54 60 78 187 142 222 128 88 123
Cash Conversion Cycle 16 59 32 29 44 29 -3 19 -45 18 20 -11
Working Capital Days 0 20 60 60 35 28 51 62 71 54 67 51
ROCE % 12% 25% 22% 33% 24% 24% 25% 27% 34% 32%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.53% 74.53% 74.53% 74.53% 74.53% 74.53% 74.53% 74.53% 74.53% 74.53% 74.53% 74.53%
0.12% 0.47% 2.16% 1.26% 0.74% 0.58% 0.62% 0.57% 1.34% 1.59% 1.67% 1.56%
18.19% 16.49% 14.65% 13.94% 14.07% 14.16% 13.86% 14.04% 14.01% 13.14% 13.05% 12.45%
7.16% 8.51% 8.66% 10.27% 10.66% 10.73% 10.99% 10.87% 10.12% 10.73% 10.74% 11.47%
No. of Shareholders 20,33924,76736,48456,36363,36568,72770,95061,72561,42875,48477,39078,475

* 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.

Click on the line-items to see the names of individual entities.

Documents

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