H.G. Infra Engineering Ltd
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]
- Market Cap ₹ 7,204 Cr.
- Current Price ₹ 1,105
- High / Low ₹ 1,880 / 921
- Stock P/E 14.6
- Book Value ₹ 453
- Dividend Yield 0.14 %
- ROCE 16.8 %
- ROE 18.3 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 23.2% of last 10 years
Cons
* 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 | |
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471 | 365 | 741 | 1,056 | 1,393 | 2,014 | 2,217 | 2,610 | 3,751 | 4,622 | 5,378 | 5,056 | |
420 | 321 | 663 | 932 | 1,185 | 1,710 | 1,864 | 2,125 | 3,040 | 3,727 | 4,315 | 3,998 | |
Operating Profit | 51 | 44 | 78 | 124 | 208 | 305 | 353 | 484 | 711 | 895 | 1,064 | 1,058 |
OPM % | 11% | 12% | 11% | 12% | 15% | 15% | 16% | 19% | 19% | 19% | 20% | 21% |
2 | 3 | 2 | 3 | 5 | 14 | 14 | 6 | 6 | 19 | 34 | 32 | |
Interest | 14 | 16 | 16 | 19 | 40 | 49 | 60 | 94 | 118 | 154 | 217 | 265 |
Depreciation | 13 | 17 | 18 | 26 | 54 | 75 | 76 | 84 | 85 | 96 | 141 | 144 |
Profit before tax | 26 | 14 | 46 | 83 | 119 | 194 | 231 | 312 | 515 | 665 | 740 | 681 |
Tax % | 33% | 32% | 35% | 36% | 29% | 34% | 28% | 24% | 26% | 26% | 27% | 26% |
17 | 9 | 30 | 53 | 84 | 127 | 167 | 237 | 380 | 493 | 539 | 505 | |
EPS in Rs | 11.26 | 6.05 | 16.75 | 29.64 | 12.93 | 19.54 | 25.57 | 36.31 | 58.31 | 75.68 | 82.64 | 77.56 |
Dividend Payout % | 0% | 0% | 0% | 0% | 4% | 3% | 0% | 2% | 2% | 2% | 2% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 30% |
5 Years: | 18% |
3 Years: | 10% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 49% |
5 Years: | 24% |
3 Years: | 9% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 43% |
3 Years: | 24% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 23% |
Last Year: | 18% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | ||
Reserves | 105 | 158 | 476 | 598 | 761 | 997 | 1,371 | 1,857 | 2,390 | 2,884 | ||
123 | 204 | 408 | 380 | 520 | 768 | 1,184 | 1,910 | 1,513 | 4,170 | |||
153 | 192 | 535 | 529 | 869 | 850 | 660 | 1,074 | 1,435 | 1,653 | |||
Total Liabilities | 398 | 572 | 1,484 | 1,573 | 2,216 | 2,680 | 3,280 | 4,906 | 5,403 | 8,773 | ||
116 | 204 | 412 | 462 | 483 | 484 | 459 | 635 | 742 | 885 | |||
CWIP | 5 | 1 | 9 | 0 | 11 | 2 | 2 | 72 | 14 | 1,349 | ||
Investments | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 10 | 10 | 12 | ||
277 | 367 | 1,064 | 1,108 | 1,722 | 2,195 | 2,819 | 4,189 | 4,637 | 6,527 | |||
Total Assets | 398 | 572 | 1,484 | 1,573 | 2,216 | 2,680 | 3,280 | 4,906 | 5,403 | 8,773 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
64 | -8 | 66 | 36 | 71 | -322 | -139 | -311 | -878 | ||||
-114 | -446 | 9 | -85 | -103 | -66 | -378 | 17 | -1,461 | ||||
62 | 443 | -78 | 71 | 152 | 293 | 562 | 319 | 2,310 | ||||
Net Cash Flow | 13 | -11 | -3 | 21 | 120 | -95 | 44 | 26 | -28 |
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 | 46 | 63 | 113 | 111 | 113 | 81 | 62 | 58 | 46 | 48 | ||
Inventory Days | 56 | 44 | 71 | 43 | 52 | 37 | 40 | 48 | 46 | |||
Days Payable | 66 | 78 | 187 | 222 | 128 | 88 | 123 | 135 | 129 | |||
Cash Conversion Cycle | 36 | 29 | -3 | 111 | -66 | 5 | 11 | -26 | -41 | -35 | ||
Working Capital Days | 50 | 28 | 51 | 66 | 113 | 101 | 85 | 96 | 102 | 156 | ||
ROCE % | 33% | 24% | 24% | 24% | 26% | 28% | 25% | 24% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
5 Jun - HG Infra invested Rs. 7.53 Cr in four solar subsidiaries via rights issue for business expansion.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report confirms full regulatory compliance for FY ended March 31, 2025.
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Receipt Of Letter Of Intent From Gujarat Urja Vikas Nigam Limited
28 May - Received LOI for 300 MW/600 MWh battery storage project in Gujarat, completion in 24 months.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 May
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Earnings Conference Call Audio Recording
23 May - Audio recording of Q4 & FY25 earnings call available on company website.
Annual reports
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Jul 2018Transcript PPT
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Mar 2018TranscriptNotesPPT
Service Offerings
The company specializes in road construction through its EPC business, with a selective focus on HAM projects. It has diversified into railways, metro, solar power, and water projects. It has completed 10+ HAM projects and is executing 26 projects across 13 states in India, supported by a fleet of 3,000+ modern equipment. [1] [2]