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 ₹ 7,027 Cr.
- Current Price ₹ 1,078
- High / Low ₹ 1,880 / 921
- Stock P/E 14.2
- 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% | 0% |
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: | 40% |
3 Years: | 28% |
1 Year: | -39% |
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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Incorporation Of A Wholly Owned Subsidiary Company (Wos')
25 Jun - Incorporated wholly owned subsidiary for battery energy storage systems in Gujarat with Rs.15 lakh capital.
- Closure of Trading Window 24 Jun
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
23 Jun - H.G. Infra awarded Rs.117.77 Cr MES contract for Integrated Material Handling Facility, 30-month tenure.
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Announcement under Regulation 30 (LODR)-Acquisition
20 Jun - H.G. Infra invested Rs. 20.31 Cr in 8 solar subsidiaries via rights issue on June 20, 2025.
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Receipt Of Letter Of Intent From PFC Consulting Limited
20 Jun - Received LOI for transmission project in Odisha under tariff-based competitive bidding.
Annual reports
Concalls
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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]