H.G. Infra Engineering Ltd

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

H.G. Infra Engineering Ltd

₹ 547 -1.07%
22 Jul 3:28 p.m.
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 ₹ 3,562 Cr.
  • Current Price ₹ 547
  • High / Low ₹ 1,090 / 430
  • Stock P/E 12.0
  • Book Value ₹ 501
  • Dividend Yield 0.36 %
  • ROCE 11.3 %
  • ROE 9.56 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.11 times its book value
  • Company's median sales growth is 20.5% of last 10 years
  • Company's working capital requirements have reduced from 64.8 days to 33.2 days

Cons

  • Company has low interest coverage ratio.
  • Dividend payout has been low at 2.78% of profits over last 3 years

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,535 1,351 955 1,365 1,708 1,528 902 1,265 1,361 1,482 904 1,421 1,427
1,238 1,070 734 1,136 1,376 1,216 683 978 1,121 1,223 699 1,113 1,189
Operating Profit 297 281 220 228 333 312 220 287 239 259 206 309 237
OPM % 19% 21% 23% 17% 19% 20% 24% 23% 18% 18% 23% 22% 17%
7 6 3 22 6 4 4 4 20 2 13 4 60
Interest 47 52 59 57 48 57 62 75 71 95 108 129 137
Depreciation 26 31 35 37 38 35 36 36 37 36 40 44 48
Profit before tax 231 203 129 156 252 225 125 180 151 132 71 139 113
Tax % 26% 26% 26% 35% 25% 28% 36% 36% 3% 25% 27% 32% 25%
171 150 96 102 190 163 81 115 147 99 52 94 85
EPS in Rs 26.23 23.08 14.75 15.66 29.16 24.95 12.39 17.67 22.55 15.16 8.01 14.47 13.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
365 741 1,056 1,393 2,014 2,217 2,610 3,751 4,622 5,378 5,056 5,235
321 663 932 1,185 1,710 1,864 2,125 3,040 3,727 4,315 3,998 4,223
Operating Profit 44 78 124 208 305 353 484 711 895 1,064 1,058 1,012
OPM % 12% 11% 12% 15% 15% 16% 19% 19% 19% 20% 21% 19%
3 2 3 5 14 14 6 6 19 34 32 79
Interest 16 16 19 40 49 60 94 118 154 217 265 469
Depreciation 17 18 26 54 75 76 84 85 96 141 144 168
Profit before tax 14 46 83 119 194 231 312 515 665 740 681 455
Tax % 32% 35% 36% 29% 34% 28% 24% 26% 26% 27% 26% 27%
9 30 53 84 127 167 237 380 493 539 505 330
EPS in Rs 6.05 16.75 29.64 12.93 19.54 25.57 36.31 58.31 75.68 82.64 77.56 50.69
Dividend Payout % 0% 0% 0% 4% 3% 0% 2% 2% 2% 2% 3% 4%
Compounded Sales Growth
10 Years: 22%
5 Years: 15%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: 26%
5 Years: 5%
3 Years: -16%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -16%
1 Year: -49%
Return on Equity
10 Years: 21%
5 Years: 20%
3 Years: 16%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 18 18 65 65 65 65 65 65 65 65 65
Reserves 105 158 476 598 761 997 1,371 1,857 2,390 2,884 3,200
123 204 408 380 520 768 1,184 1,910 1,513 4,170 5,029
153 192 535 529 869 850 660 1,074 1,435 1,570 2,607
Total Liabilities 398 572 1,484 1,573 2,216 2,680 3,280 4,906 5,403 8,690 10,901
116 204 412 462 483 484 459 635 742 885 2,297
CWIP 5 1 9 0 11 2 2 72 14 1,349 740
Investments 0 0 0 3 0 0 0 10 10 12 12
277 367 1,064 1,108 1,722 2,195 2,819 4,189 4,637 6,444 7,852
Total Assets 398 572 1,484 1,573 2,216 2,680 3,280 4,906 5,403 8,690 10,901

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
64 -8 66 36 71 -322 -139 -311 -878 250
-114 -446 9 -85 -103 -66 -378 17 -1,461 -1,074
62 443 -78 71 152 293 562 319 2,310 832
Net Cash Flow 13 -11 -3 21 120 -95 44 26 -28 8
Free Cash Flow -44 -260 -63 -58 -16 -379 -457 -525 -2,415 -702
CFO/OP 71% 16% 40% 33% 31% -29% 4% -11% -62% 42%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 46 63 113 111 113 81 62 58 46 48 55
Inventory Days 56 44 71 43 52 37 40 48 69 36
Days Payable 66 78 187 222 128 88 123 135 196 150
Cash Conversion Cycle 36 29 -3 111 -66 5 11 -26 -41 -78 -59
Working Capital Days 50 -4 5 33 113 71 64 62 74 87 33
ROCE % 33% 24% 24% 24% 26% 28% 25% 24% 17% 11%

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 ・Standalone data

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

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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