H.G. Infra Engineering Ltd

H.G. Infra Engineering Ltd

₹ 926 0.38%
04 Mar 4:01 p.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 6,035 Cr.
  • Current Price 926
  • High / Low 1,019 / 736
  • Stock P/E 11.9
  • Book Value 331
  • Dividend Yield 0.14 %
  • ROCE 25.4 %
  • ROE 29.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 42.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.7%

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
751 1,059 941 785 958 1,065 1,106 796 1,185 1,535 1,351 955 1,365
619 864 766 630 773 872 907 635 947 1,238 1,070 734 1,136
Operating Profit 131 196 176 155 185 192 199 161 238 297 281 220 228
OPM % 18% 18% 19% 20% 19% 18% 18% 20% 20% 19% 21% 23% 17%
3 4 3 1 2 3 4 4 4 7 6 3 22
Interest 24 31 26 28 30 34 34 33 40 47 52 59 57
Depreciation 22 23 20 21 22 22 20 24 26 26 31 35 37
Profit before tax 89 147 133 107 136 139 148 108 177 231 203 129 156
Tax % 24% 24% 24% 30% 26% 25% 26% 24% 26% 26% 26% 26% 35%
68 111 101 75 101 104 109 82 131 171 150 96 102
EPS in Rs 10.40 17.05 15.50 11.43 15.43 15.95 16.79 12.57 20.08 26.23 23.08 14.75 15.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
741 1,056 1,393 2,014 2,217 2,610 3,751 4,622 5,206
663 932 1,185 1,710 1,864 2,125 3,040 3,727 4,179
Operating Profit 78 124 208 305 353 484 711 895 1,026
OPM % 11% 12% 15% 15% 16% 19% 19% 19% 20%
2 3 5 14 14 6 6 19 38
Interest 16 19 40 49 60 94 118 154 215
Depreciation 18 26 54 75 76 84 85 96 129
Profit before tax 46 83 119 194 231 312 515 665 719
Tax % 35% 36% 29% 34% 28% 24% 26% 26%
30 53 84 127 167 237 380 493 519
EPS in Rs 16.75 29.64 12.93 19.54 25.57 36.31 58.31 75.68 79.72
Dividend Payout % 0% 0% 4% 3% 0% 2% 2% 2%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 28%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 42%
3 Years: 43%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 48%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 29%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 18 18 65 65 65 65 65 65 65
Reserves 105 158 476 598 761 997 1,371 1,857 2,095
123 204 408 380 520 768 1,184 1,910 1,441
153 192 535 529 869 850 660 1,074 1,741
Total Liabilities 398 572 1,484 1,573 2,216 2,680 3,280 4,906 5,342
116 204 412 462 483 484 459 635 737
CWIP 5 1 9 0 11 2 2 72 1
Investments 0 0 0 3 0 0 0 10 10
277 367 1,064 1,108 1,722 2,195 2,819 4,189 4,594
Total Assets 398 572 1,484 1,573 2,216 2,680 3,280 4,906 5,342

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
64 -8 66 36 71 -322 -139
-114 -446 9 -85 -103 -66 -378
62 443 -78 71 152 293 562
Net Cash Flow 13 -11 -3 21 120 -95 44

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 46 63 113 111 113 81 62 58
Inventory Days 56 44 71 43 52 37 40
Days Payable 66 78 187 222 128 88 123
Cash Conversion Cycle 36 29 -3 111 -66 5 11 -26
Working Capital Days 50 28 51 66 113 101 85 96
ROCE % 33% 24% 24% 24% 26% 28% 25%

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.

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