Highway Infrastructure Ltd
Incorporated in 2006, Highway Infrastructure Ltd is in the tollway collection, EPC Infra-projects, and real estate business.[1]
- Market Cap ₹ 616 Cr.
- Current Price ₹ 85.8
- High / Low ₹ 135 / 84.3
- Stock P/E 31.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 20.8 %
- ROE 18.9 %
- Face Value ₹ 5.00
Pros
Cons
- Promoter holding has decreased over last quarter: -24.9%
* 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
Services Services Transport Infrastructure Road AssetsToll, Annuity, Hybrid-Annuity
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 147 | 292 | 266 | 573 | 496 | |
| 132 | 275 | 247 | 534 | 464 | |
| Operating Profit | 15 | 17 | 19 | 39 | 31 |
| OPM % | 10% | 6% | 7% | 7% | 6% |
| 1 | 3 | 4 | 3 | 9 | |
| Interest | 4 | 6 | 5 | 9 | 7 |
| Depreciation | 3 | 3 | 2 | 3 | 2 |
| Profit before tax | 10 | 11 | 15 | 30 | 30 |
| Tax % | 22% | 26% | 22% | 28% | 26% |
| 8 | 8 | 12 | 21 | 22 | |
| EPS in Rs | 8.02 | 8.64 | 12.18 | 19.69 | 3.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 29 |
| Reserves | 44 | 53 | 65 | 84 | 84 |
| 28 | 43 | 47 | 70 | 72 | |
| 42 | 35 | 19 | 39 | 47 | |
| Total Liabilities | 124 | 140 | 141 | 203 | 232 |
| 17 | 30 | 14 | 28 | 25 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 18 | 1 | 15 | 0 | 0 |
| 89 | 109 | 112 | 175 | 207 | |
| Total Assets | 124 | 140 | 141 | 203 | 232 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -5 | -0 | 0 | 14 | -5 | |
| -2 | 0 | -1 | -6 | 12 | |
| 8 | -0 | 0 | -3 | -5 | |
| Net Cash Flow | 1 | -0 | -1 | 5 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 31 | 20 | 31 | 17 | 29 |
| Inventory Days | 122 | ||||
| Days Payable | 51 | ||||
| Cash Conversion Cycle | 102 | 20 | 31 | 17 | 29 |
| Working Capital Days | 88 | 55 | 74 | 27 | 56 |
| ROCE % | 18% | 18% | 27% | 21% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Sep - Contract to operate Rajasthan 4-lane expressway toll plaza; Rs18,96,99,930; takeover Sept 11, 2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Sep - Contract to operate Muzaina Hetim toll plaza for Rs69.78 crore; takeover Oct 18, 2025; 365-day term.
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Announcement under Regulation 30 (LODR)-Change in Management
6 Sep - Appointed Riddharth Jain as CEO effective September 6, 2025; updated KMP list.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)
5 Sep - CEO Ankit Tandon resigned effective September 5, 2025, to pursue entrepreneurial journey.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Sep - NHAI awarded Highway Infrastructure ₹18.97 crore LOA for 4-lane expressway user-fee operation, 90-day execution.
Business Overview:[1]
HIL is an infrastructure development and management company engaged in toll collection, EPC infrastructure projects, and real estate. It operates tollways across 11 states and 1 Union Territory, including the Delhi–Meerut Expressway, where it uses ANPR technology. The company employs advanced electronic toll systems integrating RFID tags and digital payments, enabling contactless, efficient, and error-free toll transactions.