HG Infra Engineering
H.G. Infra Engineering Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for H.G. Infra Engineering Ltd, framed against the sector median so the premium or discount is obvious at a glance.
H.G. Infra Engineering Ltd trades at a P/E of 11.15× and P/B of 1.20×.
Valuation
Profitability
Growth
Financial Health
H.G. Infra Engineering Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for H.G. Infra Engineering Ltd, switchable between annual and quarterly views, consolidated or standalone.
H.G. Infra Engineering Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹3,740.82 Cr and reported EPS of ₹50.60.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,393 | 2,014 | 2,217 | 2,602 | 3,751 | 4,622 | 5,378 | 5,056 | 5,235 |
| Other Income | 5 | 11 | 14 | 15 | 7 | 18 | 18 | 14 | 28 |
| Total Income | 1,397 | 2,026 | 2,231 | 2,617 | 3,759 | 4,640 | 5,396 | 5,070 | 5,263 |
| Cost of Goods Sold (COGS) | 1,094 | 892 | 893 | 1,186 | 1,792 | 2,144 | 2,263 | 2,373 | 1,883 |
| Gross Profit | 299 | 1,123 | 1,324 | 1,417 | 1,960 | 2,479 | 3,115 | 2,684 | 3,352 |
| +Operating Expenses | 91 | 818 | 969 | 941 | 1,249 | 1,583 | 2,053 | 1,625 | 2,340 |
| EBITDA | 208 | 305 | 356 | 476 | 710 | 895 | 1,062 | 1,058 | 1,012 |
| +Non-Operating Expenses | 94 | 124 | 135 | 179 | 203 | 250 | 376 | 426 | 687 |
| Profit Before Tax (PBT) | 119 | 192 | 234 | 312 | 515 | 663 | 740 | 679 | 455 |
| +Tax Expense | 34 | 67 | 64 | 75 | 135 | 171 | 201 | 175 | 125 |
| Profit After Tax (PAT) | 84 | 127 | 167 | 237 | 380 | 493 | 539 | 505 | 330 |
| Earnings Per Share (EPS) | 12.93 | 19.54 | 25.57 | 36.31 | 58.31 | 75.68 | 82.64 | 77.56 | 50.69 |
| Diluted Shares Outstanding (Nos.) | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| +Additional Disclosures | 2,372 | 2,728 | 2,887 | 3,490 | 5,035 | 6,121 | 6,941 | 6,780 | 6,739 |
| Sales Growth % | — | 44.64 | 10.06 | 17.37 | 44.16 | 23.21 | 16.37 | -5.99 | 3.53 |
| YoY Sales Growth % | — | 44.64 | 10.06 | 17.37 | 44.16 | 23.21 | 16.37 | -5.99 | 3.53 |
| Material Cost % | 39 | 44 | 40 | 46 | 48 | 46 | 42 | 47 | 36 |
| Employee Cost % | 5 | 6 | 5 | 4 | 3 | 4 | 5 | 6 | 7 |
| Other Cost % | 1 | 35 | 39 | 32 | 30 | 30 | 33 | 26 | 38 |
| OPM % | 15 | 15 | 16 | 18 | 19 | 19 | 20 | 21 | 19 |
| Tax % | 29 | 35 | 28 | 24 | 26 | 26 | 27 | 26 | 27 |
| Profit Growth % | — | 51.12 | 30.84 | 42.04 | 60.59 | 29.77 | 9.20 | -6.16 | -34.74 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 154 | 229 | 280 | 391 | 625 | 799 | 921 | 914 | 845 |
HG Infra Engineering segment analysis: revenue and profit mix.
Disclosed business segments at HG Infra Engineering with their share of revenue and profit, switchable between consolidated and standalone reporting.
HG Infra Engineering discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
H.G. Infra Engineering Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy H.G. Infra Engineering Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
H.G. Infra Engineering Ltd's investment case rests on 7 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
H.G. Infra demonstrates strong profitability with an 18.3% Return on Equity (ROE) and a healthy 16.8% Return on Capital Employed (ROCE), indicating efficient capital utilization and robust operational performance.
The company exhibits a competitive valuation with a low Price-to-Earnings (PE) ratio of 14.00, significantly below many peers, suggesting potential undervaluation relative to its earnings power.
A substantial promoter holding of 71.8% signals strong insider confidence and commitment to the company's long-term strategic vision, which can reassure investors about stable governance.
H.G. Infra maintains a robust operating profit margin (OPM) of 20.10%, showcasing its ability to efficiently manage costs and generate healthy profits from its core civil construction operations.
The company operates in the Civil Construction sector, which is poised for growth driven by increasing government infrastructure spending and urban development projects, potentially boosting order books.
What can break it.
H.G. Infra carries a substantial debt burden, evidenced by a high debt-to-equity ratio of 1.41, which could limit financial flexibility and increase risk during economic downturns or rising interest rates.
The company experienced a significant decline in recent quarterly profit, with a -39.20% variation, raising concerns about the consistency of its earnings and requiring closer scrutiny of operational challenges.
The stock is currently trading near its 52-week low of 908.00, significantly down from its high of 1561.00, indicating considerable price depreciation and potential investor apprehension.
Recent quarterly sales show a -3.00% decline, suggesting a potential slowdown in revenue generation. This trend needs careful observation to understand its impact on future growth prospects.
A slight decrease in promoter shareholding from 74.53% to 71.78% over recent periods, while not drastic, warrants monitoring as it could signal a shift in insider confidence or strategic priorities.
What would change my mind.
Trim if P/E re-rates above 14. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 153.76. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
H.G. Infra Engineering Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — H.G. Infra Engineering Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
H.G. Infra Engineering Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for H.G. Infra Engineering Ltd — derived from the live tape, not yesterday's close.
H.G. Infra Engineering Ltd last traded at ₹575.2 with an intraday range of ₹571–₹582.05 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹575.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 603.27 | +28.07 | +4.88% |
| R3 | 592.22 | +17.02 | +2.96% |
| R2 | 587.13 | +11.93 | +2.07% |
| R1 | 581.17 | +5.97 | +1.04% |
| PIVOT | 576.08 | 0.88 | 0.15% |
| CURRENT | 575.20 | — | — |
| S1 | 548.02 | -27.18 | -4.73% |
| S2 | 559.07 | -16.13 | -2.80% |
| S3 | 565.03 | -10.17 | -1.77% |
| S4 | 570.12 | -5.08 | -0.88% |
HGINFRA is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 572.1 ~ 582.05
Trading Above opening range, showing Bullishness
H.G. Infra Engineering Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for H.G. Infra Engineering Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in H.G. Infra Engineering Ltd stood at 43.0% of traded volume, against a 20-day average of 36.7%.
HG Infra Engineering announcements: results, concalls, ratings, M&A.
Filings HG Infra Engineering sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
HG Infra Engineering files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 175 documents below.
Updates
H.G. Infra Engineering Limited has informed the Exchange regarding 'Receipt of Letter of Intent from REC Power Development and Consultancy Limited'.
Updates
H.G. Infra Engineering Limited has informed the Exchange regarding 'Receipt of Provisional Completion Certificate for the Project in the state of…
Analysts/Institutional Investor Meet/Con. Call Updates
H.G. Infra Engineering Limited has informed the Exchange about Transcript
Updates
H.G. Infra Engineering Limited has informed the Exchange regarding 'Declaration of Appointed date by National Highways Authorities of India'.
Copy of Newspaper Publication
H.G. Infra Engineering Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Credit Rating
HG Infra Engineering dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue HG Infra Engineering has declared, sequenced by announce and record date.
HG Infra Engineering corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About H.G. Infra Engineering Ltd: business, sector, key facts.
What H.G. Infra Engineering Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
H.G. Infra Engineering Ltd operates in the Industrials, listed as NSE: HGINFRA, BSE: 541019.
H.G. Infra Engineering Limited (HGINFRA) is an Indian company specializing in the engineering, procurement, and construction (EPC) business. Their core operations revolve around delivering turnkey and hybrid annuity model projects within the civil construction and broader infrastructure sectors. This means they handle all aspects of a project from initial design and material sourcing to final construction and handover, often taking on the financial risk associated with the entire project lifecycle under the turnkey model. The hybrid annuity model blends the risks and responsibilities between the company and the client.
The company's project portfolio is diverse and includes a wide range of infrastructure development activities. Their expertise spans road and highway construction, encompassing the building of bridges and flyovers. They also undertake railway network projects, contributing to the development of both national and potentially regional rail infrastructure. Beyond roadways and railways, HGINFRA's capabilities extend to the metro rail sector, reflecting a broader commitment to urban transportation infrastructure development. This diversification helps mitigate risk by not being overly reliant on any single project type or client.
Further expanding their reach beyond traditional civil works, HGINFRA is involved in the development of solar power plants. This signifies an engagement in renewable energy projects, aligning with broader trends toward sustainable infrastructure development. The company also participates in water sector projects, indicating a presence in essential public utility infrastructure, likely encompassing water treatment, distribution networks, or related civil works. This diversification into different energy and water infrastructure segments provides additional revenue streams and opportunities for growth.
Founded in 2003 and headquartered in Jaipur, India, HGINFRA's long-standing presence in the Indian market showcases their experience and established network of clients and subcontractors. Their ability to successfully manage diverse and complex projects across multiple sectors highlights their strong project management capabilities and expertise in navigating the regulatory landscape of the Indian infrastructure market. The company's continued success depends on securing new contracts and effectively executing projects within budget and timeline constraints, while adapting to the ever-evolving demands of the infrastructure sector.
Questions investors ask about H.G. Infra Engineering Ltd (HGINFRA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of H.G. Infra Engineering Ltd (HGINFRA)?
The current share price of H.G. Infra Engineering Ltd (HGINFRA) is ₹575.2. Today, the stock has gained by ₹12.30 (2.19%), trading in a range of ₹571 to ₹582.05. The stock opened at ₹572.8 with a trading volume of 1,79,713 shares.
02Is H.G. Infra Engineering Ltd stock a good investment for long-term?
H.G. Infra Engineering Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,740.82 crores, P/E ratio of 11.15, ROE of 10.59%, and ROCE of 16.80%. The dividend yield stands at 0.36%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of H.G. Infra Engineering Ltd stock?
The 52-week high price of H.G. Infra Engineering Ltd (HGINFRA) is ₹1,143, while the 52-week low is ₹429.5. Currently trading at ₹575.2, the stock is 20.4% away from its 52-week low and 49.7% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy H.G. Infra Engineering Ltd stock at the current price?
Whether to buy H.G. Infra Engineering Ltd stock at ₹575.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.15 and P/B ratio of 1.20. Today's performance shows a gain of 2.19%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of H.G. Infra Engineering Ltd and when is the next dividend?
H.G. Infra Engineering Ltd offers a dividend yield of 0.36%, which means for every ₹100 invested at the current price of ₹575.2, you can expect to receive approximately ₹0.36 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of H.G. Infra Engineering Ltd?
H.G. Infra Engineering Ltd's key financial metrics include: P/E Ratio: 11.15, P/B Ratio: 1.20, ROE: 10.59%, ROCE: 16.80%, Dividend Yield: 0.36%, EPS: ₹50.60, Book Value: ₹470.35, and Debt-to-Equity: 153.26. The company's market cap stands at ₹3,740.82 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is H.G. Infra Engineering Ltd stock performing today in the market?
H.G. Infra Engineering Ltd stock opened at ₹572.8 and is currently trading at ₹575.2, showing a gain of ₹12.30 (2.19%). The intraday high is ₹582.05 and low is ₹571. The trading volume stands at 1,79,713 shares, indicating moderate market participation today.
08What is the P/E ratio of H.G. Infra Engineering Ltd and what does it indicate?
H.G. Infra Engineering Ltd has a Price-to-Earnings (P/E) ratio of 11.15, which means investors are willing to pay ₹11.15 for every ₹1 of earnings. With an EPS of ₹50.60, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about H.G. Infra Engineering Ltd (HGINFRA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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