H.G. Infra Engineering Ltd
NSE: HGINFRA BSE: 541019Infra
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]
₹600
52W: ₹430 — ₹1275
PE 8.53 · Book ₹470 · +28% vs bookMarket Cap₹3,908 Cr
Stock P/E8.53Price to Earnings
ROCE24.4%Return on Capital
ROE20.5%Return on Equity
Div. Yield0.33%Face Value ₹10
Shareholding Pattern
Promoters71.78%
FIIs1.39%
DIIs10.65%
Public16.18%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.53% | 71.77%▼2.8 | 71.78%▲0.0 | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% |
| FIIs | 2.04% | 2.6%▲0.6 | 2.76%▲0.2 | 2.87%▲0.1 | 2.43%▼0.4 | 2.32%▼0.1 | 1.92%▼0.4 | 1.39%▼0.5 |
| DIIs | 12.13% | 12.7%▲0.6 | 12.14%▼0.6 | 12.02%▼0.1 | 11.65%▼0.4 | 11.61%▼0.0 | 11.14%▼0.5 | 10.65%▼0.5 |
| Public | 11.3% | 12.92%▲1.6 | 13.31%▲0.4 | 13.33%▲0.0 | 14.13%▲0.8 | 14.29%▲0.2 | 15.16%▲0.9 | 16.18%▲1.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 869 | 1,346 | 1,635 | 1,506 | 1,064 | 1,509 | 1,973 | 1,709 | 1,154 | 1,450 |
| Expenses | 731 | 1,132 | 1,370 | 1,263 | 890 | 1,258 | 1,690 | 1,474 | 1,007 | 1,225 |
| Operating Profit | 138 | 214 | 265 | 243 | 174 | 250 | 283 | 236 | 147 | 224 |
| OPM % | 16% | 16% | 16% | 16% | 16% | 17% | 14% | 14% | 13% | 15% |
| Net Profit | 62 | 205 | 160 | 140 | 89 | 137 | 212 | 125 | 67 | 97 |
| EPS ₹ | 9.46 | 31.53 | 24.54 | 21.41 | 13.6 | 20.95 | 32.59 | 19.25 | 10.33 | 14.86 |
AI Insights
Revenue Trend
TTM revenue at ₹6,286Cr, up 3.9% YoY. OPM at 14%.
Debt Position
Borrowings at ₹1,652Cr. Debt-to-equity ratio: 0.55x. Moderate leverage.
Institutional Flow
DIIs: 10.65% (-2.49pp change). FIIs: 1.39% (-0.20pp change). Promoters hold 71.78%.
Margin & Efficiency
ROCE declining from 25% (Mar 2012) to 24% (Mar 2025). Working capital days: 55.
Valuation
PE 8.53x with 24.4% ROCE. Price is 28% above book value of ₹470. Dividend yield: 0.33%.
Recent Announcements
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulations 29 And 50 Of The SEBI (LODR) Regulations, 2015 1m
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 May - H.G. Infra received ₹3,931.11 crore Pune-Shirur highway contract from Welspun Enterprises; execution period 36 months.
- Announcement under Regulation 30 (LODR)-Credit Rating 28 Apr - ICRA reaffirmed H.G. Infra’s AA- Positive ratings on ₹5,600 crore facilities on April 27, 2026.
- Announcement under Regulation 30 (LODR)-Restructuring 23 Apr - H.G. Infra sold WOS H.G. Raipur Visakhapatnam OD-6 to Neo Infra Fund for Rs 282.24 crore on April 23, 2026.
- Incorporation Of A Wholly Owned Subsidiary Company (Wos) 19 Apr - H.G. Infra incorporated WOS H.G. Gobindpur Tangi Highway Pvt Ltd on April 4, 2026 for Rs.1,582.11 crore Odisha HAM project.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse