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NSE:HGINFRA

H.G.INFRA ENGINEERING LTD

Construction › Construction·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹380.90
at close · 28 Oct 2026
▲ 0.15 (+0.04%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Board to approve September 2026 quarterly and half-year results · Results
  2. Routine compliance certificate filed with stock exchanges · Compliance
  3. H.G. Infra incorporates Section 8 SPV for PM-SETU ITI project · Strategic Transactions
All filings ↓
Ask Nexa about H.G.INFRA ENGINEERING LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as an EPC contractor building roads, railways, metro, solar, battery storage and power transmission projects. Construction accounted for 100% of segment revenue in the FY26 period, with EBIT of Rs 596.972 crore on segment revenue of Rs 5,666.677 crore. A separate Renewable Energy segment appears in historical trend data, recording Rs 111.996 crore of revenue for the year ending March 2026. The BRSR filing shows road construction makes up 97.86% of turnover and solar power 2.14%. Order book at the end of FY26 stood at about Rs 10,147 crore, with new orders of about Rs 4,504 crore secured during the year. Materials at 36% of revenue and other operating expenses at 38% are the largest cost components, with capex at 18.2% of revenue indicating an asset-heavy operating model. The company has been pruning its solar SPV portfolio, with several step-down subsidiaries struck off in mid-2026, while taking on a power transmission SPV (WR ER Part C) for Rs 5 lakh cash consideration.

Operating scale
Order book
Rs 10,147 croreFY26
New orders secured in FY26
Rs 4,504 croreFY26
Road construction share of turnover
97.86%FY26
Solar power share of turnover
2.14%FY26
Subsidiaries
Over 100, mostly solar project SPVsFY26
L-1 bid for Rajasthan ITI upgrade project
Rs 41 crore (company's 17.10% share of Rs 241 crore total)FY26
Who pays it
Central and state government agencies and public-sector counterparties awarding road, railway, metro, solar, BESS and power transmission contracts
Biggest cost
Materials and construction inputs at 36% of revenue, plus other operating expenses at 38% of revenue
Kind of business
Order-driven, asset-heavy civil construction EPC with growing exposure to renewables and power transmission
Where it sits
Active in roads, railways, metro, solar, battery storage and transmission segments, with a Rs 10,147 crore order book spanning these areas at the end of FY26
Market Cap
₹2,482 Cr
P / E (TTM)
13.3×
EV / EBITDA
7.4×
Div Yield
0.53%
Growth
15.0%▲
Revenue 5y CAGR
PAT +6.9% · EBITDA +17.3%
Quality
23.6%▲
ROCE (5y median)
ROE 21.9% (5y median) · margin 20.8%
Leverage
1.50·
Debt / Equity · moderate
Net debt ₹4,839 Cr
Revenue FY21→FY26
2.0×▲
Margin −2.8 pts
₹2,602 Cr → ₹5,235 Cr
Cash conversion
-0.42×▼
Operating cash ÷ profit · 5 yrs
₹-944 Cr on ₹2,247 Cr
Moves on a normal day
1.30%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#50/101
P/B#22/85
ROCE#66/107
ROE#39/87
Debt / Equity#82/87
EBITDA margin#39/88
Revenue growth#76/86
Profit growth#77/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Revenue compounding 15% a year over 5 years
Returns on capital 23.6% (5-year median)
#66 of 107 in Civil Construction on the latest reported figures · down from 23.8% in FY21
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Carries more debt than its peers — 1.50× equity
higher than 94% of its 87 Civil Construction peers
Over 5 years it reported ₹2,247 Cr of profit and an operating cash outflow of ₹944 Cr — -0.42×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

HGINFRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from H.G.INFRA ENGINEERING LTD's filed financials and exchange disclosures

What does H.G.INFRA ENGINEERING LTD do?

H.G.INFRA ENGINEERING LTD is a Construction company listed on NSE and BSE, trading under the symbol HGINFRA.

Is H.G.INFRA ENGINEERING LTD profitable?

Yes. Over the trailing twelve months H.G.INFRA ENGINEERING LTD reported a net profit of ₹186 Cr on revenue of ₹4,853 Cr.

Does H.G.INFRA ENGINEERING LTD pay a dividend?

Yes. The dividend yield is 0.53% at the current price. It paid out 4% of its profit as dividend in FY26.

Is H.G.INFRA ENGINEERING LTD debt-free?

No. It reported borrowings of ₹4,934 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹4,839 Cr after cash. Debt stands at 1.50× equity. That is higher than 94% of its 87 Civil Construction peers.

Is H.G.INFRA ENGINEERING LTD expensive compared with its peers?

On trailing P/E, H.G.INFRA ENGINEERING LTD ranks 50 of 101 in Civil Construction — cheaper than 51% of them, against an industry median of 13.5×. This is a position, not a valuation judgement.

How much does the H.G.INFRA ENGINEERING LTD share price move in a day?

On a typical session H.G.INFRA ENGINEERING LTD moves 1.30% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are H.G.INFRA ENGINEERING LTD's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track H.G.INFRA ENGINEERING LTD's announcements?

Every NSE and BSE filing by H.G.INFRA ENGINEERING LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.