One of the infra stocks engaged in the business of engineering, procurement, and construction (EPC) services, maintenance of roads, bridges, flyovers, and other infrastructure contract works. The stock has jumped 4.66 percent after incorporating its subsidiary of H.G. Banaskantha Bess Private Limited.
Stock Price Movement:
In Wednesday’s trading session, H.G. Infra Engineering Limited‘s share jumped to an intraday high of 4.66 from the previous close of Rs. 1,420.70. The stock opened at Rs. 1,439.95 and is currently trading at Rs. 1,446.50, with a high of Rs. 1,486.90 and a low of Rs. 1,426.70. The market capitalization now stands at approximately Rs. 9,427 crore.
What Happened:
H.G. Infra Engineering Limited has incorporated a wholly owned subsidiary, H.G. Banaskantha Bess Private Limited. The subsidiary, with an authorized and subscribed capital of Rs. 15,00,000, is focused on the battery energy storage system industry. The company holds 100% control on H.G. Banaskantha Bess Private Limited
Orderbook
H.G. Infra Engineering Limited has a robust and diversified order book, standing at Rs. 16,623.5 crore as of September 2024. The company’s order book is primarily driven by projects in the roads and highways sector, which account for Rs. 12,362.60 crore, or 74.15 percent of the total order book. In the railway and metro segment, the company has an order book of Rs. 2,386.7 crore, and in solar, it has an order of Rs. 1,910.8 crore.
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Expanding HAM Projects:
H.G. Infra Engineering Limited is expanding its presence in the HAM (Hybrid Annuity Model) infrastructure projects across multiple states. Key projects include the Rewari Bypass in Haryana, Khammam Devarapalli packages in Telangana, and Raipur Visakhapatnam AP-1 in Andhra Pradesh, with cumulative lengths exceeding 200 km and sanctioned debt of over Rs. 4,368.5 crore.
Recent quarter results and ratios:
H.G. Infra Engineering Limited’s revenue has decreased from Rs. 955 crore in Q2 FY24 to Rs. 902 crore in Q2 FY25, which has down by 5.55 percent. The net profit of H.G. Infra Engineering Limited has down by 15.63 percent, from Rs. 96 crore in Q2 FY24 to Rs. 81 crore in Q2 FY25.
H.G. Infra Engineering Limited’s revenue and net profit have grown at a CAGR of 21.71 percent and 33.52 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 24.1 percent and 24.1 percent, respectively. The debt-to-equity ratio of the company is to be 0.91x. H.G. Infra Engineering Limited’s EPS is to be Rs. 82.2.
Company Overview:
H.G. Infra Engineering Limited is an Indian company specializing in the construction, development, and management of infrastructure projects. Focused on EPC and hybrid annuity model (HAM) projects, it undertakes roads, bridges, flyovers, railways, runways, and water pipelines. Operating across multiple states, its key projects include Gurgaon Sohna, Narnaul Bypass, and Jodhpur-Marwar.
Written By – Nikhil Naik
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