Hindustan Construction Co
NSE: HCC · Civil Construction · sector
₹17.32NSE close 2026-10-26
Key numbers
Market cap₹4,537 cr
Price₹17.32
52w high / low₹30 / ₹14
P/E22.8xSector median 12.2x
P/B2.1xSector median 1.3x
Book value₹8.1
Dividend yield–Sector median 0.76%
ROE10.9%Sector median 10.2%
ROCE20.7%Sector median 12.9%
OPM13.6%Sector median 10.7%
Debt / equity0.48xSector median 0.36x
EV/EBITDA9.4xSector median 8.8x
Interest cover1.5x
Current ratio1.14x
Sales growth 3y-26.1%Sector median +6.7%
Profit growth 3y–Sector median +5.8%
PEG755.79x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹599 cr vs borrowings ₹1,019 cr (FY26): borrowings are higher by ₹420 cr.
- Borrowings fell in each of the last 3 years (₹5,295 cr → ₹1,019 cr).
- Operating profit covered interest 1.5x in the last 12 months.
- 82.43% of the promoters' shares are pledged (13.3% of all shares).
- Promoter holding fell by 0.54 percentage points in a year, to 16.17% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 88% of net profit in the last 12 months.
- Debtor days went from 115 (FY24) to 207 (FY26).
- No dividend in the last 5 financial years.
- Price ₹17.32 on 2026-10-26: -41.3% from the 52-week high, +26.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹45.15 · low ₹14.23
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,407 | 1,007 | 1,374 | 1,091 | 961 | 925 | 992 | 993 |
| EBITDA | 242 | 499 | 429 | 179 | 148 | 105 | 171 | 105 |
| OPM % | 17.2% | 49.6% | 31.3% | 16.4% | 15.4% | 11.3% | 17.2% | 10.5% |
| Other income | 26 | 59 | 18 | 27 | 23 | 36 | 25 | 62 |
| Net profit | 64 | -39 | 90 | 51 | 48 | 8 | 59 | 51 |
| EPS (₹) | 0.38 | -0.23 | 0.50 | 0.28 | 0.26 | 0.04 | 0.27 | 0.19 |
| Revenue YoY | -31.7% | -8.1% | -27.8% | -9.0% | ||||
| Profit YoY | -25.3% | – | -34.6% | +0.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 10,670 | 9,857 | 7,007 | 5,603 | 3,970 | 3,872 |
| EBITDA | 1,299 | 986 | 1,522 | 1,323 | 603 | 528 |
| Net profit | 420 | -28 | 478 | 113 | 166 | 166 |
| EPS (₹) | 2.69 | -0.19 | 3.16 | 0.66 | 0.75 | 0.76 |
| Revenue growth | -7.6% | -28.9% | -20.0% | -29.2% | -20.6% | |
| Profit growth | -106.6% | – | -76.4% | +47.0% | +0.0% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -26.2% | -13.6% | -20.6% |
| Net profit | – | – | 0.0% |
| EPS | – | – | – |
| Share price | – | -32.9% (2y) | -35.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -714 | -168 | 906 | 2,127 |
| Borrowings | – | 5,295 | 2,126 | 1,679 | 1,019 |
| Cash & equivalents | – | 1,154 | 513 | 752 | 599 |
| Total assets | – | 13,180 | 9,059 | 8,088 | 8,492 |
| Fixed assets | – | 605 | 378 | 186 | 192 |
| Capital work in progress | – | 0 | 1 | 7 | 19 |
| Investments | – | 19 | 245 | 35 | 58 |
| Receivables | – | 2,181 | 2,204 | 2,388 | 2,253 |
| Inventory | – | 491 | 436 | 128 | 133 |
| Payables | – | 3,023 | 2,473 | 2,092 | 2,027 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 946 | 17 | 91 | 134 | 892 |
| Cash from investing | -224 | 425 | 825 | -35 | -364 |
| Cash from financing | -660 | -603 | -1,124 | 73 | -697 |
| Capex | 89 | 215 | 19 | 18 | 81 |
| Free cash flow | 856 | -198 | 72 | 116 | 811 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 3.9% | -283.8% | 12.4% | 7.8% |
| ROCE % | – | 19.9% | 79.2% | 49.6% | 21.8% |
| Debtor days | – | 81 | 115 | 156 | 207 |
| Inventory days | – | 179 | 183 | 52 | 92 |
| Payable days | – | 1,105 | 1,035 | 847 | 1,405 |
| Cash conversion cycle (days) | – | -845 | -737 | -639 | -1,106 |
| Working capital days | – | 22 | 48 | 65 | 60 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 16.17% |
| FIIs | 10.26% |
| DIIs | 3.22% |
| of which Mutual funds | 0.23% |
| of which Insurance | 0.02% |
| Government | 0.00% |
| Public (non-institutions) | 70.35% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 16.72% | 16.72% | 16.72% | 16.71% | 16.81% | 16.72% | 16.17% | 16.17% |
| Promoter group | % |
|---|---|
| Hincon Holdings Ltd | 8.26% |
| Maharani Holdings Private Limited | 5.32% |
| Hincon Finance Limited | 2.43% |
| Ajit Gulabchand | 0.08% |
| Arjun Dhawan | 0.04% |
| Shalaka Investment Pvt Ltd | 0.02% |
| Shalaka Gulabchand Dhawan | 0.01% |
| Anjani Ashwin Parekh | 0.01% |
| Western Securities Ltd | 0.00% |
| Arya Capital Management Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Mukul Mahavir Agrawal | 1.91% |
| India Insight Value Fund | 1.56% |
| Vanguard Total International Stock Index Fund | 1.18% |
| Canara Bank-Mumbai | 1.12% |
| Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds | 1.11% |
| Ishares Core Msci Emerging Markets Etf | 1.10% |
7,20,839 shareholders. Pledged: 82.43% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| HCC | ₹4,537 cr | 22.8x | 2.1x | 10.9% | 20.7% | 13.6% | -26.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Engineering and construction | ₹3,937 cr | 98.6% | ₹309 cr | 7.8% |
| Infrastructure | ₹54 cr | 1.3% | ₹50 cr | 93.0% |
| Others | ₹3 cr | 0.1% | ₹-136 cr | -4,130.9% |
| Real estate | ₹0 cr | 0.0% | ₹0 cr | 1,100.0% |
| Unallocable Revenue | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-12-05 | Rights | Rights 277:630 @ Premium Rs 11.50/- |
| 2024-09-10 | Other | Annual General Meeting |
| 2024-03-15 | Rights | Rights 13:118 @ Premium Rs 20/- |
| 2023-08-23 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-15 | Other | Annual General Meeting |
| 2020-12-16 | Other | Annual General Meeting |
| 2019-09-18 | Other | Annual General Meeting |
| 2018-11-20 | Rights | Rights 49:100 @ Premium Rs 9/- |
| 2018-07-04 | Other | Annual General Meeting |
| 2017-06-28 | Other | Annual General Meeting |
| 2016-07-05 | Other | Annual General Meeting |
| 2015-07-08 | Other | Annual General Meeting |
| 2014-06-13 | Other | Annual General Meeting |
| 2013-06-12 | Other | Annual General Meeting |
| 2012-06-01 | Other | Annual General Meeting |
| 2011-05-30 | Dividend | Annual General Meeting And Dividend Re.0.40 Per Share |
| 2010-08-10 | Bonus | Bonus 1:1 |
| 2010-05-28 | Dividend | Agm/Dividend Re.0.80 Per Share |
| 2009-05-27 | Other | Agm/Div-Re0.80 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Infrastructure: Engineering, Procurement and Construction of Roads, Railways, Metros, Elevated Corridors, Water Supply and Distribution, Irrigation Projects, Hydel Power, Nuclear Power and Process Plants.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | HCC |
| BSE code | 500185 |
| ISIN | INE549A01026 |
| Face value | ₹1.0 |
| Incorporated | 1926-01-27 |
| Website | www.hccindia.com |
| Plants (India / abroad) | 26 / 1 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.