H.g.infra Engineering Ltd
NSE: HGINFRA · Civil Construction · sector
₹377.65NSE close 2026-10-26
Key numbers
Market cap₹2,461 cr
Price₹377.65
52w high / low₹943 / ₹378
P/E13.2xSector median 12.2x
P/B0.8xSector median 1.3x
Book value₹501.0
Dividend yield0.53%Sector median 0.76%
ROE6.0%Sector median 10.2%
ROCE9.9%Sector median 12.9%
OPM19.8%Sector median 10.7%
Debt / equity1.51xSector median 0.36x
EV/EBITDA7.4xSector median 8.8x
Interest cover1.7x
Current ratio1.11x
Sales growth 3y+4.2%Sector median +6.7%
Profit growth 3y-12.5%Sector median +5.8%
PEG–
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 ₹254 cr vs borrowings ₹4,934 cr (FY26): borrowings are higher by ₹4,680 cr.
- Operating profit covered interest 1.7x in the last 12 months.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹377.65 on 2026-10-26: -60.0% from the 52-week high, 0.0% 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 ₹1,548.65 · low ₹377.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 902 | 1,265 | 1,361 | 1,482 | 904 | 1,421 | 1,427 | 1,101 |
| EBITDA | 220 | 287 | 256 | 260 | 206 | 309 | 288 | 157 |
| OPM % | 24.3% | 22.7% | 18.8% | 17.5% | 22.8% | 21.7% | 20.2% | 14.3% |
| Other income | 4 | 3 | 3 | 2 | 13 | 4 | 9 | 5 |
| Net profit | 81 | 115 | 147 | 99 | 52 | 94 | 85 | -45 |
| EPS (₹) | 12.38 | 17.66 | 22.56 | 15.23 | 7.95 | 14.44 | 12.99 | -6.83 |
| Revenue YoY | +0.2% | +12.4% | +4.8% | -25.7% | ||||
| Profit YoY | -35.4% | -18.1% | -42.1% | -145.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,751 | 4,622 | 5,378 | 5,056 | 5,235 | 4,853 |
| EBITDA | 710 | 895 | 1,080 | 1,075 | 1,063 | 960 |
| Net profit | 380 | 493 | 539 | 505 | 330 | 186 |
| EPS (₹) | 58.31 | 75.68 | 82.64 | 77.55 | 50.61 | 28.55 |
| Revenue growth | +23.2% | +16.4% | -6.0% | +3.5% | -3.1% | |
| Profit growth | +29.8% | +9.2% | -6.1% | -34.6% | -57.8% | |
| Dividend / share (₹) | 0.80 | 1.00 | 1.25 | 1.50 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.2% | +15.0% | -3.1% |
| Net profit | -12.5% | +6.9% | -57.8% |
| EPS | -12.6% | +6.9% | – |
| Share price | – | -46.7% (2y) | -57.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,922 | 2,455 | 2,950 | 3,265 |
| Borrowings | – | 1,907 | 1,504 | 4,092 | 4,934 |
| Cash & equivalents | – | 270 | 207 | 197 | 254 |
| Total assets | – | 4,927 | 5,434 | 8,773 | 10,901 |
| Fixed assets | – | 621 | 726 | 879 | 2,291 |
| Capital work in progress | – | 72 | 14 | 1,349 | 740 |
| Investments | – | 10 | 10 | 12 | 12 |
| Receivables | – | 728 | 673 | 671 | 788 |
| Inventory | – | 235 | 297 | 451 | 375 |
| Payables | – | 724 | 836 | 1,271 | 1,543 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -322 | -139 | -311 | -878 | 250 |
| Cash from investing | -66 | -378 | 17 | -1,461 | -1,074 |
| Cash from financing | 293 | 562 | 319 | 2,310 | 832 |
| Capex | 68 | 339 | 233 | 1,561 | 954 |
| Free cash flow | -389 | -478 | -544 | -2,438 | -704 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.7% | 21.9% | 17.1% | 10.1% |
| ROCE % | – | 21.3% | 24.2% | 13.4% | 11.3% |
| Debtor days | – | 58 | 46 | 48 | 55 |
| Inventory days | – | 40 | 48 | 69 | 73 |
| Payable days | – | 123 | 135 | 196 | 299 |
| Cash conversion cycle (days) | – | -25 | -41 | -79 | -171 |
| Working capital days | – | 84 | 80 | 102 | 29 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.78% |
| FIIs | 1.45% |
| DIIs | 9.74% |
| of which Mutual funds | 8.29% |
| Government | 0.00% |
| Public (non-institutions) | 17.04% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% |
| Promoter group | % |
|---|---|
| Vijendra Singh Family Trust | 23.95% |
| Harendra Singh Family Trust | 23.93% |
| Girishpal Singh Family Trust | 23.90% |
| Girishpal Singh | 0.00% |
| Harendra Singh | 0.00% |
| Harendra Singh Huf | 0.00% |
| Hodal Singh | 0.00% |
| Nisha Singh | 0.00% |
| Poonam Singh | 0.00% |
| Vaibhav Choudhary | 0.00% |
| Vijendra Singh | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 3.40% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Multi Asset Allocation Fund | 2.53% |
| Abakkus Emerging Opportunities Fund-1 | 1.28% |
1,16,613 shareholders. Pledged: – 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% |
| HGINFRA | ₹2,461 cr | 13.2x | 0.8x | 6.0% | 9.9% | 19.8% | +4.2% | 0.53% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Construction | ₹6,006 cr | 98.2% | ₹856 cr | 14.3% |
| Renewable Energy | ₹112 cr | 1.8% | ₹52 cr | 46.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-12 | Dividend | Dividend - Rs 2 Per Share |
| 2025-08-12 | Dividend | Dividend - Rs 2 Per Share |
| 2024-08-14 | Dividend | Dividend - Rs 1.50 Per Share |
| 2023-08-14 | Dividend | Dividend - Rs 1.25 Per Share |
| 2022-07-21 | Dividend | Dividend - Re 1 Per Share |
| 2021-08-27 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2019-08-01 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-08-31 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- 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
- Group Code F: Construction: Code F2: Construction of Roads, Railways and Utility Projects
- Group Code D: Electricity, gas, steam and air conditioning supply: Code D1: Electric power generation, transmission and distribution
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | HGINFRA |
| BSE code | 541019 |
| ISIN | INE926X01010 |
| Face value | ₹10.0 |
| Incorporated | 2003-01-21 |
| Website | www.hginfra.com |
| Plants (India / abroad) | 32 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.