HG Infra Engineering Ltd (NSE: HGINFRA) share: Construction company HG Infra Engineering has received an enormous order.
HG Infra Engineering said it was declared as the bidder with the lowest price (L-1) from the National Highways Authority of India (NHAI) for an engineering project in the EPC mode.
The estimated total cost associated with the NHAI construction will be 690.05 crore. The construction duration of the project is 30 years.
What Are The Details Of The Plan?
The project entails the construction of elevated four-lane corridors between Kalimandir, Dimna Chowk, and Baliguma on the Jamshedpur section of NH-33 (New NH-18) from km 241.940 to 251.961 km (length 10.021 kilometers) beneath NH(O).
HG Infra is engaged in the field in the field of engineering procurement as well as construction (EPC) maintenance of bridges, roads as well as flyovers, and other infrastructure contracts.
The Order Was Also Received From The Railways
The week before, HG Infra Engineering received an order from the Railways.
The company was able to receive requests for its South Central Railway project worth approximately Rs 447.11 crore.
The project is expected to be completed in the next 30 months.
Status Of Share
The shares of HG Infra ended 0.27 percent higher at Rs 908.10 on March 7. The market in the domestic market was shut on Friday in celebration of Mahashivratri.
Of the shares held by HG Infra, 74.53 percent stake is held by the promoter. However, the shareholding for public shareholders amounts to 25.47 percent.
The Market Is Setting Records Each Day
Every day record-breaking records are set in the market for stocks. On Thursday, during turbulent trading, the Sensex reached a new record-setting 74,119.39 points.
It gained in the amount of 33.40 points. This is 0.05 percent. At one point in trading, it was up 159.18 points. Nifty also ended at a record high of 22,493.55 points.
This was a gain of 19.50 points, or 0.09 percent. The stock had climbed to 51.6 points in the course of trading.
About HG Infra Engineering Ltd
H.G. Infra Engineering Limited (HGIEL) is an industry-leading company for the development of infrastructure.
It is based in Rajasthan as well as several states of India. It includes projects on roads, highways, and bridges.
It also includes additional civil projects such as the extension and grading of runways trains, the development of land and pipelines for water.
The company was established in 2003.
Fundamental Analysis of HG Infra Engineering Ltd
| Market Cap | ₹ 5,922 Cr. |
| Current Price | ₹ 905.05 |
| 52-wk High | ₹ 1,019 |
| 52-wk Low | ₹ 746.10 |
| Stock P/E | 11.35 |
| Book Value | ₹ 331 |
| Dividend | 0.14 % |
| ROCE | 25.4 % |
| ROE | 29.4 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.74 |
| OPM | 19.7 % |
| EPS | ₹ 79.7 |
| Debt | ₹ 1,441 Cr. |
| Debt to Equity | 0.67 |
HG Infra Engineering Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 900 | ₹ 1150 |
| 2025 | ₹ 1200 | ₹ 1340 |
| 2026 | ₹ 1390 | ₹ 1500 |
| 2027 | ₹ 1521 | ₹ 1600 |
| 2028 | ₹ 1690 | ₹ 1800 |
| 2029 | ₹ 1850 | ₹ 2100 |
| 2030 | ₹ 2150 | ₹ 2390 |
HG Infra Engineering Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.53% |
| Mar 2023 | 74.53% |
| June 2023 | 74.53% |
| Sept 2023 | 74.53% |
| Dec 2023 | 74.53% |
| FII Holding | |
| Dec 2022 | 0.57% |
| Mar 2023 | 1.34% |
| June 2023 | 1.59% |
| Sept 2023 | 1.67% |
| Dec 2023 | 1.56% |
| DII Holding | |
| Dec 2022 | 14.04% |
| Mar 2023 | 14.01% |
| June 2023 | 13.14% |
| Sept 2023 | 13.05% |
| Dec 2023 | 12.45% |
| Public Holding | |
| Dec 2022 | 10.87% |
| Mar 2023 | 10.12% |
| June 2023 | 10.73% |
| Sept 2023 | 10.74% |
| Dec 2023 | 11.47% |
HG Infra Engineering Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,014 Cr |
| 2020 | ₹ 2,217 Cr |
| 2021 | ₹ 2,610 Cr |
| 2022 | ₹ 3,751 Cr |
| 2023 | ₹ 5,206 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 127 Cr |
| 2020 | ₹ 167 Cr |
| 2021 | ₹ 237 Cr |
| 2022 | ₹ 380 Cr |
| 2023 | ₹ 519 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.36 |
| 2020 | 0.49 |
| 2021 | 0.65 |
| 2022 | 0.82 |
| 2023 | 0.99 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 42% |
| 3 Years: | 43% |
| Current Year: | 19% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 27% |
| 3 Years: | 29% |
| Last Year: | 29% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 27% |
| 3 Years: | 28% |
| Current Year: | 25% |
Conclusion
This article is a complete guide about HG Infra Engineering Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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