āagman

Not investment advice. Data and computed figures, for information only.

H.G. Infra Engineering Ltd

NSE: HGINFRA
₹407.95
−₹4.00 (−0.97%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,618 Cr
CMP
₹407.95
52-wk High / Low
₹943 / 399
P/E
10.1
P/B
0.8
Book Value
₹501.0
Div Yield
0.50%
ROCE
11.0%
ROE
8.5%
Face Value
₹10
D/E
1.54

Price−56.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹756
√(22.5 × EPS × book value per share)
ROIC
7.4%
vs 11.1% sector median
Cash flow to profit
0.76
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+1,013
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
8.1%
ROE × earnings retention ratio
ROE stability
6.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.02DII −0.54
Latest quarter vs the previous one
Cash-accrual divergence
0.8%
of assets
Low = accruals track cash flow
Strengths
+PE of 10.1x is below the sector median of 21x
Watch-outs
−Latest ROCE of 11% trails the sector median of 17%
−Borrowings are up 3988.6% since FY2016 (123 to 5029)
−Price trades below its 200-day moving average (0.7x)
−Price is 56.7% below its 52-week high
−Promoter holding fell by 2.8pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,3519551,3651,7081,5289021,2651,3611,4829041,4211,4271,101
Expenses1,0707341,1361,3761,2166839781,1211,2236991,1131,189797
Operating Profit281220228333312220287239259206309237304
OPM %20.8%23.0%16.7%19.5%20.4%24.4%22.7%17.6%17.5%22.8%21.7%16.6%27.6%
Other Income6322644420213460−141
Interest525957485762757195108129137118
Depreciation31353738353636373640444845
Profit before tax203129156252225125180151132711391130
Net Profit150961021901638111514799529485−45
EPS (₹)23.0814.7515.6629.1624.9512.3917.6722.5515.168.0114.4713.06−6.93

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3657411,0561,3932,0142,2172,6103,7514,6225,3785,0565,2354,853
Expenses3216639321,1851,7101,8642,1253,0403,7274,3153,9984,2213,798
Operating Profit44781242083053534847118951,0641,0581,0141,055
OPM %12.1%10.5%11.7%14.9%15.1%15.9%18.5%19.0%19.4%19.8%20.9%19.4%21.7%
Other Income323514146619343277−64
Interest16161940496094118154217265469492
Depreciation171826547576848596141144168177
Profit before tax144683119194231312515665740681455323
Net Profit9305384127167237380493539505330186
EPS (₹)6.0516.7529.6412.9319.5425.5736.3158.3175.6882.6477.5650.6928.61

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital—1818656565656565656565—
Reserves—1051584765987619971,3711,8572,3902,8843,200—
Borrowings—1232044083805207681,1841,9101,5134,1705,029—
Other Liabilities—1531925355298698506601,0741,4351,5702,530—
Total Liabilities—3985721,4841,5732,2162,6803,2804,9065,4038,69010,824—
Fixed Assets—1162044124624834844596357428852,297—
CWIP—5190112272141,349740—
Investments—000300010101212—
Other Assets—2773671,0641,1081,7222,1952,8194,1894,6376,4447,775—
Total Assets—3985721,4841,5732,2162,6803,2804,9065,4038,69010,824—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity——64−8663671−322−139−311−878250
Cash from Investing Activity——−114−4469−85−103−66−37817−1,461−1,074
Cash from Financing Activity——62443−78711522935623192,310832
Net Cash Flow——13−11−321120−954426−288

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——33.024.024.024.026.028.025.024.017.011.0
ROE %———————————8.5
EPS (₹)6.0516.7529.6412.9319.5425.5736.3158.3175.6882.6477.5650.69
Book Value (₹)———————————501.0
Face Value (₹)———————————10
P/E———————————10.1
Div Yield %———————————0.50
NPM %2.44.05.06.06.37.59.110.110.610.09.96.2
OPM %12.011.012.015.015.016.019.019.019.020.021.019.0
D/E—1.001.160.750.570.630.720.820.990.621.411.54
P/B———————————0.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+22.0%
5 years+15.0%
3 years+4.0%
TTM−3.0%
Compounded profit growth
10 years+24.0%
5 years+2.0%
3 years−19.0%
TTM−40.0%
Stock price CAGR
5 years−10.0%
3 years−25.0%
Last year−57.0%
Return on equity
10 years21.0%
5 years20.0%
3 years16.0%
Last year9.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters73.74%73.74%73.74%73.99%74.53%74.53%74.53%74.53%71.78%71.78%71.78%
FIIs0.02%0.02%1.57%0.42%0.12%0.74%1.34%1.68%2.87%1.39%1.37%
DIIs17.20%17.20%16.31%20.93%18.19%14.07%14.01%12.50%12.02%10.65%10.11%
Government———————————
Public9.04%9.04%8.37%4.66%7.16%10.66%10.12%11.30%13.33%16.18%16.74%
No. of shareholders22,05222,05215,19715,28020,33963,36561,42885,5961,37,4361,21,7151,20,066
Change since Jun 2023 (pp)
Promoters −1.96FIIs +1.35DIIs −7.09Public +7.70

Documents

As of 11 Oct 2026
Announcements
Incorporation Of A Section 8 CompanyCompliances-Half Yearly Communication - Debt InstrumentsCompliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)Intimation Under Regulations 30 & 51 Of SEBI (LODR) Regulations, 2015Intimation Of Financial Closure - H.G. Gobindpur Tangi Highway Private Limited
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPT

Corporate actions

As of 12 Aug 2026
12 Aug 2026DIVIDENDDividend - Rs 2 Per Share—
12 Aug 2025DIVIDENDDividend - Rs 2 Per Share—
14 Aug 2024DIVIDENDDividend - Rs 1.50 Per Share—
14 Aug 2023DIVIDENDDividend - Rs 1.25 Per Share—
21 Jul 2022DIVIDENDDividend - Re 1 Per Share—
27 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.80 Per Share—
1 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.50 Per Share—
31 Aug 2018DIVIDEND Annual General Meeting/Dividend Re 0.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman