Infra stock engaged in the business of offering Engineering, Procurement, and Construction (EPC) services for highways, metros, railways, and many more jumped 4 percent in the day’s trade after Tata invests in the company and received a work order worth Rs. 781 Crores
Price Action
With a market capitalization of Rs. 10,468 Crores, the shares of H.G. Infra Engineering Limited were trading at Rs. 1,609.10 per equity share, up 1.65 percent from its previous day’s close price of Rs. 1,582.95. It has delivered a return of 75 percent in a year.
What Happened
As per the Bulk/Block deal data available on BSE, the Promoter Group of H.G. Infra Engineering Limited i.e., Girishpal Singh Family Trust, Harendra Singh Family Trust, and Vijendra Singh Family Trust have sold ~6.08 Lakh shares, ~6.05 Lakh shares and ~5.82 Lakh shares of the company respectively at an average price of Rs. 1,566.50 per equity share.
Following this Tata Mutual Fund, Aditya Birla Sun Life Mutual Fund and Societe Generale have purchased ~4.78 Lakh shares, ~4.87 Lakh shares, and ~2.84 Lakh shares of the company respectively at an average price of Rs. 1,566.50 per equity share.
Also read
In Addition
H.G. Infra Engineering Limited has been declared as the L-1 bidder by the Ministry of Road Transport and Highways (MoRTH) for a project worth Rs. 781.11 Crores, for the Up-gradation of the existing 6-lane road including elevated corridors as per site requirements of NH 47(Narol Junction to Sarkhej Junction) in the State of Gujarat on Hybrid Annuity Mode and it should be executed in 2.5 years.
About the Company
H.G. Infra Engineering Limited is engaged in the business of offering Engineering, Procurement, and Construction (EPC) services, Operation & Maintenance for roads, railways, flyovers, bridges, and other infrastructure contract works.
As of Q1FY25, H.G. Infra Engineering Limited has a strong order book of Rs. 15,641.8 Crores, of which 73 percent are Highway Projects, 16 percent are Railway Projects, and 11 percent are Solar Projects.
Financials and Ratios
Its Revenue from operations grew by 13.09 percent from Rs. 1,351 Crores in Q1FY24 to Rs. 1,528 Crores in Q1FY25, accompanied by profits of Rs. 150 Crores to Rs. 163 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 24.1 percent, and a return on capital employed (ROCE) of 24.1 percent. It has reported a debt-to-equity ratio of 0.62.
Written by: Bharath K.S
Also read
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
