The shares of this infrastructure company surged over 2 percent after the company announced that it had bagged a Letter of Intent from a Gujarat-based company. In this article, we will discuss the order details in more detail.
With a market capitalization of Rs 7,318 crores, the shares of H.G. Infra Engineering Ltd is currently trading at Rs 1,123 per share, down by 40.3 percent from its 52-week high of Rs 1,879.90 per share. Over the last five years, the stock has delivered an impressive return of 582 percent.
On Thursday, H.G. Infra Engineering Ltd (HGINFRA) announced that it has received a Letter of Intent from the Gujarat Urja Vikas Nigam Ltd for setting up 300 MW/600 MWh out of the 500 MW/1000 MWh Standalone Battery Energy Storage Systems project in Gujarat under Tariff Based Competitive Bidding (Phase-VI) project. The completion timeframe of the project is 24 months.
As of March 2025, the company has an order book of Rs 15,281.2 crores, with highway contributing to 68 percent (largest) of the total order book, followed by railway, solar, and BESS contributing to 20.3 percent, 5.4 percent, and 6.4 percent, respectively.
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Financial Highlights
The company reported a revenue decline of 6 percent to Rs 5,056 crores in FY25 from Rs 5,378 crores in FY24. Additionally, it also reported a decline of 6.30 percent in net profit to Rs 505 crores in FY25 from Rs 539 crores in FY24.
The stock has delivered an ROE and ROCE of 18.27 percent and 16.76 percent respectively and is currently trading at a P/E of 14.81x as compared to its industry average of 19.20x.
H.G. Infra Engineering Limited is an infrastructure company that operates in engineering, procurement, and construction (EPC) spaces throughout India. The company pursues civil construction projects, such as roads, highways, bridges and flyovers, and railways, under both a turnkey basis, and hybrid annuity model. The company also undertakes metro, solar power plant, and water sector infrastructure projects.
Written by Satyajeet Mukherjee
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