Synopsis:
Highway Infrastructure Limited has been awarded a Letter of Acceptance by the National Highways Authority of India to manage and operate a Toll Plaza in Uttar Pradesh for a contract value of Rs.69.8 crores.
The shares of Micro cap company involved in developing and executing infrastructure projects such as roads, highways, bypasses, expressways, and bridges caught the attention after receiving a work order worth Rs.69.8 crores.
With a market capitalization of Rs.671.66 crore, the shares of Highway Infrastructure Limited are trading at Rs.93.65, down by 0.71 percent from the previous day’s closing price of Rs.94.32.
Work Order
Highway Infrastructure Limited has secured a contract from the National Highways Authority of India to manage toll operations at the Muzaina Hetim Fee Plaza on the Gorakhpur–Kasia–UP and Bihar border section of NH-28 in Uttar Pradesh.
The work also includes toll fee collection and the upkeep of nearby public amenities, including restrooms and consumable items. The domestic contract is valued at around Rs.69.78 crore and will be executed over a period of one year.
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Operational Front
Highway Infrastructure Limited Company specializes in managing and maintaining road and highway networks. It is delivering a range of related infrastructure development and services in Indore, Madhya Pradesh, by undertaking projects such as roads, highways, bypasses, expressways, bridges, flyovers, etc.
In the first quarter of FY26, the company reported revenue from operations of Rs.111.9 crore, up from Rs.107 crore in the same quarter of FY25. Net profit also rose sharply to Rs.7.2 crore from Rs.3.1 crore a year earlier.
The firm’s return on equity stands at 18.8 percent, while return on capital employed stands at 19.6 percent. With a P/E ratio of 34.57, which is lower than the industry average of 34.91, the stock appears to be valued slightly less favorably compared to its peers.
Written By Jhanavi Sivakumar
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