HG Infra Engineering
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
H.G. Infra Engineering Limited is strategically positioning itself for growth by diversifying its project portfolio and expanding into high-value sectors such as railways and clean energy. Management's positive outlook is supported by strong government backing for infrastructure development, which is expected to drive revenue growth. However, the company faces challenges, including geopolitical risks and supply chain disruptions that could impact execution and margins. Vista's financial outlook anticipates accelerating revenue growth, although margins may remain under pressure due to these external factors. The company's focus on digitalization and disciplined bidding is expected to enhance operational efficiency, supporting Vista's target price of INR 703.69 for the next 12 months, reflecting an expected upside of approximately 28%. Over the next 12-24 months, key opportunities include the commissioning of significant projects like the battery energy storage system and the Thane Integral Ring Metro Project. Conversely, watchpoints include muted bidding activity from NHAI and potential execution delays that could hinder performance
Why We Like This Stock
- Strong government support for infrastructure development is expected to drive revenue growth
- Expansion into high-value projects, including clean energy and railways, enhances growth potential
- Management's focus on digitalization and operational efficiency aims to mitigate execution risks
Things To Watch Out For
- Geopolitical tensions and supply chain disruptions may lead to increased costs and execution delays
- Muted bidding activity from NHAI could impact order inflows and revenue growth
- Margins are expected to remain under pressure due to external cost factors
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 5,378 | 5,056 | 5,235 | 4,253 | 4,718 |
| Profit Before Tax (Cr.) | 724 | 665 | 404 | 398 | 425 |
| PBT Margin | 13.5% | 13.1% | 771.7% | 9.3% | 9.0% |
| Net Profit (Cr.) | 530 | 470 | 265 | 262 | 279 |
| Earnings Per Share | 81.3 | 72.1 | 40.8 | 40.1 | 42.8 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| HDFC Securities | ▲ Buy | 907 | 01-Jun-2026 |
| ICICI Securities | ► Hold | 610 | 01-Jun-2026 |
| JMFinancials | ▲ Buy | 980 | 15-Jun-2026 |
| Prabhudas Liladhar | ► Hold | 670 | 30-May-2026 |
Company Overview
Show Company Profile
H.G. Infra Engineering Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business in India. The company provides EPC services on a turnkey basis and hybrid annuity model for civil construction and related infrastructure projects. It also develops and maintains roads, highways, bridges, flyovers, railway networks and other infrastructure contract works, as well as railways, metro, solar power plant, and water sector projects. H.G. Infra Engineering Limited was incorporated in 2003 and is based in Jaipur, India.