HCCConstruction

Hindustan Construction Company Limited

Civil Construction · ISIN INE549A01026 · BSE 500185 · NSE EQ · FV ₹1
Last price
₹22
+2.47%today
What this company does

Hindustan Construction Company Limited operates in Civil Construction, part of the Construction sector. It booked ₹993 cr of revenue in its latest quarter (Q1 FY27) and kept 5.1% of sales as profit.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 7–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality89

Whether reported profit actually arrives as cash

Growth & consistency24

Whether sales and profit have grown, and how steadily

Valuation40

What today's price implies, against our models or its peers

Governance & risk22

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Turns profit into real cash
Watch-outs
! Thin 5.1% net margin
! Sales down 9% vs last year
! 82.4% of promoter stake pledged

What if I invest in HCC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹22 +2.47%
latest close · 2026-09-17
1-year return
+124.6%
52-wk low ₹952-wk high ₹26
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio28.4Average
LowAverageHigh
P/B ratio2.66Moderate
Below bookModerateHigh
EV / EBITDA9.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.6%Fair
WeakFairStrong ▸15%
Return on capital16.1%Strong
WeakFairStrong
Net margin5.1%Decent
ThinDecentStrong
EBITDA margin16.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.48Comfortable
LowModerateHigh ▸1
Interest cover1.9×Risky
RiskyOkayStrong ▸5×
Current ratio1.14Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,648 cr
Book value
₹8
EPS
₹0.19
latest quarter
Net debt
₹638 cr
owes more than its cash
Enterprise value
₹6,285 cr
EBITDA
₹667 cr
annualised
EBIT
₹643 cr
annualised
Operating margin
16.2%
Return on assets
2.4%
Earnings yield
3.53%
P/S
1.42
Sales / share
₹15.2
Tax rate
31.5%
Face value
₹1
Shares
262.0 cr
Working capital
₹649 cr
Current assets
₹5,147 cr
Current liabilities
₹4,498 cr
Delivery %
35.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹11 vs market price ₹22 — price is 94% above it
Safety cushion-94.4%(target ≥ +20%)
Models span ₹10₹12, midpoint ₹11
Model ₹11
Price ₹22
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹993 cr
Other Income₹62 cr
Total Income₹1,056 cr
Cost of Materials₹136 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹89 cr
Finance Costs₹87 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹664 cr
Total Expenses₹982 cr
Profit before Tax₹74 cr
Tax Expense₹23 cr
Share of JV / Associates₹48 L
Net Profit₹51 cr
Net margin on total income4.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹136 cr12.8%
Employee benefit expense₹89 cr8.5%
Finance costs₹87 cr8.2%
Depreciation & amortisation₹6 cr0.6%
Other expenses₹664 cr62.9%
Tax expense₹23 cr2.2%
Profit for the period₹51 cr4.8%
Total income ₹1,056 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue925 cr992 cr993 cr
Total income962 cr1,018 cr1,056 cr
Expenses986 cr931 cr982 cr
Profit before tax13 cr86 cr74 cr
Tax7 cr33 cr23 cr
Net profit (owners' share)8 cr59 cr51 cr
Net margin (owners' share, on revenue)0.9%5.9%5.1%
EPS (₹)0.040.270.19
YoY (latest quarter): total income -5.6% · net profit +0.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹8,492 cr
Shareholder equity
₹2,127 cr
parent shareholders
Total debt
₹1,019 cr
Cash
₹381 cr
Cash flow · H1 FY26
Operating
₹135 cr
Investing
₹-22 cr
Financing
₹-215 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Rights issue630:2775 Dec 2025
Rights issue118:1315 Mar 2024
Rights issue100:4920 Nov 2018
Who owns it · 2026-06-30
82.4% pledged
Promoter
16.2%
FII / Foreign
11.4%
DII / Domestic
3.7%
Retail / others
68.8%
Promoter stake down 2.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAnil C. Singhvi · Director4.00 L · ₹46.5 L29 Nov 19
SoldAnil C. Singhvi · Director6.00 L · ₹75.0 L26 Nov 19
BoughtArya Capital Management Pvt Ltd · Promoter Group4.70 L · ₹39.2 L7 Aug 19
Bulk / block deals
short · NSE12,5007 Sep 26
short · NSE42 Sep 26
short · NSE5,00028 Aug 26
Stake changes
SoldHDFC Mutual Fund→ 4.54% · 3.03 cr26 Jun 23
SoldAsia Opportunities IV (Mauritius) Limited→ 0.00% · 5.05 cr22 Jun 23
SoldAsia Opportunities IV (Mauritius) Limited→ 3.34% · 3.77 cr21 Jun 23
Promoter pledges
InvokedIDBI Trusteeship Services ltd.3.15 L · 16.15% held6 Jan 20
InvokedIDBI Trusteeship Services ltd.27.08 L · 16.33% held30 Dec 19
PledgedIDBI Trusteeship Services Limited ( trustee)4.70 L · 16.30% held28 Aug 19
What shareholders were asked to approve
7 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Aug 2026
See the official result
1
Adoption of the Audited Standalone and Consolidated Financial Statements of the Company
⚑ Passed only because promoters voted yes
Backed by 45% of shareholders other than promotersneeded 50%
15.75 cr votes for, 18.91 cr against · 85% of mutual funds and other big investors said no
2
Re- appointment of Mr. Aditya Pratap Jain (DIN: 08115375), who retires by rotation and being eligible, offers himself for re-appointment as a Director of the Company
Backed by 55% of shareholders other than promotersneeded 50%
18.99 cr votes for, 15.67 cr against · 70% of mutual funds and other big investors said no
3
Appointment of Mr. Nakul Pasricha (DIN: 03176843) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
34.52 cr votes for, 14.76 L against · 0% of mutual funds and other big investors said no
4
Payment of Remuneration to Mr. Ajit Gulabchand (DIN: 00010827), Non-Executive Chairman of the Company
⚑ Passed only because promoters voted yes
Backed by 46% of shareholders other than promotersneeded 75%
16.01 cr votes for, 18.64 cr against · 84% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 16.2% between them · as of 2026-06-30
Hincon Holdings Ltd8.26%
Maharani Holdings Private Limited5.32%
Hincon Finance Limited2.43%
Ajit Gulabchand0.08%
Arjun Dhawan0.04%
Shalaka Investment Pvt Ltd0.02%
Anjani Ashwin Parekh0.01%
Shalaka Gulabchand Dhawan0.01%
Business done with them
FY2025 · 2 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.1% of its ₹5,603 cr revenue.
Mr. Ajit Gulabchand
Other payments to them · remuneration and Directors' sitting fees
also owns 0.08% of the company
₹3 cr
company paid
Mrs. Shalaka Gulabchand Dhawan
Other payments to them · remuneration
also owns 0.01% of the company
₹1 cr
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,000 cr raised in Dec 2025 by offering new shares to existing shareholders

As of Jun 2026, the company says it has spent 100% of what it set aside. Care Ratings Ltd watches the spending on the exchange’s behalf.

Repayment and/ or pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
100%
₹625 cr of ₹625 cr
Investment in our Joint Venture, Prolific Resolution Private Limited, for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by Prolific Resolution Private Limited
100%
₹200 cr of ₹200 cr
Augmenting the working capital requirements of our Company
100%
₹100 cr of ₹100 cr
General corporate purposes
spent more than set aside
103%
₹37 cr of ₹36 cr
Spent by quarter: 52%100%100% (to Jun 2026)
₹600 cr raised in Dec 2024 by selling shares to large investors

As of Dec 2025, the company says it has spent 101% of what it set aside. Care Ratings Ltd. watches the spending on the exchange’s behalf.

Repayment and/or pre-payment, in full or in part, of certain outstanding borrowings availed by our Company, Associates and / or Joint Venture
100%
₹390 cr of ₹390 cr
Augmenting Working Capital
100%
₹150 cr of ₹150 cr
Geneal Corporate Purposes
spent more than set aside
118%
₹27 cr of ₹23 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.