HGINFRAConstruction

H.G. Infra Engineering Limited

Civil Construction · ISIN INE926X01010 · BSE 541019 · NSE EQ · FV ₹10
Last price
₹461
-0.18%today
What this company does

H.G. Infra Engineering Limited operates in Civil Construction, part of the Construction sector. It booked ₹1,101 cr of revenue in its latest quarter (Q1 FY27) and kept -4.1% of sales as profit.

The Company is engaged in the business of Engineering, Procurement, Construction (EPC), and maintenance of roads, highways, bridges & flyovers, and other infrastructure contract works.
The Company is engaged in the business of providing infrastructural facilities as per Section 186 (11) of the Act.
In the report:
35out of 100
Equitytale Health Score
Strained

Healthier than 35% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 11–23 companies that reported it.

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

Price momentum
oversold
RSI (14)
28

At close. Not part of the score.

Profitability & returns2

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet3

How much it owes, and whether earnings cover the interest

Cash quality33

Whether reported profit actually arrives as cash

Growth & consistency40

Whether sales and profit have grown, and how steadily

Valuation90

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Promoters hold 72%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -4.1% net margin
! Sales down 26% vs last year
! Low -5.5% return on equity
! Carries high debt (D/E 1.5)
! Operating cash flow is negative

What if I invest in HGINFRA?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹461 -0.18%
latest close · 2026-09-17
1-year return
-16.0%
52-wk low ₹46052-wk high ₹830
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/B ratio0.92Below book
Below bookModerateHigh
EV / EBITDA12.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-5.5%Loss
WeakFairStrong ▸15%
Return on capital6.6%Weak
WeakFairStrong
Net margin-4.1%Loss
ThinDecentStrong
EBITDA margin14.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.50High
LowModerateHigh ▸1
Interest cover1.0×Risky
RiskyOkayStrong ▸5×
Current ratio1.11Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,002 cr
Book value
₹501
EPS
₹-6.83
latest quarter
Net debt
₹4,839 cr
owes more than its cash
Enterprise value
₹7,841 cr
EBITDA
₹650 cr
annualised
EBIT
₹470 cr
annualised
Operating margin
10.7%
Return on assets
-1.7%
Earnings yield
P/S
0.68
Sales / share
₹675.5
Tax rate
Face value
₹10
Shares
6.5 cr
Working capital
₹422 cr
Current assets
₹4,228 cr
Current liabilities
₹3,806 cr
Delivery %
53.4%
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 2024 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹837 vs market price ₹461 — price is 45% below it
Safety cushion+45.0%(target ≥ +20%)
Models span ₹621₹1,053, midpoint ₹837
Model ₹837
Price ₹461
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₹1,101 cr
Other Income₹5 cr
Total Income₹1,106 cr
Cost of Materials₹381 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹93 cr
Finance Costs₹118 cr
Depreciation & Amortisation₹45 cr
Other Expenses₹322 cr
Total Expenses₹959 cr
Exceptional Items₹-147 cr
Profit before Tax₹-17.2 L
Tax Expense₹44 cr
Share of JV / Associates₹-23.4 L
Net Profit₹-45 cr
Net margin on total income-4.0%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹381 cr38.0%
Employee benefit expense₹93 cr9.3%
Finance costs₹118 cr11.7%
Depreciation & amortisation₹45 cr4.5%
Other expenses₹322 cr32.1%
Tax expense₹44 cr4.4%
Total income ₹1,106 cr

The company made a net loss of ₹45 cr this quarter — income covered only 110 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,421 cr1,427 cr1,101 cr
Total income1,425 cr1,435 cr1,106 cr
Expenses1,286 cr1,374 cr959 cr
Profit before tax139 cr112 cr-17.2 L
Tax45 cr28 cr44 cr
Net profit (owners' share)94 cr85 cr-45 cr
Net margin (owners' share, on revenue)6.6%6.0%-4.1%
EPS (₹)14.4412.99-6.83
YoY (latest quarter): total income -25.5% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹10,901 cr
Shareholder equity
₹3,265 cr
parent shareholders
Total debt
₹4,934 cr
Cash
₹95 cr
Cash flow · H1 FY26
Operating
₹-439 cr
Investing
₹-751 cr
Financing
₹1,165 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
Dividend yield
0.43%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 12 Aug 2026
ActionDetailEx-date
Dividend₹2 / share12 Aug 2026
Dividend₹2 / share12 Aug 2025
Dividend₹1.5 / share14 Aug 2024
Dividend₹1.25 / share14 Aug 2023
Dividend₹1 / share21 Jul 2022
Dividend₹0.8 / share27 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
71.8%
FII / Foreign
1.4%
DII / Domestic
10.1%
Retail / others
16.7%
Promoter stake down 2.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldGirishpal Singh Family Trust · Promoters6.08 L · ₹95.3 cr20 Aug 24
SoldVijendra Singh Family Trust · Promoters5.83 L · ₹91.3 cr20 Aug 24
SoldHarendra Singh Family Trust · Promoters6.05 L · ₹94.8 cr20 Aug 24
Bulk / block deals
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.86 L @ ₹635.2415 Apr 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.86 L @ ₹634.9115 Apr 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE4.67 L @ ₹633.6915 Apr 26
Stake changes
SoldNippon Life India Trustee Limited→ 3.40% · 47,0003 Oct 24
SoldVijendra Singh Family trust · promoter→ 23.95% · 5.83 L20 Aug 24
SoldGirishpal Singh Family trust · promoter→ 23.90% · 6.08 L20 Aug 24
What shareholders were asked to approve
2 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 · 19 Aug 2026
See the official result
1
To receive, consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
67.32 L votes for, 34 against · 0% of mutual funds and other big investors said no
2
To declare the final dividend of Rs. 2/- per equity share of Rs. 10/- each for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
67.45 L votes for, 40 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Vijendra Singh Choudhary (DIN: 01688452), who retires by rotation and being eligible, offered himself for re-appointment.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
66.95 L votes for, 50,075 against · 1% of mutual funds and other big investors said no
4
To approve the re-appointment of Mr. Harendra Singh (DIN: 00402458) as Managing Director of the Company for a third term of five consecutive years.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
66.95 L votes for, 49,966 against · 1% of mutual funds and other big investors said no
6
To approve the increase in borrowing limits of the Company under section 180(1)(c) of the Companies Act, 2013.
⚑ Passed only because promoters voted yes
Backed by 66% of shareholders other than promotersneeded 75%
44.67 L votes for, 22.78 L against · 34% of mutual funds and other big investors said no
7
To approve the increase in limits of the creation of charges and securities on the properties/assets of the company under section 180(1)(a) of the Companies Act, 2013.
⚑ Passed only because promoters voted yes
Backed by 42% of shareholders other than promotersneeded 75%
28.61 L votes for, 38.84 L against · 58% 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 — 11 named members
owning 71.8% between them · as of 2026-06-30
Vijendra Singh Family Trust23.95%
Harendra Singh Family Trust23.93%
Girishpal Singh Family Trust23.90%
Girishpal Singhno shares
Harendra Singhno shares
Harendra Singh Hufno shares
Hodal Singhno shares
Nisha Singhno shares
Business done with them
FY2025 · 6 of the group
The company paid ₹98 cr to companies in the promoter group last year — about 1.9% of its ₹5,056 cr revenue and received ₹121 cr back from them.
HARENDRA SINGH
Commitments Made On Behalf Of Entity · Description is mentioned along with relevant line item
₹2,487 cr
company received
VIJENDRA SINGH
Commitments Made On Behalf Of Entity · Description is mentioned along with relevant line item
₹2,487 cr
company received
HODAL SINGH
Commitments Made On Behalf Of Entity · Description is mentioned along with relevant line item
₹1,500 cr
company received
Mr. Vaibhav Choudhary
Commitments Made On Behalf Of Entity · Description is mentioned along with relevant line item
₹1,500 cr
company received
GIRISHPAL SINGH
Commitments Made On Behalf Of Entity · Description is mentioned along with relevant line item
₹1,500 cr
company received
HARENDRA SINGH
Contribution received from them · Description is mentioned along with relevant line item
₹86 cr
company received
HARENDRA SINGH
Other payments to them · Description is mentioned along with relevant line item
₹73 cr
company paid
VIJENDRA SINGH
Contribution received from them · Description is mentioned along with relevant line item
₹36 cr
company received
VIJENDRA SINGH
Other payments to them · Description is mentioned along with relevant line item
₹23 cr
company paid
Mr. Vaibhav Choudhary
Other payments to them · Description is mentioned along with relevant line item
₹2 cr
company paid
Ms. Nisha Singh
Other payments to them · Description is mentioned along with relevant line item
₹34.6 L
company paid
GIRISHPAL SINGH
Leases As Lessee · Description is mentioned along with relevant line item
₹32.5 L
company received
HODAL SINGH
Leases As Lessee · Description is mentioned along with relevant line item
₹15.6 L
company received
GIRISHPAL SINGH
Other payments to them · Description is mentioned along with relevant line item
₹3.4 L
company paid

The company also transacted with 25 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.

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