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HGINFRA Consensus Forecast

No. of reports in last year
No. of analysts
Average Consensus Forecast
Consensus Potential

HGINFRA Price Target Potential

Prabhudas Lilladher30235.79%
HDFC Securities44156.03%
Reliance Securities38549.64%
Karvy Stock Broking30035.37%

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Long term HGINFRA rating by FrontPage users
5/5 (4 Ratings)

5 HGINFRA share price target reports by brokerages below. See what is analyst's view on HGINFRA share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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HGINFRA Share Price Target

HGINFRA Share Price Target - Broker Reports - 2020

Price @ Call: 268.21
Target: 302
We remain positive on the company given its 1) comfortable order book (~Rs61.6bn as on 3QFY20), 2) strong execution capabilities, 3) comfortable working capital cycle (~103days), 4) geographical diversification and 5) its transition into full-fledged contractor and improvement in technical pre- qualification. Given lower than anticipated execution in 9M largely due to NGT ban, we have revised our revenue/PAT estimates downwards by 5.4%/5.8% for FY20E. However, on the back of strong order book, healthy order inflows (~Rs20bn till date) and pick up in execution of large ticket size projects, we expect HGINFRA’s revenues/ PAT to grow at 19%/23% CAGR over FY19-22E. At CMP, the stock trades at a P/E of 10.3x/8.8x on FY20E/FY21E EPS and is trading at an EV of 5.8x/4.9x FY20E/FY21E EBITDA. We maintain BUY rating on the stock with a TP of Rs304.
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HGINFRA Share Price Target - Broker Reports - 2019

Price @ Call: 239.86
Target: 441
Monetization of assets in the near future: Plans for monetization of the company’s HAM portfolio are under consideration. However, the company stressed on first achieving significant physical progress across the projects (~30-50%) which will make these projects an attractive proposition for the incoming investor. Attractive Valuation: HG Infra is trading at an attractive valuation of 7.1x FY21E P/E. We maintain BUY with Rs 441/sh TP (12x FY21E Standalone EPS and HAM projects at 1x invested equity).
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Price @ Call: 212.34
Target: 385
Price @ Call: 231.62
Target: 300
We expect the revenue to grow at 15.8% CAGR during FY19-21E while EBITDA to grow at 15% CAGR. EBITDA margin is expected to stabilize around 15% levels by FY21E. Considering the healthy order book, proven execution capabilities, revenue visibilitycoupled with strong financials, we re-iterate a “BUY” rating with a target price of Rs. 300 based on a SoTP valuation.
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Price @ Call: 227.93
Target: 385
HGINFRA continues to report steady performance mainly led by continuous traction in execution. We still expect its earning to clock 29% CAGR in next 2 years. At CMP, the stock trades at 9.0x of FY20 and 7.4x of FY21 earnings with >20% return ratio. We believe improvement in cash generation will be the key catalyst for re-rating. Keeping our estimates unchanged, we maintain BUY recommendation on the stock with an unrevised Target Price of Rs385 (15x of 1-Yr Fwd. EPS).
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Price @ Call: 288.12
Target: 456
We expect revenue/ Adj. PAT CAGR of 23.9%/ 30.3% over FY19-21E. HGINFRA looks attractive at 11.3x/ 9.1x FY20E/ FY21E EPS, hence we maintain BUY, with a SOTP of Rs 456 (13x FY21E EPS) and 1xFY21E P/B for HAM equity investments.
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Price @ Call: 295
Target: 395
While impact of high base is visible in the quarterly performance, we believe commencement of new order wins will further aid the Company to register a healthy growth, going ahead. We expect HGINFRA’s earning to clock 31% CAGR in next 2 years. Current valuation at 10.4x of FY20 and 8.4x of FY21 earnings with >20% return ratio and <2x book value undoubtedly appear to be attractive. We continue to maintain our BUY recommendation on the stock with a revised Target Price of Rs395 (15x of FY20 EPS).
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Price @ Call: 193.34
Target: 332
Price @ Call: 198.95
Target: 408

HGINFRA Share Price Target - Broker Reports - 2018

Price @ Call: 228
Target: 386
Price @ Call: 238.95
Target: 386
Price @ Call: 325.26
Target: 375
Price @ Call: 300.75
Target: 375
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  • HGINFRA Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 3206.97
    Upside Target 2202.78
    Upside Target 1196.37
    Downside Target 1185.77
    Downside Target 2181.58
    Downside Target 3175.17
  • HGINFRA Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 3227.13
    Upside Target 2218.92
    Upside Target 1204.43
    Downside Target 1181.73
    Downside Target 2173.52
    Downside Target 3159.03
  • HGINFRA Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 3289.27
    Upside Target 2256.48
    Upside Target 1230.52
    Downside Target 1171.77
    Downside Target 2138.98
    Downside Target 3113.02
  • HGINFRA Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 3202.78
    Upside Target 2198.73
    Upside Target 1196.23
    Downside Target 1188.13
    Downside Target 2185.63
    Downside Target 3181.58
  • HGINFRA Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 3218.92
    Upside Target 2210.25
    Upside Target 1204.89
    Downside Target 1187.55
    Downside Target 2182.19
    Downside Target 3173.52
  • HGINFRA Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 3256.48
    Upside Target 2234.04
    Upside Target 1220.18
    Downside Target 1175.29
    Downside Target 2161.43
    Downside Target 3138.98
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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