Buy HG Infra Engineering, target price Rs 735: ICICI Direct

ICICI Direct has buy call on HG Infra Engineering with a target price of Rs 735. The current market price of HG Infra Engineering is Rs 519.1. Time period given by analyst is one year when HG Infra Engineering Ltd. price can reach defined target.

HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 3382.71 Crore) operating in Infrastructure sector.

HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue and Sale of services for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1067.26 Crore, up 11.14 % from last quarter Total Income of Rs 960.25 Crore and up .35 % from last year same quarter Total Income of Rs 1063.56 Crore. Company reported net profit after tax of Rs 103.95 Crore in latest quarter.

Investment Rationale
Double-digit return ratios, comfortable b/s position and healthy operating cash flow generation arising from improved profitability augurs well

Promoter/FII Holdings
Promoters held 74.53 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.74 per cent, DIIs 14.07 per cent.