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HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 3788.07 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.
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
The company has a robust order book while it continues to diversify into other related segments by leveraging its proven execution capabilities. This will provide the company with revenue visibility for the next two to three years. The company is well-aligned to achieve growth by capitalizing on favourable industry tailwinds which are being created by the government’s thrust on developing infrastructure, especially on the highways, expressways, and other road projects. The brokerage expects HGIEL to report Revenues/EBIDTA/APAT growth of 28%/26%/33% CAGR respectively over FY21-24E. It values HGIEL EPC business at 9x FY24 EPS and HAM portfolio at 1x book value with a target price of Rs 845/share, implying an upside potential of 56% from the CMP.
Promoter/FII Holdings
Promoters held 74.53 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.58 per cent, DIIs 14.16 per cent.
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