HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 3832.06 Crore) operating in Infrastructure sector.
HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1109.26 Crore, up 3.94 % from last quarter Total Income of Rs 1067.26 Crore and up 17.42 % from last year same quarter Total Income of Rs 944.73 Crore. Company reported net profit after tax of Rs 109.28 Crore in latest quarter.
Investment Rationale
Given robust order inflows and strong execution, the brokerage maintains BUY, with an increased SOTP-based TP of INR 980 (14x Mar-24E EPS, HAM 0.8x P/BV) to factor in higher level of execution and better EBITDA margin.
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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