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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of HG Infra Engineering Ltd

About the Company - HG Infra Engineering Ltd

HG Infra Engineering Ltd. is a Public Limited Listed company incorporated on 21/01/2003 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L45201RJ2003PLC018049 and registration number is 018049. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company’s Total Operating Revenue is Rs. 3615.20 Cr. and Equity Capital is Rs. 65.17 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingNo. 14, Panchwati Colony, Jodhpur Rajasthan 342001cs@hginfra.com
http://www.hginfra.com
Management
NamePosition Held
Mr. Harendra SinghChairman & Managing Director
Mr. Dinesh Kumar GoyalWhole Time Director
Mr. Vijendra SinghWhole Time Director
Mr. Ashok Kumar ThakurIndependent Director
Mrs. Pooja Hemant GoyalIndependent Director
Ms. Monica WidhaniIndependent Director
Mr. Manjit SinghIndependent Director
Ms. Sharada SunderIndependent Director

HG Infra Engineering Ltd. Share Price Update

Share PriceValue
Today₹884.15
Previous Day₹927.35

Basic Stock Data of HG Infra Engineering Ltd

Market Cap 5,880 Cr.
Current Price 902
High / Low1,019/686
Stock P/E11.6
Book Value 331
Dividend Yield0.14 %
ROCE25.4 %
ROE29.4 %
Face Value 10.0

Data Source: screener.in

HG Infra Engineering Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales4837511,0599417859581,0651,1067961,1851,5351,351955
Expenses3936198647666307738729076359471,2381,070734
Operating Profit91131196176155185192199161238297281220
OPM %19%18%18%19%20%19%18%18%20%20%19%21%23%
Other Income1343123444763
Interest21243126283034343340475259
Depreciation21222320212222202426263135
Profit before tax5189147133107136139148108177231203129
Tax %25%24%24%24%30%26%25%26%24%26%26%26%26%
Net Profit3868111101751011041098213117115096
EPS in Rs5.8110.4017.0515.5011.4315.4315.9516.7912.5720.0826.2323.0814.75

HG Infra Engineering Ltd Quarterly Chart

HG Infra Engineering Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7411,0561,3932,0142,2172,6103,7514,6225,026
Expenses6639321,1851,7101,8642,1253,0403,7273,990
Operating Profit781242083053534847118951,036
OPM %11%12%15%15%16%19%19%19%21%
Other Income2351414661920
Interest161940496094118154197
Depreciation1826547576848596119
Profit before tax4683119194231312515665740
Tax %35%36%29%34%28%24%26%26%
Net Profit305384127167237380493548
EPS in Rs16.7529.6412.9319.5425.5736.3158.3175.6884.14
Dividend Payout %0%0%4%3%0%2%2%2%

HG Infra Engineering Ltd Profit & Loss Yearly Chart

HG Infra Engineering Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:27%
3 Years:28%
TTM:25%
Compounded Profit Growth
10 Years:%
5 Years:42%
3 Years:43%
TTM:19%
Stock Price CAGR
10 Years:%
5 Years:36%
3 Years:47%
1 Year:27%
Return on Equity
10 Years:%
5 Years:27%
3 Years:29%
Last Year:29%

HG Infra Engineering Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital181865656565656565
Reserves1051584765987619971,3711,8572,095
Borrowings1232044083805207681,1841,9101,441
Other Liabilities1531925355298698506601,0741,741
Total Liabilities3985721,4841,5732,2162,6803,2804,9065,342
Fixed Assets116204412462483484459635737
CWIP51901122721
Investments00030001010
Other Assets2773671,0641,1081,7222,1952,8194,1894,594
Total Assets3985721,4841,5732,2162,6803,2804,9065,342

HG Infra Engineering Ltd Reserves and Borrowings Chart

HG Infra Engineering Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 64-8663671-322-139
Cash from Investing Activity -114-4469-85-103-66-378
Cash from Financing Activity 62443-7871152293562
Net Cash Flow13-11-321120-9544

HG Infra Engineering Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4663113111113816258
Inventory Days56447143523740
Days Payable667818722212888123
Cash Conversion Cycle3629-3111-66511-26
Working Capital Days502851661131018596
ROCE %33%24%24%24%26%28%25%

HG Infra Engineering Ltd Financial Efficiency Indicators Chart

HG Infra Engineering Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.04%74.53%74.53%74.53%74.53%74.53%74.53%74.53%74.53%74.53%74.53%74.53%
FIIs0.40%0.12%0.47%2.16%1.26%0.74%0.58%0.62%0.57%1.34%1.59%1.67%
DIIs19.13%18.19%16.49%14.65%13.94%14.07%14.16%13.86%14.04%14.01%13.14%13.05%
Public6.43%7.16%8.51%8.66%10.27%10.66%10.73%10.99%10.87%10.12%10.73%10.74%
No. of Shareholders19,18220,33924,76736,48456,36363,36568,72770,95061,72561,42875,48477,390

HG Infra Engineering Ltd Shareholding Pattern Chart

No. of HG Infra Engineering Ltd Shareholders

HG Infra Engineering Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund28355900.68253.47
HSBC Small Cap Fund - Regular Plan16246871.26145.23
HSBC Midcap Fund6194090.6955.37
HSBC Infrastructure Fund5000002.4744.7
Bandhan Infrastructure Fund2900143.425.92
DSP Tiger Fund2417030.8821.61
Kotak Infrastructure & Economic Reform Fund - Regular Plan1975001.5517.65
UTI Infrastructure Fund1917011.0417.14
Aditya Birla Sun Life Infrastructure Fund1891572.2516.91
Mahindra Manulife Multi Cap Fund1707710.6915.27

HG Infra Engineering Ltd ROCE Trend

HG Infra Engineering Ltd EPS Trend

HG Infra Engineering Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)75.6858.3136.3125.5719.54
Diluted EPS (Rs.)75.6858.3136.3125.5719.54
Cash EPS (Rs.)90.2971.3749.2737.6130.68
Book Value[Excl.RevalReserv]/Share (Rs.)294.90220.34163.04126.78101.73
Book Value[Incl.RevalReserv]/Share (Rs.)294.90220.34163.04126.78101.73
Revenue From Operations / Share (Rs.)709.21575.63399.30340.19309.11
PBDIT / Share (Rs.)140.18110.0875.2856.6548.49
PBIT / Share (Rs.)125.4097.0362.3245.0436.91
PBT / Share (Rs.)101.8078.9747.8735.8729.39
Net Profit / Share (Rs.)75.5058.3136.3126.0019.10
NP After MI And SOA / Share (Rs.)75.6858.3136.3125.5719.54
PBDIT Margin (%)19.7619.1218.8516.6515.68
PBIT Margin (%)17.6816.8515.6013.2411.94
PBT Margin (%)14.3513.7111.9810.549.50
Net Profit Margin (%)10.6410.139.097.646.17
NP After MI And SOA Margin (%)10.6710.139.097.516.32
Return on Networth / Equity (%)25.6626.4622.2720.1619.20
Return on Capital Employeed (%)23.5625.9923.7526.1830.85
Return On Assets (%)10.0111.548.817.518.09
Long Term Debt / Equity (X)0.770.670.520.250.08
Total Debt / Equity (X)0.990.820.640.480.36
Asset Turnover Ratio (%)1.301.431.151.211.32
Current Ratio (X)1.732.091.791.451.36
Quick Ratio (X)1.561.881.621.351.21
Inventory Turnover Ratio (X)10.2310.198.678.068.00
Dividend Payout Ratio (NP) (%)1.321.370.001.952.55
Dividend Payout Ratio (CP) (%)1.101.120.001.341.60
Earning Retention Ratio (%)98.6898.630.0098.0597.45
Cash Earning Retention Ratio (%)98.9098.880.0098.6698.40
Interest Coverage Ratio (X)5.946.105.216.186.45
Interest Coverage Ratio (Post Tax) (X)4.204.233.513.843.54
Enterprise Value (Cr.)6728.434646.162365.151405.191986.74
EV / Net Operating Revenue (X)1.461.240.900.630.98
EV / EBITDA (X)7.366.484.823.816.29
MarketCap / Net Operating Revenue (X)1.100.960.740.500.91
Retention Ratios (%)98.6798.620.0098.0497.44
Price / BV (X)2.652.531.821.352.78
Price / Net Operating Revenue (X)1.100.960.740.500.91
EarningsYield0.090.100.120.140.06

HG Infra Engineering Ltd Profitability Ratios (%)

HG Infra Engineering Ltd Liquidity Ratios

HG Infra Engineering Ltd Liquidity Ratios (%)

HG Infra Engineering Ltd Interest Coverage Ratios (%)

HG Infra Engineering Ltd Valuation Ratios

Fair Value of HG Infra Engineering Ltd Stock

Fair Value: ₹1130.42

The stock is undervalued by 25.32% compared to the current price ₹902

*Investments are subject to market risks

Strength and Weakness of HG Infra Engineering Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.00%, which is a positive sign.
  2. The company has higher reserves (935.33 cr) compared to borrowings (770.89 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (84.56 cr) and profit (322.78 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 73.34 and average Dividend Yield of 15.06%.
  2. The stock has a high average Working Capital Days of 73.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 12.13, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HG Infra Engineering Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE