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Last Updated: April 2, 2026, 3:03 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500185 | NSE: HCC

Hindustan Construction Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹0.57Overvalued by 96.23%vs CMP ₹15.10

P/E (23.8) × ROE (0.7%) × BV (₹4.17) × DY (2.00%)

₹6.60Overvalued by 56.29%vs CMP ₹15.10
MoS: -128.8% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹0.4526%Over (-97%)
Graham NumberEarnings₹8.3315%Over (-44.8%)
DCFCash Flow₹1.2715%Over (-91.6%)
Net Asset ValueAssets₹4.168%Over (-72.5%)
EV/EBITDAEnterprise₹18.1910%Under (+20.5%)
Earnings YieldEarnings₹7.408%Over (-51%)
ROCE CapitalReturns₹14.6510%Fair (-3%)
Revenue MultipleRevenue₹10.676%Over (-29.3%)
Consensus (8 models)₹6.60100%Overvalued
Key Drivers: EPS CAGR -20.5% drags value — could be higher if earnings stabilize. | ROE 0.7% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -20.5%

*Investments are subject to market risks

Investment Snapshot

46
Hindustan Construction Company Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 25.2% ExcellentROE 0.7% WeakD/E -2.63 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 2.09% MF sellingPromoter holding at 16.8% Stable
Earnings Quality60/100 · Moderate
OPM stable around 11% SteadyWorking capital: 17 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -31% YoY DecliningProfit (4Q): -69% YoY Declining
Industry Rank35/100 · Weak
P/E 23.8 vs industry 11.2 Premium to peersROCE 25.2% vs industry 13.1% Above peersROE 0.7% vs industry 12.5% Below peers3Y sales CAGR: -19% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:03 am

Market Cap 3,963 Cr.
Current Price 15.1
Intrinsic Value₹6.60
High / Low 31.5/13.6
Stock P/E23.8
Book Value 4.17
Dividend Yield0.00 %
ROCE25.2 %
ROE0.70 %
Face Value 1.00
PEG Ratio-1.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hindustan Construction Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hindustan Construction Company Ltd 3,963 Cr. 15.1 31.5/13.623.8 4.170.00 %25.2 %0.70 % 1.00
Patel Engineering Ltd 2,384 Cr. 24.0 47.0/22.06.29 39.60.00 %15.4 %10.4 % 1.00
Embassy Developments Ltd 5,761 Cr. 41.4 128/39.5 73.80.00 %3.19 %2.53 % 2.00
Peninsula Land Ltd 547 Cr. 16.5 46.0/13.8 6.210.00 %4.26 %12.3 % 2.00
Tantia Constructions Ltd 348 Cr. 22.4 42.0/19.43.44 19.90.00 %17.2 %36.4 % 1.00
Industry Average2,600.60 Cr23.8811.1828.740.00%13.05%12.47%1.40

All Competitor Stocks of Hindustan Construction Company Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 2,2571,3583,0941,9271,8331,4741,7731,8161,4071,0071,3741,091961
Expenses 1,9161,5022,7791,6301,5791,2361,8911,6641,1651,0901,085912815
Operating Profit 341-144315296254239-118152242-83288179146
OPM % 15%-11%10%15%14%16%-7%8%17%-8%21%16%15%
Other Income 2507417130351997103346589182723
Interest 248236266246256146165146159183111122120
Depreciation 3232322928301826269022126
Profit before tax 312-338187515261410141022341737342
Tax % -2%-24%-1%-4%161%30%40%118%38%117%48%31%-13%
Net Profit 319-25819053-3182246-264-39905148
EPS in Rs 1.32-1.070.790.22-0.010.751.02-0.010.26-0.150.340.190.18

Last Updated: January 1, 2026, 11:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9,66810,3538,5409,86710,13210,5449,4448,24810,6688,2707,0075,6034,351
Expenses 8,8309,1087,5009,1039,4019,7638,6007,8579,4807,7226,3364,9693,670
Operating Profit 8381,2441,0407647317818443911,188548671634681
OPM % 9%12%12%8%7%7%9%5%11%7%10%11%16%
Other Income 159164126-37-105-452487-122615497974653144
Interest 1,0911,2801,2201,5431,5258088171,0011,0361,012813600476
Depreciation 30732725020620117715213613812810516445
Profit before tax -401-199-304-1,022-1,100-657362-867628-94726523304
Tax % -4%14%76%-4%-1%-92%46%-30%10%-71%34%78%
Net Profit -364-208-537-983-1,090-50197-610563-28478113197
EPS in Rs -1.92-1.04-2.42-3.15-3.37-0.210.81-2.522.33-0.121.980.430.74
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)42.86%-158.17%-83.05%-10.89%95.41%494.00%-409.64%192.30%-104.97%1807.14%-76.36%
Change in YoY Net Profit Growth (%)0.00%-201.03%75.12%72.17%106.30%398.59%-903.64%601.94%-297.27%1912.12%-1883.50%

Hindustan Construction Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-10%
3 Years:-19%
TTM:-29%
Compounded Profit Growth
10 Years:7%
5 Years:%
3 Years:%
TTM:67%
Stock Price CAGR
10 Years:6%
5 Years:36%
3 Years:27%
1 Year:-43%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-1%

Last Updated: September 5, 2025, 6:15 am

Balance Sheet

Last Updated: December 4, 2025, 1:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 616578101102151151151151151151182182
Reserves 496459-560-369-1,170-1,151-910-1,469-810-866-320724910
Borrowings 11,15011,8809,4959,7809,4564,1084,2534,7772,0185,5122,2231,6791,610
Other Liabilities 6,0956,6066,7187,5578,1987,8028,7079,32212,8358,3817,0055,5045,834
Total Liabilities 17,80119,01015,73017,06916,58610,91012,20012,78114,19413,1789,0598,0888,537
Fixed Assets 3,2334,4941,8651,7131,729575771866723623449242235
CWIP 3,6453,1351,6961,8901,714169178210179
Investments 1592736014764171813564185979246110201
Other Assets 10,76311,10811,56812,99012,7269,98510,89511,49613,41112,4758,3647,7298,092
Total Assets 17,80119,01015,73017,06916,58610,91012,20012,78114,19413,1789,0598,0888,537

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 74070287481,4411835383489471691134
Cash from Investing Activity + -1,270-843180-5971-5-18-83-208448536-72
Cash from Financing Activity + 470-181-39746-1,336-312-514101-660-603-810109
Net Cash Flow -60-322-13134176-133536679-139-183171
Free Cash Flow -517-23214-1801,498158471287892-189171140
CFO/OP 77%54%8%9%200%37%71%60%87%2%19%22%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow827.00-10.00-8.00755.00722.00777.00840.00387.00-1.00543.00669.00633.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 28262585891237319972119115156
Inventory Days 2,0072,4428761,09381328320117918352
Days Payable 6561,2481,0731,4511,1851,2291,3011,0931,035847
Cash Conversion Cycle 1,3791,220-172-273-282-824-1,02719972-795-738-640
Working Capital Days -27-58-58-23-150-43-127-72-40-242217
ROCE %6%8%7%6%7%12%29%11%50%16%21%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 18.59%18.59%18.59%18.59%18.59%18.59%18.59%16.72%16.72%16.72%16.72%16.81%
FIIs 12.29%5.64%5.58%7.84%9.19%9.63%9.73%13.34%10.57%9.83%9.58%10.41%
DIIs 12.45%11.76%9.52%9.38%8.19%6.55%5.97%7.50%6.85%6.83%6.79%4.76%
Public 56.66%63.99%66.30%64.18%64.02%65.23%65.69%62.43%65.87%66.61%66.91%68.01%
No. of Shareholders 3,58,0313,47,6533,82,8463,95,9145,03,5386,41,8346,81,4356,97,8467,30,2737,20,8897,10,2537,31,008

Shareholding Pattern Chart

No. of Shareholders

Hindustan Construction Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Infrastructure Fund - Regular Plan 6,000,000 1.1 28.316,000,0002025-04-22 13:48:270%
Shriram Flexi Cap Fund 438,618 1.56 2.07438,6182025-04-22 15:56:570%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.663.16-0.192.64-4.03
Diluted EPS (Rs.) 0.663.16-0.192.64-4.03
Cash EPS (Rs.) 2.403.580.602.07-3.57
Book Value[Excl.RevalReserv]/Share (Rs.) 4.98-1.11-4.72-5.19-8.71
Book Value[Incl.RevalReserv]/Share (Rs.) 4.98-1.11-4.72-5.19-8.71
Revenue From Operations / Share (Rs.) 30.8046.3165.1470.5254.51
PBDIT / Share (Rs.) 5.045.314.188.893.16
PBIT / Share (Rs.) 4.144.623.337.972.26
PBT / Share (Rs.) 3.754.87-0.651.86-6.16
Net Profit / Share (Rs.) 1.502.89-0.241.16-4.46
NP After MI And SOA / Share (Rs.) 0.613.16-0.182.64-4.03
PBDIT Margin (%) 16.3611.476.4112.605.79
PBIT Margin (%) 13.439.975.1111.304.14
PBT Margin (%) 12.1810.50-1.002.64-11.30
Net Profit Margin (%) 4.866.23-0.371.64-8.18
NP After MI And SOA Margin (%) 2.016.82-0.283.74-7.39
Return on Networth / Equity (%) 12.43-283.800.00-50.920.00
Return on Capital Employeed (%) 23.1022.138.1851.7917.07
Return On Assets (%) 1.395.27-0.212.81-4.77
Long Term Debt / Equity (X) 1.15-9.92-6.79-1.50-1.07
Total Debt / Equity (X) 1.85-12.51-7.41-2.28-2.63
Asset Turnover Ratio (%) 0.650.630.460.380.22
Current Ratio (X) 1.211.161.091.030.96
Quick Ratio (X) 1.181.081.020.980.92
Inventory Turnover Ratio (X) 19.860.000.000.000.00
Interest Coverage Ratio (X) 1.530.980.621.300.47
Interest Coverage Ratio (Post Tax) (X) 0.570.550.551.090.59
Enterprise Value (Cr.) 5675.666370.696212.412624.463422.38
EV / Net Operating Revenue (X) 1.010.900.630.240.41
EV / EBITDA (X) 6.197.939.821.957.16
MarketCap / Net Operating Revenue (X) 0.830.680.210.220.14
Price / BV (X) 5.19-28.35-2.90-3.03-0.92
Price / Net Operating Revenue (X) 0.830.680.210.220.14
EarningsYield 0.020.10-0.010.16-0.49

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hindustan Construction Company Ltd. is a Public Limited Listed company incorporated on 28/01/1926 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH1926PLC001228 and registration number is 001228. Currently Company is involved in the business activities of Construction and maintenance of power plants. Company's Total Operating Revenue is Rs. 4801.05 Cr. and Equity Capital is Rs. 181.94 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringHincon House, Lal Bahadur Shastri Marg, Mumbai Maharashtra 400083Contact not found
Management
NamePosition Held
Mr. Ajit GulabchandChairman
Mr. Arjun DhawanVice Chairman & Mng.Director
Mr. Aditya Pratap JainNon Executive Director
Mr. Santosh JanakiramIndependent Director
Mr. Mahendra Singh MehtaIndependent Director
Dr. Mita DixitIndependent Director
Mr. Arun KarambelkarIndependent Director
Mr. Ramesh SubramanyamIndependent Director
Mr. Mukul SarkarNominee Director

FAQ

What is the intrinsic value of Hindustan Construction Company Ltd and is it undervalued?

As of 18 April 2026, Hindustan Construction Company Ltd's intrinsic value is ₹6.60, which is 56.29% lower than the current market price of ₹15.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.70 %), book value (₹4.17), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hindustan Construction Company Ltd?

Hindustan Construction Company Ltd is trading at ₹15.10 as of 18 April 2026, with a FY2026-2027 high of ₹31.5 and low of ₹13.6. The stock is currently near its 52-week low. Market cap stands at ₹3,963 Cr..

How does Hindustan Construction Company Ltd's P/E ratio compare to its industry?

Hindustan Construction Company Ltd has a P/E ratio of 23.8, which is above the industry average of 11.18. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Hindustan Construction Company Ltd financially healthy?

Key indicators for Hindustan Construction Company Ltd: ROCE of 25.2 % indicates efficient capital utilization; ROE of 0.70 % is below ideal levels (industry average: 12.47%). Dividend yield is 0.00 %.

Is Hindustan Construction Company Ltd profitable and how is the profit trend?

Hindustan Construction Company Ltd reported a net profit of ₹113 Cr in Mar 2025 on revenue of ₹5,603 Cr. Compared to ₹563 Cr in Mar 2022, the net profit shows a declining trend.

Does Hindustan Construction Company Ltd pay dividends?

Hindustan Construction Company Ltd has a dividend yield of 0.00 % at the current price of ₹15.10. The company is currently not paying meaningful dividends.

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 Hindustan Construction Company 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
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