News

Buy HG Infra Engineering Ltd For Target Rs. 1283 - Centrum Broking Ltd HG infra reported good set of numbers for 1QFY24 driven by strong execution across its orderbook delivering 19% YoY growth in revenue. While the numbers were marginally below our estimates, we believe that trend in robust execution amidst good orderbook, stable margins and healthy balance sheet is likely to continue. The management indicated that it is likely to receive the required approvals for the sale of 4 HAM assets in this month and the deal is likely to be concluded soon. We have upgra...
Buy HG Infra Engineering Ltd For Target Rs. 1283 - Centrum Broking Ltd
Buy HG Infra Engineering Ltd For Target Rs. 1283 - Centrum Broking Ltd
Source: Centrum Broking Ltd
3/08/2023 3:06:48 PM
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct Asset monetisation to boost scalability! About the stock: HG Infra Engineering Ltd is a Jaipur (Rajasthan) based infrastructure company having primary focus on Roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting into railways and water infra segment. * Reported 26% revenue CAGR over FY18-23 with improved operating margin. * As on FY23, order book stood at | 12595 crore (2.9x book to TTM revenues) Key Investment Thesis: * Heal...
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct
Source: ICICI Direct
30/07/2023 9:47:24 AM
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct Asset monetisation to boost scalability! About the stock: HG Infra Engineering Ltd is a Jaipur (Rajasthan) based infrastructure company having primary focus on Roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting into railways and water infra segment. * Reported 26% revenue CAGR over FY18-23 with improved operating margin. * As on FY23, order book stood at | 12595 crore (2.9x book to TTM revenues). Investment Rationale * Faste...
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct
Source: ICICI Direct
25/07/2023 2:53:33 PM
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct Asset monetisation to boost scalability! About the stock: HG Infra Engineering Ltd is a Jaipur (Rajasthan) based infrastructure company having primary focus on Roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting into railways and water infra segment. * Reported 26% revenue CAGR over FY18-23 with improved operating margin. * As on FY23, order book stood at | 12595 crore (2.9x book to TTM revenues). Key Investment Thesis: * Hea...
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs. 1150 - ICICI Direct
Source: ICICI Direct
24/07/2023 2:42:33 PM
Buy HG Infra Engineering Ltd For Target Rs. 1130 - Emkay Global Financial Services HG Infra, having demonstrated its execution capabilities in the roads sector with 26%/38% revenue/PAT CAGR (FY19-23), is steadily adopting the diversification strategy — Over FY23, it bagged orders worth Rs15bn in the rail/metro segments, thus opening up larger avenues of growth ahead. HG targets non-roads inflow at 20-25% of the overall inflows, in coming years. Further, it recently entered into a share purchase agreement for four HAM projects at 1.55x P/B which, we believe, will give ...
Buy HG Infra Engineering Ltd For Target Rs. 1130 - Emkay Global Financial Services
Buy HG Infra Engineering Ltd For Target Rs. 1130 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
21/06/2023 3:24:02 PM
Buy HG Infra Engineering Ltd For Target Rs. 1130 - Emkay Global Financial Services HG Infra reported 22%/24% growth in sales/PAT for FY23 on account of strong execution. Order book at the end of the year stands at Rs127bn – up 60% YoY. During the year, the company has successfully diversified into the metro/railways segment with order booking of Rs15bn. Apart from these sectors, the company is also bidding for the water and airports sector, which is a key positive from a medium-term perspective in our view. The company is targeting 23% growth in sales for FY24, with o...
Buy HG Infra Engineering Ltd For Target Rs. 1130 - Emkay Global Financial Services
Buy HG Infra Engineering Ltd For Target Rs. 1130 - Emkay Global Financial Services
Source: Emkay Global Financial Services
18/05/2023 2:07:50 PM
H.G. Infra Engineering surges on reporting 64% rise in Q4 consolidated net profit H.G. Infra Engineering is currently trading at Rs. 937.10, up by 26.45 points or 2.90% from its previous closing of Rs. 910.65 on the BSE. The scrip opened at Rs. 956.05 and has touched a high and low of Rs. 962.95 and Rs. 928.00 respectively. So far 14649 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 962.95 on 11-May-2023 and a 52 week low of Rs. 508.55 on 11-May-2022. Last one week high and low of the scrip...
H.G. Infra Engineering surges on reporting 64% rise in Q4 consolidated net profit
H.G. Infra Engineering surges on reporting 64% rise in Q4 consolidated net profit
Source: Accord Fintech
11/05/2023 11:37:58 AM
Buy HG Infra Engineering Ltd For Target Rs.947 - Yes Securities Our view H G Infra Engineering Ltd’s (HGINFRA) reported stellar quarterly performance beating our and street estimates owing to robust execution of its under-construction portfolio. Company bagged orders worth Rs6.9bn in Q3 taking the orderbook to Rs111bn (2.8x TTM revenue). Going ahead, given robust bid pipeline and large part of OB under execution management is confident of achieving revenue of Rs45bn in FY23E and has given revenue guidance of Rs55-56bn in FY24E with EBIDTAM in the...
Buy HG Infra Engineering Ltd For Target Rs.947 - Yes Securities
Buy HG Infra Engineering Ltd For Target Rs.947 - Yes Securities
Source: Yes Securities Ltd
7/03/2023 2:27:04 PM
HG Infra Engineering surges as it declared L-1 bidder by Rail Vikas Nigam HG Infra Engineering is currently trading at Rs. 734.35, up by 14.85 points or 2.06% from its previous closing of Rs. 719.50 on the BSE. The scrip opened at Rs. 742.95 and has touched a high and low of Rs. 743.00 and Rs. 729.35 respectively. So far 5289 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 783.50 on 17-Feb-2023 and a 52 week low of Rs. 508.55 on 11-May-2022. Last one week high and low of the scrip st...
HG Infra Engineering surges as it declared L-1 bidder by Rail Vikas Nigam
HG Infra Engineering surges as it declared L-1 bidder by Rail Vikas Nigam
Source: Accord Fintech
23/02/2023 10:40:52 AM
Weekly Tech Picks: HDFC Life Insurance Company Ltd, Power Finance Corporation Ltd, Balkrishna industries Ltd, H G Infra Engineering Ltd By Axis Securities HDFC Life Insurance Company Ltd. • HDFCLIFE Ltd. on the weekly chart has decisively broken out above the “Symmetrical Triangular pattern” with strong bullish candle. • The breakout is accompanied with an increase in volume confirming participation at breakout level. • Stock is forming a higher high-low on 6 January, 2023• Stock is forming a higher high-low on the daily chart. This formation indicates a positive uptrend. • The weekly strength in...
Weekly Tech Picks: HDFC Life Insurance Company Ltd, Power Finance Corporation Ltd, Balkrishna industries Ltd, H G Infra Engineering Ltd By Axis Securities
Weekly Tech Picks: HDFC Life Insurance Company Ltd, Power Finance Corporation Ltd, Balkrishna industries Ltd, H G Infra Engineering Ltd By Axis Securities
Source: Axis Securities Ltd
9/01/2023 11:20:27 AM
HG Infra Engineering shines on getting LoA from NHAI for hybrid annuity mode project in Haryana H.G. Infra Engineering is currently trading at Rs. 619.35, up by 43.80 points or 7.61% from its previous closing of Rs. 575.55 on the BSE. The scrip opened at Rs. 608.80 and has touched a high and low of Rs. 624.00 and Rs. 596.85 respectively. So far 77958 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 684.80 on 08-Feb-2022 and a 52 week low of Rs. 481.00 on 28-Jan-2022. Last one week high and low of the scrip...
HG Infra Engineering shines on getting LoA from NHAI for hybrid annuity mode project in Haryana
HG Infra Engineering shines on getting LoA from NHAI for hybrid annuity mode project in Haryana
Source: Accord Fintech
30/12/2022 3:46:20 PM
Buy HG Infra Engineering Ltd For Target Rs.837 - Yes Securities Monetization key trigger Our view H G Infra Engineering Ltd’s (HGINFRA) revenue/EBITDA/APAT came in at INR 7.5/1. 2/0.6bn, miss by 25.4%/23.8%/22.1% due to slower execution owing to onset of monsoon. With delay in receipt of AD of Ganga Expressway project, management has revised its revenue guidance for FY23E to Rs45bn (earlier Rs50bn) with EBITDA margin for FY23E/24E to be at 15.5-16%. In H1FY23, company has bagged projects worth ~Rs47bn taking OB to Rs109bn giving revenue visibi...
Buy HG Infra Engineering Ltd For Target Rs.837 - Yes Securities
Buy HG Infra Engineering Ltd For Target Rs.837 - Yes Securities
Source: Yes Securities Ltd
30/11/2022 3:09:53 PM
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct Decent performance; healthy outlook ahead About the stock: HG Infra Engineering is a Jaipur (Rajasthan) based infrastructure company with primary focus on roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting railways, airport and water infra segments. * Reported 27.9% revenue CAGR during FY17-22; operating margin improved from 14.9% in FY17 to 16.2% in FY22 * Prudent management, lean balance sheet position, superior return ratios ...
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct
Source: ICICI Direct Ltd
30/09/2022 4:30:43 PM
HG Infra Engineering surges as its arm receives completion certificate for Haryana project HG Infra Engineering is currently trading at Rs. 633.50, up by 14.25 points or 2.30% from its previous closing of Rs. 619.25 on the BSE. The scrip opened at Rs. 630.00 and has touched a high and low of Rs. 645.00 and Rs. 622.00 respectively. So far 21373 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 830.80 on 27-Oct-2021 and a 52 week low of Rs. 481.00 on 28-Jan-2022. Last one week high and low of the scrip s...
HG Infra Engineering surges as its arm receives completion certificate for Haryana project
HG Infra Engineering surges as its arm receives completion certificate for Haryana project
Source: Accord Fintech
12/09/2022 12:14:18 PM
Buy HG Infra Engineering Ltd For Target Rs.898- Anand Rathi Share and Stock Brokers Ltd Strong order addition, monentisation on the radar; retaining a Buy Its recent success with the Ganga Expressway EPC order from Adani has sufficiently bolstered HG's assurance, and its proven execution abilities keep us sanguine of an inspiring performance ahead. However, for it to realize the true potential of its life-high OB, timely receipts of appointed dates are critical. The comforting RoW status for most augur well. It realises the importance of churning assets to unlock capital ...
Buy HG Infra Engineering Ltd For Target Rs.898- Anand Rathi Share and Stock Brokers Ltd
Buy HG Infra Engineering Ltd For Target Rs.898- Anand Rathi Share and Stock Brokers Ltd
Source: Anand Rathi Share and Stock Brokers Ltd
28/08/2022 9:51:14 AM
Buy HG Infra Engineering Ltd For Target Rs.837 - Yes Securities Growth momentum to continue Our view H G Infra Engineering Ltd (HGINFRA) reported healthy revenue of Rs10.1bn beating our and street estimates on the back of strong execution of its under?construction projects. During 1Q the company bagged Ganga Expressway order worth Rs45bn thereby taking the order book to Rs115bn (3.1x TTM revenue). Further, given strong bid pipeline of Rs70bn, management expects to bag orders worth Rs50?60bn in FY23E. On the back of strong order book, robust bid pipe...
Buy HG Infra Engineering Ltd For Target Rs.837 - Yes Securities
Buy HG Infra Engineering Ltd For Target Rs.837 - Yes Securities
Source: Yes Securities Ltd
4/08/2022 12:46:20 PM
HG Infra Engineering rises on getting provisional completion certificate for Rajasthan project H.G. Infra Engineering is currently trading at Rs. 593.45, up by 0.55 points or 0.09% from its previous closing of Rs. 592.90 on the BSE. The scrip opened at Rs. 630.00 and has touched a high and low of Rs. 630.00 and Rs. 591.40 respectively. So far 38558 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 830.80 on 27-Oct-2021 and a 52 week low of Rs. 481.00 on 28-Jan-2022. Last one week high and low of the scrip ...
HG Infra Engineering rises on getting provisional completion certificate for Rajasthan project
HG Infra Engineering rises on getting provisional completion certificate for Rajasthan project
Source: Accord Fintech
2/08/2022 12:33:35 PM
HG Infra Engineering surges on receiving LoA from Adani Road Transport HG Infra Engineering is currently trading at Rs. 580.75, up by 18.15 points or 3.23% from its previous closing of Rs. 562.60 on the BSE. The scrip opened at Rs. 563.95 and has touched a high and low of Rs. 593.45 and Rs. 563.95 respectively. So far 19675 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 830.80 on 27-Oct-2021 and a 52 week low of Rs. 357.90 on 24-Jun-2021. Last one week high and low of the scrip s...
HG Infra Engineering surges on receiving LoA from Adani Road Transport
HG Infra Engineering surges on receiving LoA from Adani Road Transport
Source: Accord Fintech
7/06/2022 3:48:48 PM
Buy HG Infra Engineering Ltd For Target Rs.832 - Yes Securities Strong guidance Our view H G Infra Engineering Ltd (HGINFRA) reported very strong set of numbers, beating our and street estimates on both execution and margins front. The execution momentum was driven by ramp up in operations of its under‐construction projects. On the back of strong order book, robust bid pipeline and 5 HAM projects expected to receive AD by 1HFY23 leading to entire OB under execution, management expects robust momentum in execution giving a guidance of Rs50bn/ Rs60bn ...
Buy HG Infra Engineering Ltd For Target Rs.832 - Yes Securities
Buy HG Infra Engineering Ltd For Target Rs.832 - Yes Securities
Source: Yes Securities Ltd
26/05/2022 10:30:21 AM
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct Strong execution led operating beat … About the stock: HG Infra Engineering is a Jaipur (Rajasthan) based infrastructure company having primary focus on roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting railways, airport, and water infra segments Reported 28.8% revenue CAGR during FY16-21; operating margin improved consistently from 11.0% in FY16 to 16.2% in FY21 Proficient management, net debt free, superior return ratio ...
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct
Source: ICICI Direct
6/04/2022 2:17:34 PM
Buy HG Infra Engineering Ltd For Target Rs.968 - Centrum Broking Stellar quarter; robust growth to continue HG Infra (HG) reported strong performance in Q3FY22. PAT grew sharply by 36% YoY to Rs889m, above estimate of Rs804m (consensus: Rs682m), led by higher execution. Execution visibility for Q4FY22 remains strong, while robust order wins of Rs43bn in YTDFY22 strengthen the outlook for FY23/24E. HG has shown agility by securing 5 HAM projects in Telangana, Odisha and AP, outside its comfort zone of North/North Western states. HG is also actively evalu...
Buy HG Infra Engineering Ltd For Target Rs.968 - Centrum Broking
Buy HG Infra Engineering Ltd For Target Rs.968 - Centrum Broking
Source: Centrum Broking Ltd
12/02/2022 9:12:38 AM
Centrum Broking gives 'buy' call for HG Infra Engg, PI Industries, SBI Brokerage house Centrum Broking has given a 'buy' call for shares such as HG Infra Engineering, PI Industries, and State Bank of India. For HG Infra Engineering, the brokerage has kept the target price at Rs 968. The current price is Rs 663. The company showed "agility" by securing five HAM projects in Telangana, Odisha and AP, outside its comfort zone of north and northwestern states, the brokerage said, adding that the balance sheet remained steady. "HG is al...
Centrum Broking gives 'buy' call for HG Infra Engg, PI Industries, SBI
Centrum Broking gives 'buy' call for HG Infra Engg, PI Industries, SBI
Source: IANS
7/02/2022 7:12:10 PM
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct Strong execution; healthy growth outlook… About the stock: HG Infra Engineering is a Jaipur (Rajasthan) based infrastructure company with primary focus on roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting the railways, airport and water infra segment. * Reported 28.8% revenue CAGR during FY16-21; operating margin improved consistently from 11.0% in FY16 to 16.2% in FY21 * Proficient management, net debt free, superior retu...
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs.885 - ICICI Direct
Source: ICICI Direct
13/12/2021 9:47:26 AM
Buy HG Infra Engineering Ltd For Target Rs.675 - ICICI Direct Heathy execution; strong growth outlook… About the stock: HG Infra Engineering is a Jaipur (Rajasthan) based infrastructure company having primary focus on roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting the railways, airport and water infra segment. * Reported 28.8% revenue CAGR during FY16-21; operating margin improved consistently from 11.0% in FY16 to 16.2% in FY21 * Proficient management, net debt free, superior ret...
Buy HG Infra Engineering Ltd For Target Rs.675 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs.675 - ICICI Direct
Source: ICICI Direct
22/09/2021 10:52:00 AM
Buy HG Infra Engineering Ltd For Target Rs.800 - Emkay Global Moving up the ranks * HG Infra has transformed itself from a sub-contractor in the road sector to one of the large EPC players with a HAM portfolio. This transformation, along with high volume, helped HG Infra increase the margin from ~12% in FY17 to ~16% in FY21. * Investments in people, plants and processes boosted growth (29% sales CAGR over FY16-FY21) and the IPO in 2018 ensured a strong balance sheet. Working capital management has been among the best in the industry. * The gov...
Buy HG Infra Engineering Ltd For Target Rs.800 - Emkay Global
Buy HG Infra Engineering Ltd For Target Rs.800 - Emkay Global
Source: Emkay Global Financial Services Ltd
19/08/2021 10:20:39 AM
HG Infra - Receipt of EPC Order worth Rs 1,393 cr by Mr. Amarjeet Maurya, Angel Broking Ltd Below are Quote on HG Infra - Receipt of EPC Order worth Rs 1,393 cr by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd  HG Infra Engineering Ltd (HG Infra) is a leading player in the roads & highways space with an execution track record of over 17 years. HG Infra has been declared L-1 bidder for an EPC order from NHAI which is development of 6 Lane Urban Extension Road NH-344M Package 1 (From NH1 to Karala-K...
HG Infra - Receipt of EPC Order worth Rs 1,393 cr by Mr. Amarjeet Maurya, Angel Broking Ltd
HG Infra - Receipt of EPC Order worth Rs 1,393 cr by Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
9/07/2021 4:23:38 PM
Buy HG Infra Engineering Ltd For Target Rs. 420 - ICICI Direct Healthy execution; strong growth outlook… HG Infra Engineering (HG Infra) reported a robust set of Q4FY21 numbers. Standalone revenue improved 65% YoY to | 1,027.8 crore, clearly reflecting the sharp pickup in execution aided by healthy order book position and normalisation of labour availability/raw material supply chain post Covid-19 related disruptions. Also, operating profit margin was at an elevated 16.2%, down 8 bps YoY, on account of better project mix. At PAT level, robust o...
Buy HG Infra Engineering Ltd For Target Rs. 420 - ICICI Direct
Buy HG Infra Engineering Ltd For Target Rs. 420 - ICICI Direct
Source: ICICI Direct
31/05/2021 10:15:39 AM
Buy HG Infra Engineering Ltd For Target Rs.444 - Yes Securities Result Highlights * The Company has reported net sales of Rs. 10.3bn on standalone basis, a growth of 65.0% yoy and 40.0% qoq (our est. Rs.7.9bn). The net sales for FY21 stood at  Rs. 25.3bn up by 15.1% yoy. * EBITDA for the quarter came in at Rs. 1.7bn up by 64.2% yoy and 41.0% qoq. The company reported a strong EBITDA margin of 16.2% during Q4 FY21 (16.3% in Q4 FY20).   * Adjusted PAT almost doubled yoy to Rs. 977 mn. * During the quarter, the company won projects...
Buy HG Infra Engineering Ltd For Target Rs.444 - Yes Securities
Buy HG Infra Engineering Ltd For Target Rs.444 - Yes Securities
Source: Yes Securities Ltd
17/05/2021 11:32:45 AM
Buy HG Infra Engineering Ltd For Target Rs.408 - HDFC Securities Beat on all fronts HG Infra reported revenue of Rs 7.3bn, 10.5% beat to our estimate and 28% YoY growth. The company also surprised positively on margins (16.1% vs 15% estimated), leading to 39% beat on APAT. While HG did not secure any orders during 9MFY21, it aims to win Rs 30-40bn during FY21. Order backlog is robust at Rs 59.7bn (~3x FY20 Rev). Standalone net debt reduced to Rs 1.1bn from Rs 1.7bn in Dec-20. We increase our FY21 estimates to factor in robust quarter and maintain BUY wi...
Buy HG Infra Engineering Ltd For Target Rs.408 - HDFC Securities
Buy HG Infra Engineering Ltd For Target Rs.408 - HDFC Securities
Source: HDFC Securities Ltd
12/02/2021 9:52:10 AM
Buy HG Infra Engineering Ltd For Target Rs.297 - Yes Securities Execution momentum to continue Our view With appointed dates in place for all projects and better labor availability, the execution momentum is expected to continue. Operating margin is expected to remain healthy at ~15% levels. While the Order inflows have been disappointing, the current bid pipeline would ensure opportunity to bag orders over the next few months. Improving working capital position (certain slow moving debtors getting cleared) provides comfort. Expected Monetization o...
Buy HG Infra Engineering Ltd For Target Rs.297 - Yes Securities
Buy HG Infra Engineering Ltd For Target Rs.297 - Yes Securities
Source: Yes Securitiies Ltd
3/02/2021 10:41:57 AM