NSE: HGINFRA | BSE: 541019

Weak Stock

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932.45 -4.80 (-0.51%)

Near 52W Low of ₹928.55

23,727 NSE+BSE Volume

NSE 30 Sep, 2025 10:34 AM (IST)

6,076.9

Market Cap

High in industry

1.4

Beta 1Year

Very High Volatility

HG Infra Engineering Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HGINFRA, BSE:541019 HG Infra Engineering Ltd.

HG Infra Engineering Ltd.

06 Apr 2021

932.45

-0.51%

Jan-Mar'21 Earnings Preview - Greenshoots visible, full recovery yet distant

Buy: HG Infra Engineering Ltd.

Prabhudas Lilladhar

We expect strong execution in Q4FY21 for our infra coverage universe with expected revenue growth of 22.2% YoY (average) vs 6.1% in Q3FY21. Operating leverage will enable stable EBITDA margins despite inflationary environment. Adjusted PAT is expected to increase by 87.5% YoY led by...

HG Infra Engineering Ltd. has lost -39.64% in the last 1 Year

HG Infra Engineering Ltd.

01 Apr 2021

932.45

-0.51%

HG Infra Engineering

Buy: HG Infra Engineering Ltd.

ICICI Securities Limited

HG Infra's pre-qualification to bid independently for NHAI's projects has improved by a whopping 8x to | 2,000 crore in FY15-20. This is likely to aid the company with a) eligibility to bid for most road projects (>95% of total NHAI's awards have order value

Number of FII/FPI investors decreased from 119 to 107 in Jun 2025 qtr

HG Infra Engineering Ltd.

11 Nov 2020

932.45

-0.51%

HG Infra Engg

Buy: HG Infra Engineering Ltd.

Target

Dolat Capital

We broadly maintain our estimates for FY21E/ FY22E despite muted H1FY21 as we expect execution to pick up significantly from Q3FY21E in projects worth Rs33.4 bn on receiving the appointed date coupled with stabilization of labour and supply chain issues. We introduce FY23E and expect 4.2%/ 23.6%/ 23.3% revenue growth for FY21E/...

HG Infra Engineering Ltd. has lost -39.64% in the last 1 Year

HG Infra Engineering Ltd.

04 Sep 2020

932.45

-0.51%

HG Infra Engg

Buy: HG Infra Engineering Ltd.

Target

Dolat Capital

During FY20, tendering and awarding of projects of NHAI has been subdued, due to lower government spending, delays in land acquisition and delays in granting of appointment dates. Furthermore, the ordering activity during the end of FY20 had come to a halt on account of the nationwide lockdown due to the outbreak of COVID-19. The Central Government has implemented several measures to provide relief in view of the prevailing situation, such as enabling 3-6 months' extension of the project period in existing contracts, releasing due payments within the...

HG Infra Engineering.. has an average target of 1344.83 from 6 brokers.

HG Infra Engineering Ltd.

18 Aug 2020

932.45

-0.51%

HG Infra Engg

Buy: HG Infra Engineering Ltd.

Target

Yes Securities

At the end of Jun'20, HG Infra's order book stood healthy at ~Rs.68bn(3.5xTTMrevenues).Thecompanyhasnotwonanymajor projects during YTD FY21. However, the management seems...

Number of FII/FPI investors decreased from 119 to 107 in Jun 2025 qtr

HG Infra Engineering Ltd.

28 Jun 2020

932.45

-0.51%

HG Infra Engg

Buy: HG Infra Engineering Ltd.

Yes Securities

We expect, labour shortage to impact execution during H1 FY21. However, the timely receipt of appointed date in Rewari project would support execution in H2 FY21. On overall basis, we expect...

HG Infra Engineering.. has an average target of 1344.83 from 6 brokers.

HG Infra Engineering Ltd.

01 Feb 2020

932.45

-0.51%

Infrastructure: FY21 Budget Reduced funding for infrastructure

Buy: HG Infra Engineering Ltd.

Target

BOB Capital Markets Ltd.

Overall fund allocation for key infrastructure sectors has declined 4% YoY in Union Budget FY21 to Rs 5.5tn, with gross budgetary support at Rs 2.7tn (+10% YoY) the latter includes Rs 1.6tn (+7% YoY) towards roads and railways.

Number of FII/FPI investors decreased from 119 to 107 in Jun 2025 qtr

HG Infra Engineering Ltd.

29 Jan 2020, 05:11PM

932.45

-0.51%

H.G. Infra Engineering (3QFY20): Growth on track. Maintain BUY

Buy: HG Infra Engineering Ltd.

HDFC Securities

HG's NWC is ~58days, standalone debt reduction to Rs 2.7bn by FY20E is on track and HAM equity infusion of Rs 2.6bn will be met from internal accruals. HG targeted bid pipeline is robust at ~Rs 150bn (envisages securing HAM orders of ~Rs10bn and EPC orders of ~Rs10-15bn during 4QFY20). Lending institutions continue to draw comfort from the company's execution track record and financial position as it has achieved timely Financial Closure for its 3 HAM projects. Thus, HG is well placed to achieve FC for its incremental HAM projects. We maintain BUY. Key risks (1) Further delay in NHAI ordering activity; (2) Delays in receipt of pending dues from Rajasthan Project. HG Infra reported Rev/EBIDTA/APAT beat of 2.3/0.9/(3.8)% vs our estimates. The company continues to maintain EBITDA margin around the 15% mark. We maintain BUY on HG with SOTP based TP of Rs 441/Sh, valuing the EPC business at 12x FY21E EPS.