HG Infra Engineering Limited, incorporated as "H.G. Infra Engineering Private Limited" on January 21, 2003, in Jodhpur, has evolved into one of India's most trusted infrastructure development companies. The company is primarily focused on road construction, highways, and civil engineering projects, boasting a strong portfolio of national and state-level projects that are shaping India's transportation and urban infrastructure with innovation, efficiency, and integrity.
With a resilient two-decade journey, HG Infra has established itself as a leading player in the infrastructure sector and is recognized as one of India's fastest-growing construction companies. It has become an established construction developer in the roads and highways sector, renowned for its strong execution capabilities and a consistent reputation for delivering quality projects.
HG Infra Engineering Limited is an Indian Road Infrastructure Company primarily engaged in Engineering, Procurement, and Construction (EPC) Services, along with the maintenance of roads, bridges, flyovers, and other infrastructure contract works. The company is actively involved in the construction of roads and highways across states such as Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh.
The company has successfully completed over 10 Hybrid Annuity Model (HAM) projects and is currently executing 26 projects across 13 states in India, supported by a fleet of over 3,000 modern equipment. HG Infra maintains a balanced approach between EPC and HAM projects, which ensures steady revenue streams and effective risk diversification.
HG Infra has strategically diversified its operations into railways, metro, solar power, and water projects. The company is delivering end-to-end Railway infrastructure services aimed at enhancing connectivity and modernization. It is transforming urban mobility through strategic metro network projects and is committed to a greener future with large-scale Solar & Battery Energy Storage Systems (BESS) projects that drive sustainability and energy efficiency.
HG Infra Engineering Limited holds an 'AA' class accreditation from the Public Works Department (PWD) of the Government of Rajasthan (GoR). Additionally, it is registered as an 'SS' class contractor with the Military Engineer Services (MES). These accreditations underscore the company's technical prowess and reliability in executing government projects.
Market Capitalization: ₹7,233.98 Cr (as of May 27, 2025)
Promoter Holding: (Data not explicitly provided in the original text, but typically available on financial websites)
In Q4 FY25, the company reported a consolidated net profit of ₹146.98 crore, a 22.65% decline compared to ₹190.03 crore in Q4 FY24. Revenue from operations also fell by 20.33% year-on-year to ₹1,360.89 crore for the quarter ended March 31, 2025. For the full fiscal year 2024-25, consolidated net profit decreased by 6.14% to ₹505.47 crore, with revenue from operations declining by 5.99% to ₹5,056.18 crore compared to FY24.
As of May 27, 2025, the Price-to-Earnings (PE) ratio of H.G. Infra Engineering Ltd stands at 14.86, and the Price-to-Book (PB) ratio is 0.40. The 52-week high for H.G. Infra Engineering Ltd's share price is ₹1,869.90, while the 52-week low is ₹928.55.
The company's board has recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2025. This recommendation is subject to shareholder approval at the upcoming 23rd Annual General Meeting (AGM).
HG Infra Engineering has been declared a qualified bidder by Gujarat Urja Vikas Nigam for a 300 MW/600 MWh project (out of a total 500 MW/1000 MWh) for setting up Standalone Battery Energy Storage Systems (BESS) in Gujarat under Tariff-Based Global Competitive Bidding (Phase-VI). This significant win marks the company's strategic expansion into the renewable energy storage sector.
Additionally, the company recently received a Letter of Intent (LOI) for a transmission project in Odisha under tariff-based competitive bidding, further strengthening its order book and diversifying its project portfolio.
ICRA has reaffirmed its credit ratings for HG Infra Engineering, assigning an 'AA- positive' rating for its long-term cash credit and enhanced limits for bank guarantees. This rating reflects the company's robust financial position and strong creditworthiness.
Analysts generally recommend a "Buy" rating for H.G. Infra Engineering Ltd shares for the long term. Anand Rathi has upgraded its 12-month target price for H.G. Infra Engineering to ₹1,749, citing steady execution and operating profitability. Other analysts recommend a "Strong Buy" with a target price of ₹1,680, indicating a potential upside of approximately 49%.
The Chairman and Managing Director of HG Infra Engineering Limited is Mr. Harendra Singh. The company's unwavering dedication to quality and timely project execution has been instrumental in establishing it as a trusted leader in the infrastructure industry. This success is driven by its core values of Trust, Passion, and Quality in every project undertaken.
HG Infra Engineering remains committed to delivering excellence, aspiring to be among the most admired and trusted infrastructure companies in the country. The company aims to provide qualitative, reliable, and high-quality "creations & services" to all its customers at competitive costs. HG Infra's strategic diversification into renewable energy, railways, and metro projects positions it favorably to meet India's growing infrastructure development needs.
The company's strong order book execution capabilities, diversified project portfolio, and expansion into emerging sectors like battery energy storage systems highlight its commitment to sustainable growth and its ability to adapt to the evolving demands of India's infrastructure sector.
