Rs 10,678.2 crore order book & FIIs increase stake: This multibagger civil construction company bags new project worth Rs 655.1 crore from North Central Railway!
The stock has a PE of 10.3x and an ROE of 29.40 per cent.
H.G. Infra Engineering Limited (HGIEL) informed that the company has received the letter from DYCE-C-CNB-Engineering/ North Central Railway from a project worth Rs 655.1 crore and it will be completed within 36 months. The order includes the redevelopment of Kanpur Central Railway Station at Kanpur on engineering, procurement and construction (EPC) mode in the state of Uttar Pradesh.
H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. The company has a market cap of over Rs 5,600 crore and reported excellent numbers in its Quarterly Results & annual results.
Order Book: The company’s order book stands at Rs 10,678.2 crore as of September 30, 2023. The orders are bagged from various clients across India, including NHAI, Adani, DMRC, RVNL and NCR.
Annual Results: The net sales increased by 23.21 per cent to Rs 4,622.01 crore, the operating profit increased by 27.34 per cent to Rs 913.60 crore and the net profit increased by 29.77 per cent to Rs 493.19 crore in FY23 compared to FY22.
Abakkus Emerging Opportunities Fund – 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.47 per cent stake in the company. As of September 2023, FIIs have increased their stake to 1.67 per cent from 1.59 per cent in June 2023.
Today, shares of H.G. Infra Engineering Ltd surged 0.72 per cent to Rs 867.3 per share with an intraday high of Rs 877.95 and an intraday low of Rs 895.35. The stock has a PE of 10.3x and an ROE of 29.40 per cent. The stock gave multibagger returns of 260 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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