Rs 11,674.60 crore order book: This multibagger civil construction company receives completion certificates for orders worth Rs 1,102,02 crore from NHAI!

The stock has a PE of 11.5x and an ROE of 29.40 per cent.

HGIEL informed the exchanges (BSE: 541019; NSE: HGINFRA) that the company informed that H.G. Rewari Ateli Highway Private Limited a wholly owned subsidiary of H.G. Infra Engineering Ltd received completion certification from National Highways Authority of India (NHAI) for the following orders worth Rs 1,102.02 crore:

Order No – 1: Upgradation of four lanes of Rewari- Ateli Mandi as feeder route in the State of Haryana on hybrid annuity mode (HAM). The order was worth Rs 580 crore and completed on November 15, 2021.

Order No – 2: Construction of proposed Rewari Bypass (NH-IT) as feeder route in Rewari District in the State of Haryana on HAM. The order was worth Rs 522.02 crore and completed on May 25, 2023.

Order Book: The company’s order book stands at Rs 11,674.60 crore as of June 30, 2023. The orders are bagged from various clients across India, including NHAI, Adani, DMRC, RVNL and NCR.

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 6,100 crore and reported excellent numbers in its Quarterly Results & annual results.

On Tuesday, shares of H.G. Infra Engineering Ltd surged 2.11 per cent to Rs 947 per share with an intraday high of Rs 947 and an intraday low of Rs 927.95. The stock has a PE of 11.5x and an ROE of 29.40 per cent. The stock is up by 65 per cent in 1 year and gave multibagger returns of over 400 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.