Rs 4,142 crore worth of orders bagged from Maharashtra State Road Development Corporation, stock hits 52-week high!

The company's shares have delivered an impressive return of over 300 per cent to their shareholders in the past three years.

H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement, and construction (EPC) services, as well as the maintenance of roads, bridges, flyovers, and other infrastructure contract works. The company has announced the significant order received by the company.

Order Details:

H.G. Infra Engineering has been declared as an L-1 bidder by the Maharashtra State Road Development Corporation and has been awarded significant contracts for the construction of sections of the Nagpur-Chandrapur Access Controlled Super Communication Expressway. These contracts, awarded domestically, involve Engineering, Procurement, and Construction (EPC) activities. Both contracts are to be executed within a timeframe of 30 months and entail a combined value of Rs 4,142.22 crore. These developments signify a significant investment in enhancing the infrastructure of Maharashtra's road network.

Share Performance:

On Tuesday, the company's stock closed at around Rs 1455.30 per share, with a market capitalisation of Rs 9484.35 crore. Additionally, the stock has delivered an impressive return of around 64 per cent in the past six months only and a multibagger return of 306 per cent in the past three years.

Financial performance

According to the Quarterly Results, in Q4 FY24, the company's revenue surged by 11.26 per cent, reaching Rs 1708 crore, while it reported a net profit of Rs 190 crore during the same period. In FY24, the company reported a revenue of Rs 5378 crore with a net profit of Rs 539 crore.

According to the shareholding pattern of the company, promoters hold 74.53 per cent of the company while FIIs and DIIs both increased their stake in Q4 and currently stand at 1.68 per cent and 12.49 per cent respectively as per the recent update.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.