Rs 11,674.60 crore order book: This multibagger civil construction stock hit 52-week high as the company reports stellar quarterly results!
The stock is up by 80 per cent in 2 years and gave multibagger returns of over 400 per cent in 3 years.
HGIEL informed the exchanges (BSE: 541019; NSE: HGINFRA) that the company has announced its Quarterly Results (Q1FY24) ended June 30, 2023. Details below:
Quarterly Results: The net sales increased by 22.18 per cent to Rs 1,351.16 crore, the operating profit increased by 41.38 per cent to Rs 286.11 crore and the net profit increased by 37.41 per cent to Rs 150.38 crore in Q1FY24 compared to Q1FY23.
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.
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.
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 6,000 crore.
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On Tuesday, shares of H.G. Infra Engineering Ltd surged 4.08 per cent to make a new 52-week high of Rs 988 per share. At the closing bell, shares of the company were trading at Rs 933.40 per share, down 1.67 per cent with a spurt in volume by more than 1.07 times on BSE. The stock has a low PE of 11.50x and high ROE of 29.40 per cent respectively.
The stock is up by 80 per cent in 2 years 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.