Rs 9,626.3 crore order book: This multibagger civil construction company bags new order worth Rs 447.11 crore from South Central Railway

The stock has a PE of 12x, an ROE of 29.4 per cent and an ROCE of 25.4 per cent.

H.G. Infra Engineering Limited (HGIEL) informed that the company bagged an order worth Rs 447.11 crore from South Central Railway. The order includes the doubling of track between Karanjgaon station at Aurangabad station including electrification and signalling work in connection with the Aurangabad Ankai doubling project in the Nanded Division of South Central Railway. The order has a length of 44.14 km and will be completed within 30 months from LOI.

Earlier, the company was declared as an L-1 bidder by East Central Railway for a project worth Rs 709.11 crore and will be completed within 36 months from LOI. The order is for the construction of double line track formation including earthwork, blanketing, minor bridges, major bridges, electrification works and other miscellaneous works in the Gaya-Son Nagar section in the DDU division in the state of Bihar.

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 and reported amazing numbers in its Quarterly Results & annual results.

Order Book: The company’s order book stands at Rs 9,626.3 crore as of December 31, 2023. The orders are bagged from various clients across India, including NHAI, Adani, DMRC, RVNL and NCR.

The net sales increased by 62.6 per cent to Rs 1,365 crore and the net profit increased by 6.3 per cent to Rs 493.19 crore in Q3FY24 compared to Q3FY23. In its annual results, the net sales increased by 23.21 per cent to Rs 4,622.01 crore and the net profit increased by 29.77 per cent to Rs 493.19 crore in FY23 compared to FY22.

As of December 2023, 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 December 2023, FIIs have decreased their stake to 1.56 per cent and DIIs have decreased their stake to 12.45 per cent compared to September 2023.

Today, shares of H.G. Infra Engineering Ltd surged 0.33 per cent to Rs 924.95 per share with an intraday high of Rs 975.45 and an intraday low of Rs 913.55. The stock has a PE of 12x, an ROE of 29.4 per cent and an ROCE of 25.4 per cent. The shares of the company saw a spurt in volume by more than 4 times on BSE.

The stock gave multibagger returns of 225 per cent in 3 years and a whopping 370 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

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