400 per cent returns and Rs 11,674 crore order book: This multibagger civil construction company bags a new project worth Rs 997.11 crore!

Shares of the company have gained more than 12 per cent in just six months.

On October 06, 2023, HG Infra Engineering Limited informed in the exchange filing that H.G. Karnal-Ringroad Private Limited, a wholly-owned subsidiary company of H.G. Infra Engineering Limited has received the letter from the National Highways Authority of India regarding the declaration of the appointed date. The appointed date for the project is August 31, 2023.

The project involves the construction of a 6-lane green field Karnal Ring Road starting from NH-44 near Village Shamgarh and terminating at Kamal Munak Road near Village Samalakha under Bharatmala Pariyojana in the state of Haryana on Hybrid Annuity Mode (HAM). The project cost is estimated to be Rs 743.74 crore by NHAI and HG Infra bid cost for the project is Rs 997.11 crore. The construction period is 730 days.

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HG Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers. The company’s main business operations include providing engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects on item rate and lump sum basis, primarily in the roads and highway sector.

The company has an order book of Rs 11,674 crore. The stock has delivered multibagger returns of more than 400 per cent in the last three years. The company has a ROCE of 25.4 per cent and an ROE of 29.4 per cent with a market capitalisation of Rs 6,203 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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