Rs 15,641.80 crore order book: Multibagger civil construction company has been declared as qualified bidder by the NTPC Vidyut Vyapar Nigam Ltd
The stock is up by 67.4 per cent from its 52-week low of Rs 806 per share and gave multibagger returns of over 600 per cent in 5 years.
On Wednesday, shares of H.G. Infra Engineering Limited (HGIEL) gained 1.08 per cent to 1,349.15 per share from its previous closing of Rs 1,334.75 with an intraday high of Rs 1,379.10 and an intraday low of Rs 1,320.85. The stock’s 52-week high is Rs 1,880 and its 52-week low is Rs 806.
H.G. Infra Engineering Limited (HGIEL) has been awarded a significant contract by NTPC Vidyut Vyapar Nigam Limited to set up a 185 MW/370 MWh standalone battery energy storage system in India. This contract is part of the larger project to establish 500 MW/1000 MWh of such systems. The project is being undertaken under a tariff-based competitive bidding process and is supported by viability gap funding. HGIEL is expected to complete the project within 1.5 years, offering a tariff rate of 238,000 per MW per month. This contract is a crucial step towards strengthening India's renewable energy grid and ensuring a reliable and sustainable power supply.
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 8,700 crore and reported amazing numbers in its Quarterly Results & annual results.
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Order Book: The company’s order book stands at Rs 15,641.80 crore as of June 30, 2023. The orders are bagged from various clients across India, including NHAI, Adani, DMRC, RVNL and NCR.
The net sales increased by 13.1 per cent to Rs 1,528 crore and the net profit increased by 8.1 per cent to Rs 162.6 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 16.4 per cent to Rs 5,378.48 crore and the net profit increased by 9.4 per cent to Rs 538.22 crore in FY24 compared to FY23.
As of September 2024, Abakkus Emerging Opportunities Fund – 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.33 per cent stake in the company. The stock has an ROE of 24 per cent and an ROCE of 24 per cent. The stock is up by 67.4 per cent from its 52-week low of Rs 806 per share and gave multibagger returns of over 600 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.