This small-cap infra stock surges almost 76 per cent in 2021 so far

HG Infra Engineering Limited has given approximately 76 per cent returns to the investors on a YTD basis from Rs 215 as of December 31, 2020 to Rs 378.65, which is its 52-week high record made recently. 

On May 12, it posted its result for the quarter ending March 2021. Its consolidated revenue came in at Rs 1,056.29 crore as against Rs 634.12 crore in Q4FY20, registering a 66.6 per cent YoY increase. This increase was led by the better and faster execution of the orders during the quarter. Its EBITDA grew by 76.9 per cent YoY to Rs 192.71 crore as against Rs 108.93 crore in Q4FY20, with a corresponding margin expansion of 107 bps. EBITDA margin for the quarter stood at 18.2 per cent. PAT came in at Rs 111.12 crore as against Rs 54.32 crore in Q4FY20, with a YoY increase of 104.6 per cent. 

Looking at the full-year numbers i.e. for FY21, the revenue jumped by 17 per cent YoY to Rs 2,602.25 crore while EBITDA grew by 34 per cent YoY to Rs 475.73 crore. Further, the company reported a net profit of Rs 236.65 crore, up by 42 per cent YoY. 

Its order book as of March 31, 2021, stood at Rs 7,040 crore. This translates book-to-bill ratio of 2.71x thereby, giving strong revenue visibility for the next 3 years. 

HG Infra is engaged in infrastructure construction, development & management with a focus on road projects, including highways, bridges, and flyovers.