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Change
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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹453.1
Change
-14.95 (-3.19%)
Open
₹463.0
Prev. Close
₹468.05
Day High
₹464.0
Day Low
₹450.5
Volume Analysis
Traded
451,893
Delivered
98,228
Delivery %
21.74%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong operating margin (22.0%)
Weaknesses (4)
- •High debt-to-equity ratio (1.54)
- •Low return on equity (8.52%)
- •Promoter holding is falling
- •Below-average fundamentals quality score (42/100)
Opportunities (0)
No signal for this stock
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹474.74 | ₹469.37 | ₹461.24 | ₹455.87 | ₹447.74 | ₹442.37 | ₹434.24 |
| Fibonacci | ₹469.37 | ₹464.21 | ₹461.03 | ₹455.87 | ₹450.71 | ₹447.53 | ₹442.37 |
| Camarilla | ₹456.81 | ₹455.58 | ₹454.34 | ₹455.87 | ₹451.86 | ₹450.63 | ₹449.39 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-38.76%
1 Week
+2.36%
1 Month
-8.74%
3 Months
-20.6%
6 Months
-5.12%
1 Year
-51.82%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹755.91
Current price is at or below the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
6.1%
Net margin 3.83% × asset turnover 0.48x × equity multiplier 3.32x
Company Overview
Sector
Construction
Market Cap
₹2,917 Cr
P/E (TTM)
11.2
ROE
8.52%
Book Value
₹501.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
H.g.infra Engineering Ltd scores weakly on TopFund's composite fundamentals check within the Construction sector, at 42/100. The strongest factor is Valuation (74/100), while Momentum (3/100) is the weakest area to weigh before deciding. Notably: Strong operating margin (22.0%); high debt-to-equity ratio (1.54); low return on equity (8.52%).
TopFund Score — Fundamentals Quality
42/100 — WeakData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Stock is trading at 0.90 times its book value
- +Company's working capital requirements have reduced from 64.8 days to 33.2 days
- −Company has low interest coverage ratio.
- −Dividend payout has been low at 2.78% of profits over last 3 years
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Karnataka GST show-cause notice issued on September 16, 2026, over FY23 audit with ₹94.00 crore liability.
CARE reaffirmed H.G. Infra's ₹140 crore long-term bank facilities at CARE AA, outlook negative.
ICRA reaffirmed AA- ratings on ₹5,600 crore facilities; outlook revised to stable from positive.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,351 | 955 | 1,365 | 1,708 | 1,528 | 902 | 1,265 | 1,361 | 1,482 | 904 | 1,421 | 1,427 | 1,101 |
| Expenses + | 1,070 | 734 | 1,136 | 1,376 | 1,216 | 683 | 978 | 1,121 | 1,223 | 699 | 1,113 | 1,189 | 797 |
| Operating Profit | 281 | 220 | 228 | 333 | 312 | 220 | 287 | 239 | 259 | 206 | 309 | 237 | 304 |
| OPM % | 21.0% | 23.0% | 17.0% | 19.0% | 20.0% | 24.0% | 23.0% | 18.0% | 18.0% | 23.0% | 22.0% | 17.0% | 28.0% |
| Other Income + | 6 | 3 | 22 | 6 | 4 | 4 | 4 | 20 | 2 | 13 | 4 | 60 | -141 |
| Interest | 52 | 59 | 57 | 48 | 57 | 62 | 75 | 71 | 95 | 108 | 129 | 137 | 118 |
| Depreciation | 31 | 35 | 37 | 38 | 35 | 36 | 36 | 37 | 36 | 40 | 44 | 48 | 45 |
| Profit before tax | 203 | 129 | 156 | 252 | 225 | 125 | 180 | 151 | 132 | 71 | 139 | 113 | 0 |
| Tax % | 26.0% | 26.0% | 35.0% | 25.0% | 28.0% | 36.0% | 36.0% | 3.0% | 25.0% | 27.0% | 32.0% | 25.0% | 10,759.0% |
| Net Profit + | 150 | 96 | 102 | 190 | 163 | 81 | 115 | 147 | 99 | 52 | 94 | 85 | -45 |
| EPS in Rs | 23 | 15 | 16 | 29 | 25 | 12 | 18 | 23 | 15 | 8 | 14 | 13 | -7 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 365 | 741 | 1,056 | 1,393 | 2,014 | 2,217 | 2,610 | 3,751 | 4,622 | 5,378 | 5,056 | 5,235 | 4,853 |
| Expenses + | 321 | 663 | 932 | 1,185 | 1,710 | 1,864 | 2,125 | 3,040 | 3,727 | 4,315 | 3,998 | 4,221 | 3,798 |
| Operating Profit | 44 | 78 | 124 | 208 | 305 | 353 | 484 | 711 | 895 | 1,064 | 1,058 | 1,014 | 1,055 |
| OPM % | 12.0% | 11.0% | 12.0% | 15.0% | 15.0% | 16.0% | 19.0% | 19.0% | 19.0% | 20.0% | 21.0% | 19.0% | 22.0% |
| Other Income + | 3 | 2 | 3 | 5 | 14 | 14 | 6 | 6 | 19 | 34 | 32 | 77 | -64 |
| Interest | 16 | 16 | 19 | 40 | 49 | 60 | 94 | 118 | 154 | 217 | 265 | 469 | 492 |
| Depreciation | 17 | 18 | 26 | 54 | 75 | 76 | 84 | 85 | 96 | 141 | 144 | 168 | 177 |
| Profit before tax | 14 | 46 | 83 | 119 | 194 | 231 | 312 | 515 | 665 | 740 | 681 | 455 | 323 |
| Tax % | 32.0% | 35.0% | 36.0% | 29.0% | 34.0% | 28.0% | 24.0% | 26.0% | 26.0% | 27.0% | 26.0% | 27.0% | — |
| Net Profit + | 9 | 30 | 53 | 84 | 127 | 167 | 237 | 380 | 493 | 539 | 505 | 330 | 186 |
| EPS in Rs | 6 | 17 | 30 | 13 | 20 | 26 | 36 | 58 | 76 | 83 | 78 | 51 | 29 |
| Dividend Payout % | 0.0% | 0.0% | 0.0% | 4.0% | 3.0% | 0.0% | 2.0% | 2.0% | 2.0% | 2.0% | 3.0% | 4.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | — | 105 | 158 | 476 | 598 | 761 | 997 | 1,371 | 1,857 | 2,390 | 2,884 | 3,200 |
| Borrowings + | — | 123 | 204 | 408 | 380 | 520 | 768 | 1,184 | 1,910 | 1,513 | 4,170 | 5,029 |
| Other Liabilities + | — | 153 | 192 | 535 | 529 | 869 | 850 | 660 | 1,074 | 1,435 | 1,570 | 2,530 |
| Total Liabilities | — | 398 | 572 | 1,484 | 1,573 | 2,216 | 2,680 | 3,280 | 4,906 | 5,403 | 8,690 | 10,824 |
| Fixed Assets + | — | 116 | 204 | 412 | 462 | 483 | 484 | 459 | 635 | 742 | 885 | 2,297 |
| CWIP | — | 5 | 1 | 9 | 0 | 11 | 2 | 2 | 72 | 14 | 1,349 | 740 |
| Investments | — | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 10 | 10 | 12 | 12 |
| Other Assets + | — | 277 | 367 | 1,064 | 1,108 | 1,722 | 2,195 | 2,819 | 4,189 | 4,637 | 6,444 | 7,775 |
| Total Assets | — | 398 | 572 | 1,484 | 1,573 | 2,216 | 2,680 | 3,280 | 4,906 | 5,403 | 8,690 | 10,824 |
| Equity Capital | — | 18 | 18 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | 65 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | — | — | 64 | -8 | 66 | 36 | 71 | -322 | -139 | -311 | -878 | 250 |
| Cash from Investing Activity + | — | — | -114 | -446 | 9 | -85 | -103 | -66 | -378 | 17 | -1,461 | -1,074 |
| Cash from Financing Activity + | — | — | 62 | 443 | -78 | 71 | 152 | 293 | 562 | 319 | 2,310 | 832 |
| Net Cash Flow | — | — | 13 | -11 | -3 | 21 | 120 | -95 | 44 | 26 | -28 | 8 |
| CFO/OP | — | — | 71 | 16 | 40 | 33 | 31 | -29 | 4 | -11 | -62 | 42 |
| Free Cash Flow | — | — | -44 | -260 | -63 | -58 | -16 | -379 | -457 | -525 | -2,415 | -702 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 10.74% | 11.47% | 11.3% | 11.3% | 12.92% | 13.31% | 13.33% | 14.13% | 14.29% | 15.16% | 16.18% | 16.74% |
| Promoters | 74.53% | 74.53% | 74.53% | 74.53% | 71.77% | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% | 71.78% |
| FII | 1.67% | 1.56% | 1.68% | 2.04% | 2.6% | 2.76% | 2.87% | 2.43% | 2.32% | 1.92% | 1.39% | 1.37% |
| DII | 13.05% | 12.45% | 12.5% | 12.13% | 12.7% | 12.14% | 12.02% | 11.65% | 11.61% | 11.14% | 10.65% | 10.11% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Construction — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| H.g.infra Engineering Ltd (this stock) | 2,917 | 11.2 | 0.89 | 8.52% |
| Patel Engineering Ltd. | 2,739 | 6.98 | 0.62 | 8.95% |
| Ashoka Buildcon Ltd | 3,144 | 4.68 | 0.48 | 0.73% |
| PSP Projects Limited | 3,198 | 43.6 | 2.53 | 4.55% |
| Vindhya Telelinks Ltd | 3,223 | 13.7 | 0.77 | 5.31% |
| Gk Energy Limited | 2,533 | 11.2 | 2.85 | 37.3% |
| Knr Constru Ltd. | 3,367 | 9.85 | 0.68 | 8.7% |
Which Mutual Funds Hold H.g.infra Engineering Ltd?
Frequently Asked Questions about H.g.infra Engineering Ltd
H.g.infra Engineering Ltd (HGINFRA) closed at ₹453.1 on NSE on 25 September 2026, down 14.95 (3.19%) from the previous close.
H.g.infra Engineering Ltd trades on the NSE (National Stock Exchange of India) under the symbol HGINFRA.
H.g.infra Engineering Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 11.2.
H.g.infra Engineering Ltd has a dividend yield of 0.44%.
H.g.infra Engineering Ltd's 52-week high is ₹1,020.0 and its 52-week low is ₹430.0.
H.g.infra Engineering Ltd has a market capitalisation of ₹2,917 crore.
H.g.infra Engineering Ltd has a TopFund Quality Score of 42/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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