HG Infra Engineering Ltd
BSE:541019
HG Infra Engineering Ltd
In the bustling arena of India's infrastructure sector, HG Infra Engineering Ltd. has carved a niche as a formidable player. Founded in 2003, the company embarked on its journey from Jaipur, initially serving as a subcontractor but rapidly transforming into a principal contractor. Its growth is anchored in its expertise in executing complex engineering projects, including roads, bridges, highways, and other civil infrastructure developments. With a reputation for timely delivery and stringent quality standards, HG Infra has attracted a mix of private and government contracts, securing its role as a trusted partner in the nation’s infrastructural evolution.
HG Infra thrives on a multi-faceted business model that prioritizes both innovation and efficiency. It capitalizes on India's expanding roadway network needs by participating in public-private partnerships and seeking projects under the National Highways Authority of India (NHAI). The company is not just building roads but crafting vital economic arteries that connect cities and facilitate trade. By employing a strategic mix of state-of-the-art technology and robust financial discipline, HG Infra Engineering generates revenue through meticulous project execution and smart budget management, ensuring profitability while contributing significantly to India's infrastructure landscape.
In the bustling arena of India's infrastructure sector, HG Infra Engineering Ltd. has carved a niche as a formidable player. Founded in 2003, the company embarked on its journey from Jaipur, initially serving as a subcontractor but rapidly transforming into a principal contractor. Its growth is anchored in its expertise in executing complex engineering projects, including roads, bridges, highways, and other civil infrastructure developments. With a reputation for timely delivery and stringent quality standards, HG Infra has attracted a mix of private and government contracts, securing its role as a trusted partner in the nation’s infrastructural evolution.
HG Infra thrives on a multi-faceted business model that prioritizes both innovation and efficiency. It capitalizes on India's expanding roadway network needs by participating in public-private partnerships and seeking projects under the National Highways Authority of India (NHAI). The company is not just building roads but crafting vital economic arteries that connect cities and facilitate trade. By employing a strategic mix of state-of-the-art technology and robust financial discipline, HG Infra Engineering generates revenue through meticulous project execution and smart budget management, ensuring profitability while contributing significantly to India's infrastructure landscape.
Revenue Growth: Q3 FY '26 standalone revenue reached INR 1,450 crores, with management expecting about INR 2,000 crores in Q4 to slightly surpass last year’s total.
Margins: EBITDA margin for Q3 FY '26 stood at 15.5%, with no one-off items; management expects similar margins in the near term, though future projects may trend toward 14%.
PAT Decline: Q3 FY '26 PAT margin dropped to 6.7% from 9.1% YoY, mainly due to higher tax provisioning.
Order Book: Total order book as of December '25 is INR 13,624 crores, led by Roads & Highways (64%), with further INR 4,000–5,000 crores in expected inflows by March '26.
Project Execution: Solar projects are 95.8% complete (targeting full commissioning by March), major highway and rail projects are progressing, and BESS projects are underway with completion expected by FY '27.
Debt Update: Standalone gross debt is INR 1,545 crores, with temporary increase due to solar project funding; expected to reduce as commissioning draws in fresh disbursements.
Order Inflow Target: Management aims for INR 10,000–12,000 crores order inflow in FY '27.
CBI Inquiry: Management confirmed the CBI search had no operational or financial impact and committed to further updates if needed.
