Hindustan Construction Company Ltd
NSE:HCC
Hindustan Construction Company Ltd
Hindustan Construction Co. Ltd. is a holding company, which engages in the provision of engineering and construction services. The company is headquartered in Mumbai, Maharashtra. The Company, through its subsidiaries, is principally engaged in the business of providing engineering and construction services, real estate, infrastructure and urban development and management. The company provides engineering and construction services for projects across sectors, such as transportation, power, water, and buildings and industrial projects. Its transportation projects include construction of roads, highways, expressways, bridges, elevated corridors, railways, metro rails, ports and marine structures. Its power projects include construction of dams, barrages, tunnels, powerhouses, auxiliary buildings, spent fuel buildings and safety pump houses, among others. Its water, and buildings and industrial projects include construction of integrated water supply systems, bulk water transmission, institutional buildings and station buildings, among others.
Hindustan Construction Co. Ltd. is a holding company, which engages in the provision of engineering and construction services. The company is headquartered in Mumbai, Maharashtra. The Company, through its subsidiaries, is principally engaged in the business of providing engineering and construction services, real estate, infrastructure and urban development and management. The company provides engineering and construction services for projects across sectors, such as transportation, power, water, and buildings and industrial projects. Its transportation projects include construction of roads, highways, expressways, bridges, elevated corridors, railways, metro rails, ports and marine structures. Its power projects include construction of dams, barrages, tunnels, powerhouses, auxiliary buildings, spent fuel buildings and safety pump houses, among others. Its water, and buildings and industrial projects include construction of integrated water supply systems, bulk water transmission, institutional buildings and station buildings, among others.
Revenue Decline: HCC reported a standalone turnover of INR 958 crores for the quarter, down from INR 1,200 crores last year, due to project completion and a transition period before new orders ramp up.
Strong Margins: Despite lower turnover, EBITDA margin remained robust at around 16%, and standalone PAT was INR 36.7 crores.
Order Wins & Pipeline: The company secured three new orders totaling INR 2,770 crores, remains L1 on INR 840 crores of projects, and has a bid pipeline of nearly INR 57,000 crores.
Debt Reduction: HCC prepaid INR 339 crores in debt so far this year, with an additional INR 450 crores planned, and expects a further INR 1,000–1,200 crores in debt prepayment by March 2026, supported by a forthcoming INR 1,000 crores rights issue.
Rights Issue Commitment: Promoters confirmed they will fully subscribe to any undersubscribed portion of the upcoming rights issue.
Order Book Strategy: Management is prioritizing larger, higher-margin projects and expects to achieve 20–25% CAGR order book growth over the next 4–5 years.
Profitability Outlook: Full deleveraging and stronger profit growth are expected from FY '27 onward, while FY '26 results are likely to remain flat year-on-year.
