HG Infra Engineering shares in focus after emerging as lowest bidder for Rs 118 crore naval dockyard project
Shares of HG Infra Engineering will be in focus on Tuesday after the company announced that it has emerged as the lowest bidder for a project at the Naval Dockyard in Mumbai.
ADVERTISEMENT The Military Engineer Services (MES) has awarded the company the contract for developing an Integrated Material Handling Facility, valued at approximately Rs 117.77 crore.
The project is scheduled to be executed over a period of 30 months.
HG Infra reported a 22.6% year-on-year decline in net profit to Rs 147 crore for the quarter ended March 2025, down from Rs 190 crore in the same period last year. Revenue also declined 20.3% to Rs 1,360.9 crore from Rs 1,708.2 crore, reflecting a moderation in project activity.Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 28% year-on-year to Rs 239.5 crore, compared to Rs 332.6 crore a year earlier. The EBITDA margin narrowed to 17.6% from 19.5%.
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According to Trendlyne, the average analyst target price for HG Infra Engineering is Rs 1,661, implying an upside potential of around 64% from current levels. Of the 15 analysts tracking the stock, the consensus rating is a 'Strong Buy'.
ADVERTISEMENT On the technical front, the stock's Relative Strength Index (RSI) stands at 35.5, indicating weak momentum. An RSI below 30 is considered oversold, while above 70 is overbought. The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day simple moving averages.
So far in 2025, HG Infra shares have declined nearly 33% and are down about 41% over the past 12 months. The company's market capitalisation currently stands at approximately Rs 6,611 crore.
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Headquartered in Jaipur, Rajasthan, HG Infra Engineering is a leading infrastructure and construction company specialising in the engineering, procurement, and construction (EPC) of roads and highways. The company undertakes projects under government-backed models such as EPC, hybrid annuity (HAM), and public-private partnerships (PPP).In recent years, HG Infra has diversified into railway and metro projects, expanding its capabilities beyond traditional road development.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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