Latest news with #HGInfra
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Business Standard
4 days ago
- Business
- Business Standard
HG Infra shares rise 5% on ₹117.7 crore defence order win; details here
Shares of HG Infra Engineering rose over 5 per cent on Tuesday after securing a ₹117.77 crore order from the Military Engineer Services for the creation of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai. The civil construction firm's stock rose as much as 5.3 per cent during the day to ₹1,097 per share, the biggest intraday gain since May 12 this year. The stock pared gains to trade 3.8 per cent higher at ₹1,052 apiece, compared to a 1.28 per cent decline in Nifty 50 as of 11:55 AM. Shares of the company have fallen over 11 per cent from their recent highs of ₹1,299, which it hit last month. The counter has fallen 5 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. HG Infra has a total market capitalisation of ₹6,845.9 crore, according to BSE data. Track LIVE Stock Market Updates Here HG Infra bags ₹117.7 crore defence project The company was declared the lowest bidder for a defence infrastructure project awarded by the Military Engineer Services (MES), according to an exchange filing on Monday. The project involves the creation of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai (ND (MBI)), Maharashtra. The contract, valued at ₹117.77 crore, has been awarded on an item-rate basis and is expected to be executed within 30 months, the statement said. HG Infra Q4FY25 results HG Infra's net profit slipped by 22.65 per cent to ₹146.98 crore in the quarter ended March 2025, compared to ₹190.03 crore in the corresponding quarter of the previous financial year. Revenue from operations fell by 20.33 per cent to ₹1,360.89 crore in the quarter ended March 2025, as against ₹1,708.26 crore in the same quarter last year. On the operational front, earnings before interest, tax, depreciation, and amortisation (Ebita) fell 28 per cent to ₹239.5 crore, from ₹332.6 crore a year earlier. The Ebitda margin contracted to 17.6 per cent from 19.5 per cent. About HG Infra Engineering Established in 2003, HG Infra Engineering is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects.
Economic Times
5 days ago
- Business
- Economic Times
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 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%. ADVERTISEMENT Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months 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. ADVERTISEMENT Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO 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) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
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. 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo The project is scheduled to be executed over a period of 30 months. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. HG Infra financial performance 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. Live Events 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%. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months HG Infra Engineering share price target 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'. 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. Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO 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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Business Standard
22-05-2025
- Business
- Business Standard
HG Infra shares slump 9%, log worst day in over a month on weak Q4
Shares of HG Infra Engineering tumbled over 9 per cent in Thursday's intraday session as net profit for the fourth quarter of the financial year 2025-25 (Q4FY25) fell by 22.65 per cent. The civil construction firm's stock fell as much as 9.07 per cent during the day to ₹1,187 per share, the biggest intraday fall since April 7 this year. The stock pared losses to trade 6.4 per cent lower at ₹1,173 apiece, compared to a 0.88 per cent decline in Nifty 50 as of 9:58 AM. Shares of the company have fallen over 8 per cent from their recent highs of ₹1,275, which it hit earlier this month. The counter has fallen 22 per cent this year, compared to a 3.7 per cent advance in the benchmark Nifty 50. HG Infra has a total market capitalisation of ₹7,655.65 crore, according to BSE data. Track LIVE Market Updates Here HG Infra Q4FY25 results HG Infra's net profit slipped by 22.65 per cent to ₹146.98 crore in the quarter ended March 2025, compared to ₹190.03 crore in the corresponding quarter of the previous financial year. Revenue from operations fell by 20.33 per cent to ₹1,360.89 crore in the quarter ended March 2025, as against ₹1,708.26 crore in the same quarter last year. For the full year, net profit declined by 6.15 per cent to ₹505.47 crore in the year ended March 2025, compared to ₹538.59 crore in the previous financial year. Revenue from operations declined by 5.99 per cent to ₹5,056.18 crore in the year ended March 2025, as against ₹5,378.48 crore in the preceding year. The company's board also recommended a final dividend of ₹2.00 per equity share of face value ₹10 each for the financial year ended March 31, 2025. About HG Infra Engineering Established in 2003, HG Infra Engineering is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects.
