H.G. Infra Engineering Limited

NSEI:HGINFRA Stock Report

Market Cap: ₹87.1b

H.G. Infra Engineering Valuation

Is HGINFRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HGINFRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HGINFRA (₹1330.35) is trading above our estimate of fair value (₹1072.51)

Significantly Below Fair Value: HGINFRA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HGINFRA?

Key metric: As HGINFRA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HGINFRA. This is calculated by dividing HGINFRA's market cap by their current earnings.
What is HGINFRA's PE Ratio?
PE Ratio16.2x
Earnings₹5.35b
Market Cap₹87.15b

Price to Earnings Ratio vs Peers

How does HGINFRA's PE Ratio compare to its peers?

The above table shows the PE ratio for HGINFRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.3x
POWERMECH Power Mech Projects
30.4x50.9%₹85.5b
532942 KNR Constructions
8.2x-32.4%₹88.3b
532811 Ahluwalia Contracts (India)
19.4x11.5%₹64.3b
533169 Man Infraconstruction
27.3xn/a₹72.7b
HGINFRA H.G. Infra Engineering
16.2x12.0%₹87.1b

Price-To-Earnings vs Peers: HGINFRA is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (21.3x).

Price to Earnings Ratio vs Industry

How does HGINFRA's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$81.50m
533152 MBL Infrastructures
2.4xn/aUS$65.54m
ATLANTAA Atlantaa
2.4xn/aUS$49.25m
SKIL SKIL Infrastructure
0.1xn/aUS$14.03m
HGINFRA 16.2xIndustry Avg. 25.5xNo. of Companies21PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HGINFRA is good value based on its Price-To-Earnings Ratio (16.2x) compared to the Indian Construction industry average (25.5x).

Price to Earnings Ratio vs Fair Ratio

What is HGINFRA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HGINFRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.2x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: HGINFRA is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HGINFRA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,330.35
₹1,686.80
+26.8%
14.6%₹2,100.00₹1,150.00n/a15
Nov ’25₹1,393.30
₹1,718.50
+23.3%
14.2%₹2,100.00₹1,150.00n/a14
Oct ’25₹1,552.65
₹1,691.07
+8.9%
14.4%₹2,100.00₹1,150.00n/a14
Sep ’25₹1,562.35
₹1,657.67
+6.1%
16.1%₹2,100.00₹1,150.00n/a15
Aug ’25₹1,581.00
₹1,420.14
-10.2%
15.5%₹2,100.00₹1,150.00n/a14
Jul ’25₹1,726.95
₹1,367.85
-20.8%
8.5%₹1,611.00₹1,150.00n/a13
Jun ’25₹1,507.55
₹1,367.85
-9.3%
8.5%₹1,611.00₹1,150.00n/a13
May ’25₹1,189.15
₹1,151.69
-3.1%
9.8%₹1,381.00₹922.00n/a13
Apr ’25₹991.35
₹1,139.92
+15.0%
9.3%₹1,338.00₹922.00n/a12
Mar ’25₹900.35
₹1,159.73
+28.8%
7.5%₹1,338.00₹1,013.00n/a11
Feb ’25₹937.65
₹1,126.83
+20.2%
5.7%₹1,218.00₹974.00n/a12
Jan ’25₹848.40
₹1,114.85
+31.4%
6.7%₹1,218.00₹970.00n/a13
Dec ’24₹862.35
₹1,114.85
+29.3%
6.7%₹1,218.00₹970.00n/a13
Nov ’24₹885.45
₹1,146.62
+29.5%
7.2%₹1,283.00₹975.00₹1,393.3013
Oct ’24₹942.35
₹1,145.43
+21.6%
7.0%₹1,283.00₹975.00₹1,552.6514
Sep ’24₹922.90
₹1,128.93
+22.3%
8.8%₹1,283.00₹898.00₹1,562.3515
Aug ’24₹933.45
₹1,114.20
+19.4%
9.7%₹1,283.00₹898.00₹1,581.0015
Jul ’24₹855.40
₹1,085.08
+26.9%
9.3%₹1,259.00₹898.00₹1,726.9513
Jun ’24₹930.90
₹1,084.25
+16.5%
9.9%₹1,259.00₹898.00₹1,507.5512
May ’24₹880.95
₹962.25
+9.2%
7.2%₹1,066.00₹820.00₹1,189.1512
Apr ’24₹782.70
₹962.55
+23.0%
7.5%₹1,067.00₹820.00₹991.3511
Mar ’24₹729.90
₹960.64
+31.6%
7.7%₹1,067.00₹820.00₹900.3511
Feb ’24₹685.20
₹882.82
+28.8%
13.6%₹1,099.00₹700.00₹937.6511
Jan ’24₹619.90
₹871.17
+40.5%
14.0%₹1,099.00₹700.00₹848.4012
Dec ’23₹598.25
₹871.17
+45.6%
14.0%₹1,099.00₹700.00₹862.3512
Nov ’23₹564.50
₹865.42
+53.3%
13.0%₹1,139.00₹706.00₹885.4512

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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