H.G. Infra Engineering Limited

NSEI:HGINFRA Stock Report

Market Cap: ₹58.4b

H.G. Infra Engineering Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

₹868.6
Fair Value
3.2% overvalued intrinsic discount
14
Number of Analysts

Below Fair Value: HGINFRA (₹896.65) is trading above our estimate of fair value (₹868.6)

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 Ratio13.2x
Earnings₹4.42b
Market Cap₹58.44b

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 Average39.4x
ASHOKA Ashoka Buildcon
3.2x-57.97%₹55.8b
532395 AXISCADES Technologies
74.1xn/a₹66.2b
532811 Ahluwalia Contracts (India)
22.5x17.55%₹59.1b
PRAJIND Praj Industries
57.7x36.91%₹60.9b
HGINFRA H.G. Infra Engineering
13.2x19.18%₹58.4b

Price-To-Earnings vs Peers: HGINFRA is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (39.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
542851 Gensol Engineering
1.4xn/aUS$13.64m
509845 R. J. Shah
3xn/aUS$1.90m
No more companies available in this PE range
HGINFRA 13.2xIndustry Avg. 19.2xNo. of Companies25PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HGINFRA is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Indian Construction industry average (19.2x).

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 Ratio13.2x
Fair PE Ratio29.6x

Price-To-Earnings vs Fair Ratio: HGINFRA is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (29.6x).

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₹896.65
₹1,430.21
+59.51%
15.03%₹1,900.00₹1,000.00n/a14
Nov ’26₹922.30
₹1,466.43
+59.00%
17.63%₹1,987.00₹1,000.00n/a14
Oct ’26₹960.85
₹1,498.64
+55.97%
17.54%₹1,987.00₹1,000.00n/a14
Sep ’26₹992.05
₹1,505.40
+51.75%
16.95%₹1,987.00₹1,000.00n/a15
Aug ’26₹1,027.10
₹1,661.47
+61.76%
12.77%₹1,987.00₹1,288.00n/a15
Jul ’26₹1,085.00
₹1,661.47
+53.13%
12.77%₹1,987.00₹1,288.00n/a15
Jun ’26₹1,119.80
₹1,661.47
+48.37%
12.77%₹1,987.00₹1,288.00n/a15
May ’26₹1,074.00
₹1,633.79
+52.12%
14.59%₹1,920.00₹1,150.00n/a14
Apr ’26₹1,093.10
₹1,691.69
+54.76%
13.11%₹1,920.00₹1,150.00n/a16
Mar ’26₹964.40
₹1,719.53
+78.30%
11.69%₹1,920.00₹1,150.00n/a15
Feb ’26₹1,288.35
₹1,717.40
+33.30%
12.66%₹2,100.00₹1,150.00n/a15
Jan ’26₹1,505.45
₹1,704.40
+13.22%
13.60%₹2,100.00₹1,150.00n/a15
Dec ’25₹1,331.15
₹1,686.80
+26.72%
14.57%₹2,100.00₹1,150.00n/a15
Nov ’25₹1,393.30
₹1,718.50
+23.34%
14.22%₹2,100.00₹1,150.00₹922.3014
Oct ’25₹1,552.65
₹1,691.07
+8.92%
14.40%₹2,100.00₹1,150.00₹960.8514
Sep ’25₹1,562.35
₹1,657.67
+6.10%
16.07%₹2,100.00₹1,150.00₹992.0515
Aug ’25₹1,581.00
₹1,420.14
-10.17%
15.46%₹2,100.00₹1,150.00₹1,027.1014
Jul ’25₹1,726.95
₹1,367.85
-20.79%
8.54%₹1,611.00₹1,150.00₹1,085.0013
Jun ’25₹1,507.55
₹1,367.85
-9.27%
8.54%₹1,611.00₹1,150.00₹1,119.8013
May ’25₹1,189.15
₹1,151.69
-3.15%
9.76%₹1,381.00₹922.00₹1,074.0013
Apr ’25₹991.35
₹1,139.92
+14.99%
9.31%₹1,338.00₹922.00₹1,093.1012
Mar ’25₹900.35
₹1,159.73
+28.81%
7.50%₹1,338.00₹1,013.00₹964.4011
Feb ’25₹937.65
₹1,126.83
+20.18%
5.67%₹1,218.00₹974.00₹1,288.3512
Jan ’25₹848.40
₹1,114.85
+31.41%
6.65%₹1,218.00₹970.00₹1,505.4513
Dec ’24₹862.35
₹1,114.85
+29.28%
6.65%₹1,218.00₹970.00₹1,331.1513
Nov ’24₹885.45
₹1,146.62
+29.50%
7.19%₹1,283.00₹975.00₹1,393.3013
₹1.43k
Fair Value
37.3% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/16 06:49
End of Day Share Price 2025/11/14 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

H.G. Infra Engineering Limited is covered by 28 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Bhavin ModiAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.