H.G. Infra Engineering Limited

NSEI:HGINFRA Stock Report

Market Cap: ₹97.5b

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.

Below Fair Value: HGINFRA (₹1495.75) is trading above our estimate of fair value (₹1077.38)

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 Ratio18.2x
Earnings₹5.35b
Market Cap₹97.48b

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 Average20.4x
532942 KNR Constructions
8x-30.8%₹88.6b
533169 Man Infraconstruction
35.2xn/a₹95.1b
POWERMECH Power Mech Projects
29.6x36.9%₹80.8b
ASHOKA Ashoka Buildcon
8.7x-31.9%₹82.5b
HGINFRA H.G. Infra Engineering
18.2x12.4%₹97.5b

Price-To-Earnings vs Peers: HGINFRA is good value based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (20.4x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GMRP&UI GMR Power And Urban Infra
4.6x-25.3%US$916.59m
533152 MBL Infrastructures
2.8xn/aUS$74.18m
CCCL Consolidated Construction Consortium
0.8xn/aUS$72.89m
ATLANTAA Atlantaa
2.2xn/aUS$42.38m
HGINFRA 18.2xIndustry Avg. 27.1xNo. of Companies26PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HGINFRA is good value based on its Price-To-Earnings Ratio (18.2x) compared to the Indian Construction industry average (27.2x).

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 Ratio18.2x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: HGINFRA is good value based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

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₹1,495.75
₹1,704.40
+13.9%
13.6%₹2,100.00₹1,150.00n/a15
Dec ’25₹1,331.15
₹1,686.80
+26.7%
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₹970.00₹1,331.1513
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

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 09:41
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

H.G. Infra Engineering Limited is covered by 23 analysts. 13 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
null nullAntique Stockbroking Ltd.
Sumit KishoreAxis Capital Limited