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H.G. Infra Engineering share price & results

H.G. Infra Engineering Limited· Construction· Industrials

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

EPC/HAM contractor building highways, railways, metro, solar and BESS projects across 13 Indian states.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,101 ₹ crore−25.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin28.0 %+10.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit-45.0 ₹ crore−145.5% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity8.34 %−9.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-13.41 %+34.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-3.13 %+9.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 7 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.

H.G. Infra Engineering Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (1 achieved, 6 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
Standalone Gross DebtINR 600-700 crores by March '25
Call transcript, Q3 FY25 · 7 Feb 2025		Q3 FY25Q4 FY26:Promise deadline passed. Not mentioned.
Call transcript, Q4 FY26 · 29 May 2026		Missed
FY27 RevenueINR 8,000-plus crores
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q4 FY26:Guidance further revised down to 'INR 6,500-7,000 crores' for FY27.
Call transcript, Q4 FY26 · 29 May 2026		Revised Down
FY27 Order InflowINR 11,000-12,000 crores
Call transcript, Q4 FY26 · 29 May 2026		Q4 FY26Q4 FY26:We are confidently targeting INR11,000 crores to INR12,000 crores of order inflow for FY27.
Call transcript, Q4 FY26 · 29 May 2026		New

Source: Inve Guidance Tracker for H.G. Infra Engineering Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of H.G. Infra Engineering Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹379.45 +0.48% · +₹1.8

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −58.5% 1Y

₹400₹600₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 29 May 2026

1Y: ₹914.85 on 24 Oct 2025 → ₹379.45. High ₹927.65 (29 Oct 2025), low ₹377.65 (26 Oct 2026).

Previous close
₹377.65
Market cap
₹2.5k Cr
52-week range
₹377.65 – ₹927.65
One year
−58.48%
Price to earnings (TTM to Jun 2026)
9.50×
Return on equity (TTM to Jun 2026)
8.34%

Overview

Symbol
NSE:HGINFRA
Industry
Industrials
Exchange
NSE
Currency
INR

What H.G. Infra Engineering Limited does

Based on the company's own presentations, annual report and earnings calls.

H.G. Infra Engineering is a Rajasthan-based infrastructure construction company that designs, builds and, in some cases, operates transportation and energy assets for government and private clients. It earns through Engineering, Procurement and Construction (EPC) contracts and Hybrid Annuity Model (HAM) road concessions, historically centred on national highways and increasingly diversified into railways, metro, water infrastructure, solar power and battery energy storage systems (BESS). The company also monetises completed HAM road assets by selling stakes in project SPVs once they reach commercial operation.

Segments

  • Roads and Highways
  • Railways and Metro
  • Solar and Renewable Energy
  • Water Infrastructure
  • Battery Energy Storage Systems (BESS) and Transmission
Active infrastructure projects
28+
Completed projects since inception
45+
States of operation in India
13
Modern fleet/construction equipment owned
3,000+
Track record of project execution
24+ years
Hybrid Annuity Model (HAM) road concessions
11
Headquarters Jaipur, Rajasthan, India Company website

How the price took the results

close before → close after

Q4 FY26
−3.6%
29 May
Q3 FY26
−0.9%
13 Feb
Q2 FY26
−2.7%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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