H.G. Infra Engineering Ltd (HGINFRA)

H.G. Infra Engineering Ltd's P/E Ratio Low Despite Earnings Growth - 26 Apr, 2024

Despite a 22% increase in earnings growth over the last year and a 189% lift in EPS from three years ago, H.G. Infra Engineering Ltd's low P/E ratio of 14.4x suggests limited future growth expectations. Analysts estimate only 1.2% growth for next year compared to the broader market's forecasted 24%. Shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises.

H.G. Infra Engineering Diversifies into Solar Energy and Green Hydrogen - 25 Apr, 2024

H.G. Infra Engineering's wholly owned subsidiary, H G Solar Projects, has incorporated three subsidiaries to focus on developing solar power projects. The move led to a 9.56% surge in the company's stock price. However, despite a 15.15% increase in revenue from operations, the company's consolidated net profit decreased by 22.03% in Q3 FY24.

HG Infra Engineering Forms Wholly Owned Subsidiary for Highway Project - 09 Apr, 2024

HG Infra Engineering has incorporated a wholly owned subsidiary, H.G. Chennai-Tirupati (II) Highway, as a special purpose vehicle (SPV) to undertake the highway project worth Rs 862.11 crore awarded by the National Highways Authority of India (NHAI) in Andhra Pradesh in Hybrid Annuity Mode.

HG Infra Engineering Consortium Wins Solar Power Plant Contract - 02 Apr, 2024

HG Infra Engineering's consortium with Stockwell Solar Services has won a contract worth Rs 156 crore to build two solar power plants in Rajasthan. The orders need to be executed within 12 months, and the operation and maintenance period is set at 25 years from the commercial operation date (COD) for each of the projects.

H.G. Infra Engineering Receives Work Order Worth Rs 284 Crore for Solar Business - 01 Apr, 2024

H.G. Infra Engineering Ltd received a work order worth Rs 284 crore for its solar business from three domestic clients. The company's revenue increased by 15% YoY in Q3FY24, and it aims to increase its non-road project portfolio to 20-25% of its order book during the next 2-3 years. The stock traded positively on BSE after winning multiple orders.

H.G. Infra Engineering Consortium Wins 51.76 MW Solar Project - 30 Mar, 2024

H.G. Infra Engineering consortium has won a 51.76 MW solar project from Jodhpur Vidyut Vitran Nigam. The tentative development cost of the project is Rs 220 crore.