H.G. Infra Engineering Ltd (BOM:541019)
₹ 525.85 -26.2 (-4.75%) Market Cap: 34.27 Bil Enterprise Value: 83.74 Bil PE Ratio: 10.40 PB Ratio: 1.06 GF Score: 73/100

Q4 2026 HG Infra Engineering Ltd Earnings Call Transcript

May 29, 2026 / 10:00AM GMT
Release Date Price: ₹584.65 (-3.58%)

Key Points

Positve
  • H.G. Infra Engineering Ltd (NSE:HGINFRA) has secured significant new orders worth INR 5,500 crores in the first two months of FY27, indicating a strong start to the year.
  • The company is diversifying its portfolio by expanding into emerging sectors such as solar energy, battery energy storage systems, and power transmission, positioning itself for future growth.
  • H.G. Infra Engineering Ltd (NSE:HGINFRA) has a robust order book of INR 10,147 crores, with a balanced distribution across roads, railways, and renewable energy projects.
  • The company is actively pursuing opportunities in both government and private sectors, with a focus on HAM and EPC projects, which could lead to increased order inflows.
  • H.G. Infra Engineering Ltd (NSE:HGINFRA) is targeting a revenue of INR 6,500 crores to INR 7,000 crores for FY27, reflecting a positive growth outlook despite previous challenges.
Negative
  • The company faced significant challenges in FY26 due to geopolitical uncertainties, supply chain disruptions, and increased commodity prices, which impacted revenue and margins.
  • H.G. Infra Engineering Ltd (NSE:HGINFRA) experienced a decline in PAT margin from 9.52% in FY25 to 6.87% in FY26, indicating pressure on profitability.
  • There were delays in project execution and appointed dates, affecting revenue recognition and leading to lower-than-expected financial performance.
  • The company's net debt to equity ratio increased from 1.3% to 1.4% from FY25 to FY26, highlighting a rise in leverage.
  • Order inflows in FY26 were lower than anticipated, with only INR 300 crores of new orders secured, impacting the order book and future revenue potential.
Operator

Ladies and gentlemen, good day, and welcome to H.G. Infra Limited Q4 FY26 earnings conference call hosted by Go India Advisors. (Operator Instructions) Please note, this conference is being recorded. I now hand the conference over to Ms. Saloni Ajmera from Go India Advisors. Thank you, and over to you, ma'am.

Saloni Ajmera;Harendra Singh
Go India Advisors - Analyst

Good afternoon, everybody, and welcome to H.G. Infra Engineering Limited earnings call to discuss the quarter 4 and FY26 operational and financial performance posted by Go India Advisors. We have on the call Mr. Harendra Singh, Chairman and Managing Director; and Mr. Rajeev Mishra, CFO from H.G. Infra Limited.

We must remind you that the discussion on today's call may include certain forward-looking statements and must be therefore moved in conjunction with the risk that the company faces. I now request Mr. Harendra Singh to take us through the company's business outlook performance subsequent to which we will open the floor for Q&A. Thank you, and over to you, sir.

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