H.G. Infra Engineering Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHigh safety, with cautionRated AA to AA- by 2 agencies.
• ResultsLoss-makingLost ₹45 Cr in the Jun 2026 quarter, after a profit a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 72% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 9.5 times its yearly earnings (P/E), cheaper than 85% of the time in the last 5 years. Its usual P/E is about 11.

H.G. Infra Engineering Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)9.5 against a typical 14.4: cheaper than most peers (1st = cheapest).53rd of 181
• Sales growth−25.7% against a typical +8.6% from a year earlier.126th of 147
• Profit growth−145.5% against a typical 0% from a year earlier.119th of 130
• Share price, 3 months−28.8% against a typical −13.1%.140th of 164

Exchange filings and their impact on the company.

• 11 Oct 2026Other RestructuringLow impactNeutralPrice +0.6% on 12 Oct
  HG Infra incorporated a not-for-profit SPV to run the awarded ITI Bhiwadi cluster, with negligible near-term financial impact.

  H.G. Infra Engineering incorporated H.G. Talent Edge Foundation ITI Bhiwadi on October 10, 2026 as a Section 8 not-for-profit SPV. The SPV was required under the RFP for Operation and Management of the ITI Bhiwadi Cluster under PM-SETU, for which the company had received the letter of award from the Rajasthan government in July-August 2026. Being a not-for-profit vehicle, it is not expected to add material revenue or profit over the next 12 months.

  Full analysisFiling
• 6 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactPositivePrice +3.3% that day
  Rs 94 cr Karnataka tax demand dropped to nil, removing a large contingent overhang.

  H.G. Infra Engineering said the Deputy Commissioner of Commercial Taxes, Bengaluru has dropped the entire Rs 94 crore demand raised via a show cause notice. The order dated October 05, 2026 closes the proceedings with nil tax, interest and penalty. This removes a contingent liability of about Rs 94 crore and means no cash outflow for this matter.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Harendra Singh

Executive Chairman of the Board, Managing Director

Vikas Jain

Chief Financial Officer

Janesh Kumar

Chief Human Resources Officer

Ankita Mehra

Compliance Officer, Company Secretary

Vijendra Singh Choudhary

Whole Time Director

Devendra Bhushan Gupta

Additional Whole Time Director