Financials H.G. Infra Engineering Limited

Equities

HGINFRA

INE926X01010

Construction & Engineering

Delayed NSE India S.E. Other stock markets 11:10:01 16/09/2024 am IST			5-day change	1st Jan Change
1,622.90 ^INR	+3.72%		+11.17%	+91.61%

09/09	H.G. Infra Engineering Limited Receives the Letter of Award from the Ministry of Road Transport & Highways	CI
04/09	H.G. Infra Engineering Arm Changes Name	MT

Projected Income Statement: H.G. Infra Engineering Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	21,961	25,275	36,152	44,366	51,217	60,479	70,802	83,604
Change	-	15.09%	43.03%	22.72%	15.44%	18.08%	17.07%	18.08%
EBITDA ¹	3,424	4,107	5,847	7,103	8,220	9,544	11,055	12,787
Change	-	19.94%	42.39%	21.47%	15.72%	16.12%	15.83%	15.66%
EBIT ¹	2,668	3,262	4,997	6,140	6,808	8,149	9,613	10,985
Change	-	22.3%	53.16%	22.87%	10.89%	19.69%	17.97%	14.27%
Interest Paid ¹	-523.6	-595.6	-528.5	-1,538	-810	-909.3	-1,049	-1,220
Earnings before Tax (EBT) ¹	2,281	2,821	4,546	5,687	7,192	7,438	8,656	9,911
Change	-	23.71%	61.15%	25.1%	26.45%	3.42%	16.37%	14.5%
Net income ¹	1,657	2,110	3,388	4,214	5,455	5,554	6,453	7,391
Change	-	27.3%	60.58%	24.39%	29.45%	1.82%	16.18%	14.54%
Announcement Date	24/06/20	12/05/21	23/05/22	10/05/23	08/05/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	5,261	4,742	5,730	6,229	2,979	4,674	7,343	10,278	9,117	7,496	9,156	10,259	10,657	7,521	11,312	14,774	12,713	8,695	13,464	16,345	15,059	12,347	15,660	17,165
Change	-	-9.87%	20.83%	8.7%	-52.17%	56.88%	57.11%	39.97%	-11.3%	-17.78%	22.14%	12.05%	3.87%	-29.43%	50.41%	30.6%	-13.94%	-31.61%	54.86%	21.39%	-7.87%	-14.42%	26.83%	9.61%
EBITDA ¹	795.2	762.6	920.3	1,014	491.3	769.3	1,181	1,665	1,485	1,218	1,452	1,568	1,625	1,208	1,893	2,377	2,048	1,384	2,142	2,646	2,465	-	-	-
Change	-	-4.1%	20.68%	10.18%	-51.55%	56.59%	53.53%	40.96%	-10.78%	-17.99%	19.21%	7.99%	3.6%	-25.67%	56.76%	25.58%	-13.86%	-32.43%	54.82%	23.51%	-6.85%	-100%	-	-
EBIT ¹	-	-	-	-	-	-	-	-	-	-	-	-	1,423	966.5	1,633	-	1,737	1,030	1,775	2,266	2,117	1,599	2,075	2,265
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-32.09%	68.97%	-100%	-	-40.73%	72.39%	27.65%	-6.58%	-17.75%	29.77%	9.16%
Charge d'intérêts ¹	-	-	-134.7	-158.6	-	-	-	-	-118.9	-125	-	-159.8	-144	-138.4	-395	-	-172.7	-216	-226.4	-195	-220.4	-199	-253	-259
Earnings before Tax (EBT)	-	-	594.9	-	-	-	-	-	-	-	-	1,216	1,312	862.4	1,508	2,004	1,602	830.7	2,642	-	-	1,425	1,855	2,049
Change	-	-	-	-100%	-	-	-	-	-	-	-	-	7.88%	-34.28%	74.88%	32.9%	-20.05%	-48.16%	217.99%	-100%	-	-	30.18%	10.46%
Net income ¹	-	-	415.2	-	150.9	326.6	655.5	976.6	889.2	698.4	888.9	911.1	976.3	646.3	1,114	1,477	1,184	616.7	2,055	1,600	1,395	1,000	1,316	1,635
Change	-	-	-	-100%	-	116.46%	100.67%	48.99%	-8.95%	-21.45%	27.27%	2.5%	7.16%	-33.8%	72.41%	32.53%	-19.84%	-47.91%	233.21%	-22.16%	-12.76%	-28.72%	31.6%	24.24%
Announcement Date	09/08/19	08/11/19	27/01/20	24/06/20	14/08/20	09/11/20	27/01/21	12/05/21	04/08/21	08/11/21	03/02/22	23/05/22	01/08/22	09/11/22	08/02/23	10/05/23	31/07/23	06/11/23	02/02/24	08/05/24	05/08/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2024 S1
Net sales ¹	21,408
Change	-
EBITDA ¹	3,432
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	06/11/23

¹INR in Million

Estimates

Forecast Balance Sheet: H.G. Infra Engineering Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,408	-317	1,562	3,243	2,519	5,465	6,469	3,134
Change	-	-122.51%	392.74%	107.62%	-22.33%	116.95%	18.37%	-51.55%
Announcement Date	24/06/20	12/05/21	23/05/22	10/05/23	08/05/24	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: H.G. Infra Engineering Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,032	977	675.3	3,381	2,230	972.3	1,204	1,631
Change	-	-5.29%	-30.88%	400.7%	-34.05%	-56.4%	23.8%	35.48%
Free Cash Flow (FCF) ¹	1,518	4,296	464.8	2,490	480.3	5,984	5,950	7,308
Change	-	183%	-89.18%	435.72%	-80.71%	1,145.86%	-0.56%	22.83%
Announcement Date	24/06/20	12/05/21	23/05/22	10/05/23	08/05/24	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: H.G. Infra Engineering Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.59%	16.25%	16.17%	16.01%	16.05%	15.78%	15.61%	15.29%
EBIT Margin (%)	12.15%	12.91%	13.82%	13.84%	13.29%	13.47%	13.58%	13.14%
EBT Margin (%)	10.38%	11.16%	12.58%	12.82%	14.04%	12.3%	12.23%	11.85%
Net margin (%)	7.55%	8.35%	9.37%	9.5%	10.65%	9.18%	9.11%	8.84%
FCF margin (%)	6.91%	17%	1.29%	5.61%	0.94%	9.89%	8.4%	8.74%
FCF / Net Income (%)	91.61%	203.66%	13.72%	59.09%	8.8%	107.73%	92.21%	98.89%
Profitability
ROA	-	-	-	14.31%	14.34%	-	-	-
ROE	22.38%	22.76%	28.27%	26.82%	26.63%	21%	20.2%	19.08%
Financial Health
Leverage (Debt/EBITDA)	0.41x	-	0.27x	0.46x	0.31x	0.57x	0.59x	0.25x
Debt / Free cash flow	0.93x	-	3.36x	1.3x	5.24x	0.91x	1.09x	0.43x
Capital Intensity
CAPEX / Current Assets (%)	4.7%	3.87%	1.87%	7.62%	4.35%	1.61%	1.7%	1.95%
CAPEX / EBITDA (%)	30.13%	23.79%	11.55%	47.6%	27.13%	10.19%	10.89%	12.75%
CAPEX / FCF (%)	67.95%	22.74%	145.29%	135.79%	464.3%	16.25%	20.23%	22.31%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.8	1	1.25	1.5	1.609	1.8	2.22
Change	-	-	25%	25%	20%	7.27%	11.86%	23.33%
Book Value Per Share ¹	126.1	158.4	209.3	272.9	355.8	438.3	536.7	652.5
Change	-	25.63%	32.18%	30.36%	30.36%	23.2%	22.45%	21.58%
EPS ¹	25.43	32.37	51.98	64.66	83.7	84.41	99.02	113.4
Change	-	27.29%	60.58%	24.39%	29.45%	0.85%	17.32%	14.54%
Nbr of stocks (in thousands)	65,171	65,171	65,171	65,171	65,171	65,171	65,171	65,171
Announcement Date	24/06/20	12/05/21	23/05/22	10/05/23	08/05/24	-	-	-