Hindustan Construction Company (HCC) Fair Value & Analysis
Industrials · IN · Market cap ₹55.6B (≈ $589M) · ISIN INE549A01026
What is Hindustan Construction Company really worth?
Below-average quality, and trading another 73% above our fair value of ₹13.27.
As of Aug 21, 2026, the fair value of Hindustan Construction Company is ₹13.27 per share against a price of ₹23.00, so the fair value sits 42% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 21, 2026
From 24 valuation models · updated 16 days ago
Share price +4.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹16.59). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ₹8.31 – ₹55.69 · fair‑value band ₹9.95 – ₹16.59 · the ₹23.00 price screens above the ₹13.27 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Hindustan Construction Company (HCC) currently trades at ₹23.00, while our model-based Fair Value estimate is ₹13.27, implying the stock looks roughly 73.3% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ₹23.23 per share, and 7 of the 24 models we run sit above the ₹23.00 price. Bear case: the Earnings-Based group reads lowest at ₹5.25, and 17 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Hindustan Construction Company generated revenue of ₹44.3B at a net margin of 3.4%. Revenue declined 31.7% year over year. It earns a return on equity of 22.1%. Net debt stands at ₹6.4B. Fundamentals as of Aug 21, 2026
Our scenario range runs from ₹9.95 (bear case) to ₹16.59 (bull case); at ₹23.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 69% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −42%, HCC screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹0.3049 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (₹23.23) versus Dividend Discount (₹0.0100). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hindustan Construction Company Limited provides engineering and construction services in India and internationally. The company constructs roads, highways, expressways, bridges, elevated corridors, railways, metro rails, ports, and marine structures; dams, barrages, tunnels, powerhouses, shafts, and various underground works; and reactors, auxiliary …
Full company description
Hindustan Construction Company Limited provides engineering and construction services in India and internationally. The company constructs roads, highways, expressways, bridges, elevated corridors, railways, metro rails, ports, and marine structures; dams, barrages, tunnels, powerhouses, shafts, and various underground works; and reactors, auxiliary buildings, spent fuel buildings, safety pump houses, and control buildings. It constructs integrated water supply systems, bulk water transmission projects, dams, barrages, irrigation, water treatment and sewage treatment plants, and aqueducts; and hydrocarbon, metals and process plants and factories, residential and commercial buildings, institutional buildings, and station buildings. In addition, the company offers toll management, insurance auxiliary, real estate development, and information technology consulting, as well as services related to recovering, assessing, managing claims, awards, etc. Hindustan Construction Company Limited was incorporated in 1926 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Hindustan Construction Company reported revenue of ₹36.6B in FY2026 versus ₹102B in FY2022, a compound −22.6%/yr. Reported net income was ₹1.7B in FY2026, compounding −19.8%/yr from FY2022.
HCC screens 73% overvalued. Compare with Quanta Services, Inc →
Peer Group
Engineering & Construction · 817 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $620.06 | $143.92 | −77% |
| Vinci SA DG | €113.95 | €185.62 | +63% |
| Comfort Systems USA, Inc FIX | $1,610 | $519.97 | −68% |
| Larsen & Toubro Limited LT | ₹4,072 | ₹2,196 | −46% |
| Ferrovial N.V FER | €57.28 | €19.17 | −67% |
| HOCHTIEF Aktiengesellschaft HOT | €426.00 | €203.87 | −52% |
| Samsung C&T Corporation 028260 | 373,000 KRW | 261,411 KRW | −30% |
| EMCOR Group EME | $754.16 | $549.47 | −27% |
| MasTec, Inc MTZ | $241.00 | $100.00 | −59% |
| Bouygues SA EN | €46.65 | €65.67 | +41% |
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