H.G. Infra Engineering Limited (HGINFRA) Fair Value & Analysis
Industrials · IN · Market cap ₹36.9B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 4 days ago
Share price −6.4% over the past month.
Below-average quality, screening 107% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (₹797.81). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹269.74 – ₹1,818 · fair‑value band ₹797.81 – ₹1,331 · the ₹514.50 price screens below the ₹1,065 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
H.G. Infra Engineering Limited (HGINFRA) currently trades at ₹514.50, while our model-based Fair Value estimate is ₹1,065, implying the stock looks roughly 106.9% undervalued today. The Quality Score stands at 25/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, H.G. Infra Engineering Limited generated revenue of ₹52.3B at a net margin of 6.3%. Revenue grew 4.8% year over year. It earns a return on equity of 10.6%. Net debt stands at ₹47.8B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹797.81 (bear case) to ₹1,331 (bull case); at ₹514.50, the current price sits below 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 55% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 107%, HGINFRA screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 16 models by family
Widest divergence: Growth Earnings (₹1,362) versus Dividend Discount (₹32.20). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 25 · Market factors (momentum, volatility) 30
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.
About the company
H.G. Infra Engineering Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business in India. The company provides EPC services on a turnkey basis and hybrid annuity model for civil construction and related infrastructure projects.
Full company description
H.G. Infra Engineering Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business in India. The company provides EPC services on a turnkey basis and hybrid annuity model for civil construction and related infrastructure projects. It also develops and maintains roads, highways, bridges, flyovers, railway networks and other infrastructure contract works, as well as railways, metro, solar power plant, and water sector projects. H.G. Infra Engineering Limited was incorporated in 2003 and is based in Jaipur, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
H.G. Infra Engineering Limited reported revenue of ₹52.3B in FY2026 versus ₹36.6B in FY2022, a compound +9.3%/yr. Reported net income was ₹3.3B in FY2026, compounding −3.4%/yr from FY2022.
of which total revenue +24.6 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Engineering & Construction · 838 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
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹4,020 | ₹1,994 | -50% |
| Samsung C&T Corporation 028260 | 357,500 KRW | 261,411 KRW | -27% |
| Hyundai Engineering & Construction Co 000720 | 113,700 KRW | 61,453 KRW | -46% |
| Samsung E&A Co 028050 | 49,300 KRW | 43,624 KRW | -12% |
| Rail Vikas Nigam Limited RVNL | ₹228.50 | ₹48.92 | -79% |
| Daewoo Engineering & Construction Co 047040 | 18,400 KRW | 6,507 KRW | -65% |
| KEPCO Engineering & Construction Company 052690 | 99,800 KRW | 19,346 KRW | -81% |
| GS Engineering & Construction Corporation 006360 | 35,200 KRW | 23,135 KRW | -34% |
| DL E&C Co 375500 | 73,500 KRW | 148,433 KRW | +102% |
| KEPCO Plant Service & Engineering Co 051600 | 46,350 KRW | 43,924 KRW | -5% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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