The company has thrived under the dynamic leadership of Mr. Harendra Singh, the Chairman and Managing Director. Under his guidance, HGIEL has expanded its project portfolio and adopted cutting-edge technologies and sustainable practices to improve operational efficiency and environmental responsibility. Mr. Harendra Singh’s strategic vision and managerial skills have been instrumental in navigating the challenges of the infrastructure sector, ensuring strong growth and a Strong market presence.
Journey of HGIEL Ltd
Founded in 2003, H.G. Infra Engineering Limited (HGIEL) has established itself as a leading player in the infrastructure development sector, specializing in EPC services and the Hybrid Annuity Model (HAM). The company has gained prominence in civil construction by leveraging a substantial in-house equipment fleet and a highly skilled workforce, dedicated to upholding the highest standards of quality, safety, and reliability. HGIEL is recognized for its integration of advanced technology, which enhances precision and efficiency in its projects. With a presence across 14 states in India, HGIEL successfully manages a diverse range of infrastructure projects, including roads, highways, railways, metro systems, and solar infrastructure, reflecting its commitment to innovation and excellence.
Shareholding Patterns of HGIEL Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 74.53% | 74.53% | 74.53% | 74.53% | 74.53% |
| FIIs + | 1.59% | 1.67% | 1.56% | 1.68% | 2.04% |
| DIIs + | 13.14% | 13.05% | 12.45% | 12.50% | 12.13% |
| Public + | 10.73% | 10.74% | 11.47% | 11.30% | 11.30% |
| No. of Shareholders | 75,484 | 77,390 | 78,475 | 85,596 | 1,04,692 |
The shareholding pattern of the company between June 2023 and June 2024 demonstrates a steady distribution of ownership. The promoters maintain a stable and substantial holding of 74.53% throughout the period. Foreign Institutional Investors (FIIs) show a gradual increase, with their share rising from 1.59% in June 2023 to 2.04% by June 2024. Domestic Institutional Investors (DIIs) experience a slight reduction in their stake, decreasing from 13.14% to 12.13% over the same timeframe. Public ownership also remains relatively constant, moving from 10.73% to 11.30%. Additionally, the number of shareholders grows significantly, expanding from 75,484 in June 2023 to 104,692 in June 2024, reflecting a heightened interest from the investing public.
How to Purchase HGIEL Limited Shares in India?
Below are the trading platforms that you can use to purchase HGIEL Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
HGIEL Limited Share Price Prediction: 2024, 2025 to 2030
HGIEL Limited Share Price Target 2024
| When | Maximum Price | Minimum Price |
| July 2024 | 1,755.20 | 1,526.26 |
| August 2024 | 1,825.41 | 1,587.31 |
| September 2024 | 1,898.43 | 1,650.81 |
| October 2024 | 1,861.20 | 1,618.44 |
| November 2024 | 1,935.65 | 1,683.18 |
| December 2024 | 1,955.01 | 1,700.01 |
In 2024, HGIEL Limited’s projected share prices show a consistent upward trend. For July, the maximum price is expected to reach ₹1,755.20, while the minimum is anticipated to be ₹1,526.26. In August, prices are projected to range from ₹1,825.41 to ₹1,587.31. September is expected to see prices between ₹1,898.43 and ₹1,650.81. In October, the share prices are anticipated to range from ₹1,861.20 to ₹1,618.44. November’s prices are expected to be between ₹1,935.65 and ₹1,683.18. Finally, by December 2024, HGIEL Limited’s shares are projected to have a maximum price of ₹1,955.01 and a minimum price of ₹1,700.0.
HGIEL Limited Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,974.56 | 1,518.89 |
| February 2025 | 1,994.50 | 1,534.23 |
| March 2025 | 2,036.39 | 1,566.45 |
| April 2025 | 2,016.23 | 1,550.94 |
| May 2025 | 1,957.50 | 1,505.77 |
| June 2025 | 2,045.59 | 1,573.53 |
| July 2025 | 2,005.48 | 1,542.68 |
| August 2025 | 2,067.50 | 1,590.39 |
| September 2025 | 2,092.31 | 1,609.47 |
| October 2025 | 2,146.72 | 1,651.32 |
| November 2025 | 2,200.38 | 1,692.60 |
| December 2025 | 2,299.40 | 1,768.77 |
In 2025, HGIEL shares are expected to experience notable fluctuations. In January, the maximum price is projected to be ₹1,974.56 and the minimum ₹1,518.89. By February, prices are expected to rise to ₹1,994.50 and ₹1,534.23 respectively. In March, further increases are projected with prices reaching ₹2,036.39 and ₹1,566.45. April’s range is expected to be ₹2,016.23 to ₹1,550.94, and May is projected to drop slightly to ₹1,957.50 and ₹1,505.77.
In June, prices are expected to peak at ₹2,045.59 and dip to ₹1,573.53, while July is projected to range from ₹2,005.48 to ₹1,542.68. In August, the prices are expected to be ₹2,067.50 and ₹1,590.39. September is projected to see prices between ₹2,092.31 and ₹1,609.47, and October is expected to reach ₹2,146.72 and ₹1,651.32. November is projected to peak at ₹2,200.38 with a low of ₹1,692.60. Finally, in December, the highest prices of the year are expected at ₹2,299.40 and ₹1,768.77.
HGIEL Limited Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 2,368.38 | 1,821.83 |
| February 2026 | 2,309.17 | 1,776.29 |
| March 2026 | 2,355.36 | 1,811.81 |
| April 2026 | 2,403.42 | 1,848.79 |
| May 2026 | 2,379.63 | 1,830.48 |
| June 2026 | 2,439.12 | 1,876.25 |
| July 2026 | 2,391.29 | 1,839.46 |
| August 2026 | 2,465.25 | 1,896.35 |
| September 2026 | 2,514.56 | 1,934.27 |
| October 2026 | 2,579.93 | 1,984.56 |
| November 2026 | 2,644.43 | 2,034.18 |
| December 2026 | 2,710.54 | 2,085.03 |
HGIEL Limited Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 2,737.65 | 2,105.88 |
| February 2027 | 2,807.84 | 2,159.88 |
| March 2027 | 2,917.35 | 2,244.12 |
| April 2027 | 2,860.15 | 2,200.11 |
| May 2027 | 2,776.84 | 2,136.03 |
| June 2027 | 2,901.80 | 2,232.15 |
| July 2027 | 2,844.90 | 2,188.39 |
| August 2027 | 2,932.89 | 2,256.07 |
| September 2027 | 3,035.54 | 2,335.03 |
| October 2027 | 3,114.46 | 2,395.74 |
| November 2027 | 3,192.33 | 2,455.64 |
| December 2027 | 3,272.13 | 2,517.03 |
HGIEL Limited Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 3,337.58 | 2,567.37 |
| February 2028 | 3,423.16 | 2,633.20 |
| March 2028 | 3,556.66 | 2,735.89 |
| April 2028 | 3,486.92 | 2,682.25 |
| May 2028 | 3,385.36 | 2,604.12 |
| June 2028 | 3,537.70 | 2,721.31 |
| July 2028 | 3,468.33 | 2,667.95 |
| August 2028 | 3,575.60 | 2,750.46 |
| September 2028 | 3,700.75 | 2,846.73 |
| October 2028 | 3,796.97 | 2,920.74 |
| November 2028 | 3,891.89 | 2,993.76 |
| December 2028 | 3,989.19 | 3,068.61 |
HGIEL Limited Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 4,068.97 | 3,129.98 |
| February 2029 | 4,173.31 | 3,210.23 |
| March 2029 | 4,336.06 | 3,335.43 |
| April 2029 | 4,251.04 | 3,270.03 |
| May 2029 | 4,127.23 | 3,174.79 |
| June 2029 | 4,312.95 | 3,317.66 |
| July 2029 | 4,228.38 | 3,252.60 |
| August 2029 | 4,359.16 | 3,353.20 |
| September 2029 | 4,511.73 | 3,470.56 |
| October 2029 | 4,629.03 | 3,560.80 |
| November 2029 | 4,744.76 | 3,649.82 |
| December 2029 | 4,863.38 | 3,741.06 |
HGIEL Limited Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 4,960.65 | 3,815.88 |
| February 2030 | 5,087.84 | 3,913.73 |
| March 2030 | 5,286.27 | 4,066.36 |
| April 2030 | 5,182.62 | 3,986.63 |
| May 2030 | 5,031.67 | 3,870.51 |
| June 2030 | 5,258.09 | 4,044.69 |
| July 2030 | 5,154.99 | 3,965.38 |
| August 2030 | 5,314.42 | 4,088.02 |
| September 2030 | 5,500.43 | 4,231.10 |
| October 2030 | 5,643.44 | 4,341.11 |
| November 2030 | 5,784.53 | 4,449.64 |
| December 2030 | 5,929.14 | 4,560.88 |
In 2030, HGIEL shares are expected to exhibit notable price fluctuations. January projects a maximum of ₹4,960.65 and a minimum of ₹3,815.88. By December, prices are expected to peak at ₹5,929.14 and drop to ₹4,560.88.
Financial Condition of HGIEL Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 2,217 | 2,610 | 3,751 | 4,622 | 5,378 |
| Expenses + | 1,864 | 2,125 | 3,040 | 3,727 | 4,317 |
| Operating Profit | 353 | 484 | 711 | 895 | 1,062 |
| OPM % | 16% | 19% | 19% | 19% | 20% |
| Other Income + | 14 | 6 | 6 | 19 | 36 |
| Interest | 60 | 94 | 118 | 154 | 217 |
| Depreciation | 76 | 84 | 85 | 96 | 141 |
| Profit before tax | 231 | 312 | 515 | 665 | 740 |
| Tax % | 28% | 24% | 26% | 26% | 27% |
| Net Profit + | 167 | 237 | 380 | 493 | 539 |
| EPS in Rs | 25.57 | 36.31 | 58.31 | 75.68 | 82.64 |
| Dividend Payout % | 0% | 2% | 2% | 2% | 2% |
Sales and Revenue Growth:
The company’s sales have exhibited a strong upward trajectory over the past five years. In March 2020, HGIEL reported sales of ₹2,217 crores, which steadily increased each year to reach ₹5,378 crores by March 2024. This remarkable growth in sales indicates the company’s expanding market presence and ability to secure and execute larger projects successfully.
Operating Expenses and Profit:
HGIEL’s expenses have also risen alongside its sales, growing from ₹1,864 crores in 2020 to ₹4,317 crores in 2024. Despite this increase in expenses, the company has managed to improve its operating profit significantly. The operating profit grew from ₹353 crores in 2020 to ₹1,062 crores in 2024. The Operating Profit Margin (OPM) has remained stable, improving from 16% in 2020 to around 19-20% in the subsequent years. This stability in OPM indicates efficient cost management and operational efficiency, allowing the company to maintain profitability while expanding its operations.
Other Income and Financial Expenses:
Other income for HGIEL has seen some fluctuations, starting at ₹14 crores in 2020, dropping slightly, and then rising to ₹36 crores in 2024. Meanwhile, the company’s interest expenses have increased significantly from ₹60 crores in 2020 to ₹217 crores in 2024, reflecting higher debt levels or increased borrowing costs to finance its growth initiatives. Depreciation expenses have also risen, from ₹76 crores in 2020 to ₹141 crores in 2024, which can be attributed to investments in new equipment and infrastructure to support the company’s expanding operations.
Profit Before Tax and Net Profit:
The profit before tax has shown a robust increase, growing from ₹231 crores in 2020 to ₹740 crores in 2024. This growth is a testament to the company’s ability to manage its expenses while boosting revenue. The net profit has mirrored this upward trend, rising from ₹167 crores in 2020 to ₹539 crores in 2024. This consistent increase in net profit highlights the company’s strong bottom-line performance and effective management practices.
Earnings Per Share and Dividend Payout:
Earnings Per Share (EPS) for HGIEL have seen significant growth, increasing from ₹25.57 in 2020 to ₹82.64 in 2024. This rise in EPS indicates higher profitability on a per-share basis, which is a positive signal for shareholders. The dividend payout percentage has remained relatively low at 2% throughout this period, suggesting that the company is retaining a substantial portion of its earnings to reinvest in growth and expansion rather than distributing it as dividends. This strategy can be beneficial in the long term, as it supports further development and scaling of the company’s operations.
FAQS
What is the current share price of HGIEL?
As of 22nd July 2024, the current share price of HGIEL is ₹1,740.
What is the predicted share price target for HGIEL by 2025?
HGIEL’ share prices ranging from a projected high of ₹2,299.40 to an anticipated low of ₹1,505.77.
What is the predicted share price target for HGIEL by 2030?
The expected maximum price prediction for 2030 is ₹5,929.14.
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Conclusion
In conclusion, H.G. Infra Engineering Limited (HGIEL) has exhibited strong growth and stability over the past five years, marked by substantial increases in sales, operating profit, and net profit. The company’s emphasis on infrastructure development, particularly in roads and highways, solidifies its market position. Projections for HGIEL’s share prices show a positive upward trend, with significant growth expected through 2025 and into 2030. The shareholding patterns indicate a stable promoter stake and an expanding investor base, highlighting strong confidence in the company’s future. With a current market capitalization of ₹11,026 crore, HGIEL is well-positioned for continued success and significant value appreciation in the coming years.
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