H.G. Infra Engineering Limited (HGIEL) is a distinguished name in the infrastructure development sector, particularly in the realm of roads and highways. With a rich history spanning over 21 years, HGIEL has consistently demonstrated its expertise and commitment to quality and innovation in construction. The foundation of the company was laid by Shri Hodal Singh, a veteran in the construction industry with 45 years of experience. His vision and dedication have been instrumental in shaping HGIEL’s journey to becoming an industry leader.
The company has flourished under the dynamic leadership of Mr. Harendra Singh, who serves as the Chairman and Managing Director. Under his stewardship, HGIEL has not only expanded its project portfolio but has also embraced cutting-edge technologies and sustainable practices to enhance its operational efficiency and environmental stewardship. Mr. Harendra Singh’s strategic vision and management acumen have been pivotal in navigating the company through the complexities of the infrastructure sector, ensuring robust growth and a strong market presence.
Journey of HGIEL Ltd
Founded in 2003, H.G. Infra Engineering Limited (HGIEL) has established itself as a prominent player in the infrastructure development sector, with a focus on EPC services and the Hybrid Annuity Model (HAM). Specializing in civil construction, HGIEL integrates a significant in-house equipment fleet with a skilled workforce to uphold high standards of quality and safety. The company is known for its adoption of advanced technology, which helps it maintain a competitive edge in innovation and efficiency. With operations spanning over 14 states in India, HGIEL handles diverse projects in roads, highways, railways, metro systems, and solar infrastructure. As it continues to expand, it’s crucial to critically assess how effectively HGIEL adapts to industry changes and manages its growing portfolio to sustain its market position and address emerging challenges.
| 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 from June 2023 to June 2024 reveals a stable and consistent ownership structure. Promoters consistently hold a dominant stake of 74.53% throughout this period. Foreign Institutional Investors (FIIs) exhibit a gradual increase in their holdings, rising from 1.59% in June 2023 to 2.04% by June 2024. Domestic Institutional Investors (DIIs) show a slight decline in their stake, decreasing from 13.14% to 12.13% over the same period. Public shareholding remains relatively stable, starting at 10.73% and slightly increasing to 11.30% by June 2024. The number of shareholders significantly grew, increasing from 75,484 in June 2023 to 104,692 in June 2024, indicating a rise in investor interest and engagement with the company.
Below are the trading platforms that you can use to purchase HGIEL Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2024 | 1,704.60 | 1,482.26 |
| August 2024 | 1,772.79 | 1,541.55 |
| September 2024 | 1,843.70 | 1,603.22 |
| October 2024 | 1,807.55 | 1,571.78 |
| November 2024 | 1,879.85 | 1,634.65 |
| December 2024 | 1,898.65 | 1,651.00 |
In 2024, HGIEL Limited’s projected share prices show a steady upward trend. In July, the maximum price is expected to reach ₹1,704.60 and the minimum ₹1,482.26. By August, prices are projected to range from ₹1,772.79 to ₹1,541.55. September’s expected prices will range from a high of ₹1,843.70 to a low of ₹1,603.22. In October, the prices are anticipated to be between ₹1,807.55 and ₹1,571.78. For November, HGIEL Limited’s shares are expected to fluctuate between ₹1,879.85 and ₹1,634.65. By December, the projected maximum price is ₹1,898.65, with a minimum of ₹1,651.00.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,917.64 | 1,475.10 |
| February 2025 | 1,937.01 | 1,490.00 |
| March 2025 | 1,977.68 | 1,521.29 |
| April 2025 | 1,958.10 | 1,506.23 |
| May 2025 | 1,901.07 | 1,462.36 |
| June 2025 | 1,986.62 | 1,528.17 |
| July 2025 | 1,947.66 | 1,498.20 |
| August 2025 | 2,007.90 | 1,544.54 |
| September 2025 | 2,032.00 | 1,563.07 |
| October 2025 | 2,084.83 | 1,603.71 |
| November 2025 | 2,136.95 | 1,643.81 |
| December 2025 | 2,233.11 | 1,717.78 |
In 2025, HGIEL Limited’s projected share prices are expected to continue their upward trajectory. In January, the maximum price is anticipated to be ₹1,917.64 and the minimum ₹1,475.10. February’s prices are expected to range from ₹1,937.01 to ₹1,490.00. For March, the projected prices are between ₹1,977.68 and ₹1,521.29. In April, the prices are anticipated to range from ₹1,958.10 to ₹1,506.23. May’s expected prices are between ₹1,901.07 and ₹1,462.36. By June, HGIEL Limited’s shares are projected to fluctuate between ₹1,986.62 and ₹1,528.17. In July, the prices are expected to be between ₹1,947.66 and ₹1,498.20. For August, the anticipated range is ₹2,007.90 to ₹1,544.54. September’s prices are projected to be between ₹2,032.00 and ₹1,563.07. In October, the prices are expected to range from ₹2,084.83 to ₹1,603.71. By November, the anticipated prices are between ₹2,136.95 and ₹1,643.81. Finally, in December, HGIEL Limited’s shares are expected to range from a high of ₹2,233.11 to a low of ₹1,717.78.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,300.11 | 1,769.31 |
| February 2026 | 2,242.60 | 1,725.08 |
| March 2026 | 2,287.45 | 1,759.58 |
| April 2026 | 2,334.14 | 1,795.49 |
| May 2026 | 2,311.03 | 1,777.71 |
| June 2026 | 2,368.80 | 1,822.16 |
| July 2026 | 2,322.36 | 1,786.43 |
| August 2026 | 2,394.18 | 1,841.68 |
| September 2026 | 2,442.06 | 1,878.51 |
| October 2026 | 2,505.56 | 1,927.35 |
| November 2026 | 2,568.20 | 1,975.54 |
| December 2026 | 2,632.40 | 2,024.92 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,658.73 | 2,045.17 |
| February 2027 | 2,726.90 | 2,097.61 |
| March 2027 | 2,833.25 | 2,179.42 |
| April 2027 | 2,777.69 | 2,136.69 |
| May 2027 | 2,696.79 | 2,074.45 |
| June 2027 | 2,818.15 | 2,167.80 |
| July 2027 | 2,762.89 | 2,125.30 |
| August 2027 | 2,848.34 | 2,191.03 |
| September 2027 | 2,948.03 | 2,267.72 |
| October 2027 | 3,024.68 | 2,326.68 |
| November 2027 | 3,100.30 | 2,384.84 |
| December 2027 | 3,177.80 | 2,444.46 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,241.36 | 2,493.35 |
| February 2028 | 3,324.47 | 2,557.29 |
| March 2028 | 3,454.13 | 2,657.02 |
| April 2028 | 3,386.40 | 2,604.92 |
| May 2028 | 3,287.76 | 2,529.05 |
| June 2028 | 3,435.71 | 2,642.86 |
| July 2028 | 3,368.35 | 2,591.04 |
| August 2028 | 3,472.52 | 2,671.17 |
| September 2028 | 3,594.06 | 2,764.66 |
| October 2028 | 3,687.51 | 2,836.54 |
| November 2028 | 3,779.69 | 2,907.46 |
| December 2028 | 3,874.19 | 2,980.14 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,951.67 | 3,039.75 |
| February 2029 | 4,053.00 | 3,117.69 |
| March 2029 | 4,211.06 | 3,239.28 |
| April 2029 | 4,128.49 | 3,175.76 |
| May 2029 | 4,008.24 | 3,083.27 |
| June 2029 | 4,188.62 | 3,222.01 |
| July 2029 | 4,106.49 | 3,158.84 |
| August 2029 | 4,233.49 | 3,256.53 |
| September 2029 | 4,381.66 | 3,370.51 |
| October 2029 | 4,495.59 | 3,458.14 |
| November 2029 | 4,607.98 | 3,544.60 |
| December 2029 | 4,723.18 | 3,633.21 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,817.64 | 3,705.88 |
| February 2030 | 4,941.17 | 3,800.90 |
| March 2030 | 5,133.87 | 3,949.13 |
| April 2030 | 5,033.21 | 3,871.70 |
| May 2030 | 4,886.61 | 3,758.93 |
| June 2030 | 5,106.51 | 3,928.08 |
| July 2030 | 5,006.38 | 3,851.06 |
| August 2030 | 5,161.22 | 3,970.17 |
| September 2030 | 5,341.86 | 4,109.12 |
| October 2030 | 5,480.75 | 4,215.96 |
| November 2030 | 5,617.77 | 4,321.36 |
| December 2030 | 5,758.21 | 4,429.39 |
In 2030, HGIEL Limited’s share price is projected to vary as follows: January could see a high of ₹4,817.64 and a low of ₹3,705.88. February’s maximum is expected at ₹4,941.17 and minimum at ₹3,800.90. By March, prices may reach ₹5,133.87 at the peak and ₹3,949.13 at the lowest. In April, anticipate a maximum of ₹5,033.21 and a minimum of ₹3,871.70. May could see a high of ₹4,886.61 and a low of ₹3,758.93. June’s forecast includes a maximum of ₹5,106.51 and a minimum of ₹3,928.08. July might see prices of up to ₹5,006.38 and as low as ₹3,851.06. August is projected with a maximum of ₹5,161.22 and a minimum of ₹3,970.17. September may have a high of ₹5,341.86 and a low of ₹4,109.12. October’s range is expected to be ₹5,480.75 at the maximum and ₹4,215.96 at the minimum. In November, anticipate a peak of ₹5,617.77 and a low of ₹4,321.36. December might see a maximum of ₹5,758.21 and a minimum of ₹4,429.39.
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% |
From March 2020 to March 2024, the company’s financial performance has shown significant growth. Sales increased steadily from ₹2,217 crores in 2020 to ₹5,378 crores in 2024. Correspondingly, expenses also rose from ₹1,864 crores in 2020 to ₹4,317 crores in 2024. Despite the rising expenses, the operating profit improved from ₹353 crores in 2020 to ₹1,062 crores in 2024, maintaining an Operating Profit Margin (OPM) around 19-20%.
Other income saw fluctuations, starting at ₹14 crores in 2020, dipping slightly, and then rising to ₹36 crores in 2024. Interest expenses increased from ₹60 crores in 2020 to ₹217 crores in 2024, while depreciation also went up from ₹76 crores to ₹141 crores during the same period. Consequently, profit before tax grew from ₹231 crores in 2020 to ₹740 crores in 2024. The net profit followed a similar trend, rising from ₹167 crores in 2020 to ₹539 crores in 2024, with the Earnings Per Share (EPS) climbing from ₹25.57 to ₹82.64. The dividend payout percentage remained consistently low at 2%.
FAQs
What is HGIEL Limited current market capitalization?
HGIEL Limited currently boasts a market capitalization of ₹11,026 crore
HGIEL Limited share price soared to an impressive peak of ₹2,233.11 in December 2025, signaling strong investor confidence and market optimism.
Looking ahead, HGIEL Limited share price is anticipated to reach impressive heights, ranging from ₹3,705.88 to ₹5,758.21 by 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
In conclusion, H.G. Infra Engineering Limited (HGIEL) has demonstrated robust growth and stability over the past five years, with substantial increases in sales, operating profit, and net profit. The company’s focus on infrastructure development, particularly in roads and highways, underpins its market position. HGIEL’s projected share prices indicate a positive upward trajectory, with significant growth anticipated through 2025 and into 2030. The shareholding patterns reveal a stable promoter stake and a growing investor base, reflecting strong confidence in the company’s future. With a current market capitalization of ₹11,026 crore, HGIEL is poised for continued success and significant value appreciation in the coming years.
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