Buy HG Infra Engineering, target price Rs 1800: Axis Securities

Axis Securities has buy call on HG Infra Engineering with a target price of Rs 1800. The current market price of HG Infra Engineering Ltd. is Rs 1611.05.

HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 10588.02 Crore) operating in Infrastructure sector.

HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1531.79 Crore, down -10.62 % from last quarter Total Income of Rs 1713.86 Crore and up 12.92 % from last year same quarter Total Income of Rs 1356.54 Crore. Company reported net profit after tax of Rs 162.34 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.53 per cent stake in the company as of 30-Jun-2024, while FIIs owned 2.04 per cent, DIIs 12.12 per cent.