Buy HG Infra Engineering, target price Rs 820: Emkay Global

Emkay Global has buy call on HG Infra Engineering Ltd. with a target price of Rs 820. The current market price of HG Infra Engineering is Rs 576.4.

HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 3721.60 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 799.80 Crore, down -27.90 % from last quarter Total Income of Rs 1109.26 Crore and up 1.69 % from last year same quarter Total Income of Rs 786.52 Crore. Company reported net profit after tax of Rs 81.69 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.53 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.58 per cent, DIIs 14.16 per cent.