HG Infra Q3 Results Review - Robust Execution; Order Book Diversification On Track: Centrum Broking

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.HG Infra Engineering Ltd.'s reported good set of numbers for Q3 FY24 driven by better than expected execution. Company has closed the first tranche (three projects) of its asset monetization for a consideration of Rs 3.7 billion and gain of Rs 1.6 billion (valuation multiple of 1.55 times price/book).Monetisation is expected to be completed by March 2024 thereby unlocking the much needed growth capital in the near term. National Highways Authority of India tendering is expected to be muted as code of conduct would kick-in by the end of FY24.However, HG Infra focus to diversify into non-road projects (target of 25%-30% of OB from non-road projects by FY25/FY26) would help to achieve its order inflow target. HG’s robust executable OB coupled with its asset monetization, provides greater comfort for future growth.We value HG Infra based on SOTP method wherein we have valued engineering, procurement and construction business at 12 time September 2025 profit after tax and asset business as 0.8 times P/B to arrive at our target price of Rs 1,218.Click on the attachment to read the full report:.Yes Bank Shares Leap Over 12% After HDFC Bank Group Gets Nod For Stake Purchase.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HG Infra Q3 Results Review - Robust Execution; Order Book Diversification On Track: Centrum Broking

First tranche of asset monetisation completed.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

HG Infra Q3 Results Review - Robust Execution; Order Book Diversification On Track: Centrum Broking

First tranche of asset monetisation completed.

Choose a plan

Follow Us

DOWNLOAD THE APP