HG Infra - A Play On Thriving Road Segment: ICICI Direct Initiates Coverage
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
HG Infra Engineering Ltd., in a span of 18 years, has successfully emerged as an efficient road contractor led by the expertise gained over time to execute large-ticket road projects.
Additionally, its scaled-up prequalification, expansion in different geographies and decision to bag engineering procurement and construction/hybrid annuity model projects selectively has resulted into robust topline, bottomline growth (32.5%, 78.9% compound annual growth rate over FY16-20, respectively).
Going forward, it is well on track to achieve healthy 17.8%, 20.5% revenue, profit after tax CAGR, respectively, in FY21-23E given remarkable execution track record, strong order book-to-sales ratio and likely continued momentum in road sector.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.