WEBSITE BSE:544477 NSE: HILINFRA Inc. Year: 2006 Industry: Engineering - Construction My Bucket: Add Stock
Last updated: 15:55
Highway Infrastructure Ltd. is an Indian infrastructure company focused on three main areas: toll‑way operations, civil‑construction (EPC) projects, and selective real estate development. The company runs toll plazas across multiple states, collecting tolls using electronic/FASTag/ANPR systems, and also builds and upgrades roads, bridges, and other infrastructure under its EPC arm. Toll collection remains the core revenue engine — in recent years around three‑quarters of its income comes from toll operations, with the rest from EPC con...Read More
Highway Infrastructure Ltd. is an Indian infrastructure company focused on three main areas: toll‑way operations, civil‑construction (EPC) projects, and selective real estate development. The company runs toll plazas across multiple states, collecting tolls using electronic/FASTag/ANPR systems, and also builds and upgrades roads, bridges, and other infrastructure under its EPC arm. Toll collection remains the core revenue engine — in recent years around three‑quarters of its income comes from toll operations, with the rest from EPC construction and minimal real‑estate activity. As of May 2025, its order book (toll + EPC) is substantial, giving a reasonable visibility of near‑term work and cash flows. In its latest quarter, the company reported a healthy jump in revenue and net profit, benefiting from higher traffic, new toll contract wins, and improved operational efficiency. The company has gained attention post its 2025 IPO — listing with strong investor interest — which provides capital for working‑capital requirements and supports its growth plans. Given India’s ongoing push on highway infrastructure, expressway expansion, and greater tollway monetization through digital tolling, Highway Infrastructure is positioned to benefit from macro tailwinds. At the same time, its business is tied to demand for road travel, toll‑traffic volumes, and timely execution of EPC projects. Government contracting, regulatory approvals, and competitive bidding are also inherent risks for the company’s operations ...Read Less
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Market Cap ₹372 Cr.
Stock P/E 16.6
P/B 1.7
Current Price ₹51.9
Book Value ₹ 30.2
Face Value 5
52W High ₹134.9
Dividend Yield 0%
52W Low ₹ 40.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Net Sales | 107 | 117 | 140 | 112 | 95 | 127 |
| Other Income | 0 | 3 | 2 | 1 | 21 | 2 |
| Total Income | 107 | 119 | 142 | 112 | 115 | 128 |
| Total Expenditure | 99 | 116 | 133 | 100 | 102 | 119 |
| Operating Profit | 9 | 4 | 9 | 12 | 14 | 10 |
| Interest | 2 | 1 | 3 | 2 | 0 | 1 |
| Depreciation | 1 | 1 | 0 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 6 | 2 | 6 | 10 | 13 | 8 |
| Provision for Tax | 2 | 0 | 1 | 3 | 3 | 2 |
| Profit After Tax | 4 | 2 | 5 | 7 | 10 | 6 |
| Adjustments | -1 | -0 | -1 | 0 | -0 | 0 |
| Profit After Adjustments | 3 | 1 | 3 | 7 | 10 | 6 |
| Adjusted Earnings Per Share | 0.5 | 0.2 | 0.6 | 1.3 | 1.3 | 0.9 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 355 | 455 | 573 | 496 | 474 |
| Other Income | 3 | 2 | 3 | 9 | 26 |
| Total Income | 358 | 457 | 577 | 504 | 497 |
| Total Expenditure | 338 | 427 | 535 | 464 | 454 |
| Operating Profit | 20 | 29 | 42 | 40 | 45 |
| Interest | 6 | 7 | 9 | 7 | 6 |
| Depreciation | 3 | 3 | 3 | 2 | 3 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 12 | 19 | 30 | 30 | 37 |
| Provision for Tax | 3 | 6 | 9 | 8 | 9 |
| Profit After Tax | 9 | 14 | 21 | 22 | 28 |
| Adjustments | -0 | -2 | -2 | -3 | -1 |
| Profit After Adjustments | 8 | 12 | 19 | 20 | 26 |
| Adjusted Earnings Per Share | 1.4 | 2 | 3.3 | 3.4 | 4.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -13% | 12% | 0% | 0% |
| Operating Profit CAGR | -5% | 26% | 0% | 0% |
| PAT CAGR | 5% | 35% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 22% | 23% | 20% | 20% |
| ROCE Average | 22% | 23% | 21% | 21% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 62 | 74 | 93 | 113 |
| Minority's Interest | 1 | 1 | 7 | 5 |
| Borrowings | 19 | 20 | 8 | 13 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 0 |
| Total Current Liabilities | 72 | 61 | 102 | 108 |
| Total Liabilities | 155 | 157 | 211 | 239 |
| Fixed Assets | 15 | 14 | 13 | 11 |
| Other Non-Current Assets | 29 | 31 | 31 | 29 |
| Total Current Assets | 111 | 112 | 167 | 199 |
| Total Assets | 155 | 157 | 211 | 239 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 2 | 1 | 7 |
| Cash Flow from Operating Activities | -1 | 4 | 14 | -5 |
| Cash Flow from Investing Activities | -16 | -4 | -6 | 12 |
| Cash Flow from Financing Activities | 18 | -1 | -3 | -5 |
| Net Cash Inflow / Outflow | 1 | -0 | 5 | 2 |
| Closing Cash & Cash Equivalent | 2 | 1 | 7 | 8 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.44 | 2.03 | 3.28 | 3.4 |
| CEPS(Rs) | 1.92 | 2.82 | 4.16 | 4.29 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 10.81 | 12.83 | 16.12 | 19.53 |
| Core EBITDA Margin(%) | 4.89 | 6.08 | 6.7 | 6.32 |
| EBIT Margin(%) | 4.98 | 5.91 | 6.79 | 7.6 |
| Pre Tax Margin(%) | 3.26 | 4.28 | 5.22 | 6.1 |
| PAT Margin (%) | 2.4 | 3.03 | 3.73 | 4.52 |
| Cash Profit Margin (%) | 3.13 | 3.58 | 4.19 | 5 |
| ROA(%) | 5.49 | 8.85 | 11.64 | 9.94 |
| ROE(%) | 13.64 | 20.21 | 25.6 | 21.75 |
| ROCE(%) | 14.83 | 20.95 | 25.94 | 21.7 |
| Receivable days | 17.46 | 16.02 | 15.97 | 24.69 |
| Inventory Days | 62.11 | 48.47 | 41.45 | 57.57 |
| Payable days | -392.12 | 0 | 231.65 | 397.9 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.16 | 0.14 | 0.1 | 0.17 |
| EV/Core EBITDA(x) | 2.78 | 2.18 | 1.35 | 2.14 |
| Net Sales Growth(%) | 0 | 28.2 | 26 | -13.56 |
| EBIT Growth(%) | 0 | 52.1 | 44.88 | -3.24 |
| PAT Growth(%) | 0 | 61.99 | 55.17 | 4.6 |
| EPS Growth(%) | 0 | 40.53 | 61.9 | 3.74 |
| Debt/Equity(x) | 0.91 | 0.85 | 0.75 | 0.64 |
| Current Ratio(x) | 1.55 | 1.83 | 1.64 | 1.84 |
| Quick Ratio(x) | 0.71 | 0.84 | 0.95 | 1.04 |
| Interest Cover(x) | 2.89 | 3.64 | 4.32 | 5.07 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Sep 2014 | Sep 2015 | Sep 2016 | Mar 2018 | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 97.66 | 98.23 | 98.85 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 |
| FII | 0 | 0 | 0 | 0 | 0.55 | 0.55 | 0 | 0.04 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 5.55 | 5.55 | 2.01 | 0.66 | 0.4 |
| Public | 100 | 2.34 | 1.77 | 1.15 | 23.86 | 23.86 | 27.95 | 29.26 | 29.55 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2014 | Sep 2015 | Sep 2016 | Mar 2018 | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0.09 | 0.09 | 0.95 | 5.02 | 5.02 | 5.02 | 5.02 | 5.02 |
| FII | 0 | 0 | 0 | 0 | 0.04 | 0.04 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0.4 | 0.4 | 0.14 | 0.05 | 0.03 |
| Public | 0.09 | 0 | 0 | 0.01 | 1.71 | 1.71 | 2 | 2.1 | 2.12 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.09 | 0.09 | 0.09 | 0.96 | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 |
* The pros and cons are machine generated.
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