BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
HG Infra Engineering Ltd. reported revenue of Rs 3,615 crore in FY21 (on a standalone basis), registering a robust growth of 43% over FY21. The growth was driven by a robust order book and superior execution by the company despite challenges imposed by Covid 2.0 lockdowns.
As of March 31, 2022, the company’s order book stands healthy at Rs 7,972 crore, comprising engineering, procurement and construction and hybrid annuity model road projects.
EPC and HAM road projects constituted 45% and 55% of the total order book respectively. Client-wise, the public order book formed 92% and the rest 8% from the private side.
During the year, HG Infra completed three HAM and EPC projects each for which provisional completion certificate has been received. All these projects have been completed as per schedule. In the case of two HAM projects, the company is eligible for an early completion bonus.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR