right time to invest in roads of INDIA
OVERVIEW OF HG INFRA -
company works under infrastructure sector ; construct roads, bridges, highways, extension and grading of runways, railways and land development.
HGIEL has evolved into a leading Indian road infrastructure development company, with a project execution capabilities over 9 states.
company is successfully completing and overtaking new projects. even in covoid company was able to generate profit.
company's client list - 1.NHAI 2.MORTH 3.PWD RAJASTHAN 4. IRB 5.MRM 6.TATA 7.ADANI 8.JAIPUR DA 9.MES
if we look closely around ongoing and upcoming project details of company most of them are commissioned by NHAI (National Highway Authority of India ). and if look closely sector wise infrastructure sector is not that much focused in market for now. but g-summit 2023 is going to happen in INDIA . NHAI giving contracts to develop indian infrastructure for upcoming largest event in 2023. we can bet on HG infra for infrastructure theme.
COMPANY'S FUNDAMENTAL-
1.constant growth in revenue and profits no dent.
2.holdings are strong with no pledging.
3.company's expenditures are decreasing with increase in revenue and profitability which is good sign.
4.company's EPS is increasing year on year.
5.PBT,EBITDA ratio increasing
6. less than sector PE ratio ( sector pe -75.88 / company's pe ratio -16.33 )
7. ROE - 22.27%
8. high debt company's working model still dept to equity is 0.65
TECHNICAL ANALYSIS-
corrected almost 31% from its all time high.
creating a base after correction.
pullback below 580 price happened twice.
right time to invest some part of capital in this stock.
this study is for education purpose only.
company works under infrastructure sector ; construct roads, bridges, highways, extension and grading of runways, railways and land development.
HGIEL has evolved into a leading Indian road infrastructure development company, with a project execution capabilities over 9 states.
company is successfully completing and overtaking new projects. even in covoid company was able to generate profit.
company's client list - 1.NHAI 2.MORTH 3.PWD RAJASTHAN 4. IRB 5.MRM 6.TATA 7.ADANI 8.JAIPUR DA 9.MES
if we look closely around ongoing and upcoming project details of company most of them are commissioned by NHAI (National Highway Authority of India ). and if look closely sector wise infrastructure sector is not that much focused in market for now. but g-summit 2023 is going to happen in INDIA . NHAI giving contracts to develop indian infrastructure for upcoming largest event in 2023. we can bet on HG infra for infrastructure theme.
COMPANY'S FUNDAMENTAL-
1.constant growth in revenue and profits no dent.
2.holdings are strong with no pledging.
3.company's expenditures are decreasing with increase in revenue and profitability which is good sign.
4.company's EPS is increasing year on year.
5.PBT,EBITDA ratio increasing
6. less than sector PE ratio ( sector pe -75.88 / company's pe ratio -16.33 )
7. ROE - 22.27%
8. high debt company's working model still dept to equity is 0.65
TECHNICAL ANALYSIS-
corrected almost 31% from its all time high.
creating a base after correction.
pullback below 580 price happened twice.
right time to invest some part of capital in this stock.
this study is for education purpose only.
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