PositionalPicks

looking good for 800+, keep on radar!

Long
NSE:HGINFRA   H.G. INFRA ENGINEE
#FewFacts:
*delivered good profit growth of 48.0% CAGR over last 5 years
*good return on equity (ROE) track record: 3 Years ROE 26.7%
*Debtor days have improved from 85.3 to 61.8 days.
*PE is just 10.5 whereas ROCE is 28.5 and ROE s 30.5
Services
The Co is majorly engaged in road construction activities through EPC Business with selective focus on Hybrid Annuity Model (HAM) Projects. The Co is also pre-qualified to independently bid for large EPC Projects and HAM Projects.
New Projects
The Co has received seven new projects recently. In September, 2021 the Co received a PWD project in Rajasthan worth Rs 448 crores and in October 2021, it received two new HAM orders in Odisha cumulatively worth Rs. 2615 crore. It also bagged orders worth Rs 1060 crores for the development of a road in Andhra Pradesh, EPC order worth Rs 1393 crores in New Delhi and two HAM orders cumulatively worth Rs 1409 crores in Telangana

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