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Buy HG Infra Engineering; target of Rs 885: ICICI Direct

ICICI Direct is bullish on HG Infra Engineering has recommended buy rating on the stock with a target price of Rs 885 in its research report dated November 11, 2021.

November 11, 2021 / 11:36 AM IST
 
 
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ICICI Direct's research report on HG Infra Engineering


HG Infra Engineering is a Jaipur (Rajasthan) based infrastructure company with primary focus on roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting the railways, airport and water infra segment. Reported 28.8% revenue CAGR during FY16-21; operating margin improved consistently from 11.0% in FY16 to 16.2% in FY21 Proficient management, net debt free, superior return ratio (RoCE/RoE: >20%)


Outlook


We maintain BUY rating on the company We value HG Infra at a target price of Rs 885


For all recommendations report, click here

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first published: Nov 11, 2021 11:36 am

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