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    HG Infra Engineering on a fast track

    HG Infra could see a strong rebound in fiscal 2022 on the back of a strong order book, execution track record and the government’s focus on road projects

    Jitendra Kumar Gupta
    July 15, 2020 / 09:44 AM IST
    HG Infra Engineering on a fast track

    Highways (Representative image)

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Jitendra Kumar Gupta Moneycontrol Research Highlights - March quarter performance better than expected - Revenue and profits record strong growth - Second half of the current fiscal to show recovery and fiscal 2022 to boost earnings - Strong order book, low debt and cash in the books to support growth - Stock trading at attractive valuations For an engineering and infrastructure company, the last quarter of a financial year typically turns out to be good because of the lumpy revenue recognition and the billing cycle. HG Infra (CMP:...

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