Price
Financials
Consolidated, Rs crore| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 107.08 | 116.79 | 139.75 | 132.10 | 111.95 | 94.57 | 126.86 | 274.63 | 303.28 |
| Expenses | 98.60 | 115.51 | 133.32 | 116.97 | 100.42 | 101.59 | 118.82 | 261.12 | 299.49 |
| Operating Profit | 8.48 | 1.28 | 6.43 | 15.13 | 11.53 | -7.02 | 8.04 | 13.51 | 3.79 |
| OPM % | 7.92% | 1.10% | 4.60% | 11.45% | 10.30% | -7.42% | 6.34% | 4.92% | 1.25% |
| Other Income | 0.37 | 2.61 | 2.26 | 3.53 | 0.52 | 20.74 | 1.58 | 2.58 | 1.04 |
| Interest | 1.79 | 0.83 | 2.74 | 2.07 | 1.77 | 0.46 | 1.14 | 2.98 | 2.58 |
| Depreciation | 0.64 | 1.16 | 0.01 | 0.58 | 0.57 | 0.61 | 0.61 | 0.72 | 0.71 |
| Profit before tax | 6.42 | 1.90 | 5.94 | 16.01 | 9.71 | 12.65 | 7.87 | 12.39 | 1.54 |
| Tax % | 34.42% | 17.37% | 21.72% | 25.23% | 25.85% | 23.64% | 20.58% | 29.86% | 31.17% |
| Net Profit | 4.21 | 1.57 | 4.66 | 11.96 | 7.19 | 9.67 | 6.26 | 8.69 | 1.06 |
| EPS in Rs | 3.25 | 0.24 | 0.57 | 2.06 | 1.25 | 1.34 | 0.89 | 1.23 | 0.15 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 147 | 292 | 266 | 573 | 496 | 608 | 799 |
| Expenses | 132 | 275 | 247 | 534 | 464 | 582 | 781 |
| Operating Profit | 15 | 17 | 19 | 39 | 31 | 26 | 18 |
| OPM % | 10% | 6% | 7% | 7% | 6% | 4.3% | 2.3% |
| Other Income | 1 | 3 | 4 | 3 | 9 | 25 | 26 |
| Interest | 4 | 6 | 5 | 9 | 7 | 6 | 7 |
| Depreciation | 3 | 3 | 2 | 3 | 2 | 3 | 3 |
| Profit before tax | 10 | 11 | 15 | 30 | 30 | 43 | 34 |
| Tax % | 22% | 26% | 22% | 28% | 26% | 25% | |
| Net Profit | 8 | 8 | 12 | 21 | 22 | 32 | 26 |
| EPS in Rs | 8.02 | 8.64 | 12.18 | 19.69 | 3.40 | 4.47 | 3.61 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 33% | 32% | 60% | ||
| Compounded Profit Growth | % | 31% | 40% | 9% | ||
| Stock Price CAGR | % | % | % | -47% | ||
| Return on Equity | % | 18% | 19% | 19% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 29 | 36 |
| Reserves | 44 | 53 | 65 | 84 | 84 | 192 |
| Borrowings | 28 | 43 | 47 | 70 | 72 | 104 |
| Other Liabilities | 42 | 35 | 19 | 39 | 47 | 45 |
| Total Liabilities | 124 | 140 | 141 | 203 | 232 | 377 |
| Fixed Assets | 17 | 30 | 14 | 28 | 25 | 83 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 18 | 1 | 15 | 0 | 0 | 0 |
| Other Assets | 89 | 109 | 112 | 175 | 207 | 293 |
| Total Assets | 124 | 140 | 141 | 203 | 232 | 377 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -5 | -0 | 0 | 14 | -5 | -66 |
| Cash from Investing Activity | -2 | 0 | -1 | -6 | 12 | -48 |
| Cash from Financing Activity | 8 | -0 | 0 | -3 | -5 | 109 |
| Net Cash Flow | 1 | -0 | -1 | 5 | 2 | -6 |
| Free Cash Flow | -6 | -1 | -1 | 13 | -1 | -74 |
| CFO/OP | -19% | 16% | 19% | 57% | 11% | -220% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 31 | 20 | 31 | 17 | 29 | 39 |
| Inventory Days | 122 | |||||
| Days Payable | 51 | |||||
| Cash Conversion Cycle | 102 | 20 | 31 | 17 | 29 | 39 |
| Working Capital Days | 88 | 55 | 74 | 27 | 56 | 78 |
| ROCE % | 18% | 18% | 27% | 19% | 19% |
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters | 70.04% | 70.04% | 70.04% | 70.04% |
| FIIs | 0.00% | 0.04% | 0.01% | 0.00% |
| DIIs | 2.01% | 0.66% | 0.40% | 0.40% |
| Public | 27.94% | 29.25% | 29.56% | 29.56% |
| No. of Shareholders | 65,400 | 63,010 | 60,459 | 58,170 |
Fundamentals
Market Cap₹ 312 Cr.
Current Price₹ 43.3
Stock P/E12.0
Book Value₹ 31.8
ROCE18.8 %
ROE18.8 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)60%
Compounded Profit Growth (TTM)9%
Consolidated figures.
Valuation
Market capRs 325 Cr
Enterprise valueRs 366 Cr
P/E (TTM)10.12x
Price to book5.20x
Price to sales0.53x
EV / EBITDA7.12x
EV / EBIT7.48x
EV / sales0.60x
Earnings yield9.88%
Profitability
Operating margin (excl. other income)5.79%
Operating margin (incl. other income)6.66%
EBITDA margin8.47%
Pre-tax margin7.01%
Net profit margin5.27%
Net margin, latest quarter3.21%
ROE14.28%
ROCE18.08%
ROA6.31%
ROIC (approx.)34.78%
Tax rate25.86%
Other income / net worth4.03%
Growth
Sales growth (latest year)99.01%
Profit growth (latest year)7.77%
Sales growth QoQ116.48%
Profit growth QoQ37.60%
Sales growth YoY (latest quarter)107.90%
Profit growth YoY (latest quarter)-25.82%
Per share
EPS (TTM)Rs 4.45
EPS (latest year)Rs 8.64
EPS (latest quarter)Rs 1.22
Book value per shareRs 8.67
Sales per shareRs 84.42
Cash flow per shareRs -0.05
Free cash flow per shareRs -10.27
Efficiency
Asset turnover2.08x
Fixed asset turnover9.81x
Inventory turnover-0.32x
Debtor days20 days
Debtors turnover18.72x
Creditor days51 days
Cash conversion cycle39 days
Working capital days78 days
Leverage
Total debtRs 43 Cr
Cash and bankRs 1 Cr
Net debtRs 42 Cr
Debt to equity0.68x
Net debt / EBITDA0.81x
Interest coverage7.71x
Owners' fund to total sources44.49%
Debt to assets30.28%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -74 Cr
FCFE (approx.: FCF + change in debt)Rs -59 Cr
Cash from ops / profit, 5 years-0.60x
Statement figures
Net sales (TTM)Rs 608 Cr
Net sales (latest year)Rs 292 Cr
Sales (latest quarter)Rs 275 Cr
Operating profit excl. other income (latest year)Rs 17 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs 25 Cr
EBITDA (TTM)Rs 51 Cr
PBDT (TTM)Rs 45 Cr
Profit before tax (TTM)Rs 43 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 32 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs -19 Cr
Total expenditure (latest year)Rs 275 Cr
Total income (latest year)Rs 294 Cr
Share capitalRs 10 Cr
ReservesRs 53 Cr
Shareholders' fundsRs 62 Cr
Total assetsRs 140 Cr
Net blockRs 30 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 1 Cr
ReceivablesRs 16 Cr
InventoryRs 60 Cr
Other liabilitiesRs 35 Cr
Shares outstanding (crore)7.20
Ownership
Promoter holding70.04%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | HILINFRA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.4% | -2.8% | +7.2 pts |
| 1 month | +2.0% | -6.8% | +8.8 pts |
| 3 months | -3.3% | -7.6% | +4.4 pts |
| 6 months | +9.8% | +0.4% | +9.4 pts |
| 1 year | -46.0% | -9.9% | -36.1 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -34% of net profit over the last 2 years |
| look | Auditor change Auditor change 2026-09-24: Highway Infrastructure Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹303 Cr +170.9% vs Jun 2025.
Net profit ₹1 Cr -85.3%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.