HILINFRA Share Price | Highway Infrastructure Ltd Stock Analysis & Recommendation

Q: Is Highway Infra overvalued or undervalued?

As of 3 September 2025, the valuation grade for Highway Infra has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE Ratio of 34.29, an EV to EBITDA of 34.52, and a Price to Book Value of 5.98, all of which suggest that the stock is trading at a premium compared to its earnings and book value.In comparison to its peers, Highway Infra's PE Ratio is lower than DLF's 39.54 and Lodha Developers' 40.54, but it still reflects a high valuation relative to its earnings potential. Notably, the PEG Ratio is at 0.00, indicating no growth expectations factored into the price, which is concerning. Recent performance shows that Highway Infra has outperformed the Sensex over the past week with a return of 2.37% compared to the Sensex's -0.27%, but this short-term gain does not alter the overall valuation outlook.

Q: When is the next results date for Highway Infra?

The next results date for Highway Infra is scheduled for November 6, 2025.

Q: How has been the historical performance of Highway Infra?

Answer:The historical performance of Highway Infra shows a significant growth trajectory in its financial metrics for the year ending March 2025.Breakdown:In March 2025, Highway Infra reported total operating income of 495.72 crore, with a total expenditure of 464.39 crore, leading to an operating profit (PBDIT) of 40.09 crore. After accounting for interest and depreciation, the profit before tax stood at 30.25 crore, resulting in a profit after tax of 22.40 crore. The consolidated net profit for the period was 19.67 crore, translating to an earnings per share (EPS) of 3.4. The operating profit margin was recorded at 6.32%, while the profit after tax margin was 4.52%. On the balance sheet, total assets increased to 231.41 crore from 202.50 crore in the previous year, with shareholder's funds rising to 112.84 crore. The company also saw a notable increase in inventories, which reached 86.60 crore, and total current assets grew to 191.05 crore. However, total debt was reported at 0.00 crore, indicating a debt-free status. Cash flow from operating activities was negative at -4.00 crore, while cash flow from investing activities was positive at 12.00 crore, resulting in a net cash inflow of 1.00 crore by the end of the period.

Q: Should I buy, sell or hold Highway Infrastructure Ltd?

Based on the current situation of Highway Infrastructure Ltd, it would be advisable to hold your position in the company. The recent growth in profit before tax and the higher profit after tax for the last nine months indicate some positive short-term performance. However, the long-term outlook is concerning, with net sales and operating profit declining significantly over the past five years.Additionally, the company's return on equity is relatively low at 9.4, and its valuation appears expensive with a price-to-book ratio of 1.9. The decrease in institutional investor participation, who typically have more resources to analyze company fundamentals, further raises caution.Given these mixed signals, holding your investment seems prudent until there are clearer signs of improvement in the company's long-term growth prospects or a shift in institutional interest.

Technical Trend Update: Highway Infra witnessed a change in Technical Grade on 17 Apr 2026. Click here to discover latest technical change!

Mojo Score Change: Highway Infra has changed its score on 17 Apr 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.31 lacs (-10.28%) Volume

Shareholding (Mar 2026)

FII

0.01%

Held by 2 FIIs

DII

0.40%

Held by 0 DIIs

Promoter

70.04%

Is Highway Infra overvalued or undervalued?

04-Sep-2025

As of September 3, 2025, Highway Infra is considered very expensive and overvalued with a PE Ratio of 34.29, an EV to EBITDA of 34.52, and a Price to Book Value of 5.98, despite outperforming the Sensex recently, indicating a significant shift in its perceived value.

View full answer

When is the next results date for Highway Infra?

04-Nov-2025

The next results date for Highway Infra is November 6, 2025.

View full answer

How has been the historical performance of Highway Infra?

17-Nov-2025

Highway Infra's financial performance for the year ending March 2025 showed significant growth, with total operating income of 495.72 crore, a profit after tax of 22.40 crore, and a debt-free status. Total assets increased to 231.41 crore, while cash flow from operating activities was negative at -4.00 crore.

View full answer

Should I buy, sell or hold Highway Infrastructure Ltd?

18-Apr-2026

Which are the latest news on Highway Infra?

19-Apr-2026

Highway Infrastructure Ltd Downgraded to Sell Amid Technical and Valuation Concerns
Highway Infrastructure Ltd Upgraded to Hold by MarketsMOJO on Improving Technicals and Financials

Why is Highway Infrastructure Ltd falling/rising?

20-Apr-2026

As of 19-Apr, Highway Infrastructure Ltd's stock price is at Rs 56.90, reflecting a 3.87% increase. The stock has shown strong performance, gaining 17.37% over the past month and outperforming its sector, supported by positive financial indicators and increased investor participation.

View full answer

Compare Highway Infra with Similar Stocks

Mason Infratech Ganesh Infra.Giriraj Civil

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor long term growth as Net Sales has grown by an annual rate of -13.60% and Operating profit at -19.26% over the last 5 years

PBT LESS OI(Q) At Rs 6.29 cr has Grown at 45.8% (vs previous 4Q average)
PAT(9M) Higher at Rs 23.25 Cr

With ROE of 9.4, it has a Expensive valuation with a 1.9 Price to Book Value

Majority shareholders : Promoters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Construction

Market cap

INR 407 Cr (Micro Cap)

P/E

12.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.03

Return on Equity

9.36%

Price to Book

1.94

Revenue and Profits:

Net Sales:

127 Cr

(Quarterly Results - Dec 2025)

Net Profit:

6 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

6.3%

6 Months

-27.44%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Highway Infra for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Highway Infrastructure Ltd Upgraded to Hold Amid Mixed Financial and Technical Signals

Highway Infrastructure Ltd has seen its investment rating upgraded from Sell to Hold, reflecting a nuanced improvement across technical indicators and financial performance despite ongoing valuation concerns and subdued long-term growth. The micro-cap construction company’s recent quarterly results and evolving market trends have prompted analysts to reassess its outlook, balancing cautious optimism with persistent challenges.

Read full news article

Highway Infrastructure Ltd Downgraded to Sell Amid Technical and Valuation Concerns

Highway Infrastructure Ltd has seen its investment rating downgraded from Hold to Sell as of 15 April 2026, driven primarily by a deterioration in technical indicators, expensive valuation metrics, and subdued long-term financial trends. Despite a positive quarterly performance, the company faces challenges including falling institutional participation and a weak technical outlook, prompting a reassessment of its investment appeal.

Read full news article

Highway Infrastructure Ltd Upgraded to Hold by MarketsMOJO on Improving Technicals and Financials

Highway Infrastructure Ltd has seen its investment rating upgraded from Sell to Hold, reflecting a combination of improved technical indicators and positive quarterly financial results. Despite challenges in long-term sales growth and institutional participation, the company’s recent performance and mild bullish technical signals have prompted a reassessment of its outlook.

Read full news article

Announcements

Shareholder Meeting / Postal Ballot-Scrutinizers Report

13-Apr-2026 | Source : BSE

Scruitnizer Report for the postal ballot.

Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

13-Apr-2026 | Source : BSE

Amendment to MOA & AOA

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

13-Apr-2026 | Source : BSE

Postal Ballot Outcome dated 13th April 2026

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-13.60%

EBIT Growth (5y)

-19.26%

EBIT to Interest (avg)

2.48

Debt to EBITDA (avg)

1.81

Net Debt to Equity (avg)

0.39

Sales to Capital Employed (avg)

3.96

Tax Ratio

20.31%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

0.70%

ROCE (avg)

27.61%

ROE (avg)

17.43%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.94

EV to EBIT

21.75

EV to EBITDA

19.35

EV to Capital Employed

1.97

EV to Sales

0.96

PEG Ratio

Dividend Yield

ROCE (Latest)

9.05%

ROE (Latest)

9.36%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

KST

Dow Theory

Mildly Bullish

Bearish

OBV

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 2 FIIs (0.01%)

Promoter with highest holding

Anoop Agrawal (26.78%)

Highest Public shareholder

Rachna Agrawal (3.15%)

Individual Investors Holdings

27.8%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

127.83

88.01

45.24%

Operating Profit (PBDIT) excl Other Income

7.98

-6.56

221.65%

Interest

1.14

1.59

-28.30%

Exceptional Items

0.00

Standalone Net Profit

6.11

9.60

-36.35%

Operating Profit Margin (Excl OI)

6.24%

-7.45%

13.69%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 45.24% vs -22.53% in Sep 2025

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is -36.35% vs 33.33% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

201.62

179.06

12.60%

Operating Profit (PBDIT) excl Other Income

4.40

5.86

-24.91%

Interest

3.36

3.42

-1.75%

Exceptional Items

0.00

Standalone Net Profit

16.80

3.43

389.80%

Operating Profit Margin (Excl OI)

2.18%

3.27%

-1.09%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

329.45

289.66

13.74%

Operating Profit (PBDIT) excl Other Income

12.38

6.77

82.87%

Interest

4.50

4.86

-7.41%

Exceptional Items

0.00

Standalone Net Profit

22.91

7.86

191.48%

Operating Profit Margin (Excl OI)

3.76%

2.34%

1.42%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Change(%)

Net Sales

418.38

Operating Profit (PBDIT) excl Other Income

20.80

Interest

6.76

Exceptional Items

0.00

Standalone Net Profit

19.66

Operating Profit Margin (Excl OI)

4.97%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Annual Results

Company CV

About Highway Infrastructure Ltd

Highway Infrastructure Ltd

Micro Cap

Construction

No Details Available.

Company Coordinates

No Company Details Available