Highway Infra

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: 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 information available, it would be advisable to consider selling shares of Highway Infrastructure Ltd. The company has shown poor long-term growth, with net sales declining at an annual rate of -13.60% and operating profit decreasing by -19.26% over the last five years. While there are some positive indicators, such as a significant growth in profit before tax and a higher profit after tax for the recent nine months, these do not outweigh the concerning long-term trends. The return on equity is at 9.4, and the price to book value is 1.6, indicating a fair valuation, but the overall growth trajectory raises red flags.Given these factors, it may be prudent to sell rather than hold or buy more shares at this time.

Market Cap: Micro Cap
Industry: Construction
ISIN: INE00RL01028
NSEID: HILINFRA
BSEID: 544477
View on NSE | View on BSE

INR

48.50

0.25 (0.52%)

BSENSE

May 25

BSE+NSE Vol: 14.73 k

Access older stock analysis version

Upcoming Result: Highway Infra will declare its result soon on 26 May 2026

Mojo Score Change: Highway Infra has changed its score on 18 May 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

14.73 k (52.28%) 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

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?

19-May-2026

When is the next results date for Highway Infrastructure Ltd?

22-May-2026

The next results date for Highway Infrastructure Ltd is 26 May 2026.

View full answer

Which are the latest news on Highway Infra?

24-May-2026

Highway Infrastructure Ltd Falls 2.10%: 3 Key Factors Driving the Week’s Decline
When is the next results date for Highway Infrastructure Ltd?

Why is Highway Infrastructure Ltd falling/rising?

25-May-2026

As of 24-May, Highway Infrastructure Ltd's stock price is rising to 48.95, reflecting a 1.75% increase due to recent outperformance and consecutive gains. However, it has a year-to-date decline of 16.17%, indicating longer-term challenges despite the short-term positive trend.

View full answer

Compare Highway Infra with Similar Stocks

RPP Infra Proj.Chavda Infra Ltd Ganesh Infra.

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

With ROE of 9.4, it has a Expensive valuation with a 1.7 Price to Book Value

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Construction

Market cap

INR 348 Cr (Micro Cap)

P/E

10.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.03

Return on Equity

9.36%

Price to Book

1.67

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

-12.69%

6 Months

-26.09%

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 Valuation Shifts Signal Growing Price Pressure

Highway Infrastructure Ltd, a micro-cap player in the construction sector, has seen its valuation metrics shift notably, prompting a downgrade in its Mojo Grade from Hold to Sell. With its price-to-earnings (P/E) ratio rising to 9.99 and price-to-book value (P/BV) at 1.67, the stock now trades at a premium relative to its historical averages and peer group, raising questions about its price attractiveness amid subdued returns and sector challenges.

Read full news article

Highway Infrastructure Ltd Falls 2.10%: 3 Key Factors Driving the Week’s Decline

Key Events This Week

18 May: Stock hits lower circuit amid heavy selling pressure (Rs.47.35)

18 May: Valuation shifts to fair from expensive amid market challenges

19 May: Mojo Score downgraded to Sell citing valuation and technical concerns

22 May: Week closes at Rs.48.95, down 2.10% for the week

Week Open

Rs.50.00

Week Clo...

Read full news article

When is the next results date for Highway Infrastructure Ltd?

The next results date for Highway Infrastructure Ltd is scheduled for 26 May 2026....

Read full news article

Announcements

No announcement available

Corporate Actions

BOARD MEETING

26 May 2026

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

0.41%

ROCE (avg)

27.61%

ROE (avg)

17.43%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.67

EV to EBIT

18.67

EV to EBITDA

16.61

EV to Capital Employed

1.69

EV to Sales

0.83

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

Sideways

KST

Dow Theory

Mildly Bearish

No Trend

OBV

Mildly Bearish

No Trend

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