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: 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: When is the next results date for Highway Infrastructure Ltd?

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

Q: Are Highway Infrastructure Ltd latest results good or bad?

Highway Infrastructure Ltd's latest results present a mixed picture. On one hand, the company achieved impressive revenue growth, with net sales for Q4 FY26 reaching ₹274.63 crores, which is a remarkable increase of 107.90% year-on-year and 116.48% quarter-on-quarter. This indicates strong demand and successful project execution.However, the profitability metrics raise significant concerns. The consolidated net profit for the same quarter was ₹8.82 crores, reflecting a decline of 25.82% year-on-year, despite a sequential improvement of 37.60%. The profit after tax (PAT) margin has dropped sharply from 9.05% in Q4 FY25 to just 3.16% in Q4 FY26, suggesting that while the company is generating more revenue, it is struggling to convert that into profit effectively. Additionally, the return on equity (ROE) has also decreased from an average of 17.43% to 9.36%, indicating a decline in capital efficiency. The company's cash flow dynamics are troubling, with operating cash flow turning negative, which could signal issues with working capital management.Overall, while Highway Infrastructure Ltd has demonstrated strong sales growth, the significant erosion in margins and returns raises questions about the sustainability of this growth. Investors may want to approach the stock with caution, considering the current challenges in profitability and operational efficiency.

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

Based on the latest information about Highway Infrastructure Ltd, it appears to be in a position of potential growth, particularly highlighted by the significant increase in profit before tax and net sales. The company's profit after tax for the last nine months is also higher, indicating strong performance.However, it's important to note that the net sales have shown a decline at an annual rate of -13.60%, which raises concerns about long-term sustainability. The return on capital employed (ROCE) of 7.3 suggests that the company is generating a reasonable return on its investments, and the attractive valuation with a 1.4 enterprise value to capital employed indicates that the stock may be undervalued.Given these factors, if you believe in the company's ability to maintain its recent positive momentum and address the sales decline, holding or even buying could be a reasonable strategy. However, if you are risk-averse or concerned about the long-term sales trend, it may be prudent to consider selling or holding off on new investments until there is clearer evidence of a turnaround in sales performance. Always consider your financial situation and investment goals before making a decision.

Results Declared: Highway Infra has declared results on 27 May 2026! Click here to unlock the latest financial performance

Technical Trend Update: Highway Infra witnessed a change in Technical Grade on 02 Jun 2026. Click here to discover latest technical change!

Mojo Score Change: Highway Infra has changed its score on 03 Jun 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

22.89 k (-47.61%) 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.

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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.

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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.

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Are Highway Infrastructure Ltd latest results good or bad?

27-May-2026

Highway Infrastructure Ltd's latest results show strong revenue growth with Q4 FY26 net sales up 107.90% year-on-year, but profitability is concerning, with net profit down 25.82% year-on-year and a significant drop in profit margins and return on equity. Investors should be cautious due to challenges in profitability and cash flow management.

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Should I buy, sell or hold Highway Infrastructure Ltd?

31-May-2026

Why is Highway Infrastructure Ltd falling/rising?

03-Jun-2026

As of 02-Jun, the stock price of Highway Infrastructure Ltd is declining, currently at 47.80, with a significant drop of -18.14% year-to-date. The stock has consistently underperformed its sector and moving averages, indicating a bearish trend despite increased investor participation.

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Which are the latest news on Highway Infra?

03-Jun-2026

Highway Infrastructure Ltd Downgraded to Sell Amid Deteriorating Fundamentals and Bearish Technicals
Highway Infrastructure Ltd Valuation Shifts Signal Changing Market Sentiment

Compare Highway Infra with Similar Stocks

Giriraj Civil RPP Infra Proj.Ganesh Infra.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Healthy long term growth as Net Sales has grown by an annual rate of -13.60%

Positive results in Mar 26

With ROCE of 7.3, it has a Attractive valuation with a 1.4 Enterprise value to Capital Employed

Majority shareholders : Promoters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Construction

Market cap

INR 344 Cr (Micro Cap)

P/E

11.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.34

Return on Equity

14.06%

Price to Book

1.50

Revenue and Profits:

Net Sales:

275 Cr

(Quarterly Results - Mar 2026)

Net Profit:

9 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-8.85%

6 Months

-26.27%

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 Downgraded to Sell Amid Deteriorating Fundamentals and Bearish Technicals

Highway Infrastructure Ltd has seen its investment rating downgraded from Hold to Sell, reflecting a deterioration in key quality and technical parameters despite an attractive valuation. The micro-cap construction company’s recent performance and market trends have prompted a reassessment of its prospects, signalling caution for investors.

Read full news article

Highway Infrastructure Ltd Valuation Shifts Signal Changing Market Sentiment

Highway Infrastructure Ltd has witnessed a notable shift in its valuation parameters, moving from a very attractive to an attractive price level, despite ongoing market headwinds and a micro-cap status. This article analyses the recent changes in key valuation metrics such as the price-to-earnings (P/E) and price-to-book value (P/BV) ratios, compares them with peer averages and historical benchmarks, and assesses the implications for investors amid a challenging construction sector environment.

Read full news article

Highway Infrastructure Ltd is Rated Sell

Highway Infrastructure Ltd is rated Sell by MarketsMOJO, with this rating last updated on 29 May 2026. However, the analysis and financial metrics discussed below reflect the stock’s current position as of 30 May 2026, providing investors with the most up-to-date view of the company’s fundamentals, returns, and market standing.

Read full news article

Announcements

Announcement under Regulation 30 (LODR)-Investor Presentation

01-Jun-2026 | Source : BSE

Announcement under Regulation 30(LODR)- Investors Presentations

Announcement under Regulation 30 (LODR)-Press Release / Media Release

29-May-2026 | Source : BSE

Press Release for financial results for quarter and year ended March 31 2026.

Compliances-Reg.24(A)-Annual Secretarial Compliance

29-May-2026 | Source : BSE

Annual Secretarial Compliance Report for the year ended March 31 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)

2.74

Debt to EBITDA (avg)

2.94

Net Debt to Equity (avg)

0.39

Sales to Capital Employed (avg)

1.97

Tax Ratio

25.50%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

0.41%

ROCE (avg)

9.37%

ROE (avg)

17.43%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.51

EV to EBIT

18.97

EV to EBITDA

17.09

EV to Capital Employed

1.38

EV to Sales

0.70

PEG Ratio

Dividend Yield

ROCE (Latest)

7.27%

ROE (Latest)

14.06%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Sideways

KST

Dow Theory

Mildly Bullish

No Trend

OBV

Mildly Bullish

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) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

270.95

127.83

111.96%

Operating Profit (PBDIT) excl Other Income

12.33

7.98

54.51%

Interest

1.82

1.14

59.65%

Exceptional Items

0.00

Standalone Net Profit

9.19

6.11

50.41%

Operating Profit Margin (Excl OI)

4.55%

6.24%

-1.69%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 111.96% vs 45.24% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is 50.41% vs -36.35% in Dec 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'26

Mar'26

Mar'25

Change(%)

Net Sales

600.39

418.38

43.50%

Operating Profit (PBDIT) excl Other Income

24.71

20.80

18.80%

Interest

6.32

6.76

-6.51%

Exceptional Items

0.00

Standalone Net Profit

32.10

19.66

63.28%

Operating Profit Margin (Excl OI)

4.12%

4.97%

-0.85%

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