External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

HG Infra Engineering Ltd / Equity Bottom-Up

<ul><li>H.G. Infra Engineering Limited (HGIEL) – incorporated in 2003, is a Jaipur (Rajasthan) based infrastructure company engaged in construction, development, designing, and management of infrastructure projects.</li><li>Over the last 18 years, the company has successfully transformed itself into a primary road developer from a sub- contractor and has completed 35 projects during this period.</li><li>Robust order book: The company’s order book stands healthy at Rs 12,595 Cr (as of 31st Mar’23), comprising 55% from the EPC road projects and the balance 45% from the HAM road projects.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

H.G. Infra Engineering Limited (HGIEL) – incorporated in 2003, is a Jaipur (Rajasthan) based infrastructure company engaged in construction, development, designing, and management of infrastructure projects.Over the last 18 years, the company has successfully transformed itself into a primary road developer from a sub- contractor and has completed 35 projects during this period.Robust order book: The company’s order book stands healthy at Rs 12,595 Cr (as of 31st Mar’23), comprising 55% from the EPC road projects and the balance 45% from the HAM road projects.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - H G Infra Ltd - 19 JUNE 2023

Thematic (Sector/Industry)

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<li>During the quarter, companies under our coverage reported Revenue/EBITDA/APAT growth of 9%/3%/8% against expectation of 9%/5%/6% YoY backed by better execution.</li>
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<li>Considerable improvement in performance matrix: On a sequential basis, Revenue/EBITDA/APAT showed considerable improvement and grew 21%/20%/27%.</li>
<li>EBITDA margins came at 15.5% vs. 16.3% YoY slightly lower owing to underperformance by GR Infraprojects Ltd while other stocks performed well.</li>
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<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


During the quarter, companies under our coverage reported Revenue/EBITDA/APAT growth of 9%/3%/8% against expectation of 9%/5%/6% YoY backed by better execution.





Considerable improvement in performance matrix: On a sequential basis, Revenue/EBITDA/APAT showed considerable improvement and grew 21%/20%/27%.
EBITDA margins came at 15.5% vs. 16.3% YoY slightly lower owing to underperformance by GR Infraprojects Ltd while other stocks performed well.




Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%)</li><li>The decorative business clocked 16/13% volume/value growth (15/12% volume/value growth YoY in Q4FY23)</li><li>The mix in Q4 was led by economy emulsions and waterproofing</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%)The decorative business clocked 16/13% volume/value growth (15/12% volume/value growth YoY in Q4FY23)The mix in Q4 was led by economy emulsions and waterproofingContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors

HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors, Aditya Birla Capital

<ul><li>HG Infra Engineering Ltd(HGIEL)reported a positive set of numbers in Q4FY23.</li><li>It reported revenue of Rs 1,470Cr, up 43% on YoY (above expectation).</li><li>The company posted EBITDA of Rs 238Cr, up 35% YoY(above expectation), and APATofRs 148Cr,up62% YoY (above expectations). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

HG Infra Engineering Ltd(HGIEL)reported a positive set of numbers in Q4FY23.It reported revenue of Rs 1,470Cr, up 43% on YoY (above expectation).The company posted EBITDA of Rs 238Cr, up 35% YoY(above expectation), and APATofRs 148Cr,up62% YoY (above expectations). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HG Infra Engineering Ltd - Beat On All Fronts

India

H.G. Infra Engineering Limited (HGIEL) provides infrastructure construction services. The Company offers highways, roads, bridges, runways, and civil construction, as well as land development, water pipelines, and rehabilitation and upgradation services. HGIEL serves customers in India.

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HG Infra Engineering Ltd (HGINFRA IN)

Pick of the Week - H G Infra Ltd - 19 JUNE 2023

Over the last 18 years, the company has successfully transformed itself into a primary road developer from a sub- contractor and has completed 35...

Axis Direct

Top Sector Ideas - Infra-Road Sector

During the quarter, companies under our coverage reported Revenue/EBITDA/APAT growth of 9%/3%/8% against expectation of 9%/5%/6% YoY backed by...

Axis Direct

HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors

Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%). The decorative business...

HDFC Securities

HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors, Aditya Birla Capital

Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%). The decorative business...

HDFC Securities

HG Infra Engineering Ltd - Beat On All Fronts

HG Infra Engineering Ltd(HGIEL)reported a positive set of numbers in Q4FY23. It reported revenue of Rs 1,470Cr, up 43% on YoY (above expectation).

Axis Direct

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