Hindustan Construction Company Ltd.

•

hccindia.comBSE: 500185NSE: HCC

Market Cap₹ 5,957 Cr.

Current Price

High / Low₹ 28 / 14

Stock P/E35.9

Book Value₹ 8

Price to Book1.69

Dividend Yield0.00 %

ROCE24.2 %

ROE10.9 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Engineering and Construction: 98.6% • Infrastructure: 1.3% • Others: 0.1%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 40.9%
Operating margins have improved to 14.2% from 7.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.38x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 84.8% versus prior year
A large part of profit comes from other income (49.9% of PBT)
Receivables are growing faster than sales - a possible quality concern
Interest coverage is weak at 1.5x - earnings barely cover interest
Promoter holding has decreased over last 2 years: -2.4pp
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	LT	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	HCC	22.74	35.91	5956.67	0.00	51.08	0.69	993.42	-8.97	24.16	10.58

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,927	1,833	1,474	1,773	1,816	1,407	1,007	1,374	1,091	961	925	992	993
	1,630	1,579	1,236	1,891	1,664	1,165	1,037	944	912	813	858	821	982
Operating Profit	296	254	239	-118	152	242	-30	429	179	148	67	171	12
OPM %	15.37%	13.85%	16.19%	-6.63%	8.39%	17.22%	-3.03%	31.27%	16.45%	15.38%	7.26%	17.21%	1.19%
	17	40	236	691	20	26	589	18	27	23	74	25	62
Interest	246	256	146	165	146	159	183	111	122	120	123	105	87
Depreciation	29	28	30	18	26	26	90	22	12	6	5	5	6
Profit before Tax	38	10	298	391	0	82	286	314	73	45	13	86	74
Tax %	-5.25%	76.24%	26.59%	41.85%	4174.36%	46.78%	95.33%	26.46%	30.81%	-12.31%	54.83%	38.29%	31.34%
Net Profit	0	0	0	0	-25	64	-389	901	51	48	8	59	51
	0.28	-0.02	1.15	1.56	-0.01	0.38	-0.20	0.46	0.28	0.26	0.04	0.27	0.19

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	9,867	10,132	10,544	9,444	8,248	10,668	8,270	7,007	5,603	3,970	3,872
	9,105	9,363	9,612	8,600	7,857	9,480	7,722	6,336	4,810	3,404	3,474
Operating Profit	761	770	932	844	391	1,188	548	671	794	565	398
OPM %	7.72%	7.59%	8.84%	8.94%	4.74%	11.13%	6.63%	9.57%	14.17%	14.24%	10.27%
	60	-104	-452	299	-187	619	463	984	653	149	184
Interest	1,543	1,525	808	817	1,001	1,036	1,012	813	600	469	434
Depreciation	206	201	177	152	136	138	128	105	164	27	22
Profit before Tax	-1,022	-1,100	-657	362	-867	637	-119	778	523	223	219
Tax %	3.87%	0.93%	92.42%	45.56%	29.67%	10.28%	55.93%	31.92%	78.47%	25.77%	26.63%
Net Profit	-983	-1,090	-50	197	-610	572	-53	529	113	166	160
EPS	-9.12	-7.69	-0.44	1.30	-4.03	3.72	-0.19	3.16	0.62	0.63	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -7%
5 Years:: -14%
3 Years:: -22%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -2%
5 Years:: 24%
3 Years:: 5%
1 Year:: -1%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 8%
3 Years:: 14%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	101	102	151	151	151	151	151	151	182	262
Minority Interest	-207	-483	0	0	0	0	0	0	0	0
	-369	-1,170	-1,151	-910	-1,469	-810	-866	-320	724	1,865
	9,781	9,417	5,235	5,462	6,207	3,544	7,189	3,460	2,734	1,950
Trade Payables	3,463	3,647	2,746	3,029	3,047	3,059	2,991	2,473	2,076	2,027
	4,500	5,241	3,486	3,982	4,093	7,539	2,930	2,671	2,240	2,212
Total Liabilities	17,269	16,754	10,467	11,715	12,029	13,482	12,396	8,436	7,955	8,317
	1,710	1,728	572	769	863	720	620	445	242	246
Capital Work in Progress	1,890	1,714	169	178	2	1	0	1	7	19
	476	417	181	356	418	59	79	246	110	198
	2,608	2,504	632	467	480	485	491	436	128	133
	0	0	0	0	0	0	0	2,204	2,388	2,253
Cash & Bank	759	952	856	843	1,262	1,542	1,154	513	697	458
	9,825	9,438	8,057	9,101	9,006	10,676	10,052	4,591	4,383	5,009
Total Assets	17,269	16,754	10,467	11,715	12,029	13,482	12,396	8,436	7,955	8,317

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	70	1,465	286	602	234	1,031	11	91	134	892
Cash from Investing	-59	71	-5	-36	-75	-225	426	825	-53	-364
Cash from Financing	46	-1,336	-312	-514	101	-660	-603	-810	109	-697
	34	176	-134	-12	374	62	-161	106	190	-170

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	18.59	18.59	16.72	16.72	16.72	16.71	16.81	16.72	16.17
	9.63	9.73	13.34	10.57	9.83	9.58	10.41	10.92	11.38
	6.55	5.94	7.43	6.82	6.81	6.77	4.75	4.10	3.45
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	65.22	65.74	62.50	65.89	66.64	66.93	68.02	68.24	68.99

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-28 - Hindustan Construction Company Limited has informed the Exchange about Schedule of meet

2026-08-18

Issue of Securities

2026-08-18 - Hindustan Construction Company Limited has informed the Exchange about issue of Securities

2026-08-18

Amendment to AOA/MOA

2026-08-18 - Hindustan Construction Company Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

2026-08-18

Appointment

2026-08-18 - Hindustan Construction Company Limited has informed the Exchange regarding Appointment of Mr Nakul Pasricha as Independent Director of the company w.e.f. July 10, 2026.

2026-08-18

Shareholders meeting

2026-08-18 - Hindustan Construction Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-18

Shareholders meeting

2026-08-18 - Hindustan Construction Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026

2026-08-11

Press Release

2026-08-11 - Hindustan Construction Company Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "HCC secures Rs. 524 crore NHPC contract in J&K".

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Hindustan Construction Company Limited has informed the Exchange about Transcript

2026-08-07

Copy of Newspaper Publication

2026-08-07 - Hindustan Construction Company Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for HCC

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Hindustan Construction Company Ltd.

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Free 5nance Account

Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

30.30

-77.95

2671.00

-20.75

12.88

9.42

HCC

22.74

35.91

5956.67

0.00

51.08

0.69

993.42

-8.97

24.16

10.58

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,927

1,833

1,474

1,773

1,816

1,407

1,007

1,374

1,091

961

925

992

993

1,630

1,579

1,236

1,891

1,664

1,165

1,037

944

912

813

858

821

982

Operating Profit

296

254

239

-118

152

242

-30

429

179

148

171

OPM %

15.37%

13.85%

16.19%

-6.63%

8.39%

17.22%

-3.03%

31.27%

16.45%

15.38%

7.26%

17.21%

1.19%

236

691

589

Interest

246

256

146

165

146

159

183

111

122

120

123

105

Depreciation

Profit before Tax

298

391

286

314

Tax %

-5.25%

76.24%

26.59%

41.85%

4174.36%

46.78%

95.33%

26.46%

30.81%

-12.31%

54.83%

38.29%

31.34%

Net Profit

-25

-389

901

0.28

-0.02

1.15

1.56

-0.01

0.38

-0.20

0.46

0.28

0.26

0.04

0.27

0.19

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

9,867

10,132

10,544

9,444

8,248

10,668

8,270

7,007

5,603

3,970

3,872

9,105

9,363

9,612

8,600

7,857

9,480

7,722

6,336

4,810

3,404

3,474

Operating Profit

761

770

932

844

391

1,188

548

671

794

565

398

OPM %

7.72%

7.59%

8.84%

8.94%

4.74%

11.13%

6.63%

9.57%

14.17%

14.24%

10.27%

-104

-452

299

-187

619

463

984

653

149

184

Interest

1,543

1,525

808

817

1,001

1,036

1,012

813

600

469

434

Depreciation

206

201

177

152

136

138

128

105

164

Profit before Tax

-1,022

-1,100

-657

362

-867

637

-119

778

523

223

219

Tax %

3.87%

0.93%

92.42%

45.56%

29.67%

10.28%

55.93%

31.92%

78.47%

25.77%

26.63%

Net Profit

-983

-1,090

-50

197

-610

572

-53

529

113

166

160

EPS

-9.12

-7.69

-0.44

1.30

-4.03

3.72

-0.19

3.16

0.62

0.63

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

101

102

151

182

262

Minority Interest

-207

-483

-369

-1,170

-1,151

-910

-1,469

-810

-866

-320

724

1,865

9,781

9,417

5,235

5,462

6,207

3,544

7,189

3,460

2,734

1,950

Trade Payables

3,463

3,647

2,746

3,029

3,047

3,059

2,991

2,473

2,076

2,027

4,500

5,241

3,486

3,982

4,093

7,539

2,930

2,671

2,240

2,212

Total Liabilities

17,269

16,754

10,467

11,715

12,029

13,482

12,396

8,436

7,955

8,317

1,710

1,728

572

769

863

720

620

445

242

246

Capital Work in Progress

1,890

1,714

169

178

476

417

181

356

418

246

110

198

2,608

2,504

632

467

480

485

491

436

128

133

2,204

2,388

2,253

Cash & Bank

759

952

856

843

1,262

1,542

1,154

513

697

458

9,825

9,438

8,057

9,101

9,006

10,676

10,052

4,591

4,383

5,009

Total Assets

17,269

16,754

10,467

11,715

12,029

13,482

12,396

8,436

7,955

8,317

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,465

286

602

234

1,031

134

892

Cash from Investing

-59

-5

-36

-75

-225

426

825

-53

-364

Cash from Financing

-1,336

-312

-514

101

-660

-603

-810

109

-697

176

-134

-12

374

-161

106

190

-170

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

18.59

16.72

16.71

16.81

16.72

16.17

9.63

9.73

13.34

10.57

9.83

9.58

10.41

10.92

11.38

6.55

5.94

7.43

6.82

6.81

6.77

4.75

4.10

3.45

Government

0.00

65.22

65.74

62.50

65.89

66.64

66.93

68.02

68.24

68.99

Hindustan Construction Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Hindustan Construction Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI