Hindustan Construction Company Ltd.

•

hccindia.comBSE: 500185NSE: HCC

Market Cap₹ 6,140 Cr.

Current Price

High / Low₹ 28 / 14

Stock P/E30.1

Book Value₹ 12

Price to Book1.17

Dividend Yield0.00 %

ROCE19.3 %

ROE8.2 %

Face Value₹ 1

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ABOUT

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 28.5%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.48x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 48.4% versus prior year
A large part of profit comes from other income (36.4% of PBT)
Promoter holding has decreased over last 2 years: -2.4pp
Interest coverage is weak at 1.6x - earnings barely cover interest
Equity base is being diluted - shares outstanding up 73.1%
Recurring exceptional / one-off items are inflating headline profit

* 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	3925.00	32.55	540027.44	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	207.00	47.98	43159.92	0.34	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1408.65	21.17	24055.87	0.78	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.07	24.14	23032.75	1.36	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1268.60	36.23	21792.97	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	273.15	19.58	15352.19	1.83	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	983.20	26.53	11434.57	0.71	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.45	35.43	10830.19	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	IRCON	115.10	20.67	10825.34	1.65	92.03	-43.92	1955.83	9.49	10.15	9.81
10.	KEC	392.85	18.89	10457.67	1.40	72.62	-41.72	5023.54	0.01	16.35	5.79
11.	AFCONS	274.30	69.72	10088.33	0.73	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	HCC	23.44	37.02	6140.03	0.00	51.08	0.69	993.42	-8.97	24.16	10.58

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,231	1,139	1,245	1,428	1,266	1,203	1,002	1,330	1,069	958	922	989	982
	1,076	975	1,091	1,214	1,106	989	855	917	910	804	782	808	962
Operating Profit	155	164	154	214	159	214	147	413	159	154	140	180	19
OPM %	12.60%	14.36%	12.35%	15.02%	12.58%	17.77%	14.68%	31.03%	14.87%	16.10%	15.16%	18.23%	1.97%
	18	42	108	126	21	23	26	28	21	18	71	-8	31
Interest	135	134	134	140	125	134	138	109	115	112	115	95	80
Depreciation	18	19	19	12	16	16	16	15	10	5	5	6	5
Profit before Tax	20	53	109	188	38	86	18	317	55	55	91	72	50
Tax %	3.86%	1.69%	36.98%	79.40%	40.91%	41.76%	1275.50%	27.93%	29.52%	33.45%	5.81%	38.18%	26.30%
Net Profit	19	52	69	39	23	50	-216	228	39	37	86	45	37
	0.12	0.33	0.43	0.24	0.14	0.30	-1.13	1.18	0.21	0.20	0.41	0.20	0.14

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,196	4,575	4,603	3,647	2,590	4,666	5,222	5,043	4,801	3,937	3,850
	3,442	3,931	4,014	3,182	2,290	3,877	4,510	4,356	3,868	3,304	3,356
Operating Profit	754	644	589	465	300	789	712	687	933	633	494
OPM %	17.96%	14.07%	12.79%	12.75%	11.57%	16.91%	13.64%	13.62%	19.43%	16.08%	12.82%
	241	251	-2,282	349	-221	80	285	294	98	102	112
Interest	772	660	699	746	830	949	664	543	506	436	402
Depreciation	125	123	145	109	91	94	78	68	65	25	20
Profit before Tax	97	112	-2,537	-41	-843	-173	255	370	460	273	269
Tax %	38.73%	30.76%	24.09%	-311.81%	32.78%	11.65%	0.58%	51.72%	81.54%	24.69%	24.00%
Net Profit	59	78	-1,926	-169	-566	-153	253	179	85	206	204
EPS	0.71	0.73	-16.81	-1.12	-3.74	-1.01	1.67	1.18	0.47	0.79	—
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:: -1%
5 Years:: 9%
3 Years:: -9%

COMPOUNDED PROFIT GROWTH

10 Years:: 8%
5 Years:: —
3 Years:: -7%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: -11%
5 Years:: 10%
3 Years:: 12%
Last Year:: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,589	2,673	1,202	1,027	461	317	570	770	1,734	2,825
	4,411	3,737	4,287	4,557	5,410	2,849	3,356	3,195	2,759	1,714
Trade Payables	1,616	1,810	1,808	1,781	1,650	1,826	1,855	1,796	2,061	2,017
	2,684	2,981	2,762	3,171	2,584	5,590	1,919	1,881	2,072	2,143
Total Liabilities	11,401	11,303	10,211	10,688	10,255	10,733	7,851	7,793	8,808	8,961
	595	598	418	345	480	372	300	229	156	182
Capital Work in Progress	187	160	169	178	2	1	0	1	7	19
	796	781	1,627	1,632	1,685	1,685	1,592	1,632	1,620	1,430
	233	179	197	192	188	176	170	126	124	128
	0	0	0	0	0	0	0	1,853	2,366	2,250
Cash & Bank	120	197	224	169	322	542	263	284	657	358
	9,469	9,387	7,575	8,171	7,578	7,958	5,525	3,668	3,880	4,594
Total Assets	11,401	11,303	10,211	10,688	10,255	10,733	7,851	7,793	8,808	8,961

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	658	1,391	672	368	-237	608	76	390	75	701
Cash from Investing	-195	-50	-244	-36	-42	-157	402	208	-49	-241
Cash from Financing	-437	-1,224	-317	-326	282	-478	-502	-581	286	-699
	8	44	10	-48	142	10	-22	17	312	-239

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

3925.00

32.55

540027.44

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

207.00

47.98

43159.92

0.34

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1408.65

21.17

24055.87

0.78

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.07

24.14

23032.75

1.36

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1268.60

36.23

21792.97

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

273.15

19.58

15352.19

1.83

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

983.20

26.53

11434.57

0.71

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.45

35.43

10830.19

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

IRCON

115.10

20.67

10825.34

1.65

92.03

-43.92

1955.83

9.49

10.15

9.81

KEC

392.85

18.89

10457.67

1.40

72.62

-41.72

5023.54

0.01

16.35

5.79

AFCONS

274.30

69.72

10088.33

0.73

30.30

-77.95

2671.00

-20.75

12.88

9.42

HCC

23.44

37.02

6140.03

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

1,231

1,139

1,245

1,428

1,266

1,203

1,002

1,330

1,069

958

922

989

982

1,076

975

1,091

1,214

1,106

989

855

917

910

804

782

808

962

Operating Profit

155

164

154

214

159

214

147

413

159

154

140

180

OPM %

12.60%

14.36%

12.35%

15.02%

12.58%

17.77%

14.68%

31.03%

14.87%

16.10%

15.16%

18.23%

1.97%

108

126

-8

Interest

135

134

140

125

134

138

109

115

112

115

Depreciation

Profit before Tax

109

188

317

Tax %

3.86%

1.69%

36.98%

79.40%

40.91%

41.76%

1275.50%

27.93%

29.52%

33.45%

5.81%

38.18%

26.30%

Net Profit

-216

228

0.12

0.33

0.43

0.24

0.14

0.30

-1.13

1.18

0.21

0.20

0.41

0.20

0.14

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,196

4,575

4,603

3,647

2,590

4,666

5,222

5,043

4,801

3,937

3,850

3,442

3,931

4,014

3,182

2,290

3,877

4,510

4,356

3,868

3,304

3,356

Operating Profit

754

644

589

465

300

789

712

687

933

633

494

OPM %

17.96%

14.07%

12.79%

12.75%

11.57%

16.91%

13.64%

13.62%

19.43%

16.08%

12.82%

241

251

-2,282

349

-221

285

294

102

112

Interest

772

660

699

746

830

949

664

543

506

436

402

Depreciation

125

123

145

109

Profit before Tax

112

-2,537

-41

-843

-173

255

370

460

273

269

Tax %

38.73%

30.76%

24.09%

-311.81%

32.78%

11.65%

0.58%

51.72%

81.54%

24.69%

24.00%

Net Profit

-1,926

-169

-566

-153

253

179

206

204

EPS

0.71

0.73

-16.81

-1.12

-3.74

-1.01

1.67

1.18

0.47

0.79

—

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

2,589

2,673

1,202

1,027

461

317

570

770

1,734

2,825

4,411

3,737

4,287

4,557

5,410

2,849

3,356

3,195

2,759

1,714

Trade Payables

1,616

1,810

1,808

1,781

1,650

1,826

1,855

1,796

2,061

2,017

2,684

2,981

2,762

3,171

2,584

5,590

1,919

1,881

2,072

2,143

Total Liabilities

11,401

11,303

10,211

10,688

10,255

10,733

7,851

7,793

8,808

8,961

595

598

418

345

480

372

300

229

156

182

Capital Work in Progress

187

160

169

178

796

781

1,627

1,632

1,685

1,592

1,632

1,620

1,430

233

179

197

192

188

176

170

126

124

128

1,853

2,366

2,250

Cash & Bank

120

197

224

169

322

542

263

284

657

358

9,469

9,387

7,575

8,171

7,578

7,958

5,525

3,668

3,880

4,594

Total Assets

11,401

11,303

10,211

10,688

10,255

10,733

7,851

7,793

8,808

8,961

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

658

1,391

672

368

-237

608

390

701

Cash from Investing

-195

-50

-244

-36

-42

-157

402

208

-49

-241

Cash from Financing

-437

-1,224

-317

-326

282

-478

-502

-581

286

-699

-48

142

-22

312

-239

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

Sign in to Chat with AI

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