Highway Infrastructure Limited share price
Highway Infrastructure Limited, together with its subsidiaries, engages in tollway collection business in India. It operates in three segments: Toll Division; Work Contract Division and Machineries & Equipment Hire Division; and Real Estate Division. The company operates and manages collection systems on highway projects. It also executes a range of EPC infrastructure construction and development projects, including roads, bridges, highways, industrial infrastructure, irrigation works, tanks, civil and commercial buildings, housing, hospitality and residential buildings, industrial infrastructure, and allied civil works for the public and private sectors, as well as projects under governmen…Read more
- Market Cap₹ 377 Cr.
- Current Price₹ 52.54
- High / Low₹ 83 / 40
- Stock P/E14.2
- Book Value₹ 34
- Dividend Yield0.00 %
- ROCE19.4 %
- ROE18.80 %
- Face Value₹ 5.0
More figures (10)
- EPS (TTM)₹ 3.71
- Price / Book1.55
- OPM4.7 %
- Debt / Equity0.45
- Sales growth (3Y)10.1 %
- Profit growth (3Y)39.9 %
- Promoter holding73.2 %
- EV / EBITDA11.6
- Beta—
- All-time high₹ 131
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| HILINFRA | +19.87% | +19.35% | -4.26% | -9.96% | -33.77% | — | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Highway Infrastructure Limited is in the Infrastructure Operations industry (Industrials), with a market value of ₹377 crore.
- It trades at 14.2 times its last 12 months' earnings and 1.5 times book value.
- Revenue grew 10.1% a year over the last 3 years, profit 39.9% a year.
- Return on equity was 18.8% and return on capital employed 19.4% in the latest year.
- Debt was 0.45 times shareholders' equity.
- The share price is 36.6% below its 52-week high and down 33.8% over one year.
- Promoters and insiders hold about 73.2%; institutions about 0.0%.
Pros
AI- Strong return on equity: 20.2% on average over the last 3 years.
- Promoters hold a large stake of 70.04%.
Cons
AI- Latest quarter (Jun 2026): profit fell 85% from a year ago.
- Other income makes up 60% of profit before tax.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Highway Infrastructure Limited
Highway Infrastructure Limited, together with its subsidiaries, engages in tollway collection business in India. It operates in three segments: Toll Division; Work Contract Division and Machineries & Equipment Hire Division; and Real Estate Division. The company operates and manages collection systems on highway projects. It also executes a range of EPC infrastructure construction and development projects, including roads, bridges, highways, industrial infrastructure, irrigation works, tanks, civil and commercial buildings, housing, hospitality and residential buildings, industrial infrastructure, and allied civil works for the public and private sectors, as well as projects under government schemes. In addition, the company sub-contracts EPC infrastructure projects. Further, it engages in the ownership, development, construction, and sale of residential and commercial properties; and l…
- Employees
- 137
- Head office
- Indore
Peer comparison
IndustrialsInfrastructure Operations
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Highway Infrastructure | 52.54 | 14.2 | 377 | 0.00 | 1 | -85.27 | 303 | 170.91 | 19.4 | 18.8 | 1.55 | 4.7 | 0.45 | 73.19 | 608 | 10.1 |
| 2. | IRB Infrastructure Developers | 17.62 | 22.3 | 21,281 | 1.14 | 306 | 51.26 | 1,701 | -8.86 | 5.8 | 4.2 | 1.00 | 27.6 | 0.96 | 68.00 | 6,252 | -0.4 |
| 3. | LCC PROJECTS | 135.84 | 14.6 | 3,935 | 0.00 | 66 | — | 803 | — | 45.2 | 38.0 | 4.16 | 12.1 | 0.97 | 89.90 | 3,587 | 43.1 |
| 4. | Technocraft Ventures | 498.20 | 44.2 | 1,973 | 0.00 | 11 | — | 93 | — | 35.1 | 30.6 | 9.18 | 19.9 | 0.55 | 77.73 | 345 | 24.6 |
| 5. | BF Utilities | 470.00 | 12.9 | 1,770 | 0.00 | 42 | -49.30 | 270 | 29.59 | 27.6 | 114.0 | 8.78 | 65.8 | 4.62 | 64.44 | 948 | 17.7 |
| 6. | Markolines Pavement Technologies | 178.40 | 14.7 | 396 | 0.00 | 4 | 15.06 | 76 | 4.33 | 18.6 | 13.8 | 1.94 | 16.2 | 0.43 | 70.24 | 348 | 9.2 |
| 7. | ANNU PROJECTS | 44.17 | 8.8 | 289 | 0.00 | 1 | — | 20 | — | 28.8 | 23.8 | 1.36 | 20.5 | 0.34 | 67.44 | 241 | 22.9 |
| 8. | Noida Toll Bridge Company | 3.75 | 2.5 | 70 | 0.00 | 5 | 28.71 | 11 | 8.22 | 397.7 | -103.8 | -5.49 | 27.5 | -3.41 | 45.89 | 43 | 21.8 |
| 9. | Gayatri Highways | 1.82 | — | 44 | 0.00 | -3 | — | 7 | — | 8.1 | 0.2 | -0.07 | -10.8 | -0.99 | 64.57 | 15 | 24.0 |
| Median: 9 Co. | 52.54 | 14.4 | 396 | 0.00 | 5 | 15.06 | 93 | 8.22 | 27.6 | 18.8 | 1.55 | 19.9 | 0.45 | 68.00 | 348 | 21.8 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own past sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
No separate related-party filing among the recent announcements of the company.
| ₹ Cr | Mar 2026 | TTM |
|---|---|---|
| Sales | 608 | 911 |
| 582 | 881 | |
| Material Cost % | 92% | 93% |
| Employee Cost % | 2% | 2% |
| Other Expenses % | 2% | 1% |
| Operating Profit | 26 | 30 |
| OPM % | 4% | 3% |
| Other Income | 25 | 26 |
| Interest | 6 | 9 |
| Depreciation | 3 | 3 |
| Profit before tax | 43 | 44 |
| 25% | 26% | |
| Current tax | 11 | |
| Deferred tax | -0 | |
| 32 | 33 | |
| Minority share | -0 | 0 |
| EPS in Rs | 2.40 | 2.56 |
Compounded Sales Growth
- TTM:
- 27%
Compounded Profit Growth
- TTM:
- -16%
Stock Price CAGR
- 1 Year:
- -34%
Return on Equity
- 4 Years:
- 19%
- Last Year:
- 19%
| ₹ Cr | Mar 2026 | TTM |
|---|---|---|
| Sales | 600 | 903 |
| 576 | 875 | |
| Material Cost % | 92% | 93% |
| Employee Cost % | 2% | 2% |
| Other Expenses % | 2% | 1% |
| Operating Profit | 25 | 28 |
| OPM % | 4% | 3% |
| Other Income | 27 | 29 |
| Interest | 6 | 9 |
| Depreciation | 2 | 3 |
| Profit before tax | 43 | 45 |
| 25% | 26% | |
| Current tax | 11 | |
| Deferred tax | 0 | |
| Net Profit | 32 | 33 |
| EPS in Rs | 4.81 | 4.97 |
Compounded Sales Growth
- TTM:
- 26%
Compounded Profit Growth
- TTM:
- -16%
Stock Price CAGR
- 1 Year:
- -34%
Return on Equity
- 4 Years:
- 19%
- Last Year:
- 19%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 10 | 10 | 29 | 36 |
| Reserves | 64 | 84 | 84 | 192 |
| 64 | 70 | 72 | 104 | |
| Long term borrowings | 20 | 8 | 13 | 16 |
| Short term borrowings | 44 | 61 | 59 | 88 |
| 19 | 39 | 47 | 45 | |
| Trade payables | 7 | 14 | 15 | 11 |
| Minority interest | 1 | 7 | 5 | 0 |
| Current liabilities | 61 | 93 | 100 | 133 |
| Total Liabilities | 157 | 203 | 232 | 377 |
| 14 | 13 | 11 | 16 | |
| Gross block | 19 | 20 | 19 | 26 |
| Accumulated depreciation | 5 | 7 | 7 | 10 |
| Goodwill & intangibles | 0 | 0 | 0 | 0 |
| CWIP | 1 | |||
| 143 | 190 | 220 | 360 | |
| Inventories | 60 | 70 | 87 | 90 |
| Trade receivables | 23 | 27 | 40 | 65 |
| Cash & equivalents | 4 | 17 | 9 | 6 |
| Current assets | 112 | 158 | 191 | 277 |
| Total Assets | 157 | 203 | 232 | 377 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 14 | -5 | -66 | |
| Profit for the year | 12 | 19 | 20 | 32 |
| Working capital changes | -20 | -18 | -31 | -86 |
| Direct taxes paid | -5 | -8 | -8 | -9 |
| -4 | -6 | 12 | -48 | |
| Fixed assets purchased | -2 | -3 | -2 | -8 |
| Fixed assets sold | 1 | 2 | 1 | 0 |
| Cash from Financing Activity | -1 | -3 | -5 | 109 |
| Net Cash Flow | -0 | 5 | 2 | -6 |
| Free Cash Flow | 2 | 11 | -7 | -74 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROE | 15.8% | 22.7% | 19.1% | 13.9% |
| Operating margin | 5.7% | 6.3% | 5.9% | 4.3% |
| Net margin | 2.6% | 3.3% | 4.0% | 5.2% |
Balance-sheet ratios
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE | 26.9% | 34.1% | 27.5% | 19.4% |
| Debt / equity | 0.86 | 0.75 | 0.64 | 0.45 |
| Current ratio | 1.83 | 1.70 | 1.91 | 2.09 |
| Debtor days | 18 | 17 | 29 | 39 |
| Inventory days | 54 | 49 | 70 | 59 |
| Days payable | 7 | 10 | 13 | 7 |
| Cash conversion cycle | 65 | 56 | 86 | 91 |
| Working capital days | 41 | 41 | 67 | 87 |
ROE = profit for shareholders ÷ average net worth (paid-up capital + reserves, from each year's March results filed with NSE). Interest coverage = (profit before tax + interest) ÷ interest. ROCE = EBIT ÷ (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; working capital days = (current assets − current liabilities) ÷ sales × 365. Balance-sheet ratios are shown for the years whose full balance sheet is available (Yahoo Finance and NSE filings from FY2025).
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 70.04%
- DIIs 0.40%
- Public 29.56%
| % | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Promoters | 70.04% | 70.04% | 70.04% | 70.04% |
| 0.04% | 0.01% | |||
| Foreign portfolio investors (Cat. I) | 0.04% | 0.01% | ||
| 2.01% | 0.66% | 0.40% | 0.40% | |
| Banks | 0.50% | |||
| Alternative investment funds | 1.51% | 0.66% | 0.40% | 0.40% |
| 27.95% | 29.26% | 29.55% | 29.56% | |
| Retail (up to ₹2 lakh) | 20.77% | 22.68% | 22.55% | 22.38% |
| HNIs (above ₹2 lakh) | 4.46% | 4.64% | 5.26% | 5.71% |
| NRIs | 0.17% | 0.29% | 0.23% | 0.25% |
| Bodies corporate | 1.59% | 0.76% | 0.57% | 0.38% |
| No. of Shareholders | 65,400 | 63,010 | 60,459 | 58,170 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- General UpdatesHighway Infrastructure Limited has informed the Exchange about General Updates16-Oct-2026
- Outcome of Board MeetingHighway Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on October 14, 2026.14-Oct-2026
- Amendment to AOA/MOAHighway Infrastructure Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.14-Oct-2026
- AcquisitionHighway Infrastructure Limited has informed the Exchange about Acquisition14-Oct-2026
- Issue of SecuritiesHighway Infrastructure Limited has informed the Exchange about issue of Securities14-Oct-2026
- Outcome of Board MeetingHighway Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on October 14, 2026.14-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Highway Infrastructure Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201810-Oct-2026
- Press ReleaseHighway Infrastructure Limited has informed the Exchange regarding a press release dated October 09, 2026, titled "Highway Infrastructure Limited Receives Work Order for Rs. 24.46…09-Oct-2026
- Bagging/Receiving of orders/contractsHighway Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts08-Oct-2026
- Press ReleaseHighway Infrastructure Limited has informed the Exchange regarding a press release dated October 01, 2026, titled "Highway Infrastructure Limited Adds Rs. 24.46 Crore Toll Operati…01-Oct-2026
- Bagging/Receiving of orders/contractsHighway Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts30-Sep-2026
- Bagging/Receiving of orders/contractsHighway Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts30-Sep-2026
Annual reports
None filed recently.
Credit ratings
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Schedule of meet25-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Transcript21-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Link of Recording18-Aug-2026
- Investor PresentationHighway Infrastructure Limited has informed the Exchange about Investor Presentation14-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Schedule of meet13-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Transcript05-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Link of Recording02-Jun-2026
- Investor PresentationHighway Infrastructure Limited has informed the Exchange about Investor Presentation01-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Schedule of meet28-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHighway Infrastructure Limited has informed the Exchange about Schedule of meet04-Mar-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
From the company (NSE)
- General UpdatesHighway Infrastructure Limited has informed the Exchange about General UpdatesNSE filing · 16-Oct-2026
- Outcome of Board MeetingHighway Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on October 14, 2026.NSE filing · 14-Oct-2026
- Amendment to AOA/MOAHighway Infrastructure Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.NSE filing · 14-Oct-2026
- AcquisitionHighway Infrastructure Limited has informed the Exchange about AcquisitionNSE filing · 14-Oct-2026
- Issue of SecuritiesHighway Infrastructure Limited has informed the Exchange about issue of SecuritiesNSE filing · 14-Oct-2026
- Outcome of Board MeetingHighway Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on October 14, 2026.NSE filing · 14-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Highway Infrastructure Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018NSE filing · 10-Oct-2026
- Press ReleaseHighway Infrastructure Limited has informed the Exchange regarding a press release dated October 09, 2026, titled "Highway Infrastructure Limited Receives Work Order for Rs. 24.46…NSE filing · 09-Oct-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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