“H.G. Infra has a strong order book of Rs 14,656 crore in Q1FY26 (2.4x TTM revenue) and is targeting an order inflow of Rs 11,000 crore in FY26,” Geojit said. The brokerage added that the company’s HAM project monetisation “will strengthen its balance sheet” and that ongoing execution progress positions it for a 15% revenue CAGR over FY25–27E with sustained margins.
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