Highway Infrastructure Limited

Highway Infrastructure Limited

HILINFRA.NS
Highway Infrastructure LimitedIN flagNational Stock Exchange of India
45.64
INR
+0.43
- -
3.27BMarket Cap
Highway Infrastructure Limited
HILINFRA.NS
(National Stock Exchange of India)

Recent

price

45.64

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
2026
TTM
FRC
49.5
63.46
79.96
69.12
- -
86.65
Revenue per Share
1.16
1.63
2.64
2.74
- -
4.57
Basic EPS, GAAP
-0.26
0.23
1.51
-0.93
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
8.64
10.19
12.7
15.31
- -
5.11
Book Value per Share
8.83
10.43
13.97
16.41
- -
32.56
Tangible Book Value per Share
72
72
72
72
- -
70
Basic Weighted Avg Shares
3,550
4,551
5,735
4,957
6,080
6,080
Sales/Revenue/Turnover
4.19
5.67
6.32
5.83
3.88
3.87
Operating Margin (%)
26
25
26
24
25
25
Depreciation Expense
83
117
190
197
321
321
Net Income, GAAP
26.35
29.2
28.45
25.97
25.38
25.38
Effective Tax Rate (%)
2.35
2.57
3.31
3.97
5.27
5.27
Profit Margin (%)
394
509
650
908
1,447
1,447
Working Capital
194
199
87
132
157
157
LT Debt
634
748
1,002
1,177
2,285
2,285
Total Equity
- -
14.1
16.81
11.89
6.73
6.73
Return on Invested Capital (%)
- -
10.85
14.23
12.64
22.68
22.68
Return on Capital (%)
- -
17.35
23.1
19.58
44.03
44.03
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
423
- -
881
LT Borrowings
160
- -
156
LT Finance Leases
1
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
- -
72
Market Capitalization
5,779
4,161
2,876

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,372
- -
2,773
Cash, Cash Equivalents & STI
902
- -
1,043
Accounts Receivable, Net
325
- -
647
Inventories
869
- -
903
Total Current Liabilities
812
- -
1,326
Payables & Accruals
- -
- -
- -
ST Debt
423
- -
881
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
94.13%
Free Cash Flow
- -
- -
1,007.02%
Net Income, GAAP
- -
- -
63.01%
Sales/Revenue/Turnover
- -
- -
22.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5,735
2025
1,071
1,168
1,398
1,321
4,957
2026
1,120
946
1,269
2,746
6,080

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.64
2025
0.44
0.19
0.46
1.66
2.74
2026
1.01
1.28
0.96
1.31
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Highway Infrastructure Limited (HILINFRA.NS) is an infrastructure development and management company engaged in tollway collection, engineering procurement and construction (EPC) infrastructure projects, and real estate development. The company operates toll collection systems across 11 states and 1 Union Territory in India, utilizing advanced electronic toll collection (ETC) technologies including RFID tags, FASTag integration, and automatic number plate recognition (ANPR) on key corridors such as the Delhi-Meerut Expressway and Kiratpur Fee Plaza; its EPC division undertakes design, construction, and maintenance of roadways, bridges, highways, civil infrastructure for residential, commercial, and hospitality buildings, as well as irrigation works under government schemes like PMAY and PMGSY, with over 66 projects completed and occasional sub-contracting for labor and materials; the real estate segment develops and sells residential gated communities, apartments, and integrated townships in Indore, Madhya Pradesh, including projects such as Karuna Sagar, New York City, and Beverly Plaza. Founded in 1995 and headquartered at 57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, India, the company serves government departments like the National Highways Authority of India (NHAI) and private clients, with tollway operations forming the largest revenue contributor at approximately 78%. Recent developments include securing multiple NHAI contracts for toll collection and maintenance, such as Rs 25.26 crore for the Delhi-Vadodara Greenfield Expressway in Rajasthan, Rs 18.96 crore for the Bandikui-Jaipur spur, Rs 69.77 crore for the Muzaina Hetim fee plaza in Uttar Pradesh, Rs 12 crore for the Ujjain-Garoth section, and Rs 31 crore for a Chhattisgarh toll plaza; EPC orders under the PM E-Bus Seva scheme for e-bus charging infrastructure totaling over Rs 3 crore; commencement of operations at new toll plazas like Kiratpur in Uttar Pradesh; a successful IPO in August 2025 raising funds for expansion; strong Q2 FY26 financial results with consolidated profit after tax surging to Rs 96.68 crore; and the appointment of Mr. Vinayak Parkhi as an additional non-executive independent director effective November 2025.