Hindustan Construction Company Ltd logo

Hindustan Construction Company Ltd

HCC NSE

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹5,283 Cr
Volatility
Moderate
P/E Ratio
31.39
EBITDA
₹677 Cr
Return on Equity
7.78%
Debt to Equity
0.48
Book Value
₹8.12
52W High
₹28.5
52W Low
₹13.65

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Weaknesses

9
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.54%
  • The company has delivered a poor sales growth of -13.6% over past five years.
  • Promoter holding is low: 16.2%
  • Promoters have pledged 82.4% of their holding.
  • Earnings include an other income of Rs.192 Cr.
  • Company has high debtors of 207 days.
  • Company's cost of borrowing seems high

Growth Rate

Revenue Growth
-28.74% ↘
Net Income Growth
46.98% ↗
Cash Flow Change
567.56% ↗
ROE
-37.46% ↘
ROCE
-49.68% ↘
EBITDA Margin (Avg.)
3.56% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Hindustan Construction Company (HCC) trades at a market cap of ₹6,525 Cr with a PE of 39.5x. The company has shown strong profit growth (19% CAGR over 5 years) but continues to report declining revenues with a -14% compounded sales CAGR over 5 years, reflecting a business that is shrinking in top-line terms while improving profitability through operational restructuring.

Bull Case 7
  • Strong profit growth with 19% CAGR over 5 years and 32% CAGR over 3 years, indicating improving operational efficiency
  • Company has actively reduced debt, improving its balance sheet position from historically elevated leverage levels
  • TTM profit growth of 5,428% suggests a significant turnaround in earnings from a low base
  • Stock has delivered 17% CAGR over 5 years and 14% CAGR over 3 years, outperforming the sector on a medium-term basis
  • Price-to-book ratio of 3.06x with last year ROE of 9% indicates the market is pricing in future earnings improvement
  • India's infrastructure capex push provides a structural demand tailwind for construction companies in the industrials sector
  • Long operating history in large infrastructure projects (dams, tunnels, bridges) gives HCC technical expertise that is difficult to replicate
Bear Case 8
  • Compounded sales have declined at -14% CAGR over 5 years and -29% TTM, signaling a severely shrinking revenue base
  • Promoter holding is extremely low at 16.7% with 79.7% of promoter shares pledged, creating significant governance and margin-call risk
  • High debtor days of 207 indicates severe working capital stress and potential collection issues from government clients
  • Company has low interest coverage ratio despite debt reduction, suggesting borrowing costs remain burdensome relative to operating income
  • Zero dividend yield despite reporting repeated profits, indicating cash is being consumed by debt servicing rather than returned to shareholders
  • High cost of borrowing reflects elevated credit risk perception by lenders, limiting financial flexibility
  • PE of 39.5x is expensive for a company with negative sales growth, suggesting valuation is stretched relative to fundamentals
  • 10-year sales CAGR of -7% and stock CAGR of only 4% show prolonged structural underperformance over a full market cycle

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,927
1,833
1,474
1,773
1,816
1,407
1,007
1,374
1,091
961
925
992
993
Expenses
1,630
1,579
1,236
1,891
1,664
1,165
1,090
1,085
912
815
858
821
889
Operating Profit
296
254
239
-118
152
242
-83
288
179
146
67
171
105
OPM %
15%
14%
16%
-7%
8%
17%
-8%
21%
16%
15%
7%
17%
11%
Other Income
30
35
199
710
33
46
589
18
27
23
76
31
63
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
PBT
51
5
261
410
14
102
234
173
73
42
15
92
74
Tax %
-4%
161%
30%
40%
118%
38%
117%
48%
31%
-13%
48%
36%
31%
Net Profit
53
-3
182
246
-2
64
-39
90
51
48
8
59
51
EPS in Rs
0.22
-0.01
0.75
1.02
-0.01
0.26
-0.15
0.34
0.19
0.18
0.03
0.23
0.2
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10,353
8,540
9,867
10,132
10,544
9,444
8,248
10,668
8,270
7,007
5,603
3,970
3,872
Expenses
9,108
7,500
9,103
9,401
9,763
8,600
7,857
9,480
7,722
6,336
4,965
3,330
3,384
Operating Profit
1,244
1,040
764
731
781
844
391
1,188
548
671
639
639
488
OPM %
12%
12%
8%
7%
7%
9%
4.7%
11%
7%
10%
11%
16%
13%
Other Income
164
126
-37
-105
-452
487
-122
615
497
974
648
80
192
Interest
1,280
1,220
1,543
1,525
808
817
1,001
1,036
1,012
813
600
469
434
Depreciation
327
250
206
201
177
152
136
138
128
105
164
27
22
PBT
-199
-304
-1,022
-1,100
-657
362
-867
628
-94
726
523
223
224
Tax %
14%
76%
-4%
-1%
-92%
46%
-30%
10%
-71%
34%
78%
26%
—
Net Profit
-208
-537
-983
-1,090
-50
197
-610
563
-28
478
113
166
166
EPS in Rs
-1.04
-2.42
-3.15
-3.37
-0.21
0.81
-2.52
2.33
-0.12
1.98
0.43
0.63
0.64
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
65
78
101
102
151
151
151
151
151
151
182
262
Reserves
459
-560
-369
-1,170
-1,151
-910
-1,469
-810
-866
-320
724
1,865
Borrowings
11,880
9,495
9,780
9,456
4,108
4,253
4,777
2,018
5,512
2,223
1,679
1,019
Other Liabilities
6,606
6,718
7,557
8,198
7,802
8,707
9,322
12,835
8,381
7,005
5,578
5,341
Total Liabilities
19,010
15,730
17,069
16,586
10,910
12,200
12,781
14,194
13,178
9,059
8,163
8,487
Fixed Assets
4,494
1,865
1,713
1,729
575
771
866
723
623
449
242
247
CWIP
3,135
1,696
1,890
1,714
169
178
2
1
0
1
7
19
Investments
273
601
476
417
181
356
418
59
79
246
110
198
Other Assets
11,108
11,568
12,990
12,726
9,985
10,895
11,496
13,411
12,475
8,364
7,804
8,023
Total Assets
19,010
15,730
17,069
16,586
10,910
12,200
12,781
14,194
13,178
9,059
8,163
8,487
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
702
87
48
1,441
183
538
348
947
16
91
134
892
Investing
-843
180
-59
71
-5
-18
-83
-208
448
536
-90
-365
Financing
-181
-397
46
-1,336
-312
-514
101
-660
-603
-810
109
-697
Net Cash Flow
-322
-131
34
176
-133
5
366
79
-139
-183
153
-170
Free Cash Flow
-232
14
-180
1,498
158
471
287
892
-189
171
140
825
CFO/OP
54
8
9
200
37
71
60
87
2
19
22
140
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
26
25
85
89
123
73
199
72
119
115
156
207
Inventory Days
2,442
876
1,093
813
283
201
—
—
179
183
52
92
Days Payable
1,248
1,073
1,451
1,185
1,229
1,301
—
—
1,093
1,035
841
1,405
Cash Conversion Cycle
1,220
-172
-273
-282
-824
-1,027
199
72
-795
-738
-633
-1,106
Working Capital Days
-58
-58
-23
-150
-43
-127
-72
-40
-24
22
16
7
ROCE %
8%
7%
6%
7%
12%
29%
11%
50%
16%
21%
25%
25%

Shareholding Pattern

As of Jun 2026
Public 56.25%
Promoters 16.17%
Others 12.49%
FIIs 11.39%
DIIs 3.69%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
34.71%
34.71%
34.71%
34.71%
34.71%
32.56%
25.96%
18.59%
18.59%
18.59%
18.59%
18.59%
18.59%
18.59%
18.59%
18.59%
16.72%
16.72%
16.72%
16.71%
16.81%
16.72%
16.17%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.58%
0.00%
9.19%
9.25%
9.63%
9.73%
13.35%
10.57%
9.83%
9.59%
10.42%
10.92%
11.39%
DIIs
18.85%
18.81%
16.33%
13.33%
13.33%
13.25%
13.36%
13.12%
12.45%
11.77%
9.56%
9.16%
8.24%
7.76%
6.59%
5.97%
7.51%
6.85%
6.84%
6.79%
4.77%
4.13%
3.69%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
29.70%
29.20%
31.42%
33.50%
33.96%
35.43%
38.89%
46.06%
47.51%
50.32%
53.42%
52.88%
53.42%
53.34%
54.76%
55.72%
51.68%
55.21%
55.43%
55.65%
55.61%
56.37%
56.25%
Others
16.74%
17.27%
17.54%
18.45%
18.00%
18.75%
21.79%
22.23%
21.45%
19.32%
12.85%
19.38%
10.56%
11.07%
10.44%
9.99%
10.75%
10.65%
11.18%
11.26%
12.39%
11.86%
12.49%
No. of Shareholders
2,52,282
2,60,762
2,72,596
3,17,966
3,29,888
3,34,437
3,33,640
3,45,123
3,58,031
3,47,653
3,82,846
3,95,914
5,03,537
4,97,594
6,41,834
6,81,435
6,85,180
7,30,273
7,20,889
7,10,253
7,31,008
7,25,141
7,26,389

Documents

1
Concall - May 2017 May 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2017 Nov 2017
4
Concall - Jan 2018 Jan 2018
5
Concall - May 2018 May 2018

Frequently Asked Questions about Hindustan Construction Company Ltd

What does Hindustan Construction Company Ltd do?
Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear and thermal power p...
Where is Hindustan Construction Company Ltd (HCC) listed?
Hindustan Construction Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: HCC and BSE: 500185. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hindustan Construction Company Ltd belong to?
Hindustan Construction Company Ltd operates in the Construction sector within the Civil Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hindustan Construction Company Ltd?
Hindustan Construction Company Ltd has a market capitalisation of approximately ₹5283.47 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Hindustan Construction Company Ltd?
The Price-to-Earnings (PE) ratio of Hindustan Construction Company Ltd is 31.39. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hindustan Construction Company Ltd?
Over the past 52 weeks, Hindustan Construction Company Ltd has traded between a low of ₹13.65 and a high of ₹28.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Hindustan Construction Company Ltd?
Hindustan Construction Company Ltd has a Return on Equity (ROE) of 7.78%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hindustan Construction Company Ltd on Tapetide?
On Tapetide, you can view Hindustan Construction Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. [1]

Website hccindia.com
CEO Mr. Arjun Dhawan
Employees 3,031
Listed 2003-04-01
Face Value ₹ 1
Issued Size 2,61,94,68,062

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