Hindustan Construction Co. Ltd. (HCC) AI Stock Analysis

• Market Cap: ₹50.14B
• Dividend Yield: N/A
• Average Volume (3M): 673.40K
• Price to Earnings (P/E): 29.8
• Beta (1Y): 2.53
• Revenue Growth: -29.25%
• EPS Growth: -66.38%
• Country: IN
• Employees: 4,001
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.40
• Shares Outstanding: 1,819,476,200
• 10 Day Avg. Volume: 960,273
• 30 Day Avg. Volume: 673,402
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹28.00
• Price Target Upside: 1.60% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: ₹28.00 ▲(1.60% Upside)

The overall stock score of 52 reflects significant financial challenges, including declining revenue and high leverage, which weigh heavily on the company's financial health. While technical indicators show moderate strength, the high P/E ratio suggests the stock is overvalued, limiting its appeal. The absence of earnings call data and corporate events further limits insights into future prospects.

Hindustan Construction Co. Ltd. Business Overview & Revenue Model

Company Description

Hindustan Construction Company Limited primarily provides engineering and construction services in India. It constructs roads, highways, expressways, bridges, elevated corridors, railways, metro rails, ports, and marine structures; dams, barrages, tunnels, powerhouses, shafts, and various underground works; and reactors, auxiliary buildings, spent fuel buildings, safety pump houses, and control buildings. The company also constructs integrated water supply systems, bulk water transmission projects, dams, barrages, irrigation, water treatment and sewage treatment plants, and aqueducts; and hydrocarbon, metals and process plants and factories, residential and commercial buildings, institutional buildings, and station buildings. In addition, it offers toll management, power development, real estate development, insurance auxiliary, information technology consulting, aircraft, township development, hotel, hospitality, entertainment, educational, retail and leasing, information and communication technology, housing, hostel, transport and tourism, city management, and parking services. Further, it engages in watersport, clubs, and adventure sports businesses; and the manufacture and sale of bamboo articles. Hindustan Construction Company Limited was founded in 1926 and is based in Mumbai, India.

How the Company Makes Money

Hindustan Construction Co. Ltd. generates revenue primarily through its construction and engineering contracts. The company bids on and secures contracts for large-scale infrastructure projects, which provide a steady stream of income through project-based payments from government bodies, private enterprises, and international clients. HCC also engages in public-private partnerships (PPPs) to undertake projects that require collaboration with government entities, offering a mix of upfront payments and long-term revenue sharing. Additionally, the company may earn revenue from joint ventures and strategic alliances with other construction firms, leveraging combined expertise to handle complex projects. HCC's diversified portfolio across various infrastructure sectors also helps mitigate risk and ensures continuous business from multiple avenues.

Hindustan Construction Co. Ltd. Financial Statement Overview

Summary

Hindustan Construction Co. Ltd. faces several challenges, including declining revenue, high leverage, and negative equity, which undermine financial stability. While there are some improvements in profitability margins and operating cash flow, the overall financial health remains concerning. The company needs to focus on improving revenue, managing expenses, and reducing debt to enhance its financial position and competitiveness in the engineering and construction industry.

Income Statement

The company experienced a decline in total revenue in recent years, from 102,211 million in 2022 to 56,033 million in 2025, indicating a negative revenue growth trajectory. Gross profit margin in 2025 is approximately 32.9%, which is healthy, but the net profit margin is low at 2.0%, reflecting challenges in managing expenses or external pressures. EBIT and EBITDA margins show a moderate improvement over the past year, but remain below industry standards.

Balance Sheet

The company struggles with a negative equity situation, as shown by negative stockholders' equity in recent years. The debt-to-equity ratio is not meaningful due to negative equity, highlighting high leverage and financial instability. The equity ratio is negative due to the company's liabilities exceeding its assets, posing a significant risk to financial health.

Cash Flow

Operating cash flow shows improvement in 2025, reaching 1,336 million, but free cash flow is relatively low compared to historical peaks. The operating cash flow to net income ratio is positive, indicating some ability to convert income into cash. However, inconsistent free cash flow growth and high net debt levels raise concerns over sustainability and flexibility in financing operations.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	56.03B	56.03B	70.31B	102.21B	98.57B	94.37B
Gross Profit	15.08B	18.45B	18.97B	19.54B	20.25B	21.10B
EBITDA	14.15B	7.94B	16.55B	18.07B	6.42B	11.43B
Net Income	1.13B	1.13B	4.78B	4.00B	-278.40M	1.97B
Balance Sheet
Total Assets	80.88B	80.88B	90.59B	141.96B	131.80B	121.68B
Cash, Cash Equivalents and Short-Term Investments	7.52B	7.52B	5.13B	17.03B	12.51B	3.51B
Total Debt	16.79B	16.79B	22.23B	44.67B	55.12B	42.53B
Total Liabilities	71.83B	71.83B	92.28B	149.81B	138.94B	129.27B
Stockholders Equity	9.06B	9.06B	-1.68B	-7.85B	-7.14B	-7.59B
Cash Flow
Free Cash Flow	0.00	1.16B	720.50M	6.63B	-1.98B	4.50B
Operating Cash Flow	0.00	1.34B	906.80M	7.53B	169.10M	5.38B
Investing Cash Flow	0.00	-354.50M	8.25B	-2.24B	4.25B	-357.10M
Financing Cash Flow	0.00	1.09B	-8.10B	-6.60B	-6.03B	-5.14B

Hindustan Construction Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.56
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HCC, the sentiment is Negative. The current price of 27.56 is below the 20-day moving average (MA) of 28.15, above the 50-day MA of 27.29, and below the 200-day MA of 29.89, indicating a neutral trend. The MACD of 0.32 indicates Positive momentum. The RSI at 46.67 is Neutral, neither overbought nor oversold. The STOCH value of 25.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HCC.

Hindustan Construction Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNRCON	75 Outperform	₹55.70B	5.85	22.06%	0.13%	-2.17%	17.20%
ASHOKA	75 Outperform	₹53.59B	3.04	43.27%	―	-8.43%	184.27%
AHLUCONT	72 Outperform	₹65.09B	29.22	11.24%	0.06%	4.32%	-37.38%
MANINFRA	70 Outperform	₹60.17B	21.36	16.03%	0.61%	-13.33%	-12.34%
JKIL	69 Neutral	₹47.30B	11.60	13.01%	0.64%	17.23%	18.23%
HCC	52 Neutral	₹50.14B	29.81	―	―	-29.25%	-66.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Hindustan Construction Co. Ltd. Corporate Events

Hindustan Construction Schedules Investor Meetings for September 2025

Hindustan Construction Company Limited has announced a schedule for in-person meetings with investors and analysts on September 4th and 5th, 2025. These meetings aim to discuss publicly available information without disclosing any unpublished price-sensitive information, aligning with the company’s commitment to fair disclosure practices.

Hindustan Construction Company Schedules Investor Meetings

Hindustan Construction Company Limited has announced a schedule for in-person meetings with analysts and institutional investors on September 4th and 5th, 2025. These meetings are part of the company’s engagement strategy and will involve discussions based on publicly available information, ensuring compliance with fair disclosure practices. This initiative is likely aimed at strengthening investor relations and maintaining transparency with stakeholders.

Hindustan Construction Company Presents Q1 FY26 Results

Hindustan Construction Company Ltd. announced the presentation of its Q1 FY26 results during an Analyst and Institutional Investor Meeting on August 7, 2025. This presentation is part of the company’s ongoing efforts to maintain transparency with investors and analysts, potentially impacting its market positioning by providing insights into its financial performance and strategic direction.

Hindustan Construction Co. Ltd. Releases QIP Monitoring Report

Hindustan Construction Co. Ltd. has released its Monitoring Agency Report for the quarter ending June 30, 2025, concerning a QIP issue of Rs. 600 crore. This report, reviewed by the Audit Committee, is part of compliance with SEBI regulations and reflects the company’s ongoing commitment to transparency and regulatory adherence, potentially impacting its financial positioning and stakeholder confidence.