Hindustan Construction Co. Ltd. (IN:HCC)
:HCC
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Hindustan Construction Co. Ltd.
(HCC)
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Rating:54Neutral
Price Target:
₹27.00
▲(38.96% Upside)
Action:Reiterated
Date:06/18/26
The score is held back primarily by weaker financial quality (contracting revenue, margin compression, and negative free cash flow) and a high P/E valuation. These risks are partially offset by strong technical momentum with the stock trading above key moving averages and positive MACD.
Positive Factors
Improved leverage and equity
A materially lower debt-to-equity (~0.48) and swing to positive equity reduce refinancing and solvency risks versus prior years. This improvement strengthens financial flexibility for bidding and capex, supporting long-term project execution and counterparty confidence.
Negative Factors
Multi-year revenue decline
A four-year revenue slide combined with margin compression signals weakening demand or competitive pricing pressure. Persisting top-line contraction undermines scale economics, reduces fixed-cost absorption, and constrains the firm's ability to rebuild margins without structural demand or win-rate improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and equity
A materially lower debt-to-equity (~0.48) and swing to positive equity reduce refinancing and solvency risks versus prior years. This improvement strengthens financial flexibility for bidding and capex, supporting long-term project execution and counterparty confidence.
Read all positive factors
Hindustan Construction Co. Ltd. (HCC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹70.78B
Dividend YieldN/A
Average Volume (3M)989.60K
Price to Earnings (P/E)36.1
Beta (1Y)2.21
Revenue Growth-29.16%
EPS Growth44.18%
CountryIN
Employees4,001
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.81
Shares Outstanding2,619,468,000
10 Day Avg. Volume1,149,313
30 Day Avg. Volume989,600
Financial Highlights & Ratios
PEG Ratio1.34
Price to Book (P/B)1.42
Price to Sales (P/S)0.76
P/FCF Ratio-80.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.52
Revenue Forecast (FY)₹50.30B
Hindustan Construction Co. Ltd. Business Overview & Revenue Model
Company Description
Hindustan Construction Company Limited, established in 1926 in Mumbai, India, primarily offers extensive engineering and construction services across the nation. Its comprehensive project portfolio includes developing critical transportation netwo...
How the Company Makes Money
HCC primarily makes money through contract revenue from executing infrastructure construction projects for government bodies, public-sector agencies, and private developers. Its core revenue model is project-based: it bids for and wins EPC and ite...
Hindustan Construction Co. Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
53
Neutral
Cash Flow
37
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.33B | 39.70B | 56.03B | 70.31B | 77.15B | 102.21B |
| Gross Profit | 15.59B | 10.98B | 18.45B | 18.97B | 20.25B | 19.54B |
| EBITDA | 13.31B | 5.65B | 7.94B | 16.35B | 10.11B | 17.45B |
| Net Income | 1.50B | 1.66B | 1.13B | 4.78B | -278.40M | 5.63B |
Balance Sheet | ||||||
| Total Assets | 85.37B | 84.92B | 80.88B | 90.59B | 131.80B | 141.96B |
| Cash, Cash Equivalents and Short-Term Investments | 6.57B | 5.99B | 7.52B | 5.13B | 11.54B | 17.03B |
| Total Debt | 16.10B | 10.19B | 16.79B | 22.23B | 55.12B | 20.18B |
| Total Liabilities | 74.45B | 63.65B | 71.83B | 92.28B | 138.94B | 149.81B |
| Stockholders Equity | 10.92B | 21.27B | 9.06B | -1.68B | -7.14B | -6.59B |
Cash Flow | ||||||
| Free Cash Flow | 1.09B | -377.00M | 1.16B | 720.50M | -1.98B | 6.63B |
| Operating Cash Flow | 1.35B | 435.60M | 1.34B | 906.80M | 169.10M | 7.53B |
| Investing Cash Flow | -219.50M | -4.93B | -354.50M | 8.25B | 4.25B | -2.24B |
| Financing Cash Flow | -2.15B | 2.80B | 1.09B | -8.10B | -6.03B | -6.60B |
Hindustan Construction Co. Ltd. Technical Analysis
Positive
19.43
Price Trends
21.91
Positive
19.67
Positive
22.10
Positive
Market Momentum
1.30
Negative
68.67
Neutral
87.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HCC, the sentiment is Positive. The current price of 19.43 is below the 20-day moving average (MA) of 23.64, below the 50-day MA of 21.91, and below the 200-day MA of 22.10, indicating a bullish trend. The MACD of 1.30 indicates Negative momentum. The RSI at 68.67 is Neutral, neither overbought nor oversold. The STOCH value of 87.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HCC.
Hindustan Construction Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹42.32B | 21.28 | ― | 1.03% | -43.10% | -32.97% | |
66 Neutral | ₹37.68B | 9.64 | ― | 0.67% | 0.52% | -1.01% | |
65 Neutral | ₹37.86B | 1.34 | ― | ― | -25.08% | 51.20% | |
65 Neutral | ₹39.64B | 8.94 | ― | 0.16% | -41.35% | -56.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹56.16B | 20.76 | ― | 0.06% | 11.38% | 31.55% | |
54 Neutral | ₹70.78B | 36.07 | ― | ― | -29.16% | 44.18% |
* Industrials Sector Average
IN:HCC
Hindustan Construction Co. Ltd.
27.02
-3.06
-10.17%
IN:AHLUCONT
Ahluwalia Contracts (India) Limited
838.30
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IN:ASHOKA
Ashoka Buildcon Limited
134.85
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IN:JKIL
J. Kumar Infraprojects Limited
497.95
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IN:KNRCON
KNR Constructions Limited
140.95
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-32.44%
IN:MANINFRA
Man Infraconstruction Limited
104.85
-54.39
-34.16%
Hindustan Construction Co. Ltd. Corporate Events
HCC Wins Rs 2,917 Crore CIDCO Water Infrastructure Contract in Joint Venture
Apr 24, 2026
Hindustan Construction Company Ltd. has secured a major contract worth about Rs 2,917.6 crore from the City and Industrial Development Corporation of Maharashtra for a joint venture project to build a 22.21 km raw water tunnel and a 250 MLD water ...
HCC Wins Rs 1,662 Crore JV Contract for Mumbai Goregaon-Mulund Link Road Phase IV
Mar 19, 2026
Hindustan Construction Company Ltd. has secured an infrastructure contract worth about Rs 1,662 crore from the Brihanmumbai Municipal Corporation as part of the Goregaon-Mulund Link Road corridor to enhance east-west connectivity in Mumbai. Awarde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.