Hindustan Construction Co. Ltd. (IN:HCC)
:HCC
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Hindustan Construction Co. Ltd.
(HCC)
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Rating:45Neutral
Price Target:
₹22.00
▲(13.23% Upside)
Action:ReiteratedDate:12/09/25
The overall stock score of 45 reflects significant financial challenges, including declining revenue and high leverage, which weigh heavily on the company's financial performance. Technical analysis indicates a bearish trend with weak market momentum, further impacting the score. Valuation is moderate, but the absence of a dividend yield limits its appeal. The lack of earnings call data and notable corporate events means these factors do not influence the score.
Positive Factors
EPC Business Model Strength
HCC’s focus on large, complex EPC projects provides durable structural advantages: high technical and execution barriers to entry, multi-year contract structures, and exposure across transport, water and energy sectors. These characteristics support long-term contract opportunity and client relationships when order flows improve.
Negative Factors
Negative Equity / High Leverage
A negative equity position and excessive leverage materially weaken financial flexibility. This elevates refinancing and covenant risks, constrains the ability to secure favourable financing or guarantees, and can restrict eligibility for large EPC contracts that require strong balance-sheet credentials absent a recapitalization event.
Read all positive and negative factors
Positive Factors
Negative Factors
EPC Business Model Strength
HCC’s focus on large, complex EPC projects provides durable structural advantages: high technical and execution barriers to entry, multi-year contract structures, and exposure across transport, water and energy sectors. These characteristics support long-term contract opportunity and client relationships when order flows improve.
Read all positive factors
Hindustan Construction Co. Ltd. (HCC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹54.33B
Dividend YieldN/A
Average Volume (3M)989.60K
Price to Earnings (P/E)118.4
Beta (1Y)2.28
Revenue Growth-27.52%
EPS Growth-38.46%
CountryIN
Employees4,001
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.04
Shares Outstanding2,619,468,000
10 Day Avg. Volume1,149,313
30 Day Avg. Volume989,600
Financial Highlights & Ratios
PEG Ratio-0.51
Price to Book (P/B)4.97
Price to Sales (P/S)0.80
P/FCF Ratio38.87
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)₹59.93B
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,...
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
45
Neutral
Balance Sheet
30
Negative
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.33B | 56.03B | 70.31B | 77.15B | 102.21B | 82.48B |
| Gross Profit | 15.59B | 18.45B | 18.97B | 20.25B | 19.54B | 13.93B |
| EBITDA | 13.31B | 7.94B | 16.35B | 10.11B | 17.45B | 2.22B |
| Net Income | 1.50B | 1.13B | 4.78B | -278.40M | 5.63B | -6.10B |
Balance Sheet | ||||||
| Total Assets | 85.37B | 80.88B | 90.59B | 131.80B | 141.96B | 127.79B |
| Cash, Cash Equivalents and Short-Term Investments | 6.57B | 7.52B | 5.13B | 11.54B | 17.03B | 12.62B |
| Total Debt | 16.10B | 16.79B | 22.23B | 55.12B | 20.18B | 47.77B |
| Total Liabilities | 74.45B | 71.83B | 92.28B | 138.94B | 149.81B | 140.97B |
| Stockholders Equity | 10.92B | 9.06B | -1.68B | -7.14B | -6.59B | -13.18B |
Cash Flow | ||||||
| Free Cash Flow | 1.09B | 1.16B | 720.50M | -1.98B | 6.63B | 2.73B |
| Operating Cash Flow | 1.35B | 1.34B | 906.80M | 169.10M | 7.53B | 3.48B |
| Investing Cash Flow | -219.50M | -354.50M | 8.25B | 4.25B | -2.24B | -745.70M |
| Financing Cash Flow | -2.15B | 1.09B | -8.10B | -6.03B | -6.60B | 1.01B |
Hindustan Construction Co. Ltd. Technical Analysis
Positive
19.43
Price Trends
17.24
Positive
18.76
Positive
23.26
Negative
Market Momentum
0.48
Negative
67.09
Neutral
92.77
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 above the 20-day moving average (MA) of 16.01, above the 50-day MA of 17.24, and below the 200-day MA of 23.26, indicating a neutral trend. The MACD of 0.48 indicates Negative momentum. The RSI at 67.09 is Neutral, neither overbought nor oversold. The STOCH value of 92.77 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹38.43B | 0.56 | ― | ― | -20.53% | 87.83% | |
70 Outperform | ₹34.34B | 11.13 | ― | 0.16% | -42.03% | -61.34% | |
70 Outperform | ₹47.04B | 27.56 | ― | 1.03% | -29.91% | -16.71% | |
67 Neutral | ₹39.09B | 13.34 | ― | 0.67% | 5.19% | 3.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹58.45B | 30.38 | ― | 0.06% | 10.19% | -16.13% | |
45 Neutral | ₹54.33B | 118.38 | ― | ― | -27.52% | -38.46% |
* Industrials Sector Average
IN:HCC
Hindustan Construction Co. Ltd.
22.42
-3.25
-12.66%
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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.