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

• Market Cap: ₹49.74B
• Dividend Yield: N/A
• Average Volume (3M): 989.60K
• Price to Earnings (P/E): 29.6
• Beta (1Y): 2.48
• 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: 1,149,313
• 30 Day Avg. Volume: 989,600
• PEG Ratio: -0.51
• Price to Book (P/B): 4.97
• Price to Sales (P/S): 0.80
• P/FCF Ratio: 38.87
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: ₹27.00 ▼(-4.69% Downside)

The overall stock score of 48 reflects significant financial challenges, including declining revenue and high leverage, which are the most impactful factors. Technical analysis shows a neutral trend, while valuation indicates potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Hindustan Construction Co. Ltd. Business Overview & Revenue Model

Company Description

Hindustan Construction Co. Ltd. (HCC) is a leading Indian construction and infrastructure development company, primarily engaged in the execution of large-scale infrastructure projects across various sectors, including transportation, power, water resources, and urban infrastructure. Established in 1926, HCC is renowned for its expertise in complex engineering and construction solutions, delivering projects such as dams, highways, bridges, and urban transit systems. The company also has a presence in real estate development and project management services, emphasizing sustainability and innovation in its operations.

How the Company Makes Money

HCC generates revenue through the execution of construction contracts, where it undertakes large infrastructure projects and earns income based on the completion of these projects. The company's key revenue streams include civil engineering works, project management, and consultancy services. HCC often collaborates with government bodies, private sector clients, and international organizations, forming significant partnerships that enhance its project portfolio. Additionally, the company may engage in joint ventures or public-private partnerships (PPPs), allowing it to share risks and leverage resources for larger projects. The revenue model is further supported by its diversified project offerings and the growing demand for infrastructure development in India and abroad.

Hindustan Construction Co. Ltd. Financial Statement Overview

Summary

Hindustan Construction Co. Ltd. faces significant financial 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.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	48.79B	56.03B	70.31B	77.15B	102.21B	82.48B
Gross Profit	16.39B	18.45B	18.97B	20.25B	19.54B	13.93B
EBITDA	14.49B	7.94B	16.35B	9.60B	18.07B	2.22B
Net Income	1.66B	1.13B	4.78B	-278.40M	5.63B	-6.10B
Balance Sheet
Total Assets	0.00	80.88B	90.59B	131.80B	141.96B	127.79B
Cash, Cash Equivalents and Short-Term Investments	7.52B	7.52B	5.13B	11.54B	17.03B	12.62B
Total Debt	0.00	16.79B	22.23B	55.12B	20.18B	47.77B
Total Liabilities	-9.06B	71.83B	92.28B	138.94B	149.81B	140.97B
Stockholders Equity	9.06B	9.06B	-1.68B	-7.14B	-6.59B	-13.18B
Cash Flow
Free Cash Flow	0.00	1.16B	720.50M	-1.98B	6.63B	2.73B
Operating Cash Flow	0.00	1.34B	906.80M	169.10M	7.53B	3.48B
Investing Cash Flow	0.00	-354.50M	8.25B	4.25B	-2.24B	-745.70M
Financing Cash Flow	0.00	1.09B	-8.10B	-6.03B	-6.60B	1.01B

Hindustan Construction Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.33
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 28.33 is above the 20-day moving average (MA) of 27.84, above the 50-day MA of 27.61, and below the 200-day MA of 28.57, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 53.78 is Neutral, neither overbought nor oversold. The STOCH value of 51.23 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNRCON	75 Outperform	₹52.86B	5.55	―	0.13%	-2.17%	17.20%
ASHOKA	73 Outperform	₹53.38B	3.03	―	―	-8.43%	184.27%
JKIL	69 Neutral	₹47.20B	11.54	―	0.63%	17.23%	18.23%
AHLUCONT	69 Neutral	₹62.70B	28.43	―	0.07%	4.32%	-37.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MANINFRA	61 Neutral	₹57.91B	20.71	―	0.61%	-13.33%	-12.34%
HCC	48 Neutral	₹49.74B	29.57	―	―	-29.25%	-66.38%

Hindustan Construction Co. Ltd. Corporate Events

Hindustan Construction to Engage with Investors and Analysts

Hindustan Construction Company Limited has announced its participation in a Group Meeting with investors and analysts on September 25, 2025, organized by Arihant Capital. The meeting will focus on publicly available information, ensuring compliance with regulations regarding unpublished price-sensitive information, and the details will be available on the company’s website.

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.