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Hindustan Construction Co. Ltd.
(HCC)
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Rating:54Neutral
Price Target:
₹23.50
▲(9.56% 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 Balance Sheet
Lower leverage and a return to positive equity improve HCC’s financial resilience relative to its earlier stressed position. This gives the contractor more balance-sheet capacity to absorb project volatility and support execution, although rebuilding stability remains important.
Negative Factors
Prolonged Revenue Decline
Four consecutive years of revenue contraction indicate that HCC’s project execution has not translated into sustained top-line expansion. A shrinking revenue base can reduce operating leverage, limit reinvestment capacity, and weaken the foundation for future earnings growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
Lower leverage and a return to positive equity improve HCC’s financial resilience relative to its earlier stressed position. This gives the contractor more balance-sheet capacity to absorb project volatility and support execution, although rebuilding stability remains important.
Read all positive factors
Hindustan Construction Co. Ltd. (HCC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹59.78B
Dividend Yield1.34%
Average Volume (3M)1.73M
Price to Earnings (P/E)29.5
Beta (1Y)2.09
Revenue Growth-20.64%
EPS Growth-12.46%
CountryIN
Employees4,001
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.77
Shares Outstanding2,619,468,000
10 Day Avg. Volume2,047,476
30 Day Avg. Volume1,730,700
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)1.15
Revenue Forecast (FY)₹44.16B
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 construction contracting for infrastructure owners, earning revenue by executing projects under EPC and other contract structures. Key revenue streams typically include: (1) Project execution revenue: Recognized a...
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 | 38.72B | 39.70B | 56.03B | 70.31B | 77.15B | 102.21B |
| Gross Profit | 11.02B | 10.98B | 18.45B | 18.97B | 20.25B | 19.54B |
| EBITDA | 5.89B | 7.20B | 7.94B | 16.35B | 10.11B | 17.45B |
| Net Income | 1.66B | 1.66B | 1.13B | 4.78B | -278.40M | 5.63B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 84.92B | 80.88B | 90.59B | 131.80B | 141.96B |
| Cash, Cash Equivalents and Short-Term Investments | 5.99B | 5.99B | 7.52B | 5.13B | 11.54B | 17.03B |
| Total Debt | 0.00 | 10.19B | 16.79B | 22.23B | 55.12B | 20.18B |
| Total Liabilities | -21.27B | 63.65B | 71.83B | 92.28B | 138.94B | 149.81B |
| Stockholders Equity | 21.27B | 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
Neutral
21.45
Price Trends
22.26
Positive
22.81
Negative
20.74
Positive
Market Momentum
0.37
Positive
50.41
Neutral
21.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HCC, the sentiment is Neutral. The current price of 21.45 is below the 20-day moving average (MA) of 22.70, below the 50-day MA of 22.26, and above the 200-day MA of 20.74, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 50.41 is Neutral, neither overbought nor oversold. The STOCH value of 21.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HCC.
Hindustan Construction Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹31.86B | 1.29 | ― | 0.65% | -24.59% | 39.70% | |
65 Neutral | ₹82.44B | 8.15 | ― | 0.29% | 25.06% | -7.89% | |
58 Neutral | ₹66.22B | 5.19 | ― | 0.25% | -18.82% | 46.79% | |
56 Neutral | ₹89.94B | 12.65 | ― | 1.56% | -1.81% | -12.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹59.78B | 29.52 | ― | 1.34% | -20.64% | -12.46% | |
44 Neutral | ₹95.96B | 65.08 | ― | 0.79% | -11.87% | -73.37% |
* General Sector Average
IN:HCC
Hindustan Construction Co. Ltd.
22.74
-5.73
-20.13%
IN:AFCONS
Afcons Infrastructure Limited
253.95
-191.36
-42.97%
IN:ASHOKA
Ashoka Buildcon Limited
113.90
-72.45
-38.88%
IN:DBL
Dilip Buildcon Ltd.
403.85
-143.65
-26.24%
IN:GRINFRA
G R Infraprojects Ltd.
854.70
-418.19
-32.85%
IN:NCC
NCC Limited
141.00
-64.53
-31.40%
Hindustan Construction Co. Ltd. Corporate Events
Hindustan Construction Company Files FY 2025-26 Sustainability Report
Jul 24, 2026
Hindustan Construction Company Ltd. has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to the NSE and BSE, in line with SEBI’s Listing Obligations and Disclosure Requirements. The report is pre...
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.