HILINFRA share price, P/E, ROE & financials

As of 6 Nov 2026, Highway Infrastructure trades at 19.4× trailing earnings, above the industry P/E of 13.5×. Sales and net profit grew 10% and 40% a year over 3 years, with ROCE of 19% and ROE of 19%. Debt is 0.45× equity. It is a small-cap company with a market cap of ₹517 Cr, ranked 5th of 17 Infrastructure Operations companies by market cap; the shares fell 7.2% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹72.85
Day high: ₹74.80
Day low: ₹69.55
Prev. close: ₹71.67
Volume: 2.6 L

Health check

1 good · 3 fair · 2 to check

ReturnsAhead
−7.2% over a year, better than 5 of 7 peers.
Price tagPricier
P/E 19.4 vs industry 13.5.
GrowthSteady
Sales +10.1%, profit +39.9% a year over 3 years.
ProfitabilityAverage
ROCE 19.4% vs peer median 27.6%.
Balance sheetFair
Debt 0.45× equity, interest covered 9.8×, Piotroski 5 of 9.
Red flags1 to check
Quarterly profit down 85.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Infrastructure Operations

16 listed peers. Screen the industry

Small cap

₹517 Cr, #5 of 17 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹819 Cr · profit ₹26 Cr

Market cap: ₹517 Cr; Small cap
P/E: 19.4; Industry 13.5
Price to book: 2.12; Peers 1.79
Dividend yield: 0.00%
ROE: 18.8%; Peers 23.8%
ROCE: 19.4%; Peers 27.6%
Debt to equity: 0.45; Debt ₹104 Cr
EPS (TTM): ₹3.71; Face value ₹5
OPM (TTM): 2.3%; Net margin 3.2%
Sales growth: +170.9%; Latest quarter vs a year ago
Profit growth: −85.3%; Latest quarter vs a year ago
Price to sales: 0.63; EV/EBITDA 15.0

Strengths

Return on equity of 18.8%.
Quarterly sales up 170.9% on a year ago.

Risks to check

Quarterly profit down 85.3% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Highway Infrastructure

Highway Infrastructure Limited, together with its subsidiaries, engages in tollway collection business in India. It operates in three segments: Toll Division; Work Contract Division and Machineries & Equipment Hire Division; and Real Estate Division. The company operates and manages collection systems on highway projects. It also executes a range of EPC infrastructure construction and development projects, including roads, bridges, highways, industrial…

Headquarters: Indore
Employees: 137
Sector: Industrials
ISIN: INE00RL01028
Website: highwayinfrastructure.in

Price range

52 weeks

₹40.10₹79.10

Today

₹69.55₹74.80

Avg volume (3M): 3.5 L
1-year return: minus 7.2%
From 52-week high: minus 8.9%

Peers · Infrastructure Operations

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
IRBIRB Infrastructure Developers	17.02	minus 0.93%	20,557	19.1	13.5	5.8%	43.7%	0.94	−0.4%	minus 23.1%
LCCPROJECTLCC Projects	134.78	plus 0.25%	3,904	13.1	9.0	45.2%	14.0%	0.69	43.1%	minus 20.8%
TECHNOCRAFTechnocraft Ventures	510.30	plus 0.95%	2,021	45.2	29.6	35.1%	18.9%	0.55	24.6%	plus 64.0%
BFUTILITIEBF Utilities	440.75	minus 3.56%	1,660	12.1	2.9	26.4%	66.5%	–	7.7%	minus 35.7%
HILINFRAHighway Infrastructure	72.05	plus 0.53%	517	19.4	19.6	19.4%	2.3%	0.45	10.1%	minus 7.2%
MARKOLINESMarkolines Pavement Technologies	164.28	minus 4.67%	365	13.5	7.4	–	10.2%	0.43	9.2%	plus 4.3%
ATLANTAAATLANTAA	35.16	minus 4.84%	287	–	12.4	3.0%	41.3%	1.48	13.0%	minus 20.5%
ANNUAnnu Projects	38.20	minus 3.46%	250	7.6	5.7	28.8%	15.4%	0.34	22.9%	minus 49.5%
Median of 7 peers	–	−3.46%	1,660	13.3	9.0	27.6%	18.9%	0.62	13.0%	−20.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
112	94.6	127	275	303
100	102	119	261	299
11.5	−7	8	13.5	3.8
10.3%	−7.4%	6.3%	4.9%	1.2%
0.5	20.7	1.6	2.6	1
1.8	0.5	1.1	3	2.6
0.6	0.6	0.6	0.7	0.7
9.7	12.7	7.9	12.4	1.5
25.8%	23.6%	20.6%	29.9%	31.2%
7.3	9.6	6.4	8.8	1.1
1.25	1.28	0.96	1.31	0.16

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +10.1%
Profit CAGR 3Y: +39.9%
EPS CAGR 3Y: +43.2%
ROE: 18.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
455	573	496	608
–	+26.0%	minus 13.6%	+22.7%
427	535	464	577
28.3	38.9	31.4	30.9
6.2%	6.8%	6.3%	5.1%
0.3	1.3	5	23.9
6.1	7.3	5.8	4.8
2.5	2.6	2.4	2.5
−0.4	−0.3	2.1	−4.8
19.5	29.9	30.3	42.6
29.2%	28.4%	26.0%	25.4%
11.7	19	19.7	32.1
–	+61.9%	+3.7%	+63.0%
1.63	2.64	2.74	4.80

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
9.6	9.6	28.9	35.9
64.5	83.5	83.9	192
63.6	70.1	72.1	104
18.8	39.4	46.6	45.1
157	203	232	377
13.8	13	11.5	16.4
–	–	–	0.7
–	–	–	4.1
8.9	23.3	14.9	14.3
134	166	205	342
157	203	232	377

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4.2	14.2	−4.9	−66.4
−3.6	−6	12	−48.1
−1	−2.9	−5.4	109
−0.5	5.3	1.7	−5.8
−2.5	−3.4	−1.7	−7.7
1.7	10.8	−6.6	−74.1

Shareholding pattern

Source: NSE filings

70.0%

promoters

Promoters70.04%
Public29.96%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	70.04%	29.96%	0.00
30 Jun 2026	70.04%	29.96%	0.00
31 Mar 2026	70.04%	29.96%	0.00
31 Dec 2025	70.04%	29.96%	0.00
30 Sep 2025	70.04%	29.96%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you