BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
On the recent appointment of some keys orders, HG Infra Engineering Ltd.’s Q3 operations scaled up materially and growth wasn’t without profitability.
Its maiden success with an order in the non-roads segment renders the quarter all the more appealing.
Collections couldn’t keep up with heightened activity and equity infusion needs. Consequently, leverage rose, but the balance sheet is still sturdy.
With technical due diligence underway for the four hybrid annuities, efforts are progressing. Subject to this, a share-purchase agreement could take a month, and NoCs/requisite approvals could then take another three months. If all goes as planned, and valuations match, HG Infra hopes to have cash in place by Sep-23.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.