Multibagger Stock Sets Record Date For Rs 1.25/Share Dividend, Scrip Up 400% In 3 Yrs

H.G. Infra Engineering Ltd, a mid-cap construction company recorded a market cap of Rs 6,098.71 Cr during Friday's closing session. The company has recommended a final dividend of Rs. 1.25 per share for FY23, and for the purpose of the same record date has been finalized.

H.G. Infra Engineering Dividend

The Board of Directors have "recommended a final dividend of Rs. 1.25/- per equity share of the face value of Rs. 10/- each for the financial year ended March 31. 2023, subject to the approval of the shareholders at the ensuing 21st Annual General Meeting (' AGM') of the Company," said H.G. Infra Engineering in a stock exchange filing.

While announcing the record date for the above said dividend, HG Infra informed stock exchanges on 29th July that "Pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Monday, August 14, 2023 has been fixed as the Record Date', for the purpose of determining the Members eligible to receive final dividend on the equity shares, for the financial year 2022-23, as recommended by the Board of Directors of the Company at its Meeting held on Wednesday. May 10, 2023. The dividend, if declared at the 21st Annual General Meeting ("AGM") of the Members of the Company scheduled to be held on Monday, August 21, 2023 at 2:00 p.m. (IST) through Video Conference (VC) / Other Audio-Visual Means (OAVM), will be paid on or before Tuesday, September 19, 2023."

H.G. Infra Engineering Financials

The company reported a net income of Rs 1542.20 Cr in Q4FY23 up by 44.50% YoY from Rs 1067.25 Cr reported in Q4FY22. Its net profit stood at Rs 170.92 Cr in the quarter ended March 31, 2023, up by 64.43% YoY from Rs 103.95 Cr reported in the same quarter of FY22. The company's EPS quarterly reached Rs 26.23 in Q4FY23 compared to Rs 15.95 in Q4FY22.

In the year ended FY2023 its net income stood at Rs 4640.23 Cr up by 23.45% from Rs 3758.75 Cr reported in the year ended FY2022. H.G. Infra Engineering said its net profit was Rs 493.19 Cr in 12MFY23 up by 29.77% from Rs 380.03 Cr in 12MFY22. Its annual EPS reached Rs 75.68 compared to Rs 58.31 in the entire FY22.

H.G. Infra Engineering Share Price

On Friday, the shares of H G Infra Engineering closed on the BSE at Rs 935.80 apiece down by 1.63% from the previous close of Rs 951.35. The stock made a 52-week-high of Rs 977.60 on (11/05/2023) and a 52-week-low of Rs 532.05 on (10/11/2022). The stock has produced a multibagger return of 299% over the last five years, while the scrip has produced a multibagger return of 412% during the past three years. In the last 1 year the stock has given a return of 57.94% and on a YTD basis, the stock has rallied 44.82% so far in 2023. During Q1FY24, the company reported promoter shareholding of 74.53%, FIIs stake of 1.59%, DIIs stake of 13.14% and public stake of 10.73%.