Hindustan Construction Company Limited
Incorporated in 1926, Hindustan Construction Company Limited is the flagship company of the Hindustan Construction Company Group. It is one of the oldest infrastructure development companies in India, founded by Mr. Walchand Hirachand. The HCC Group’...
Key Metrics
EPS
3.16
Current ratio
1.16
Debt/Equity
-54.77
Debt/EBITDA
5.61
Interest coverage ratio
1.89
Operating Cashflow to total debt
0.02
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Significant growth in scale of operations along with improvement in profitability on a sustained basis resulting in improved debt protection metrics.
Timely realization of arbitration awards and monetization of non-core assets resulting in improved liquidity and debt coverage metrics.
Extensive experience of management and established track record in civil construction industry
Healthy order book with geographical and segmental diversification
Improving operational and financial performance over last two financial years
Cons
Leveraged risk profile with subdued debt protection metrics
Elongated collection period
Volatile input prices impact profitability
Highly fragmented & competitive industry
Liquidity – Stretched
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About Hindustan Construction Company Limited bond.
This comprehensive profile covers key factual information about Hindustan Construction Company Limited. Incorporated in 1926, Hindustan Construction Company Limited is the flagship company of the Hindustan Construction Company Group. It is one of the oldest infrastructure development companies in India, founded by Mr. Walchand Hirachand. The HCC Group’s principal business areas can be classified into four broad verticals: 1) engineering and construction (E&C), 2) infrastructure development, 3) real estate and 4) urban development and management. The E&C vertical is undertaken by HCC, while the rest of the activities are carried out through separate subsidiary companies. The E&C business undertakes projects in transport, hydropower, nuclear power and special projects and water supply/irrigation segments. EPS in Mar-2024 was 3.16. Current ratio in Mar-2024 was 1.16. Debt/Equity in Mar-2024 was -54.77. Debt/EBITDA in Mar-2024 was 5.61. Interest coverage ratio in Mar-2024 was 1.89. Operating Cashflow to total debt in Mar-2024 was 0.02. Total revenue for March-2025(E) was ₹8210.10. Net income for March-2025(E) stood at ₹463.51. Total assets as of Mar-2024 were ₹9,059.38. Operating cash flow for Mar-2024 was ₹90.68. The company’s borrowing relationships include Asia Opportunities IV (Mauritius) Ltd (AOML) (₹N/A Cr), Export Import Bank of The United States (US EXIM) (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Canara Bank Bank (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), The Federal Bank (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), The Jammu & Kashmir Bank Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Canara Bank (₹N/A Cr), Central Bank of India (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), EXIM Bank of India (₹N/A Cr), The Federal Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IFCI Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), The Jammu & Kashmir Bank Limited (₹N/A Cr), NABARD (₹N/A Cr), Punjab National Bank (₹N/A Cr), SREI Equipment Finance Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr). Peers and comparison entities consist of Hindustan Construction Company Limited, Larsen and Toubro Limited, GMR Airports Limited, IRB Infrastructure Developers Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Significant growth in scale of operations along with improvement in profitability on a sustained basis resulting in improved debt protection metrics.; Timely realization of arbitration awards and monetization of non-core assets resulting in improved liquidity and debt coverage metrics.; Extensive experience of management and established track record in civil construction industry; Healthy order book with geographical and segmental diversification; Improving operational and financial performance over last two financial years. Key risks include: Leveraged risk profile with subdued debt protection metrics; Elongated collection period; Volatile input prices impact profitability; Highly fragmented & competitive industry; Liquidity – Stretched. Leadership team details include Aditya Pratap Jain (Non Executive Non Independent Director), Ajit Gulabchand (Chairman), Arjun Dhawan (Executive Vice Chairman), Arun Karambelkar (Independent Director), Girish Gangal (Chief Financial Officer), Jaspreet Bhullar (Managing Director & CEO), Mahendra Singh Mehta (Independent Director), Mita Dixit (Independent Director), Mukul Sarkar (Nominee Director), N R Acharyulu (Independent Director), Nitesh Kumar Jha (Company Secretary & Compliance Officer), Santosh Janakiram (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.