Highway Infrastructure Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Highway Infrastructure Ltd. (HIL) is an integrated infrastructure development entity specializing in Engineering, Procurement, and Construction (EPC) services, toll collection, and real estate development. With over 30 years of execution experience, the company has established a presence across 11 states and one Union Territory in India. HIL primarily serves government and semi-government authorities, focusing on highway construction, road rehabilitation, and residential housing projects under the Pradhan Mantri Awas Yojana (PMAY). The company transitioned from a partnership firm to a listed entity in August 2025, marking a significant phase in its corporate evolution and capital structure.

Key Points

• Key Facts: Founded in 1995 as a partnership firm, Highway Infrastructure Ltd. is headquartered in Indore, Madhya Pradesh. The company listed on the BSE and NSE on August 12, 2025. It operates across three core business verticals: Tollway Collection, EPC Infrastructure, and Real Estate.
• Operations and Resources: HIL has completed over 105 projects and has 28+ ongoing projects as of early 2026. Its operational footprint includes major toll plazas like Mokha, Daroda, and Vataman, and significant EPC projects such as the Delhi-Meerut Expressway. The company maintains a presence in 11 states, demonstrating a diversified geographic reach beyond its home base in Madhya Pradesh.
• Ownership: Originally established as a partnership, the company transformed into a public limited entity to facilitate its 2025 listing. The management team includes experienced professionals like Mrs. Ritika Agarwal (Independent Director) and Ms. Palak Rathore (Company Secretary).
• Market and Significance: HIL plays a role in India’s infrastructure expansion, specifically in toll management for the National Highways Authority of India (NHAI). Its strategic importance is underlined by its participation in large-scale government-backed projects like PMAY housing.
• Business Model and Competencies: The company follows an integrated model where it manages the entire lifecycle of infrastructure projects—from construction (EPC) to operational management (Toll Collection). It excels in executing high-traffic toll contracts and urban infrastructure rehabilitation.
• Revenue Breakdown (FY25):
  • Tollway Collection: 73% of total revenue.
  • EPC Infrastructure: 23% of total revenue.
  • Real Estate & Others: 4% of total revenue.
  • Geographical Reach: Operations span 11 states including Gujarat, Madhya Pradesh, Delhi/U.P., and Andhra Pradesh.
• Key Products and Services:
  • Toll Collection: Management of fee plazas with notable contracts like the Kaza Fee Plaza (valued at Rs 328.8 crore).
  • EPC Projects: Construction of highways and residential complexes; delivered Rs 147.1 crore worth of housing under PMAY in Madhya Pradesh.
  • Real Estate: Projects such as Karuna Sagar and New York City (Indore).
• Clients and Partnerships: Major clients include NHAI, Indore Municipal Corporation (IMC), Madhya Pradesh Industrial Development Corporation (MPIDC), and Madhya Pradesh Road Development Authority (MPRDA).
• Financial Trends (9MFY26):
  • Revenue from Operations: Rs 333.4 crore.
  • EBITDA: Rs 35.4 crore (9.9% margin), a 65.2% increase YoY.
  • PAT: Rs 23.1 crore, showing a 121.5% growth compared to 9MFY25.
• Strategic Initiatives and Outlook: HIL is focusing on expanding its order book, which reached a milestone of Rs 1,000+ crore in 2025. Future growth is targeted through larger single-contract tollway projects and continued participation in national housing and highway expansion programs. The company maintained a net worth of Rs 211.1 crore as of September 2025, supported by a debt-to-equity ratio of 0.6x in FY25.

References

1. Investor Presentation Feb 2026
2. Investor Presentation Nov 2025