Highway Infrastructure Limited

About

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 infrastructure, irrigation works, tanks, civil and commercial buildings, housing, hospitality and residential buildings, industrial infrastructure, and allied civil works for the public and private sectors, as well as projects under government schemes. In addition, the company sub-contracts EPC infrastructure projects. Further, it engages in the ownership, development, construction, and sale of residential and commercial properties; and leasing of commercial and hospitality properties. Highway Infrastructure Limited was incorporated in 1995 and is headquartered in Indore, India.

Key Metrics

as of Sep 2026

Market Cap320 Cr

P/E12.40

Div Yield0.00 %

Book Value₹31.80

52w High₹94.00

52w Low₹40.60

Face Value₹5.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024
Sales	302.11	270.95	127.83	88.01	113.60	128.73	110.60	96.77	82.28
Expenses	298.86	258.62	119.85	94.57	102.64	114.11	109.69	95.99	77.22
Operating Profit	3.25	12.33	7.98	-6.56	10.96	14.62	0.91	0.78	5.06
OPM %	1.08	4.55	6.24	-7.45	9.65	11.36	0.82	0.81	6.15
Other Income	1.58	3.17	1.59	21.31	1.07	3.75	5.35	2.38	1.43
Depreciation	0.69	0.70	0.59	0.59	0.56	0.55	0.57	1.13	0.61
Interest	2.58	1.82	1.14	1.59	1.77	1.90	1.44	1.67	1.74
Profit before tax	1.56	12.98	7.84	12.57	9.70	15.92	4.25	0.36	4.14
Tax %	30.77	29.20	21.94	23.63	25.88	25.88	-4.24	27.78	23.43
Net Profit	1.07	9.19	6.11	9.60	7.20	11.80	4.43	0.26	3.16
EPS in Rs	0.15	1.28	0.85	1.34	1.25	2.04	0.77	0.04	3.28

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Sales	600.00	418.00	401.00	266.00	292.00	147.00	100.00	98.00	95.00
Expenses	575.00	398.00	373.00	247.00	275.00	132.00	87.00	85.00	80.00
Operating Profit	25.00	21.00	28.00	19.00	17.00	15.00	13.00	13.00	15.00
OPM %	4.20	5.00	7.00	7.00	6.00	10.00	13.00	13.00	16.00
Other Income	27.00	13.00	7.00	4.00	2.00	1.00	2.00	1.00	1.00
Interest	6.00	7.00	7.00	5.00	6.00	4.00	4.00	4.00	4.00
Depreciation	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00	4.00
Profit before tax	43.00	25.00	25.00	15.00	11.00	10.00	9.00	7.00	8.00
Tax %	26.00	20.00	23.00	22.00	26.00	22.00	21.00	26.00	33.00
Net Profit	32.00	20.00	19.00	12.00	8.00	8.00	7.00	5.00	5.00
EPS in Rs	4.48	3.40	19.81	12.15	8.62	8.02	6.95	5.22	5.20
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Equity Capital	36.00	29.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Reserves	192.00	84.00	84.00	64.00	53.00	44.00	37.00	30.00	25.00
Borrowings	92.00	61.00	50.00	42.00	43.00	28.00	23.00	24.00	30.00
Other Liabilities	44.00	41.00	30.00	19.00	25.00	42.00	40.00	40.00	27.00
Total Liabilities	364.00	215.00	174.00	136.00	130.00	124.00	109.00	104.00	92.00
Fixed Assets	83.00	24.00	27.00	13.00	30.00	32.00	20.00	37.00	28.00
CWIP	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	5.00	5.00	15.00	1.00	3.00	18.00	1.00	12.00
Other Assets	281.00	186.00	142.00	107.00	99.00	89.00	71.00	65.00	52.00
Total Assets	364.00	215.00	174.00	136.00	130.00	124.00	109.00	104.00	92.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Cash from Operating Activity	-63.00	-11.00	3.00	4.00	4.00	-4.00	0.00
Cash from Investing Activity	-45.00	6.00	4.00	0.00	-2.00	-2.00	2.00
Cash from Financing Activity	107.00	4.00	0.00	-5.00	0.00	7.00	-3.00
Net Cash Flow	-1.00	-1.00	7.00	0.00	3.00	1.00	-1.00
Free Cash Flow	-105.00	-6.00	2.00	3.00	4.00	-6.00	-1.00
CFO/OP %	-222.00	-20.00	33.00	42.00	26.00	-13.00	15.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Debtor Days	38.00	35.00	24.00	30.00	20.00	31.00	69.00	91.00	8.00
Inventory Days	—	—	—	—	—	122.00	148.00	123.00	188.00
Days Payable	—	—	—	—	—	51.00	53.00	60.00	76.00
Cash Conversion Cycle	38.00	35.00	24.00	30.00	20.00	102.00	165.00	154.00	120.00
Working Capital Days	65.00	46.00	31.00	48.00	55.00	88.00	117.00	12.00	97.00
ROCE %	20.00	15.00	25.00	18.00	17.00	19.00	18.00	16.00	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025
Promoters	70.04	70.04	70.04	70.04
FIIs	0.00	0.01	0.04	0.00
DIIs	0.40	0.40	0.66	2.01
Public	29.56	29.56	29.25	27.94
No. of Shareholders	58,170	60,459	63,010	65,400

Corporate Actions

No corporate actions recorded.

Announcements

5 filings

Announcement Under Regulation 30 (LODR) - Letter To Shareholders
25 Aug 2026 25 Aug - 21st AGM on 24 September 2026 via VC/OAVM; annual report web-link shared with shareholders.
Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Aug 2026 25 Aug - Newspaper Publication regarding Notice of the 21st Annual General Meeting.
Notice Of 21St Annual General Meeting For The Financial Year 2025-26. 24 Aug
24 Aug 2026
Reg. 34 (1) Annual Report. 24 Aug
24 Aug 2026
Intimation Regarding 21St Annual General Meeting
22 Aug 2026 22 Aug - 21st AGM scheduled for 24 September 2026 at 3:00 p.m. via VC/OAVM.

Shareholding Pattern

Open on BSE

Shareholding Pattern (BSE filings)

Financial Results — Filings

Open on BSE

Financial / Quarterly Results (BSE filings)

Board Filings

Open on BSE

Corporate Announcements & Board Filings (BSE)

Credit Ratings

Rating update
18 Aug from crisil
Rating update
27 Jul from infomerics
Rating update
8 Jul from crisil
Rating update
26 Jun from crisil
Rating update
5 Jun 2025 from crisil
Rating update
28 Aug 2024 from crisil

Conference Calls

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