Loading…
← CockpitCompetitor Analysis › HCC.NS Hindustan Construction Co. Ltd.Open in the cockpit ↗

Hindustan Construction Co. Ltd.HCC.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Engineering & Construction
Momentum laggard 13
Mkt cap
$500M
US dollars, full cap
Free float
80%
of shares outstanding
$/day
$3.12M
20-day average traded
Fwd P/E
15.0×
forward earnings
ROIC−WACC
-0.5 pp
WACC 17.0%
Hurdle
n/a
no reverse DCF
Next earnings
97 days
11 Feb 2027
Close · INR₹18.04
1D-4.3%
1W+5.2%
1M-8.9%
3M-16.3%
6M-25.9%
YTD-4.8%
1Y-25.9%
ATR %4.6%
Beta1.71
52w lowhigh36.7% off high

What Hindustan Construction does

Employees: 7,927

Hindustan Construction at a glance

Size Hindustan Construction (HCC.NS) is an India Industrials company (Engineering & Construction) with a market value of $500M, the 840th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹18.04 on 6 Nov 2026.

Performance Over six months the shares fell 25.9%, against -19.1% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 20.6% over the last twelve months (peer median -3.6%); the operating margin is 12.1% (peer median 3.4%).

Valuation It trades at 15.0× forward earnings against a peer median of 13.9× (3rd most expensive of 7).

Capital Return on invested capital runs 0.5 points below its cost of capital (17.0% WACC).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 81HCC.NS 77
Six months, rebased to 100: Hindustan Construction against the median of its 20 peers (local-currency closes).

Hindustan Construction financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹38.7B₹36.6B₹54.3B₹66.6B₹77.1B
Revenue growth—-33%-18%-14%—
Gross profit₹10.2B₹6.68B₹8.83B₹6.32B₹3.08B
EBITDA₹4.90B₹3.60B₹6.51B₹3.85B₹385M
Net income₹1.66B₹1.66B₹1.13B₹4.78B-₹278M
Free cash flown/a-₹377M-₹3.17B-₹3.75B-₹5.60B
Capital expendituren/a₹813M₹178M₹186M₹2.14B
Total debtn/a₹10.2B₹16.8B₹22.2B₹55.1B

Quarterly statements and history in the cockpit →

Hindustan Construction competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%30002169030021783703MORLDPRAJIND189925430025511882BBCP1976002586002037002628603322EBROM600853603843LYLHCC.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Hindustan Construction is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%10×20×30×3000216903MORLDPRAJINDBBCPLYLHCC.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hindustan Construction is the large dot.

Hindustan Construction competitors and peer comparison

How Hindustan Construction compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hindustan Construction against its 20 peers (data as of 6 Nov 2026)
MeasureHCC.NSPeer medianRank in peer set
1-month return-8.9%-8.6%11th highest of 21
6-month return-25.9%-19.1%8th lowest of 21
Distance from 52-week high-36.7%-32.7%9th lowest of 21
Revenue growth (TTM)-20.6%-3.6%5th lowest of 21
Operating margin12.1%3.4%4th highest of 21
Forward P/E15.0×13.9×3rd most expensive of 7
ROIC minus cost of capital-0.5 pp-2.2 pp8th highest of 21
EV / EBITDA9.6×7.6×3rd most expensive of 10
Net debt / EBITDA0.9×-1.5×6th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hindustan Construction HCC.NSIndia$500M-26%-21%12%15.0×n/an/a
Dayu Irrigation 300021.SZChina$506M-26%-15%4%12.8×n/an/a
Jiu Han System Technology 6903.TWOTaiwan$494M-40%+196%27%6.7×-3.0%+11.0%
Shanghai Yanhua Smartech 002178.SZChina$492M-21%-22%-5%n/an/an/a
Continental 3703.TWTaiwan$509M0%+7%6%n/a0.0%+9.7%
Moreld MORLD.OLNorway$513M+34%-23%3%13.9×0.6%-23.1%
PRAJ Industries PRAJIND.NSIndia$486M-38%+2%2%35.5×49.1%+19.4%
Fukuda 1899.TJapan$483M+10%+6%6%n/a-19.9%-2.0%
Hwang Chang General Contractor 2543.TWTaiwan$480M-32%+31%14%n/an/an/a
Shenzhen Glory Medical 002551.SZChina$479M-17%-3%-17%n/an/an/a
TOA ROAD 1882.TJapan$479M-4%-4%5%n/a-8.4%+1.6%
Concrete Pumping BBCPUnited States$479M+20%+7%12%32.6×9.9%+5.2%
Meisei Industrial 1976.TJapan$478M-12%-5%13%n/a-9.6%+3.6%
Zhejiang Reclaim Construction 002586.SZChina$523M-36%-24%-3%n/an/an/a
Poly Union Chemical 002037.SZChina$477M-23%-11%-8%n/an/an/a
Chengdu Road & Bridge Engineering 002628.SZChina$472M-24%+1%-23%n/a24.8%-16.2%
Super Telecom 603322.SSChina$531M-31%-29%-3%n/a6.7%+9.5%
Ebro EV Motors EBROM.MCSpain$532M-2%+336%0%n/an/an/a
Longjian Road & Bridge 600853.SSChina$532M-12%-10%5%n/a5.9%+8.3%
Zhengping Road & Bridge Construction 603843.SSChina$469M-50%-15%-18%n/an/an/a
Lycopodium LYL.AXAustralia$536M+51%+12%12%13.9×-2.5%+18.8%

Questions

Which companies are Hindustan Construction's closest peers?
The cockpit's peer set: Dayu Irrigation (300021.SZ), Jiu Han System Technology (6903.TWO), Shanghai Yanhua Smartech (002178.SZ), Continental (3703.TW), Moreld (MORLD.OL), PRAJ Industries (PRAJIND.NS), Fukuda (1899.T), Hwang Chang General Contractor (2543.TW).
Is Hindustan Construction expensive compared with its peers?
On forward p/e it trades at 15.0× against a peer median of 13.9×, 3rd most expensive of 7 in its peer set.
How has Hindustan Construction stock performed?
Over six months to 6 Nov 2026 the shares returned -25.9% against -19.1% for the median peer; over one year -25.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.