Highway Infrastructure Ltd (HIL) is a rapidly expanding infrastructure company in India, which is reputed to have smart tollway management, massive EPC projects and property development. Since the company was founded in 2006, it has established a solid presence in 11 states and a Union Territory and transformed a faster and contactless traveling experience through advanced RFID and ANPRtechnologies. In this article we will discuss Highway Infrastructure Ltd Share details & more
Highway Infrastructure Ltd: Company Overview
| Particulars | Details |
| Name | Highway Infrastructure Ltd |
| Incorporated | 2006 |
| Industry | Tollway Collection, EPC Infra Projects, Real Estate |
| Headquarters | India |
| Market Cap | ₹530 Crore |
| Current Share Price (as of Nov 6, 2025) | ₹74.0 |
| 52-Week High / Low | ₹135 / ₹73.6 |
| Stock P/E | 18.5 |
| Book Value | ₹29.3 |
| ROCE (Return on Capital Employed) | 19.6% |
| ROE (Return on Equity) | 18.8% |
| Face Value | ₹5.00 |
| Dividend Yield | 0.00% |
Highway infrastructure Ltd (HIL) is an Indian infrastructure development firm that boasts of a rich toll collection portfolio, EPC infrastructural projects as well as real estate. The company was incorporated in 2006 and has spread in 11 states and one Union Territory in which it manages major national expressways like the Delhi-Meerut Expressway.
HIL is developing a brand of efficient, contactless and transparent toll operation with the help of the latest technologies such as RFID tags and Automatic Number Plate Recognition (ANPR) system. On November 6, 2025, Highway Infrastructure Ltd share prices ended at 74.0, registering a decline of -4.25 per cent. We will take a closer look at its financial performance, growth prospects and investment potential.
Highway Infrastructure Ltd Company officials
- Arun Kumar Jain- Managing Director or Promoter; a person with more than 31 years in the field of infrastructure; a diploma in Textile Technology.
- Anoop Agrawal -Whole-Time Director CFO; over 22 years of experience in project and financial management; with HIL since 2006.
- Riddharth Jain – Executive Director and CEO; an architect by profession; spurred strategic growth and innovation.
- Ritika Agrawal -Independent Director; Chartered Accountant; financial oversight.
- Om Prakash Shrivastava- Independent Director; retired Senior Accounts Officer; knowledge in public accounting.
- Ujjwal Kumar Ghosh -Independent Director; Civil Engineer; served as SuperintendentEngineer with MP Power Distribution.
- Palak Rathore- Company Secretary and Compliance Officer; ICSI member; takes care of legal and compliance issues.
- Saurabh Mittal-Joint CFO; Chartered Accountant having 16 years of financial experience.
Highway Infrastructure Ltd Business Model
HIL has the following primary components;
- Tollway Collection: HIL has been dealing with the tolls on the national and state highways with electronic toll systems with the RFID and ANPR systems. This guarantees error-free and quick toll collection and management of traffic.
- Projects on EPC Infrastructure: The firm preserves huge government and private clients by using EPC Engineering, Procurement, and Construction projects.
- Real Estate Development: HIL is also involved in a few real estate projects besides infrastructure, which makes it have diversified sources of income.
Highway Infrastructure Share Price & Recent Trends
HIL was an active company following its IPO of 2025. Spectacular premium was paid to the stock in the markets as the stock was launched with investor confidence in the development of infrastructure in India. It was however later to go into a correction phase with investors recording profits and awaiting additional results.
| Parameter | Details |
| IPO Issue Price | ₹65 – ₹70 |
| Listing Price (NSE/BSE) | Around ₹115 – ₹117 |
| Current Market Price (Nov 2025) | ₹74 – ₹77 |
| 52-Week High | ₹131.40 |
| 52-Week Low | ₹75.50 |
| Market Capitalization | ₹530 Crore |
| Stock P/E Ratio | 18.5 |
| Book Value | ₹29.3 |
| ROCE (Return on Capital Employed) | 19.6% |
| ROE (Return on Equity) | 18.8% |
Highway Infrastructure Share Price Performance in Quarter (FY 2025)
The last one-year trend shows how the share has moved through phases of high optimism, correction, and consolidation.
| Quarter (FY 2025) | Average Price (₹) | Trend | Key Events |
| Q1 2025 (Apr–Jun) | 115 – 125 | Bullish | Strong IPO debut and high investor enthusiasm |
| Q2 2025 (Jul–Sep) | 90 – 110 | Volatile | Post-listing correction and profit booking |
| Q3 2025 (Oct–Dec) | 75 – 85 | Consolidation | Price stability as investors wait for earnings updates |
| Q4 2025 (Jan–Mar) | 80 – 90 (Estimated) | Mild Recovery | Expected improvement with new project announcements |
Highway Infrastructure Share Price Performance and Prediction (2025–2030)
Highway Infrastructure Ltd has proven to be volatile as well as capable of growth in its stock. The gradual appreciation in the coming 2030 is anticipated by analysts, considering continuous gains with a growing project portfolio.
| Year | Estimated Price Range (₹) | Expected Trend |
| 2025 (Current) | 74 | Consolidation Phase |
| 2026 | 90 – 110 | Moderate Recovery |
| 2027 | 120 – 140 | Growth from New Contracts |
| 2028 | 145 – 160 | Stable Expansion |
| 2029 | 165 – 190 | Higher Infra Demand |
| 2030 | 200 – 230 | Strong Long-Term Upside |
Highway Infrastructure Ltd Share Profit & Loss Statement (2018–2025)
| Year | Sales (₹ Cr.) | Net Profit (₹ Cr.) | OPM % | EPS (₹) |
| 2018 | 95 | 5 | 16% | 5.20 |
| 2019 | 98 | 5 | 13% | 5.22 |
| 2020 | 100 | 7 | 13% | 6.95 |
| 2021 | 147 | 8 | 10% | 8.02 |
| 2022 | 292 | 8 | 6% | 8.62 |
| 2023 | 266 | 12 | 7% | 12.15 |
| 2024 | 401 | 19 | 7% | 19.81 |
| 2025 | 418 | 20 | 5% | 3.40 |
Highway Infrastructure Ltd Share Balance Sheet Overview (2018–2025)
| Year | Total Liabilities (₹ Cr.) | Borrowings (₹ Cr.) | Reserves (₹ Cr.) | Fixed Assets (₹ Cr.) | Total Assets (₹ Cr.) |
| 2018 | 92 | 30 | 25 | 28 | 92 |
| 2019 | 104 | 24 | 30 | 37 | 104 |
| 2020 | 109 | 23 | 37 | 20 | 109 |
| 2021 | 124 | 28 | 44 | 32 | 124 |
| 2022 | 130 | 43 | 53 | 30 | 130 |
| 2023 | 136 | 42 | 64 | 13 | 136 |
| 2024 | 174 | 50 | 84 | 27 | 174 |
| 2025 | 215 | 61 | 84 | 24 | 215 |
| Sep 2025 | 293 | 45 | 174 | 58 | 293 |
Cash Flow Statement
| Year | Operating Cash (₹ Cr.) | Investing Cash (₹ Cr.) | Financing Cash (₹ Cr.) | Net Cash Flow (₹ Cr.) |
| 2020 | -0 | 2 | -3 | -1 |
| 2021 | -4 | -2 | 7 | 1 |
| 2022 | 4 | -2 | -0 | 3 |
| 2023 | 4 | -0 | -5 | -0 |
| 2024 | 3 | 4 | 0 | 7 |
| 2025 | -11 | 6 | 4 | -1 |
Highway Infrastructure Share Key Financial Ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Debtor Days | 91 | 69 | 31 | 20 | 30 | 24 | 35 |
| Working Capital Days | 12 | 117 | 88 | 55 | 48 | 31 | 46 |
| ROCE % | 16% | 18% | 19% | 17% | 18% | 25% | 20% |
Highway Infrastructure Ltd Share Shareholding Pattern (September 2025)
| Category | Shareholding % |
| Promoters | 70.04% |
| DIIs (Domestic Institutional Investors) | 2.01% |
| Public | 27.94% |
| Total Shareholders | 65,400 |
Insight:
High promoter holding (70%) shows strong management confidence in the company’s future.
Highway Infrastructure Share Price Peer Comparison
| Company | CMP (₹) | P/E | Market Cap (₹ Cr.) | Dividend Yield % | ROCE % |
| National Highways | 142.00 | 72.61 | 27,503 | 2.77 | 3.38 |
| Cube Highways | 135.47 | 587.55 | 18,208 | 4.50 | 3.91 |
| Vertis Infra | 108.00 | 33.00 | 16,308 | 0.00 | 9.51 |
| Indus Infra Trust | 121.87 | 10.99 | 5,398 | 2.67 | 9.32 |
| IRB InvIT Fund | 61.50 | 11.55 | 4,059 | 13.00 | 9.22 |
| Roadstar Infra | 60.00 | 469.08 | 2,733 | 14.83 | 4.83 |
| BF Utilities | 683.30 | 525.17 | 2,573 | 0.00 | 12.80 |
| Highway Infra Ltd | 73.95 | 18.46 | 530.37 | 0.00 | 19.59 |
Highway Infrastructure Ltd Investor Details
- Promoter Confidence: The long-term trust is reflected in the 70% holding.
- Public Participation: Retail interest is on the rise because of the continuous rise in profits.
- Institutional Presence: DIIs are commencing to invest which indicates an increase in credibility.
Pros and Cons
Pros
- It has had a strong growth of 23.7 his CAGR in profits
- New sophisticated toll collection systems are efficient
- Raise infrastructure presence in various states
- Profitability as indicated by consistent ROE and ROCE of over 18
Cons
- There is no dividend payout since earnings are plowed back into the ground
- Relying on government contracts and traffic levels
- Varying quarterly margins with fluctuations in projects.
Tips for Investors
- For Long-Term Investors: The infrastructure sector is a good long-term investment in HIL given that India is developing more highways and its fundamentals are strong.
- For Short-Term Traders: Wait until the stabilization is around ₹70 and then enter. Expect improved earnings in next few quarters.
- Diversification Advice: Use HIL as a balanced infrastructure or mid-cap portfolio.
- Target Price (2030): 200-230 range depending upon the projected growth in earnings.
Conclusion
Highway Infrastructure Ltd is an up-and-coming trusted middle-range infrastructure player that has a solid growth outlook, technology in managing the toll, and a robust financial foundation. Highway Infrastructure Ltd can be a good addition to a long-term portfolio of investors who want to enjoy long-term growth in the infrastructure sector.
FAQs:
Highway Infrastructure Ltd is occupied with the toll collection, EPC infrastructure and real estate development in various states of India.
HIL was incorporated in 2006 and has ever since expanded to become a force in the road and highway industry.
It has 23.7 percent CAGR of profit growth, RFID and ANPR technology in the tolls, and projects in 11 states and one Union Territory.
No, the company does not pay dividends at the moment but invests the profit into the development of the projects and expansion.
Investors take the stock with reserved optimism where revenues of the stock in the long-term in the infrastructure are appreciated regardless of the short-term market volatility.
