Hindustan Construction

Company Ltd (HCC)

(Compiled By Team Letsgrow purely
for Education Purpose. We tried our Best
and still a Learner and always be a
Learner.If you have any Value added
Information about this Company to be
added then pls do share with us)

1. LCP-16.90(06-01-2022)
2. 52WH-18.80
3. 52WL-6.79(08-12-2020)
4. EPS-3.93, PE-4.43, IPE-56.42, BV-
(-)8.08, No of shares-151.30 er,
FV-1, Market Cap-2635 Cr,
ROCE-2.12%
5. Shareholding-Promoter-34.71%, FIi
Holding-11.43%, D11
Holding-16.44%, Nll-37.41%.
6. Results Q2FY22- Sale 2787 Cr Vs
2453 Cr in June21 and 1810 Cr in
SeQt 2 0 . PAT of 139.23 Cr Vs 154.89
 Cr in June21 and Loss of (557) Cr In
SeQt 20. Finance Cost in Q2FY22
was 259 Cr. Delay in RP
implementation has resulted in the
accrual of higher interest cost
during the quarter. The Company is
simultaneously focusing on
securing new orders for business
growth to capitalise on tremendous
opportunities in the infrastructure
space and expects the pace of
order acquisition to pick up further
post RP closure.
7. Ke Balance sheet Figures
Q2FY22 - Cash & Cash Equivalent
of 909 Cr, Bank Balance of 1067 Cr,
Unbilled Work in Progress (Contract
Assets)- 3797 Cr. Non Current
Assets and Assets of a disposed
group held for Sale- 2842 Cr.
8. Orders In Hand- As on 30th Sept
2021 was 16632 Cr. On 16-11-2021
HCC in consortium with KEC Intl
 has been awarded Rs 1,309 er
contract by Chennai Metro Rail.
HCC's share in the JV is 51% (i.e.
Rs 668 er)
9. Debts Of ComQany_: Total Debt 0/
S is 9692 Cr and out of which 4056
Cr is Fund Based.

Big Growth Trig_ger-Debt carve-out

resolution plan with lenders is in final
stages of implementation.
1. Resolution Plan implementation
expected during Q3 FY22.
2. Carve out of beneficial interest in
.§Qecified awards and claims UQto
Rs. 9,200 Cr along with assigned
debt upto Rs. 4,000 Cr fund-based
exposure (TL + Cash Credit +
Overdues) into an investor
controlled SPV; Cover of -2.2-2.3x
of debt. Carved-out debt (''SPV
Debt'') restructured, payable Sept
2026 onwards (12% YTM). To Pav
 Debt - 10% in FY26, 15% in FY27,
20% in FY28, 25% in FY29, 30% in
FY30.
3. HCC OCD debt restructured with
final maturity in FY29; no
requirement of debt service (incl
int) till Mar 23. To Pay Debt - 10% in
FY23, 10% in FY24, 15% in FY25,
15% in FY26, 15% in FY27, 15% in
FY28, 20% in FY29
4. HCC Lavasa debt restructured
with final maturit in FY31; no
requirement of debt service (incl
int) till Mar 23. Lavasa a first
private city developed on 20000
Acre is owned by HCC 68.7%,
Avantha Group-17.18%. The total
loans of lender are approx 7700 Cr.
5. Complete support for HCC RP
among Lenders (100% ICA
commitment)
6. HCC shareholders' approval
received
 HCC
HCC Debt Resolution Plan - Snapshot

Awards & Claims 10,98JA 7 , 845 3 ,138

Aw a rds 3,456 3,015 441
Claims , 7 527 4,830 , 2 697
Total fund based debt' 6,613 3,500 3,113
Term Loan 778 778
Cash Credit 1,919 1,919

Overdues and others 803 803

OCO with Yield 2.123 2,123
LCL with yield 990 990
Total non fund based debt 5,812 • 5,812
Ex.,.. • .A ol -lN R 1.ret Cn:wNIIIWIol-lNR 1,2»CftitNJll'OIXM!dlot
• a.or ,,.,.,.,,d 3600 CrtoSPV

HCC Concessions (SubsidiarY.).

Ongoing Projects- HCC Concessions
Limited, a step-down subsidiary of HCC
through wholly owned subsidiary HCC
Infrastructure Company Limited abd
holds 85.45% stake.
1. BaharamQore-Farakka (NH34
Pkg 3)_;-Revenue of Rs. 26 Cr in Q2
FY22 vs Rs. 41 Cr in Q2 FY21; Q2
FY22 significantly impacted by
second wave of COVID
2. Raiganj-Dalkhola (NH34 Pkg 5):
Prematurely terminated in 2017 due
to land acquisition delays, SPV has
received an arbitration award of Rs.
 567 Cr (including interest of Rs. 199
Cr) in Oct'21
3. Xander GrouR comRleted exit
from HCC Concessions; HCC
Group now holds 100% stake
4. HCC Infrastructure Groug of
companies repaid their debt,
except SPV project finance debt

HCC Subsidiar -Steiner AG

1. Steiner AG, Headquartered in
Zurich, is a leading Real Estate
Developer and Total Services
Contractor in the Swiss real estate
market. Specializes in turnkey
development of new buildings and
renovation of existing properties
2. Closing order backlog as of Sep
30, 2021: CHF 1.2 billion (Rs. 9,439
Cr)
3. Order intake during Q2 FY22 was
CHF 58 million (Rs. 456 Cr) as
aqainst CHF 155 million (Rs. 1,231
 Cr) in Q2 FY21; company has
further secured orders worth CHF
50 million (Rs. 393 Cr) where
contracts are yet to be signed

''
*Team Letsgrow*
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