HI-FAB ENGINEERS PVT LTD: Government Tender Performance Analysis

Executive Summary:

HI-FAB ENGINEERS PVT LTD has actively participated in the Indian government procurement landscape, engaging in 63 government tenders between FY2021-22 and FY2024-25. Their key performance metrics include a win rate of 17.5% across all bids and a qualification rate of 57.1%. They have successfully secured 11 L1 positions, demonstrating a strategic approach to pricing and competitiveness. Between FY2021-22 and FY2024-25, HI-FAB has secured government contracts worth ₹4,25,03,262.0, highlighting their ability to convert bids into secured projects. TenderAI's financial health assessment indicates a 'Critical' status with a score of 34.8/100, based on win rate, contract value, bid efficiency, growth, and consistency components. HI-FAB demonstrates particular strength in technical qualification, achieving a 57.1% qualification rate, underscoring their ability to meet stringent tender requirements. Their market positioning is characterized by a balanced approach to price and quality, making them a viable contender in competitive bidding scenarios.

HI-FAB shows a focused engagement with specific ministries and departments, particularly the Department of Atomic Energy, Department of Fertilizers, and Department of Defence Production. These departments represent key areas where HI-FAB has demonstrated expertise and established a consistent presence. The PMO is also a primary ministry for HI-FAB.

Financial Performance Analysis

HI-FAB's yearly financial performance in government tenders reveals both successes and areas for improvement. A comparison of key financial years is presented below: