HEC Infra Projects logo

HEC Infra Projects

HECPROJECT NSE

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹131 Cr
Volatility
Moderate
P/E Ratio
10.23
EBITDA
₹20.15 Cr
Return on Equity
17.4%
Debt to Equity
0.67
Book Value
₹60.65
52W High
₹160.5
52W Low
₹92.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 110% CAGR over last 5 years
  • Debtor days have improved from 94.9 to 55.4 days.
  • Company's working capital requirements have reduced from 92.2 days to 40.4 days

Weaknesses

1
  • Though the company is reporting repeated profits, it is not paying out dividend

Growth Rate

Revenue Growth
55.91% higher than 3Y
Net Income Growth
37.5% lower than 3Y
Cash Flow Change
-472% higher than 3Y
ROE
28.6% higher than 3Y
ROCE
95.83% lower than 3Y
EBITDA Margin (Avg.)
-14.57% lower than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
13.26
15.27
17.09
28.18
18.02
20.04
27.54
46.5
27.91
40.5
57.35
50.73
31.12
Expenses
12.45
13.95
15.76
26.4
16.8
18.86
24.91
38.79
25.31
36.96
52.44
41.63
28.39
Operating Profit
0.81
1.32
1.33
1.78
1.22
1.18
2.63
7.71
2.6
3.54
4.91
9.1
2.73
OPM %
6.11%
8.64%
7.78%
6.32%
6.77%
5.89%
9.55%
16.58%
9.32%
8.74%
8.56%
17.94%
8.77%
Other Income
0.09
0.08
3.01
0.18
0.23
0.7
0.25
1.01
0.01
0.32
0.42
0.79
0.29
Interest
0.58
0.7
0.51
0.03
0.25
0.7
0.87
1.26
0.73
0.88
1.4
0.93
1.42
Depreciation
0.06
0.06
0.05
0
0.1
0.1
0.09
-0.1
0.14
-0.07
0.04
0.04
0.04
PBT
0.26
0.64
3.78
1.93
1.1
1.08
1.92
7.56
1.74
3.05
3.89
8.92
1.56
Tax %
26.92%
0%
0%
86.53%
22.73%
-13.89%
25.52%
24.87%
23.56%
26.56%
24.94%
31.61%
12.82%
Net Profit
0.2
0.64
3.78
0.26
0.84
1.23
1.43
5.67
1.33
2.23
2.92
6.1
1.37
EPS in Rs
0.2
0.63
3.73
0.26
0.83
1.21
1.41
5.23
1.23
2.06
2.69
5.63
1.26
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
125
116
83
82
80
39
38
44
52
74
112
176
180
Expenses
119
109
76
74
74
36
35
41
48
68
98
156
159
Operating Profit
6
7
8
8
6
3
2
3
3
5
14
20
20
OPM %
5%
6%
9%
10%
7%
8%
6%
6%
6%
7%
12%
11%
11%
Other Income
1
1
1
1
1
1
1
1
1
3
1
2
2
Interest
3
3
3
4
4
3
3
3
3
2
3
4
5
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
4
4
5
5
3
1
0
1
1
7
12
18
17
Tax %
33%
35%
35%
32%
26%
28%
-94%
9%
34%
29%
21%
28%
—
Net Profit
2
3
3
3
2
1
0
1
1
5
9
13
13
EPS in Rs
3.34
2.52
3.13
3.31
1.93
0.53
0.31
0.5
0.78
4.66
8.53
11.63
11.64
Div. Payout %
6%
8%
6%
6%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1
2
2
2
2
2
2
10
10
10
11
11
Reserves
11
18
21
24
26
26
27
19
20
25
42
55
Borrowings
24
17
23
26
29
31
31
35
31
30
38
44
Other Liabilities
43
29
26
40
35
26
24
17
23
14
15
25
Total Liabilities
80
66
72
92
91
86
84
82
85
79
106
135
Fixed Assets
3
3
3
2
2
2
2
2
2
1
1
1
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
1
0
0
0
0
0
0
0
0
0
0
0
Other Assets
76
63
69
90
89
83
82
80
83
78
105
134
Total Assets
80
66
72
92
91
86
84
82
85
79
106
135
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
6
-2
11
-2
-4
-5
2
-4
7
7
-26
3
Investing
0
0
0
0
0
0
0
0
0
4
0
-5
Financing
-5
2
-8
2
3
4
-1
2
-7
-2
17
3
Net Cash Flow
1
0
3
0
-1
-1
0
-1
0
9
-9
0
Free Cash Flow
6
-2
11
-2
-4
-5
1
-4
7
10
-26
3
CFO/OP
94
-5
163
-2
-60
-138
64
-133
221
169
-169
30
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
77
96
146
217
141
262
296
243
226
74
155
55
Inventory Days
79
23
22
48
68
299
229
231
247
103
78
102
Days Payable
166
119
177
265
248
485
372
255
362
99
93
39
Cash Conversion Cycle
-10
0
-10
0
-40
76
153
219
111
79
139
118
Working Capital Days
11
33
24
61
112
305
357
361
306
192
44
40
ROCE %
18%
19%
19%
17%
12%
6%
5%
5%
7%
8%
19%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Promot.74.93%Others3.72%Public21.35%As ofJun 2026

Documents

Frequently Asked Questions about HEC Infra Projects

What does HEC Infra Projects Ltd do?
HEC Infra Projects Ltd is an Ahmedabad- based, asset-light EPC contractor providing design, engineering, procurement, installation, testing, commissioning and O&M for the transmission /substations/cabling, water pumping, solar, lighting and ELV systems. Capabilities include projects up to 220-kV ...
Where is HEC Infra Projects Ltd (HECPROJECT) listed?
HEC Infra Projects Ltd trades as HECPROJECT on the NSE.
Which sector does HEC Infra Projects Ltd belong to?
HEC Infra Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of HEC Infra Projects Ltd?
HEC Infra Projects Ltd has a market capitalisation of ₹131.14 Cr, which places it in the Small Cap band.
What is the PE ratio of HEC Infra Projects Ltd?
HEC Infra Projects Ltd trades at a PE ratio of 10.23, against a book value of ₹60.65 per share.
What is the 52-week high and low of HEC Infra Projects Ltd?
Over the last 52 weeks HEC Infra Projects Ltd has traded between ₹92.1 and ₹160.5.
What is the Return on Equity (ROE) of HEC Infra Projects Ltd?
HEC Infra Projects Ltd reported a return on equity of 17.40%. Its debt-to-equity ratio is 0.67.

Company Information

HEC Infra Projects Ltd is an Ahmedabad- based, asset-light EPC contractor providing design, engineering, procurement, installation, testing, commissioning and O&M for the transmission /substations/cabling, water pumping, solar, lighting and ELV systems. Capabilities include projects up to 220-kV switchyards/transmission lines, 66-kV underground cabling, AIS substations, SCADA and associated civil & instrumentation works. [1]

Website hecprojects.in
CEO Mr. Gaurang Parmananddas Shah
Employees 45
Listed 2021-12-30
Face Value ₹ 10
Issued Size 1,08,38,160

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