HEC Infra Projects Limited HECPROJECT NSEINFRA
HEC Infra Projects Limited operates as an engineering, procurement, and construction (EPC) contractor for electro-mechanical and instrumentation projects in India. The company offers services for transmission and substation projects, water management systems, smart lighting systems, public address systems, solar rooftops and power plants, building management systems, and air conditioning systems, as well as fire, security, and nurse calling systems; and electrification services. It serves the engineering and allied industries; textile, glass, and cement industries; chemical, pharmaceutical, and food products; steel and non-ferrous industries; petrochemical, refineries, and gas and oil sectors; commercial projects; dairy and allied industries; paint industry; hospitals; airports; real-estate developments; and utilities. HEC Infra Projects Limited was incorporated in 2005 and is based in Ahmedabad, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 21.2%.
- Healthy ROCE of 24.7%.
- Compounding revenue at 36.9% over 5 years.
- Profit CAGR of 161.9% over 5 years.
CONS
- Trading 31.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HECPROJECT HEC Infra Projects Limited NSEINFRA | 125.51 | 10.89 | ₹136.03 Cr | - | 24.69% | 21.20% | 36.86% | 161.91% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | - | 27.54 Cr | 46.50 Cr | 27.91 Cr | 40.50 Cr | 57.35 Cr |
| Cost of Revenue | - | 9.47 Cr | 12.81 Cr | 8.62 Cr | 27.80 Cr | 35.98 Cr |
| Gross Profit | - | 18.07 Cr | 33.69 Cr | 19.28 Cr | 12.70 Cr | 21.37 Cr |
| Operating Expenses | - | 15.53 Cr | 22.45 Cr | 16.82 Cr | 9.10 Cr | 16.51 Cr |
| Operating Income | - | 2.54 Cr | 11.25 Cr | 2.46 Cr | 3.60 Cr | 4.86 Cr |
| EBITDA | - | 2.88 Cr | 7.28 Cr | 2.61 Cr | 3.93 Cr | 5.32 Cr |
| Interest Expense | - | 87.17 L | -27.64 L | 72.60 L | 88.10 L | 1.40 Cr |
| Pretax Income | - | 1.92 Cr | 7.56 Cr | 1.74 Cr | 3.05 Cr | 3.88 Cr |
| Tax Provision | - | 48.87 L | 1.88 Cr | 41.09 L | 81.50 L | 96.58 L |
| Net Income | - | 1.43 Cr | 5.67 Cr | 1.33 Cr | 2.23 Cr | 2.92 Cr |
| Diluted EPS | 1.21 | 1.41 | - | 1.23 | 2.06 | 2.69 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Revenue | 43.72 Cr | 51.73 Cr | 73.79 Cr | 112.10 Cr |
| Cost of Revenue | 24.65 Cr | 23.36 Cr | 35.72 Cr | 45.85 Cr |
| Gross Profit | 19.08 Cr | 28.38 Cr | 38.07 Cr | 66.24 Cr |
| Operating Expenses | 16.67 Cr | 25.29 Cr | 32.59 Cr | 50.22 Cr |
| Operating Income | 2.40 Cr | 3.09 Cr | 5.48 Cr | 16.02 Cr |
| EBITDA | 1.81 Cr | 2.26 Cr | 7.60 Cr | 13.38 Cr |
| Interest Expense | 1.02 Cr | 83.42 L | 81.79 L | 1.54 Cr |
| Pretax Income | 55.78 L | 1.20 Cr | 6.62 Cr | 11.70 Cr |
| Tax Provision | 4.33 L | 41.47 L | 1.90 Cr | 2.46 Cr |
| Net Income | 51.45 L | 78.83 L | 4.72 Cr | 9.24 Cr |
| Diluted EPS | 0.51 | 0.78 | 4.65 | 9.08 |
Compounded Sales Growth
| 5 Years: | 36.86% |
| 1 Year: | 10.80% |
Compounded Profit Growth
| 5 Years: | 161.91% |
| 1 Year: | 0.90% |
Stock Price Performance
| 1 Year: | -10.27% |
| 6 Months: | -5.60% |
| 3 Months: | +8.07% |
| 1 Month: | -7.00% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Total Assets | 81.90 Cr | 84.80 Cr | 79.00 Cr | 106.16 Cr |
| Current Assets | 76.02 Cr | 79.39 Cr | 69.63 Cr | 68.19 Cr |
| Cash & Equivalents | 7.60 L | 6.91 L | 1.43 Cr | 22.48 L |
| Inventory | 15.58 Cr | 15.79 Cr | 10.10 Cr | 9.75 Cr |
| Receivables | 29.05 Cr | 31.99 Cr | 15.04 Cr | 48.04 Cr |
| Total Liabilities | 52.53 Cr | 54.65 Cr | 44.13 Cr | 53.02 Cr |
| Current Liabilities | 30.07 Cr | 33.18 Cr | 19.36 Cr | 52.53 Cr |
| Long Term Debt | 22.26 Cr | 21.26 Cr | 24.62 Cr | 32.10 L |
| Total Debt | 35.13 Cr | 31.30 Cr | 30.21 Cr | 37.89 Cr |
| Total Equity | 29.37 Cr | 30.14 Cr | 34.86 Cr | 53.14 Cr |
| Shares Outstanding | 1.01 Cr | 1.01 Cr | 1.01 Cr | 1.08 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -3.56 Cr | 6.91 Cr | 6.99 Cr | -26.00 Cr |
| Investing Cash Flow | 25.80 L | 19.68 L | 3.60 Cr | 1.78 L |
| Financing Cash Flow | 1.95 Cr | -6.88 Cr | -2.04 Cr | 16.53 Cr |
| Capital Expenditure | -8.46 L | -12.58 L | -92,000 | - |
| Free Cash Flow | -3.64 Cr | 6.78 Cr | 6.98 Cr | -26.00 Cr |
| Net Change in Cash | -1.35 Cr | 22.06 L | 8.55 Cr | -9.46 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Gross Margin % | 43.6% | 54.9% | 51.6% | 59.1% |
| Operating Margin % | 5.5% | 6.0% | 7.4% | 14.3% |
| Net Margin % | 1.2% | 1.5% | 6.4% | 8.2% |
| ROE % | 1.8% | 2.6% | 13.5% | 17.4% |
| ROCE % | 4.6% | 6.0% | 9.2% | 29.9% |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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