HEC Infra Projects Limited share price
HEC Infra Projects Limited provides engineering, procurement, and construction for electro-mechanical projects in India. The company offers end-to-end services, such as design, supply, installation, and commissioning of overhead transmission lines, substations, underground cable lying, switchyard, water pumping stations, lighting systems, industrial and commercial electrification, solar PV plants, battery energy storage system, and mini/micro grid solar projects. It serves steel, chemical, cement, refineries, petrochemicals, gas and oil sector, textile, pharmaceuticals, power-generation plants, ports, commercial centers, banks, malls, multiplexes, call centers, software park, and SEZ indust…Read more
- Market Cap₹ 123 Cr.
- Current Price₹ 113.87
- High / Low₹ 161 / 92
- Stock P/E9.8
- Book Value₹ 61
- Dividend Yield0.00 %
- ROCE31.6 %
- ROE21.20 %
- Face Value₹ 10.0
More figures (10)
- EPS (TTM)₹ 11.64
- Price / Book1.88
- OPM11.3 %
- Debt / Equity0.68
- Sales growth (3Y)50.5 %
- Profit growth (3Y)151.9 %
- Promoter holding—
- EV / EBITDA7.5
- Beta0.40
- All-time high₹ 184
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| HECPROJECT | -0.51% | -5.68% | -19.73% | -6.70% | -15.51% | +28.38% | +22.10% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- HEC Infra Projects Limited is in the Engineering & Construction industry (Industrials), with a market value of ₹123 crore.
- It trades at 9.8 times its last 12 months' earnings and 1.9 times book value.
- Revenue grew 50.5% a year over the last 3 years, profit 151.9% a year.
- Return on equity was 21.2% and return on capital employed 31.6% in the latest year.
- Debt was 0.68 times shareholders' equity.
- The share price is 29.1% below its 52-week high and down 15.5% over one year.
Pros
AI- Strong return on equity: 18.9% on average over the last 3 years.
- Sales have grown 50.5% a year over the last 3 years.
- Profit has grown 151.9% a year over the last 3 years.
- Trades at 9.8 times earnings, below its 3-year median of 18.6.
- Promoters have raised their holding by 1.73 points over 3 years, to 74.93%.
Cons
AI- Institutional (FII + DII) holding has fallen by 8.5 points over 3 years.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About HEC Infra Projects Limited
HEC Infra Projects Limited provides engineering, procurement, and construction for electro-mechanical projects in India. The company offers end-to-end services, such as design, supply, installation, and commissioning of overhead transmission lines, substations, underground cable lying, switchyard, water pumping stations, lighting systems, industrial and commercial electrification, solar PV plants, battery energy storage system, and mini/micro grid solar projects. It serves steel, chemical, cement, refineries, petrochemicals, gas and oil sector, textile, pharmaceuticals, power-generation plants, ports, commercial centers, banks, malls, multiplexes, call centers, software park, and SEZ industries. HEC Infra Projects Limited was founded in 1986 and is based in Ahmedabad, India.
- Employees
- 77
- Head office
- Ahmedabad
Peer comparison
IndustrialsEngineering & Construction
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HEC Infra Projects | 113.87 | 9.8 | 123 | 0.00 | 1 | 2.71 | 31 | 11.50 | 31.6 | 21.2 | 1.88 | 11.3 | 0.68 | — | 176 | 50.5 |
| 2. | Larsen & Toubro | 3,627.10 | 30.1 | 4,99,040 | 1.05 | 4,988 | 15.51 | 67,942 | 6.69 | 14.6 | 15.5 | 4.57 | 9.5 | 1.15 | 14.83 | 2,85,874 | 16.1 |
| 3. | Rail Vikas Nigam | 199.45 | 46.3 | 41,586 | 0.87 | 159 | 18.46 | 4,321 | 10.55 | 11.0 | 9.0 | 4.23 | 3.6 | 0.49 | 72.84 | 20,412 | 0.2 |
| 4. | Kalpataru Projects International | 1,364.30 | 20.5 | 23,298 | 0.79 | 310 | 37.55 | 6,408 | -9.32 | 19.9 | 14.6 | 3.00 | 7.2 | 0.46 | 33.70 | 26,911 | 18.4 |
| 5. | Cemindia Projects | 1,197.70 | 34.2 | 20,575 | 0.25 | 141 | 24.23 | 2,721 | 7.45 | 37.1 | 28.2 | 8.57 | 8.5 | 0.42 | 72.42 | 10,061 | 25.5 |
| 6. | NBCC (India) | 75.51 | 27.6 | 20,388 | 1.25 | 158 | 17.01 | 2,260 | -5.51 | 34.3 | 26.2 | 6.79 | 5.8 | 0.00 | 61.75 | 12,889 | 12.9 |
| 7. | Engineers India | 273.45 | 19.6 | 15,369 | 1.80 | 158 | 141.49 | 820 | -5.80 | 28.1 | 23.8 | 4.90 | 16.8 | 0.01 | 51.37 | 3,928 | 5.7 |
| 8. | Sri Lotus Developers and Realty | 246.25 | 41.1 | 12,035 | 0.21 | 89 | 90.93 | 269 | 52.51 | 16.7 | 16.7 | 5.91 | 36.3 | 0.07 | 79.87 | 769 | 66.4 |
| 9. | VA Tech Wabag | 1,884.80 | 29.2 | 11,783 | 0.26 | 90 | 36.93 | 887 | 20.82 | 16.3 | 15.7 | 4.57 | 14.3 | 0.09 | 27.05 | 3,944 | 9.9 |
| 10. | Techno Electric & Engineering Company | 946.60 | 25.5 | 11,009 | 0.74 | 93 | -31.44 | 630 | 19.84 | 12.5 | 12.0 | 2.65 | 14.1 | 0.02 | 56.96 | 3,160 | 56.3 |
| Median: 54 Co. | 610.03 | 20.1 | 2,182 | 0.01 | 149 | 21.34 | 1,573 | 9.00 | 18.3 | 10.6 | 2.39 | 9.5 | 0.26 | 56.96 | 7,002 | 10.2 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
Standalone figures in ₹ crore
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Standalone figures in ₹ crore
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own 3-year sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
- Related Party TransactionsHEC Infra Projects Limited has informed the Exchange about revised related Party Transactions March 202306-Jun-2023
- Related Party TransactionsHEC Infra Projects Limited has informed the Exchange about related Party Transactions -October 2022 to March 202327-May-2023
- Related Party TransactionHEC Infra Projects Limited has informed the Exchange about related party transaction for the period ended September 202222-Nov-2022
- Related Party TransactionHEC Infra Projects Limited has informed the Exchange about related party transaction for the period ended March 202214-Jun-2022
- General updatesWith reference to the above mentioned subject, regarding the clarification on NonSubmission of XBRL based filling of the Related Party Transactions for the listed companies at NSE…24-Mar-2022
Full details: notes to the Financial Year 2026 annual report (related party disclosures).
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| 44 | 52 | 74 | 112 | 176 | 180 | |
| YOY Sales Growth % | 18.32% | 42.63% | 51.92% | 57.44% | ||
| 41 | 48 | 68 | 98 | 156 | 159 | |
| Material Cost % | 56% | 45% | 48% | 41% | 56% | 62% |
| Employee Cost % | 8% | 6% | 4% | 3% | 2% | 3% |
| Other Expenses % | 29% | 42% | 40% | 43% | 30% | 24% |
| Operating Profit | 3 | 3 | 5 | 14 | 20 | 20 |
| OPM % | 6% | 6% | 7% | 12% | 11% | 11% |
| Other Income | 1 | 1 | 3 | 1 | 2 | 2 |
| Interest | 3 | 3 | 2 | 3 | 4 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 7 | 12 | 18 | 17 |
| 26% | 34% | 28% | 21% | 28% | 28% | |
| Current tax | 0 | 0 | 2 | 2 | 4 | |
| Deferred tax | -0 | 0 | 0 | 0 | 1 | |
| 1 | 1 | 5 | 9 | 13 | 13 | |
| YOY Profit Growth % | 53.22% | 510.99% | 91.92% | 36.33% | ||
| EPS in Rs | 0.51 | 0.78 | 4.65 | 9.08 | 11.63 | 11.64 |
Compounded Sales Growth
- 3 Years:
- 51%
- TTM:
- 47%
Compounded Profit Growth
- 3 Years:
- 152%
- TTM:
- 31%
Stock Price CAGR
- 5 Years:
- 22%
- 3 Years:
- 28%
- 1 Year:
- -16%
Return on Equity
- 4 Years:
- 15%
- Last Year:
- 21%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 10 | 10 | 11 | 11 |
| Reserves | 20 | 25 | 42 | 55 |
| 31 | 30 | 38 | 44 | |
| Long term borrowings | 21 | 25 | 0 | |
| Short term borrowings | 10 | 6 | 38 | 44 |
| 23 | 14 | 18 | 25 | |
| Trade payables | 23 | 10 | 14 | 17 |
| Current liabilities | 33 | 19 | 55 | 69 |
| Total Liabilities | 85 | 79 | 109 | 135 |
| 2 | 1 | 1 | 1 | |
| Gross block | 5 | 4 | 4 | 4 |
| Accumulated depreciation | 3 | 3 | 3 | 3 |
| Goodwill & intangibles | 0 | |||
| 83 | 78 | 108 | 134 | |
| Inventories | 16 | 10 | 10 | 42 |
| Trade receivables | 32 | 15 | 49 | 30 |
| Cash & equivalents | 0 | 1 | 0 | 0 |
| Current assets | 79 | 70 | 78 | 105 |
| Total Assets | 85 | 79 | 109 | 135 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7 | 7 | -33 | 3 | |
| Profit for the year | 1 | 5 | 9 | 13 |
| Working capital changes | 3 | 4 | -42 | -15 |
| Direct taxes paid | -0 | -2 | -2 | -3 |
| 0 | 4 | 7 | -5 | |
| Fixed assets purchased | -0 | -0 | -0 | |
| Fixed assets sold | 3 | 0 | ||
| Investments purchased | -6 | |||
| Investments sold | 6 | |||
| -7 | -2 | 15 | 3 | |
| Proceeds from borrowings | 8 | 7 | ||
| Repayment of borrowings | -4 | -1 | ||
| Interest paid | -3 | -1 | -1 | -4 |
| Net Cash Flow | 0 | 9 | -11 | 0 |
| Free Cash Flow | 7 | 7 | -33 | 3 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 2.6% | 14.5% | 21.0% | 21.2% |
| ROCE | — | 3.9% | 12.5% | 26.9% | 31.6% |
| Operating margin | — | 6.0% | 7.4% | 14.3% | 11.3% |
| Net margin | — | 1.5% | 6.4% | 8.2% | 7.1% |
| Debt / equity | — | 1.04 | 0.87 | 0.72 | 0.68 |
| Current ratio | — | 2.39 | 3.60 | 1.41 | 1.51 |
| Debtor days | — | 226 | 74 | 161 | 63 |
| Inventory days | — | 247 | 103 | 39 | 101 |
| Days payable | — | 362 | 99 | 55 | 42 |
| Cash conversion cycle | — | 111 | 78 | 145 | 122 |
| Working capital days | — | 326 | 249 | 74 | 73 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 74.93%
- Public 25.07%
| % | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.20% | 73.20% | 73.20% | 73.20% | 73.20% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% |
| DIIs | 8.52% | 8.52% | 8.52% | 8.52% | 5.86% | 5.48% | 5.48% | 5.48% | 5.48% | |||
| 18.27% | 18.27% | 18.27% | 18.27% | 20.94% | 19.58% | 19.58% | 19.58% | 19.58% | 25.07% | 25.07% | 25.07% | |
| Retail (up to ₹2 lakh) | 5.69% | 6.34% | 8.47% | 9.80% | 9.75% | 8.65% | 10.01% | 9.84% | 9.36% | 9.87% | 9.87% | 10.56% |
| HNIs (above ₹2 lakh) | 6.86% | 6.25% | 5.52% | 4.40% | 7.27% | 7.12% | 5.81% | 5.82% | 6.30% | 11.12% | 11.48% | 11.53% |
| NRIs | 0.14% | 0.18% | 0.28% | 0.30% | 0.34% | 0.30% | 0.41% | 0.52% | 0.48% | 0.44% | 0.41% | 0.39% |
| Bodies corporate | 5.47% | 5.40% | 3.84% | 3.50% | 3.20% | 3.01% | 2.95% | 2.85% | 2.85% | 3.04% | 2.69% | 1.94% |
| No. of Shareholders | 2,222 | 2,227 | 3,180 | 3,762 | 3,927 | 3,707 | 4,065 | 3,937 | 3,846 | 4,011 | 3,961 | 4,208 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts14-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018HEC Infra Projects Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018-Regulation 74(5)08-Oct-2026
- General UpdatesHEC Infra Projects Limited has informed the Exchange about General Updates30-Sep-2026
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts28-Sep-2026
- Trading WindowHEC Infra Projects Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201524-Sep-2026
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts21-Sep-2026
- General UpdatesHEC Infra Projects Limited has informed the Exchange about General Updates18-Sep-2026
- Change in AuditorsHEC Infra Projects Limited has informed the Exchange regarding Change in Auditors of the company.18-Sep-2026
- Shareholders meetingHEC Infra Projects Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 18, 2026. Further, the company has informed the Exchang…18-Sep-2026
- Shareholders meetingHEC Infra Projects Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 18, 202618-Sep-2026
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts31-Aug-2026
- Copy of Newspaper PublicationHEC Infra Projects Limited has informed the Exchange about Copy of Newspaper Publication- notice of agm and evoting19-Aug-2026
Annual reports
- Financial Year 202618-AUG-2026
- Financial Year 202519-AUG-2025
- Financial Year 202402-JUL-2024
- Financial Year 2023
- Financial Year 2022
Credit ratings
- Credit RatingHEC Infra Projects Limited has informed the Exchange about Credit Rating04-Oct-2025
- Credit RatingHEC Infra Projects Limited has informed the Exchange about Affirmation of Credit Rating13-Aug-2022
- Credit RatingHEC Infra Projects Limited has informed the Exchange about Credit Rating13-Oct-2021
Concalls & investor meets
- Investor PresentationHEC Infra Projects Limited has informed the Exchange about Investor Presentation09-Feb-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Transcript19-Nov-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Link of Recording18-Nov-2025
- Investor PresentationHEC Infra Projects Limited has informed the Exchange about Investor Presentation17-Nov-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Schedule of meet05-Nov-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about outcome of analyst/investor meet through zoom29-Sep-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Schedule of meet23-Sep-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Transcript20-Aug-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Link of Recording18-Aug-2025
- Analysts/Institutional Investor Meet/Con. Call UpdatesHEC Infra Projects Limited has informed the Exchange about Schedule of meet and CON CALL12-Aug-2025
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 19 Sep 2018
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
From the company (NSE)
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contractsNSE filing · 14-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018HEC Infra Projects Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018-Regulation 74(5)NSE filing · 08-Oct-2026
- General UpdatesHEC Infra Projects Limited has informed the Exchange about General UpdatesNSE filing · 30-Sep-2026
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contractsNSE filing · 28-Sep-2026
- Trading WindowHEC Infra Projects Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 24-Sep-2026
- Bagging/Receiving of orders/contractsHEC Infra Projects Limited has informed the Exchange about Bagging/Receiving of orders/contractsNSE filing · 21-Sep-2026
- General UpdatesHEC Infra Projects Limited has informed the Exchange about General UpdatesNSE filing · 18-Sep-2026
- Change in AuditorsHEC Infra Projects Limited has informed the Exchange regarding Change in Auditors of the company.NSE filing · 18-Sep-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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