HEC Infra Projects Ltd
NSE: HECPROJECT
HEC Infra Projects Ltd (HECPROJECT) is a Diversified company listed on NSE: HECPROJECT. With a market cap of ₹134 Cr and ROCE of 19%, ROE of 21%, it operates in the Indian Diversified sector.
₹124
52W: ₹92.1 — ₹184
PE 11 · Book ₹52.3 · +137% vs bookMarket Cap₹134 Cr
Stock P/E11Price to Earnings
ROCE19%Return on Capital
ROE21%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 76.4% CAGR over last 5 years
- +Company's working capital requirements have reduced from 181 days to 44.4 days
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 11.8% over last 3 years.
- −Company has high debtors of 155 days.
Shareholding Pattern
Promoters74.93%
FIIs0%
DIIs0%
Public25.07%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.2% | 73.2% | 73.2% | 74.93%▲1.7 | 74.93% | 74.93% | 74.93% | 74.93% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 8.52% | 8.52% | 5.86%▼2.7 | 5.48%▼0.4 | 5.48% | 5.48% | 5.48% | 0%▼5.5 |
| Public | 18.27% | 18.27% | 20.94%▲2.7 | 19.58%▼1.4 | 19.58% | 19.58% | 19.58% | 25.07%▲5.5 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.27 | 17.09 | 28.18 | 18.02 | 20.04 | 27.54 | 46.5 | 27.91 | 40.5 | 57.35 |
| Expenses | 13.95 | 15.76 | 26.4 | 16.8 | 18.86 | 24.91 | 37.57 | 25.31 | 36.96 | 52.45 |
| Operating Profit | 1.32 | 1.33 | 1.78 | 1.22 | 1.18 | 2.63 | 8.93 | 2.6 | 3.54 | 4.9 |
| OPM % | 8.64% | 7.78% | 6.32% | 6.77% | 5.89% | 9.55% | 19.2% | 9.32% | 8.74% | 8.54% |
| Net Profit | 0.64 | 3.78 | 0.26 | 0.84 | 1.23 | 1.43 | 5.67 | 1.33 | 2.23 | 2.92 |
| EPS ₹ | 0.63 | 3.73 | 0.26 | 0.83 | 1.21 | 1.41 | 5.23 | 1.23 | 2.06 | 2.69 |
AI Insights
Revenue Trend
TTM revenue at ₹172Cr, up 53.6% YoY. OPM at 12%.
Debt Position
Borrowings at ₹42Cr. Debt-to-equity ratio: 0.91x. Moderate leverage.
Institutional Flow
DIIs: 0% (-8.52pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.93%.
Margin & Efficiency
ROCE improving from 13% (Mar 2014) to 19% (Mar 2025). Working capital days: 44.
Valuation
PE 11x with 19% ROCE. Price is 137% above book value of ₹52.3. Dividend yield: 0%.
Recent Announcements
- Bagging/Receiving of orders/contracts 16 May 2026 - HEC Infra won ₹11.89 crore Powergrid order for Jaipur South substation augmentation, executable in 15 months.
- Resignation 6 May 2026 - M/s. Nishant Pandya & Associates resigned as secretarial auditors effective 6 May 2026, citing personal reasons.
- Price movement 10 April 2026 - HEC Infra clarifies no material events or promoter share movement behind price rise.
- Price movement 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
- Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
- Financial Year 2025 from nse
- Financial Year 2024 from nse
- Financial Year 2023 from nse