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HEC Infra Projects Ltd.

HEC Infra Projects Ltd.

NNSE:HECPROJECT
107.67
INR
-1.44
(-1.32%)
11.64EPS
10.90P/E
1.37BMarket Cap
HEC Infra Projects Ltd.
NSE:HECPROJECT
(National Stock Exchange of India)

Recent

price

107.67

P/E

ratio

10.90

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
167.94
154.69
82.85
81.51
78.99
38.7
37.05
43.13
51.03
72.79
110.15
162.84
165.77
Revenue per Share
3.32
3.4
3.12
3.3
1.93
0.53
0.31
0.51
0.78
4.65
9.08
11.63
11.64
Basic EPS, GAAP
- -
-2.39
10.54
-1.99
-4.11
-4.73
1.4
-3.59
6.69
6.88
-32.28
2.74
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.24
0.24
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
16.56
26.9
22.63
25.93
27.61
28.14
28.45
28.97
29.73
34.39
49.03
60.65
- -
Book Value per Share
12.55
26.9
22.63
25.93
27.61
28.14
28.45
28.97
29.73
34.39
49.03
60.63
- -
Tangible Book Value per Share
7
7
10
10
10
10
10
10
10
10
10
11
11
Basic Weighted Avg Shares
1,250
1,160
840
826
801
392
376
437
517
738
1,121
1,765
1,797
Sales/Revenue/Turnover
6.81
9.64
8.74
9.24
7.16
7.35
5.55
5.5
5.98
7.43
14.29
11.34
11.25
Operating Margin (%)
4
3
3
3
3
3
2
2
2
2
1
2
- -
Depreciation Expense
25
26
32
33
20
5
3
5
8
47
92
126
126
Net Income, GAAP
33.02
35.28
34.7
32.26
22.64
28.16
- -
7.76
34.47
28.76
21.01
28.45
27.56
Effective Tax Rate (%)
1.98
2.2
3.77
4.04
2.44
1.37
0.83
1.18
1.52
6.39
8.25
7.14
7.02
Profit Margin (%)
174
131
111
191
291
366
408
459
462
503
226
353
- -
Working Capital
46
40
47
91
126
158
182
223
213
246
3
- -
- -
LT Debt
123
200
229
263
280
285
288
294
301
349
531
657
- -
Total Equity
- -
7.04
7.64
10.43
8.1
3.6
- -
3.77
3.89
9.25
13.91
14.33
- -
Return on Invested Capital (%)
- -
8.81
9.03
8.75
6.42
2.42
- -
2.34
2.12
8.38
14.58
14.87
- -
Return on Capital (%)
- -
15.76
14.72
13.57
7.2
1.9
1.08
1.77
2.65
14.51
21.01
21.2
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
444
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
1,323
1,039
1,375

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,046
- -
Cash, Cash Equivalents & STI
- -
145
- -
Accounts Receivable, Net
- -
305
- -
Inventories
- -
418
- -
Total Current Liabilities
- -
693
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
444
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.49%
19.25%
23.72%
Free Cash Flow
-214.21%
-263.91%
-109.04%
Net Income, GAAP
62.31%
149.96%
36.33%
Sales/Revenue/Turnover
9.92%
37.34%
57.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
180
200
275
465
1,121
2026
279
405
574
507
1,765
2027
311
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.82
1.21
1.41
5.58
9.08
2026
1.23
2.06
2.69
5.63
11.63
2027
1.26
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
HEC Infra Projects Limited (HECPROJECT.NS), founded in 2005 and headquartered in Ahmedabad, Gujarat, India, operates as an engineering, procurement, and construction (EPC) contractor specializing in electro-mechanical, electrical, civil, and instrumentation projects across India. The company delivers supply, installation, testing, and commissioning (SITC) services for governments and private clients, including overhead transmission lines up to 220 kV, underground cable laying up to 66 kV, air-insulated substations up to 220 kV, switchyards, SCADA systems; water pumping stations and management systems; smart lighting, street lighting, industrial plant lighting, highway lighting, solar rooftops and PV plants, battery energy storage systems, mini/micro grid solar projects; industrial and commercial electrification, extra low voltage systems, public address systems, fire alarm and detection systems, security, nurse calling, building management, air conditioning, computer networking, CCTV, door access control; and high/low voltage panels, distribution boards. Registered as a Class A EPC contractor with Gujarat's Roads and Building Department, Class-1 with Central Public Works Department, and licensed by GETCO, it serves industries such as engineering, textiles, glass, cement, chemicals, pharmaceuticals, steel, petrochemicals, refineries, power generation, airports, hospitals, ports, commercial centers, and SEZs. Recent developments include securing a Rs15.68 crore EPC order in April 2025 from Brixo Industries for industrial electrification; a Rs7.15 crore contract in August 2025 for a 185MW battery energy storage system and 220kV substation at Charal, Sanand, Gujarat; and seven new orders totaling Rs55.77 crore reported in Q1 FY26 earnings, alongside partnerships with solar developers for DC/AC balance of plant and grid compliance systems.