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NIFTY 5024,980.40+0.35%
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GOLD 24K (10g)₹75,420+0.38%
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HEC Infra Projects Limited

HEC Infra Projects Limited

NSE: HECPROJECT
Engineering & ConstructionIndustrialsSMALL CAPMCap ₹123.4 Cr
₹113.87₹-0.85 (-0.74%)

Market Closed • NSE

Market cap₹123.4 Cr
Enterprise value₹153.1 Cr
P/E TTM9.78
P/B1.88
EPS TTM₹11.64
D/E0.68
Dividend yield0.00%
52W high₹160.50
52W low₹92.10
Price chart(1Y)
1Y Return:-2.04% (₹2.37)
H: ₹149.9L: ₹109.03
1W-0.04%
1M-2.54%
3M-1.50%
6M-17.29%
1Y-18.64%
Today at a glance

Day range

₹111.65₹115.48

52 week range

₹92.10₹160.50
Volume1.4K0.24x 20D avg
Free float50.00%-76.40% volume

HEC Infra Projects Limited closed at INR113.87 (-0.74%) on volume 0.24x its 20-day average, trading 29.05% below its 52-week high.

Technical analysis
RSI (14)47.4Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹5.18High
SMA 20₹113.87BULLISH
SMA 50₹118.83BEARISH
SMA 100₹124.07BEARISH
SMA 200₹121.56BEARISH
CPR bottom₹112.68
Pivot₹113.36
CPR top₹114.04
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +109.1% QoQ

2024-07-23

AGM Announced

Annual General Meeting

2023-09-22

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹44.4 Cr₹123.4 Cr35.96%≤ 33%FAIL
Non-halal income ratio–₹176.5 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹134.1 Cr₹135.5 Cr98.97%≥ 20%PASS
Receivables ratio–₹135.5 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E9.7828.10
Forward P/E——
P/B1.883.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield10.203.60
Growth & profitability
RevenuePAT
FY23PAT margin 1.50%
FY24PAT margin 6.40%
FY25PAT margin 8.20%
FY26PAT margin 7.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+50.50%
Revenue CAGR 5Y—
PAT CAGR 3Y+151.90%
PAT CAGR 5Y—
Operating margin8.66%
Net margin7.03%
Financial health & cash flow
Net debt₹43.0 CrModerate
Interest coverage5.10xEBIT / interest
CFO / PAT-0.86x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹3.0 Cr
Capital expenditure–
Free cash flow₹3.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation75/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 9.8x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Engineering & Construction.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—23 Jul 2024
—Annual General MeetingAnnual General Meeting—22 Sept 2023
—Extra Ordinary General MeetingExtra Ordinary General Meeting—17 Jul 2023
—Annual General MeetingAnnual General Meeting—22 Sept 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)70.59%-25.25% latest vs average
Highest delivery87.39%on 24 Sept
Average volume (20D)5.9KTrading-session average
Conviction trendWeakening-25.25% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About HEC Infra Projects Limited
HEC Infra Projects Limited

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.

IndiaIndustrials

Questions investors ask
Is HEC Infra Projects Limited Shariah compliant?

HEC Infra Projects Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (35.96%) exceeds AAOIFI threshold (≤ 33%).

What is HEC Infra Projects Limited's current valuation relative to peers?

HEC Infra Projects Limited trades at a P/E of 9.8x compared to the sector median of 28.1x, and a Price-to-Book of 1.9x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.68x. Interest coverage is 5.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.