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As of 6 Nov 2026, HEC Infra Projects trades at 8.7× trailing earnings, below the industry P/E of 16.4×, and the shares are 37% below their 52-week high. Sales and net profit grew 51% and 152% a year over 3 years, with ROCE of 32% and ROE of 21%. Debt is 0.68× equity. It is a small-cap company with a market cap of ₹109 Cr, ranked 115th of 156 Engineering & Construction companies by market cap; the shares fell 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹101.00
Day high
₹103.90
Day low
₹100.05
Prev. close
₹102.07
Volume
5.7K

Health check

3 good · 1 fair · 2 to check
  • ReturnsBehind

    −25.0% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 8.7 vs industry 16.4.

  • GrowthStrong

    Sales +50.5%, profit +151.9% a year over 3 years.

  • ProfitabilityStrong

    ROCE 31.6% vs peer median 19.9%.

  • Balance sheetFair

    Debt 0.68× equity, interest covered 6.3×, Piotroski 6 of 9.

  • Red flags1 to check

    37% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹109 Cr, #115 of 156 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹180 Cr · profit ₹13 Cr
Market cap
₹109 Cr
Small cap
P/E
8.7
Industry 16.4
Price to book
1.66
Peers 4.92
Dividend yield
0.00%
ROE
21.2%
Peers 17.9%
ROCE
31.6%
Peers 19.9%
Debt to equity
0.68
Debt ₹44 Cr
EPS (TTM)
₹11.64
Face value ₹10
OPM (TTM)
11.3%
Net margin 7.0%
Sales growth
+11.5%
Latest quarter vs a year ago
Profit growth
+2.7%
Latest quarter vs a year ago
Price to sales
0.61
EV/EBITDA 6.8

Strengths and risks

Strengths

  • Return on equity of 21.2%.
  • Return on capital employed of 31.6%.
  • P/E of 8.7 against an industry P/E of 16.4.

Risks to check

  • 37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About HEC Infra Projects

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…

Headquarters
Ahmedabad
Employees
77
Sector
Industrials
ISIN
INE558R01013
Website
hecprojects.in

Price range

52 weeks

₹92.10₹160.50

Today

₹100.05₹103.90
Avg volume (3M)
11.6K
1-year return
minus 25.0%
From 52-week high
minus 37.3%

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
LTLarsen & Toubro4,117.70plus 1.67%5,66,54931.719.614.6%9.6%1.0516.1%plus 3.2%
RVNLRail Vikas Nigam193.34minus 0.18%40,31244.956.911.0%4.3%0.490.2%minus 40.5%
CEMPROCemindia Projects1,323.30plus 2.79%24,40536.424.237.1%10.4%0.3525.5%plus 49.2%
KPILKalpataru Projects International1,370.80minus 0.04%23,41019.710.119.9%8.3%0.4618.4%plus 4.3%
NBCCNBCC (India)78.00minus 2.90%21,06026.519.834.3%6.1%0.0012.9%minus 29.5%
ENGINERSINEngineers India292.70minus 1.94%16,45118.321.528.1%21.2%0.005.7%plus 51.1%
WABAGVA Tech Wabag1,988.20plus 6.57%12,43429.420.816.3%10.9%0.099.9%plus 33.2%
HECPROJECTHEC Infra Projects100.69minus 1.35%1098.76.931.6%11.3%0.6850.5%minus 25.0%
Median of 7 peers–−0.04%23,41029.420.819.9%9.6%0.3512.9%4.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
27.940.557.450.731.1
25.33752.541.628.4
2.63.54.99.12.7
9.3%8.7%8.5%17.9%8.8%
00.30.40.80.3
0.70.91.40.91.4
0.1−0.1000
1.733.98.91.6
23.6%26.8%24.9%31.6%12.6%
1.32.22.96.11.4
1.232.062.695.631.26

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+50.5%
Profit CAGR 3Y
+151.9%
EPS CAGR 3Y
+146.1%
ROE
21.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
51.773.8112176
–+42.6%+51.9%+57.4%
49.568.195.9156
2.35.616.220.2
4.4%7.7%14.4%11.4%
−0.6−0.80.60.5
0.80.82.73.3
0.20.20.10.2
0.62.7−2.20.5
1.26.611.717.6
34.5%28.8%21.0%28.5%
0.84.79.212.6
–+498.3%+96.0%+36.3%
0.784.659.0811.63

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10.110.110.810.8
2024.742.354.9
31.330.23844.4
23.413.917.825.4
84.879109135
1.91.51.31.2
3.55.51.22
0.19.28.914.5
79.362.897.5118
84.879109135

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6.97−32.93
0.23.66.9−5.3
−6.9−215.42.7
0.28.5−10.60.5
−0.1−0–−0.1
6.87−32.93

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you