HEC Infra Projects
- Market cap
- ₹ 116 Cr.
- P/E
- 8.9x
- P/B
- 1.78x
- 52-week range
- 92.1 – 160.5
- ROE
- 21%
- ROCE
- 21%
- Dividend yield
- 0%
- Debt / equity
- 0.68
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE
About
HEC Infra Projects Limited is an India-based engineering, procurement, and construction (EPC) company specializing in electro-mechanical systems, solar projects, lighting, and extra low voltage (ELV) systems. It operates through the EPC Electro-Mechanical Project segment. It provides comprehensive solutions and full-service capabilities encompassing design, supply, installation, and commissioning. It is engaged in overhead transmission lines, substations, underground cable laying, switchyards, water pumping stations, lighting systems, industrial and commercial electrification, solar photovoltaic plants, battery energy storage systems, and mini/micro grid solar projects. It undertakes diverse projects on a turnkey basis, encompassing mechanical, electrical, and instrumentation aspects across government, private, and industrial pumping schemes. Its portfolio includes executed pumping projects featuring HT Motors up to 6.6 KV, integrated with advanced PLC, SCADA, and automation systems.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →HEC Infra Projects against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.9 against a typical 14.4: cheaper than most peers (1st = cheapest).50th of 181
- Sales growth+11.5% against a typical +8.6% from a year earlier.69th of 147
- Profit growth+3% against a typical 0% from a year earlier.63rd of 130
- Share price, 3 months−20% against a typical −12.9%.119th of 164
- Size₹ 115.8 Cr. market value against a typical ₹ 148 Cr. (1st = largest).91st of 156
Latest announcements
Exchange filings and their impact on the company.
- 25-year Gurugram-Nuh distribution licence gives HEC a multi-year engineering and execution pipeline.
Haryana Electricity Regulatory Commission has granted a 25-year electricity distribution licence to Eleven Power Private Limited for Gurugram and Nuh districts. HEC Infra Projects is a consortium member and will handle detailed engineering, execution and maintenance in the licensed area. No contract value was disclosed, but the mandate gives HEC a long-term execution pipeline in power distribution.
- HEC Infra won a Rs 6.75 cr transformer supply order from CESC to be executed in 6 months.
HEC Infra Projects received a work order worth Rs 6.75 crore from CESC Limited for supply of 2 nos of 20 MVA 33/11-6 kV power transformers. The order is to be executed within 6 months and was awarded by a domestic entity. At ~3.8% of last year's revenue, it adds modest near-term revenue and strengthens credentials for similar private and government bids.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 14 Aug 2026 | Financial Results | HECPROJECT : 14-Aug-2026 : The Company has informed the Exchange that a Board meeting to be held on August 10, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on August 14, 2026, To consider and approve the financial results for the period ended Jun 30, 2026 |
| 10 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 7 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 12 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 1 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15 | 17 | 28 | 18 | 20 | 28 | 47 | 28 | 41 | 57 | 51 | 31 |
| Expenses | 14 | 16 | 26 | 17 | 19 | 25 | 39 | 25 | 37 | 52 | 42 | 28 |
| Operating Profit | 1 | 1 | 2 | 1 | 1 | 3 | 8 | 3 | 4 | 5 | 9 | 3 |
| OPM % | 8.6% | 7.8% | 6.3% | 6.8% | 5.9% | 9.6% | 16.6% | 9.3% | 8.7% | 8.6% | 17.9% | 8.8% |
| Other Income | 0 | 3 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 |
| Interest | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 | −0 | 0 | 0 | 0 |
| Profit before tax | 1 | 4 | 2 | 1 | 1 | 2 | 8 | 2 | 3 | 4 | 9 | 2 |
| Tax % | 0% | 0% | 86.5% | 22.7% | −13.9% | 25.5% | 24.9% | 23.6% | 26.6% | 24.9% | 31.6% | 12.8% |
| Net Profit | 1 | 4 | 0 | 1 | 1 | 1 | 6 | 1 | 2 | 3 | 6 | 1 |
| EPS in Rs | 0.63 | 3.73 | 0.26 | 0.83 | 1.21 | 1.41 | 5.23 | 1.23 | 2.06 | 2.69 | 5.63 | 1.26 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 36%
- 3 Years
- 51%
- TTM
- 47%
- 10 Years
- 17%
- 5 Years
- 110%
- 3 Years
- 152%
- TTM
- 31%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 37%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 13%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| HEC Infra Projects | ₹ 103.00 | ₹ 116 Cr. | 8.9x | 1.8x | 21% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Gaurang Parmanand Shah
- Executive Chairman of the Board, Managing Director
- Arvindkumar Patel
- Chief Financial Officer
- Khushi Rajendra Bhatt
- Compliance Officer, Company Secretary
- Rahul Gaurang Shah
- Executive Director
- Rupal Gaurang Shah
- Whole - Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.