HEC Infra Projects Ltd
₹ 161
1.39%
10 Jun
3:29 p.m.
About
Incorporated in 2005, HEC Infra Projects Ltd is engaged in electrification services
Key Points
- Market Cap ₹ 174 Cr.
- Current Price ₹ 161
- High / Low ₹ 169 / 82.0
- Stock P/E 18.9
- Book Value ₹ 49.0
- Dividend Yield 0.00 %
- ROCE 19.0 %
- ROE 21.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 76.5% CAGR over last 5 years
- Promoter holding has increased by 1.73% over last quarter.
Cons
- Stock is trading at 3.27 times its book value
- 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.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
60 | 125 | 116 | 83 | 82 | 80 | 39 | 38 | 44 | 52 | 74 | 112 | |
56 | 119 | 109 | 76 | 74 | 74 | 36 | 35 | 41 | 48 | 68 | 98 | |
Operating Profit | 4 | 6 | 7 | 8 | 8 | 6 | 3 | 2 | 3 | 3 | 5 | 14 |
OPM % | 7% | 5% | 6% | 9% | 10% | 7% | 8% | 6% | 6% | 6% | 7% | 12% |
0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | |
Interest | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 3 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 2 | 4 | 4 | 5 | 5 | 3 | 1 | 0 | 1 | 1 | 7 | 12 |
Tax % | 37% | 33% | 35% | 35% | 32% | 26% | 28% | -94% | 9% | 34% | 29% | 21% |
1 | 2 | 3 | 3 | 3 | 2 | 1 | 0 | 1 | 1 | 5 | 9 | |
EPS in Rs | 1.46 | 3.34 | 2.52 | 3.13 | 3.31 | 1.93 | 0.53 | 0.31 | 0.50 | 0.78 | 4.66 | 8.53 |
Dividend Payout % | 21% | 6% | 8% | 6% | 6% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 23% |
3 Years: | 37% |
TTM: | 52% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 76% |
3 Years: | 163% |
TTM: | 271% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 79% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 12% |
Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 11 |
Reserves | 9 | 11 | 18 | 21 | 24 | 26 | 26 | 27 | 19 | 20 | 25 | 42 |
27 | 24 | 17 | 23 | 26 | 29 | 31 | 31 | 35 | 31 | 30 | 38 | |
20 | 43 | 29 | 26 | 40 | 35 | 26 | 24 | 17 | 23 | 14 | 15 | |
Total Liabilities | 56 | 80 | 66 | 72 | 92 | 91 | 86 | 84 | 82 | 85 | 79 | 106 |
3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
53 | 76 | 63 | 69 | 90 | 89 | 83 | 82 | 80 | 83 | 78 | 105 | |
Total Assets | 56 | 80 | 66 | 72 | 92 | 91 | 86 | 84 | 82 | 85 | 79 | 106 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 6 | -2 | 11 | -2 | -4 | -5 | 2 | -4 | 7 | 7 | -26 | |
-0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | |
-4 | -5 | 2 | -8 | 2 | 3 | 4 | -1 | 2 | -7 | -2 | 17 | |
Net Cash Flow | 0 | 1 | 0 | 3 | -0 | -1 | -1 | 0 | -1 | 0 | 9 | -9 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 143 | 77 | 96 | 146 | 217 | 141 | 262 | 296 | 243 | 226 | 74 | 155 |
Inventory Days | 41 | 79 | 23 | 22 | 48 | 68 | 299 | 229 | 231 | 247 | 103 | 78 |
Days Payable | 157 | 166 | 119 | 177 | 265 | 248 | 485 | 372 | 255 | 362 | 99 | 93 |
Cash Conversion Cycle | 27 | -10 | 0 | -10 | 0 | -40 | 76 | 153 | 219 | 111 | 79 | 139 |
Working Capital Days | 151 | 65 | 75 | 102 | 135 | 182 | 440 | 468 | 455 | 377 | 220 | 167 |
ROCE % | 13% | 18% | 19% | 19% | 17% | 12% | 6% | 5% | 5% | 7% | 8% | 19% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
29 May 2025 - HEC Infra Projects Q4 FY25 earnings call: 47Cr Q4 revenue, 113Cr FY revenue, strong order book, growth plans discussed.
-
Analysts/Institutional Investor Meet/Con. Call Updates
26 May 2025 - Audio recording link of Q4 FY25 earnings call submitted, no price sensitive info shared.
-
Investor Presentation
24 May 2025 - HEC Infra Projects investor presentation covering business overview, management, projects, and financials.
-
Copy of Newspaper Publication
23 May 2025 - Audited financial results published for quarter and year ended March 31, 2025.
-
Outcome of Board Meeting
22 May 2025 - HEC Infra Projects approved FY25 audited standalone results; net profit Rs. 924.35L; no fund utilization deviation.
Annual reports
Concalls
-
May 2025Transcript PPT
Business Overview:[1]
Company is an EPC contractor which provides SITC services to multiple governments and private entities. HEC is registered ‘Class A’ EPC contractor with Roads and Building Department of Govt of Gujarat and a Class-1 registered contractor with Central Public Works Department. It has also been awarded contractor license from GETCO. Company works in the field of Electrical, Electro-Mechanical, Civil and Instrumentation work and offers integrated solutions and end-to-end services ranging from 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 projects. Company has executed projects on Turnkey basis for Switchyard up to 220 KV, Overhead transmission line up to 220 KV, and underground cable laying up to 66 KV, Air insulated substations up to 220KV and SCADA systems.