HEC Infra Projects Ltd
₹ 36.4
-1.22%
09 Jun
12:14 p.m.
About
Incorporated in 2005, HEC Infra Projects Ltd is engaged in electrification services
Key Points
- Market Cap ₹ 37.0 Cr.
- Current Price ₹ 36.4
- High / Low ₹ 63.4 / 20.3
- Stock P/E 46.8
- Book Value ₹ 29.7
- Dividend Yield 0.00 %
- ROCE 7.14 %
- ROE 2.66 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -8.87% over past five years.
- Company has a low return on equity of 1.83% over last 3 years.
- Earnings include an other income of Rs.1.34 Cr.
- Company has high debtors of 212 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.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
57.29 | 59.71 | 60.46 | 124.96 | 115.92 | 83.48 | 82.29 | 79.99 | 39.22 | 37.54 | 43.71 | 51.73 | |
54.02 | 56.29 | 56.39 | 118.66 | 109.32 | 75.82 | 74.34 | 74.22 | 36.09 | 35.24 | 41.06 | 48.42 | |
Operating Profit | 3.27 | 3.42 | 4.07 | 6.30 | 6.60 | 7.66 | 7.95 | 5.77 | 3.13 | 2.30 | 2.65 | 3.31 |
OPM % | 5.71% | 5.73% | 6.73% | 5.04% | 5.69% | 9.18% | 9.66% | 7.21% | 7.98% | 6.13% | 6.06% | 6.40% |
1.13 | 0.93 | 0.50 | 0.63 | 0.79 | 0.71 | 0.86 | 1.24 | 0.86 | 0.71 | 0.75 | 1.34 | |
Interest | 2.49 | 2.67 | 2.79 | 2.87 | 3.13 | 3.21 | 3.56 | 4.05 | 2.99 | 2.62 | 2.60 | 3.23 |
Depreciation | 0.16 | 0.18 | 0.18 | 0.37 | 0.32 | 0.32 | 0.31 | 0.31 | 0.25 | 0.23 | 0.24 | 0.22 |
Profit before tax | 1.75 | 1.50 | 1.60 | 3.69 | 3.94 | 4.84 | 4.94 | 2.65 | 0.75 | 0.16 | 0.56 | 1.20 |
Tax % | 35.43% | 29.33% | 36.88% | 33.06% | 35.28% | 34.71% | 32.19% | 26.04% | 28.00% | -93.75% | 8.93% | 34.17% |
Net Profit | 1.13 | 1.07 | 1.02 | 2.47 | 2.55 | 3.16 | 3.34 | 1.95 | 0.54 | 0.31 | 0.51 | 0.79 |
EPS in Rs | 3.23 | 3.06 | 1.46 | 3.34 | 2.52 | 3.13 | 3.31 | 1.93 | 0.53 | 0.31 | 0.50 | 0.78 |
Dividend Payout % | 9.29% | 9.81% | 20.59% | 6.03% | 7.96% | 6.42% | 6.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -9% |
3 Years: | 10% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | -25% |
3 Years: | 14% |
TTM: | 58% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | % |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 3% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.79 | 0.79 | 1.49 | 1.49 | 2.03 | 2.03 | 2.03 | 2.03 | 2.03 | 2.03 | 10.14 | 10.14 | |
Reserves | 7.49 | 8.51 | 8.69 | 10.84 | 18.00 | 20.92 | 24.26 | 25.97 | 26.50 | 26.81 | 19.22 | 20.01 |
18.85 | 21.79 | 26.46 | 23.98 | 17.36 | 22.66 | 26.04 | 28.61 | 31.27 | 31.11 | 35.13 | 29.43 | |
16.16 | 15.02 | 19.83 | 43.34 | 28.74 | 26.08 | 40.10 | 34.61 | 25.77 | 24.32 | 17.40 | 25.22 | |
Total Liabilities | 43.20 | 46.02 | 56.38 | 79.65 | 66.13 | 71.69 | 92.43 | 91.22 | 85.57 | 84.27 | 81.89 | 84.80 |
3.36 | 3.20 | 3.16 | 2.99 | 2.73 | 2.52 | 2.44 | 2.24 | 2.22 | 2.19 | 2.02 | 1.93 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.68 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
39.84 | 42.82 | 53.22 | 75.98 | 63.40 | 69.17 | 89.99 | 88.98 | 83.35 | 82.08 | 79.87 | 82.87 | |
Total Assets | 43.20 | 46.02 | 56.38 | 79.65 | 66.13 | 71.69 | 92.43 | 91.22 | 85.57 | 84.27 | 81.89 | 84.80 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5.78 | 0.24 | 4.28 | 5.90 | -1.69 | 10.80 | -1.75 | -4.06 | -4.56 | 1.63 | -3.56 | 8.41 | |
-0.29 | 0.39 | -0.26 | 0.04 | 0.25 | 0.24 | 0.08 | 0.21 | 0.04 | 0.07 | 0.26 | 0.20 | |
-4.43 | -1.97 | -3.76 | -5.33 | 1.90 | -8.07 | 1.54 | 2.89 | 3.88 | -1.44 | 1.95 | -8.38 | |
Net Cash Flow | 1.06 | -1.34 | 0.26 | 0.61 | 0.45 | 2.96 | -0.12 | -0.96 | -0.63 | 0.26 | -1.35 | 0.22 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 160.30 | 168.59 | 143.20 | 77.05 | 95.97 | 145.60 | 217.25 | 140.82 | 261.61 | 296.36 | 242.58 | 212.45 |
Inventory Days | 30.22 | 29.49 | 40.57 | 79.19 | 23.34 | 21.95 | 47.69 | 67.87 | 299.33 | 229.13 | 230.70 | 246.82 |
Days Payable | 128.83 | 123.08 | 156.66 | 165.81 | 118.80 | 177.08 | 264.68 | 248.24 | 484.96 | 372.26 | 254.54 | 361.72 |
Cash Conversion Cycle | 61.68 | 75.00 | 27.12 | -9.56 | 0.50 | -9.54 | 0.27 | -39.55 | 75.97 | 153.23 | 218.74 | 97.56 |
Working Capital Days | 96.27 | 125.07 | 151.35 | 64.99 | 74.62 | 102.14 | 134.93 | 181.75 | 440.38 | 468.06 | 454.52 | 349.69 |
ROCE % | 18.07% | 14.32% | 12.96% | 17.98% | 19.24% | 19.40% | 17.19% | 12.08% | 6.43% | 4.64% | 5.06% | 7.14% |
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.