HEC Infra Projects Ltd

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HEC Infra Projects Ltd

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About

HEC Infra Projects Ltd is an Ahmedabad-
based, asset-light EPC contractor providing design, engineering, procurement, installation, testing, commissioning and O&M for the transmission /substations/cabling, water pumping, solar, lighting and ELV systems. Capabilities include projects up to 220-kV switchyards/transmission lines, 66-kV underground cabling, AIS substations,
SCADA and associated civil & instrumentation works. [1]

Key Points

Business model:[1]
HEC undertakes SITC/EPC contracts from design and procurement through construction, testing and commissioning, along with selective O&M. Long-term contract revenue is recognised over time, while uncertified work remains WIP until customer-approved milestones establish payment rights.

  • Market Cap Cr.
  • Current Price
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  • Stock P/E
  • Book Value
  • Dividend Yield %
  • ROCE %
  • ROE %
  • Face Value

Pros

Cons

* 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

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Figures in Rs. Crores

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Dividend Payout %
Compounded Sales Growth
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5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
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Stock Price CAGR
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Return on Equity
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Balance Sheet

Figures in Rs. Crores

Equity Capital
Reserves
Total Liabilities
CWIP
Investments
Total Assets

Cash Flows

Figures in Rs. Crores

Net Cash Flow
Free Cash Flow
CFO/OP

Ratios

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Debtor Days
Inventory Days
Days Payable
Cash Conversion Cycle
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ROCE %

Insights

In beta
Jan 2016 Aug 2017 Aug 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Unexecuted Order Book
₹ Cr ・Standalone data

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Employees on Rolls
count ・Standalone data
Government Share of Order Book
% ・Standalone data
New Orders Inflow
₹ Cr ・Standalone data
Order Book by EPC Vertical
₹ Cr ・Standalone data
Projects Under Execution
count ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93%
8.52% 8.52% 8.52% 8.52% 8.52% 5.86% 5.48% 5.48% 5.48% 5.48% 0.00% 0.00%
18.27% 18.27% 18.27% 18.27% 18.27% 20.94% 19.58% 19.58% 19.58% 19.58% 25.07% 25.07%
No. of Shareholders 1,5792,2222,2273,1803,7623,9273,7074,0653,9373,8464,0113,961

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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