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Discovery themes featuring this stock
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HEC Infra Projects Limited is an Ahmedabad-headquartered turnkey EPC contractor delivering design-to-commissioning services across transmission, substations (11–220 kV), overhead and underground lines, water pumping and treatment, solar parks, lighting/ELV, and industrial electrification, serving 50+ marquee clients in government and private sectors with a track record of 300+ projects since its origins in 1986.
Financial momentum is visible: revenues rose from ₹51.7 crore in FY23 to ₹112.1 crore in FY25, EBITDA expanded to ₹15.0 crore (13.25% margin) in FY25 and ROE/ROCE improved materially, showing HEC Infra Projects Limited’s ability to scale profitable EPC execution while maintaining improving capital returns and interest coverage since FY23.
Order book strength and client concentration define visibility: HEC Infra Projects Limited reports a ₹326.08 crore order book (₹202.78 crore unexecuted) with 75% government exposure and 89% of work concentrated in Gujarat, providing clear near-term execution visibility but creating geographic and client concentration risks that management is monitoring.
Strategically HEC Infra Projects Limited is pivoting into adjacent energy infrastructure: management is targeting BESS tenders, deeper solar park participation, and selective backward-integration acquisitions to secure transformer supply and improve margins, while prioritizing short-tenure, high-IRR EPC contracts to accelerate cash conversion and sustain margin expansion.
Key operational risks include FY25 negative operating cash from operations and high current borrowings versus cash balances, despite improved credit ratings and declining debt-to-equity; HEC Infra Projects Limited’s near-term success will depend on working capital discipline, timely project execution, and geographic diversification of its order book.
Construction
Civil Construction
131 Cr
High Risk
10.4
24.5
0.1
1.9
164.70
92.10
Sales CAGR
Profit CAGR
ROE
ROCE
Investor Presentation
Q3 FY26
Investor Presentation
Q2 FY26
Investor Presentation
Q1 FY26
Investor Presentation
Q4 FY25
Discovery themes featuring this stockHEC Infra Projects Ltd (HECPROJECT) is currently trading at 121.21 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
HEC Infra Projects Limited is an Ahmedabad-headquartered turnkey EPC contractor delivering design-to-commissioning services across transmission, substations (11–220 kV), overhead and underground lines, water pumping and treatment, solar parks, lighting/ELV, and industrial electrification, serving 50+ marquee clients in government and private sectors with a track record of 300+ projects since its origins in 1986. Financial momentum is visible: revenues rose from ₹51.7 crore in FY23 to ₹112.1 crore in FY25, EBITDA expanded to ₹15.0 crore (13.25% margin) in FY25 and ROE/ROCE improved materially, showing HEC Infra Projects Limited’s ability to scale profitable EPC execution while maintaining improving capital returns and interest coverage since FY23. Order book strength and client concentration define visibility: HEC Infra Projects Limited reports a ₹326.08 crore order book (₹202.78 crore unexecuted) with 75% government exposure and 89% of work concentrated in Gujarat, providing clear near-term execution visibility but creating geographic and client concentration risks that management is monitoring. Strategically HEC Infra Projects Limited is pivoting into adjacent energy infrastructure: management is targeting BESS tenders, deeper solar park participation, and selective backward-integration acquisitions to secure transformer supply and improve margins, while prioritizing short-tenure, high-IRR EPC contracts to accelerate cash conversion and sustain margin expansion. Key operational risks include FY25 negative operating cash from operations and high current borrowings versus cash balances, despite improved credit ratings and declining debt-to-equity; HEC Infra Projects Limited’s near-term success will depend on working capital discipline, timely project execution, and geographic diversification of its order book.
Over the past 52 weeks, HEC Infra Projects Ltd has traded between a low of ₹92.10 and a high of ₹164.70. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
HEC Infra Projects Ltd has a market capitalization of approximately 124.65. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
HEC Infra Projects Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 9.88 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 124.65 Cr, HEC Infra Projects Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
HEC Infra Projects Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of HEC Infra Projects Ltd is 9.88. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Bearish
3
Neutral
6
Bullish
5
Bearish
28
Neutral
6
Bullish
12
Bearish
25
Neutral
0
Bullish
7
Bearish
3
Neutral
6
Bullish
5
Bearish
3
Neutral
6
Bullish
5
Bearish
25
Neutral
0
Bullish
7
Bearish
25
Neutral
0
Bullish
7
Bearish
25
Neutral
0
Bullish
7
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
54.66 | 128 Cr | 18.14 | 0.69 | 0.00 | 3.34 | 3.40 | 2.71 | ||
121.21 | 125 Cr | 9.88 | 1.90 | 0.00 | 19.17 | 19.52 | 9.32 | ||
50.20 | 125 Cr | 11.90 | 1.78 | 0.00 | 14.93 | 14.52 | 6.51 | ||
71.75 | 124 Cr | 17.35 | 2.46 | 0.00 | 14.19 | 15.09 | 7.73 | ||
149.00 | 119 Cr | 14.46 | 2.89 | 0.00 | 19.98 | 22.55 | 10.21 | ||
70.25 | 118 Cr | 14.29 | 1.21 | 1.42 | 6.62 | 9.56 | 5.31 | ||
21.64 | 116 Cr | 9.81 | 0.68 | 0.00 | 0.97 | 2.94 | 3.24 | ||
| Median: 7 Co. | — | 70.25 | 124 Cr | 14.29 | 1.78 | 0.00 | 14.19 | 14.52 | 6.51 |
