HEC Infra Projects Ltd. (IN:HECPROJECT)
:HECPROJECT
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HEC Infra Projects Ltd.
(HECPROJECT)
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Rating:66Neutral
Price Target:
₹162.00
▲(36.38% Upside)
Action:Reiterated
Date:04/16/26
The score is driven primarily by solid financial performance with strong growth, offset by cash flow weakness and balance-sheet risk from increasing liabilities. Technicals add support due to a strong uptrend, though overextended momentum tempers the outlook. Valuation is moderately supportive on P/E, with no dividend yield data to add further support.
Positive Factors
Strong Revenue Growth
A 51.9% year-over-year revenue jump indicates durable demand and successful contract execution. For an infra contractor, such growth generally reflects repeatable tender wins and scaling of project delivery capabilities, improving long-term top-line predictability and backlog quality.
Negative Factors
Negative Operating Cash Flow
Negative operating cash flow indicates the company is not converting earnings into cash from core operations, a structural concern for project firms reliant on working capital. This can strain liquidity, increase financing needs for contracts, and heighten counterparty and execution risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A 51.9% year-over-year revenue jump indicates durable demand and successful contract execution. For an infra contractor, such growth generally reflects repeatable tender wins and scaling of project delivery capabilities, improving long-term top-line predictability and backlog quality.
Read all positive factors
HEC Infra Projects Ltd. (HECPROJECT) vs. iShares MSCI India ETF (INDA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)13.04K
Price to Earnings (P/E)11.3
Beta (1Y)1.78
Revenue Growth83.69%
EPS Growth205.39%
CountryIN
Employees41
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)9.44
Shares Outstanding10,138,160
10 Day Avg. Volume15,612
30 Day Avg. Volume13,043
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.68
Price to Sales (P/S)0.79
P/FCF Ratio-3.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HEC Infra Projects Ltd. Business Overview & Revenue Model
Company Description
HEC Infra Projects Limited operates as an engineering, procurement, and construction contractor for electro-mechanical and instrumentation projects in India. Its services comprise substation and switchyard, overhead transmission, and cable laying ...
How the Company Makes Money
HEC Infra Projects Ltd. generates revenue through the execution of electrical and infrastructure projects. Its revenue streams primarily include contracts for electrical installations, maintenance services, and turnkey solutions for power distribu...
HEC Infra Projects Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.22B | 1.12B | 737.89M | 517.34M | 437.20M | 375.57M |
| Gross Profit | 784.74M | 622.62M | 379.35M | 282.84M | 189.63M | 138.40M |
| EBITDA | 160.48M | 149.98M | 54.20M | 22.58M | 34.00M | 15.80M |
| Net Income | 96.63M | 92.44M | 47.16M | 7.88M | 5.14M | 3.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.06B | 789.96M | 847.99M | 819.00M | 842.70M |
| Cash, Cash Equivalents and Short-Term Investments | 20.33M | 20.33M | 114.90M | 29.43M | 27.22M | 1.40M |
| Total Debt | 0.00 | 378.87M | 302.11M | 312.98M | 351.34M | 311.10M |
| Total Liabilities | -531.35M | 530.25M | 441.34M | 546.54M | 525.40M | 554.30M |
| Stockholders Equity | 531.35M | 531.35M | 348.62M | 301.44M | 293.60M | 288.40M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -261.81M | 70.28M | 67.80M | -36.40M | 14.20M |
| Operating Cash Flow | 0.00 | -261.81M | 70.37M | 69.05M | -35.55M | 16.30M |
| Investing Cash Flow | 0.00 | 178.00K | 36.02M | 1.97M | 2.58M | 700.00K |
| Financing Cash Flow | 0.00 | 165.26M | -20.92M | -68.82M | 19.49M | -14.40M |
HEC Infra Projects Ltd. Technical Analysis
Positive
118.79
Price Trends
121.45
Positive
118.94
Positive
130.54
Negative
Market Momentum
-0.66
Positive
49.63
Neutral
63.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HECPROJECT, the sentiment is Positive. The current price of 118.79 is below the 20-day moving average (MA) of 126.14, below the 50-day MA of 121.45, and below the 200-day MA of 130.54, indicating a neutral trend. The MACD of -0.66 indicates Positive momentum. The RSI at 49.63 is Neutral, neither overbought nor oversold. The STOCH value of 63.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HECPROJECT.
HEC Infra Projects Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ― | 11.34 | ― | ― | 83.69% | 205.39% | |
61 Neutral | ₹3.56B | 186.32 | ― | 0.47% | -7.49% | -57.09% | |
57 Neutral | ₹480.08M | 11.84 | ― | ― | 21.53% | 45.73% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | ₹298.17M | 13.89 | ― | ― | 494.45% | -92.47% | |
43 Neutral | ₹947.49M | -0.31 | ― | ― | 13.86% | -104.64% | |
38 Underperform | ₹406.61M | -0.11 | ― | ― | -41.09% | 11.01% |
* Services Sector Average
IN:HECPROJECT
HEC Infra Projects Ltd.
124.58
-7.73
-5.84%
IN:AKASH
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IN:KAUSHALYA
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IN:MADHUCON
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IN:RPPINFRA
RPP Infra Projects Ltd.
71.76
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-55.87%
IN:SADBHIN
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-46.31%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.