HEC INFRA PROJECTS LTD (HECPROJECT) financials

HEC INFRA PROJECTS LTD (HECPROJECT) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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 &…

Market Cap: ₹123Cr.
Current Price: ₹114
Stock P/E: 9.78
ROE: 21.2%
ROCE: 21.4%
Book Value: ₹60.7
Dividend Yield: 0.00%
52W High / Low: ₹160/92.1

In Jun 2026, HEC INFRA PROJECTS LTD (HECPROJECT) reported sales ₹31.12 Cr and net profit ₹1.37 Cr.

Annual TTM: sales ₹180 Cr, net profit ₹13 Cr.

Shareholding: Promoters 74.93% (Sep 2026), DIIs 0.00% (Sep 2026), Public 25.07% (Sep 2026), No. of Shareholders 4,208% (Sep 2026).

HECPROJECT quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	20.04	27.54	46.50	27.91	40.50	57.35	50.73	31.12
Expenses	18.86	24.91	38.79	25.31	36.96	52.44	41.63	28.39
Operating Profit	1.18	2.63	7.71	2.60	3.54	4.91	9.10	2.73
OPM %	5.89%	9.55%	16.58%	9.32%	8.74%	8.56%	17.94%	8.77%
Other Income	0.70	0.25	1.01	0.01	0.32	0.42	0.79	0.29
Interest	0.70	0.87	1.26	0.73	0.88	1.40	0.93	1.42
Depreciation	0.10	0.09	-0.10	0.14	-0.07	0.04	0.04	0.04
Profit before tax	1.08	1.92	7.56	1.74	3.05	3.89	8.92	1.56
Tax %	-13.89%	25.52%	24.87%	23.56%	26.56%	24.94%	31.61%	12.82%
Net Profit	1.23	1.43	5.67	1.33	2.23	2.92	6.10	1.37
EPS in Rs	1.21	1.41	5.23	1.23	2.06	2.69	5.63	1.26
Raw PDF	—	—	—	—	—	—	—	—

HECPROJECT profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	39	38	44	52	74	112	176	180
Expenses	36	35	41	48	68	98	156	159
Operating Profit	3	2	3	3	5	14	20	20
OPM %	8%	6%	6%	6%	7%	12%	11%	11%
Other Income	1	1	1	1	3	1	2	2
Interest	3	3	3	3	2	3	4	5
Depreciation	0	0	0	0	0	0	0	0
Profit before tax	1	0	1	1	7	12	18	17
Tax %	28%	-94%	9%	34%	29%	21%	28%	—
Net Profit	1	0	1	1	5	9	13	13
EPS in Rs	0.53	0.31	0.50	0.78	4.66	8.53	11.63	11.64
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

HECPROJECT balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	10	10	10	11	11
Reserves	26	26	27	19	20	25	42	55
Borrowings	29	31	31	35	31	30	38	44
Other Liabilities	35	26	24	17	23	14	18	25
Total Liabilities	91	86	84	82	85	79	109	135
Fixed Assets	2	2	2	2	2	1	1	1
CWIP	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0
Other Assets	89	83	82	80	83	78	108	134
Total Assets	91	86	84	82	85	79	109	135

HECPROJECT cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-4	-5	2	-4	7	7	-33	3
Cash from Investing Activity	0	0	0	0	0	4	7	-5
Cash from Financing Activity	3	4	-1	2	-7	-2	15	3
Net Cash Flow	-1	-1	0	-1	0	9	-11	0
Free Cash Flow	-4	-5	1	-4	7	10	-33	3
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-60%	-138%	64%	-133%	221%	169%	-218%	30%

HECPROJECT shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	73.20%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
DIIs	5.86%	5.48%	5.48%	5.48%	5.48%	0.00%	0.00%	0.00%
Public	20.94%	19.58%	19.58%	19.58%	19.58%	25.07%	25.07%	25.07%
No. of Shareholders	3,927	3,707	4,065	3,937	3,846	4,011	3,961	4,208

HECPROJECT key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	141	262	296	243	226	74	159	55
Inventory Days	68	299	229	231	247	103	77	155
Days Payable	248	485	372	255	362	99	100	60
Cash Conversion Cycle	-40	76	153	219	111	79	136	151
Working Capital Days	112	305	357	361	306	192	44	40
ROCE %	12%	6%	5%	5%	7%	8%	19%	21%

HECPROJECTUpdated 18 Oct 2026, 1:23

Hec Infra Projects Ltd

HECPROJECTUpdated 18 Oct 2026, 1:23

Market Cap

₹123Cr.

Current Price

₹114

High / Low

₹160/92.1

Stock P/E

9.78

ROE21.2%

ROCE21.4%

Book Value₹60.7

Face Value₹10.0

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	13.26	0.58	12.45	0.09	0.06	0.26	26.92	0.2	0.2
Sep 2023	15.27	0.7	13.95	0.08	0.06	0.64	0	0.64	0.63
Dec 2023	17.09	0.51	15.76	3.01	0.05	3.78	0	3.78	3.73
Mar 2024	28.18	0.03	26.4	0.18	0	1.93	86.53	0.26	0.26
Jun 2024	18.02	0.25	16.8	0.23	0.1	1.1	22.73	0.84	0.83
Sep 2024	20.04	0.7	18.86	0.7	0.1	1.08	-13.89	1.23	1.21
Dec 2024	27.54	0.87	24.91	0.25	0.09	1.92	25.52	1.43	1.41
Mar 2025	46.5	1.26	38.79	1.01	-0.1	7.56	24.87	5.67	5.23
Jun 2025	27.91	0.73	25.31	0.01	0.14	1.74	23.56	1.33	1.23
Sep 2025	40.5	0.88	36.96	0.32	-0.07	3.05	26.56	2.23	2.06
Dec 2025	57.35	1.4	52.44	0.42	0.04	3.89	24.94	2.92	2.69
Mar 2026	50.73	0.93	41.63	0.79	0.04	8.92	31.61	6.1	5.63
Jun 2026	31.12	1.42	28.39	0.29	0.04	1.56	12.82	1.37	1.26

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	125	3	119	1	4	33	2	3.34
Mar 2016	116	3	109	1	4	35	3	2.52
Mar 2017	83	3	76	1	5	35	3	3.13
Mar 2018	82	4	74	1	5	32	3	3.31
Mar 2019	80	4	74	1	3	26	2	1.93
Mar 2020	39	3	36	1	1	28	1	0.53
Mar 2021	38	3	35	1	0	-94	0	0.31
Mar 2022	44	3	41	1	1	9	1	0.5
Mar 2023	52	3	48	1	1	34	1	0.78
Mar 2024	74	2	68	3	7	29	5	4.66
Mar 2025	112	3	98	1	12	21	9	8.53
Mar 2026	176	4	156	2	18	28	13	11.63
TTM	180	5	159	2	17	—	13	11.64

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.93%
Public	25.07%

Shareholding trend

Ownership over time%

Quarter	Promoters	DIIs	Public
Dec 2023	73.2%	8.52%	18.27%
Mar 2024	73.2%	8.52%	18.27%
Jun 2024	73.2%	8.52%	18.27%
Sep 2024	73.2%	8.52%	18.27%
Dec 2024	73.2%	5.86%	20.94%
Mar 2025	74.93%	5.48%	19.58%
Jun 2025	74.93%	5.48%	19.58%
Sep 2025	74.93%	5.48%	19.58%
Dec 2025	74.93%	5.48%	19.58%
Mar 2026	74.93%	0%	25.07%
Jun 2026	74.93%	0%	25.07%
Sep 2026	74.93%	0%	25.07%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	Investments	Other Assets	Total Assets
Mar 2015	1	11	24	43	80	3	1	76	80
Mar 2016	2	18	17	29	66	3	0	63	66
Mar 2017	2	21	23	26	72	3	0	69	72
Mar 2018	2	24	26	40	92	2	0	90	92
Mar 2019	2	26	29	35	91	2	0	89	91
Mar 2020	2	26	31	26	86	2	0	83	86
Mar 2021	2	27	31	24	84	2	0	82	84
Mar 2022	10	19	35	17	82	2	0	80	82
Mar 2023	10	20	31	23	85	2	0	83	85
Mar 2024	10	25	30	14	79	1	0	78	79
Mar 2025	11	42	38	18	109	1	0	108	109
Mar 2026	11	55	44	25	135	1	0	134	135

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	6	0	-5	1
Mar 2016	-2	0	2	0
Mar 2017	11	0	-8	3
Mar 2018	-2	0	2	0
Mar 2019	-4	0	3	-1
Mar 2020	-5	0	4	-1
Mar 2021	2	0	-1	0
Mar 2022	-4	0	2	-1
Mar 2023	7	0	-7	0
Mar 2024	7	4	-2	9
Mar 2025	-33	7	15	-11
Mar 2026	3	-5	3	0

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	77	96	146	217	141	262	296	243	226	74	159	55
Inventory Days	79	23	22	48	68	299	229	231	247	103	77	155
Days Payable	166	119	177	265	248	485	372	255	362	99	100	60
Cash Conversion Cycle	-10	0	-10	0	-40	76	153	219	111	79	136	151
Working Capital Days	11	33	24	61	112	305	357	361	306	192	44	40
ROCE %	18%	19%	19%	17%	12%	6%	5%	5%	7%	8%	19%	21%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of HEC INFRA PROJECTS LTD (HECPROJECT)?

The reported market capitalisation for HEC INFRA PROJECTS LTD (HECPROJECT) is ₹123Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of HECPROJECT?

The current price shown for HEC INFRA PROJECTS LTD (HECPROJECT) on Fincrux is ₹114 with a 52-week high/low of ₹160/92.1.

What is the P/E ratio of HEC INFRA PROJECTS LTD (HECPROJECT)?

The stock P/E for HEC INFRA PROJECTS LTD (HECPROJECT) is 9.78 on Fincrux, with ROE at 21.2% and ROCE at 21.4%.

What were HECPROJECT latest quarterly results?

For Jun 2026, HEC INFRA PROJECTS LTD (HECPROJECT) reported sales ₹31.12 Cr and net profit ₹1.37 Cr (figures in ₹ crore unless noted).

What are HECPROJECT annual sales and net profit?

For TTM, HEC INFRA PROJECTS LTD (HECPROJECT) shows sales of ₹180 Cr and net profit of ₹13 Cr on the Fincrux profit & loss statement.

Who owns HEC INFRA PROJECTS LTD (HECPROJECT)?

Latest shareholding for HEC INFRA PROJECTS LTD (HECPROJECT) on Fincrux: Promoters 74.93% (Sep 2026), DIIs 0.00% (Sep 2026), Public 25.07% (Sep 2026), No. of Shareholders 4,208% (Sep 2026).

Where can I find HEC INFRA PROJECTS LTD (HECPROJECT) financials?

HEC INFRA PROJECTS LTD (HECPROJECT) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show HECPROJECT balance sheet and cash flow?

Yes. The HEC INFRA PROJECTS LTD (HECPROJECT) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 1:23