{
  "main_header": {
    "sid": 448610,
    "name": "HEC Infra Proj.",
    "stock_name": "HEC Infra Proj.",
    "full_name": "HEC Infra Projects Ltd",
    "name_url": "stocks-analysis/hec-infra-proj",
    "exchange": 1,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "130.13",
    "chg": 5.47,
    "chgp": "4.39%",
    "dir": 1,
    "prev_price": "124.66",
    "mcapval": "135.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": "",
    "symbol": "HECPROJECT",
    "ind_name": "Construction",
    "ind_code": 49,
    "indexname": "",
    "isin": "INE558R01013",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": 7783,
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/hec-infra-proj-448610-1&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "HEC Infra Proj. Sees Revision in Market Assessment Amid Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/marketsmojo-downgrades-hec-infra-proj-from-buy-to-hold-amid-score-decline-3748377",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/HECInfraProj_mojoScore_3748377.png",
        "date": "2025-12-05 10:10:08",
        "description": "HEC Infra Proj., a microcap player in the construction sector, has experienced a revision in its market evaluation reflecting a nuanced shift in its fundamental and technical outlook. This adjustment comes amid a backdrop of mixed performance indicators and evolving market conditions."
      },
      {
        "title": "Why is HEC Infra Proj. falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-hec-infra-proj-fallingrising-3729725",
        "imagepath": "",
        "date": "2025-11-26 00:48:39",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>HEC Infra Projects’ share price has underperformed significantly over the past week and month, with declines of 7.49% and 6.52% respectively, compared to the Sensex’s relatively flat or positive returns during the same periods. This recent weakness contrasts with the stock’s year-to-date performance, which remains positive at 10.65%, slightly ahead of the Sensex’s 9.47% gain. However, over the last year, the stock has lagged the benchmark, posting a negative return of 1.67% against the Sensex’s 6.87% rise.</p>\n<p>On the day in question, the stock underperformed its sector by 1.73%, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such technical positioning often signals short-ter..."
      },
      {
        "title": "How has been the historical performance of HEC Infra Proj.?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-hec-infra-proj-3729563",
        "imagepath": "",
        "date": "2025-11-25 22:48:22",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Revenue and Profitability Trends</strong></p>\n<p>Over the past six years, HEC Infra Proj. has seen its net sales rise from ₹37.56 crores in March 2021 to ₹112.10 crores in March 2025, reflecting a robust growth trajectory. This surge is particularly notable given the dip in sales observed in 2020 and 2021, likely impacted by broader economic challenges. The company’s operating profit margin, excluding other income, has also improved significantly, reaching 12.44% in the latest fiscal year compared to a modest 6.12% in 2021. This margin expansion indicates enhanced operational efficiency and cost management.</p>\n<p>Profit after tax (PAT) has mirrored this upward trend, climbing from a low of ₹0.31 crores in 2021 to ₹9.24 crores in 2025. Correspondingly, the PAT margin improved from 0.83% to 8..."
      },
      {
        "title": "Why is HEC Infra Proj. falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-hec-infra-proj-fallingrising-3702336",
        "imagepath": "",
        "date": "2025-11-14 21:48:48",
        "description": "As of 14-Nov, HEC Infra Projects Ltd is experiencing a decline in its stock price, currently at 137.60, reflecting a decrease of 5.75 or 4.01%. The stock has underperformed its sector by 4.88% today, and while it is trading above its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has shown a slight decline of 0.29%, and its performance over the last year has been notably poor, with a return of -9.74% compared to a 10.10% gain in the Sensex. Despite positive long-term growth indicators, such as a 36.27% annual increase in net sales and a 61.06% rise in operating profit, the stock's recent performance is hindered by poor management efficiency and a high Debt to EBITDA ratio of 6.67 times, which raises concerns about its ability to service debt.\n\nIn the broader market context, the stock's short-term performance has lagged behind the ben..."
      },
      {
        "title": "Is HEC Infra Proj. overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-hec-infra-proj-overvalued-or-undervalued-3700064",
        "imagepath": "",
        "date": "2025-11-14 08:08:30",
        "description": "As of 13 November 2025, the valuation grade for HEC Infra Proj. has moved from fair to attractive, indicating a more favorable outlook for the company. The analysis suggests that HEC Infra Proj. is undervalued, especially when considering its PE ratio of 14.57, EV to EBIT of 10.71, and ROCE of 19.56%. \n\nIn comparison to peers, HEC Infra Proj. stands out with a PEG ratio of 0.23, while Elitecon International is deemed very expensive with a PE ratio of 320.89, and PTC India, which is very attractive, has a PE of 7.67. Although HEC Infra Proj. has underperformed in the 1Y period with a return of -5.97% compared to the Sensex's 9.85%, its strong fundamentals and attractive valuation suggest potential for future growth...."
      },
      {
        "title": "Are HEC Infra Proj. latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-hec-infra-proj-latest-results-good-or-bad-3698261",
        "imagepath": "",
        "date": "2025-11-13 19:26:45",
        "description": "HEC Infra Projects has reported its Q2 FY26 results, showcasing a significant year-on-year revenue growth of 102.10%, with net sales reaching ₹40.50 crores compared to ₹20.04 crores in the same quarter last year. This performance reflects strong demand and effective execution of its order book, particularly in the electro-mechanical and solar EPC segments. The company's net profit also saw an increase of 81.30%, amounting to ₹2.23 crores, indicating a positive trend in profitability.\n\nHowever, while the revenue figures are impressive, the operating margin has contracted to 8.72%, down from 19.20% in the previous quarter, raising concerns about the sustainability of profitability as the company scales its operations. The profit after tax margin stands at 5.51%, which, although improved from the prior year's 6.14%, remains below the levels achieved in Q4 FY25. This margin pressure suggests that the rapid expa..."
      },
      {
        "title": "HEC Infra Projects Reports Significant Growth Amidst Dynamic Construction Sector Landscape",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/hec-infra-projects-financial-trend-improves-from-positive-to-very-positive-with-strong-growth-metrics-3697368",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HECInfraProject_fintrenddot_3697368.png",
        "date": "2025-11-13 11:01:58",
        "description": "HEC Infra Projects has reported strong financial results for the quarter ending September 2025, with net sales of Rs 40.50 crore and significant growth in profit metrics. The company's return on capital employed reached 18.36%, reflecting efficient capital use, while its stock performance has shown resilience against the Sensex."
      },
      {
        "title": "HEC Infra Projects Q2 FY26: Strong Revenue Surge Masks Margin Pressure",
        "link": "https://www.marketsmojo.com/news/result-analysis/hec-infra-projects-q2-fy26-strong-revenue-surge-masks-margin-pressure-3697825",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HECInfraProject_quaterlyResult_3697825.png",
        "date": "2025-11-13 09:25:29",
        "description": "HEC Infra Projects Ltd., a specialised EPC company focused on electro-mechanical systems and solar projects, reported robust revenue growth in Q2 FY26, though profitability metrics revealed a more nuanced picture. The Ahmedabad-based micro-cap construction firm posted net profit of ₹2.23 crores for the quarter ended September 2025, representing an 81.30% surge year-on-year but a more modest 67.67% increase sequentially from Q1 FY26's ₹1.33 crores."
      },
      {
        "title": "How has been the historical performance of HEC Infra Proj.?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-hec-infra-proj-3695083",
        "imagepath": "",
        "date": "2025-11-13 00:06:41",
        "description": "Answer:\nThe historical performance of HEC Infra Proj. shows significant growth in net sales and profitability over the years, particularly from March 2023 to March 2025.\n\nBreakdown:\nHEC Infra Proj. has demonstrated a strong upward trend in net sales, increasing from 51.73 Cr in March 2023 to 112.10 Cr in March 2025. This growth is reflected in the total operating income, which also rose from 51.73 Cr to 112.10 Cr during the same period. The company's total expenditure, excluding depreciation, increased from 48.43 Cr in March 2023 to 98.15 Cr in March 2025, but the operating profit (PBDIT) surged from 4.64 Cr to 15.00 Cr, indicating improved operational efficiency. Profit before tax followed suit, climbing from 1.20 Cr in March 2023 to 11.70 Cr in March 2025, while profit after tax saw a remarkable increase from 0.79 Cr to 9.24 Cr. The earnings per share (EPS) also rose significantly from 0.78 in March 2023 ..."
      }
    ],
    "total": 277,
    "sid": "448610",
    "stock_news_url": "https://www.marketsmojo.com/news/hec-infra-projects-448610"
  },
  "announcements": [
    {
      "details": "HEC Infra Projects Limited has informed the Exchange regarding Board meeting held on November 14, 2019.",
      "source": "NSE",
      "caption": "HEC Infra Projects Limited - Outcome of Board Meeting",
      "datetime": "14-Nov-2019"
    },
    {
      "details": "HEC Infra Projects Limited has informed the Exchange regarding 'Submission under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018'.",
      "source": "NSE",
      "caption": "HEC Infra Projects Limited - Updates",
      "datetime": "09-Oct-2019"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "HEC Infra Projects Ltd has declared <strong>10%</strong> dividend, ex-date: 19 Sep 18",
          "dt": "2018-09-19",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "",
      "data": [
        {
          "txt": "HEC Infra Projects Ltd has announced <strong>4:1</strong> bonus issue, ex-date: 07 Oct 21",
          "dt": "2021-10-07",
          "middle_text": "Bonus Alert"
        }
      ]
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

HEC Infra Proj. Sees Revision in Market Assessment Amid Mixed Financial Signals

2025-12-05 10:10:08

HEC Infra Proj., a microcap player in the construction sector, has experienced a revision in its market evaluation reflecting a nuanced shift in its fundamental and technical outlook. This adjustment comes amid a backdrop of mixed performance indicators and evolving market conditions.

Read More

Why is HEC Infra Proj. falling/rising?

2025-11-26 00:48:39

Recent Price Movement and Market Context

HEC Infra Projects’ share price has underperformed significantly over the past week and month, with declines of 7.49% and 6.52% respectively, compared to the Sensex’s relatively flat or positive returns during the same periods. This recent weakness contrasts with the stock’s year-to-date performance, which remains positive at 10.65%, slightly ahead of the Sensex’s 9.47% gain. However, over the last year, the stock has lagged the benchmark, posting a negative return of 1.67% against the Sensex’s 6.87% rise.

On the day in question, the stock underperformed its sector by 1.73%, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such technical positioning often signals short-ter...

Read More

How has been the historical performance of HEC Infra Proj.?

2025-11-25 22:48:22

Revenue and Profitability Trends

Over the past six years, HEC Infra Proj. has seen its net sales rise from ₹37.56 crores in March 2021 to ₹112.10 crores in March 2025, reflecting a robust growth trajectory. This surge is particularly notable given the dip in sales observed in 2020 and 2021, likely impacted by broader economic challenges. The company’s operating profit margin, excluding other income, has also improved significantly, reaching 12.44% in the latest fiscal year compared to a modest 6.12% in 2021. This margin expansion indicates enhanced operational efficiency and cost management.

Profit after tax (PAT) has mirrored this upward trend, climbing from a low of ₹0.31 crores in 2021 to ₹9.24 crores in 2025. Correspondingly, the PAT margin improved from 0.83% to 8...

Read More

Why is HEC Infra Proj. falling/rising?

2025-11-14 21:48:48

As of 14-Nov, HEC Infra Projects Ltd is experiencing a decline in its stock price, currently at 137.60, reflecting a decrease of 5.75 or 4.01%. The stock has underperformed its sector by 4.88% today, and while it is trading above its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has shown a slight decline of 0.29%, and its performance over the last year has been notably poor, with a return of -9.74% compared to a 10.10% gain in the Sensex. Despite positive long-term growth indicators, such as a 36.27% annual increase in net sales and a 61.06% rise in operating profit, the stock's recent performance is hindered by poor management efficiency and a high Debt to EBITDA ratio of 6.67 times, which raises concerns about its ability to service debt. In the broader market context, the stock's short-term performance has lagged behind the ben...

Read More

Is HEC Infra Proj. overvalued or undervalued?

2025-11-14 08:08:30

As of 13 November 2025, the valuation grade for HEC Infra Proj. has moved from fair to attractive, indicating a more favorable outlook for the company. The analysis suggests that HEC Infra Proj. is undervalued, especially when considering its PE ratio of 14.57, EV to EBIT of 10.71, and ROCE of 19.56%. In comparison to peers, HEC Infra Proj. stands out with a PEG ratio of 0.23, while Elitecon International is deemed very expensive with a PE ratio of 320.89, and PTC India, which is very attractive, has a PE of 7.67. Although HEC Infra Proj. has underperformed in the 1Y period with a return of -5.97% compared to the Sensex's 9.85%, its strong fundamentals and attractive valuation suggest potential for future growth....

Read More

Are HEC Infra Proj. latest results good or bad?

2025-11-13 19:26:45

HEC Infra Projects has reported its Q2 FY26 results, showcasing a significant year-on-year revenue growth of 102.10%, with net sales reaching ₹40.50 crores compared to ₹20.04 crores in the same quarter last year. This performance reflects strong demand and effective execution of its order book, particularly in the electro-mechanical and solar EPC segments. The company's net profit also saw an increase of 81.30%, amounting to ₹2.23 crores, indicating a positive trend in profitability. However, while the revenue figures are impressive, the operating margin has contracted to 8.72%, down from 19.20% in the previous quarter, raising concerns about the sustainability of profitability as the company scales its operations. The profit after tax margin stands at 5.51%, which, although improved from the prior year's 6.14%, remains below the levels achieved in Q4 FY25. This margin pressure suggests that the rapid expa...

Read More

HEC Infra Projects Reports Significant Growth Amidst Dynamic Construction Sector Landscape

2025-11-13 11:01:58

HEC Infra Projects has reported strong financial results for the quarter ending September 2025, with net sales of Rs 40.50 crore and significant growth in profit metrics. The company's return on capital employed reached 18.36%, reflecting efficient capital use, while its stock performance has shown resilience against the Sensex.

Read More

HEC Infra Projects Q2 FY26: Strong Revenue Surge Masks Margin Pressure

2025-11-13 09:25:29

HEC Infra Projects Ltd., a specialised EPC company focused on electro-mechanical systems and solar projects, reported robust revenue growth in Q2 FY26, though profitability metrics revealed a more nuanced picture. The Ahmedabad-based micro-cap construction firm posted net profit of ₹2.23 crores for the quarter ended September 2025, representing an 81.30% surge year-on-year but a more modest 67.67% increase sequentially from Q1 FY26's ₹1.33 crores.

Read More

How has been the historical performance of HEC Infra Proj.?

2025-11-13 00:06:41

Answer: The historical performance of HEC Infra Proj. shows significant growth in net sales and profitability over the years, particularly from March 2023 to March 2025. Breakdown: HEC Infra Proj. has demonstrated a strong upward trend in net sales, increasing from 51.73 Cr in March 2023 to 112.10 Cr in March 2025. This growth is reflected in the total operating income, which also rose from 51.73 Cr to 112.10 Cr during the same period. The company's total expenditure, excluding depreciation, increased from 48.43 Cr in March 2023 to 98.15 Cr in March 2025, but the operating profit (PBDIT) surged from 4.64 Cr to 15.00 Cr, indicating improved operational efficiency. Profit before tax followed suit, climbing from 1.20 Cr in March 2023 to 11.70 Cr in March 2025, while profit after tax saw a remarkable increase from 0.79 Cr to 9.24 Cr. The earnings per share (EPS) also rose significantly from 0.78 in March 2023 ...

Read More

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