HEC Infra Projects Ltd. AI Stock Analysis
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HEC Infra Projects Ltd. (HECPROJECT) AI Stock Analysis
HEC Infra Projects Ltd.
(NSE:HECPROJECT)
The overall score is constrained by significant financial weaknesses, particularly poor cash flow generation and a dramatic drop in gross margins, which raise sustainability concerns. Technical indicators reflect bearish momentum, with the stock trading below key moving averages. A low P/E ratio offers some valuation support, but it is insufficient to offset the fundamental and technical headwinds.
HEC Infra Projects Ltd. (HECPROJECT) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 1.10B
- Dividend Yield
- ―
- Average Volume (3M)
- 11.56K
- Price to Earnings (P/E)
- 9.0
- Beta (1Y)
- 1.41
- Revenue Growth
- 28.35%
- EPS Growth
- 16.26%
- Country
- India
- Employees
- 77
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
HEC Infra Projects Ltd. Business Overview & Revenue Model
Company Description
Established in Ahmedabad, India, in 2005, HEC Infra Projects Limited functions as an engineering, procurement, and construction (EPC) firm, specializing in electro-mechanical and instrumentation ventures across India. The company's extensive service...
HEC Infra Projects Ltd. Financial Statement Overview
Summary
Strong revenue growth (+44.7%) and improved balance sheet are offset by a severe gross margin contraction (55.5% to 12.2%) and extremely weak cash flow (operating cash flow of INR 2.0M vs. net income of INR 126.0M). The overall financial health is mixed, with profitability and liquidity concerns weighing heavily.
Income Statement
55NeutralBalance Sheet
75PositiveCash Flow
25Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.80B | 1.76B | 1.12B | 737.89M | 517.34M | 437.20M |
| Gross Profit | 444.71M | 216.01M | 622.62M | 379.35M | 282.84M | 189.63M |
| EBITDA | 210.04M | 201.55M | 149.98M | 54.20M | 22.58M | 34.00M |
| Net Income | 126.15M | 126.02M | 92.44M | 47.16M | 7.88M | 5.14M |
Balance Sheet | ||||||
| Total Assets | 0 | 1.35B | 1.06B | 789.96M | 847.99M | 819.00M |
| Cash, Cash Equivalents and Short-Term Investments | 157.47M | 157.47M | 20.33M | 114.90M | 29.43M | 27.22M |
| Total Debt | 0 | 443.80M | 378.87M | 302.11M | 312.98M | 351.34M |
| Total Liabilities | -657.37M | 697.43M | 530.25M | 441.34M | 546.54M | 525.40M |
| Stockholders Equity | 657.37M | 657.37M | 531.35M | 348.62M | 301.44M | 293.60M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 1.28M | -261.81M | 70.28M | 67.80M | -36.40M |
| Operating Cash Flow | 0 | 1.97M | -261.81M | 70.37M | 69.05M | -35.55M |
| Investing Cash Flow | 0 | -63.60M | 178.00K | 36.02M | 1.97M | 2.58M |
| Financing Cash Flow | 0 | 66.33M | 165.26M | -20.92M | -68.82M | 19.49M |
HEC Infra Projects Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HECPROJECT, the sentiment is Neutral. The current price of 104.70 is below the 20-day moving average (MA) of 105.90, below the 50-day MA of 112.06, and below the 200-day MA of 120.39, indicating a neutral trend. The MACD of -2.85 indicates Negative momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 35.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HECPROJECT.
HEC Infra Projects Ltd. Peers Comparison
Overall Rating
- IN:HECPROJECT52Neutral
IN:SADBHAV45Neutral
IN:TICL44Neutral
IN:MADHUCON40Underperform
IN:RKEC38Underperform
IN:AKASH32Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:HECPROJECT | 52Neutral | INR 1.08B | 8.99 | ― | ― | 28.35% | 16.26% |
| IN:SADBHAV | 45Neutral | INR 1.30B | 2.53 | ― | ― | -7.00% | ― |
| IN:TICL | 44Neutral | INR 1.11B | 15.94 | ― | ― | -24.90% | -87.43% |
| IN:MADHUCON | 40Underperform | INR 307.72M | -0.10 | ― | ― | -25.61% | 46.82% |
| IN:RKEC | 38Underperform | INR 489.89M | -0.96 | ― | ― | -70.62% | -400.50% |
| IN:AKASH | 32Underperform | INR 428.98M | 21.29 | ― | ― | 63.25% | 32.59% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:HECPROJECT | HEC Infra Projects Ltd. | 104.70 | -32.90 | -23.91% | |
| IN:AKASH | Akash Infra-Projects Ltd. | 25.55 | -1.44 | -5.34% | |
| IN:MADHUCON | Madhucon Projects Limited | 4.09 | -2.93 | -41.74% | |
| IN:RKEC | RKEC Projects Ltd. | 20.77 | -42.03 | -66.93% | |
| IN:SADBHAV | Sadbhav Engineering Limited | 7.59 | -3.85 | -33.65% | |
| IN:TICL | Twamev Construction And Infrastructure Limited | 7.39 | -24.60 | -76.90% |
HEC Infra Projects Ltd. Corporate Events
HEC Infra Projects to Support New Haryana Power Distribution Licence
HEC Infra Projects Ltd. announced that Eleven Power Private Limited, the lead member of a consortium in which HEC is a participant, has been granted an electricity distribution licence by the Haryana Electricity Regulatory Commission. The licence cov...
HEC Infra Projects bags Rs 6.75-crore transformer order from CESC
HEC Infra Projects Ltd. has received a work order worth Rs 6.75 crore from CESC Ltd. for the supply of two 20 MVA 33/11-6 KV power transformers, to be executed within six months. The company views this domestic contract as a prestigious assignment th...
HEC Infra Projects Starts Operations at Majority-Owned Grid Solutions Subsidiary
HEC Infra Projects Ltd. has announced that its subsidiary, Shivam Grid Solutions Private Ltd., in which it holds a 51% stake through initial subscription, has received its Commencement of Business approval as of September 30, 2026. The formal start o...
HEC Infra Projects Closes Trading Window Ahead of September 2026 Results
HEC Infra Projects Ltd. has announced the closure of its trading window for designated persons and their immediate relatives from 1 October 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduc...
HEC Infra Projects bags Rs 7.45 crore museum systems contract from Nakshatra Infra
HEC Infra Projects Ltd. has secured a work order worth Rs 7.45 crore from domestic contractor Nakshatra Infra for the supply, installation, testing and commissioning of electrical, HVAC, fire-fighting and fire detection systems at a museum in Old Lal...
HEC Infra Projects Sets 21st AGM, Formalizes Remote E‑Voting for Shareholders
HEC Infra Projects Ltd., an Indian infrastructure and engineering projects company listed on the National Stock Exchange, continues to align its corporate governance practices with evolving regulatory frameworks and digital communication standards. T...
HEC Infra Projects Publishes Q1 FY2026 Unaudited Results in Press
HEC Infra Projects Ltd. has announced that its unaudited financial results for the quarter ended June 30, 2026 have been approved by the board of directors in a meeting held on August 14, 2026. In line with Indian securities listing regulations, the...
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.
Date of analysis: Aug 18, 2026