Company Overview

HEC Infra Projects Limited is a prominent engineering, procurement, and construction (EPC) contractor specializing in electro-mechanical and instrumentation projects within India. The company holds significant registrations, including 'Class A' EPC contractor status with the Roads and Building Department of the Government of Gujarat, and is a Class-1 registered contractor with the Central Public Works Department. Incorporated in 2005, HEC Infra Projects Ltd is headquartered in Ahmedabad, Gujarat, and operates primarily in the Engineering - Turnkey Services sector.

As a leading player in the infrastructure domain, HEC Infra Projects Ltd excels in extra high voltage transmission and distribution projects. They provide comprehensive, end-to-end services encompassing design, supply, installation, and commissioning for a wide array of projects. These include overhead transmission lines, substations, underground cable laying, switchyards, water pumping stations, lighting systems, industrial and commercial electrification, solar photovoltaic (PV) plants, extra low voltage (ELV) systems, battery energy storage systems, and mini/micro grid solar projects.

Service Portfolio and Market Presence

The company's extensive service portfolio addresses various critical infrastructure needs. This includes services for:

- Transmission and Substation Projects

- Water Management Systems

- Smart Lighting Systems (including industrial plant, river front, and highway lighting solutions)

- Public Address Systems

- Solar Rooftops and Power Plants

- Building Management Systems

- Air Conditioning Systems

- Fire, Security, and Nurse Calling Systems

- Engineering Consulting Services

- Industrial and Commercial Electrification

- Battery Energy Storage Systems (BESS)

- Mini/Micro Grid Solar Projects

- Extra Low Voltage (ELV) Systems

- Switchyards, Overhead Transmission Lines, and Underground Cable Laying

- Extra-High Voltage Cable and Communication Backbone Networks

- Computer Networking, Fire Alarm Systems, Door Access Control, and CCTV Control

- Water Pumping Stations

- EPC and installation of Indoor and Outdoor Lighting

HEC Infra Projects Ltd serves a diverse range of industries, demonstrating its adaptability and broad expertise. Key sectors include:

- Steel

- Chemical

- Cement

- Refineries

- Petrochemicals

- Gas and Oil Sector

- Textile

- Pharmaceuticals

- Power Generation Plants

- Ports

- Commercial Centers, Banks, Malls, Multiplexes

- Call Centers, Software Parks, and Special Economic Zones (SEZs)

This wide client base underscores the company's capacity to tailor its engineering solutions across multiple industrial verticals.

Financial Performance and Market Capitalization

As of May 22, 2025, HEC Infra Projects approved its FY25 audited standalone results, reporting a net profit of ₹924.35 Lakhs. The company announced its Audited Financial Results for Q4 FY25 & FY25, highlighting that the FY25 net profit nearly doubled, and sales rose to ₹1.12 billion.

The company exhibits a market capitalization of ₹143 Crore (an increase of 50.8% in 1 year), with a revenue of ₹112 Crore and a profit of ₹9.24 Crore.

Key Financial Metrics (as of April 2025):

- Market Capitalisation: ₹110.32 Crore (as of Apr 30, 2025)

- Current PE Ratio: 29.42

- Current PB Ratio: 2.40

- Annual Revenue Growth: 47%

- ROE (Return on Equity): 17%

- Debt to Equity Ratio: 1%

Recent Financial Performance

In Q3 FY25, revenue from operations increased by 61.24% to ₹27.54 Crore compared to Q3 FY24. However, the company's standalone net profit saw a decline of 62.06% to ₹1.43 Crore in Q3 FY25 from ₹3.77 Crore in Q3 FY24. Despite this quarterly profit dip, the company demonstrated strong annual performance, with its FY25 net profit nearly doubling.

Recent Order Wins and Business Developments

HEC Infra Projects Ltd has been actively securing new orders, reflecting its strong market position. The company's shares saw a 5% rise after it secured a ₹12.50 Crore order from Ahmedabad Municipal Corporation for upgrading electro-mechanical works. Additionally, HEC Infra Projects received a work order for the engineering, procurement, and construction (EPC) of a 66 kV double-circuit transmission line project, valued at ₹9.62 Crore, which is scheduled for execution within 3 months.

Stock Performance and Trading Information

The 52-week high price for HEC Infra Projects Ltd (HECPROJECT) on the NSE is ₹168.53, and the 52-week low is ₹79.10. Over the last 12 months, the share price has moved up by 21.54% on NSE. In the last 3 years, the share price has shown a substantial increase of 216.58% on NSE.

Corporate Governance and Management

Promoter Holding: 74.9%, indicating robust promoter confidence in the company's business prospects.

Key Management:

- Chairman: Gaurang Shah

- Company Secretary & Compliance Officer: Khushi Bhatt

Auditor: Paresh Thothawala & Co.

HEC Infra Projects Ltd stands out as a specialized infrastructure development company with a focused expertise in electrical and electro-mechanical projects. Its diversified service portfolio, robust order book, and consistent financial growth position it as a significant player in India's infrastructure development sector. While the company consistently reports profits, it currently does not pay dividends, suggesting a strategic focus on reinvesting earnings for future growth and expansion.