HEC Infra Projects Ltd

NSE: HECPROJECT BSE: 532533

₹114.72

+1.67 (1.48%)

Fri, 23 Oct 2026, 06:49 am

MTF 5xInvest in HEC Infra Projects Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)114.61

PE Ratio9.86

Dividend0

Industrial Services

Engineering & Construction

24.5K

HEC Infra Projects Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-15.57M	-24.89M	-26.71M	-27.88M	-28.71M	-31.32M	-32.07M	-35.58M	-40.49M	-29.91M	-26.15M	-26.00M	-32.27M	-18.22M	-31.56M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	379.95M	431.94M	460.17M	563.82M	796.43M	661.34M	716.95M	924.28M	912.20M	855.72M	842.70M	819.00M	847.99M	789.96M	1.06B
Total current assets	329.31M	344.49M	372.42M	468.21M	681.45M	546.90M	545.74M	758.23M	794.95M	775.62M	777.64M	760.20M	775.09M	696.29M	681.88M
Cash and short term investments	14.98M	25.62M	12.27M	14.91M	21.07M	25.61M	55.24M	54.05M	44.47M	38.13M	40.71M	27.20M	29.43M	114.90M	20.33M
Cash & equivalents	12.73M	7.54M	166.00K	710.00K	799.71K	1.29M	16.42M	1.03M	79.78K	1.60M	1.44M	800.00K	691.00K	37.10M	9.27M
Short term investments	2.25M	18.08M	12.11M	14.20M	20.27M	24.32M	38.82M	53.03M	44.39M	36.53M	39.27M	26.40M	28.74M	77.81M	11.06M
Total receivables, net	239.79M	251.81M	279.14M	240.18M	458.76M	459.12M	459.95M	636.48M	653.99M	579.77M	588.53M	577.20M	587.74M	153.48M	478.46M
Accounts receivable - trade, net	233.56M	251.64M	275.83M	237.23M	263.79M	304.81M	332.99M	489.77M	308.61M	281.12M	304.85M	290.60M	301.06M	150.37M	475.06M
Other receivables	6.24M	177.00K	3.31M	2.95M	194.97M	154.31M	126.95M	146.71M	345.38M	298.65M	283.68M	286.60M	286.67M	3.10M	3.40M
Total inventory	39.07M	35.67M	33.43M	48.18M	201.63M	54.86M	30.56M	67.70M	93.98M	157.72M	148.40M	155.80M	157.92M	101.02M	97.52M
Other current assets, total	35.47M	31.39M	47.58M	164.94M	0	7.31M	0	0	2.51M	—	—	—	—	323.96M	83.39M
Total non-current assets	50.63M	87.46M	87.75M	95.61M	114.98M	114.44M	171.20M	166.05M	117.25M	80.10M	65.06M	58.80M	72.90M	93.67M	379.72M
Long term investments	0	0	0	0	85.09M	87.10M	145.97M	141.60M	94.90M	29.06M	18.70M	18.70M	34.74M	55.20M	141.94M
Note receivable - long term	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	85.09M	87.10M	145.97M	141.60M	94.90M	29.06M	18.70M	18.70M	34.74M	55.20M	141.94M
Net property/plant/equipment	25.65M	33.63M	31.99M	31.65M	29.89M	27.33M	25.23M	24.44M	22.36M	22.24M	21.88M	20.20M	19.29M	14.58M	13.14M
Gross property/plant/equipment	33.24M	37.79M	37.22M	38.66M	41.49M	41.33M	42.41M	43.78M	44.82M	47.22M	48.99M	48.22M	49.48M	44.33M	43.67M
Deferred tax assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	0	0	0	0	0	0	0	0	0	—	—	—	—	0	0
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	0	0	0	0	0	0	0	0	—	—	—	—	0	0
Other long term assets, total	24.98M	53.83M	55.76M	63.96M	0	0	0	0	0	28.79M	24.49M	19.90M	18.87M	23.89M	224.64M
Short term debt	77.85M	132.10M	155.41M	205.12M	193.83M	133.58M	179.92M	169.15M	160.36M	154.54M	128.90M	128.70M	100.37M	55.92M	375.66M
Current portion of LT debt and capital leases	0	0	0	0	9.67M	2.38M	2.10M	1.87M	8.49M	8.84M	14.41M	16.70M	18.64M	7.89M	9.25M
Short term debt excl. current portion of LT debt	77.85M	132.10M	155.41M	205.12M	184.17M	131.20M	177.82M	167.28M	151.87M	145.70M	114.49M	112.00M	81.73M	48.03M	366.41M
Accounts payable	175.35M	152.21M	139.35M	186.05M	422.07M	279.48M	246.88M	375.67M	343.77M	255.48M	241.04M	172.00M	231.45M	96.42M	117.06M
Income tax payable	—	—	—	—	—	—	—	—	—	—	—	—	—	2.21M	5.93M
Long term debt	48.39M	56.35M	62.58M	59.52M	45.92M	40.08M	46.69M	91.26M	125.75M	158.22M	182.20M	222.60M	212.61M	246.19M	3.21M
Long term debt excl. lease liabilities	48.39M	56.35M	62.58M	59.52M	45.92M	40.08M	46.69M	91.26M	125.75M	158.22M	182.20M	222.60M	212.61M	246.19M	3.21M
Total equity	71.94M	82.77M	93.01M	101.76M	123.31M	200.25M	229.44M	262.85M	279.94M	285.32M	288.42M	293.60M	301.44M	348.62M	531.35M
Shareholders' equity	71.94M	82.77M	93.01M	101.76M	123.31M	200.25M	229.44M	262.85M	279.94M	285.32M	288.42M	293.60M	301.44M	348.62M	531.35M
Common equity, total	71.94M	82.77M	93.01M	101.76M	123.31M	200.25M	229.44M	262.85M	279.94M	285.32M	288.42M	293.60M	301.44M	348.62M	531.35M
Other common equity	1.00M	1.00M	1.50M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M
Total debt	126.24M	188.45M	217.99M	264.63M	239.76M	173.66M	226.61M	260.41M	286.11M	312.76M	311.10M	351.30M	312.98M	302.11M	378.87M
Net debt	111.25M	162.83M	205.71M	249.72M	218.69M	148.05M	171.37M	206.35M	241.64M	274.62M	270.39M	324.10M	283.55M	187.20M	358.54M
Change in accounts receivable	36.66M	-18.08M	-24.20M	38.60M	-26.56M	-41.02M	-28.18M	-156.77M	181.16M	27.48M	-23.72M	14.30M	-10.52M	169.56M	-324.69M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-11.68M	-23.14M	-12.85M	46.70M	254.74M	-142.59M	-32.59M	128.79M	-31.90M	-88.30M	-14.43M	-69.00M	59.46M	-135.03M	20.64M
Change in other assets/liabilities	6.77M	66.53M	3.73M	-62.00M	-64.89M	-30.73M	86.31M	-15.92M	-217.54M	49.79M	20.51M	-800.00K	1.90M	-47.03M	-55.09M
Sale of fixed assets & businesses	0	0	659.00K	0	0	310.00K	13.00K	255.00K	0	0	80.00K	200.00K	0	34.50M	178.00K
Purchase/sale of investments, net	0	0	1.29M	-3.98M	283.70K	0	0	0	0	0	0	0	0	0	0
Sale/maturity of investments	0	0	1.29M	—	283.70K	0	0	0	0	0	0	0	0	0	0
Purchase of investments	0	0	0	-3.98M	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items, total	2.48M	2.60M	2.77M	2.77M	2.99M	3.18M	3.48M	3.29M	3.12M	2.81M	2.68M	3.20M	3.23M	1.61M	0
Issuance/retirement of debt, net	-18.01M	-20.89M	4.29M	-11.26M	-13.59M	-5.85M	6.61M	44.59M	19.08M	26.30M	-7.23M	38.00M	-40.32M	-10.88M	76.77M
Issuance/retirement of long term debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of short term debt	-27.84M	-28.84M	-1.94M	-8.20M	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	9.83M	7.96M	6.23M	-3.06M	-13.59M	-5.85M	6.61M	44.59M	19.08M	26.30M	-7.23M	38.00M	-40.32M	-10.88M	76.77M
Total cash dividends paid	0	0	0	0	0	0	0	-2.44M	-2.44M	0	0	0	0	0	0
Other financing cash flow items, total	0	0	495.00K	-495.00K	-14.37M	-2.01M	-58.87M	4.37M	46.71M	37.02M	14.67M	4.60M	-15.04M	0	0

Particulars	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-15.57M	-24.89M	-26.71M	-27.88M	-28.71M	-31.32M	-32.07M	-35.58M	-40.49M	-29.91M	-26.15M	-26.00M	-32.27M	-18.22M	-31.56M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	379.95M	431.94M	460.17M	563.82M	796.43M	661.34M	716.95M	924.28M	912.20M	855.72M	842.70M	819.00M	847.99M	789.96M	1.06B
Total current assets	329.31M	344.49M	372.42M	468.21M	681.45M	546.90M	545.74M	758.23M	794.95M	775.62M	777.64M	760.20M	775.09M	696.29M	681.88M
Cash and short term investments	14.98M	25.62M	12.27M	14.91M	21.07M	25.61M	55.24M	54.05M	44.47M	38.13M	40.71M	27.20M	29.43M	114.90M	20.33M
Cash & equivalents	12.73M	7.54M	166.00K	710.00K	799.71K	1.29M	16.42M	1.03M	79.78K	1.60M	1.44M	800.00K	691.00K	37.10M	9.27M
Short term investments	2.25M	18.08M	12.11M	14.20M	20.27M	24.32M	38.82M	53.03M	44.39M	36.53M	39.27M	26.40M	28.74M	77.81M	11.06M
Total receivables, net	239.79M	251.81M	279.14M	240.18M	458.76M	459.12M	459.95M	636.48M	653.99M	579.77M	588.53M	577.20M	587.74M	153.48M	478.46M
Accounts receivable - trade, net	233.56M	251.64M	275.83M	237.23M	263.79M	304.81M	332.99M	489.77M	308.61M	281.12M	304.85M	290.60M	301.06M	150.37M	475.06M
Other receivables	6.24M	177.00K	3.31M	2.95M	194.97M	154.31M	126.95M	146.71M	345.38M	298.65M	283.68M	286.60M	286.67M	3.10M	3.40M
Total inventory	39.07M	35.67M	33.43M	48.18M	201.63M	54.86M	30.56M	67.70M	93.98M	157.72M	148.40M	155.80M	157.92M	101.02M	97.52M
Other current assets, total	35.47M	31.39M	47.58M	164.94M	0	7.31M	0	0	2.51M	—	—	—	—	323.96M	83.39M
Total non-current assets	50.63M	87.46M	87.75M	95.61M	114.98M	114.44M	171.20M	166.05M	117.25M	80.10M	65.06M	58.80M	72.90M	93.67M	379.72M
Long term investments	0	0	0	0	85.09M	87.10M	145.97M	141.60M	94.90M	29.06M	18.70M	18.70M	34.74M	55.20M	141.94M
Note receivable - long term	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	85.09M	87.10M	145.97M	141.60M	94.90M	29.06M	18.70M	18.70M	34.74M	55.20M	141.94M
Net property/plant/equipment	25.65M	33.63M	31.99M	31.65M	29.89M	27.33M	25.23M	24.44M	22.36M	22.24M	21.88M	20.20M	19.29M	14.58M	13.14M
Gross property/plant/equipment	33.24M	37.79M	37.22M	38.66M	41.49M	41.33M	42.41M	43.78M	44.82M	47.22M	48.99M	48.22M	49.48M	44.33M	43.67M
Deferred tax assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	0	0	0	0	0	0	0	0	0	—	—	—	—	0	0
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	0	0	0	0	0	0	0	0	—	—	—	—	0	0
Other long term assets, total	24.98M	53.83M	55.76M	63.96M	0	0	0	0	0	28.79M	24.49M	19.90M	18.87M	23.89M	224.64M
Short term debt	77.85M	132.10M	155.41M	205.12M	193.83M	133.58M	179.92M	169.15M	160.36M	154.54M	128.90M	128.70M	100.37M	55.92M	375.66M
Current portion of LT debt and capital leases	0	0	0	0	9.67M	2.38M	2.10M	1.87M	8.49M	8.84M	14.41M	16.70M	18.64M	7.89M	9.25M
Short term debt excl. current portion of LT debt	77.85M	132.10M	155.41M	205.12M	184.17M	131.20M	177.82M	167.28M	151.87M	145.70M	114.49M	112.00M	81.73M	48.03M	366.41M
Accounts payable	175.35M	152.21M	139.35M	186.05M	422.07M	279.48M	246.88M	375.67M	343.77M	255.48M	241.04M	172.00M	231.45M	96.42M	117.06M
Income tax payable	—	—	—	—	—	—	—	—	—	—	—	—	—	2.21M	5.93M
Long term debt	48.39M	56.35M	62.58M	59.52M	45.92M	40.08M	46.69M	91.26M	125.75M	158.22M	182.20M	222.60M	212.61M	246.19M	3.21M
Long term debt excl. lease liabilities	48.39M	56.35M	62.58M	59.52M	45.92M	40.08M	46.69M	91.26M	125.75M	158.22M	182.20M	222.60M	212.61M	246.19M	3.21M
Total equity	71.94M	82.77M	93.01M	101.76M	123.31M	200.25M	229.44M	262.85M	279.94M	285.32M	288.42M	293.60M	301.44M	348.62M	531.35M
Shareholders' equity	71.94M	82.77M	93.01M	101.76M	123.31M	200.25M	229.44M	262.85M	279.94M	285.32M	288.42M	293.60M	301.44M	348.62M	531.35M
Common equity, total	71.94M	82.77M	93.01M	101.76M	123.31M	200.25M	229.44M	262.85M	279.94M	285.32M	288.42M	293.60M	301.44M	348.62M	531.35M
Other common equity	1.00M	1.00M	1.50M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M	1.00M
Total debt	126.24M	188.45M	217.99M	264.63M	239.76M	173.66M	226.61M	260.41M	286.11M	312.76M	311.10M	351.30M	312.98M	302.11M	378.87M
Net debt	111.25M	162.83M	205.71M	249.72M	218.69M	148.05M	171.37M	206.35M	241.64M	274.62M	270.39M	324.10M	283.55M	187.20M	358.54M
Change in accounts receivable	36.66M	-18.08M	-24.20M	38.60M	-26.56M	-41.02M	-28.18M	-156.77M	181.16M	27.48M	-23.72M	14.30M	-10.52M	169.56M	-324.69M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-11.68M	-23.14M	-12.85M	46.70M	254.74M	-142.59M	-32.59M	128.79M	-31.90M	-88.30M	-14.43M	-69.00M	59.46M	-135.03M	20.64M
Change in other assets/liabilities	6.77M	66.53M	3.73M	-62.00M	-64.89M	-30.73M	86.31M	-15.92M	-217.54M	49.79M	20.51M	-800.00K	1.90M	-47.03M	-55.09M
Sale of fixed assets & businesses	0	0	659.00K	0	0	310.00K	13.00K	255.00K	0	0	80.00K	200.00K	0	34.50M	178.00K
Purchase/sale of investments, net	0	0	1.29M	-3.98M	283.70K	0	0	0	0	0	0	0	0	0	0
Sale/maturity of investments	0	0	1.29M	—	283.70K	0	0	0	0	0	0	0	0	0	0
Purchase of investments	0	0	0	-3.98M	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items, total	2.48M	2.60M	2.77M	2.77M	2.99M	3.18M	3.48M	3.29M	3.12M	2.81M	2.68M	3.20M	3.23M	1.61M	0
Issuance/retirement of debt, net	-18.01M	-20.89M	4.29M	-11.26M	-13.59M	-5.85M	6.61M	44.59M	19.08M	26.30M	-7.23M	38.00M	-40.32M	-10.88M	76.77M
Issuance/retirement of long term debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of short term debt	-27.84M	-28.84M	-1.94M	-8.20M	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	9.83M	7.96M	6.23M	-3.06M	-13.59M	-5.85M	6.61M	44.59M	19.08M	26.30M	-7.23M	38.00M	-40.32M	-10.88M	76.77M
Total cash dividends paid	0	0	0	0	0	0	0	-2.44M	-2.44M	0	0	0	0	0	0
Other financing cash flow items, total	0	0	495.00K	-495.00K	-14.37M	-2.01M	-58.87M	4.37M	46.71M	37.02M	14.67M	4.60M	-15.04M	0	0