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HEC Infra Projects (HECPROJECT)₹104.58+1.38%Civil Construction
In the Mar 2026 quarter (standalone), HEC Infra Projects reported sales of ₹50.77 Cr, up 9.2% from Mar 2025, and net profit of ₹6.09 Cr, up 7.6% year on year. For the year to Mar 2026, sales were ₹176 Cr and net profit ₹12.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.27 | 15.26 | 17.10 | 28.17 | 18.03 | 20.05 | 27.55 | 46.51 | 27.89 | 40.48 | 57.32 | 50.77 |
| Expenses | 12.41 | 13.92 | 15.71 | 26.33 | 16.74 | 18.81 | 24.85 | 38.68 | 25.25 | 36.86 | 52.30 | 41.50 |
| Operating Profit | 0.82 | 1.33 | 1.34 | 1.79 | 1.23 | 1.19 | 2.64 | 7.73 | 2.61 | 3.55 | 4.92 | 9.12 |
| OPM % | 6.1% | 8.7% | 7.8% | 6.3% | 6.8% | 5.9% | 9.6% | 16.7% | 9.4% | 8.8% | 8.6% | 18.0% |
| Other Income | 0.08 | 0.07 | 3.00 | 0.17 | 0.22 | 0.69 | 0.24 | 1.00 | 0.00 | 0.31 | 0.41 | 0.78 |
| Interest | 0.57 | 0.69 | 0.50 | 0.02 | 0.24 | 0.69 | 0.86 | 1.25 | 0.72 | 0.87 | 1.39 | 0.92 |
| Depreciation | 0.05 | 0.05 | 0.06 | 0.00 | 0.09 | 0.09 | 0.08 | −0.09 | 0.15 | −0.06 | 0.03 | 0.03 |
| Profit before tax | 0.27 | 0.65 | 3.79 | 1.94 | 1.11 | 1.09 | 1.93 | 7.57 | 1.75 | 3.06 | 3.90 | 8.94 |
| Tax % | 27.0% | 0.0% | 0.0% | 86.6% | 22.8% | −13.8% | 25.6% | 24.9% | 23.6% | 26.6% | 25.0% | 31.7% |
| Net Profit | 0.19 | 0.63 | 3.77 | 0.25 | 0.83 | 1.24 | 1.42 | 5.66 | 1.34 | 2.22 | 2.91 | 6.09 |
| EPS (Rs) | 0.19 | 0.62 | 3.72 | 0.25 | 0.82 | 1.20 | 1.40 | 5.21 | 1.22 | 2.05 | 2.68 | 5.61 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 116 | 82.99 | 82.01 | 79.99 | 38.98 | 38.01 | 43.98 | 52.04 | 73.97 | 112 | 176 | 176 |
| Expenses | 109 | 75.73 | 73.71 | 73.72 | 35.90 | 34.87 | 40.86 | 47.82 | 67.83 | 97.73 | 156 | 156 |
| Operating Profit | 7.02 | 8.02 | 8.02 | 6.01 | 3.01 | 2.01 | 3.01 | 3.01 | 5.01 | 14.03 | 20.05 | 20.20 |
| OPM % | 6.0% | 9.1% | 10.1% | 7.1% | 8.1% | 6.0% | 6.0% | 6.0% | 7.0% | 12.1% | 11.0% | 11.5% |
| Other Income | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 2.99 | 0.99 | 1.99 | 1.50 |
| Interest | 2.99 | 2.99 | 3.99 | 3.99 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 | 2.99 | 3.99 | 3.90 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 |
| Profit before tax | 4.01 | 5.01 | 5.01 | 3.01 | 1.01 | 0.00 | 1.01 | 1.01 | 7.01 | 12.02 | 18.04 | 17.65 |
| Tax % | 35.1% | 35.1% | 32.0% | 26.1% | 28.1% | −93.9% | 9.1% | 34.1% | 29.1% | 21.0% | 28.1% | — |
| Exceptional items | −0.02 | 0.00 | 0.06 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 2.22 | 0.00 | 0.00 | — |
| Net Profit | 2.99 | 2.99 | 3.01 | 2.01 | 1.01 | 0.00 | 0.99 | 0.99 | 4.99 | 8.99 | 12.99 | 12.56 |
| EPS (Rs) | 2.51 | 3.12 | 3.30 | 1.92 | 0.52 | 0.30 | 0.49 | 0.77 | 4.64 | 8.50 | 11.59 | 11.56 |
| Dividend payout % | 8.0% | 6.0% | 6.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 10.05 | 10.04 | 10.05 | 11.05 | 11.05 |
| Reserves | 11.00 | 18.01 | 21.06 | 24.03 | 26.07 | 26.05 | 27.06 | 19.06 | 20.02 | 25.07 | 42.13 | 55.15 |
| Borrowings | 23.99 | 17.01 | 23.06 | 26.02 | 29.07 | 31.06 | 31.05 | 35.09 | 31.01 | 30.08 | 38.10 | 44.09 |
| Other Liabilities | 43.21 | 29.14 | 26.12 | 40.20 | 35.17 | 26.13 | 24.11 | 17.08 | 23.12 | 14.06 | 15.07 | 25.12 |
| Total Liabilities | 80.21 | 66.17 | 72.25 | 92.26 | 91.32 | 86.25 | 84.23 | 82.28 | 85.19 | 79.26 | 106 | 135 |
| Fixed Assets | 2.99 | 2.99 | 2.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 0.99 | 0.99 | 0.99 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 76.21 | 63.18 | 69.26 | 90.27 | 89.33 | 83.26 | 82.24 | 80.29 | 83.20 | 78.27 | 105 | 134 |
| Inventories | 20.13 | 5.48 | 3.05 | 6.76 | 9.38 | 15.74 | 14.80 | 15.54 | 15.75 | 10.08 | 9.72 | 41.72 |
| Trade receivables | 26.48 | 30.57 | 33.42 | 49.16 | 30.97 | 28.20 | 30.57 | 29.17 | 32.10 | 15.09 | 47.65 | 26.89 |
| Cash & equivalents | 2.10 | 2.55 | 5.50 | 5.39 | 4.44 | 3.80 | 4.06 | 2.71 | 2.93 | 11.46 | 2.02 | 15.71 |
| Total Assets | 80.21 | 66.17 | 72.25 | 92.26 | 91.32 | 86.25 | 84.23 | 82.28 | 85.19 | 79.26 | 106 | 135 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 5.99 | −1.99 | 10.99 | −1.99 | −3.99 | −4.99 | 1.99 | −3.99 | 6.99 | 6.99 | −25.95 | 2.99 |
| Cash from investing activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 | 0.00 | −4.99 |
| Cash from financing activity | −5.01 | 2.01 | −8.02 | 2.01 | 3.01 | 4.01 | −1.01 | 2.01 | −7.02 | −2.01 | 17.05 | 3.01 |
| Net cash flow | 0.99 | 0.00 | 2.99 | 0.00 | −0.99 | −0.99 | 0.00 | −0.99 | 0.00 | 8.99 | −8.99 | 0.00 |
| Capex | 0.29 | 0.11 | 0.12 | 0.28 | 0.11 | 0.25 | 0.22 | 0.09 | 0.14 | 0.02 | 0.00 | 0.08 |
| Free cash flow | 5.99 | −1.99 | 10.99 | −1.99 | −3.99 | −4.99 | 0.99 | −3.99 | 6.99 | 9.98 | −25.99 | 2.99 |
| CFO / OP % | 94.0% | −5.0% | 162.9% | −2.0% | −60.0% | −138.0% | 64.0% | −133.1% | 220.9% | 169.0% | −169.0% | 30.0% |
| 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 | 76 | 95 | 145 | 216 | 140 | 261 | 295 | 242 | 225 | 73 | 154 | 54 |
| Inventory days | 79 | 23 | 22 | 48 | 68 | 299 | 229 | 231 | 247 | 103 | 78 | 102 |
| Days payable | 166 | 119 | 177 | 265 | 248 | 485 | 372 | 255 | 362 | 99 | 93 | 39 |
| Cash conversion cycle | −10 | 0 | −10 | 0 | −40 | 76 | 153 | 219 | 111 | 79 | 139 | 118 |
| Working capital days | 11 | 33 | 24 | 61 | 112 | 305 | 357 | 361 | 306 | 192 | 44 | 40 |
| ROCE % | 18.0% | 19.0% | 19.0% | 17.0% | 12.0% | 6.0% | 5.0% | 5.0% | 7.0% | 8.0% | 19.0% | 21.0% |
For the Mar 2026 quarter, HEC Infra Projects reported sales of ₹50.77 Cr, up 9.2% year on year and net profit of ₹6.09 Cr, up 7.6% year on year. The operating margin was 18.0%.
HEC Infra Projects' sales for the year to Mar 2026 were ₹176 Cr; over the last twelve months they were ₹176 Cr.
Net profit for the year to Mar 2026 was ₹12.99 Cr, and ₹12.56 Cr over the last twelve months. Earnings per share over the same trailing period were ₹11.56.
HEC Infra Projects reported borrowings of ₹44.09 Cr at Mar 2026, against cash and equivalents of ₹15.71 Cr.
Cash from operations was ₹2.99 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2.99 Cr.