HEC Infra Projects Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: HECPROJECT | Engineering - Construction | Small Cap

BSE Share Price
Not Listed

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HEC Infra Projects stock performance -

mw4me loader
P/E Ratio (SA):
13.56
Market Cap:
69 Cr.
52-wk low:
0
52-wk high:
0

Is HEC Infra Projects Ltd an attractive stock to invest in?

1. Is HEC Infra Projects Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that HEC Infra Projects Ltd is a below average quality company.

2. Is HEC Infra Projects Ltd undervalued or overvalued?

The key valuation ratios of HEC Infra Projects Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is HEC Infra Projects Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HEC Infra Projects Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of HEC Infra Projects:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HEC Infra Projects Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.8%12.3%12.9%13%11.8%9%4.5%3.6%3.7%4.8%-
Value Creation
Index
-0.4-0.1-0.1-0.1-0.2-0.4-0.7-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 60.51251168482.680.139.237.643.751.765
Sales YoY Gr.-106.8%-7.3%-27.6%-1.6%-3.1%-51%-4.3%16.4%18.3%-
Adj EPS 0.73.32.53.13.220.50.30.50.85
YoY Gr.-354.8%-23.8%23.3%3.9%-37%-74%-41.5%61.3%56%-
BVPS (₹) 7.216.619.822.625.927.628.128.42929.734.3
Adj Net
Profit
12.52.63.23.32.10.50.30.50.85
Cash Flow from Ops. 4.35.9-1.710.8-1.8-4.1-4.61.6-3.68.4-
Debt/CF from Ops. 6.24.1-10.32.1-14.9-7.1-6.919.1-9.93.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.7%-8.9%9.7%18.3%
Adj EPS 0.7%-24.8%13.8%56%
BVPS17%2.8%1.9%2.7%
Share Price - -12.5% -16.8% 125%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.42215.814.713.47.61.91.11.82.715.7
Op. Profit
Mgn %
6.755.79.19.67.686.166.46.3
Net Profit
Mgn %
1.722.23.842.61.40.81.21.57.8
Debt to
Equity
2.61.90.91111.11.11.21-
Working Cap
Days
282183212270327385763766648554197
Cash Conv.
Cycle
7024-16195442128163174166123

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.70%

Net Profit is growing at healthy rate in last 3 years 13.75%

Sales growth is good in last 4 quarters at 34.56%

Sales growth has been subdued in last 3 years 9.66%

Debt to equity has increased versus last 3 years average to 1.04

Latest Financials - HEC Infra Projects Ltd.

Standalone Consolidated
TTM EPS (₹) 5 -
TTM Sales (₹ Cr.) 65.1 -
BVPS (₹.) 34.3 -
Reserves (₹ Cr.) 25 -
P/BV 1.98 -
PE 13.56 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 69
Equity (₹ Cr.) 10.1
Face Value (₹) 10
Industry PE 43.2

Management X-Ray of HEC Infra Projects:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of HEC Infra Projects

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales60.46125.01115.958482.6380.0839.2337.5543.7251.73
Operating Expenses 56.39118.71109.3676.3374.6974.2036.0935.2541.0948.43
Manufacturing Costs7.4817.0712.8116.7216.9715.1711.427.528.1220.96
Material Costs43.3692.9285.8750.8951.8150.5519.2323.6424.6523.36
Employee Cost 2.452.882.822.842.634.283.532.663.362.86
Other Costs 3.095.857.865.883.294.201.911.434.951.26
Operating Profit 4.076.306.597.667.945.883.142.302.643.31
Operating Profit Margin (%) 6.7%5.0%5.7%9.1%9.6%7.3%8.0%6.1%6.0%6.4%
Other Income 0.500.630.810.710.7810.860.710.751.34
Interest 2.792.873.133.213.564.052.992.622.603.23
Depreciation 0.180.370.320.320.310.310.250.230.240.22
Exceptional Items 00-0.0100.0900000
Profit Before Tax 1.613.693.944.844.932.530.750.160.561.20
Tax 0.591.221.391.681.590.570.21-0.150.040.41
Profit After Tax 1.022.472.553.163.341.950.540.310.510.79
PAT Margin (%) 1.7%2.0%2.2%3.8%4.0%2.4%1.4%0.8%1.2%1.5%
Adjusted EPS (₹)0.73.32.53.13.31.90.50.30.50.8
Dividend Payout Ratio (%)8%6%8%6%6%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 10.1812.3320.0222.9426.2927.9928.5328.8429.3630.14
Share Capital 1.491.492.032.032.032.032.032.0310.1410.14
Reserves 8.6910.841820.9224.2625.9726.5026.8119.2220.01
Minority Interest0000000000
Debt26.4623.0117.1322.4525.8527.7630.3929.6733.4729.43
Long Term Debt5.954.594.014.679.1312.5715.8218.2222.2621.26
Short Term Debt20.5118.4213.1217.7816.7315.1914.5711.4511.208.17
Trade Payables18.6142.2127.9524.6937.5734.3825.5524.1117.2023.15
Others Liabilities 1.142.101.031.612.721.091.101.651.882.08
Total Liabilities 56.3879.6466.1371.6992.4391.2285.5784.2781.9084.80

Fixed Assets

Gross Block3.874.154.134.244.384.484.724.904.824.95
Accumulated Depreciation0.701.161.401.721.932.252.502.712.803.02
Net Fixed Assets3.162.992.732.522.442.242.222.192.021.93
CWIP 0000000000
Investments 00.6800000000
Inventories4.8220.165.493.066.779.4015.7714.8415.5815.79
Trade Receivables23.7226.3830.4833.3048.9830.8628.1130.4829.0530.11
Cash Equivalents 1.492.112.565.525.414.453.814.072.732.94
Others Assets23.1927.3324.8727.2928.8344.2835.6532.6932.5234.03
Total Assets 56.3879.6466.1371.6992.4391.2285.5784.2781.9084.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4.295.90-1.6910.80-1.75-4.06-4.561.63-3.568.41
PBT 1.023.693.944.844.932.530.750.160.561.20
Adjustment 2.412.452.512.653.023.442.422.152.212.75
Changes in Working Capital 0.850.99-6.764.98-8.1-9.46-7.48-0.83-6.284.87
Tax Paid 0-1.22-1.39-1.68-1.59-0.57-0.250.15-0.04-0.41
Cash Flow From Investing Activity -0.260.040.250.240.080.210.040.070.260.20
Capex -0.14-0.28-0.07-0.11-0.24-0.10-0.24-0.20-0.06-0.13
Net Investments -0.400.0300000000
Others 0.280.300.320.350.330.310.280.270.320.32
Cash Flow From Financing Activity -3.76-5.331.90-8.071.542.893.88-1.441.95-8.39
Net Proceeds from Shares -0.0505.390000000
Net Proceeds from Borrowing -0.31000000000
Interest Paid -2.79-2.87-3.13-3.21-3.56-4.05-2.99-2.62-2.60-3.23
Dividend Paid 0000-0.24-0.240000
Others -0.61-2.46-0.36-4.875.357.186.871.184.55-5.16
Net Cash Flow 0.260.620.452.96-0.12-0.96-0.630.26-1.350.22
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.5722.0515.7614.7213.577.21.91.081.772.65
ROCE (%)12.9717.9919.219.417.3412.076.434.645.077.04
Asset Turnover Ratio1.181.841.591.221.010.870.440.440.530.62
PAT to CFO Conversion(x)4.212.39-0.663.42-0.52-2.08-8.445.26-6.9810.65
Working Capital Days
Receivable Days1557389139182182274285248209
Inventory Days253640192237117149127111
Payable Days137119149189219260569383306315

HEC Infra Projects Ltd Stock News

HEC Infra Projects Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HEC Infra Projects on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of HEC Infra Projects stood at ₹68.99.
The latest P/E ratio of HEC Infra Projects as of 01-Jan-1970 05:30 is 13.56.
The latest P/B ratio of HEC Infra Projects as of 01-Jan-1970 05:30 is 1.98.
The 52-week high of HEC Infra Projects is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HEC Infra Projects is ₹65.08 ( Cr.) .

About HEC Infra Projects Ltd

HEC Infra Projects was incorporated on October 06, 2005 as HEC Infra Projects Private Limited. The company was converted into Public Limited Company vide fresh Certificate of Incorporation dated October 01, 2014 issued by Registrar of Companies, Ahmedabad. The company is an Electro-Mechanical Contracting firm undertaking Turn-key as well as EPC Projects. The company is in the field of execution for all kind of Electro - Mechanical contracting work. It possesses all the necessary skills & expertise for all kind of Electro-Mechanical contract work right from L.V. system to 220KV switchyards and from water distribution to automated water pumping stations, complete with engineering, procurement and construction activities. It has associated concerns wherein complete range of L.T. and H.T. Electrical Panel Boards are manufactured.

It provides wide range of services in the field of Electrical Engineering for H.T. and L.T. power installation. It has worked for many projects (upto 220KV) catering across industries such as Steel, Chemical, Cement, Refineries, Petrochemicals, Gas & Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Commercial Centers, Banks, Malls, Multiplexes, Call Centers, Software Park & SEZ. The company has successfully executed different project orders related to Lighting Installation, Computer Networking, Fire Alarm System, Door Access Control, CCTV Control, and Public Address System including Building Management System. Also having wide experience in Mechanical & Instrumentation work related to water management segment including wireless telemetry based centralized SCADA system for monitoring & controlling of different locations.

The company has its own highly skilled, experienced and dedicated team of engineers and technicians, along-with required tools/tackles, machineries for handling any kind of challenging work. It has also established its service network setup fully equipped with required manpower and equipment to cater its client’s requirement of routine troubleshooting.

Business area of the company

HEC is an EPC (Engineering, Procurement and Construction) and SIRC (supply installation Testing & Commission) contractor in the field of Electrical engineering. The company is registered as a Class-I Composite Category with Central Public Works Department (CPWD). It has also been awarded contractor license from Gujarat Energy Transmission Corporation limited (GETCO) as Class - C Contractor and is a registered EPC Contractor with Indian Farmers Fertilizer Cooperative Limited (IFFCO).

 

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