| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 31.1 | 27.9 | +11.5% |
| EBITDA | 2.7 | 2.6 | +4.9% |
| EBITDA margin | 8.8% | 9.3% | −0.6 pts |
| Profit before tax | 1.6 | 1.7 | −10.1% |
| Net profit | 1.4 | 1.3 | +2.7% |
| EPS | ₹1.26 | ₹1.23 | +2.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 112 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1.4 | 1.4 | 0.9 | 3.7 | 2.9 | ||
| 44.4 | 44.4 | 37.9 | 30.2 | 29.4 | ||
| 155 | — | — | — | — | ||
| 180 | 176 | 112 | 73.8 | 51.7 | ||
| — | +57.4% | +51.9% | +42.6% | — | ||
| 20.3 | 20.2 | 13.9 | 5.4 | 3.3 | ||
| 11.3% | 11.4% | 12.4% | 7.3% | 6.4% | ||
| 20.2 | 20.0 | 13.8 | 5.2 | 3.1 | ||
| 12.6 | 12.6 | 9.2 | 4.8 | 0.8 | ||
| 7.0% | 7.1% | 8.3% | 6.5% | 1.5% | ||
| ₹11.64 | ₹11.63 | ₹8.53 | ₹4.44 | ₹0.73 | ||
| — | +36.3% | +91.9% | +511.0% | — | ||
| — | 3.0 | −26.0 | 7.0 | 8.4 | ||
| — | −0.1 | 0.0 | −0.0 | −0.1 | ||
| 3.0 | 3.0 | −26.0 | 7.0 | 8.3 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 111.6 | |
| - Cash, Equiv & ST Investments | 2.9 | 3.7 | 0.9 | 1.4 | 1.4 | |
| + Total Debt | 29.4 | 30.2 | 37.9 | 44.4 | 44.4 | |
| Enterprise Value | — | — | — | — | 154.5 | |
| Revenue | 51.7 | 73.8 | 112.1 | 176.5 | 179.7 | |
| Growth %, YoY | — | +42.6 | +51.9 | +57.4 | — | |
| EBITDA | 3.3 | 5.4 | 13.9 | 20.2 | 20.3 | |
| Margin % | 6.39 | 7.26 | 12.44 | 11.42 | 11.27 | |
| EBIT | 3.1 | 5.2 | 13.8 | 20.0 | 20.2 | |
| Net Income | 0.8 | 4.8 | 9.2 | 12.6 | 12.6 | |
| Margin % | 1.52 | 6.53 | 8.25 | 7.14 | 7.02 | |
| EPS, Adj (current shares) | 0.73 | 4.44 | 8.53 | 11.63 | 11.64 | |
| Growth %, YoY | — | +511.0 | +91.9 | +36.3 | — | |
| Cash from Operations | 8.4 | 7.0 | -26.0 | 3.0 | — | |
| Capital Expenditures | -0.1 | -0.0 | -0.0 | -0.1 | — | |
| Free Cash Flow | 8.3 | 7.0 | -26.0 | 3.0 | 3.0 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
HEC Infra Projects (NSE: HECPROJECT) had a market capitalisation of ₹110 crore at the 30 October 2026 close (₹101.30 a share), a PE ratio of 8.7 on the last four quarters' profit and a price-to-book ratio of 1.67. In FY26 its consolidated net profit was ₹12.6 crore on revenue of ₹176 crore; in Q1 FY27 (April–June 2026) it was ₹1.4 crore, up 2.7% year on year. Its debt-to-equity ratio was 0.68 on 31 March 2026. Promoters held 74.93% of the shares on 30 September 2026.
HEC Infra Projects' PE ratio is 8.7 at the 30 October 2026 close (₹101.30 a share): a market capitalisation of ₹110 crore divided by consolidated net profit of ₹12.6 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹12.6 crore) it is 8.7.
HEC Infra Projects' debt-to-equity ratio was 0.68 on 31 March 2026: borrowings of ₹44.4 crore against total equity of ₹65.7 crore. A year earlier, on 31 March 2025, it was 0.71.
HEC Infra Projects' net worth — shareholders' equity in its consolidated balance sheet — was ₹65.7 crore on 31 March 2026, up 23.7% from ₹53.1 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹110 crore at the 30 October 2026 close.
HEC Infra Projects' price-to-book (PB) ratio is 1.67 at the 30 October 2026 close: a market capitalisation of ₹110 crore divided by shareholders' equity (book value) of ₹65.7 crore on 31 March 2026. That is a book value of ₹60.65 per share against a share price of ₹101.30.
In FY26, HEC Infra Projects' return on equity (ROE) was 21.2% and its return on capital employed (ROCE) was 33.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 21.0% and ROCE 24.4%.
HEC Infra Projects' book value per share was ₹60.65 on 31 March 2026: shareholders' equity of ₹65.7 crore divided by the 1.08 crore shares in issue, up 23.7% from ₹49.03 a year earlier. The share price at the 30 October 2026 close was ₹101.30.
HEC Infra Projects' market capitalisation was ₹110 crore at the 30 October 2026 close: 1.08 crore shares at ₹101.30 each.
No. HEC Infra Projects had borrowings of ₹44.4 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.68. Its cash and current investments were ₹15.7 crore, so its net debt was ₹28.6 crore.
HEC Infra Projects' basic earnings per share (EPS) were ₹11.63 in FY26, against ₹9.08 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹11.64.
Promoters held 74.93% of HEC Infra Projects on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, HEC Infra Projects' shares were held by promoters 74.93% and retail and other non-institutional investors 25.07%.
In FY26, HEC Infra Projects generated ₹3 crore of cash from operations and spent ₹6.9 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹3 crore. In FY25 it was −₹26 crore.
HEC Infra Projects' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹1.4 crore, up 2.7% from ₹1.3 crore in Q1 FY26; revenue from operations ₹31.1 crore, up 11.5% year on year.
In FY26 (April 2025–March 2026), HEC Infra Projects' consolidated net profit was ₹12.6 crore, up 36.3% from ₹9.2 crore in FY25, on revenue from operations of ₹176 crore (up 57.4%). Over three years, from FY23, net profit was null.
At the 30 October 2026 closing prices, on FY26 net profit, HEC Infra Projects' PE ratio is 8.7, the third highest of the four: Airo Lam 22.6, Latteys Industries 29.5 and Steel City Securities 8.1, a peer average of 20.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
HEC Infra Projects will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Airo Lam, Latteys Industries and Steel City Securities: HEC Infra Projects' operating margin of 11.3% is the second highest of the four (Airo Lam 5.9%, Latteys Industries 5.2%, Steel City Securities 25.4%; peer average 12.2%); its return on equity of 21.2% is the highest of the four (Airo Lam 7.3%, Latteys Industries 16.1%, Steel City Securities 10.8%; peer average 11.4%).
In FY26, HEC Infra Projects earned net profit of ₹12.6 crore on revenue of ₹176 crore, against ₹5.5 crore on ₹243 crore for Airo Lam. HEC Infra Projects' operating margin was 11.3% (Airo Lam 5.9%) and its return on equity 21.2% (Airo Lam 7.3%). At the 30 October 2026 close, HEC Infra Projects' market capitalisation was ₹110 crore against ₹124 crore for Airo Lam, and its PE ratio on FY26 profit 8.7 against 22.6.
From HEC Infra Projects' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.