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HECP

HEC Infra Projects NSEI:HECPROJECT Stock Report

Last Price

₹29.45

Market Cap

₹298.6m

7D

3.0%

1Y

n/a

Updated

16 Aug, 2022

Data

Company Financials
HECPROJECT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

HECPROJECT Stock Overview

HEC Infra Projects Limited operates as an engineering, procurement, and construction contractor for electro-mechanical and instrumentation projects in India.

HEC Infra Projects Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HEC Infra Projects
Historical stock prices
Current Share Price₹29.45
52 Week High₹45.00
52 Week Low₹19.19
Beta0.13
1 Month Change28.32%
3 Month Change-1.17%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO56.44%

Recent News & Updates

Jul 17
Some Confidence Is Lacking In HEC Infra Projects Limited (NSE:HECPROJECT) As Shares Slide 25%

Some Confidence Is Lacking In HEC Infra Projects Limited (NSE:HECPROJECT) As Shares Slide 25%

Unfortunately for some shareholders, the HEC Infra Projects Limited ( NSE:HECPROJECT ) share price has dived 25% in the...

Shareholder Returns

HECPROJECTIN ConstructionIN Market
7D3.0%0.9%0.8%
1Yn/a5.9%8.3%

Return vs Industry: Insufficient data to determine how HECPROJECT performed against the Indian Construction industry.

Return vs Market: Insufficient data to determine how HECPROJECT performed against the Indian Market.

Price Volatility

Is HECPROJECT's price volatile compared to industry and market?
HECPROJECT volatility
HECPROJECT Average Weekly Movement9.2%
Construction Industry Average Movement6.4%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: HECPROJECT is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: HECPROJECT's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
200550Gaurang Shahhttps://www.hecprojects.in

HEC Infra Projects Limited operates as an engineering, procurement, and construction contractor for electro-mechanical and instrumentation projects in India. Its services comprise substation and switchyard, overhead transmission, and cable laying projects; water management systems, including water pumping stations; solar solutions, such as solar power plants and rooftop solutions, which include solar photovoltaic solution with and without battery back-up; extra low voltage systems comprising P.A., security, fire alarm, and telephone systems; and automation systems consisting of smart lighting. The company also provides services for indoor lighting projects, such as designing and planning layout for lighting points; procurement of required material; complete electrification of industry, and building or project; and operations and maintenance services for various projects, as well as design layout and power distribution services for outdoor lighting.

HEC Infra Projects Fundamentals Summary

How do HEC Infra Projects's earnings and revenue compare to its market cap?
HECPROJECT fundamental statistics
Market Cap₹298.57m
Earnings (TTM)₹5.58m
Revenue (TTM)₹485.62m

53.5x

P/E Ratio

0.6x

P/S Ratio

Is HECPROJECT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HECPROJECT income statement (TTM)
Revenue₹485.62m
Cost of Revenue₹311.80m
Gross Profit₹173.82m
Other Expenses₹168.24m
Earnings₹5.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.55
Gross Margin35.79%
Net Profit Margin1.15%
Debt/Equity Ratio119.7%

How did HECPROJECT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is HECPROJECT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HECPROJECT?

Other financial metrics that can be useful for relative valuation.

HECPROJECT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA21.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HECPROJECT's PE Ratio compare to its peers?

HECPROJECT PE Ratio vs Peers
The above table shows the PE ratio for HECPROJECT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.1x
540144 DRA Consultants
17.7xn/a₹292.9m
531900 CCL International
57.8xn/a₹324.4m
CMMIPL CMM Infraprojects
36.6xn/a₹188.1m
PIGL Power & Instrumentation (Gujarat)
8.7xn/a₹320.5m
HECPROJECT HEC Infra Projects
53.5xn/a₹298.6m

Price-To-Earnings vs Peers: HECPROJECT is expensive based on its Price-To-Earnings Ratio (53.5x) compared to the peer average (30.1x).


Price to Earnings Ratio vs Industry

How does HECPROJECT's PE Ratio compare vs other companies in the IN Construction Industry?

Price-To-Earnings vs Industry: HECPROJECT is expensive based on its Price-To-Earnings Ratio (53.5x) compared to the Indian Construction industry average (18.8x)


Price to Earnings Ratio vs Fair Ratio

What is HECPROJECT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HECPROJECT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HECPROJECT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HECPROJECT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HECPROJECT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HECPROJECT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is HEC Infra Projects forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.0%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HEC Infra Projects has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Take a look at our analysis of HECPROJECT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • HEC Infra Projects competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has HEC Infra Projects performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-60.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HECPROJECT has high quality earnings.

Growing Profit Margin: HECPROJECT's current net profit margins (1.1%) are lower than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: HECPROJECT's earnings have declined by 60.4% per year over the past 5 years.

Accelerating Growth: HECPROJECT's earnings growth over the past year (2.8%) exceeds its 5-year average (-60.4% per year).

Earnings vs Industry: HECPROJECT earnings growth over the past year (2.8%) underperformed the Construction industry 24.1%.


Return on Equity

High ROE: HECPROJECT's Return on Equity (1.9%) is considered low.


Discover strong past performing companies

Financial Health

How is HEC Infra Projects's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HECPROJECT's short term assets (₹760.2M) exceed its short term liabilities (₹300.7M).

Long Term Liabilities: HECPROJECT's short term assets (₹760.2M) exceed its long term liabilities (₹224.7M).


Debt to Equity History and Analysis

Debt Level: HECPROJECT's net debt to equity ratio (110.4%) is considered high.

Reducing Debt: HECPROJECT's debt to equity ratio has increased from 98.8% to 119.7% over the past 5 years.

Debt Coverage: HECPROJECT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: HECPROJECT's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


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Dividend

What is HEC Infra Projects's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate HECPROJECT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HECPROJECT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HECPROJECT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HECPROJECT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: HECPROJECT is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HECPROJECT has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Gaurang Shah (59 yo)

no data

Tenure

₹2,350,659

Compensation

Mr. Gaurang Parmananddas Shah serves as the Chairman and Managing Director at HEC Infra Projects Limited and has been its Director since joined on October 6, 2005. Mr. Shah has vast experience in the field...


CEO Compensation Analysis

Compensation vs Market: Gaurang's total compensation ($USD29.57K) is about average for companies of similar size in the Indian market ($USD37.68K).

Compensation vs Earnings: Gaurang's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HECPROJECT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: HECPROJECT's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HEC Infra Projects Limited's employee growth, exchange listings and data sources


Key Information

  • Name: HEC Infra Projects Limited
  • Ticker: HECPROJECT
  • Exchange: NSEI
  • Founded: 2005
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: ₹298.569m
  • Shares outstanding: 10.14m
  • Website: https://www.hecprojects.in

Number of Employees


Location

  • HEC Infra Projects Limited
  • Sigma-1 Corporates
  • Corporate House No. 6
  • Ahmedabad
  • Gujarat
  • 380054
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.