HECPROJECT
FAIRLY_VALUEDHEC Infra Projects Limited
Realty · NSE
↓ 6.2% vs fair value
52W Low
₹82
+32.1% from low
52W High
₹184
-41.2% from high
Valuation Gauge
Current Price
₹108
Fair Value
₹102
Fair Value Analysis
₹102
Based on balance sheet strength analysis and book value multiple for Realty sector companies | Sector-cheap: P/E at 15th percentile vs sector peers. | ROCE improving (latest 15.4%) — capital allocation becoming more efficient. | COVID-resilient: company recovered from COVID trough.
Balance Sheet Value
40% weight
P/B Multiple
60% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 21.3% is above the Realty sector benchmark of 15% — strong returns
Debt & Leverage
D/E ratio of 0.7x is well within the Realty sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 8.7x trades at a 90% discount to Realty sector median (88x) — attractively valued
Cash Flow
Negative FCF of ₹-26 Cr — company is consuming more cash than it generates
Earnings Growth
5yr EPS CAGR of 161.9% is well above the Realty sector average of 32.9% — strong growth
Dividend
No dividend — typical for growth-stage companies
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
-24.7%
Free cash flow / market cap
Revenue Growth (YoY)
+108.2%
Year-on-year revenue change
Profit Growth (YoY)
+104.2%
Year-on-year PAT change
Operating Cash Flow
₹-26 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹11.2
P/E Ratio
8.7x
P/B Ratio
1.9x
ROE
21.3%
ROCE
24.7%
Debt / Equity
0.74x
Beta
-0.14
Div Yield
—
FCF (Cr)
₹-26 Cr
Revenue (Cr)
₹112 Cr
EPS Growth 5Y
161.9%
Mkt Cap (Cr)
₹106 Cr
52W High
₹184.1
52W Low
₹82
Book Value/Share
₹52.5
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹172 Cr | ₹20 Cr | 12.0% | ₹12 Cr | ₹11.21 |
| 2025-03-31 | ₹112 Cr | ₹14 Cr | 12.0% | ₹9 Cr | ₹8.53 |
| 2024-03-31 | ₹74 Cr | ₹5 Cr | 7.0% | ₹5 Cr | ₹4.66 |
| 2023-03-31 | ₹52 Cr | ₹3 Cr | 6.0% | ₹1 Cr | ₹0.78 |
| 2022-03-31 | ₹44 Cr | ₹3 Cr | 6.0% | ₹1 Cr | ₹0.50 |
| 2021-03-31 | ₹38 Cr | ₹2 Cr | 6.0% | ₹0 Cr | ₹0.31 |
| 2020-03-31 | ₹39 Cr | ₹3 Cr | 8.0% | ₹1 Cr | ₹0.53 |
| 2019-03-31 | ₹80 Cr | ₹6 Cr | 7.0% | ₹2 Cr | ₹1.93 |
| 2018-03-31 | ₹82 Cr | ₹8 Cr | 10.0% | ₹3 Cr | ₹3.31 |
| 2017-03-31 | ₹83 Cr | ₹8 Cr | 9.0% | ₹3 Cr | ₹3.13 |
| 2016-03-31 | ₹116 Cr | ₹7 Cr | 6.0% | ₹3 Cr | ₹2.52 |
| 2015-03-31 | ₹125 Cr | ₹6 Cr | 5.0% | ₹2 Cr | ₹3.34 |
| 2014-03-31 | ₹60 Cr | ₹4 Cr | 7.0% | ₹1 Cr | ₹1.46 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Realty| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Kaushalya Infrastructure Development Corporation Limited | ₹787.9 | ₹1,909 | +58.7% | 20.1 | 1.8% | UNDERVALUED |
R.P.P. Infra Projects Limited | ₹67.6 | ₹163.2 | +58.6% | 15.4 | 12.5% | UNDERVALUED |
Transindia Real Estate Limited | ₹24.5 | ₹51.2 | +52.0% | 9.9 | 4.8% | FAIRLY_VALUED |
Akash Infra-Projects Limited | ₹25.3 | ₹38.9 | +35.1% | 17.3 | 2.8% | FAIRLY_VALUED |
Ruchi Infrastructure Limited | ₹7 | ₹9.1 | +23.4% | 19.2 | 5.0% | FAIRLY_VALUED |
Capacit'e Infraprojects Limited | ₹214.4 | ₹262.7 | +18.4% | 8.9 | 11.1% | FAIRLY_VALUED |
Generic Engineering Construction and Projects Limited | ₹42.9 | ₹50.4 | +15.0% | 25.2 | 3.8% | FAIRLY_VALUED |
Excel Realty N Infra Limited | ₹1 | ₹1.2 | +14.9% | 6.9 | 1.9% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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