HEC Infra Projects Limited (HECPROJECT) Fair Value & Analysis
Industrials · IN · Market cap ₹1.5B
Fair value as of: Aug 13, 2026
From 23 valuation models · updated 3 days ago
Share price +5.2% over the past month.
Below-average quality, screening 58% undervalued on our models.
What matters now
- Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹114.44 to ₹275.78) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹14.99 – ₹183.06 · fair‑value band ₹114.44 – ₹275.78 · the ₹130.05 price screens below the ₹204.87 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
HEC Infra Projects Limited (HECPROJECT) currently trades at ₹130.05, while our model-based Fair Value estimate is ₹204.87, implying the stock looks roughly 57.5% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, HEC Infra Projects Limited generated revenue of ₹1.8B at a net margin of 7.1%. Revenue grew 9.1% year over year. It earns a return on equity of 21.2%. Net debt stands at ₹286M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹114.44 (bear case) to ₹275.78 (bull case); at ₹130.05, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 58%, HECPROJECT screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Growth Earnings (₹291.89) versus Growth DCF (₹17.02). Highest evidence: Growth DCF (80).
Notify me when HECPROJECT reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
HEC Infra Projects Limited operates as an engineering, procurement, and construction (EPC) contractor for electro-mechanical and instrumentation projects in India.
Full company description
HEC Infra Projects Limited operates as an engineering, procurement, and construction (EPC) contractor for electro-mechanical and instrumentation projects in India. The company offers services for transmission and substation projects, water management systems, smart lighting systems, public address systems, solar rooftops and power plants, building management systems, and air conditioning systems, as well as fire, security, and nurse calling systems; and electrification services. It serves the engineering and allied industries; textile, glass, and cement industries; chemical, pharmaceutical, and food products; steel and non-ferrous industries; petrochemical, refineries, and gas and oil sectors; commercial projects; dairy and allied industries; paint industry; hospitals; airports; real-estate developments; and utilities. HEC Infra Projects Limited was incorporated in 2005 and is based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
HEC Infra Projects Limited reported revenue of ₹1.8B in FY2026 versus ₹437M in FY2022, a compound +41.7%/yr. Reported net income was ₹126M in FY2026, compounding +122.5%/yr from FY2022.
of which total revenue +1.2 pp · buybacks/dilution −2.4 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch HECPROJECT: get an alert when its fair value changes →
Peer Group
Engineering & Construction · 837 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹4,020 | ₹1,994 | -50% |
| Samsung C&T Corporation 028260 | 357,500 KRW | 261,411 KRW | -27% |
| Hyundai Engineering & Construction Co 000720 | 113,700 KRW | 61,453 KRW | -46% |
| Samsung E&A Co 028050 | 49,300 KRW | 43,624 KRW | -12% |
| Rail Vikas Nigam Limited RVNL | ₹230.00 | ₹48.92 | -79% |
| Daewoo Engineering & Construction Co 047040 | 18,400 KRW | 6,507 KRW | -65% |
| KEPCO Engineering & Construction Company 052690 | 99,800 KRW | 19,346 KRW | -81% |
| GS Engineering & Construction Corporation 006360 | 35,200 KRW | 23,135 KRW | -34% |
| DL E&C Co 375500 | 73,500 KRW | 148,433 KRW | +102% |
| KEPCO Plant Service & Engineering Co 051600 | 46,350 KRW | 43,924 KRW | -5% |
Compare HEC Infra Projects Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is HEC Infra Projects Limited (HECPROJECT) overvalued or undervalued?
What is the fair value of HECPROJECT?
What is the quality score of HECPROJECT?
What is the revenue of HEC Infra Projects Limited (HECPROJECT)?
What is the net profit margin of HECPROJECT?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track HEC Infra Projects Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.