HEC Infra Projects Limited (HECPROJECT) - Net Assets
Based on the latest financial reports, HEC Infra Projects Limited (HECPROJECT) has net assets worth Rs566.98 Million INR (≈ $6.13 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.28 Billion ≈ $13.81 Million USD) and total liabilities (Rs709.81 Million ≈ $7.68 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HECPROJECT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs566.98 Million |
| % of Total Assets | 44.41% |
| Annual Growth Rate | 15.63% |
| 5-Year Change | 84.23% |
| 10-Year Change | 165.35% |
| Growth Volatility | 19.22 |
HEC Infra Projects Limited - Net Assets Trend (2013–2025)
This chart illustrates how HEC Infra Projects Limited's net assets have evolved over time, based on quarterly financial data. Also explore HECPROJECT asset base for the complete picture of this company's asset base.
Annual Net Assets for HEC Infra Projects Limited (2013–2025)
The table below shows the annual net assets of HEC Infra Projects Limited from 2013 to 2025. For live valuation and market cap data, see HECPROJECT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs531.36 Million ≈ $5.75 Million |
+52.42% |
| 2024-03-31 | Rs348.62 Million ≈ $3.77 Million |
+15.65% |
| 2023-03-31 | Rs301.44 Million ≈ $3.26 Million |
+2.67% |
| 2022-03-31 | Rs293.60 Million ≈ $3.18 Million |
+1.80% |
| 2021-03-31 | Rs288.42 Million ≈ $3.12 Million |
+1.08% |
| 2020-03-31 | Rs285.32 Million ≈ $3.09 Million |
+1.92% |
| 2019-03-31 | Rs279.94 Million ≈ $3.03 Million |
+6.50% |
| 2018-03-31 | Rs262.85 Million ≈ $2.84 Million |
+14.56% |
| 2017-03-31 | Rs229.44 Million ≈ $2.48 Million |
+14.58% |
| 2016-03-31 | Rs200.25 Million ≈ $2.17 Million |
+62.40% |
| 2015-03-31 | Rs123.31 Million ≈ $1.33 Million |
+21.17% |
| 2014-03-31 | Rs101.76 Million ≈ $1.10 Million |
+9.41% |
| 2013-03-31 | Rs93.01 Million ≈ $1.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HEC Infra Projects Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 553.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs339.67 Million | 63.93% |
| Common Stock | Rs108.38 Million | 20.40% |
| Other Components | Rs83.30 Million | 15.68% |
| Total Equity | Rs531.35 Million | 100.00% |
HEC Infra Projects Limited Competitors by Market Cap
The table below lists competitors of HEC Infra Projects Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scodix Ltd
TA:SCDX
|
$15.12 Million |
|
Silver Bull Resources Inc
TO:SVB
|
$15.12 Million |
|
Raptis Group Ltd
AU:RPG
|
$15.14 Million |
|
ICH Co Ltd
KQ:368600
|
$15.15 Million |
|
FORIS AG
F:FRS
|
$15.10 Million |
|
Pinnacle Food Group Limited Class A Common Shares
NASDAQ:PFAI
|
$15.10 Million |
|
Tungray Technologies Inc Class A Ordinary Shares
NASDAQ:TRSG
|
$15.10 Million |
|
Jaycorp Bhd
KLSE:7152
|
$15.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HEC Infra Projects Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 348,619,000 to 531,354,000, a change of 182,735,000 (52.4%).
- Net income of 92,435,000 contributed positively to equity growth.
- Share repurchases of 90,300,000 reduced equity.
- New share issuances of 90,300,000 increased equity.
- Other comprehensive income decreased equity by 1,000,000.
- Other factors increased equity by 91,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs92.44 Million | +17.4% |
| Share Repurchases | Rs90.30 Million | -16.99% |
| Share Issuances | Rs90.30 Million | +16.99% |
| Other Comprehensive Income | Rs-1.00 Million | -0.19% |
| Other Changes | Rs91.30 Million | +17.18% |
| Total Change | Rs- | 52.42% |
Book Value vs Market Value Analysis
This analysis compares HEC Infra Projects Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.32x to 2.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs12.49 | Rs128.93 | x |
| 2014-03-31 | Rs13.67 | Rs128.93 | x |
| 2015-03-31 | Rs16.56 | Rs128.93 | x |
| 2016-03-31 | Rs26.71 | Rs128.93 | x |
| 2017-03-31 | Rs22.63 | Rs128.93 | x |
| 2018-03-31 | Rs25.93 | Rs128.93 | x |
| 2019-03-31 | Rs27.61 | Rs128.93 | x |
| 2020-03-31 | Rs28.14 | Rs128.93 | x |
| 2021-03-31 | Rs28.45 | Rs128.93 | x |
| 2022-03-31 | Rs28.96 | Rs128.93 | x |
| 2023-03-31 | Rs29.73 | Rs128.93 | x |
| 2024-03-31 | Rs34.39 | Rs128.93 | x |
| 2025-03-31 | Rs52.34 | Rs128.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HEC Infra Projects Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.25%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 2.00x
- Recent ROE (17.40%) is above the historical average (9.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.47% | 1.79% | 1.30x | 4.95x | Rs1.37 Million |
| 2014 | 10.00% | 1.68% | 1.07x | 5.54x | Rs-4.40K |
| 2015 | 20.04% | 1.98% | 1.37x | 7.39x | Rs12.38 Million |
| 2016 | 12.74% | 2.20% | 1.75x | 3.30x | Rs5.48 Million |
| 2017 | 13.79% | 3.77% | 1.17x | 3.12x | Rs8.69 Million |
| 2018 | 12.71% | 4.04% | 0.89x | 3.52x | Rs7.13 Million |
| 2019 | 6.98% | 2.44% | 0.88x | 3.26x | Rs-8.46 Million |
| 2020 | 1.89% | 1.37% | 0.46x | 3.00x | Rs-23.15 Million |
| 2021 | 1.07% | 0.83% | 0.45x | 2.92x | Rs-25.74 Million |
| 2022 | 1.75% | 1.18% | 0.53x | 2.79x | Rs-24.21 Million |
| 2023 | 2.62% | 1.52% | 0.61x | 2.81x | Rs-22.26 Million |
| 2024 | 13.53% | 6.39% | 0.93x | 2.27x | Rs12.30 Million |
| 2025 | 17.40% | 8.25% | 1.06x | 2.00x | Rs39.30 Million |
Industry Comparison
This section compares HEC Infra Projects Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $6,007,484,960
- Average return on equity (ROE) among peers: 2.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HEC Infra Projects Limited (HECPROJECT) | Rs566.98 Million | 11.47% | 1.25x | $15.11 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $1.53 Billion | -117.78% | 8.34x | $32.19 Million |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $27.03 Billion | 13.18% | 3.80x | $1.35 Billion |
| Akash Infra-Projects Limited (AKASH) | $445.41 Million | 21.94% | 1.00x | $4.86 Million |
| Ashoka Buildcon Limited (ASHOKA) | $1.53 Billion | 2.79% | 1.89x | $407.57 Million |
| AXISCADES Technologies Limited (AXISCADES) | $959.73 Million | 12.58% | 0.80x | $923.53 Million |
| Capacit'e Infraprojects Limited (CAPACITE) | $8.43 Billion | 11.54% | 1.43x | $230.95 Million |
| Consolidated Construction Consortium Limited (CCCL) | $4.51 Billion | 19.32% | 1.22x | $79.43 Million |
| Ceigall India (CEIGALL) | $5.93 Billion | 28.20% | 2.08x | $637.91 Million |
| Dilip Buildcon Limited (DBL) | $9.32 Billion | 24.65% | 5.73x | $816.55 Million |
| Dhruv Consultancy Services Limited (DHRUV) | $395.72 Million | 12.22% | 1.09x | $7.28 Million |
About HEC Infra Projects Limited
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,… Read more