Is HEC Infra Projects the Best Stock in Its Sector? A Look at the Numbers
- September 28, 2026
- Posted by: Harsh Piplani
- Category: Market
HEC Infra Projects CMP Rs 115 (28 Sep 2026). Market cap Rs 125 Cr. ROE 19.17%. P/E 9.92x versus Industry P/E 30.58x.
Quick Answer
HEC Infra Projects is one of the names investors compare when screening the Infrastructure sector, built on a 19.17% return on equity and a P/E of 9.92x against an Industry P/E of 30.58x. Whether HEC Infra Projects is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Infrastructure sector peers, so you can judge that for yourself.
Is HEC Infra Projects the best stock in its sector? The stock trades on the NSE at Rs 115 as of 28 September 2026, within its 52-week range of Rs 92.10 to Rs 160.50. HEC Infra Projects Ltd is an Ahmedabad-based electrical and electro-mechanical EPC contractor working on transmission, substation, cabling and solar projects.
HEC Infra Projects sits in the Infrastructure sector, and its 19.17% ROE and 9.92x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About HEC Infra Projects
HEC Infra Projects Ltd is an Ahmedabad-based electrical and electro-mechanical EPC contractor working on transmission, substation, cabling and solar projects. The stock is thinly traded and sits in the lower half of its 52-week range. At a market capitalisation of Rs 125 Cr, it is tracked as part of the Infrastructure sector on Univest.
Is HEC Infra Projects the Best Stock in Its Sector?
HEC Infra Projects makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 19.17% ROE with a 9.92x P/E against the sector’s 30.58x Industry P/E. HEC Infra Projects’ 9.92x P/E is far below the 30.58x Industry P/E despite a 19.17% ROE, but its small size, dependence on a few contracts and limited liquidity justify some of the discount.
| Metric | HEC Infra Projects |
|---|---|
| CMP (NSE) | Rs 115.00 |
| 52-Week High / Low | Rs 160.50 / Rs 92.10 |
| Market Cap | Rs 125 Cr |
| P/E (TTM) vs Industry P/E | 9.92x vs 30.58x |
| P/B | 1.90 |
| ROE | 19.17% |
| EPS (TTM) | Rs 11.64 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.68 |
Compare HEC Infra Projects Against Other Infrastructure Sector Stocks
How HEC Infra Projects Compares Against Its Infrastructure Sector Peers
The table below sets HEC Infra Projects against 2 other Infrastructure sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| HEC Infra Projects | 125 | 9.92 | 19.17% | 0.68 |
| Garuda Construction and Engineering | 1,658 | 12.19 | 26.97% | 0.03 |
| GPT Infraprojects | 1,437 | 14.97 | 16.14% | 0.49 |
| Peer average (2 companies) | – | 13.58 | 21.55% | 0.26 |
Against this peer set, HEC Infra Projects’s 19.17% ROE is below the 21.55% peer average, and its P/E of 9.92x runs below the peer average of 13.58x. HEC Infra Projects’ 9.92x P/E is far below the 30.58x Industry P/E despite a 19.17% ROE, but its small size, dependence on a few contracts and limited liquidity justify some of the discount.
What Makes HEC Infra Projects Worth Watching in Infrastructure
- Well below Industry P/E: A 9.92x P/E against a 30.58x Industry P/E is a wide discount for a business with a 19.17% ROE.
- Strong ROE: A 19.17% ROE is well above most infrastructure contractors covered in this series.
- Very small, thinly traded scale: At a market capitalisation of Rs 125 Cr, HEC Infra Projects is a small SME-origin stock where thin volumes can lead to sharp price swings.
HEC Infra Projects Valuation: Is It Justified?
HEC Infra Projects’ 9.92x P/E is far below the 30.58x Industry P/E despite a 19.17% ROE, but its small size, dependence on a few contracts and limited liquidity justify some of the discount. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Godrej Agrovet the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track HEC Infra Projects and other Infrastructure sector stocks.
How to Track HEC Infra Projects Before You Invest
Before deciding whether HEC Infra Projects deserves its label as the best stock in its sector for your own portfolio, compare it directly against Infrastructure sector peers using the steps below.
- Open the Univest Screener and search for HEC Infra Projects to view live price, valuation ratios, and peer comparisons within the Infrastructure sector.
- Compare its P/E, P/B, and ROE against other Infrastructure sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
HEC Infra Projects earns a place in the best stock in its sector conversation on the strength of a 19.17% ROE and a P/E of 9.92x against a 30.58x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is HEC Infra Projects the best stock in its sector?
Ans. HEC Infra Projects has a 19.17% ROE and trades at 9.92x P/E against a 30.58x Industry P/E, and compares below the peer average ROE of 21.55% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of HEC Infra Projects?
Ans. HEC Infra Projects was trading at Rs 115.00 on the NSE as of 28 September 2026, within its 52-week range of Rs 92.10 to Rs 160.50.
What sector does HEC Infra Projects belong to?
Ans. HEC Infra Projects is classified under the Infrastructure sector on Univest.
How does HEC Infra Projects compare to its sector peers on P/E?
Ans. HEC Infra Projects’s P/E of 9.92x is below the 13.58x average of the 2 named peers compared in this article.
What is HEC Infra Projects’s return on equity?
Ans. HEC Infra Projects reported a return on equity of 19.17%, which is below the 21.55% average of its named peers in this comparison.
Should I invest in HEC Infra Projects based on its sector position?
Ans. HEC Infra Projects’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
