About Hec Infra Projects Limited
Data last updated: 17 December 2025
Hec Infra Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. The company specialises in engineering. Incorporated on 06 October 2005, the company has been in operation for over 21 years.
Registered with ROC Ahmedabad under CIN U45200GJ2005PTC046870. Listed on NSE: HECPROJECT.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.84 Cr. Formerly known as Hec Infra Projects Private Limited. It is led by directors including Rajkumari Ramchand Udhwani and Gaurang Parmanand Shah.
Last AGM: 18 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹113.15 Cr, a growth of 47% compared to the previous year.
The company has a workforce of approximately 57 employees as per the latest available data.
The company is associated with 1 brand - Hec Infra Projects. As per MCA filings, the company has open charges of ₹91.84 Cr and satisfied charges of ₹74.99 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hecprojects.in.
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Registered AddressSigma 1 Corporate House No.6 Sindhu Bhawan Road Nr.Mahan Party Plot Crossroa, D Bodakdev, Ahmedabad, Gujarat, India – 380054
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IndustryEngineering, Engineering, Procurement & Construction (EPC)
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Hec Infra Projects Limited
Hec Infra Projects Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200GJ2005PLC046870, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ2005PLC046870 | Current |
| U45200GJ2005PTC046870 | Previous |
| U45200GJ2005PLC046870 | Previous |
Associated Brands with Hec Infra Projects Limited
Hec Infra Projects Limited operates one associated brand: HEC Infra Projects. These brands represent Hec Infra Projects Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Infrastructure projects are developed by HEC Infra Projects in India. | hecprojects.in |
Business Activity of Hec Infra Projects Limited
Hec Infra Projects Limited is engaged in the principal business activity of construction, with detailed activities including demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | ********* |
Auditor Details of Hec Infra Projects Limited
Hec Infra Projects Limited is audited by KDN & ASSOCIATES LLP (ICAI peer reviewed, certificate valid till 2027-04-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| KDN & ASSOCIATES LLP (ICAI peer reviewed, certificate valid till 2027-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Hec Infra Projects Limited
Hec Infra Projects Limited is currently managed by 8 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajkumari Ramchand Udhwani | Director | 25 Jan 2025 | 1 Years 5 Months | Current |
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Gaurang Parmanand Shah
Also directs:
Highvolt Power And Control Systems Private Limited
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Managing Director | 06 Oct 2005 | 20 Years 9 Months | Current |
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Rupal Gaurang Shah
Also directs:
Highvolt Power And Control Systems Private Limited
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Whole-Time Director | 06 Oct 2005 | 20 Years 9 Months | Current |
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Yash Hineshkumar Mehta
Also directs:
Agarwal & Mehta Company Secretaries Llp
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Director | 25 Jan 2025 | 1 Years 5 Months | Current |
| Arvindkumar Haribhai Patel | Cfo | 04 Jan 2024 | 2 Years 6 Months | Current |
| Khushi Rajendra Bhatt | Company Secretary | 03 Jan 2022 | 4 Years 6 Months | Current |
Financials of Hec Infra Projects Limited FY 2026 filings available
Hec Infra Projects Limited reported revenue of ₹176.49 Cr (up 57.44% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹176.49 Cr | ₹112.1 Cr | ₹73.79 Cr | ₹51.73 Cr | ₹43.72 Cr |
| Other Income | ₹1.54 Cr | ₹1.05 Cr | ₹3.35 Cr | ₹1.34 Cr | ₹75.05 Lakh |
| Total Income | ₹178.03 Cr | ₹113.15 Cr | ₹77.14 Cr | ₹53.08 Cr | ₹44.48 Cr |
| Cost of Materials Consumed | ₹130.68 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹45.5 Cr | ₹30.03 Cr | ₹23.56 Cr | ₹25.39 Cr |
| Changes in Inventories | -₹32.06 Cr | ₹35.04 Lakh | ₹5.69 Cr | -₹20.93 Lakh | -₹74.28 Lakh |
| Employee Benefit Expense | ₹4.37 Cr | ₹3.84 Cr | ₹3.3 Cr | ₹3.33 Cr | ₹3.65 Cr |
| Finance Costs | ₹3.94 Cr | ₹3.16 Cr | ₹1.82 Cr | ₹3.23 Cr | ₹2.6 Cr |
| Depreciation & Amortisation | ₹14.7 Lakh | ₹14.02 Lakh | ₹16.64 Lakh | ₹22.04 Lakh | ₹23.5 Lakh |
| Other Expenses | ₹53.36 Cr | ₹48.46 Cr | ₹29.41 Cr | ₹21.74 Cr | ₹12.79 Cr |
| Total Expenses | ₹160.42 Cr | ₹101.45 Cr | ₹70.42 Cr | ₹51.87 Cr | ₹43.92 Cr |
| Profit Before Exceptional Items & Tax | ₹17.61 Cr | ₹11.7 Cr | ₹6.72 Cr | ₹1.2 Cr | ₹55.79 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹17.61 Cr | ₹11.7 Cr | ₹6.72 Cr | ₹1.2 Cr | ₹55.79 Lakh |
| Total Tax Expense | ₹5.01 Cr | ₹2.46 Cr | ₹1.9 Cr | ₹41.47 Lakh | ₹14.57 Lakh |
| Net Profit | ₹12.6 Cr | ₹9.24 Cr | ₹4.82 Cr | ₹78.83 Lakh | ₹51.45 Lakh |
| attributable to Owners | - | - | - | - | ₹0 |
| attributable to NCI | - | - | - | - | ₹0 |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹12.6 Cr | ₹9.24 Cr | ₹4.82 Cr | ₹78.83 Lakh | ₹51.45 Lakh |
| EBITDA (computed) | ₹21.7 Cr | ₹15 Cr | ₹8.71 Cr | ₹4.65 Cr | ₹3.39 Cr |
| Basic EPS | ₹11.63 | ₹9.08 | ₹4.65 | ₹0.78 | ₹0.51 |
| Diluted EPS | ₹11.63 | ₹9.08 | ₹4.65 | ₹0.78 | ₹0.51 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹135.48 Cr | ₹106.16 Cr | ₹79 Cr | ₹84.8 Cr |
| Non-current Assets | ₹30.89 Cr | ₹37.97 Cr | ₹9.37 Cr | ₹7.29 Cr |
| Current Assets | ₹104.59 Cr | ₹68.19 Cr | ₹69.63 Cr | ₹77.51 Cr |
| Property, Plant & Equipment | ₹1.22 Cr | ₹1.31 Cr | ₹1.46 Cr | ₹1.93 Cr |
| Inventories | ₹41.82 Cr | ₹9.75 Cr | ₹10.1 Cr | ₹15.79 Cr |
| Trade Receivables | ₹26.8 Cr | ₹47.51 Cr | ₹15.04 Cr | ₹30.11 Cr |
| Cash & Equivalents | ₹1.4 Cr | ₹92.73 Lakh | ₹3.71 Cr | ₹2.94 Cr |
| Equity (Net Worth) | ₹65.74 Cr | ₹53.14 Cr | ₹34.86 Cr | ₹30.14 Cr |
| Equity Share Capital | ₹10.84 Cr | ₹10.84 Cr | ₹10.14 Cr | ₹10.14 Cr |
| Borrowings (Non-current) | ₹0 | ₹32.1 Lakh | ₹24.62 Cr | ₹21.26 Cr |
| Borrowings (Current) | ₹44.38 Cr | ₹37.57 Cr | ₹5.59 Cr | ₹8.17 Cr |
| Total Debt (computed) | ₹44.38 Cr | ₹37.89 Cr | ₹30.21 Cr | ₹29.43 Cr |
| Current Liabilities | ₹69.28 Cr | ₹52.54 Cr | ₹19.36 Cr | ₹33.18 Cr |
| Total Liabilities | ₹69.74 Cr | ₹53.02 Cr | ₹44.13 Cr | ₹54.65 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹3.04 Cr | -₹26 Cr | ₹7.04 Cr | ₹8.41 Cr | -₹3.56 Cr |
| Investing Cash Flow | -₹5.28 Cr | ₹1.03 Cr | ₹3.6 Cr | ₹19.68 Lakh | ₹25.8 Lakh |
| Financing Cash Flow | ₹2.71 Cr | ₹15.52 Cr | -₹2.09 Cr | -₹8.38 Cr | ₹1.95 Cr |
| Capital Expenditure | ₹6.88 Lakh | ₹0 | ₹92,000 | ₹12.58 Lakh | ₹8.46 Lakh |
| Free Cash Flow (computed) | ₹2.98 Cr | -₹26 Cr | ₹7.03 Cr | ₹8.28 Cr | -₹3.64 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹2.6 Cr |
| Net Change in Cash | ₹47.01 Lakh | -₹9.46 Cr | ₹8.55 Cr | ₹22.07 Lakh | -₹1.35 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹50.73 Cr | ₹57.35 Cr | ₹40.5 Cr | ₹27.91 Cr | ₹46.5 Cr | ₹27.54 Cr | ₹20.04 Cr | ₹18.02 Cr | ₹28.18 Cr | ₹17.09 Cr | ₹15.27 Cr | ₹13.26 Cr |
| Other Income | ₹78.93 Lakh | ₹41.94 Lakh | ₹32.46 Lakh | ₹63,000 | -₹13.32 Lakh | ₹25.1 Lakh | ₹70.35 Lakh | ₹23.19 Lakh | ₹17.65 Lakh | ₹3.01 Cr | ₹8.08 Lakh | ₹8.57 Lakh |
| Total Income | ₹51.52 Cr | ₹57.77 Cr | ₹40.82 Cr | ₹27.91 Cr | ₹46.37 Cr | ₹27.79 Cr | ₹20.74 Cr | ₹18.25 Cr | ₹28.35 Cr | ₹20.09 Cr | ₹15.35 Cr | ₹13.34 Cr |
| Cost of Materials Consumed | ₹34.08 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹53.43 Cr | ₹29.22 Cr | ₹13.92 Cr | ₹13.66 Cr | ₹11.18 Cr | ₹6.77 Cr | ₹14.39 Cr | ₹8.71 Cr | ₹8.12 Cr | ₹4.5 Cr | ₹8.7 Cr |
| Changes in Inventories | -₹7.87 Cr | -₹17.45 Cr | -₹1.43 Cr | -₹5.29 Cr | -₹85.17 Lakh | -₹1.71 Cr | ₹4.74 Cr | -₹2.31 Cr | ₹5.05 Cr | -₹2.21 Cr | ₹54.63 Lakh | ₹2.3 Cr |
| Employee Benefit Expense | ₹1.23 Cr | ₹88.09 Lakh | ₹1.28 Cr | ₹96.49 Lakh | ₹1.21 Cr | ₹95.13 Lakh | ₹87.8 Lakh | ₹80.73 Lakh | ₹1.23 Cr | ₹86.05 Lakh | ₹80.37 Lakh | ₹50.37 Lakh |
| Finance Costs | ₹92.95 Lakh | ₹1.4 Cr | ₹88.1 Lakh | ₹72.6 Lakh | ₹1.34 Cr | ₹87.17 Lakh | ₹69.6 Lakh | ₹24.7 Lakh | ₹2.96 Lakh | ₹51.12 Lakh | ₹70.25 Lakh | ₹57.91 Lakh |
| Depreciation & Amortisation | ₹3.6 Lakh | ₹3.8 Lakh | -₹6.87 Lakh | ₹14.16 Lakh | -₹9.83 Lakh | ₹8.51 Lakh | ₹10.35 Lakh | ₹10.36 Lakh | ₹7,000 | ₹5.25 Lakh | ₹5.81 Lakh | ₹5.51 Lakh |
| Other Expenses | ₹14.2 Cr | ₹15.59 Cr | ₹7.88 Cr | ₹15.71 Cr | ₹23.56 Cr | ₹14.5 Cr | ₹6.48 Cr | ₹3.93 Cr | ₹11.4 Cr | ₹8.98 Cr | ₹8.09 Cr | ₹93.34 Lakh |
| Total Expenses | ₹42.6 Cr | ₹53.89 Cr | ₹37.78 Cr | ₹26.17 Cr | ₹38.81 Cr | ₹25.87 Cr | ₹19.66 Cr | ₹17.16 Cr | ₹26.43 Cr | ₹16.31 Cr | ₹14.7 Cr | ₹13.07 Cr |
| Profit Before Exceptional Items & Tax | ₹8.92 Cr | ₹3.88 Cr | ₹3.05 Cr | ₹1.74 Cr | ₹7.56 Cr | ₹1.92 Cr | ₹1.08 Cr | ₹1.09 Cr | ₹1.93 Cr | ₹3.78 Cr | ₹64.4 Lakh | ₹26.83 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹8.92 Cr | ₹3.88 Cr | ₹3.05 Cr | ₹1.74 Cr | ₹7.56 Cr | ₹1.92 Cr | ₹1.08 Cr | ₹1.09 Cr | ₹1.93 Cr | ₹3.78 Cr | ₹64.4 Lakh | ₹26.83 Lakh |
| Total Tax Expense | ₹2.82 Cr | ₹96.58 Lakh | ₹81.49 Lakh | ₹41.09 Lakh | ₹1.88 Cr | ₹48.87 Lakh | -₹14.89 Lakh | ₹25.62 Lakh | ₹1.67 Cr | ₹0 | ₹0 | ₹6.98 Lakh |
| Net Profit | ₹6.1 Cr | ₹2.92 Cr | ₹2.23 Cr | ₹1.33 Cr | ₹5.67 Cr | ₹1.43 Cr | ₹1.23 Cr | ₹83.53 Lakh | ₹25.87 Lakh | ₹3.78 Cr | ₹64.4 Lakh | ₹19.85 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹6.1 Cr | ₹2.92 Cr | ₹2.23 Cr | ₹1.33 Cr | ₹5.67 Cr | ₹1.43 Cr | ₹1.23 Cr | ₹83.53 Lakh | ₹25.87 Lakh | ₹3.78 Cr | ₹64.4 Lakh | ₹19.85 Lakh |
| EBITDA (computed) | ₹9.88 Cr | ₹5.32 Cr | ₹3.86 Cr | ₹2.61 Cr | ₹8.8 Cr | ₹2.88 Cr | ₹1.88 Cr | ₹1.44 Cr | ₹1.96 Cr | ₹4.34 Cr | ₹1.4 Cr | ₹90.25 Lakh |
| Basic EPS | ₹5.63 | ₹2.69 | ₹2.06 | ₹1.23 | ₹5.58 | ₹1.41 | ₹1.21 | ₹0.82 | ₹0.26 | ₹3.73 | ₹0.64 | ₹0.20 |
| Diluted EPS | ₹5.63 | ₹2.69 | ₹2.06 | ₹1.23 | ₹5.58 | ₹1.41 | ₹1.21 | ₹0.82 | ₹0.26 | ₹3.73 | ₹0.64 | ₹0.20 |
Board & Governance of Hec Infra Projects Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Hec Infra Projects Limited has 6 directors - 3 independent and 3 executive. The board is chaired by GAURANG PARMANAND SHAH.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| GAURANG PARMANAND SHAH | Executive Director · MD · Chairperson | 2005-10-06 | 1 |
| RUPAL GAURANG SHAH | Executive Director | 2005-10-06 | 1 |
| RAHUL GAURANG SHAH | Executive Director | 2021-06-25 | 1 |
| YASH HINESHKUMAR MEHTA | Non-Executive - Independent Director | 2025-01-25 | 1 |
| RONAK ASHOKBHAI MEHTA | Non-Executive - Independent Director | 2025-01-25 | 4 |
| RAJKUMARI RAMCHAND UDHWANI | Non-Executive - Independent Director | 2025-01-25 | 3 |
| Committee | Members |
|---|---|
| Audit Committee | YASH HINESHKUMAR MEHTA (Chairperson), RAJKUMARI RAMCHAND UDHWANI, GAURANG PARMANAND SHAH |
| Nomination and remuneration committee | RAJKUMARI RAMCHAND UDHWANI (Chairperson), YASH HINESHKUMAR MEHTA, RONAK ASHOKBHAI MEHTA |
| Stakeholders Relationship Committee | RAJKUMARI RAMCHAND UDHWANI (Chairperson), RAHUL GAURANG SHAH, GAURANG PARMANAND SHAH |
Charges & Borrowings of Hec Infra Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 May 2023 | Others | ₹3.67 Cr | Open |
| 04 Dec 2020 | Others | ₹16.8 Lakh | Open |
| 01 Oct 2009 | Bank of India | ₹44 Cr | Open |
| 24 Sep 2009 | Bank of India | ₹44 Cr | Open |
| 16 Aug 2024 | Others | ₹45 Cr | Satisfied |
Total charge records: 20 View all charges
Employees and EPFO Compliance at Hec Infra Projects Limited
View historical data on people associated with Hec Infra Projects Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Hec Infra Projects Limited
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GST Compliance of Hec Infra Projects Limited
GSTIN & GST Filing Data of Hec Infra Projects Limited
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Credit Ratings, Litigation & Regulatory Alerts for Hec Infra Projects Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Hec Infra Projects Limited
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MSME Payment Delays by Hec Infra Projects Limited
MSME Payment Delays by Hec Infra Projects Limited
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Subsidiaries & Group Companies of Hec Infra Projects Limited
Subsidiaries & Group Companies of Hec Infra Projects Limited
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MCA Filings & Documents of Hec Infra Projects Limited
MCA Filings & Documents of Hec Infra Projects Limited
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Recent Activity on Hec Infra Projects Limited
Frequently Asked Questions about Hec Infra Projects Limited
Hec Infra Projects Limited is an active public limited company in the engineering sector based in Ahmedabad, Gujarat, India. It was incorporated on 06 October 2005 (21+ years old) and is registered under CIN L45200GJ2005PLC046870. Listed on NSE: HECPROJECT. The company has 57 employees.
Hec Infra Projects Limited reported revenue of ₹113.15 Cr for FY 2025 (up 47.00% YoY).
The current directors of Hec Infra Projects Limited are:
- Rajkumari Ramchand Udhwani
- Gaurang Parmanand Shah
- Rupal Gaurang Shah
- Yash Hineshkumar Mehta
- Khushi Rajendra Bhatt
- Arvindkumar Haribhai Patel
- Ronak Ashokbhai Mehta
- Rahul Gaurang Shah
The primary industry of Hec Infra Projects Limited is engineering. The company specifically operates in engineering. The company is currently active in this sector.
Yes. Hec Infra Projects Limited is listed on NSE with symbol HECPROJECT.
Hec Infra Projects Limited can be reached at the registered office: Sigma 1 Corporate House No.6 Sindhu Bhawan Road Nr.Mahan Party Plot Crossroa, D Bodakdev, Ahmedabad, Gujarat, India – 380054, or through the website hecprojects.in.