Stock under ₹100 jumps 5% after receiving ₹12 Cr order from Ahmedabad Municipal Corp

The shares of the electrical engineering services provider gained up to 5 percent after the company bagged significant work orders from Ahmedabad Municipal Corporation worth Rs 12.50 crore. 

Price Movement 

With a market capitalization of Rs 98.54 crore, the shares of HEC Infra Projects Ltd were trading at Rs 96.4 per share, increasing around 2 percent as compared to the previous closing price of Rs 97.3 apiece. 

Reason for Rise 

The shares of HEC Infra Projects Ltd have seen positive movement after bagging significant work orders from Ahmedabad Municipal Corporation worth Rs 12.50 crore for upgradation/augmentation of electro-mechanical &instrumentation including Civil works for Clear Water pump house at 200 MLD WTD at Kotarpur of AMC. 

Financial performance 

Examining the company’s financial condition, its revenue zoomed by 58 percent from Rs 17.09 crore in Q3FY24 to Rs 27.54 crore in Q3FY25, and during the same time frame, net profit plummeted by 62 percent from Rs 3.78 crore to Rs 1.43 crore. 

Also read: Microcap stock jumps over 4% after promoter increases stake in the company

Services Offered 

The company offers services in substations, overhead transmission, cable laying, solar power plants, industrial works, outdoor lighting, and building projects. These diverse offerings position it across key infrastructure and energy sectors, supporting growth in power distribution, renewable energy, and construction. 

Clientele 

The company serves prominent clients across various industries, including Adani Ports & Logistics, Essar Oil & Gas, Mother Dairy, Elgi, GM, Hindalco, Mafatlal, and Reliance Industries. These partnerships highlight its strong market presence and credibility, catering to leading names in logistics, energy, automotive, manufacturing, and consumer goods. 

Ratio analysis 

The company’s critical ratios show that the return on equity increased from 2.61 percent in FY22-23 to13.52 percent in FY23-24, while the return on capital employed increased from 8.58 percent to 14.03 percent. The net profit margin (NPM) for fiscal year 23-24 is 6.39 percent.

Company Profile 

HEC Infra Projects Limited is an India-based company, which provides electrical engineering services. The Company is an electrical and electro-mechanical contractor for clients and consultants. The Company provides services relating to the electro-mechanical project sector. 

Written by Abhishek Singh

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