HEC Infra Projects (NSE:HECPROJECT) Days Payable: 36.94 (As of Mar. 2026) — 85% Below Median


NSE:HECPROJECT HEC Infra Projects Ltd NSE:HECPROJECT
90 GF Score
Price ₹139.91
GF Value ₹204.10
Valuation Significantly Undervalued
! 2 Warning Signs
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What is HEC Infra Projects Days Payable?

HEC Infra Projects NSE:HECPROJECT +0.08% 90 Days Payable is 36.94 as of Mar. 2026, which is 85% below its 10-year median of 239.52. GuruFocus rates NSE:HECPROJECT with a GF Score™ of 90/100 and a GF Value™ of ₹204.10 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,708 Construction companies, HEC Infra Projects ranks worse than 67.92% on this metric.

HEC Infra Projects's average Accounts Payable for the three months ended in Mar. 2026 was ₹161 Mil. HEC Infra Projects's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹398 Mil. Hence, HEC Infra Projects's Days Payable for the three months ended in Mar. 2026 was 36.94.

The historical rank and industry rank for HEC Infra Projects's Days Payable or its related term are showing as below:

NSE:HECPROJECT' s Days Payable Range Over the Past 10 Years
Min: 33.78   Med: 239.52   Max: 568.77
Current: 53.01

During the past 12 years, HEC Infra Projects's highest Days Payable was 568.77. The lowest was 33.78. And the median was 239.52.

NSE:HECPROJECT's Days Payable is ranked worse than
67.92% of 1708 companies
in the Construction industry
Industry Median: 76.635 vs NSE:HECPROJECT: 53.01

HEC Infra Projects's Days Payable increased from Mar. 2025 (30.75) to Mar. 2026 (36.94). It may suggest that HEC Infra Projects delayed paying its suppliers.


HEC Infra Projects Days Payable Historical Data

* Premium members only.

The historical data trend for HEC Infra Projects's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HEC Infra Projects Days Payable Chart

HEC Infra Projects Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 305.87 315.25 167.50 42.94 33.78

HEC Infra Projects Quarterly Data
Dec20 Mar21 Sep21 Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.75 123.86 69.15 53.42 36.94

NSE:HECPROJECT vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, HEC Infra Projects's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HEC Infra Projects Days Payable vs Construction Industry

For the Construction industry and Industrials sector, HEC Infra Projects's Days Payable distribution charts can be found below:

* The bar in red indicates where HEC Infra Projects's Days Payable falls into.


NSE:HECPROJECT
90GF Score
HEC Infra Projects Ltd NSE:HECPROJECT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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HEC Infra Projects Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

HEC Infra Projects's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (117.065 + 161.293) / 2 ) / 1503.775*365
=139.179 / 1503.775*365
=33.78

HEC Infra Projects's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 161.293) / 1 ) / 398.408*365 / 4
=161.293 / 398.408*365 / 4
=36.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 36.94 mean?
HEC Infra Projects (NSE:HECPROJECT) has a Days Payable of 36.94 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on HEC Infra Projects and its competitors. This is 85% below median its historical median of 239.52. Over the past decade, HEC Infra Projects' Days Payable has ranged from 33.78 to 568.77. According to the industry distribution chart, HEC Infra Projects ranks #1160 out of 1708 companies in the Construction industry, placing it in the top 67.9%.
Is HEC Infra Projects' Days Payable too high?
HEC Infra Projects' current Days Payable of 36.94 is 85% below median its 10-year median of 239.52. Over the past 10 years, this metric has ranged from a low of 33.78 to a high of 568.77. The Construction industry median Days Payable is 76.64. HEC Infra Projects' value of 36.94 is 51.8% below this industry median. Based on the distribution chart, HEC Infra Projects ranks #1160 out of 1708 companies in the Construction industry, which is below the industry midpoint. Overall, HEC Infra Projects has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HEC Infra Projects' Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, HEC Infra Projects ranks #1160 out of 1708 companies for Days Payable. This places HEC Infra Projects in the lower half of its industry. The industry median Days Payable is 76.64. HEC Infra Projects' value of 36.94 is 51.8% below this benchmark. Historically, HEC Infra Projects' own Days Payable has ranged from 33.78 to 568.77 over the past decade. While the company's 10-year median is 239.52 vs. the industry median of 76.64, HEC Infra Projects has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Construction company?
The median Days Payable among Construction companies is 76.64, based on 1,708 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HEC Infra Projects's current Days Payable of 36.94 is 51.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on HEC Infra Projects and its competitors. For the Construction industry, the median Days Payable is 76.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEC Infra Projects's current Days Payable is 36.94, which is 85% below median its own 10-year median of 239.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEC Infra Projects stock overvalued right now?
Based on GuruFocus' analysis, HEC Infra Projects (NSE:HECPROJECT) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹204.10, compared to a current price of ₹139.91 — trading 31.5% below its estimated fair value. The current Days Payable is 36.94, which is 85% below median its 10-year median of 239.52 and 51.8% below the Construction industry median of 76.64. HEC Infra Projects' overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For HEC Infra Projects (NSE:HECPROJECT), the current Days Payable is 36.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HEC Infra Projects (NSE:HECPROJECT) Overvalued in 2026?

Based on GuruFocus' analysis, HEC Infra Projects stock appears to be undervalued. The current stock price of ₹139.91 is trading 31.5% below its estimated GF Value™ of ₹204.10. GuruFocus considers HEC Infra Projects to be Significantly Undervalued.

Key valuation signals for NSE:HECPROJECT:

  • Days Payable: 36.94 (85% below median its 10-year median of 239.52)
  • GF Value™: ₹204.10 vs. price of ₹139.91 (31.5% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 51.8% below the Construction median (#1160 of 1708)

No single metric tells the full story. See the NSE:HECPROJECT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HEC Infra Projects Business Description

Address Sindhu Bhavan Road, Sigma 1 Corporate, Corporate House No. 6, Near Mahan Party Plot Cross Road, Bodakdev, Ahmedabad, GJ, IND, 380054
HEC Infra Projects Ltd is an Engineering, Procurement and Construction Company Contractor in the Electro-Mechanical and Instrumentation Projects. The company services include switchyards; overhead transmission; substations, underground cable lying; Industrial and commercial electrification, battery energy storage system and mini / micro grid Solar projects water pumping stations; solar park; rooftop solar; indoor and outdoor lighting; security; fire alarm systems and others. It serves Steel, Chemical, Cement, Refineries, Petrochemicals, Gas and Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Banks, Malls, Call Centers, Software Park; and other industries. It is engaged in the EPC Electro-Mechanical Project Business which is their only segment.
90GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹139.91
Price
₹204.10
GF Value