HEC Infra ProjectsNSE:HECPROJECT +0.08%90 Interest Coverage is 9.75 as of Mar. 2026, which is 141% above its 10-year median of 4.04. 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 1,352 Construction companies, HEC Infra Projects ranks worse than 60.58% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. HEC Infra Projects's
Operating Income
for the
three
months ended in Mar. 2026 was ₹91 Mil. HEC Infra Projects's Interest Expense for the
three
months ended in Mar. 2026 was ₹-9 Mil.
HEC Infra Projects's interest coverage for the quarter that ended in Mar. 2026 was 9.75.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for HEC Infra Projects's Interest Coverage or its related term are showing as below:
NSE:HECPROJECT'
s Interest Coverage Range Over the Past 10 Years
Min: 1.75 Med: 4.04 Max: 8.33
Current: 5.08
NSE:HECPROJECT's Interest Coverage is ranked worse than 60.58% of 1352
companies
in the Construction industry
Industry Median: 7.865
vs NSE:HECPROJECT: 5.08
HEC Infra Projects (NSE:HECPROJECT) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
HEC Infra Projects Interest Coverage Related Terms
HEC Infra Projects Interest Coverage Historical Data
* Premium members only.
The historical data trend for HEC Infra Projects's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:HECPROJECT vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, HEC Infra Projects's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, HEC Infra Projects's Interest Coverage distribution charts can be found below:
* The bar in red indicates where HEC Infra Projects's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (NSE:HECPROJECT) has a Interest Coverage of 9.75 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HEC Infra Projects and its competitors. This is 141% above median its historical median of 4.04. Over the past decade, HEC Infra Projects' Interest Coverage has ranged from 1.75 to 8.33. According to the industry distribution chart, HEC Infra Projects ranks #819 out of 1352 companies in the Construction industry, placing it in the top 60.6%.
Is HEC Infra Projects' Interest Coverage too high?
HEC Infra Projects' current Interest Coverage of 9.75 is 141% above median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 8.33. The Construction industry median Interest Coverage is 7.87. HEC Infra Projects' value of 9.75 is 24% above this industry median. Based on the distribution chart, HEC Infra Projects ranks #819 out of 1352 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' Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, HEC Infra Projects ranks #819 out of 1352 companies for Interest Coverage. This places HEC Infra Projects in the lower half of its industry. The industry median Interest Coverage is 7.87. HEC Infra Projects' value of 9.75 is 24% above this benchmark. Historically, HEC Infra Projects' own Interest Coverage has ranged from 1.75 to 8.33 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 7.87, HEC Infra Projects has consistently been above 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 Interest Coverage for a Construction company?
The median Interest Coverage among Construction companies is 7.87, based on 1,352 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HEC Infra Projects's current Interest Coverage of 9.75 is 24% above 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HEC Infra Projects and its competitors. For the Construction industry, the median Interest Coverage is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEC Infra Projects's current Interest Coverage is 9.75, which is 141% above median its own 10-year median of 4.04. 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 Interest Coverage is 9.75, which is 141% above median its 10-year median of 4.04 and 24% above the Construction industry median of 7.87. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For HEC Infra Projects (NSE:HECPROJECT), the current Interest Coverage is 9.75 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:
Interest Coverage: 9.75 (141% above median its 10-year median of 4.04)
GF Value™: ₹204.10 vs. price of ₹139.91 (31.5% below fair value)
Industry Position: 24% above the Construction median (#819 of 1352)
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 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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