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HEC Infra ProjectsNSE:HECPROJECT -0.54%89 Return-on-Tangible-Asset is 18.01% as of Mar. 2026, which is 481% above its 10-year median of 3.10. GuruFocus rates NSE:HECPROJECT with a GF Score™ of 89/100 and a GF Value™ of ₹206.54 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,780 Construction companies, HEC Infra Projects ranks better than 86.01% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. HEC Infra Projects's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹244 Mil. HEC Infra Projects's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,355 Mil. Therefore, HEC Infra Projects's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.01%.
The historical rank and industry rank for HEC Infra Projects's Return-on-Tangible-Asset or its related term are showing as below:
NSE:HECPROJECT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.37 Med: 3.1 Max: 10.43
Current: 10.22
During the past 12 years, HEC Infra Projects's highest Return-on-Tangible-Asset was 10.43%. The lowest was 0.37%. And the median was 3.10%.
NSE:HECPROJECT's Return-on-Tangible-Asset is ranked better than 86.01% of 1780
companies
in the Construction industry
Industry Median: 3.06
vs NSE:HECPROJECT: 10.22
HEC Infra Projects (NSE:HECPROJECT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
HEC Infra Projects Return-on-Tangible-Asset Related Terms
HEC Infra Projects Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for HEC Infra Projects's Return-on-Tangible-Asset 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.
NSE:HECPROJECT vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, HEC Infra Projects's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, HEC Infra Projects's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HEC Infra Projects's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.01% mean?
HEC Infra Projects (NSE:HECPROJECT) has a Return-on-Tangible-Asset of 18.01% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on HEC Infra Projects and its competitors. This is 481% above median its historical median of 3.10. Over the past decade, HEC Infra Projects' Return-on-Tangible-Asset has ranged from 0.37 to 10.43. According to the industry distribution chart, HEC Infra Projects ranks #249 out of 1780 companies in the Construction industry, placing it in the top 14%.
Is HEC Infra Projects' Return-on-Tangible-Asset too high?
HEC Infra Projects' current Return-on-Tangible-Asset of 18.01% is 481% above median its 10-year median of 3.10. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 10.43. The Construction industry median Return-on-Tangible-Asset is 3.06. HEC Infra Projects' value of 18.01% is 488.6% above this industry median. Based on the distribution chart, HEC Infra Projects ranks #249 out of 1780 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, HEC Infra Projects has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HEC Infra Projects' Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, HEC Infra Projects ranks #249 out of 1780 companies for Return-on-Tangible-Asset. This places HEC Infra Projects in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. HEC Infra Projects' value of 18.01% is 488.6% above this benchmark. Historically, HEC Infra Projects' own Return-on-Tangible-Asset has ranged from 0.37 to 10.43 over the past decade. While the company's 10-year median is 3.10 vs. the industry median of 3.06, 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 Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,780 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HEC Infra Projects's current Return-on-Tangible-Asset of 18.01% is 488.6% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on HEC Infra Projects and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEC Infra Projects's current Return-on-Tangible-Asset is 18.01%, which is 481% above median its own 10-year median of 3.10. 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 ₹206.54, compared to a current price of ₹139.46 — trading 32.5% below its estimated fair value. The current Return-on-Tangible-Asset is 18.01%, which is 481% above median its 10-year median of 3.10 and 488.6% above the Construction industry median of 3.06. HEC Infra Projects' overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For HEC Infra Projects (NSE:HECPROJECT), the current Return-on-Tangible-Asset is 18.01% 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 ₹139.46 is trading 32.5% below its estimated GF Value™ of ₹206.54.
GuruFocus considers HEC Infra Projects to be Significantly Undervalued.
Key valuation signals for NSE:HECPROJECT:
Return-on-Tangible-Asset: 18.01% (481% above median its 10-year median of 3.10)
GF Value™: ₹206.54 vs. price of ₹139.46 (32.5% below fair value)
Industry Position: 488.6% above the Construction median (#249 of 1780)
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.
89GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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