HEC Infra Projects (NSE:HECPROJECT) ROE % Adjusted to Book Value: 23.49% (As of Mar. 2026)


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 ROE % Adjusted to Book Value?

HEC Infra Projects NSE:HECPROJECT +0.08% 90 ROE % Adjusted to Book Value is 23.49% as of Mar. 2026. 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.

HEC Infra Projects's ROE % for the quarter that ended in Mar. 2026 was 37.11%. HEC Infra Projects's PB Ratio for the quarter that ended in Mar. 2026 was 1.58. HEC Infra Projects's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 23.49%.


HEC Infra Projects ROE % Adjusted to Book Value Related Terms


HEC Infra Projects ROE % Adjusted to Book Value Historical Data

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The historical data trend for HEC Infra Projects's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

HEC Infra Projects Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 2.70 7.33 11.61 13.42

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
ROE % Adjusted to Book Value 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 23.60 0.00 5.43 0.00 23.49

NSE:HECPROJECT vs PWR, FIX, EME: ROE % Adjusted to Book Value Comparison

For the Engineering & Construction subindustry, HEC Infra Projects's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Construction Industry

For the Construction industry and Industrials sector, HEC Infra Projects's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where HEC Infra Projects's ROE % Adjusted to Book Value falls into.


NSE:HECPROJECT
90GF Score
HEC Infra Projects Ltd NSE:HECPROJECT
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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HEC Infra Projects ROE % Adjusted to Book Value Calculation

HEC Infra Projects's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=21.20% / 1.58
=13.42%

HEC Infra Projects's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=37.11% / 1.58
=23.49%

* 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.

What does a ROE % Adjusted to Book Value of 23.49% mean?
HEC Infra Projects (NSE:HECPROJECT) has a ROE % Adjusted to Book Value of 23.49% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on HEC Infra Projects and its competitors.
Is HEC Infra Projects' ROE % Adjusted to Book Value too high?
HEC Infra Projects' current ROE % Adjusted to Book Value is 23.49%. 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' ROE % Adjusted to Book Value compare to PWR and FIX?
HEC Infra Projects' ROE % Adjusted to Book Value of 23.49% can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Construction company?
A good ROE % Adjusted to Book Value depends on the Construction industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on HEC Infra Projects and its competitors. HEC Infra Projects's current ROE % Adjusted to Book Value is 23.49%. 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 ROE % Adjusted to Book Value is 23.49%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For HEC Infra Projects (NSE:HECPROJECT), the current ROE % Adjusted to Book Value is 23.49% 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:

  • ROE % Adjusted to Book Value: 23.49%
  • GF Value™: ₹204.10 vs. price of ₹139.91 (31.5% below fair value)
  • GF Score™: 90/100 with 2 warning signs

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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹139.91
Price
₹204.10
GF Value