HEC Infra ProjectsNSE:HECPROJECT +0.08%90 ROE % is 37.11% as of Mar. 2026, which is 257% above its 10-year median of 10.39. 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 1,737 Construction companies, HEC Infra Projects ranks better than 85.84% on this metric.
The historical rank and industry rank for HEC Infra Projects's ROE % or its related term are showing as below:
NSE:HECPROJECT'
s ROE % Range Over the Past 10 Years
Min: 1.08 Med: 10.39 Max: 21.49
Current: 21.49
During the past 12 years, HEC Infra Projects's highest ROE % was 21.49%. The lowest was 1.08%. And the median was 10.39%.
NSE:HECPROJECT's ROE % is ranked better than 85.84% of 1737
companies
in the Construction industry
Industry Median: 6.7
vs NSE:HECPROJECT: 21.49
HEC Infra Projects (NSE:HECPROJECT) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
HEC Infra Projects ROE % Related Terms
HEC Infra Projects ROE % Historical Data
* Premium members only.
The historical data trend for HEC Infra Projects's ROE % 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.
For the Engineering & Construction subindustry, HEC Infra Projects's ROE %, along with its competitors' market caps and ROE % 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 % vs Construction Industry
For the Construction industry and Industrials sector, HEC Infra Projects's ROE % distribution charts can be found below:
* The bar in red indicates where HEC Infra Projects's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
HEC Infra Projects (NSE:HECPROJECT) has a ROE % of 37.11% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on HEC Infra Projects and its competitors. This is 257% above median its historical median of 10.39. Over the past decade, HEC Infra Projects' ROE % has ranged from 1.08 to 21.49. According to the industry distribution chart, HEC Infra Projects ranks #246 out of 1737 companies in the Construction industry, placing it in the top 14.2%.
Is HEC Infra Projects' ROE % too high?
HEC Infra Projects' current ROE % of 37.11% is 257% above median its 10-year median of 10.39. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 21.49. The Construction industry median ROE % is 6.70. HEC Infra Projects' value of 37.11% is 453.9% above this industry median. Based on the distribution chart, HEC Infra Projects ranks #246 out of 1737 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 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HEC Infra Projects' ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, HEC Infra Projects ranks #246 out of 1737 companies for ROE %. This places HEC Infra Projects in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 6.70. HEC Infra Projects' value of 37.11% is 453.9% above this benchmark. Historically, HEC Infra Projects' own ROE % has ranged from 1.08 to 21.49 over the past decade. While the company's 10-year median is 10.39 vs. the industry median of 6.70, 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 ROE % for a Construction company?
The median ROE % among Construction companies is 6.70, based on 1,737 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HEC Infra Projects's current ROE % of 37.11% is 453.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on HEC Infra Projects and its competitors. For the Construction industry, the median ROE % is 6.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEC Infra Projects's current ROE % is 37.11%, which is 257% above median its own 10-year median of 10.39. 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 % is 37.11%, which is 257% above median its 10-year median of 10.39 and 453.9% above the Construction industry median of 6.70. 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 % calculated?
ROE % is calculated from a company's financial statements. For HEC Infra Projects (NSE:HECPROJECT), the current ROE % is 37.11% 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 %: 37.11% (257% above median its 10-year median of 10.39)
GF Value™: ₹204.10 vs. price of ₹139.91 (31.5% below fair value)
Industry Position: 453.9% above the Construction median (#246 of 1737)
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.
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