HEC Infra Projects Limited — PPTs, 24-05-2025: Investor Presentation

1. Financial Highlights:

HEC Infra Projects reported total revenue of ₹113.15 Cr in FY25, up 47% from ₹77.14 Cr in FY24. EBITDA increased to ₹15.00 Cr with a margin of 13.25%, versus ₹8.61 Cr (11.16%) last year. Net profit more than doubled to ₹9.24 Cr (8.17% margin) from ₹4.72 Cr. The balance sheet shows a net worth of ₹53.14 Cr and borrowings rising to ₹37.57 Cr from ₹5.59 Cr, reflecting leveraged growth. Trade receivables jumped to ₹47.51 Cr. Operating cash flow was negative ₹26 Cr due to working capital pressures, partly offset by investing and financing activities.

2. Strategic Initiatives & Growth Drivers:

HEC focuses on scaling short-cycle, high-return EPC projects (6-12 months execution). It plans backward integration by acquiring transformer manufacturers to optimize input costs and margins. Growth areas include transmission, substations, municipal and industrial water treatment, and battery energy storage systems (BESS), aligning with grid modernization and renewable energy trends.

3. Business Developments:

The ₹326 Cr order book holds ₹203 Cr unexecuted, including clients like GETCO, HVPNL, Tata Power Solar, and Rail Vikas Nigam. Recent wins span substations, transmission lines, water treatment, and industrial electrification across 6 states. Landmark projects include a ₹65 Cr Alstom power switchyard and ₹62 Cr RVNL GIS substations.

4. Market Position & Competitive Advantage:

With 300+ projects delivered, HEC is a leading turnkey EPC player in extra-high voltage transmission and distribution. Its integrated design-to-commissioning approach enhances technical quality, cost control, and speed. A diversified six-vertical portfolio reduces risk exposure and leverages India’s ₹9 trillion power sector expansion. Trusted by 50+ marquee clients, HEC benefits from deep industry expertise and scale.

5. Investor Implications:

HEC shows promising growth potential driven by scalable, high-margin projects and strategic backward integration. Strong order visibility and alignment with India’s grid modernization and renewables boost the outlook. Investors should note execution risk from working capital and leverage, though operational discipline and cash focus support sustainable growth. Overall, HEC is well placed to capitalize on India’s electrification and clean energy infrastructure expansion.