---
title: "Shri Keshav Cements & Infra Ltd (530977) — Share Price, Financials & Analysis"
symbol: "530977"
company: "Shri Keshav Cements & Infra Ltd"
canonical: "https://tapetide.com/stocks/530977"
isin: "INE260E01014"
nse_symbol: "SHRIKESHAVCEMENTANDINFRALTD"
bse_code: "530977"
sector: "Construction"
industry: "Cement"
market_cap_cr: 169.87
generated_at: "2026-09-13T18:47:07.610Z"
---

# Shri Keshav Cements & Infra Ltd (530977)

Canonical page: https://tapetide.com/stocks/530977

## Company

- **NSE Symbol:** SHRIKESHAVCEMENTANDINFRALTD
- **BSE Code:** 530977
- **ISIN:** INE260E01014
- **Sector:** Construction
- **Industry:** Cement
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** keshavcement.com

## About

Incorporated in 1993, Shri Keshav Cements and Infra Ltd is in the business of manufacturing and trading in cement, trading in coal, and petroleum products, and in the business of generation and distribution of solar energy[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:42:07.528932Z.

- **Market Cap:** ₹169.87 Cr
- **Classification:** Microcap
- **P/E (reported):** -11.6
- **EPS (TTM):** ₹-8.44
- **EPS (reported):** ₹6.3
- **Book Value:** ₹51.21
- **Price to Book:** 1.92
- **Dividend Yield:** 0%
- **ROE:** -7.28%
- **ROCE:** 6.27%
- **Debt to Equity:** 2.63
- **Revenue (yearly):** ₹164.6 Cr
- **Net Income:** ₹-6.5 Cr
- **EBITDA:** ₹39.3 Cr
- **52-Week High:** ₹286.75
- **52-Week Low:** ₹90
- **RSI (14):** 49.2

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 13 | 9% |
| growth | 70.58 | 9% |
| momentum | 10.54 | 12% |
| ownership | 35.91 | 24% |
| quality | 58.61 | 22% |
| valuation | 46.14 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.59% over last 3 years.
- Promoter holding has decreased over last 3 years: -6.64%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 27.38% | 14.58% | 58.16% |
| ebitda margin growth | 12.82% | 5.02% | -25.73% | -25.27% |
| net income growth | 46.94% | 4.84% | -171.43% | 4% |
| revenue growth | -0.62% | 32.1% | 9% | 15% |
| roce | — | 24.16% | -28.51% | 8.33% |
| roe | — | 13.57% | -1.6% | -117.35% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 25.15 | 34.01 | 36.02 | 30.44 | 24.48 | 28.1 | 38.43 | 40.71 | 35.41 | 37.93 | 47.26 | 47.19 |
| Expenses | 17.82 | 22.95 | 25.3 | 22.38 | 21.44 | 21.66 | 30.81 | 30.3 | 27.04 | 27.43 | 40.55 | 39.25 |
| Operating Profit | 7.33 | 11.06 | 10.72 | 8.06 | 3.04 | 6.44 | 7.62 | 10.41 | 8.37 | 10.5 | 6.71 | 7.94 |
| OPM % | 29.15 | 32.52 | 29.76 | 26.48 | 12.42 | 22.92 | 19.83 | 25.57 | 23.64 | 27.68 | 14.2 | 16.83 |
| Other Income | 0.61 | 0.63 | -1.6 | 0.8 | 0.88 | 0.94 | 0.53 | 0.69 | 0.81 | 0.76 | 1.06 | 0.81 |
| Interest | 4.42 | 4.41 | 3.78 | 3.97 | 4.39 | 5.3 | 4.44 | 4.74 | 4.6 | 6.37 | 5.86 | 7.36 |
| Depreciation | 3 | 3.01 | 3.01 | 2.99 | 2.94 | 3.03 | 2.96 | 3.48 | 3.4 | 4.12 | 7.78 | 5.61 |
| Profit before tax | 0.52 | 4.27 | 2.33 | 1.9 | -3.41 | -0.95 | 0.75 | 2.88 | 1.18 | 0.77 | -5.87 | -4.22 |
| Tax % | 86.54 | 7.03 | -3.43 | 6.32 | 22.58 | -168.42 | 688 | -7.64 | 42.37 | 171.43 | 66.1 | 22.51 |
| Net Profit | 0.07 | 3.97 | 2.41 | 1.78 | -4.18 | 0.64 | -4.41 | 3.09 | 0.69 | -0.54 | -9.76 | -5.17 |
| EPS in Rs | 0.05 | 2.53 | 1.38 | 1.02 | -2.39 | 0.37 | -2.52 | 1.76 | 0.39 | -0.31 | -5.57 | -2.95 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 52 | 70 | 68 | 80 | 114 | 123 | 126 | 121 | 161 | 168 |
| Expenses | 45 | 45 | 41 | 54 | 78 | 88 | 88 | 96 | 125 | 134 |
| Operating Profit | 7 | 25 | 27 | 26 | 35 | 35 | 39 | 25 | 36 | 34 |
| OPM % | 14 | 36 | 39 | 33 | 31 | 28 | 31 | 21 | 22 | 20 |
| Other Income | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 3 | 3 | 3 |
| Interest | 1 | 18 | 17 | 16 | 19 | 19 | 17 | 18 | 22 | 24 |
| Depreciation | 7 | 12 | 12 | 16 | 11 | 12 | 12 | 12 | 19 | 21 |
| Profit before tax | 0 | -4 | -2 | -6 | 7 | 6 | 10 | -2 | -1 | -8 |
| Tax % | 714 | 359 | 309 | 47 | -22 | 52 | 10 | 263 | 527 | — |
| Net Profit | -2 | -20 | -8 | -8 | 9 | 3 | 9 | -6 | -7 | -15 |
| EPS in Rs | -1.43 | -16.88 | -6.37 | -7.04 | 7.59 | 2.43 | 5.21 | -3.52 | -3.73 | -8.44 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 12 | 12 | 12 | 12 | 18 | 18 | 18 |
| Reserves | 15 | 16 | -4 | 9 | 1 | 10 | 37 | 85 | 79 | 72 |
| Borrowings | 63 | 162 | 183 | 158 | 178 | 216 | 180 | 193 | 234 | 237 |
| Other Liabilities | 20 | 47 | 40 | 40 | 41 | 36 | 46 | 61 | 80 | 96 |
| Total Liabilities | 104 | 230 | 224 | 219 | 232 | 274 | 275 | 356 | 410 | 423 |
| Fixed Assets | 77 | 91 | 189 | 176 | 179 | 169 | 204 | 194 | 196 | 347 |
| CWIP | 0 | 104 | 1 | 6 | 6 | 47 | 9 | 76 | 139 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 27 | 34 | 34 | 37 | 47 | 58 | 61 | 86 | 75 | 74 |
| Total Assets | 104 | 230 | 224 | 219 | 232 | 274 | 275 | 356 | 410 | 423 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | -10 | 8 | 22 | 21 | 23 | 33 | 32 | 29 | 37 |
| Cash from Investing Activity | -35 | -89 | -6 | -6 | -19 | -48 | -11 | -75 | -56 | -18 |
| Cash from Financing Activity | 41 | 80 | -6 | -17 | 11 | 36 | -32 | 55 | 26 | -19 |
| Net Cash Flow | 11 | -19 | -4 | -1 | 12 | 11 | -10 | 12 | -1 | 0 |
| Free Cash Flow | -30 | -99 | 2 | 16 | 1 | -19 | 23 | -34 | -56 | 18 |
| CFO/OP | 48 | -141 | 33 | 84 | 77 | 68 | 98 | 87 | 116 | 102 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 23 | 42 | 58 | 51 | 19 | 18 | 12 | 15 | 19 | 20 |
| Inventory Days | 217 | 222 | 194 | 244 | 221 | 158 | 148 | 159 | 172 | 148 |
| Days Payable | 79 | 30 | 64 | 84 | 40 | 10 | 27 | 31 | 50 | 54 |
| Cash Conversion Cycle | 161 | 233 | 188 | 212 | 201 | 166 | 133 | 143 | 141 | 114 |
| Working Capital Days | -149 | -527 | -355 | -216 | -29 | 67 | -16 | 0 | -99 | -82 |
| ROCE % | 17 | 1 | 8 | 9 | 6 | 12 | 11 | 11 | 5 | 6 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.96% | 68.96% | 60.99% | 60.99% | 60.99% | 60.99% | 60.99% | 60.99% | 60.99% | 60.99% | 62.33% | 62.33% |
| FIIs | 0% | 0% | 4.43% | 4.43% | 2.5% | 7.07% | 7.07% | 7.07% | 7.45% | 10.34% | 10.34% | 9.72% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 14.9% | 14.7% | 13.39% | 13.44% | 13.68% | 13.71% | 13.74% | 13.2% | 12.43% | 11.33% | 11.82% | 11.54% |
| Others | 16.14% | 16.34% | 21.2% | 21.14% | 22.82% | 18.23% | 18.2% | 18.73% | 19.13% | 17.34% | 15.52% | 16.41% |
| No. of Shareholders | 5499 | 4512 | 4592 | 4880 | 5425 | 5412 | 5365 | 5326 | 4630 | 4330 | 4276 | 4246 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 7 / 5 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 96.47 | Buy |
| EMA (10) | 96.65 | Buy |
| SMA (20) | 96.05 | Buy |
| EMA (20) | 98.25 | Buy |
| SMA (50) | 107.6 | Sell |
| EMA (50) | 108.11 | Sell |
| SMA (100) | 128.2 | Sell |
| EMA (100) | 122.85 | Sell |
| SMA (200) | 149.82 | Sell |
| EMA (200) | 138.76 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.52 | Neutral |
| MACD (12,26,9) | -3.25 | Buy |
| Stochastic (14,3,3) | 37.68 | Neutral |
| ADX (14) | 29.82 | Buy |
| Williams %R (14) | -48.51 | Neutral |
| ATR (14) | 6.58 | High Volatility |
| ROC (12) | 8.71 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 49.11 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=978f22f5-7e6c-4cfd-9f46-69e0e80e0bd6.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=432da98a-59ad-4e92-9307-9e3cdac1d982.pdf) |
| 2026-08-25 | [Notice Of The 33Rd Annual General Meeting Of The Company To Be Held On Friday 18Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab8e700f-c538-4184-9a18-c628ad3935f0.pdf) |
| 2026-08-25 | [Book Closure For 33Rd AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d35446e-a957-48b9-a840-6ee251d1286c.pdf) |
| 2026-08-25 | [E-Voting Details For The 33Rd AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4839a459-8b1c-4d59-abbb-d4051a422323.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af1ee174-f731-4277-9833-a6ad93ec64e5.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of The Board Meeting Dt 14/08/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=141c3f11-db99-4ed5-910e-4707ee32060f.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2894503-3321-4c97-840e-8894bfe76263.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f0731e8-6b92-474d-9c14-592886bf4a62.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24d68415-4000-4a9e-b241-f989cee5a4dc.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Financial Results For The Quarter Ended 30/06/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8cf7f577-e38a-4bba-b57a-1af8d5bb54a3.pdf) |
| 2026-05-29 | [Audited Financial Results For The Quarter/Year Ended 31/03/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93842fd6-b111-4ef1-b6c8-7b4b5edc0496.pdf) |
| 2026-02-13 | [Results For Q3 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=983bf09f-f643-4084-bc16-e676988a23af.pdf) |
| 2025-11-14 | [Un-Audited Financial Results And Segment-Wise Revenue Results For The Quarter/Haf Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80947517-c860-432f-a504-ae1829ea4568.pdf) |
| 2025-08-12 | [Un-Audited Financial Results And Segment-Wise Revenue Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be4bc6d4-84f9-460c-8266-fd0cf0c525d2.pdf) |
| 2025-05-27 | [Approval Of Audited Financial Results And Segment Wise Results Of The Company For The Year/Quarter Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7074a4f6-0eeb-41b7-abea-59a03903b0b6.pdf) |
| 2025-02-12 | [Un-Audited Financial Results And Segment-Wise Revenue Results For The Quarter And Nine Month Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=941c8c09-c10c-4702-a592-b2a12698f1b8.pdf) |
| 2024-11-14 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa19482d-d76b-4da6-aa07-4792ae3b1a32.pdf) |
| 2024-08-14 | [Outcome Of The Board Meeting, Dated 14/08/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e32d229-ee56-43dc-bba9-285a43848f2e.pdf) |
| 2024-05-24 | [Results For The Year/Qarter Ended 31/03/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4faf1930-4419-49e7-92c8-ad6fb1224687.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 February 2026 - Q3 FY26: Total income ₹57.77Cr, EBITDA ₹5.32Cr, Net profit ₹2.92Cr; ₹23.55Cr orders; Infomerics IVR BBB-/A3. | [Investor Presentation 9 February 2026 - Q3 FY26: Total income ₹57.77Cr, EBITDA ₹5.32Cr, Net profit ₹2.92Cr; ₹23.55Cr orders; Infomerics IVR BBB-/A3.](https://nsearchives.nseindia.com/corporate/HECPROJECT_09022026125604_hec_q3_investor_presentation.pdf) |
| 9 February 2026 - Q3 (Dec 31, 2025) results: Income Rs1,050.24 lakh; Q3 loss after tax Rs796.18 lakh; nine-month loss Rs2,402.26 lakh. | [Copy of Newspaper Publication 9 February 2026 - Q3 (Dec 31, 2025) results: Income Rs1,050.24 lakh; Q3 loss after tax Rs796.18 lakh; nine-month loss Rs2,402.26 lakh.](https://nsearchives.nseindia.com/corporate/HECPROJECT_09022026121824_copyofnewspaperpublication31122025.pdf) |
| 7 February 2026 - Unaudited Q3 results (quarter ended 31 Dec 2025); limited review attached; Board approved 7 Feb 2026. | [Outcome of Board Meeting 7 February 2026 - Unaudited Q3 results (quarter ended 31 Dec 2025); limited review attached; Board approved 7 Feb 2026.](https://nsearchives.nseindia.com/corporate/HECPROJECT_07022026131840_outcome_of_board_meeting_07022026.pdf) |
| 5 March 2026 - HEC Infra (JV with Advait) wins Rs.100 crore DGVCL turnkey 11kV conductor contract, 18-month execution. | [Bagging/Receiving of orders/contracts 5 March 2026 - HEC Infra (JV with Advait) wins Rs.100 crore DGVCL turnkey 11kV conductor contract, 18-month execution.](https://nsearchives.nseindia.com/corporate/HECPROJECT_05032026121010_wo_dgvcl_100_cr.pdf) |
| 31 Mar - Shri Keshav Cements & Infra: trading window closed from 01-Apr-2026 until 48 hours after results for quarter/year ended 31-Mar-2026. | [Closure of Trading Window 31 Mar - Shri Keshav Cements & Infra: trading window closed from 01-Apr-2026 until 48 hours after results for quarter/year ended 31-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20fdf0cf-edcf-40ff-ab78-b5066a7508b1.pdf) |
| 27 January 2026 - HEC Infra won Rs.6.14 crore order from MIS Advait Energy for pole accessories at PGVCL (Amreli, Bhavnagar); 12-month execution. | [Bagging/Receiving of orders/contracts 27 January 2026 - HEC Infra won Rs.6.14 crore order from MIS Advait Energy for pole accessories at PGVCL (Amreli, Bhavnagar); 12-month execution.](https://nsearchives.nseindia.com/corporate/HECPROJECT_27012026151601_wo_advait_6cr.pdf) |
| 18 Feb - Earnings call transcript of Analyst/investor call conducted on 16/02/2026 at 11.30 AM to discuss about the company''s performance for the Quarter?nine Month ended 31/12/2025 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 18 Feb - Earnings call transcript of Analyst/investor call conducted on 16/02/2026 at 11.30 AM to discuss about the company''s performance for the Quarter?nine Month ended 31/12/2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c9955de-95a8-4658-993b-f98dfb0739f3.pdf) |
| 16 Feb - UDIN filed for limited review (13-02-2026); paid ₹859.63 lakh GST amount; investigation ongoing. | [Submission Of UDIN For The Limited Review Report Dt. 13/02/2026. 16 Feb - UDIN filed for limited review (13-02-2026); paid ₹859.63 lakh GST amount; investigation ongoing.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fca41b05-6e6e-443b-9a1e-592150c8dfa8.pdf) |
| 16 Feb - Audio recording of analyst/investor call (16-Feb-2026) for Q3/9M ended 31-Dec-2025; results approved 13-Feb-2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 16 Feb - Audio recording of analyst/investor call (16-Feb-2026) for Q3/9M ended 31-Dec-2025; results approved 13-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f4c2870c-b79a-4eec-bef4-0523a8e7dd50.pdf) |
| 14 January 2026 - HEC Infra won Rs16.35 crore order for 60MW/115.37MWh BESS BOS at 220kV Radhanpur; 12-month execution. | [Bagging/Receiving of orders/contracts 14 January 2026 - HEC Infra won Rs16.35 crore order for 60MW/115.37MWh BESS BOS at 220kV Radhanpur; 12-month execution.](https://nsearchives.nseindia.com/corporate/HECPROJECT_14012026170536_workorder_16cr_advait.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c9955de-95a8-4658-993b-f98dfb0739f3.pdf) |
| 2025-11-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=734cf62f-2afe-46c6-8991-a8cde6b699a1.pdf) |
| 2025-08-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87b97aea-6eae-4666-a905-748e482c60ec.pdf) |
| 2025-06-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27113215-a50b-4fda-97f6-b76ab9475e26.pdf) |
| 2025-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d01dcc25-f3e8-4331-82d3-abc305f8e773.pdf) |
| 2024-11-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16ab6be9-b52f-42bb-aaf9-6ddb3f293074.pdf) |
| 2024-08-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e26e8c1-8c20-4676-9670-b4be384cd10b.pdf) |
| 2024-05-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ba66608-5a70-4a63-9112-7832108f2aab.pdf) |
| 2024-02-10 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=060ad79a-39fe-4046-9c5d-edcb6575555f.pdf) |
| 2023-11-23 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1637b46-df87-450a-985c-e4d9e23ea8d1.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4c2870c-b79a-4eec-bef4-0523a8e7dd50.pdf) |
| 2025-11-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8bacf72-f34a-40e5-a62c-6185846f0f88.pdf) |
| 2025-08-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=762a9d46-c905-42dc-b439-0ba144d93398.pdf) |
| 2025-06-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=476af28f-7055-4fd5-a479-03c4594c8538.pdf) |
| 2024-11-15 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9891fd26-9210-4c88-8296-74af12c4d7ad.pdf) |
| 2024-08-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b618613f-e407-4ee3-a17b-86af0d72d2fa.pdf) |
| 2024-05-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42e64d00-54fe-46dd-85a4-f51343ccf007.pdf) |
| 2024-02-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d274602-11ba-484e-90fe-ff5b94b216a9.pdf) |
| 2023-11-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6db62c3-2316-45de-a368-635a6bb56bc1.pdf) |
| 2023-08-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4378801-9aeb-4a24-8936-9bd93fa819b0.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28556540-f4f2-40c8-8a47-e91bf60ae5b5.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c49ea8a7-a295-45f4-8c5b-104fe5efd8cc.pdf) |
| 2025-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=657df8bf-c7e3-4ac5-8fce-97f77203bb8c.pdf) |
| 2025-05-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6413100-6d87-4212-8012-fcd14ab16247.pdf) |
| 2025-02-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e5d7dd7-6545-4aef-a0b0-5ab6f98032ce.pdf) |
| 2025-02-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5540529e-a83a-4e9f-bff8-bb7252277d46.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f74aa55-070a-42e0-89dd-71570adbe609.pdf) |
| 2024-08-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6597c7bc-ea20-4f81-ac9c-35043ac88a0e.pdf) |
| 2024-05-27 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f8a9ae0-9af5-4828-a1e3-20b0f4167878.pdf) |
| 2024-02-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99a181fa-bc72-4f3c-ad26-630ada3534fc.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/HECPROJECT_19112025201021_transcript_final_upload.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/734cf62f-2afe-46c6-8991-a8cde6b699a1.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16ab6be9-b52f-42bb-aaf9-6ddb3f293074.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1637b46-df87-450a-985c-e4d9e23ea8d1.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14298ff3-f825-4532-9a30-604af0736954.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14298ff3-f825-4532-9a30-604af0736954.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b62bba8c-c680-4173-bc4b-fda64875a71d.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/HECPROJECT_29052025001317_final_transcript.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ba66608-5a70-4a63-9112-7832108f2aab.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f01ad77c-d1a5-40e2-badf-fd58f14e59a4.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27500_HECPROJECT_2024_2025_A_19082025164317.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24254_HECPROJECT_2023_2024_02072024132135.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23281_HECPROJECT_2022_2023_02092023165451_09022023170004.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21292_HECPROJECT_2021_2022_04092022154708_09042022160001.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19327_HECPROJECT_2020_2021_04092021122013_09042021130004.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17263_HECPROJECT_2019_2020_04092020161320_04092020170014.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15813_HECPROJECT_2018_2019_05092019174741_05092019180009.zip) |
| from nse | [Financial Year 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14178_HECPROJECT_2017_2018_08102018183155.zip) |
| from nse | [Financial Year 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_11824_HECPROJECT_2016_2017_29092017202743.zip) |
| from nse | [Financial Year 2016 from nse](https://archives.nseindia.com/annual_reports/SME_AR_10023_HECPROJECT_2015_2016_07102016154222.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:47:07.610Z.