HEG Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 33.1x vs industry 52.7x)
- ✓Low debt relative to equity (D/E 0.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HEG · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 55.77% | 55.77% | 55.77% | 55.77% | 55.77% | 55.77% |
| FII | 6.85% | 6.86% | 6.06% | 6.93% | 7.07% | 7.18% |
| DII | 8.85% | 10.38% | 13.08% | 12.79% | 12.09% | 11.65% |
| Public | 28.51% | 26.98% | 25.08% | 24.51% | 25.04% | 25.38% |
Corporate Events
Dividend - Rs 3.40 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 1.80 Per Share
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
Annual General Meeting/Dividend - Rs 22.50 Per Share
Annual General Meeting/Dividend - Rs 42.50 Per Share
Latest News
All news →HEG shares: RTA update on physical share re-lodgment for June 2026
*HEG shares: RTA update on physical share re-lodgment for June 2026*. The company has released the RTA report on re-lodgment of transfer requests for physical shares. This is a procedural disclosure with no immediate financial impact. Traders should monitor for any unusual movement in physical-to-dematerialized conversion trends. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareTransfer
HEG to host investor plant visit on July 9, 2026
*HEG to host investor plant visit on July 9, 2026.* An analyst and institutional investor plant visit is scheduled for **July 9, 2026**, as per a corporate filing. The event may provide insights into operational performance and future outlook. Such visits often precede increased investor engagement. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorVisit
HEG proposes composite scheme of arrangement
*HEG proposes composite scheme of arrangement.* The move involves internal restructuring and shareholder adjustments. No immediate financial impact is indicated. Regulatory approvals will be required. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateAction
HEG Limited shares to trade ex-dividend today
*HEG Limited shares trade ex-dividend today.* The company has declared a final dividend of **₹7 per share** for FY23. Shareholders registered before the record date will not be eligible for the payout. The dividend is scheduled to be paid within 30 days. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #dividend
HEG Limited publishes newspaper notice
*HEG Limited publishes newspaper notice* as part of regulatory compliance. The filing is a routine disclosure with no financial impact. No material changes or announcements were detailed in the summary. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
HEG publishes mandatory notice in newspaper
*HEG publishes mandatory notice in newspaper* The company released a copy of its newspaper publication as part of regulatory compliance. Such filings are routine and do not indicate operational changes. No financial or strategic impact is expected. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
HEG transfers unclaimed shares to IEPF
*HEG transfers unclaimed shares to IEPF* as per Section 124(6) of the Companies Act, 2013. The move is a routine compliance requirement for unclaimed dividends and shares. No financial impact expected. Investors must claim holdings within time limits to avoid forfeiture. 📊 *STOCKS:* HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #IEPF
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹603 Cr ▼8.1% | ₹656 Cr ▼6.2% | ₹699 Cr ▲13.3% | ₹617 Cr ▲14.9% | ₹537 Cr ▲12.3% | ₹478 Cr ▼15.8% | ₹568 Cr ▼0.5% | ₹571 Cr |
| Op. Profit | ₹-148 Cr ▼203.5% | ₹143 Cr ▲21.2% | ₹118 Cr ▲12.4% | ₹105 Cr ▲272.1% | ₹-61 Cr ▼191.0% | ₹67 Cr ▼30.9% | ₹97 Cr ▲148.7% | ₹39 Cr |
| OPM | -25.0% ▼213.6% | 22.0% ▲29.4% | 17.0% ▲0.0% | 17.0% ▲254.5% | -11.0% ▼178.6% | 14.0% ▼17.6% | 17.0% ▲142.9% | 7.0% |
| Net Profit | ₹-114 Cr ▼155.1% | ₹207 Cr ▲44.8% | ₹143 Cr ▲36.2% | ₹105 Cr ▲241.9% | ₹-74 Cr ▼189.2% | ₹83 Cr ▲1.2% | ₹82 Cr ▲256.5% | ₹23 Cr |
| EPS (₹) | -5.9 ▼155.0% | 10.73 ▲44.4% | 7.43 ▲36.8% | 5.43 ▲242.1% | -3.82 ▼188.4% | 4.32 ▲1.4% | 4.26 ▲258.0% | 1.19 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.6K Cr ▲19.4% | ₹2.2K Cr ▼10.1% | ₹2.4K Cr ▼2.8% | ₹2.5K Cr ▲11.9% | ₹2.2K Cr ▲75.5% | ₹1.3K Cr ▼41.5% | ₹2.1K Cr ▼67.5% | ₹6.6K Cr ▲139.8% | ₹2.7K Cr ▲219.9% | ₹859 Cr |
| Expenses | ₹2.2K Cr ▲14.7% | ₹1.9K Cr ▼6.0% | ₹2.0K Cr ▲9.1% | ₹1.8K Cr ▲10.4% | ₹1.7K Cr ▲27.7% | ₹1.3K Cr ▼39.2% | ₹2.1K Cr ▲11.4% | ₹1.9K Cr ▲87.9% | ₹1.0K Cr ▲32.0% | ₹778 Cr |
| Op. Profit | ₹399 Cr ▲53.5% | ₹260 Cr ▼31.9% | ₹382 Cr ▼38.3% | ₹619 Cr ▲16.8% | ₹530 Cr ▲1100.0% | ₹-53 Cr ▼960.0% | ₹-5 Cr ▼100.1% | ₹4.7K Cr ▲170.9% | ₹1.7K Cr ▲2024.7% | ₹81 Cr |
| OPM | 16.0% ▲33.3% | 12.0% ▼25.0% | 16.0% ▼36.0% | 25.0% ▲4.2% | 24.0% ▲700.0% | -4.0% | 0.0% ▼100.0% | 71.0% ▲12.7% | 63.0% ▲600.0% | 9.0% |
| Other Income | ₹259 Cr ▲83.7% | ₹141 Cr ▼36.8% | ₹223 Cr ▲19.3% | ₹187 Cr ▲59.8% | ₹117 Cr ▲2.6% | ₹114 Cr ▼20.3% | ₹143 Cr ▲34.9% | ₹106 Cr ▲783.3% | ₹12 Cr ▲71.4% | ₹7 Cr |
| Interest | ₹37 Cr ▼5.1% | ₹39 Cr ▲8.3% | ₹36 Cr ▲38.5% | ₹26 Cr ▲271.4% | ₹7 Cr ▼36.4% | ₹11 Cr ▼70.3% | ₹37 Cr ▲105.6% | ₹18 Cr ▼67.9% | ₹56 Cr ▲1.8% | ₹55 Cr |
| Depreciation | ₹213 Cr ▲6.0% | ₹201 Cr ▲14.9% | ₹175 Cr ▲71.6% | ₹102 Cr ▲29.1% | ₹79 Cr ▲8.2% | ₹73 Cr ▲1.4% | ₹72 Cr ▲0.0% | ₹72 Cr ▼1.4% | ₹73 Cr ▼1.4% | ₹74 Cr |
| PBT | ₹408 Cr ▲151.9% | ₹162 Cr ▼59.0% | ₹395 Cr ▼41.7% | ₹677 Cr ▲20.9% | ₹560 Cr ▲2534.8% | ₹-23 Cr ▼179.3% | ₹29 Cr ▼99.4% | ₹4.7K Cr ▲191.4% | ₹1.6K Cr ▲4014.6% | ₹-41 Cr |
| Tax % | 16.0% ▼44.8% | 29.0% ▲38.1% | 21.0% ▲0.0% | 21.0% ▼8.7% | 23.0% ▲200.0% | -23.0% ▲72.0% | -82.0% ▼334.3% | 35.0% ▲6.1% | 33.0% ▲43.5% | 23.0% |
| Net Profit | ₹341 Cr ▲196.5% | ₹115 Cr ▼63.1% | ₹312 Cr ▼41.4% | ₹532 Cr ▲23.4% | ₹431 Cr ▲2494.4% | ₹-18 Cr ▼126.5% | ₹68 Cr ▼97.8% | ₹3.0K Cr ▲175.3% | ₹1.1K Cr ▲2597.7% | ₹-44 Cr |
| EPS (₹) | 17.69 ▲196.8% | 5.96 ▼63.1% | 16.15 ▼41.5% | 27.59 ▲23.6% | 22.33 ▲2501.1% | -0.93 ▼126.6% | 3.5 ▼97.8% | 156.8 ▲185.0% | 55.02 ▲2589.6% | -2.21 |
| Div Payout | 19.0% ▼36.7% | 30.0% ▲7.1% | 28.0% ▼9.7% | 31.0% ▼13.9% | 36.0% ▲155.4% | -65.0% ▼145.5% | 143.0% ▲1330.0% | 10.0% ▼65.5% | 29.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹39 Cr ▲0.0% | ₹39 Cr ▲0.0% | ₹39 Cr ▲0.0% | ₹39 Cr ▲0.0% | ₹39 Cr ▲0.0% | ₹39 Cr ▲0.0% | ₹39 Cr ▲0.0% | ₹39 Cr ▼2.5% | ₹40 Cr ▲0.0% | ₹40 Cr |
| Reserves | ₹4.7K Cr ▲6.9% | ₹4.4K Cr ▲0.6% | ₹4.4K Cr ▲3.4% | ₹4.2K Cr ▲9.5% | ₹3.9K Cr ▲12.1% | ₹3.5K Cr ▼0.5% | ₹3.5K Cr ▼7.5% | ₹3.8K Cr ▲101.0% | ₹1.9K Cr ▲104.6% | ₹913 Cr |
| Borrowings | ₹796 Cr ▲35.4% | ₹588 Cr ▼5.6% | ₹623 Cr ▼16.2% | ₹743 Cr ▲11.7% | ₹665 Cr ▲123.2% | ₹298 Cr ▼49.8% | ₹594 Cr ▼10.9% | ₹667 Cr ▲124.6% | ₹297 Cr ▼56.6% | ₹684 Cr |
| Other Liabilities | ₹612 Cr ▲0.8% | ₹607 Cr ▼7.0% | ₹653 Cr ▼2.2% | ₹668 Cr ▼8.5% | ₹730 Cr ▲61.9% | ₹451 Cr ▲35.8% | ₹332 Cr ▼51.5% | ₹684 Cr ▲28.1% | ₹534 Cr ▲147.2% | ₹216 Cr |
| Total Liabilities | ₹6.2K Cr ▲9.2% | ₹5.6K Cr ▼0.9% | ₹5.7K Cr ▲0.2% | ₹5.7K Cr ▲7.2% | ₹5.3K Cr ▲25.1% | ₹4.2K Cr ▼4.4% | ₹4.4K Cr ▼13.7% | ₹5.1K Cr ▲87.8% | ₹2.7K Cr ▲47.8% | ₹1.9K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.8K Cr ▼7.7% | ₹1.9K Cr ▲6.7% | ₹1.8K Cr ▲33.2% | ₹1.4K Cr ▲78.6% | ₹763 Cr ▲9.9% | ₹694 Cr ▼6.8% | ₹745 Cr ▼5.5% | ₹788 Cr ▼5.4% | ₹833 Cr ▼6.3% | ₹889 Cr |
| CWIP | ₹224 Cr ▲215.5% | ₹71 Cr ▼66.5% | ₹212 Cr ▼55.1% | ₹472 Cr ▼32.2% | ₹696 Cr ▲86.6% | ₹373 Cr ▲269.3% | ₹101 Cr ▲431.6% | ₹19 Cr ▲850.0% | ₹2 Cr ▲100.0% | ₹1 Cr |
| Investments | ₹1.5K Cr ▲5.6% | ₹1.4K Cr ▲16.7% | ₹1.2K Cr ▲39.7% | ₹859 Cr ▼26.6% | ₹1.2K Cr ▼13.8% | ₹1.4K Cr ▲9.1% | ₹1.2K Cr ▲32.2% | ₹942 Cr ▲279.8% | ₹248 Cr ▲7.4% | ₹231 Cr |
| Other Assets | ₹2.7K Cr ▲19.6% | ₹2.2K Cr ▼9.5% | ₹2.5K Cr ▼17.5% | ₹3.0K Cr ▲11.9% | ₹2.7K Cr ▲47.2% | ₹1.8K Cr ▼22.5% | ₹2.3K Cr ▼30.9% | ₹3.4K Cr ▲105.1% | ₹1.7K Cr ▲126.2% | ₹732 Cr |
| Total Assets | ₹6.2K Cr ▲9.2% | ₹5.6K Cr ▼0.9% | ₹5.7K Cr ▲0.2% | ₹5.7K Cr ▲7.2% | ₹5.3K Cr ▲25.1% | ₹4.2K Cr ▼4.4% | ₹4.4K Cr ▼13.7% | ₹5.1K Cr ▲87.8% | ₹2.7K Cr ▲47.8% | ₹1.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹213 Cr ▼23.9% | ₹280 Cr ▼54.2% | ₹612 Cr ▲441.6% | ₹113 Cr ▲180.1% | ₹-141 Cr ▼119.7% | ₹716 Cr ▼3.1% | ₹739 Cr ▼50.3% | ₹1.5K Cr ▲150.5% | ₹594 Cr ▲278.3% | ₹157 Cr |
| Investing CF | ₹-320 Cr ▼54.6% | ₹-207 Cr ▼12.5% | ₹-184 Cr ▼776.2% | ₹-21 Cr ▲88.5% | ₹-183 Cr ▲56.1% | ₹-417 Cr ▼51.6% | ₹-275 Cr ▲59.3% | ₹-676 Cr ▼7411.1% | ₹-9 Cr ▼800.0% | ₹-1 Cr |
| Financing CF | ₹97 Cr ▲161.0% | ₹-159 Cr ▲50.9% | ₹-324 Cr ▼224.0% | ₹-100 Cr ▼129.1% | ₹344 Cr ▲211.0% | ₹-310 Cr ▲32.6% | ₹-460 Cr ▲41.6% | ₹-788 Cr ▼34.0% | ₹-588 Cr ▼284.3% | ₹-153 Cr |
| Net Cash Flow | ₹-10 Cr ▲88.4% | ₹-86 Cr ▼182.7% | ₹104 Cr ▲1400.0% | ₹-8 Cr ▼140.0% | ₹20 Cr ▲281.8% | ₹-11 Cr ▼375.0% | ₹4 Cr ▼83.3% | ₹24 Cr ▲900.0% | ₹-3 Cr ▼200.0% | ₹3 Cr |
| Free Cash Flow | ₹-35 Cr ▼134.3% | ₹102 Cr ▼58.2% | ₹244 Cr ▲167.0% | ₹-364 Cr ▲27.1% | ₹-499 Cr ▼208.5% | ₹460 Cr ▼8.5% | ₹503 Cr ▼65.1% | ₹1.4K Cr ▲148.4% | ₹580 Cr ▲276.6% | ₹154 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71d ▼5.3% | 75d ▼3.8% | 78d ▲8.3% | 72d ▼26.5% | 98d ▲16.7% | 84d ▲23.5% | 68d ▲3.0% | 66d ▼48.8% | 129d ▼15.7% | 153d |
| Inventory Days | 389d ▼23.3% | 507d ▲33.8% | 379d ▼34.0% | 574d ▲33.2% | 431d ▲64.5% | 262d ▲15.9% | 226d ▼47.2% | 428d ▲9.5% | 391d ▲81.0% | 216d |
| Days Payable | 138d ▼14.3% | 161d ▲19.3% | 135d ▼17.7% | 164d ▼16.8% | 197d ▲69.8% | 116d ▲286.7% | 30d ▼75.8% | 124d ▼34.0% | 188d ▲157.5% | 73d |
| Cash Conv. Cycle | 323d ▼23.3% | 421d ▲31.2% | 321d ▼33.5% | 483d ▲45.9% | 331d ▲43.9% | 230d ▼12.9% | 264d ▼28.6% | 370d ▲11.4% | 332d ▲11.8% | 297d |
| Working Capital Days | 132d ▼6.4% | 141d ▲27.0% | 111d ▲3.7% | 107d ▲42.7% | 75d ▼19.4% | 93d ▼30.6% | 134d ▲55.8% | 86d ▼28.3% | 120d ▲4100.0% | -3d |
| ROCE | 8.0% ▲100.0% | 4.0% ▼55.6% | 9.0% ▼40.0% | 15.0% ▲7.1% | 14.0% ▲800.0% | -2.0% | 0.0% ▼100.0% | 139.0% ▲61.6% | 86.0% ▲8500.0% | 1.0% |
Source: Screener.in · Lower days = better efficiency
About HEG Limited
HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrodes plant in the world.[1]
Capital Goods · Industrial Products