HEG Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.2x)
Concerns
- Trading near 52-week high (₹754)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 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
Demerger
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 newsHEG to host analyst and investor meet
*HEG to host analyst and investor meet.* The company has scheduled a conference call for analysts and institutional investors. Details on agenda and timing are part of the NSE filing. **No financial updates or major announcements** were disclosed. 📊 *STOCKS:* $HEG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
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 14.0% | ₹613 Cr 14.2% | ₹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 11.3% | ₹106 Cr 273.8% | ₹-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% 671.4% | -4.2% 2000.0% | -0.2% 100.3% | 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 GoodsIndustrial Products