HEG Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 12.9x vs industry 47.1x)
- Low debt relative to equity (D/E 0.2x)
- Near 52-week low — potential value zone (₹172)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 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 subsidiary Replus Engitech bags new orders
*HEG subsidiary Replus Engitech bags new orders* — HEG Advanced Materials Limited announced that its subsidiary, Replus Engitech Private Limited, has received new orders. The company did not disclose the value or timeline of the contracts. This development signals continued business momentum in its engineering segment. 📊 *STOCKS:* $HEG | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
Replus Engitech, Indus Towers partner on telecom energy storage
*Replus Engitech and Indus Towers have partnered to develop energy storage solutions for telecom infrastructure.* The collaboration aims to enhance power efficiency across towers using advanced battery tech. While financial details weren’t disclosed, the move supports green energy adoption in telecom. 📊 *STOCKS:* | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #EnergyStorage
HEG 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 (₹) | -5.89 154.9% | 10.72 44.3% | 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% | 156.8 185.2% | 54.97 2587.3% | -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