HEG Limited HEG NIFTY_SMALLNSEINFRA
Industrials · Electrical Equipment & Parts · India
HEG Limited manufactures and sells graphite electrodes in India and internationally. The company operates through two segments, Graphite Electrodes and Power Generation segments. It provides ultra-high power and high power electrodes; graphite electrodes and nipples; blocks and rounds; graphite and carbon specialties; mini-rods; flux and heat exchanger tubes; custom machined components; and activated carbon fabric products. The company operates thermal power plants and a hydroelectric power facility. HEG Limited was incorporated in 1972 and is headquartered in Noida, India.
READ MORE ›₹566.85
+10.60% 1Y
Market & Price
Market Cap
₹10,938.93 Cr
Current Price
₹566.85
High / Low (52W)
₹668.40 / ₹462.00
Beta
0.75
Valuation
Stock P/E
28.66
Industry PE
27.78
Forward P/E
18.11
PEG Ratio
-
Book Value
₹241.88
Price to Book
2.34
P/S
4.04
EV/EBITDA
19.84
Dividend Yield
0.32%
Profitability & Returns
ROCE
4.21%
ROE
7.34%
ROA
3.65%
Profit Margin
12.60%
Op Margin
-1.13%
EPS (Latest Qtr)
₹10.72
EPS (TTM)
₹19.78
Balance Sheet & Liquidity
Debt/Equity
0.17
Quick Ratio
0.88
Current Ratio
2.21
Debt
₹796.02 Cr
Total Assets
₹5,648.16 Cr
Current Assets
₹2,456.55 Cr
Working Capital
₹1,371.07 Cr
Ownership
Promoter Holding
59.49%
Chg in Prom Hold
-
FII / Inst Holding
12.55%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
₹11,073.76 Cr
Total Revenue (TTM)
₹2,709.48 Cr
EBITDA
₹558.18 Cr
Free Cash Flow
₹-135.56 Cr
Operating Cash Flow
₹213.19 Cr
Shares Outstanding
₹19.30 Cr
Gross Margin
47.12%
Payout Ratio
9.11%
Growth (CAGR)
Revenue 5Y
-0.45%
Profit 5Y
-35.61%
Revenue (YoY)
11.20%
Earnings (YoY)
-
PROS
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -0.4% CAGR over 5 years.
- Earnings shrank at -35.6% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HEG HEG Limited NIFTY_SMALLNSEINFRA | 566.85 | 28.66 | ₹10,938.93 Cr | 0.32% | 4.21% | 7.34% | -0.45% | -35.61% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
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Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | - | 478.38 Cr | 526.88 Cr | 616.93 Cr | 699.22 Cr | 656.33 Cr |
| Cost of Revenue | - | 257.38 Cr | 458.60 Cr | 352.03 Cr | 385.51 Cr | 346.45 Cr |
| Gross Profit | - | 221.00 Cr | 68.29 Cr | 264.90 Cr | 313.71 Cr | 309.88 Cr |
| Operating Expenses | - | 75.34 Cr | -56.92 Cr | 84.12 Cr | 82.65 Cr | 86.80 Cr |
| Operating Income | - | 145.66 Cr | 125.21 Cr | 180.78 Cr | 231.06 Cr | 223.08 Cr |
| EBITDA | - | 178.51 Cr | -25.58 Cr | 188.69 Cr | 237.90 Cr | 309.44 Cr |
| Interest Expense | - | 9.38 Cr | 4.43 Cr | 8.18 Cr | 8.92 Cr | 9.39 Cr |
| Pretax Income | - | 118.57 Cr | -84.60 Cr | 127.46 Cr | 175.23 Cr | 246.15 Cr |
| Tax Provision | - | 35.17 Cr | -10.93 Cr | 22.63 Cr | 31.90 Cr | 39.12 Cr |
| Net Income | - | 83.40 Cr | -73.67 Cr | 104.83 Cr | 143.33 Cr | 206.97 Cr |
| Diluted EPS | 4.26 | 4.32 | - | 5.43 | 7.43 | 10.72 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Revenue | 2,173.23 Cr | 2,435.32 Cr | 2,379.82 Cr | 2,144.32 Cr |
| Cost of Revenue | 1,263.82 Cr | 1,419.67 Cr | 1,625.23 Cr | 1,407.42 Cr |
| Gross Profit | 909.41 Cr | 1,015.64 Cr | 754.59 Cr | 736.91 Cr |
| Operating Expenses | 455.55 Cr | 492.36 Cr | 491.81 Cr | 542.54 Cr |
| Operating Income | 453.86 Cr | 523.28 Cr | 262.78 Cr | 194.37 Cr |
| EBITDA | 646.77 Cr | 805.42 Cr | 605.75 Cr | 392.58 Cr |
| Interest Expense | 7.03 Cr | 25.74 Cr | 35.72 Cr | 31.62 Cr |
| Pretax Income | 560.46 Cr | 677.37 Cr | 395.38 Cr | 160.37 Cr |
| Tax Provision | 129.41 Cr | 144.96 Cr | 83.70 Cr | 45.31 Cr |
| Net Income | 431.04 Cr | 532.41 Cr | 311.68 Cr | 115.06 Cr |
| Diluted EPS | 22.34 | 27.59 | 16.15 | 5.96 |
Compounded Sales Growth
| 5 Years: | -0.45% |
| 1 Year: | 11.20% |
Compounded Profit Growth
| 5 Years: | -35.61% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +10.60% |
| 6 Months: | +7.89% |
| 3 Months: | +0.37% |
| 1 Month: | -4.90% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Total Assets | 5,307.94 Cr | 5,691.96 Cr | 5,701.37 Cr | 5,648.16 Cr |
| Current Assets | 3,007.03 Cr | 2,852.46 Cr | 2,629.83 Cr | 2,456.55 Cr |
| Cash & Equivalents | 41.04 Cr | 33.29 Cr | 137.05 Cr | 50.76 Cr |
| Inventory | 977.81 Cr | 1,440.12 Cr | 1,194.15 Cr | 1,254.64 Cr |
| Receivables | 589.17 Cr | 489.14 Cr | 508.25 Cr | 442.87 Cr |
| Total Liabilities | 1,394.31 Cr | 1,411.02 Cr | 1,275.42 Cr | 1,194.39 Cr |
| Current Liabilities | 1,287.09 Cr | 1,316.09 Cr | 1,167.56 Cr | 1,085.49 Cr |
| Long Term Debt | 0 | 0 | 0 | 0 |
| Total Debt | 664.68 Cr | 742.57 Cr | 622.68 Cr | 587.67 Cr |
| Total Equity | 3,913.63 Cr | 4,280.94 Cr | 4,425.94 Cr | 4,453.77 Cr |
| Shares Outstanding | 19.30 Cr | 19.30 Cr | 19.30 Cr | 19.30 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -140.61 Cr | 113.32 Cr | 612.22 Cr | 279.71 Cr |
| Investing Cash Flow | -183.36 Cr | -21.11 Cr | -184.34 Cr | -208.45 Cr |
| Financing Cash Flow | 343.63 Cr | -99.96 Cr | -324.12 Cr | -159.15 Cr |
| Capital Expenditure | -359.53 Cr | -479.74 Cr | -371.52 Cr | -182.23 Cr |
| Free Cash Flow | -500.14 Cr | -366.42 Cr | 240.70 Cr | 97.48 Cr |
| Net Change in Cash | 19.66 Cr | -7.75 Cr | 103.76 Cr | -87.89 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Gross Margin % | 41.8% | 41.7% | 31.7% | 34.4% |
| Operating Margin % | 20.9% | 21.5% | 11.0% | 9.1% |
| Net Margin % | 19.8% | 21.9% | 13.1% | 5.4% |
| ROE % | 11.0% | 12.4% | 7.0% | 2.6% |
| ROCE % | 11.3% | 12.0% | 5.8% | 4.3% |
Shareholding Pattern
Insiders
59.49%
Institutions
12.55%
Public Float
30.99%
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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