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HEG Advanced Materials Limited HEGAM NSEINFRA

Industrials · Electrical Equipment & Parts · India
https://www.hegadvancedmaterials.com
Company Profile ↓
₹240.00
-52.46% 1Y
Mkt Cap₹7,857.46 Cr
P/E12.76
P/B0.97
Div. Yield1.42%
52W High₹739.25
52W Low₹215.05
Book Value₹246.55
EPS (TTM)₹18.67

Company Overview

HEG Advanced Materials Limited engages in the research and development of advanced battery materials, battery solutions. It manufactures custom machined components. The company also operates thermal power plants and a hydroelectric power facility. The company was formerly known as HEG Limited and change its name to HEG Advanced Materials Limited in September 2026. HEG Advanced Materials Limited was incorporated in 1972 and is headquartered in Noida, India.

Why Investors Should Care

Reasonable Valuation

Trades at a P/E of 12.8, below the sector median of 28.1.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.17.

Recent Developments

  • Mar 2026 Revenue of ₹2,551.77 Cr (+19.4% YoY); net profit ₹341.37 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +10.4%, earnings +16.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR 1.6%, profit CAGR -13.8%.

Growth & Price Performance

Compounded Sales Growth

5 Years:1.57%
1 Year:10.40%

Compounded Profit Growth

5 Years:-13.77%
1 Year:16.80%

Stock Price Performance

1 Year:-52.46%
6 Months:-57.22%
3 Months:-53.80%
1 Month:-67.45%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 5% of range
₹215.05 ₹739.25
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • Death Cross2d ago
  • RSI (14)23.38 · Oversold
Price Performance
1M-67.45%
3M-53.80%
6M-57.22%
1Y-52.46%
Valuation vs Sector

P/E of 12.76 is below the sector median of 28.07 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

No notable strengths flagged.

CONS

  • Earnings shrank at -13.8% CAGR over 5 years.
  • Trading 67.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).
  • RSI at 23 suggests oversold conditions.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
12.76
Industry PE
28.07
Forward P/E
7.79
PEG Ratio
-
Book Value
₹246.55
Price to Book
0.97
P/S
2.98
EV/EBITDA
8.26
Dividend Yield
1.42%

Growth (CAGR)

Revenue 5Y
1.57%
Profit 5Y
-13.77%
Revenue (YoY)
10.40%
Earnings (YoY)
16.80%

Profitability & Returns

ROCE
8.83%
ROE
7.17%
ROA
5.54%
Profit Margin
13.61%
Op Margin
14.83%
Gross Margin
59.70%
EPS (Latest Qtr)
₹6.34
EPS (TTM)
₹18.67

Balance Sheet & Liquidity

Debt/Equity
0.17
Quick Ratio
1.34
Current Ratio
2.21
Debt
₹796.02 Cr
Total Assets
₹6,165.76 Cr
Current Assets
₹2,893.35 Cr
Working Capital
₹1,583.33 Cr

Ownership

Promoter Holding
72.59%
Chg in Prom Hold
-
FII / Inst Holding
6.79%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹4,757.21 Cr
Total Revenue (TTM)
₹2,636.51 Cr
EBITDA
₹576.01 Cr
Free Cash Flow
₹-39.48 Cr
Operating Cash Flow
₹213.20 Cr
Shares Outstanding
₹32.98 Cr
Gross Margin
59.70%
Payout Ratio
9.64%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HEGAM HEG Advanced Materials Limited NSEINFRA 240.00 12.76 ₹7,857.46 Cr 1.42% 8.83% 7.17% 1.57% -13.77%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,766.40 31.29 ₹5.18 L Cr 0.96% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,743.70 29.73 ₹4.02 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,738.00 34.00 ₹3.17 L Cr 0.40% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 385.50 45.78 ₹2.82 L Cr 0.61% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,874.50 -39.15 ₹1.88 L Cr 0.24% 4.02% -34.31% 15.55% -227.40%
7 ABB ABB India Limited NSEAIINFRA 6,972.50 93.45 ₹1.48 L Cr 0.53% 28.45% 19.13% 15.41% 17.97%
8 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 411.90 58.76 ₹1.43 L Cr 0.33% 6.60% 6.12% 13.49% 35.91%
9 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 865.00 109.22 ₹1.36 L Cr 0.14% 19.35% 15.13% 21.22% 7.81%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue --612.78 Cr699.22 Cr656.33 Cr603.21 Cr680.79 Cr
Cost of Revenue --352.03 Cr385.51 Cr346.45 Cr348.93 Cr351.08 Cr
Gross Profit --260.75 Cr313.71 Cr309.88 Cr254.28 Cr329.71 Cr
Operating Expenses --80.65 Cr82.65 Cr86.80 Cr87.93 Cr82.28 Cr
Operating Income --180.10 Cr231.06 Cr223.08 Cr166.35 Cr247.43 Cr
EBITDA --182.53 Cr237.90 Cr309.44 Cr-81.63 Cr224.64 Cr
Interest Expense --8.18 Cr8.92 Cr9.39 Cr10.72 Cr9.97 Cr
Pretax Income --121.33 Cr175.23 Cr246.15 Cr-144.94 Cr165.08 Cr
Tax Provision --21.52 Cr31.90 Cr39.12 Cr-26.14 Cr42.74 Cr
Net Income --104.82 Cr143.33 Cr206.97 Cr-113.77 Cr122.34 Cr
Diluted EPS --5.437.4310.72-5.906.34

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -2,435.32 Cr2,379.82 Cr2,137.34 Cr2,551.77 Cr
Cost of Revenue -1,419.67 Cr1,625.23 Cr1,407.42 Cr1,618.77 Cr
Gross Profit -1,015.64 Cr754.59 Cr729.92 Cr933.01 Cr
Operating Expenses -492.36 Cr491.81 Cr530.82 Cr621.42 Cr
Operating Income -523.28 Cr262.78 Cr199.10 Cr311.59 Cr
EBITDA -805.42 Cr605.75 Cr397.32 Cr642.15 Cr
Interest Expense -25.74 Cr35.72 Cr31.62 Cr24.46 Cr
Pretax Income -677.37 Cr395.38 Cr165.10 Cr404.38 Cr
Tax Provision -144.96 Cr83.70 Cr46.50 Cr66.41 Cr
Net Income -532.41 Cr311.68 Cr115.06 Cr341.37 Cr
Diluted EPS -27.5916.155.9617.69

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -5,691.96 Cr5,701.37 Cr5,648.16 Cr6,165.76 Cr
Current Assets -2,852.46 Cr2,629.83 Cr2,456.55 Cr2,893.35 Cr
Cash & Equivalents -33.29 Cr137.05 Cr50.76 Cr40.59 Cr
Inventory -1,440.12 Cr1,194.15 Cr1,254.64 Cr1,133.74 Cr
Receivables -489.14 Cr508.25 Cr442.87 Cr499.51 Cr
Total Liabilities -1,411.02 Cr1,275.42 Cr1,194.39 Cr1,407.84 Cr
Current Liabilities -1,316.09 Cr1,167.56 Cr1,085.49 Cr1,310.02 Cr
Long Term Debt -0000
Total Debt -742.57 Cr622.68 Cr587.67 Cr796.02 Cr
Total Equity -4,280.94 Cr4,425.94 Cr4,453.77 Cr4,757.92 Cr
Shares Outstanding -19.30 Cr19.30 Cr19.30 Cr19.30 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -113.32 Cr612.22 Cr279.71 Cr213.20 Cr
Investing Cash Flow --21.11 Cr-184.34 Cr-208.45 Cr-320.26 Cr
Financing Cash Flow --99.96 Cr-324.12 Cr-159.15 Cr96.89 Cr
Capital Expenditure --479.74 Cr-371.52 Cr-182.23 Cr-252.68 Cr
Free Cash Flow --366.42 Cr240.70 Cr97.48 Cr-39.48 Cr
Net Change in Cash --7.75 Cr103.76 Cr-87.89 Cr-10.18 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -41.7%31.7%34.2%36.6%
Operating Margin % -21.5%11.0%9.3%12.2%
Net Margin % -21.9%13.1%5.4%13.4%
ROE % -12.4%7.0%2.6%7.2%
ROCE % -12.0%5.8%4.4%6.4%

Shareholding Pattern

Insiders
72.59%
Institutions
6.79%
Public Float
24.77%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for HEGAM

Google News Mon, 28 Sep 2026

HEG Advanced Materials Limited Actuals & Estimates (NSE:HEGAM) - TradingView

<a href="https://news.google.com/rss/articles/CBMigwFBVV95cUxNaXNJeTBiZ0F5LVEtYnNzY0ZHUEg2OVFYd1lTT3lnSkllbUd3Y1ZYdnpZYnZvOTYtNWE2OGtoZ3dQVEJnSHhKU1VLNThNM1pvckZ0eVQxb3Z2b3hKN2t4VS1qaHhaUllFVGdremZBblpnWGVWRFdzZVJDdWtYUktCOEpNOA?oc=5" targe…

Google News Fri, 25 Sep 2026

HEG Advanced Materials Limited (HEGAM.BO) stock major holders - Yahoo Finance - Yahoo Finance Singapore

<a href="https://news.google.com/rss/articles/CBMiYkFVX3lxTE5ibFNMRlN3M2tGX0lfLU1qMGlaR0ZvYUJHMmQ2YldkaWt4WGxwOU9Bck5HRmc4R093NWtCQzFRMXJaTHFBRTRCVndwZzhnTmFHMS1hN3ljMWZxN2xxSU5lRWZR?oc=5" target="_blank">HEG Advanced Materials Limited (HEG…

Google News Sat, 26 Sep 2026

Average basic shares outstanding of HEG Advanced Materials Limited – NSE:HEGAM - TradingView

<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxQcW5vamJxd1pkUXBsamFXSTg4bm9VMkVWY3NWVm5oZXZIU3pGRm9uOG1SUklnWXlyeGxDRkdTUGRUX3FRLTZMOTRnMjUtVzFFbktHOHZVbVFCS0l4UEpOVUpvN3ZWaDd4TDc0S3RCOERIdGk0ZHpOd290SFU3MXJaeEx6WmdCWWd6Nm50U0…

Google News Fri, 25 Sep 2026

HEG ADVANCED MATERIALS LIMITED (HEGAM.BO) Q1 24/25 earnings call transcript - Yahoo Finance

<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxPSWtwWEY1UUZtMmpZYnNDbXJWRkZaMEVibzBQLXQ3VWtyS2lNR3Jvc2V6SzQwa2Q2eEViVUIxdmVmb2tXTUlEcm1ESm9FMGdSc3dMSFlPdnBockIxRklIYmoxQzVVbFZjU0ZXeHVlMmFkZ05tSlY4Wjk2UUxSTkpPM3JOMkFRTjE1X0N4M0…

Google News Fri, 25 Sep 2026

HEG ADVANCED MATERIALS LIMITED (HEGAM.BO) Q2 24/25 earnings call transcript - Yahoo Finance

<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxPLWZNb1JUOV8tUTVfeEp5NGFXZ1VKVlBlWndodXViNkJ0YzVHNDRfVnl0aGdDbnFwaE1uSG1OLVc1b0hVMWtpdDZOOVJ0NlNHSTE0LVdOdTRtTklTM2czMUtqOXotVzlzUDhjVDBva3RmRzBGdWdJdzRDQkg2c2RkNlVJWUVjNHFEYy1pZV…

Google News Fri, 25 Sep 2026

HEG ADVANCED MATERIALS LIMITED (HEGAM.BO) Q3 25/26 earnings call transcript - Yahoo Finance

<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxOYnRISVItY3pIZ1NTRE5odDF3UDlrdThDdmJROU9lYjJ4UmRUWkFwNlhzR1NIa0FoSUlEbXNZYzFZLVgzT3BlY2VIeHhMajJORjE5MkNHZG4yMk1SNFlCS2R0ZjFEc1FLN2dtYVBsVGl4SlUyTHNNbDRNcUctYloyZWNIcjltWmViUG1kNE…

HEGAM — Frequently Asked Questions

What is the current share price of HEG Advanced Materials Limited (HEGAM)?

As of 2026-09-30 05:11 IST, HEG Advanced Materials Limited (HEGAM) trades at ₹240.00 on NSE. Its 52-week range is ₹215.05 to ₹739.25.

What is the market capitalisation of HEGAM?

HEG Advanced Materials Limited (HEGAM) has a market capitalisation of ₹7,857.46 Cr on NSE.

What is the P/E ratio of HEGAM?

HEGAM trades at a trailing price-to-earnings (P/E) ratio of 12.76. The industry average P/E is 28.07. Its price-to-book (P/B) ratio is 0.97.

Does HEGAM pay a dividend?

HEG Advanced Materials Limited (HEGAM) currently offers a dividend yield of 1.42%.

What is the return on equity (ROE) of HEGAM?

HEGAM has a return on equity (ROE) of 7.17%. Its return on capital employed (ROCE) is 8.83%.

Is HEGAM a good stock to buy?

This page provides a data-driven analysis of HEG Advanced Materials Limited (HEGAM), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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