Share Price and Basic Stock Data
Last Updated: January 17, 2026, 7:03 am
| PEG Ratio | -4.42 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
HEG Ltd operates in the graphite electrodes sector, which is critical for steel production. The company’s stock price stood at ₹573, with a market capitalization of ₹11,059 Cr. Over the fiscal years reported, HEG’s revenue demonstrated significant fluctuations, with sales recorded at ₹2,463 Cr in FY 2023, a decline from ₹2,748 Cr in FY 2018, but an improvement from ₹1,254 Cr in FY 2021. The trailing twelve months (TTM) revenue reached ₹2,337 Cr. Quarterly sales showed variability; for instance, sales peaked at ₹671 Cr in June 2023 before declining to ₹614 Cr in September 2023. This volatility reflects the cyclical nature of the graphite electrode market, influenced by global demand for steel and production capacity constraints. The company also reported an operating profit margin (OPM) of 17%, which indicates a competitive positioning within the industry, although it is lower than the sector average of approximately 20-25% as per industry reports.
Profitability and Efficiency Metrics
HEG’s profitability metrics reveal a challenging environment, with a reported net profit of ₹258 Cr for the latest fiscal year. The return on equity (ROE) stood at 2.59%, which is considerably below the typical sector range of 10-15%, indicating inefficiencies in utilizing shareholder equity. The operating profit for the most recent quarter (September 2023) was ₹102 Cr, translating to an operating profit margin of 17%. However, this margin has shown a declining trend over the past quarters, dropping from 30% in September 2022 to 17% in September 2023. The interest coverage ratio (ICR) of 9.76x indicates that the company can comfortably meet its interest obligations, suggesting a manageable debt level. However, the cash conversion cycle (CCC) of 421 days reflects potential inefficiencies in working capital management, as the average for the industry is usually around 90-120 days.
Balance Sheet Strength and Financial Ratios
HEG’s balance sheet appears to be relatively stable, with total borrowings recorded at ₹644 Cr and reserves amounting to ₹4,627 Cr. The debt-to-equity ratio is low at 0.13, reflecting a conservative capital structure that leans towards equity financing. The company’s current ratio of 2.26 indicates a strong liquidity position, well above the industry standard of 1.5, allowing it to cover short-term liabilities comfortably. However, the book value per share is ₹230.79, presenting a price-to-book value (P/BV) ratio of 2.10, suggesting that the stock may be overvalued relative to its net assets. Efficiency ratios show a return on capital employed (ROCE) of 3.96%, again below the sector standard of 12-15%, pointing to underperformance in generating returns from capital investments. Overall, while the balance sheet shows safety, profitability and efficiency metrics indicate areas needing improvement.
Shareholding Pattern and Investor Confidence
The shareholding structure of HEG Ltd indicates a strong promoter holding at 55.77%, which can be a positive signal for investor confidence, as it implies that the management has a significant stake in the company’s performance. Foreign institutional investors (FIIs) hold 7.97% and domestic institutional investors (DIIs) hold 11.99%, indicating a moderate level of institutional interest. However, the public shareholding decreased to 24.27%, which could reflect a cautious sentiment among retail investors. The number of shareholders also saw a decline from 1,52,118 in December 2022 to 1,41,576 in September 2025, suggesting a potential exit of investors due to the company’s fluctuating performance. The dividend payout ratio stood at 75.47%, which is relatively high, indicating a commitment to returning capital to shareholders, but it also raises concerns about the sustainability of such payouts given the company’s net profit challenges.
Outlook, Risks, and Final Insight
Looking ahead, HEG Ltd faces both opportunities and challenges. The global demand for steel and the ongoing energy transition could boost the graphite electrode market, enhancing revenue potential. However, risks include the cyclical nature of the industry, fluctuations in raw material prices, and ongoing efficiency issues reflected in the CCC and ROE metrics. The company’s ability to manage its operating expenses effectively will be critical in enhancing profitability. Additionally, a high dependency on the steel sector makes it vulnerable to economic downturns. Investors should monitor the company’s initiatives to improve operational efficiency and market conditions. If HEG can enhance its operational metrics and maintain a strong balance sheet, it may improve its market valuation. Conversely, persistent inefficiencies and external market pressures could hinder growth prospects.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| HEG Ltd | 11,140 Cr. | 577 | 672/331 | 43.2 | 242 | 0.31 % | 3.96 % | 2.59 % | 2.00 |
| Graphite India Ltd | 12,495 Cr. | 640 | 685/366 | 51.8 | 301 | 1.72 % | 10.1 % | 8.00 % | 2.00 |
| DE Nora India Ltd | 332 Cr. | 625 | 1,147/620 | 125 | 240 | 0.00 % | 0.88 % | 1.84 % | 10.0 |
| Industry Average | 7,989.00 Cr | 614.00 | 73.33 | 261.00 | 0.68% | 4.98% | 4.14% | 4.67 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 598 | 530 | 617 | 671 | 614 | 562 | 547 | 571 | 568 | 478 | 542 | 617 | 699 |
| Expenses | 419 | 398 | 493 | 520 | 512 | 476 | 506 | 533 | 471 | 411 | 608 | 512 | 581 |
| Operating Profit | 179 | 132 | 123 | 151 | 102 | 87 | 41 | 39 | 97 | 67 | -66 | 105 | 118 |
| OPM % | 30% | 25% | 20% | 23% | 17% | 15% | 8% | 7% | 17% | 14% | -12% | 17% | 17% |
| Other Income | 20 | 40 | 42 | 68 | 63 | 30 | 64 | 41 | 63 | 112 | 48 | 83 | 120 |
| Interest | 7 | 8 | 7 | 9 | 9 | 10 | 9 | 8 | 9 | 9 | 12 | 8 | 9 |
| Depreciation | 23 | 25 | 33 | 38 | 38 | 47 | 50 | 48 | 48 | 51 | 55 | 53 | 54 |
| Profit before tax | 168 | 139 | 125 | 172 | 118 | 59 | 46 | 24 | 103 | 119 | -85 | 127 | 175 |
| Tax % | 23% | 25% | 20% | 19% | 18% | 27% | 29% | 3% | 20% | 30% | -13% | 18% | 18% |
| Net Profit | 169 | 105 | 100 | 139 | 96 | 44 | 33 | 23 | 82 | 83 | -74 | 105 | 143 |
| EPS in Rs | 8.75 | 5.42 | 5.17 | 7.21 | 4.97 | 2.26 | 1.71 | 1.19 | 4.26 | 4.32 | -3.82 | 5.43 | 7.43 |
Last Updated: January 1, 2026, 12:16 pm
Below is a detailed analysis of the quarterly data for HEG Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 699.00 Cr.. The value appears strong and on an upward trend. It has increased from 617.00 Cr. (Jun 2025) to 699.00 Cr., marking an increase of 82.00 Cr..
- For Expenses, as of Sep 2025, the value is 581.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 512.00 Cr. (Jun 2025) to 581.00 Cr., marking an increase of 69.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 118.00 Cr.. The value appears strong and on an upward trend. It has increased from 105.00 Cr. (Jun 2025) to 118.00 Cr., marking an increase of 13.00 Cr..
- For OPM %, as of Sep 2025, the value is 17.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 17.00%.
- For Other Income, as of Sep 2025, the value is 120.00 Cr.. The value appears strong and on an upward trend. It has increased from 83.00 Cr. (Jun 2025) to 120.00 Cr., marking an increase of 37.00 Cr..
- For Interest, as of Sep 2025, the value is 9.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8.00 Cr. (Jun 2025) to 9.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Sep 2025, the value is 54.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 53.00 Cr. (Jun 2025) to 54.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 175.00 Cr.. The value appears strong and on an upward trend. It has increased from 127.00 Cr. (Jun 2025) to 175.00 Cr., marking an increase of 48.00 Cr..
- For Tax %, as of Sep 2025, the value is 18.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 18.00%.
- For Net Profit, as of Sep 2025, the value is 143.00 Cr.. The value appears strong and on an upward trend. It has increased from 105.00 Cr. (Jun 2025) to 143.00 Cr., marking an increase of 38.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 7.43. The value appears strong and on an upward trend. It has increased from 5.43 (Jun 2025) to 7.43, marking an increase of 2.00.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:16 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,440 | 1,228 | 870 | 859 | 2,748 | 6,591 | 2,145 | 1,254 | 2,201 | 2,463 | 2,393 | 2,158 | 2,337 |
| Expenses | 1,193 | 1,046 | 733 | 778 | 1,027 | 1,930 | 2,150 | 1,308 | 1,670 | 1,844 | 2,011 | 1,902 | 2,112 |
| Operating Profit | 247 | 182 | 137 | 81 | 1,721 | 4,662 | -5 | -53 | 530 | 619 | 382 | 255 | 225 |
| OPM % | 17% | 15% | 16% | 9% | 63% | 71% | -0% | -4% | 24% | 25% | 16% | 12% | 10% |
| Other Income | -4 | 15 | 4 | 7 | 12 | 106 | 143 | 114 | 117 | 187 | 223 | 145 | 362 |
| Interest | 72 | 77 | 60 | 55 | 56 | 18 | 37 | 11 | 7 | 26 | 36 | 39 | 38 |
| Depreciation | 73 | 75 | 79 | 74 | 73 | 72 | 72 | 73 | 79 | 102 | 175 | 201 | 212 |
| Profit before tax | 97 | 44 | 1 | -41 | 1,605 | 4,677 | 29 | -23 | 560 | 677 | 395 | 160 | 337 |
| Tax % | 11% | 12% | 886% | 23% | 33% | 35% | -82% | -23% | 23% | 21% | 21% | 28% | |
| Net Profit | 81 | 36 | 4 | -44 | 1,099 | 3,026 | 68 | -18 | 431 | 532 | 312 | 115 | 258 |
| EPS in Rs | 4.04 | 1.82 | 0.22 | -2.21 | 55.02 | 156.80 | 3.50 | -0.93 | 22.33 | 27.59 | 16.15 | 5.96 | 13.36 |
| Dividend Payout % | 30% | 33% | 0% | 0% | 29% | 10% | 143% | -65% | 36% | 31% | 28% | 30% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -55.56% | -88.89% | -1200.00% | 2597.73% | 175.34% | -97.75% | -126.47% | 2494.44% | 23.43% | -41.35% | -63.14% |
| Change in YoY Net Profit Growth (%) | 0.00% | -33.33% | -1111.11% | 3797.73% | -2422.39% | -273.09% | -28.72% | 2620.92% | -2471.01% | -64.79% | -21.79% |
HEG Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 0% |
| 3 Years: | -1% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 92% |
| 3 Years: | -36% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 25% |
| 3 Years: | 27% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 3% |
Last Updated: September 5, 2025, 5:55 am
Balance Sheet
Last Updated: December 4, 2025, 1:21 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 960 | 974 | 956 | 913 | 1,868 | 3,755 | 3,473 | 3,456 | 3,875 | 4,242 | 4,387 | 4,415 | 4,627 |
| Borrowings | 1,027 | 917 | 782 | 684 | 297 | 667 | 594 | 298 | 665 | 743 | 623 | 588 | 644 |
| Other Liabilities | 478 | 315 | 176 | 216 | 534 | 684 | 332 | 451 | 730 | 668 | 653 | 607 | 631 |
| Total Liabilities | 2,506 | 2,246 | 1,953 | 1,853 | 2,739 | 5,144 | 4,438 | 4,244 | 5,308 | 5,692 | 5,701 | 5,648 | 5,941 |
| Fixed Assets | 941 | 907 | 932 | 889 | 833 | 788 | 745 | 694 | 763 | 1,363 | 1,816 | 1,938 | 1,859 |
| CWIP | 119 | 108 | 27 | 1 | 2 | 19 | 101 | 373 | 696 | 472 | 212 | 71 | 117 |
| Investments | 174 | 223 | 227 | 231 | 248 | 942 | 1,245 | 1,358 | 1,171 | 859 | 1,200 | 1,400 | 1,727 |
| Other Assets | 1,273 | 1,009 | 767 | 732 | 1,656 | 3,396 | 2,348 | 1,819 | 2,678 | 2,998 | 2,474 | 2,238 | 2,238 |
| Total Assets | 2,506 | 2,246 | 1,953 | 1,853 | 2,739 | 5,144 | 4,438 | 4,244 | 5,308 | 5,692 | 5,701 | 5,648 | 5,941 |
Below is a detailed analysis of the balance sheet data for HEG Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 39.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 39.00 Cr..
- For Reserves, as of Sep 2025, the value is 4,627.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,415.00 Cr. (Mar 2025) to 4,627.00 Cr., marking an increase of 212.00 Cr..
- For Borrowings, as of Sep 2025, the value is 644.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 588.00 Cr. (Mar 2025) to 644.00 Cr., marking an increase of 56.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 631.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 607.00 Cr. (Mar 2025) to 631.00 Cr., marking an increase of 24.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 5,941.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,648.00 Cr. (Mar 2025) to 5,941.00 Cr., marking an increase of 293.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 1,859.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,938.00 Cr. (Mar 2025) to 1,859.00 Cr., marking a decrease of 79.00 Cr..
- For CWIP, as of Sep 2025, the value is 117.00 Cr.. The value appears strong and on an upward trend. It has increased from 71.00 Cr. (Mar 2025) to 117.00 Cr., marking an increase of 46.00 Cr..
- For Investments, as of Sep 2025, the value is 1,727.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,400.00 Cr. (Mar 2025) to 1,727.00 Cr., marking an increase of 327.00 Cr..
- For Other Assets, as of Sep 2025, the value is 2,238.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 2,238.00 Cr..
- For Total Assets, as of Sep 2025, the value is 5,941.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,648.00 Cr. (Mar 2025) to 5,941.00 Cr., marking an increase of 293.00 Cr..
Notably, the Reserves (4,627.00 Cr.) exceed the Borrowings (644.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 246.00 | -735.00 | -645.00 | -603.00 | -296.00 | -663.00 | -599.00 | -351.00 | -135.00 | -124.00 | -241.00 | -333.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 133 | 121 | 134 | 153 | 129 | 66 | 68 | 84 | 98 | 72 | 78 | 75 |
| Inventory Days | 256 | 238 | 342 | 216 | 391 | 428 | 226 | 262 | 431 | 574 | 379 | 507 |
| Days Payable | 119 | 76 | 48 | 73 | 188 | 124 | 30 | 116 | 197 | 164 | 135 | 161 |
| Cash Conversion Cycle | 270 | 282 | 428 | 297 | 332 | 370 | 264 | 230 | 331 | 483 | 321 | 421 |
| Working Capital Days | -17 | 13 | -7 | -3 | 120 | 86 | 134 | 93 | 75 | 107 | 111 | 141 |
| ROCE % | 9% | 6% | 3% | 1% | 86% | 139% | -0% | -2% | 14% | 15% | 9% | 4% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Small Cap Fund | 6,931,269 | 1.01 | 365.76 | N/A | N/A | N/A |
| Bank of India ELSS Tax Saver | 580,000 | 2.17 | 30.61 | N/A | N/A | N/A |
| Bank of India Flexi Cap Fund | 500,000 | 1.17 | 26.39 | 23,500 | 2025-12-08 01:14:03 | 2027.66% |
| Bank of India Mid & Small Cap Equity & Debt Fund | 404,000 | 1.61 | 21.32 | 38,000 | 2025-12-08 01:14:03 | 963.16% |
| Bank of India Small Cap Fund | 380,000 | 1.01 | 20.05 | N/A | N/A | N/A |
| Bank of India Manufacturing & Infrastructure Fund | 150,840 | 1.2 | 7.96 | 8,403 | 2025-12-08 01:14:03 | 1695.07% |
| Bank of India Mid Cap Tax Fund Series 2 | 5,300 | 0.84 | 0.28 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 5.96 | 80.75 | 137.95 | 111.68 | -4.65 |
| Diluted EPS (Rs.) | 5.96 | 80.75 | 137.95 | 111.68 | -4.65 |
| Cash EPS (Rs.) | 15.45 | 104.85 | 144.20 | 121.74 | 12.39 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 230.79 | 1146.74 | 1109.17 | 1014.00 | 905.55 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 230.79 | 1146.74 | 1109.17 | 1014.00 | 905.55 |
| Revenue From Operations / Share (Rs.) | 111.91 | 620.51 | 639.25 | 570.43 | 325.48 |
| PBDIT / Share (Rs.) | 19.83 | 135.79 | 188.50 | 157.21 | 13.92 |
| PBIT / Share (Rs.) | 9.44 | 90.54 | 161.99 | 136.67 | -5.02 |
| PBT / Share (Rs.) | 7.40 | 81.28 | 155.26 | 134.73 | -7.97 |
| Net Profit / Share (Rs.) | 5.06 | 59.60 | 117.69 | 101.20 | -6.55 |
| NP After MI And SOA / Share (Rs.) | 5.96 | 80.75 | 137.94 | 111.68 | -4.65 |
| PBDIT Margin (%) | 17.71 | 21.88 | 29.48 | 27.56 | 4.27 |
| PBIT Margin (%) | 8.43 | 14.59 | 25.34 | 23.95 | -1.54 |
| PBT Margin (%) | 6.61 | 13.09 | 24.28 | 23.61 | -2.44 |
| Net Profit Margin (%) | 4.51 | 9.60 | 18.41 | 17.74 | -2.01 |
| NP After MI And SOA Margin (%) | 5.32 | 13.01 | 21.57 | 19.57 | -1.42 |
| Return on Networth / Equity (%) | 2.58 | 7.04 | 12.43 | 11.01 | -0.51 |
| Return on Capital Employeed (%) | 3.99 | 7.70 | 14.28 | 13.11 | -0.53 |
| Return On Assets (%) | 2.03 | 5.46 | 9.35 | 8.12 | -0.42 |
| Total Debt / Equity (X) | 0.13 | 0.13 | 0.17 | 0.16 | 0.08 |
| Asset Turnover Ratio (%) | 0.38 | 0.42 | 0.44 | 0.46 | 0.29 |
| Current Ratio (X) | 2.26 | 2.25 | 2.17 | 2.34 | 3.22 |
| Quick Ratio (X) | 1.11 | 1.23 | 1.07 | 1.58 | 2.32 |
| Inventory Turnover Ratio (X) | 1.76 | 0.82 | 1.09 | 1.21 | 0.63 |
| Dividend Payout Ratio (NP) (%) | 75.47 | 52.62 | 28.99 | 2.68 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 27.51 | 33.72 | 24.32 | 2.26 | 0.00 |
| Earning Retention Ratio (%) | 24.53 | 47.38 | 71.01 | 97.32 | 0.00 |
| Cash Earning Retention Ratio (%) | 72.49 | 66.28 | 75.68 | 97.74 | 0.00 |
| Interest Coverage Ratio (X) | 9.76 | 14.66 | 27.97 | 81.04 | 4.73 |
| Interest Coverage Ratio (Post Tax) (X) | 3.49 | 7.44 | 18.47 | 53.16 | -1.23 |
| Enterprise Value (Cr.) | 9772.24 | 7325.45 | 3604.09 | 5365.01 | 5396.96 |
| EV / Net Operating Revenue (X) | 4.52 | 3.06 | 1.46 | 2.44 | 4.30 |
| EV / EBITDA (X) | 25.54 | 13.98 | 4.95 | 8.84 | 100.45 |
| MarketCap / Net Operating Revenue (X) | 4.32 | 2.97 | 1.44 | 2.41 | 4.50 |
| Retention Ratios (%) | 24.52 | 47.37 | 71.00 | 97.31 | 0.00 |
| Price / BV (X) | 2.10 | 1.61 | 0.83 | 1.36 | 1.62 |
| Price / Net Operating Revenue (X) | 4.32 | 2.97 | 1.44 | 2.41 | 4.50 |
| EarningsYield | 0.01 | 0.04 | 0.14 | 0.08 | 0.00 |
After reviewing the key financial ratios for HEG Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. It has decreased from 10.00 (Mar 24) to 2.00, marking a decrease of 8.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 5.96. This value is within the healthy range. It has decreased from 80.75 (Mar 24) to 5.96, marking a decrease of 74.79.
- For Diluted EPS (Rs.), as of Mar 25, the value is 5.96. This value is within the healthy range. It has decreased from 80.75 (Mar 24) to 5.96, marking a decrease of 74.79.
- For Cash EPS (Rs.), as of Mar 25, the value is 15.45. This value is within the healthy range. It has decreased from 104.85 (Mar 24) to 15.45, marking a decrease of 89.40.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 230.79. It has decreased from 1,146.74 (Mar 24) to 230.79, marking a decrease of 915.95.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 230.79. It has decreased from 1,146.74 (Mar 24) to 230.79, marking a decrease of 915.95.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 111.91. It has decreased from 620.51 (Mar 24) to 111.91, marking a decrease of 508.60.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 19.83. This value is within the healthy range. It has decreased from 135.79 (Mar 24) to 19.83, marking a decrease of 115.96.
- For PBIT / Share (Rs.), as of Mar 25, the value is 9.44. This value is within the healthy range. It has decreased from 90.54 (Mar 24) to 9.44, marking a decrease of 81.10.
- For PBT / Share (Rs.), as of Mar 25, the value is 7.40. This value is within the healthy range. It has decreased from 81.28 (Mar 24) to 7.40, marking a decrease of 73.88.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 5.06. This value is within the healthy range. It has decreased from 59.60 (Mar 24) to 5.06, marking a decrease of 54.54.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 5.96. This value is within the healthy range. It has decreased from 80.75 (Mar 24) to 5.96, marking a decrease of 74.79.
- For PBDIT Margin (%), as of Mar 25, the value is 17.71. This value is within the healthy range. It has decreased from 21.88 (Mar 24) to 17.71, marking a decrease of 4.17.
- For PBIT Margin (%), as of Mar 25, the value is 8.43. This value is below the healthy minimum of 10. It has decreased from 14.59 (Mar 24) to 8.43, marking a decrease of 6.16.
- For PBT Margin (%), as of Mar 25, the value is 6.61. This value is below the healthy minimum of 10. It has decreased from 13.09 (Mar 24) to 6.61, marking a decrease of 6.48.
- For Net Profit Margin (%), as of Mar 25, the value is 4.51. This value is below the healthy minimum of 5. It has decreased from 9.60 (Mar 24) to 4.51, marking a decrease of 5.09.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.32. This value is below the healthy minimum of 8. It has decreased from 13.01 (Mar 24) to 5.32, marking a decrease of 7.69.
- For Return on Networth / Equity (%), as of Mar 25, the value is 2.58. This value is below the healthy minimum of 15. It has decreased from 7.04 (Mar 24) to 2.58, marking a decrease of 4.46.
- For Return on Capital Employeed (%), as of Mar 25, the value is 3.99. This value is below the healthy minimum of 10. It has decreased from 7.70 (Mar 24) to 3.99, marking a decrease of 3.71.
- For Return On Assets (%), as of Mar 25, the value is 2.03. This value is below the healthy minimum of 5. It has decreased from 5.46 (Mar 24) to 2.03, marking a decrease of 3.43.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.13. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.13.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.38. It has decreased from 0.42 (Mar 24) to 0.38, marking a decrease of 0.04.
- For Current Ratio (X), as of Mar 25, the value is 2.26. This value is within the healthy range. It has increased from 2.25 (Mar 24) to 2.26, marking an increase of 0.01.
- For Quick Ratio (X), as of Mar 25, the value is 1.11. This value is within the healthy range. It has decreased from 1.23 (Mar 24) to 1.11, marking a decrease of 0.12.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.76. This value is below the healthy minimum of 4. It has increased from 0.82 (Mar 24) to 1.76, marking an increase of 0.94.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 75.47. This value exceeds the healthy maximum of 50. It has increased from 52.62 (Mar 24) to 75.47, marking an increase of 22.85.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 27.51. This value is within the healthy range. It has decreased from 33.72 (Mar 24) to 27.51, marking a decrease of 6.21.
- For Earning Retention Ratio (%), as of Mar 25, the value is 24.53. This value is below the healthy minimum of 40. It has decreased from 47.38 (Mar 24) to 24.53, marking a decrease of 22.85.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 72.49. This value exceeds the healthy maximum of 70. It has increased from 66.28 (Mar 24) to 72.49, marking an increase of 6.21.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 9.76. This value is within the healthy range. It has decreased from 14.66 (Mar 24) to 9.76, marking a decrease of 4.90.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.49. This value is within the healthy range. It has decreased from 7.44 (Mar 24) to 3.49, marking a decrease of 3.95.
- For Enterprise Value (Cr.), as of Mar 25, the value is 9,772.24. It has increased from 7,325.45 (Mar 24) to 9,772.24, marking an increase of 2,446.79.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.52. This value exceeds the healthy maximum of 3. It has increased from 3.06 (Mar 24) to 4.52, marking an increase of 1.46.
- For EV / EBITDA (X), as of Mar 25, the value is 25.54. This value exceeds the healthy maximum of 15. It has increased from 13.98 (Mar 24) to 25.54, marking an increase of 11.56.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.32. This value exceeds the healthy maximum of 3. It has increased from 2.97 (Mar 24) to 4.32, marking an increase of 1.35.
- For Retention Ratios (%), as of Mar 25, the value is 24.52. This value is below the healthy minimum of 30. It has decreased from 47.37 (Mar 24) to 24.52, marking a decrease of 22.85.
- For Price / BV (X), as of Mar 25, the value is 2.10. This value is within the healthy range. It has increased from 1.61 (Mar 24) to 2.10, marking an increase of 0.49.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.32. This value exceeds the healthy maximum of 3. It has increased from 2.97 (Mar 24) to 4.32, marking an increase of 1.35.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 24) to 0.01, marking a decrease of 0.03.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in HEG Ltd:
- Net Profit Margin: 4.51%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 3.99% (Industry Average ROCE: 4.98%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 2.58% (Industry Average ROE: 4.14%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 3.49
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.11
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 43.2 (Industry average Stock P/E: 73.33)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.13
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 4.51%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Electrodes - Graphite | Mandideep (Near Bhopal), Raisen District Madhya Pradesh 462046 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. L N Jhunjhunwala | Chairman Emeritus |
| Mr. Ravi Jhunjhunwala | Chairman & M.D & CEO |
| Mr. Riju Jhunjhunwala | Vice Chairman |
| Mr. Manish Gulati | Executive Director |
| Mrs. Vinita Singhania | Non Executive Director |
| Mr. Shekhar Agarwal | Non Executive Director |
| Dr. Kamal Gupta | Non Executive Director |
| Mr. Jayant Davar | Independent Director |
| Mrs. Ramni Nirula | Independent Director |
| Mr. Satish Chand Mehta | Independent Director |
| Mr. Sandip Somany | Independent Director |
| Dr. Nand Gopal Khaitan | Independent Director |
| Mr. P S Dasgupta | Independent Director |
FAQ
What is the intrinsic value of HEG Ltd?
HEG Ltd's intrinsic value (as of 19 January 2026) is ₹196.08 which is 66.02% lower the current market price of ₹577.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹11,140 Cr. market cap, FY2025-2026 high/low of ₹672/331, reserves of ₹4,627 Cr, and liabilities of ₹5,941 Cr.
What is the Market Cap of HEG Ltd?
The Market Cap of HEG Ltd is 11,140 Cr..
What is the current Stock Price of HEG Ltd as on 19 January 2026?
The current stock price of HEG Ltd as on 19 January 2026 is ₹577.
What is the High / Low of HEG Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of HEG Ltd stocks is ₹672/331.
What is the Stock P/E of HEG Ltd?
The Stock P/E of HEG Ltd is 43.2.
What is the Book Value of HEG Ltd?
The Book Value of HEG Ltd is 242.
What is the Dividend Yield of HEG Ltd?
The Dividend Yield of HEG Ltd is 0.31 %.
What is the ROCE of HEG Ltd?
The ROCE of HEG Ltd is 3.96 %.
What is the ROE of HEG Ltd?
The ROE of HEG Ltd is 2.59 %.
What is the Face Value of HEG Ltd?
The Face Value of HEG Ltd is 2.00.