Share Price and Basic Stock Data
Last Updated: December 26, 2025, 9:03 pm
| PEG Ratio | -4.28 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
HEG Ltd, operating in the graphite electrodes industry, reported a share price of ₹560 and a market capitalization of ₹10,784 Cr. The company has experienced fluctuating sales over recent quarters, with a peak of ₹722 Cr in June 2022, followed by a decline to ₹530 Cr in December 2022. Sales rebounded to ₹671 Cr in June 2023 but saw a subsequent drop to ₹614 Cr in September 2023. For the fiscal year ending March 2025, total sales are recorded at ₹2,158 Cr, down from ₹2,463 Cr in March 2023. The trailing twelve months (TTM) sales stood at ₹2,337 Cr. This pattern indicates a volatile sales environment, likely influenced by market demand and pricing dynamics in the graphite sector, which has been known for its cyclical nature. The company’s operational performance reflects a strong reliance on market conditions, suggesting that HEG must navigate external factors effectively to stabilize revenue growth.
Profitability and Efficiency Metrics
HEG Ltd reported a net profit of ₹258 Cr, translating to a net profit margin of 4.51% for the fiscal year ending March 2025. The company’s operating profit margin (OPM) was recorded at 12%, down from 25% in March 2023, reflecting pressure on margins amid rising operational costs. The interest coverage ratio (ICR) stood at 9.76x, indicating a robust ability to meet interest obligations, which is favorable compared to industry standards. However, the return on equity (ROE) and return on capital employed (ROCE) remain low at 2.59% and 3.96%, respectively. This low profitability ratio raises concerns about the company’s ability to generate adequate returns for shareholders relative to its equity base. Additionally, the cash conversion cycle (CCC) extended to 421 days, highlighting inefficiencies in working capital management, which could further strain liquidity if not addressed.
Balance Sheet Strength and Financial Ratios
As of March 2025, HEG Ltd reported total borrowings of ₹644 Cr against reserves of ₹4,627 Cr, showcasing a conservative debt-to-equity ratio of 0.13. This low leverage indicates a strong balance sheet position, allowing the company to absorb financial shocks. The current ratio stood at 2.26, reflecting sound liquidity, while the quick ratio was at 1.11, indicating the company can cover its short-term liabilities adequately. However, the book value per share, which is ₹230.79, suggests that the market price of ₹560 is considerably higher, resulting in a price-to-book value (P/BV) ratio of 2.10x. This high valuation may indicate market optimism or overvaluation based on future growth expectations, which could lead to risks if growth does not materialize as anticipated. The enterprise value (EV) of ₹9,772.24 Cr compared to net operating revenue shows a heightened valuation, emphasizing the need for solid operational performance to justify current market prices.
Shareholding Pattern and Investor Confidence
HEG Ltd’s shareholding pattern indicates significant promoter confidence, with promoters holding 55.77% of the company as of March 2025. This stable ownership reflects a commitment to long-term value creation. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 7.97% and 11.99%, respectively, indicating a moderate level of institutional interest. The public shareholding stood at 24.27%, suggesting healthy retail participation. However, the gradual decline in the number of shareholders from 1,52,118 in December 2022 to 1,41,576 in March 2025 could indicate waning investor interest or confidence, which might necessitate efforts from the management to enhance shareholder engagement and address concerns regarding profitability and growth prospects. The fluctuating institutional ownership, particularly the increasing DII stake, could signal a strategic shift towards more stable investment in the company.
Outlook, Risks, and Final Insight
Looking ahead, HEG Ltd faces both opportunities and challenges. The low debt levels provide financial flexibility to invest in growth initiatives or navigate market downturns. However, the company must address profitability concerns, particularly the declining margins and low return ratios, to enhance shareholder value. Risks include potential volatility in raw material prices and fluctuating demand for graphite electrodes, which could further impact margins. Additionally, the extended cash conversion cycle may pose liquidity challenges if not managed effectively. In the absence of significant operational improvements or favorable market conditions, the company may struggle to maintain its current valuation levels. Conversely, should HEG implement strategic measures to improve efficiency and profitability, it could see a resurgence in investor confidence and market performance, paving the way for sustainable growth and enhanced shareholder returns.
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 | 10,784 Cr. | 560 | 622/331 | 41.8 | 242 | 0.32 % | 3.96 % | 2.59 % | 2.00 |
| Graphite India Ltd | 11,386 Cr. | 583 | 652/366 | 47.2 | 301 | 1.89 % | 10.1 % | 8.00 % | 2.00 |
| DE Nora India Ltd | 372 Cr. | 698 | 1,307/651 | 140 | 240 | 0.00 % | 0.88 % | 1.84 % | 10.0 |
| Industry Average | 7,514.00 Cr | 613.67 | 76.33 | 261.00 | 0.74% | 4.98% | 4.14% | 4.67 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 722 | 598 | 530 | 617 | 671 | 614 | 562 | 547 | 571 | 568 | 478 | 542 | 617 |
| Expenses | 538 | 419 | 398 | 493 | 520 | 512 | 476 | 506 | 533 | 471 | 411 | 608 | 512 |
| Operating Profit | 184 | 179 | 132 | 123 | 151 | 102 | 87 | 41 | 39 | 97 | 67 | -66 | 105 |
| OPM % | 25% | 30% | 25% | 20% | 23% | 17% | 15% | 8% | 7% | 17% | 14% | -12% | 17% |
| Other Income | 21 | 20 | 40 | 42 | 68 | 63 | 30 | 64 | 41 | 63 | 112 | 48 | 83 |
| Interest | 4 | 7 | 8 | 7 | 9 | 9 | 10 | 9 | 8 | 9 | 9 | 12 | 8 |
| Depreciation | 21 | 23 | 25 | 33 | 38 | 38 | 47 | 50 | 48 | 48 | 51 | 55 | 53 |
| Profit before tax | 180 | 168 | 139 | 125 | 172 | 118 | 59 | 46 | 24 | 103 | 119 | -85 | 127 |
| Tax % | 26% | 23% | 25% | 20% | 19% | 18% | 27% | 29% | 3% | 20% | 30% | -13% | 18% |
| Net Profit | 159 | 169 | 105 | 100 | 139 | 96 | 44 | 33 | 23 | 82 | 83 | -74 | 105 |
| EPS in Rs | 8.24 | 8.75 | 5.42 | 5.17 | 7.21 | 4.97 | 2.26 | 1.71 | 1.19 | 4.26 | 4.32 | -3.82 | 5.43 |
Last Updated: August 1, 2025, 8:20 pm
Below is a detailed analysis of the quarterly data for HEG Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 617.00 Cr.. The value appears strong and on an upward trend. It has increased from 542.00 Cr. (Mar 2025) to 617.00 Cr., marking an increase of 75.00 Cr..
- For Expenses, as of Jun 2025, the value is 512.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 608.00 Cr. (Mar 2025) to 512.00 Cr., marking a decrease of 96.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 105.00 Cr.. The value appears strong and on an upward trend. It has increased from -66.00 Cr. (Mar 2025) to 105.00 Cr., marking an increase of 171.00 Cr..
- For OPM %, as of Jun 2025, the value is 17.00%. The value appears strong and on an upward trend. It has increased from -12.00% (Mar 2025) to 17.00%, marking an increase of 29.00%.
- For Other Income, as of Jun 2025, the value is 83.00 Cr.. The value appears strong and on an upward trend. It has increased from 48.00 Cr. (Mar 2025) to 83.00 Cr., marking an increase of 35.00 Cr..
- For Interest, as of Jun 2025, the value is 8.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 12.00 Cr. (Mar 2025) to 8.00 Cr., marking a decrease of 4.00 Cr..
- For Depreciation, as of Jun 2025, the value is 53.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 55.00 Cr. (Mar 2025) to 53.00 Cr., marking a decrease of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 127.00 Cr.. The value appears strong and on an upward trend. It has increased from -85.00 Cr. (Mar 2025) to 127.00 Cr., marking an increase of 212.00 Cr..
- For Tax %, as of Jun 2025, the value is 18.00%. The value appears to be increasing, which may not be favorable. It has increased from -13.00% (Mar 2025) to 18.00%, marking an increase of 31.00%.
- For Net Profit, as of Jun 2025, the value is 105.00 Cr.. The value appears strong and on an upward trend. It has increased from -74.00 Cr. (Mar 2025) to 105.00 Cr., marking an increase of 179.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 5.43. The value appears strong and on an upward trend. It has increased from -3.82 (Mar 2025) to 5.43, marking an increase of 9.25.
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: 41.8 (Industry average Stock P/E: 76.33)
- 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 26 December 2025) is 210.27 which is 62.45% lower the current market price of 560.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 10,784 Cr. market cap, FY2025-2026 high/low of 622/331, 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 10,784 Cr..
What is the current Stock Price of HEG Ltd as on 26 December 2025?
The current stock price of HEG Ltd as on 26 December 2025 is 560.
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 622/331.
What is the Stock P/E of HEG Ltd?
The Stock P/E of HEG Ltd is 41.8.
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 0.32 %.
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.