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NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
HEG Limited

HEG Limited

NSE: HEG
Electrical Equipment & PartsIndustrialsSMALL CAPMCap ₹4.80k Cr
₹233.56₹-3.61 (-1.52%)

Market Closed • NSE

Market cap₹4.80k Cr
Enterprise value₹4.96k Cr
P/E TTM13.30
Forward P/E8.13
P/B1.01
EPS TTM₹18.69
Forward EPS₹30.57
ROCE8.35%
D/E0.17
Dividend yield0.01%
Face value₹2.00
52W high₹753.90
52W low₹214.10
Price chart(1Y)
1Y Return:-56.70% (₹305.89)
H: ₹753.9L: ₹214.1
1W-0.09%
1M-6.45%
3M-58.77%
6M-62.74%
1Y-54.67%
Today at a glance

Day range

₹229.01₹239.00

52 week range

₹214.10₹753.90
Volume1.33M0.88x 20D avg
Free float50.00%-12.40% volume

HEG Limited closed at INR233.56 (-1.52%) on volume 0.88x its 20-day average, trading 69.02% below its 52-week high.

Technical analysis
RSI (14)26.9Oversold
MACDBULLISHBullish (Above signal)
ATR (14)₹20.92High
SMA 20₹236.74BEARISH
SMA 50₹480.47BEARISH
SMA 100₹520.94BEARISH
SMA 200₹545.51BEARISH
CPR bottom₹242.16
Pivot₹240.50
CPR top₹238.83
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +207% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹796.0 Cr₹4.80k Cr16.60%≤ 33%PASS
Non-halal income ratio₹20.4 Cr₹2.55k Cr0.80%≤ 5%PASS
Illiquid assets ratio₹6.13k Cr₹6.17k Cr99.34%≥ 20%PASS
Receivables ratio–₹6.17k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E13.3028.10
Forward P/E8.13—
P/B1.013.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield7.503.60
Growth & profitability
RevenuePAT
FY25PAT margin 4.70%
FY26PAT margin 7.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+5.80%
Revenue CAGR 5Y+3.60%
PAT CAGR 3Y+49.90%
PAT CAGR 5Y+24.30%
Operating margin14.83%
Net margin13.61%
Financial health & cash flow
Net debt₹755.4 CrModerate
Interest coverage12.70xEBIT / interest
CFO / PAT0.62x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹213.2 Cr
Capital expenditure–
Free cash flow₹-3947.8 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation75/100
Profitability65/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.17x

Attractive Valuation: P/E of 13.3x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Electrical Equipment & Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · June 2026

Ownership distribution

Jun 2026Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Dec 2024Jun 2025Sept 2025Dec 2025Jun 2026
18.06%Institutional holding
21.21%Public holding
5Periods available
0.00%Promoter pledged
1.34LShareholders
Delivery participation

Traded volume and delivery percentage across the latest 8 sessions

Average delivery (8D)39.20%+1.45% latest vs average
Highest delivery51.30%on 02 Sept
Average volume (8D)1.78MTrading-session average
Conviction trendStrengthening+1.45% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About HEG Limited
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]

IndiaIndustrials

Questions investors ask
Is HEG Limited Shariah compliant?

HEG Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (16.6%) complies with AAOIFI threshold (≤ 33%).

What is HEG Limited's current valuation relative to peers?

HEG Limited trades at a P/E of 13.3x compared to the sector median of 28.1x, and a Price-to-Book of 1.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.17x. Interest coverage is 12.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.6% while net profit growth averaged 24.3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.