HEG Latest Share Price (HEG)
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With a market cap of ₹4,384.45 Cr., it trades at a P/E of 11.66. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
HEG flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Steady Dividend YieldReliable 1.57% dividend yield
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.18x
- ●Promoter BuyingPromoters increased holdings by 4.32% QoQ
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Poor Capital ReturnsLow ROE of 4.2%
- ●FII SellingFII holding decreased by 1.77% QoQ
Latest HEG News
What changed recently?
Recent events, corporate actions, and announcements.
HEG valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for HEG, framed against the sector median so the premium or discount is obvious at a glance.
HEG trades at a P/E of 11.66× and P/B of 0.88×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
HEG technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for HEG — derived from the latest tape, not yesterday's close.
HEG last traded at ₹728.25 with an intraday range of ₹695.8–₹744.9 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹728.25| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 848.37 | +120.12 | +16.49% |
| R3 | 799.27 | +71.02 | +9.75% |
| R2 | 772.08 | +43.83 | +6.02% |
| R1 | 750.17 | +21.92 | +3.01% |
| PIVOT | 722.98 | -5.27 | -0.72% |
| CURRENT | 728.25 | — | — |
| S1 | 701.07 | -27.18 | -3.73% |
| S2 | 673.88 | -54.37 | -7.47% |
| S3 | 651.97 | -76.28 | -10.47% |
| S4 | 602.87 | -125.38 | -17.22% |
HEG is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹–₹
Trading Above opening range, showing Bullishness
HEG financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for HEG — consolidated or standalone — with margins, YoY growth and key ratios inline.
HEG reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹4,384.45 Cr. and reported EPS of ₹5.67.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 2,160 | 2,569 ▲ 18.9% |
| Sales Growth YoY %Derived | -9.82% | 18.93% |
| Other Income | 128 | 141 ▲ 10.5% |
| Total Income | 2,287 | 2,709 ▲ 18.5% |
| 904 | 1,063 ▲ 17.7% | |
| Gross ProfitDerived | 1,256 | 1,505 ▲ 19.8% |
| Gross Margin %Derived | 58.15% | 58.60% |
| 1,001 | 1,107 ▲ 10.6% | |
| EBITDA (Operating Profit)Derived | 255 | 398 ▲ 56.1% |
| OPM %Derived | 11.81% | 15.51% |
| 240 | 250 ▲ 4.4% | |
| Profit Before Tax (PBT) | 143 | 289 ▲ 102.2% |
| 45 | 66 ▲ 46.5% | |
| Effective Tax %Derived | 31.71% | 22.99% |
| Profit/Loss from Discontinued Ops | — | 3 |
| Total Profit for Period | 115 | 338 ▲ 193.7% |
| Net Profit (Owner's PAT)Derived | 115 | 338 ▲ 193.7% |
| Net Profit Margin %Derived | 5.33% | 13.16% |
| PAT Growth YoY %Derived | -63.08% | 193.73% |
| Earnings Per Share (EPS ₹) | 5.96 | 17.69 ▲ 196.8% |
| Diluted Shares Outstanding (Cr) | 19 | 19 ▲ 0.0% |
| Share of Profit from Associates/JVs | 17 | 116 ▲ 560.8% |
| Other Comprehensive Income (Net of Tax) | -0 | -2 ▼ 535.9% |
| Total Expenses (incl. D&A & Interest) | 2,144 | 2,421 ▲ 12.9% |
| Material Cost % of RevenueDerived | 44.21% | 37.98% |
| Employee Cost % of RevenueDerived | 4.80% | 4.82% |
| Other Cost % of RevenueDerived | 41.54% | 38.27% |
| Interest Coverage (x)Derived | 1.39x | 4.97x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,758 | 6,593 ▲ 139.0% | 2,149 ▼ 67.4% | 1,256 ▼ 41.5% | 2,202 ▲ 75.3% | 2,467 ▲ 12.1% | 2,395 ▼ 2.9% | 2,160 ▼ 9.8% | 2,569 ▲ 18.9% | |
| Sales Growth YoY %Derived | — | 139.01% | -67.40% | -41.54% | 75.26% | 12.07% | -2.93% | -9.82% | 18.93% | |
| Other Income | 12 | 109 ▲ 782.6% | 144 ▲ 31.7% | 113 ▼ 21.5% | 80 ▼ 29.5% | 109 ▲ 37.2% | 142 ▲ 29.8% | 128 ▼ 10.0% | 141 ▲ 10.5% | |
| Total Income | 2,771 | 6,702 ▲ 141.9% | 2,293 ▼ 65.8% | 1,369 ▼ 40.3% | 2,281 ▲ 66.6% | 2,576 ▲ 12.9% | 2,537 ▼ 1.5% | 2,287 ▼ 9.8% | 2,709 ▲ 18.5% | |
478 | 1,115 ▲ 133.2% | 1,621 ▲ 45.4% | 809 ▼ 50.1% | 829 ▲ 2.5% | 915 ▲ 10.4% | 1,151 ▲ 25.8% | 904 ▼ 21.5% | 1,063 ▲ 17.7% | ||
| Gross ProfitDerived | 2,280 | 5,478 ▲ 140.2% | 528 ▼ 90.4% | 447 ▼ 15.3% | 1,373 ▲ 207.0% | 1,552 ▲ 13.1% | 1,244 ▼ 19.9% | 1,256 ▲ 1.0% | 1,505 ▲ 19.8% | |
| Gross Margin %Derived | 82.67% | 83.09% | 24.57% | 35.59% | 62.35% | 62.91% | 51.92% | 58.15% | 58.60% | |
559 | 820 ▲ 46.7% | 534 ▼ 34.9% | 506 ▼ 5.1% | 845 ▲ 67.0% | 934 ▲ 10.4% | 861 ▼ 7.8% | 1,001 ▲ 16.2% | 1,107 ▲ 10.6% | ||
| EBITDA (Operating Profit)Derived | 1,722 | 4,658 ▲ 170.6% | -6 ▼ 100.1% | -59 ▼ 915.8% | 527 ▲ 990.9% | 618 ▲ 17.3% | 382 ▼ 38.2% | 255 ▼ 33.3% | 398 ▲ 56.1% | |
| OPM %Derived | 62.41% | 70.66% | -0.27% | -4.71% | 23.95% | 25.06% | 15.97% | 11.81% | 15.51% | |
129 | 90 ▼ 30.1% | 109 ▲ 20.2% | 84 ▼ 22.2% | 87 ▲ 2.7% | 128 ▲ 47.9% | 210 ▲ 64.0% | 240 ▲ 14.0% | 250 ▲ 4.4% | ||
| Profit Before Tax (PBT) | 1,605 | 4,677 ▲ 191.5% | 29 ▼ 99.4% | -31 ▼ 205.0% | 520 ▲ 1790.5% | 599 ▲ 15.2% | 314 ▼ 47.6% | 143 ▼ 54.5% | 289 ▲ 102.2% | |
523 | 1,627 ▲ 210.8% | -24 ▼ 101.5% | -5 ▲ 77.3% | 129 ▲ 2470.3% | 145 ▲ 12.0% | 84 ▼ 42.3% | 45 ▼ 45.9% | 66 ▲ 46.5% | ||
| Effective Tax %Derived | 32.61% | 34.78% | -82.24% | 17.75% | 24.89% | 24.19% | 26.68% | 31.71% | 22.99% | |
| Profit/Loss from Discontinued Ops | — | — | — | — | — | — | — | — | 3 | |
| Total Profit for Period | 1,099 | 3,026 ▲ 175.2% | 68 ▼ 97.8% | -18 ▼ 126.5% | 431 ▲ 2502.7% | 532 ▲ 23.5% | 312 ▼ 41.5% | 115 ▼ 63.1% | 338 ▲ 193.7% | |
| Net Profit (Owner's PAT)Derived | 1,099 | 3,026 ▲ 175.2% | 68 ▼ 97.8% | -18 ▼ 126.5% | 431 ▲ 2502.7% | 532 ▲ 23.5% | 312 ▼ 41.5% | 115 ▼ 63.1% | 338 ▲ 193.7% | |
| Net Profit Margin %Derived | 39.86% | 45.90% | 3.15% | -1.43% | 19.58% | 21.58% | 13.01% | 5.33% | 13.16% | |
| PAT Growth YoY %Derived | — | 175.25% | -97.77% | -126.53% | 2,502.73% | 23.50% | -41.45% | -63.08% | 193.73% | |
| Earnings Per Share (EPS ₹) | 55.03 | 156.81 ▲ 185.0% | 3.50 ▼ 97.8% | -0.93 ▼ 126.6% | 22.34 ▲ 2502.2% | 27.59 ▲ 23.5% | 16.15 ▼ 41.5% | 5.96 ▼ 63.1% | 17.69 ▲ 196.8% | |
| Diluted Shares Outstanding (Cr) | 20 | 19 ▼ 3.4% | 19 ▲ 0.0% | 19 ▲ 0.0% | 19 ▲ 0.0% | 19 ▲ 0.0% | 19 ▲ 0.0% | 19 ▲ 0.0% | 19 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 18 | -24 ▼ 234.2% | 14 ▲ 158.7% | 7 ▼ 48.4% | 40 ▲ 449.9% | 78 ▲ 93.0% | 82 ▲ 4.5% | 17 ▼ 78.6% | 116 ▲ 560.8% | |
| Other Comprehensive Income (Net of Tax) | -0 | -1 ▼ 210.5% | -1 ▼ 6.8% | 1 ▲ 304.8% | -1 ▼ 170.5% | -1 ▲ 17.7% | 0 ▲ 132.2% | -0 ▼ 261.8% | -2 ▼ 535.9% | |
| Total Expenses (incl. D&A & Interest) | 1,166 | 2,025 ▲ 73.7% | 2,263 ▲ 11.8% | 1,400 ▼ 38.2% | 1,761 ▲ 25.8% | 1,977 ▲ 12.3% | 2,223 ▲ 12.4% | 2,144 ▼ 3.5% | 2,421 ▲ 12.9% | |
| Material Cost % of RevenueDerived | 20.87% | 24.45% | 72.50% | 40.19% | 42.72% | 53.20% | 45.64% | 44.21% | 37.98% | |
| Employee Cost % of RevenueDerived | 4.08% | 3.00% | 3.05% | 4.34% | 3.63% | 3.73% | 3.98% | 4.80% | 4.82% | |
| Other Cost % of RevenueDerived | 16.18% | 9.44% | 21.79% | 35.96% | 34.76% | 34.11% | 31.98% | 41.54% | 38.27% | |
| Interest Coverage (x)Derived | 29.09x | 255.20x | -2.14x | -11.64x | 59.81x | 19.84x | 5.81x | 1.39x | 4.97x |
HEG segment analysis : revenue and profit mix.
Disclosed business segments at HEG with their share of revenue and profit, switchable between consolidated and standalone reporting.
HEG discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for HEG.
Our AI distills the core fundamental drivers supporting HEG, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
HEG's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Net margin 15.26% TTM substantially outpaces Graphite India's 6.14%, demonstrating superior pricing power.
Operating margin 15.50% latest quarter far exceeds peer averages, indicating exceptional operational efficiency.
Conservative debt-to-equity ratio 0.0018x maintains exceptionally strong balance sheet and financial stability.
Positive operating cash flow ₹241.83 Cr Q2 FY26 supports liquidity and dividend sustainability.
TTM revenue growth 11.2% demonstrates solid market demand expansion and operational momentum.
Key Risks.
P/E ratio 29.51x suggests significant overvaluation relative to current earnings multiples.
ROE 4.20% and ROCE 4.10% substantially lag industry benchmarks, limiting capital efficiency.
Latest quarterly PAT declined 10.5% YoY, showing severe earnings volatility and near-term pressure.
52-week price range ₹459.85 to ₹749.00 indicates elevated volatility and substantial downside risk.
Dividend yield 0.48% offers minimal income to equity investors seeking regular returns.
Flip Conditions.
Valuation risk. a P/E above 15 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
HEG peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — HEG is highlighted for quick read-across.
Quick Compare
HEG chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for HEG — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
HEG delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for HEG over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in HEG stood at 40.6% of traded volume, against a 20-day average of 36.7%.
HEG announcements: results, concalls, ratings, M&A.
Filings HEG sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
HEG files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 283 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
HEG Limited has informed the Exchange about Schedule of meet
Updates
HEG Limited has informed the Exchange regarding 'Re-lodgement of Transfer Requests of Physical Shares for the month of August, 2026'.
Updates
HEG Limited has informed the Exchange regarding 'change in the Company's website from www.hegltd.com to www.hegadvancedmaterials.com
Press Release
HEG Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "HEG Limited is now HEG Advanced Materials Limited".
General Updates
HEG Limited has informed the Exchange about Assignment of ESG Score by NSE Sustainability Ratings & Analytics Limited
Investor decks & rating reports.
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
HEG dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue HEG has declared, sequenced by announce and record date.
HEG corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
HEG insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in HEG as reported to SEBI — buying and selling signals from the people who know the business best.
HEG insider activity below tracks 4 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Redrose Vanijya LLP | Insider | 13 Mar 2026 | buy | +1.05 L | ₹5.31 Cr. | ₹505.48 |
| Redrose Vanijya LLP | Insider | 13 Mar 2026 | buy | +1.05 L | ₹5.31 Cr. | ₹505.48 |
| Redrose Vanijya LLP | Insider | 13 Mar 2026 | buy | +1.05 L | ₹5.31 Cr. | ₹505.48 |
| Redrose Vanijya LLP | Insider | 17 Feb 2025 | buy | +5.59 Cr | — | — |
About HEG: business, sector, key facts.
What HEG does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
HEG operates in the Electrodes & Refractories industry under the Capital Goods sector, listed as NSE: HEG, BSE: 509631.
HEG Limited is a prominent Indian company primarily engaged in the manufacturing and sale of graphite electrodes. These electrodes, crucial components in electric arc furnaces (EAFs) used for steelmaking, are categorized into ultra-high power and high power varieties, catering to diverse industrial needs. Beyond electrodes, their product portfolio includes graphite nipples, carbon blocks, graphite specialties, and activated carbon fabric products, demonstrating a degree of diversification within the graphite sector. This diversified range allows HEG to cater to a broader spectrum of industrial applications that rely on high-performance carbon materials.
A significant aspect of HEG's business operations lies in its dual-segment structure. While graphite electrode manufacturing and sales represent the core of their business, contributing the majority of their revenue, HEG also operates in the power generation sector. This segment involves the operation of thermal power plants and a hydroelectric power facility, which provides a degree of operational stability and potentially reduces reliance on external power sources for its manufacturing operations. This integrated approach allows for some internal cost optimization.
The geographical reach of HEG extends both domestically within India and internationally. This global presence allows them access to broader markets and potentially mitigates risks associated with regional economic fluctuations. The international market for graphite electrodes is highly competitive, requiring HEG to maintain a strong focus on product quality, innovation, and efficient manufacturing processes to remain competitive. The company's longevity, having been incorporated in 1972, suggests established relationships within the industry and a track record of adapting to evolving market conditions.
In summary, HEG Limited is a multifaceted company built upon a foundation of graphite electrode manufacturing, supplemented by a significant power generation segment. Their operations span the globe, requiring sustained attention to production efficiency, innovation and market responsiveness to succeed in the competitive global marketplace for specialized carbon products. The company's history indicates a degree of resilience and experience within the industry.
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Questions investors ask about HEG (HEG).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of HEG (HEG)?
The current share price of HEG (HEG) is ₹728.25. Today, the stock has gained by ₹20.80 (2.94%), trading in a range of ₹695.80 to ₹744.90. The stock opened at ₹709.00 with a trading volume of 25,65,950 shares.
02Is HEG stock a good investment for long-term?
HEG can be considered for long-term investment based on several factors. The company has a market capitalization of ₹4,384.45 Cr., P/E ratio of 11.66, ROE of 4.2%, and ROCE of 4.1%. The dividend yield stands at 1.57%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of HEG stock?
The 52-week high price of HEG (HEG) is ₹753.90, while the 52-week low is ₹470.80. Currently trading at ₹728.25, the stock is 54.68% above its 52-week low and 3.4% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy HEG stock at the current price?
Whether to buy HEG stock at ₹728.25 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.66 and P/B ratio of 0.88. Today's performance shows a gain of 2.94%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of HEG and when is the next dividend?
HEG offers a dividend yield of 1.57%, which means for every ₹100 invested at the current price of ₹728.25, you can expect to receive approximately ₹1.57 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of HEG?
HEG's key financial metrics include: P/E Ratio: 11.66, P/B Ratio: 0.88, ROE: 4.2%, ROCE: 4.1%, Dividend Yield: 1.57%, EPS: ₹5.67, Book Value: ₹246.55, and Debt-to-Equity: 0.18. The company's market cap stands at ₹4,384.45 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is HEG stock performing today in the market?
HEG stock opened at ₹709.00 and is currently trading at ₹728.25, showing a gain of ₹20.80 (2.94%). The intraday high is ₹744.90 and low is ₹695.80. The trading volume stands at 25,65,950 shares, indicating strong market participation today.
08What is the P/E ratio of HEG and what does it indicate?
HEG has a Price-to-Earnings (P/E) ratio of 11.66, which means investors are willing to pay 11.66 for every ₹1 of earnings. With an EPS of ₹5.67, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about HEG (HEG) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.