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Sensex
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HEG Ltd.

Electrodes & Welding Equipment

Rating :
47/99

BSE: 509631 | NSE: HEG

NSE BSE
503.55
13-Jun-2025
  • Open
  • High
  • Low
  • Previous Close
  •  494.95
  •  508.8
  •  492.95
  •  505.05
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  465799
  •  233799023.6
  •  619.5
  •  331.25

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 9,728.96
  • 84.56
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 10,166.78
  • 0.36%
  • 2.18

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 55.78%
  • 2.96%
  • 17.33%
  • FII
  • DII
  • Others
  • 7.18%
  • 10.76%
  • 5.99%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.86
  • 2.19
  • 2.84

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 7.73
  • -
  • -6.22

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 23.10
  • 42.33
  • -10.24

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 8.86
  • 13.74
  • 15.30

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 2.80
  • 1.56
  • 1.53

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.07
  • 17.97
  • 12.74

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
16.15
5.96
12.3
22.1
P/E Ratio
31.18
84.49
40.94
22.79
Revenue
2380
2160
2482
3042
EBITDA
382
255
461
736
Net Income
312
115
237
426
ROA
5.5
2
P/B Ratio
2.34
2.18
2.07
1.90
ROE
7.16
2.59
5.1
8.3
FCFF
288
95
FCFF Yield
3.03
1
Net Debt
-111
48
619
619
BVPS
214.8
230.77
243.1
265.1

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Jun 24
Jun 23
Var%
Net Sales
542.25
546.90
-0.85%
478.38
562.40
-14.94%
567.60
614.17
-7.58%
571.46
671.43
-14.89%
Expenses
597.72
504.11
18.57%
398.52
475.76
-16.24%
470.99
512.32
-8.07%
532.77
520.27
2.40%
EBITDA
-55.47
42.79
-
79.86
86.64
-7.83%
96.61
101.85
-5.14%
38.69
151.16
-74.40%
EBIDTM
-10.23%
7.82%
16.69%
15.41%
17.02%
16.58%
6.77%
22.51%
Other Income
48.02
64.31
-25.33%
111.58
23.22
380.53%
42.95
28.02
53.28%
20.44
26.12
-21.75%
Interest
12.01
8.63
39.17%
9.38
9.73
-3.60%
9.34
8.53
9.50%
8.47
8.85
-4.29%
Depreciation
54.59
50.44
8.23%
50.56
47.39
6.69%
47.94
38.48
24.58%
47.50
38.34
23.89%
PBT
-74.05
48.03
-
131.50
52.74
149.34%
82.28
82.86
-0.70%
3.16
130.09
-97.57%
Tax
-10.93
13.46
-
35.17
15.75
123.30%
20.39
21.70
-6.04%
0.69
32.79
-97.90%
PAT
-63.12
34.57
-
96.33
36.99
160.42%
61.89
61.16
1.19%
2.47
97.30
-97.46%
PATM
-11.64%
6.32%
20.14%
6.58%
10.90%
9.96%
0.43%
14.49%
EPS
-3.82
1.71
-
4.32
2.26
91.15%
0.85
4.97
-82.90%
1.19
7.21
-83.50%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Net Sales
2,159.69
2,394.90
2,467.24
2,201.61
1,256.23
2,149.02
6,592.83
2,750.07
860.04
869.50
1,233.07
Net Sales Growth
-9.82%
-2.93%
12.07%
75.26%
-41.54%
-67.40%
139.73%
219.76%
-1.09%
-29.48%
 
Cost Of Goods Sold
903.76
1,152.20
915.56
829.01
809.09
1,621.08
1,114.78
283.76
243.96
210.38
412.98
Gross Profit
1,255.93
1,242.71
1,551.68
1,372.60
447.14
527.95
5,478.04
2,466.31
616.08
659.12
820.09
GP Margin
58.15%
51.89%
62.89%
62.35%
35.59%
24.57%
83.09%
89.68%
71.63%
75.80%
66.51%
Total Expenditure
2,000.00
2,012.47
1,848.84
1,674.39
1,315.41
2,154.85
1,934.58
1,051.31
779.83
736.62
1,051.43
Power & Fuel Cost
-
310.08
315.90
271.11
141.85
165.83
184.00
359.26
263.23
239.85
278.12
% Of Sales
-
12.95%
12.80%
12.31%
11.29%
7.72%
2.79%
13.06%
30.61%
27.58%
22.56%
Employee Cost
-
95.27
92.05
80.00
54.53
65.60
197.57
112.44
58.78
62.58
61.07
% Of Sales
-
3.98%
3.73%
3.63%
4.34%
3.05%
3.00%
4.09%
6.83%
7.20%
4.95%
Manufacturing Exp.
-
227.44
248.89
223.95
132.05
137.45
182.59
133.61
120.47
125.26
161.77
% Of Sales
-
9.50%
10.09%
10.17%
10.51%
6.40%
2.77%
4.86%
14.01%
14.41%
13.12%
General & Admin Exp.
-
30.78
29.33
23.19
33.46
40.00
51.14
29.72
14.72
14.37
15.81
% Of Sales
-
1.29%
1.19%
1.05%
2.66%
1.86%
0.78%
1.08%
1.71%
1.65%
1.28%
Selling & Distn. Exp.
-
155.14
213.11
185.26
78.95
82.67
156.85
120.58
67.50
70.93
95.06
% Of Sales
-
6.48%
8.64%
8.41%
6.28%
3.85%
2.38%
4.38%
7.85%
8.16%
7.71%
Miscellaneous Exp.
-
41.55
34.01
61.86
65.48
42.22
47.64
11.95
11.16
13.25
95.06
% Of Sales
-
1.73%
1.38%
2.81%
5.21%
1.96%
0.72%
0.43%
1.30%
1.52%
2.16%
EBITDA
159.69
382.43
618.40
527.22
-59.18
-5.83
4,658.25
1,698.76
80.21
132.88
181.64
EBITDA Margin
7.39%
15.97%
25.06%
23.95%
-4.71%
-0.27%
70.66%
61.77%
9.33%
15.28%
14.73%
Other Income
222.99
141.67
109.14
79.55
112.91
143.76
109.19
34.93
7.65
7.69
15.16
Interest
39.20
35.74
26.01
7.49
11.37
36.51
17.97
56.42
54.72
60.31
77.13
Depreciation
200.59
174.65
102.30
79.29
73.12
72.13
72.39
72.56
73.92
79.30
75.36
PBT
142.89
313.71
599.22
520.00
-30.76
29.29
4,677.08
1,604.71
-40.77
0.96
44.31
Tax
45.32
83.70
144.96
129.41
-5.46
-24.08
1,626.65
523.37
9.27
8.51
5.32
Tax Rate
31.72%
26.68%
24.19%
24.89%
17.75%
-82.21%
34.78%
32.61%
-22.74%
886.46%
12.01%
PAT
97.57
311.68
532.41
431.04
-25.30
53.37
3,050.43
1,081.34
-50.05
-7.55
39.00
PAT before Minority Interest
97.57
311.68
532.41
431.04
-25.30
53.37
3,050.43
1,081.34
-50.05
-7.55
39.00
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
4.52%
13.01%
21.58%
19.58%
-2.01%
2.48%
46.27%
39.32%
-5.82%
-0.87%
3.16%
PAT Growth
-57.58%
-41.46%
23.52%
-
-
-98.25%
182.10%
-
-
-
 
EPS
5.06
16.15
27.59
22.33
-1.31
2.77
158.05
56.03
-2.59
-0.39
2.02

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Shareholder's Funds
4,425.94
4,280.94
3,913.63
3,495.07
3,511.72
3,793.69
1,907.52
952.56
995.86
1,014.02
Share Capital
38.60
38.60
38.60
38.60
38.60
38.60
39.96
39.96
39.96
39.96
Total Reserves
4,387.35
4,242.34
3,875.03
3,456.48
3,473.12
3,755.09
1,867.56
912.60
955.90
974.06
Non-Current Liabilities
107.86
94.93
107.22
105.06
110.12
132.81
125.08
202.28
468.02
660.92
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
135.64
156.55
252.37
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
4.98
3.06
3.81
3.58
3.91
3.87
3.41
3.43
259.02
310.15
Current Liabilities
1,167.56
1,316.09
1,415.00
644.03
816.51
1,217.87
706.50
697.67
745.28
887.44
Trade Payables
425.30
411.95
447.89
257.31
133.81
380.07
246.44
86.49
51.72
128.93
Other Current Liabilities
106.95
143.74
162.71
79.08
78.80
146.23
121.00
198.64
171.80
157.42
Short Term Borrowings
619.38
740.91
663.40
296.51
592.62
666.36
297.45
411.84
520.00
575.92
Short Term Provisions
15.93
19.50
141.00
11.12
11.28
25.21
41.60
0.70
1.77
25.18
Total Liabilities
5,701.36
5,691.96
5,435.85
4,244.16
4,438.35
5,144.37
2,739.10
1,852.51
2,209.16
2,562.38
Net Block
1,808.74
1,355.50
755.17
694.01
741.27
784.84
829.65
885.04
932.43
906.54
Gross Block
3,151.72
2,535.35
1,842.71
1,717.19
1,713.17
1,691.37
1,673.40
1,665.86
1,645.81
1,542.07
Accumulated Depreciation
1,342.98
1,179.85
1,087.54
1,023.18
971.90
906.53
843.75
780.82
713.38
635.53
Non Current Assets
3,071.53
2,839.50
2,300.91
2,170.53
2,379.47
1,708.85
1,124.37
1,152.06
1,473.97
1,627.75
Capital Work in Progress
212.27
472.01
696.08
373.27
100.61
18.58
1.61
1.20
26.70
107.75
Non Current Investment
876.13
735.57
501.99
798.59
1,231.59
837.03
251.88
233.88
226.93
222.57
Long Term Loans & Adv.
165.36
266.27
232.34
279.48
301.48
65.24
41.09
29.55
287.91
389.09
Other Non Current Assets
2.12
2.90
107.73
25.19
4.52
3.17
0.13
2.38
0.00
1.80
Current Assets
2,629.83
2,852.46
3,134.94
2,073.63
2,058.88
3,435.51
1,614.74
700.45
735.19
934.63
Current Investments
323.61
123.69
668.86
559.10
16.53
108.24
0.00
0.55
0.47
0.25
Inventories
1,194.15
1,440.12
977.81
580.61
1,005.14
1,308.39
511.44
257.80
371.19
401.90
Sundry Debtors
508.25
489.14
589.17
289.42
399.41
1,186.89
972.69
360.79
318.48
405.46
Cash & Bank
410.24
690.34
601.66
550.58
437.28
557.32
7.62
8.28
5.15
4.10
Other Current Assets
193.58
59.85
61.71
51.69
200.51
274.68
122.99
73.04
39.89
122.91
Short Term Loans & Adv.
68.75
49.33
235.72
42.24
27.16
108.22
42.19
28.45
6.70
45.67
Net Current Assets
1,462.27
1,536.37
1,719.94
1,429.60
1,242.37
2,217.65
908.24
2.78
-10.09
47.19
Total Assets
5,701.36
5,691.96
5,435.85
4,244.16
4,438.35
5,144.36
2,739.11
1,852.51
2,209.16
2,562.38

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Cash From Operating Activity
612.22
113.32
-140.61
715.79
738.71
1,488.23
594.06
157.04
249.29
276.48
PBT
395.38
677.37
560.46
-23.40
29.29
4,677.08
1,604.71
-40.77
0.96
44.31
Adjustment
19.46
-26.12
-18.08
-6.89
-30.63
-27.42
119.51
132.84
146.34
143.89
Changes in Working Capital
232.81
-389.92
-554.83
748.56
843.81
-1,534.78
-606.79
74.68
110.38
93.59
Cash after chg. in Working capital
647.65
261.33
-12.46
718.27
842.47
3,114.88
1,117.43
166.76
257.68
281.80
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-35.43
-148.01
-128.15
-2.49
-103.76
-1,626.65
-523.37
-9.72
-8.39
-5.32
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-184.34
-21.11
-183.36
-417.40
-275.45
-675.78
-9.17
-1.35
-28.77
-82.64
Net Fixed Assets
-305.19
-468.57
-448.33
-276.68
-103.83
-34.94
-7.95
5.45
-22.69
-28.07
Net Investments
-331.81
369.63
227.32
-101.97
-288.70
-717.60
0.71
-1.12
-3.01
-51.65
Others
452.66
77.83
37.65
-38.75
117.08
76.76
-1.93
-5.68
-3.07
-2.92
Cash from Financing Activity
-324.12
-99.95
343.63
-309.82
-459.62
-788.47
-587.96
-152.56
-219.47
-201.80
Net Cash Inflow / Outflow
103.76
-7.75
19.66
-11.43
3.64
23.99
-3.08
3.13
1.05
-7.96
Opening Cash & Equivalents
33.29
41.04
21.37
32.80
29.16
5.17
8.25
5.15
4.10
12.06
Closing Cash & Equivalent
137.05
33.29
41.04
21.37
32.80
29.16
5.17
8.28
5.15
4.10

Financial Ratios

Consolidated /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Book Value (Rs.)
229.35
221.84
1014.01
905.57
909.88
982.93
477.37
238.38
249.22
253.76
ROA
5.47%
9.57%
8.91%
-0.58%
1.11%
77.39%
47.10%
-2.46%
-0.32%
1.45%
ROE
7.16%
12.99%
11.64%
-0.72%
1.46%
107.01%
75.62%
-5.14%
-0.75%
3.87%
ROCE
8.56%
14.66%
13.57%
-0.49%
1.54%
140.89%
86.49%
0.82%
3.30%
6.14%
Fixed Asset Turnover
0.84
1.13
1.24
0.73
1.26
3.92
1.65
0.66
0.69
0.96
Receivable days
75.80
79.63
72.81
99.97
134.71
59.78
88.22
114.02
119.91
115.70
Inventory Days
200.19
178.56
129.14
230.14
196.47
50.38
50.89
105.58
128.05
111.54
Payable days
132.61
171.39
155.24
88.22
43.73
52.07
45.97
26.82
33.00
51.25
Cash Conversion Cycle
143.38
86.80
46.70
241.89
287.45
58.09
93.14
192.77
214.96
175.98
Total Debt/Equity
0.14
0.17
0.17
0.08
0.17
0.18
0.16
0.72
0.78
0.90
Interest Cover
12.06
27.04
75.85
-1.71
1.80
261.29
29.44
0.25
1.02
1.57

Annual Reports:

FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016
FY 2015

News Update:


  • HEG makes further investment in GrafTech International
    7th May 2025, 14:15 PM

    Total amount invested for this acquisition is Rs 34.59 crore

    Read More
  • Singularity AMC signs definitive agreements to invest Rs 500 crore in HEG's associate company
    11th Mar 2025, 13:00 PM

    BEL will use the capital to drive organic growth, establish new greenfield projects and pursue strategic acquisitions and partnerships

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.