Nifty
:
24430.35
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:
78285.07
159.50 (0.66%)
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Nifty
Sensex
:
:
24430.35
78285.07
159.50 (0.66%)
521.16 (0.67%)

HEG Ltd.

Electrodes & Welding Equipment

Rating :
62/99

BSE: 509631 | NSE: HEG

NSE BSE
543.15
06-Jul-2026
  • Open
  • High
  • Low
  • Previous Close
  •  530
  •  552
  •  521.6
  •  526.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  3709629
  •  1996026885.75
  •  690
  •  459.8

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 10,469.03
  • 30.68
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 11,012.19
  • 0.63%
  • 2.20

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 56.28%
  • 3.38%
  • 16.57%
  • FII
  • DII
  • Others
  • 10.23%
  • 7.96%
  • 5.58%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.56
  • 3.13
  • 2.36

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 17.38
  • -5.45
  • 0.82

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • -4.75
  • 2.74

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 13.72
  • 26.50
  • 33.50

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 2.13
  • 1.74
  • 1.95

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 15.07
  • 20.44
  • 17.84

Earnings Forecasts:

(Updated: 04-07-2026)
Description
2026
2027
2028
2029
Adj EPS
68
-21
7.63
25.23
P/E Ratio
7.99
-25.86
71.19
21.53
Revenue
22.96
17.85
15.26
2673.3
EBITDA
3024.13
4020.6
5189.5
515.9
Net Income
598.07
950.83
1331.2
487.13
ROA
434.3
591.9
713.9
-
P/B Ratio
0.29
0.21
0.20
2.19
ROE
2.01
1.86
1.72
10.3
FCFF
8.43
10.4
12.7
-494.3
FCFF Yield
-537.4
-522.09
-
-4.84
Net Debt
-5.26
-5.11
-
1102.6
BVPS
1901.8
2604.8
2783.3
247.75

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
603.21
536.58
12.42%
656.33
478.38
37.20%
699.22
567.60
23.19%
616.93
571.46
7.96%
Expenses
751.50
587.26
27.97%
513.99
398.52
28.97%
580.87
470.99
23.33%
511.50
532.77
-3.99%
EBITDA
-148.29
-50.68
-
142.34
79.86
78.24%
118.35
96.61
22.50%
105.43
38.69
172.50%
EBIDTM
-24.58%
-9.45%
21.69%
16.69%
16.93%
17.02%
17.09%
6.77%
Other Income
39.89
48.02
-16.93%
101.96
111.58
-8.62%
112.29
42.95
161.44%
66.92
20.44
227.40%
Interest
10.72
12.01
-10.74%
9.39
9.38
0.11%
8.92
9.34
-4.50%
8.18
8.47
-3.42%
Depreciation
52.59
54.54
-3.58%
53.90
50.56
6.61%
53.75
47.94
12.12%
53.05
47.50
11.68%
PBT
-171.71
-69.21
-
181.01
131.50
37.65%
167.97
82.28
104.14%
111.12
3.16
3,416.46%
Tax
-26.14
-10.93
-
39.18
35.17
11.40%
31.90
20.39
56.45%
22.63
0.69
3,179.71%
PAT
-145.57
-58.28
-
141.83
96.33
47.23%
136.07
61.89
119.86%
88.49
2.47
3,482.59%
PATM
-24.13%
-10.86%
21.61%
20.14%
19.46%
10.90%
14.34%
0.43%
EPS
-5.89
-3.82
-
10.72
4.32
148.15%
7.43
0.85
774.12%
5.43
1.19
356.30%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
-
2,568.50
2,152.71
2,394.90
2,467.24
2,201.61
1,256.23
2,149.02
6,592.83
2,750.07
860.04
Net Sales Growth
-
19.31%
-10.11%
-2.93%
12.07%
75.26%
-41.54%
-67.40%
139.73%
219.76%
 
Cost Of Goods Sold
-
1,063.43
903.76
1,151.39
915.56
829.52
809.90
1,621.99
1,116.13
284.07
243.96
Gross Profit
-
1,505.07
1,248.95
1,243.52
1,551.68
1,372.09
446.33
527.04
5,476.70
2,465.99
616.08
GP Margin
-
58.60%
58.02%
51.92%
62.89%
62.32%
35.53%
24.52%
83.07%
89.67%
71.63%
Total Expenditure
-
2,170.19
1,892.91
2,012.47
1,848.84
1,674.39
1,315.41
2,154.85
1,934.58
1,051.31
779.83
Power & Fuel Cost
-
369.49
331.67
310.08
315.90
271.11
139.38
163.31
183.21
358.58
263.23
% Of Sales
-
14.39%
15.41%
12.95%
12.80%
12.31%
11.10%
7.60%
2.78%
13.04%
30.61%
Employee Cost
-
123.68
96.55
95.27
92.05
80.00
54.53
65.60
197.57
112.44
58.78
% Of Sales
-
4.82%
4.49%
3.98%
3.73%
3.63%
4.34%
3.05%
3.00%
4.09%
6.83%
Manufacturing Exp.
-
261.45
247.56
227.44
248.89
223.95
148.58
152.86
201.58
150.37
121.24
% Of Sales
-
10.18%
11.50%
9.50%
10.09%
10.17%
11.83%
7.11%
3.06%
5.47%
14.10%
General & Admin Exp.
-
37.57
35.38
31.59
29.33
22.68
18.59
26.20
31.61
13.32
14.72
% Of Sales
-
1.46%
1.64%
1.32%
1.19%
1.03%
1.48%
1.22%
0.48%
0.48%
1.71%
Selling & Distn. Exp.
-
201.17
190.70
155.14
213.11
185.26
78.95
82.67
156.85
120.58
66.73
% Of Sales
-
7.83%
8.86%
6.48%
8.64%
8.41%
6.28%
3.85%
2.38%
4.38%
7.76%
Miscellaneous Exp.
-
113.40
87.29
41.55
34.01
61.86
65.48
42.22
47.64
11.95
66.73
% Of Sales
-
4.42%
4.05%
1.73%
1.38%
2.81%
5.21%
1.96%
0.72%
0.43%
1.30%
EBITDA
-
398.31
259.80
382.43
618.40
527.22
-59.18
-5.83
4,658.25
1,698.76
80.21
EBITDA Margin
-
15.51%
12.07%
15.97%
25.06%
23.95%
-4.71%
-0.27%
70.66%
61.77%
9.33%
Other Income
-
140.98
127.57
141.67
109.14
79.55
112.91
143.76
109.19
34.97
7.65
Interest
-
37.21
39.20
35.74
26.01
7.49
11.37
36.51
17.97
56.46
54.72
Depreciation
-
213.21
200.55
174.65
102.30
79.29
73.12
72.13
72.39
72.56
73.92
PBT
-
288.87
147.63
313.71
599.22
520.00
-30.76
29.29
4,677.08
1,604.71
-40.77
Tax
-
66.41
46.50
83.70
144.96
129.41
-5.46
-24.08
1,626.65
523.37
9.27
Tax Rate
-
22.99%
31.50%
26.68%
24.19%
24.89%
17.75%
-82.21%
34.78%
32.61%
-22.74%
PAT
-
337.98
118.60
311.68
532.41
431.04
-17.94
53.37
3,050.43
1,081.34
-50.05
PAT before Minority Interest
-
337.98
118.60
311.68
532.41
431.04
-17.94
53.37
3,050.43
1,081.34
-50.05
Minority Interest
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
-
13.16%
5.51%
13.01%
21.58%
19.58%
-1.43%
2.48%
46.27%
39.32%
-5.82%
PAT Growth
-
184.97%
-61.95%
-41.46%
23.52%
-
-
-98.25%
182.10%
-
 
EPS
-
17.51
6.15
16.15
27.59
22.33
-0.93
2.77
158.05
56.03
-2.59

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
4,757.92
4,453.77
4,425.94
4,280.94
3,913.63
3,495.07
3,511.72
3,793.69
1,907.52
952.56
Share Capital
38.60
38.60
38.60
38.60
38.60
38.60
38.60
38.60
39.96
39.96
Total Reserves
4,719.32
4,415.17
4,387.35
4,242.34
3,875.03
3,456.48
3,473.12
3,755.09
1,867.56
912.60
Non-Current Liabilities
97.81
108.91
107.86
94.93
107.22
105.06
110.12
132.81
125.08
202.28
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
135.64
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
7.45
6.80
4.98
3.06
3.81
3.58
3.91
3.87
3.41
3.43
Current Liabilities
1,310.02
1,085.49
1,167.56
1,316.09
1,415.00
644.03
816.51
1,217.87
706.50
697.67
Trade Payables
400.78
399.29
425.30
411.95
447.89
257.31
133.81
380.07
246.44
86.49
Other Current Liabilities
95.06
82.54
106.95
143.74
162.71
79.08
78.80
146.23
121.00
198.64
Short Term Borrowings
793.28
584.86
619.38
740.91
663.40
296.51
592.62
666.36
297.45
411.84
Short Term Provisions
20.90
18.80
15.93
19.50
141.00
11.12
11.28
25.21
41.60
0.70
Total Liabilities
6,165.75
5,648.17
5,701.36
5,691.96
5,435.85
4,244.16
4,438.35
5,144.37
2,739.10
1,852.51
Net Block
1,782.22
1,931.81
1,808.74
1,355.50
755.17
690.80
741.27
784.84
829.65
885.04
Gross Block
3,487.27
3,444.56
3,151.72
2,535.35
1,842.71
1,712.78
1,713.17
1,691.37
1,673.40
1,665.86
Accumulated Depreciation
1,705.06
1,512.74
1,342.98
1,179.85
1,087.54
1,021.99
971.90
906.53
843.75
780.82
Non Current Assets
3,272.40
3,191.61
3,071.53
2,839.50
2,300.91
2,170.53
2,379.47
1,708.85
1,124.37
1,152.06
Capital Work in Progress
224.30
71.38
212.27
472.01
696.08
373.27
100.61
18.58
1.61
1.20
Non Current Investment
1,074.82
1,007.16
876.13
735.57
501.99
798.59
1,228.22
833.49
248.17
230.03
Long Term Loans & Adv.
179.71
171.33
165.36
266.27
232.34
304.20
305.86
68.29
41.09
29.55
Other Non Current Assets
5.22
3.45
2.12
2.90
107.73
0.46
0.14
0.12
0.13
2.38
Current Assets
2,893.35
2,456.55
2,629.83
2,852.46
3,134.94
2,073.63
2,058.88
3,435.51
1,614.74
700.45
Current Investments
402.73
393.07
323.61
123.69
668.86
559.10
16.53
108.24
0.00
0.55
Inventories
1,133.74
1,254.64
1,194.15
1,440.12
977.81
580.61
1,005.14
1,308.39
511.44
257.80
Sundry Debtors
499.51
444.70
508.25
489.14
589.17
289.42
399.41
1,186.89
972.69
360.79
Cash & Bank
250.13
147.04
410.24
690.34
601.66
550.58
437.28
557.32
7.62
8.28
Other Current Assets
607.25
151.47
124.83
59.85
297.43
93.93
200.52
274.67
122.99
73.04
Short Term Loans & Adv.
443.06
65.64
68.75
49.33
235.72
45.20
141.03
155.92
49.11
48.41
Net Current Assets
1,583.33
1,371.07
1,462.27
1,536.37
1,719.94
1,429.60
1,242.37
2,217.65
908.24
2.78
Total Assets
6,165.75
5,648.16
5,701.36
5,691.96
5,435.85
4,244.16
4,438.35
5,144.36
2,739.11
1,852.51

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
213.20
279.71
612.22
113.32
-140.61
715.79
738.71
1,488.23
594.06
157.04
PBT
409.27
160.37
395.38
677.37
560.46
-23.40
29.29
4,677.08
1,604.71
-40.77
Adjustment
127.53
237.79
19.46
-26.12
-18.08
-6.89
-30.63
-27.42
119.51
132.84
Changes in Working Capital
-301.31
-73.73
232.81
-389.92
-554.83
748.56
843.81
-1,534.78
-606.79
74.68
Cash after chg. in Working capital
235.48
324.43
647.65
261.33
-12.46
718.27
842.47
3,114.88
1,117.43
166.76
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-22.29
-44.72
-35.43
-148.01
-128.15
-2.49
-103.76
-1,626.65
-523.37
-9.72
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
-320.26
-208.45
-184.34
-21.11
-183.36
-417.40
-275.45
-675.78
-9.17
-1.35
Net Fixed Assets
-62.35
-112.70
-305.19
-468.57
-452.74
-272.27
-103.83
-34.94
-7.95
5.45
Net Investments
-405.35
-235.18
-331.81
369.63
227.32
-105.34
-288.87
-717.78
0.57
-0.07
Others
147.44
139.43
452.66
77.83
42.06
-39.79
117.25
76.94
-1.79
-6.73
Cash from Financing Activity
96.89
-159.15
-324.12
-99.95
343.63
-309.82
-459.62
-788.47
-587.96
-152.56
Net Cash Inflow / Outflow
-10.18
-87.89
103.76
-7.75
19.66
-11.43
3.64
23.99
-3.08
3.13
Opening Cash & Equivalents
50.76
137.05
33.29
41.04
21.37
32.80
29.16
5.17
8.25
5.15
Closing Cash & Equivalent
40.59
50.76
137.05
33.29
41.04
21.37
32.80
29.16
5.17
8.28

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
246.55
230.79
229.35
221.84
1014.01
905.57
909.88
982.93
477.37
238.38
ROA
5.72%
2.09%
5.47%
9.57%
8.91%
-0.58%
1.11%
77.39%
47.10%
-2.46%
ROE
7.34%
2.67%
7.16%
12.99%
11.64%
-0.72%
1.46%
107.01%
75.62%
-5.14%
ROCE
8.34%
4.05%
8.56%
14.66%
13.57%
-0.49%
1.54%
140.89%
86.49%
0.82%
Fixed Asset Turnover
0.74
0.66
0.84
1.13
1.24
0.73
1.26
3.92
1.65
0.66
Receivable days
66.97
80.13
75.80
79.63
72.81
99.97
134.71
59.78
88.22
114.02
Inventory Days
169.39
205.91
200.19
178.56
129.14
230.14
196.47
50.38
50.89
105.58
Payable days
137.30
166.51
132.71
171.39
155.24
88.22
43.73
52.07
45.97
26.82
Cash Conversion Cycle
99.05
119.52
143.29
86.80
46.70
241.89
287.45
58.09
93.14
192.77
Total Debt/Equity
0.17
0.13
0.14
0.17
0.17
0.08
0.17
0.18
0.16
0.72
Interest Cover
11.87
5.21
12.06
27.04
75.85
-1.71
1.80
261.29
29.44
0.25

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • HEG’s arm signs MoU with Institute for Functional intelligent Materials
    2nd Jun 2026, 12:41 PM

    The MoU aims to collaborate in the fields of advanced materials science, nanotechnology, and related disciplines

    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.