| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
Revenue  | 1,595 | 1,814 | 1,902 | 1,389 | 856 | 599 | 421 | 417 | 279 | 339 | 345 | 406 | 436 | 543 | 612 | 691 | 743 | 618 | 570 | 659 | 739 | 677 | 592 | 611 | 613 | 631 | 590 | 590 | 700 | 819 | 823 |
| Expenses | 399 | 425 | 552 | 559 | 469 | 425 | 389 | 872 | 245 | 365 | 321 | 385 | 341 | 376 | 441 | 516 | 538 | 419 | 398 | 493 | 520 | 512 | 476 | 506 | 533 | 471 | 412 | 608 | 512 | 581 | 514 |
| EBITDA | 1,196 | 1,389 | 1,351 | 830 | 387 | 174 | 32 | -455 | 35 | -26 | 24 | 20 | 95 | 167 | 171 | 174 | 205 | 198 | 172 | 166 | 219 | 165 | 117 | 105 | 80 | 160 | 179 | -18 | 189 | 238 | 309 |
| Operating Profit % | 75 % | 76 % | 70 % | 59 % | 43 % | 25 % | 1 % | -133 % | -5 % | -13 % | -0 % | -1 % | 18 % | 27 % | 26 % | 23 % | 25 % | 30 % | 25 % | 20 % | 23 % | 17 % | 15 % | 8 % | 7 % | 17 % | 14 % | -12 % | 17 % | 17 % | 22 % |
| Depreciation | 18 | 18 | 19 | 18 | 18 | 18 | 18 | 19 | 18 | 18 | 19 | 19 | 19 | 18 | 21 | 21 | 21 | 23 | 25 | 33 | 38 | 39 | 47 | 50 | 48 | 48 | 51 | 55 | 53 | 54 | 54 |
| Interest | 2 | 5 | 4 | 6 | 9 | 10 | 9 | 9 | 6 | 3 | 1 | 1 | 1 | 1 | 4 | 1 | 4 | 7 | 8 | 7 | 9 | 9 | 10 | 9 | 9 | 9 | 9 | 12 | 8 | 9 | 9 |
| Profit Before Tax | 1,177 | 1,366 | 1,329 | 806 | 360 | 146 | 6 | -483 | 11 | -47 | 4 | 1 | 75 | 148 | 146 | 152 | 180 | 168 | 139 | 125 | 172 | 118 | 59 | 46 | 24 | 103 | 119 | -85 | 128 | 175 | 246 |
| Tax | 401 | 463 | 463 | 324 | 117 | -56 | 7 | -106 | -3 | -32 | 5 | 17 | 18 | 17 | 32 | 23 | 21 | -1 | 34 | 25 | 33 | 22 | 16 | 14 | 1 | 20 | 35 | -11 | 23 | 32 | 39 |
| Net Profit | 776 | 903 | 866 | 482 | 244 | 202 | -1 | -377 | 14 | -15 | -1 | -16 | 57 | 132 | 114 | 129 | 159 | 169 | 105 | 100 | 139 | 96 | 44 | 33 | 23 | 82 | 83 | -74 | 105 | 143 | 207 |
| EPS in ₹ | 194.11 | 225.93 | 216.58 | 124.96 | 63.08 | 52.42 | -0.32 | -97.67 | 3.71 | -3.98 | -0.21 | -4.17 | 14.71 | 34.07 | 29.40 | 33.49 | 41.20 | 43.77 | 27.13 | 25.84 | 36.05 | 24.87 | 11.32 | 8.53 | 5.97 | 21.48 | 4.32 | -3.82 | 5.43 | 7.43 | 10.72 |
HEG
HEG
560.45
+1.15
(0.21%)
Market Cap
10,815.43 Cr
PE Ratio
28.30
Volume
10,37,539.00
Day High - Low
566.70 - 557.25
52W High-Low
672.00 - 416.05
Key Fundamentals
Market Cap
10,815.43 Cr
EPS
5.96
PE Ratio
28.30
PB Ratio
2.31
Book Value
241.79
EBITDA
382.70
Dividend Yield
0.32 %
Industry
Industrial Products Sector
Electrodes & Refractories Return on Equity
2.58
Debt to Equity
0.14
Analyst Rating and Forecast
- By Refinitiv from3 analysts
Actual
Company News
View All News
HEG Limited filed annual disclosure with stock exchanges confirming it does not qualify as Large Corporate Entity for FY26, with nil outstanding long-term borrowing and IND AA- credit rating.
HEG Limited filed its monthly report showing no physical share transfer requests received, processed, approved, or rejected during March 2026 under SEBI's special re-lodgement window.
HEG Board Meeting Set for April 29, 2026
7 days ago
7 days agoHEG Limited schedules board meeting to consider audited financial results for Q4FY26 and FY26, along with dividend recommendation. Trading window closed until May 1, 2026.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
638.75 | #1 12,479.62 | 38.43 | 2,998.50 | -7.85 | #1 458 | #1 419.05 | 51.27 | |
560.45 | #2 10,815.43 | #2 28.30 | #3 2,287.30 | #9 -9.83 | #4 115 | #3 148.20 | 56.22 | |
460.00 | 9,336.20 | 35.06 | 1,917.00 | 17.03 | 265 | 33.89 | 45.40 | |
387.25 | 7,996.77 | 45.81 | #1 3,700.60 | -2.41 | 203 | 29.68 | 52.55 | |
701.20 | 3,219.35 | 62.38 | 201.00 | #1 51.01 | 37 | 43.88 | 58.33 | |
175.90 | 1,267.86 | 42.76 | 1,670.40 | 0.73 | 43 | -40.91 | 65.98 | |
451.50 | 981.38 | 49.67 | 97.50 | - | 15 | 56.41 | 59.46 | |
1,366.60 | 765.30 | 31.72 | 113.80 | 0.98 | 16 | -28.21 | 59.99 | |
41.54 | 496.98 | #1 24.45 | 331.00 | 4.61 | 10 | 158.82 | 60.19 | |
758.40 | 402.61 | 29.60 | 74.40 | -5.82 | 2 | 133.33 | 64.60 |
Growth Rate
Revenue Growth
-9.83 %
Net Income Growth
-63.07 %
Cash Flow Change
-54.31 %
ROE
-63.35 %
ROCE
-54.05 %
EBITDA Margin (Avg.)
-19.02 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 2,246 | 1,953 | 1,853 | 2,739 | 5,144 | 4,438 | 4,244 | 5,308 | 5,692 | 5,701 | 5,648 |
| Fixed Assets | 907 | 935 | 889 | 833 | 788 | 745 | 694 | 763 | 1,363 | 1,816 | 1,938 |
| Current Assets | 926 | 735 | 701 | 1,615 | 3,436 | 2,059 | 2,074 | 3,007 | 2,853 | 2,630 | 2,457 |
| Capital Work in Progress | 108 | 27 | 1 | 2 | 19 | 101 | 373 | 696 | 472 | 212 | 71 |
| Investments | 0 | 225 | 231 | 248 | 942 | 1,245 | 1,358 | 1,171 | 859 | 1,200 | 1,400 |
| Other Assets | 1,232 | 767 | 732 | 1,656 | 3,396 | 2,348 | 1,819 | 2,678 | 2,998 | 2,474 | 2,238 |
| Total Equity & Liabilities | 2,246 | 1,953 | 1,853 | 2,739 | 5,144 | 4,438 | 4,244 | 5,308 | 5,692 | 5,701 | 5,648 |
| Current Liabilities | 878 | 745 | 698 | 707 | 1,218 | 817 | 644 | 1,287 | 1,316 | 1,168 | 1,086 |
| Non Current Liabilities | 354 | 212 | 202 | 125 | 133 | 110 | 105 | 107 | 95 | 108 | 109 |
| Total Equity | 1,014 | 996 | 953 | 1,908 | 3,794 | 3,512 | 3,495 | 3,914 | 4,281 | 4,426 | 4,454 |
| Reserve & Surplus | 974 | 956 | 913 | 1,868 | 3,755 | 3,473 | 3,457 | 3,875 | 4,242 | 4,387 | 4,415 |
| Share Capital | 40 | 40 | 40 | 40 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -8 | 1 | 3 | -3 | 24 | 4 | -11 | 20 | -8 | 104 | -86 |
| Investing Activities | -83 | -29 | -1 | -9 | -676 | -276 | -417 | -183 | -21 | -184 | -207 |
| Operating Activities | 277 | 249 | 157 | 594 | 1,488 | 739 | 716 | -141 | 113 | 612 | 280 |
| Financing Activities | -202 | -220 | -153 | -588 | -789 | -460 | -310 | 344 | -100 | -324 | -159 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
| Promoter | 59.62 % | 59.62 % | 55.13 % | 55.13 % | 55.13 % | 55.13 % | 55.13 % | 55.13 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 55.78 % | 56.13 % | 56.28 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 6.86 % | 6.05 % | 6.92 % | 7.08 % | 7.19 % | 7.30 % | 7.96 % | 8.53 % | 10.24 % |
| DIIs | 7.40 % | 7.48 % | 7.50 % | 7.49 % | 8.19 % | 8.44 % | 8.46 % | 6.69 % | 6.27 % | 6.81 % | 6.50 % | 8.09 % | 10.39 % | 13.10 % | 12.81 % | 12.09 % | 11.65 % | 11.60 % | 11.98 % | 12.14 % | 8.62 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 18.14 % | 17.06 % | 14.47 % | 15.32 % | 19.00 % | 20.91 % | 22.16 % | 24.34 % | 23.60 % | 21.70 % | 21.79 % | 19.21 % | 18.15 % | 16.61 % | 16.10 % | 17.04 % | 17.33 % | 16.95 % | 15.99 % | 15.37 % | 16.57 % |
| Others | 14.83 % | 15.83 % | 22.90 % | 22.05 % | 17.68 % | 15.51 % | 14.24 % | 13.84 % | 14.35 % | 15.70 % | 15.93 % | 16.91 % | 8.81 % | 8.46 % | 8.39 % | 8.01 % | 8.05 % | 8.37 % | 8.28 % | 7.83 % | 8.29 % |
| No of Share Holders | 1,38,975 | 1,42,607 | 1,26,009 | 1,27,059 | 1,43,578 | 1,45,488 | 1,47,246 | 1,52,118 | 1,48,269 | 1,35,519 | 1,37,342 | 1,32,662 | 1,29,905 | 1,19,399 | 1,18,471 | 1,52,166 | 1,53,063 | 1,48,036 | 1,41,576 | 1,32,314 | 1,37,675 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 80 | 80 | 25 | 3 | 40 | 42.5 | 22.5 | 1.8 | 0.00 |
| Dividend Yield (%) | 0.00 | 19.11 | 82.64 | 8.54 | 1.09 | 21.72 | 11.52 | 4.66 | 0.33 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 05 May 2026 |  Extraordinary General Meeting | NA | 05 May 2026 | 564.15 | 559.40 |
| 29 Apr 2026 |  Quarterly Result Announcement | NA | 29 Apr 2026 | 550.15 | 559.40 |
| 21 Jul 2021 |  Dividend | ₹ 3.00 /share | 19 Jul 2021 | 470.65 | 439.00 |
| 26 Aug 2022 | Dividend | ₹ 40.00 /share | 24 Aug 2022 | 209.63 | 257.74 |
| 25 Aug 2023 | Dividend | ₹ 42.50 /share | 24 Aug 2023 | 244.90 | 351.65 |
| 01 Aug 2024 | Dividend | ₹ 22.50 /share | 31 Jul 2024 | 513.55 | 444.87 |
| 07 Aug 2024 |  Annual General Meeting | NA | 07 Aug 2024 | 450.69 | 398.28 |
| 13 Aug 2024 |  Split | 2:10 | 18 Oct 2024 | 420.13 | 420.13 |
| 13 Nov 2024 | Quarterly Result Announcement | NA | 13 Nov 2024 | 494.82 | 416.30 |
| 11 Feb 2025 | Quarterly Result Announcement | NA | 11 Feb 2025 | 424.05 | 365.75 |
| 19 May 2025 | Quarterly Result Announcement | NA | 19 May 2025 | 473.75 | 490.60 |
| 30 Jul 2025 | Quarterly Result Announcement | NA | 30 Jul 2025 | 505.15 | 525.35 |
| 13 Aug 2025 | Dividend | ₹ 1.80 /share | 13 Aug 2025 | 490.60 | 507.00 |
| 20 Aug 2025 | Annual General Meeting | NA | 20 Aug 2025 | 503.25 | 509.55 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 521.35 | 549.50 |
| 10 Feb 2026 | Quarterly Result Announcement | NA | 10 Feb 2026 | 570.00 | 545.10 |
Announcements
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B22 days ago
2 days agoFormat of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A2 days ago
2 days agoRTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.4 days ago
4 days agoBoard Meeting Intimation for Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter And Financial Year Ended 31St March 2026 And For Recommending The Payment Of Dividend If Any For The Financial Year 2025-26.7 days ago
7 days agoNotice Of Meetings Of Equity Shareholders Of Bhilwara Energy Limited (Transferor Company) Convened Pursuant To The Directions Of The Honble National Company Law Tribunal Indore Bench (Tribunal)7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication7 days ago
7 days agoAssignment Of ESG Score By NSE Sustainability Ratings And Analytics Limited7 days ago
7 days agoNotice Of Meetings Of Equity Shareholders Secured Creditors And Unsecured Creditors Of HEG Limited (Company) Convened Pursuant To The Directions Of The Honble National Company Law Tribunal Indore Bench (Tribunal)8 days ago
8 days agoNotice Of Meetings Of Equity Shareholders Secured Creditors And Unsecured Creditors Of HEG Limited (Company) Convened Pursuant To The Directions Of The Honble National Company Law Tribunal Indore Bench (Tribunal)8 days ago
8 days agoCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 20188 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
9 days agoUpdate Regarding Composite Scheme Of Arrangement Amongst HEG Limited And HEG Graphite Limited And Bhilwara Energy Limited And Their Respective Shareholders And Creditors Under Sections 230 To 232 Of The Companies Act 2013 (Scheme)Mar 27, 2026
Mar 27, 2026Closure of Trading WindowMar 25, 2026
Mar 25, 2026Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (LODR)
Mar 17, 2026
Mar 17, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 13, 2026
Mar 13, 2026Disclosure Under Regulation 7(2) Of The SEBI (Prohibition Of Insider Trading) Regulations20L5.Mar 13, 2026
Mar 13, 2026RTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.
Mar 11, 2026
Mar 11, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 05, 2026
Mar 05, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 05, 2026
Mar 05, 2026Disclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Update On Wholly Owned SubsidiaryFeb 24, 2026
Feb 24, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 24, 2026
Feb 24, 2026Reporttng Of Violations Under SEBI (PIT) Regulations By Designated Persons And Action Taken By CompanyFeb 21, 2026
Feb 21, 2026Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Feb 21, 2026
Feb 21, 2026Disclosures Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation 2015Feb 19, 2026
Feb 19, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 18, 2026
Feb 18, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Feb 18, 2026
Feb 18, 2026Disclosure Under Regulation 7(2) Of The SEBI (Prohibition Of Insider Trading) Regulations 2015Feb 18, 2026
Feb 18, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 16, 2026
Feb 16, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Feb 13, 2026
Feb 13, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 11, 2026
Feb 11, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 11, 2026
Feb 11, 2026Announcement under Regulation 30 (LODR)-Investor PresentationFeb 10, 2026
Feb 10, 2026Outcome Of Board Meeting Dated Feb 10. 2026Feb 10, 2026
Feb 10, 2026Approval For Transfer Of 51% Equity Stake Held By Bhilwara Energy Limited (Associate Company) In Malana Power Company Limited To Chango Yangthang Hydro Power Limited (Wholly Owned Subsidiary Company Of Bhilwara Energy Limited) Subject To Bhilwara Energy LFeb 10, 2026
Feb 10, 2026Approval For Winding Up And Discontinuation Of The Medical Transcription Business Of Bhilwara Infotechnology Limited A Wholly Owned Subsidiary Of The Company With Effect From 1St March 2026.Feb 10, 2026
Feb 10, 2026Approval For Grant Of Corporate Guarantee On Behalf Of TACC Limited A Wholly Owned Subsidiary Company.Feb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Change in ManagementFeb 10, 2026
Feb 10, 2026Results- Financial Results For Quarter & Nine Months Ended 31St December 2025Feb 10, 2026
Feb 10, 2026Board Meeting Outcome for Outcome Of Board Meeting Dated February 10 2026Feb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 03, 2026
Feb 03, 2026Transcript Of Webinar On Update On Composite Scheme Of ArrangementJan 23, 2026
Jan 23, 2026Link For Video Recording Of Webinar On Update On Composite Scheme Of ArrangementJan 19, 2026
Jan 19, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJan 19, 2026
Jan 19, 2026Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation 2015Jan 17, 2026
Jan 17, 2026Announcement under Regulation 30 (LODR)-Investor PresentationJan 16, 2026
Jan 16, 2026Demerger Update Webinar Scheduled For January 19 2026 At 16:00 Hours ISTJan 13, 2026
Jan 13, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 13, 2026
Jan 13, 2026Board Meeting Intimation for Consider Approve And Take On Record The Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter & Nine Months Ended The 31St December 2025.
Jan 13, 2026
Jan 13, 2026Allotment Of Optionally Convertible Debentures (OCDs) By TACC Limited ("Wholly Owned Subsidiary") To HEG Limited.Jan 09, 2026
Jan 09, 2026Update On Composite Scheme Of ArrangementJan 09, 2026
Jan 09, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 55.96
ATR(14)
Less Volatile 26.35
STOCH(9,6)
Neutral 69.86
STOCH RSI(14)
Neutral 77.47
MACD(12,26)
Bullish 6.56
ADX(14)
Weak Trend 21.59
UO(9)
Bearish 43.18
ROC(12)
Uptrend And Accelerating 14.41
WillR(14)
Neutral -25.76
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