HEG
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HEG

237.05
+11.25
(4.98%)
Market Cap
4,574.53 Cr
PE Ratio
12.22
Volume
9,30,482.00
Day High - Low
237.05 - 226.25
52W High-Low
753.90 - 168.09
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Key Fundamentals
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Market Cap
4,574.53 Cr
EPS
17.69
PE Ratio
12.22
PB Ratio
0.92
Book Value
246.55
EBITDA
539.30
Dividend Yield
1.50 %
Return on Equity
7.10
Debt to Equity
0.15
Analyst Rating and Forecast
- By Refinitiv from3 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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Caret
positive
Heg receives a Rs 217.56 crore order from Indus Towers Limited for supply of Lithium-Ion Battery Banks, to be executed on or before March 31, 2027, as per BSE filing.
positive
Heg secures confirmed supply order for Lithium-Ion Battery Banks from Indus Towers. Value is 28% of avg quarterly revenue. No prior order history disclosed in last 3 quarters.
neutral
Singularity Funds and PACs acquired a 13.04% stake in HEG Advanced Materials via a composite scheme of arrangement. The acquisition involves 43.07 million shares allotted under the NCLT-sanctioned scheme.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
830.85
#1 16,232.78
76.05
3,025.60
0.90
171
28.57
65.93
405.95
8,239.19
31.71
2,163.30
12.85
264
-7.14
38.72
368.70
7,613.71
-21.38
#1 4,048.50
9.40
-383
83.00
43.43
1,652.40
7,588.14
121.09
259.20
28.96
55
67.52
51.72
237.05
#5 4,574.53
#1 12.22
#3 2,709.50
#5 18.82
#1 338
#9 16.70
46.50
1,295.00
2,814.81
97.89
135.29
38.76
23
#1 134.88
60.02
199.03
1,434.58
34.69
1,904.00
13.98
35
58.33
41.49
2,034.00
1,139.06
48.09
113.80
0.98
16
77.59
78.19
46.52
556.56
21.25
403.60
21.93
20
100.00
58.82
782.25
415.27
33.96
129.00
#1 73.39
9
93.94
34.66
Growth Rate
Revenue Growth
18.82 %
Net Income Growth
184.99 %
Cash Flow Change
-23.78 %
ROE
166.92 %
ROCE
102.90 %
EBITDA Margin (Avg.)
17.13 %

Quarterly Financial Results

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
Mar 2026
Jun 2026
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
585
695
819
823
675
755
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
603
507
581
513
752
530
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
188
238
309
-77
225
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 %
-25 %
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
53
50
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
11
10
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
126
175
246
-140
165
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
22
32
39
-26
43
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
-114
122
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
-5.90
6.34

Order Value Trend

FY 2026-27 order value₹435.12 Cr
FY 2026-272 Orders
Indus Towers Limited (formerly...
100.00%

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Total Assets
2,246
1,953
1,853
2,739
5,144
4,438
4,244
5,308
5,692
5,701
5,648
6,166
Fixed Assets
907
935
889
833
788
745
694
763
1,363
1,816
1,938
1,788
Current Assets
926
735
701
1,615
3,436
2,059
2,074
3,007
2,853
2,630
2,457
2,893
Capital Work in Progress
108
27
1
2
19
101
373
696
472
212
71
224
Investments
0
225
231
248
942
1,245
1,358
1,171
859
1,200
1,400
1,478
Other Assets
1,232
767
732
1,656
3,396
2,348
1,819
2,678
2,998
2,474
2,238
2,676
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
6,166
Current Liabilities
878
745
698
707
1,218
817
644
1,287
1,316
1,168
1,086
1,310
Non Current Liabilities
354
212
202
125
133
110
105
107
95
108
109
98
Total Equity
1,014
996
953
1,908
3,794
3,512
3,495
3,914
4,281
4,426
4,454
4,758
Reserve & Surplus
974
956
913
1,868
3,755
3,473
3,457
3,875
4,242
4,387
4,415
4,719
Share Capital
40
40
40
40
39
39
39
39
39
39
39
39

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Net Cash Flow
-8
1
3
-3
24
4
-11
20
-8
104
-86
-10
Investing Activities
-83
-29
-1
-9
-676
-276
-417
-183
-21
-184
-207
-320
Operating Activities
277
249
157
594
1,488
739
716
-141
113
612
280
213
Financing Activities
-202
-220
-153
-588
-789
-460
-310
344
-100
-324
-159
97

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
Jun 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 %
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 %
8.47 %
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 %
9.26 %
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 %
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 %
17.81 %
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 %
8.17 %
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
1,39,601

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 3.4
Dividend Yield (%) 0.00 53.52 231.48 8.54 3.05 21.72 32.28 13.05 0.33 1.43

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
21 Jul 2021 DIVIDEND Dividend
3.00 /share
19 Jul 2021 168.04 156.74
26 Aug 2022 DIVIDEND Dividend
40.00 /share
24 Aug 2022 74.85 92.02
25 Aug 2023 DIVIDEND Dividend
42.50 /share
24 Aug 2023 87.44 125.55
01 Aug 2024 DIVIDEND Dividend
22.50 /share
31 Jul 2024 183.36 158.84
07 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
07 Aug 2024 160.91 142.20
18 Oct 2024 SPLIT Split
2:10
18 Oct 2024 150.00 183.55
13 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 Nov 2024 176.67 148.64
11 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
11 Feb 2025 151.40 130.59
19 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
19 May 2025 169.15 175.16
30 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Jul 2025 180.36 187.57
13 Aug 2025 DIVIDEND Dividend
1.80 /share
13 Aug 2025 175.16 181.02
20 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
20 Aug 2025 179.68 181.93
10 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Nov 2025 186.14 196.19
10 Feb 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2026 203.51 194.62
29 Apr 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Apr 2026 196.43 235.36
05 May 2026 EXTRAORDINARY GENERAL MEETING Extraordinary General Meeting
NA
05 May 2026 201.42 219.85
22 Jul 2026 DIVIDEND Dividend
3.40 /share
22 Jul 2026 235.36 215.99
22 Jul 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 Jul 2026 187.71 215.99
29 Jul 2026 ANNUAL GENERAL MEETING Annual General Meeting
NA
29 Jul 2026 189.84 232.36

Announcements

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order1 day ago
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order2 days ago
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 20112 days ago
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 20113 days ago
Announcement under Regulation 30 (LODR)-Change in Management5 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
Re-Lodgement Of Transfer Requests Of Physical Shares For The Month Of August 2026Sep 08, 2026
Change In The Companys Website From Www.Hegltd.Com To Www.Hegadvancedmaterials.ComSep 06, 2026
Change In The Companys Website From "HEG Limited" To "HEG Advanced Materials Limited"Sep 06, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 03, 2026
ESG RatingSep 03, 2026
Announcement under Regulation 30 (LODR)-Change of Company NameSep 02, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 27, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 25, 2026
Outcome Of Board Meeting/Announcement Under Regulation 30 & 42Aug 24, 2026
In Consultation With Resultant Company I.E HEG Graphite Limited The Board Of Company Fixed Record Date As Monday 7Th September 2026 For Determining The Shareholders Of The Company Eligible To Receive The Consideration Pursuant To The SchemeAug 24, 2026
Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 24, 2026
Outcome Of Board Meeting- 24Th August 2026Aug 24, 2026
Appointment of Company Secretary and Compliance OfficerAug 24, 2026
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerAug 24, 2026
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Aug 24, 2026
Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)Aug 24, 2026
Announcement under Regulation 30 (LODR)-Resignation of Chairman and Managing DirectorAug 24, 2026
Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 24, 2026
Announcement under Regulation 30 (LODR)-Change in DirectorateAug 24, 2026
Announcement under Regulation 30 (LODR)-Change in ManagementAug 24, 2026
Board Meeting Outcome for Outcome Of Board Meeting-24Th August 2026Aug 24, 2026
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 22, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 19, 2026
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Order Of HonBle National Company Law Tribunal Indore Bench On The Composite Scheme Of Arrangement.Aug 18, 2026
Announcement under Regulation 30 (LODR)-Scheme of ArrangementAug 18, 2026
HEG Limited Has Informed The Exchange About Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015Aug 14, 2026
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 12, 2026
Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015Aug 11, 2026
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 07, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2026
Re-Lodgement Of Transfer Requests Of Physical Shares For The Month Of July 2026Aug 06, 2026
Assignment / Review Of ESG Rating By CRISIL ESG Ratings & Analytics Limited (ISIN: INE545A01024)Aug 04, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2026
Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation 2015Aug 04, 2026
Compliance Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Jul 30, 2026
Announcement under Regulation 30 (LODR)-Dividend UpdatesJul 30, 2026
Compliance Under Regulation 44(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 30, 2026
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 30, 2026
Intimation To Physical Shareholder- Important Action Required- Update KYC Details And Dematerialize Your Shares Of HEG Limited Before The Record Date For Allotment Of Equity Shares Of HEG Graphite Limited Pursuant To The Composite Scheme Of ArrangementJul 29, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 29, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 29, 2026
Proceedings Of 54Th Annual General Meeting Of The Company Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Jul 29, 2026
Proceeding Of 54Th Annual General Meeting Of The CompanyJul 29, 2026

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
UTI Nifty 500 Index Fund Direct-Growth
0.03%
456
0.03%
0.03%
JioBlackRock Nifty Smallcap 250 Index Fund Direct-Growth
0.27%
127
0.02%
0.07%
Zerodha Nifty MidSmallcap400 50:50 Index Fund Direct-Growth
0.14%
88
0.01%
0.04%
DSP Nifty Smallcap 250 Index Fund Direct-Growth
0.27%
66
0.02%
0.07%
UTI Nifty500 Shariah Index Fund Direct-Growth
0.10%
-42
0.01%
0.02%
Navi Nifty MidSmallcap 400 Index Fund Direct-Growth
0.09%
17
0.00%
0.02%
DSP Nifty 500 Index Fund Direct-Growth
0.03%
3
0.00%
0.01%
Groww Nifty Smallcap 250 Index Fund Direct-Growth
0.27%
0
0.00%
0.02%
HDFC MNC Fund Direct-Growth
0.52%
0
0.00%
0.52%
Bajaj Finserv Small Cap Fund Direct-Growth
2.02%
0
-0.02%
0.22%
Bandhan Infrastructure Fund Direct Plan-Growth
0.40%
0
0.00%
0.05%
Bandhan Innovation Fund Direct-Growth
0.83%
0
0.00%
0.32%
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth
0.27%
0
0.00%
0.02%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.03%
0
0.00%
0.00%
Bandhan Small Cap Fund Direct-Growth
0.35%
0
0.00%
0.05%
Bank of India Aggressive Hybrid Fund Direct-Growth
1.17%
0
0.00%
-0.01%
Bank of India ELSS Tax Saver Direct-Growth
2.73%
0
0.00%
0.23%
Bank of India Flexi Cap Fund Direct-Growth
1.26%
0
0.00%
0.06%
Bank of India Manufacturing & Infrastructure Fund Direct-Growth
1.16%
0
0.00%
0.05%
Bank of India Midcap Tax Fund Series 1 Direct-Growth
1.44%
0
0.08%
0.37%
Bank of India Midcap Tax Fund Series 2 Direct-Growth
1.14%
0
0.09%
0.30%
Bank of India Multi Cap Fund Direct-Growth
1.01%
0
0.00%
0.04%
Bank of India Small Cap Fund Direct-Growth
0.66%
0
0.00%
-0.04%
Edelweiss Nifty Smallcap 250 Index Fund Direct-Growth
0.27%
0
0.00%
0.02%
Bajaj Finserv Flexi Cap Fund Direct-Growth
2.07%
0
0.00%
-0.01%

Technical Indicators

RSI(14)
Neutral
46.50
ATR(14)
Less Volatile
11.35
STOCH(9,6)
Oversold
10.90
STOCH RSI(14)
Oversold
19.33
MACD(12,26)
Bearish
-4.78
ADX(14)
Strong Trend
44.12
UO(9)
Bearish
38.71
ROC(12)
Downtrend And Accelerating
-9.04
WillR(14)
Neutral
-61.04