| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
HEG
HEG
594.25
-6.00
(-1.00%)
Market Cap
₹11,467.69 Cr
PE Ratio
45.02
Volume
32,69,650.00
Day High - Low
₹605.00 - ₹572.00
52W High-Low
₹619.00 - ₹331.25
Key Fundamentals
Market Cap
11,467.69 Cr
EPS
5.96
PB Ratio
2.49
Book Value
241.79
EBITDA
382.70
Dividend Yield
0.30 %
Industry
Industrial Products Sector
Electrodes & Refractories Return on Equity
2.58
Debt to Equity
0.14
Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
View All News
Bhilwara Energy Limited, associate company of HEG Limited, announced acquisition of 100% stake in 76MW Phata Byung Hydroelectric Project in Uttarakhand from Statkraft IH Holding AS.
HEG Limited's wholly-owned subsidiary Bhilwara Infotechnology Limited receives RBI compounding order for delayed FC-GPR reporting with penalty of ₹43,550.00 for FEMA compliance violation.
HEG reported operating EBITDA between Rs 450-500 crores and plans to maintain the same range for next year, while also announcing increased market stake with both short and long-term value. The company expects to see benefits from its demerger process, indicating strategic restructuring efforts are progressing.
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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 |
|---|---|---|---|---|---|---|---|---|
589.50 | #1 11,517.39 | 49.67 | 2,998.50 | -7.85 | #1 458 | -60.82 | 69.38 | |
594.25 | #2 11,467.69 | #4 45.02 | #3 2,287.30 | #8 -9.83 | #4 115 | #2 74.12 | 74.35 | |
475.80 | 9,656.87 | 39.78 | 1,550.71 | -19.11 | 184 | -10.22 | 50.00 | |
444.15 | 9,171.76 | 58.98 | #1 3,700.60 | -2.41 | 203 | -16.56 | 47.68 | |
950.80 | 4,365.31 | 98.04 | 201.00 | #1 51.01 | 37 | 56.82 | 51.75 | |
201.87 | 1,455.05 | 48.55 | 1,670.40 | 0.73 | 43 | 4.96 | 39.78 | |
502.00 | 1,091.15 | 75.93 | 97.50 | - | 15 | - | 48.05 | |
1,560.00 | 873.55 | 34.46 | 113.80 | 0.98 | 16 | -1.12 | 54.05 | |
46.20 | 552.73 | #1 30.93 | 331.00 | 4.61 | 10 | #1 294.74 | 59.47 | |
691.25 | 366.96 | 135.72 | 74.40 | -5.82 | 2 | 18.18 | 35.65 |
Automatic Screeners on ScanX
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 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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 80 | 80 | 25 | 3 | 40 | 42.5 | 22.5 | 1.8 |
| Dividend Yield (%) | 0.00 | 0.00 | 19.11 | 82.64 | 8.54 | 1.09 | 21.72 | 11.52 | 4.66 | 0.3 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 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 |
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication5 days ago
5 days agoClosure of Trading Window6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 15, 2025
Dec 15, 2025RBI Compounding Order Relating To Bhilwara Infotechnology Limited (BIL) A Wholly Owned Subsidiary Of HEG Limited:Dec 11, 2025
Dec 11, 2025Report On Re-Lodgment Of Transfer Requests Of Physical SharesDec 08, 2025
Dec 08, 2025Clarification On Volume Movement.Nov 26, 2025
Nov 26, 2025Clarification sought from HEG LtdNov 26, 2025
Nov 26, 2025Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation 2015Nov 25, 2025
Nov 25, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Nov 25, 2025
Nov 25, 2025Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation 2015
Nov 25, 2025
Nov 25, 2025Assignment Of ESG Score By SES ESG Research Pvt Ltd.Nov 20, 2025
Nov 20, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 17, 2025
Nov 17, 2025RTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.Nov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 12, 2025
Nov 12, 2025Clarification On Volume Movement By The CompanyNov 12, 2025
Nov 12, 2025Clarification sought from HEG LtdNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 11, 2025
Nov 11, 2025Addition Of Shri Puneet Anand President & Group Chief Strategy Officer W.E.F Dec 1 2025 In Addition To Existing KMPs For The Purpose Of Determining Materiality Of An Event/Information As Per Regulation 30(5) Of The SEBI (LODR) Regulations 2015.Nov 10, 2025
Nov 10, 2025Announcement Under Regulation 30 With Regard To GSTNov 10, 2025
Nov 10, 2025Approval For The Proposed Subscription Of Unsecured Unlisted Optionally Convertible Debentutes Of TACC Limited (Wholly Owned Subsidiary Company)Nov 10, 2025
Nov 10, 2025Sale Of Stake Held By Bhilwara Infotechnology Limited Awholly Owned Subsidiary Company In Texnere India Private LimitedNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 10, 2025
Nov 10, 2025Unaudited Financial Results For Quarter And Half Year Ended 30 September 2025Nov 10, 2025
Nov 10, 2025Board Meeting Outcome for Outcome Of Board MeetingNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 04, 2025
Nov 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 03, 2025
Nov 03, 2025Board Meeting Intimation for Consider Approve And Take On Record The Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter And Half Year Ended The 30Th September2025.Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 15, 2025
Oct 15, 2025Disclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Update On Wholly Owned SubsidiaryOct 15, 2025
Oct 15, 2025RTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.Oct 07, 2025
Oct 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 06, 2025
Oct 06, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025APPROVAL FOR GRANT OF INTER-CORPORATE UNSECURED LOAN TO BHILWARA ENERGY LIMITED AN ASSOCIATE COMPANYSep 23, 2025
Sep 23, 2025Board Meeting Outcome for Outcome Of Board Meeting Dated September 23 2025.Sep 23, 2025
Sep 23, 2025Minutes Of 53Rd Annual General MeetingSep 15, 2025
Sep 15, 2025RTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.Sep 10, 2025
Sep 10, 2025Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015Sep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 03, 2025
Sep 03, 2025Intimation With Respect To Transfer Of Equity Shares Under Section 124(6) Of The Companies Act 2013 To The Investor Education And Protection Fund (IEPF) Authority.Sep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 30, 2025
Aug 30, 2025Compliance Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.
Aug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesAug 21, 2025
Aug 21, 2025Compliance Under Regulation 44(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 21, 2025
Aug 21, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 21, 2025
Aug 21, 2025Proceedings Of 53Rd Annual General Meeting Of The Company Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Aug 20, 2025
Aug 20, 2025Proceeding Of 53Rd Annual General Meeting Of The CompanyAug 20, 2025
Aug 20, 2025Mutual Fund Holdings
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Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 74.35
ATR(14)
Volatile 18.61
STOCH(9,6)
Neutral 59.53
STOCH RSI(14)
Overbought 100.00
MACD(12,26)
Bullish 5.91
ADX(14)
Strong Trend 28.73
UO(9)
Bearish 56.78
ROC(12)
Uptrend And Accelerating 9.71
WillR(14)
Overbought -6.48
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