| 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
577.70
-5.65
(-0.97%)
Market Cap
11,148.31 Cr
PE Ratio
29.51
Volume
22,38,629.00
Day High - Low
595.70 - 572.40
52W High-Low
672.00 - 335.75
Key Fundamentals
Market Cap
11,148.31 Cr
EPS
5.96
PE Ratio
29.51
PB Ratio
2.41
Book Value
241.79
EBITDA
382.70
Dividend Yield
0.31 %
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 forms strategic long-term partnership with Inoxap to supply nitrogen to TACC Limited, aimed at enhancing carbon materials production capabilities at its Dewas manufacturing facility.
HEG Limited disclosed insider trading violations by three promoter group members who traded shares worth ₹38.09 lakh without proper clearance on December 30, 2025, with penalties totaling ₹34.27 lakh deposited to SEBI.
HEG Promoter Group Increases Stake by 0.10%
10 days ago
10 days agoRedrose Vanija LLP, a promoter group member of HEG Limited, acquired 1.90 lakh additional equity shares worth ₹10.14 crores through market purchase, increasing their holding from 29.30% to 29.40%.
View more
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 |
|---|---|---|---|---|---|---|---|---|
718.10 | #1 14,029.92 | 43.89 | 2,998.50 | -7.85 | #1 458 | #1 419.05 | 63.36 | |
577.70 | #2 11,148.31 | #3 29.51 | #3 2,287.30 | #9 -9.83 | #4 115 | #3 148.20 | 58.50 | |
499.90 | 10,146.01 | 44.54 | 1,917.00 | 17.03 | 265 | -10.22 | 48.99 | |
434.65 | 8,975.58 | 52.92 | #1 3,700.60 | -2.41 | 203 | 29.68 | 44.91 | |
706.45 | 3,243.45 | 66.30 | 201.00 | #1 51.01 | 37 | 43.88 | 38.04 | |
171.03 | 1,232.76 | 42.41 | 1,670.40 | 0.73 | 43 | -40.91 | 40.85 | |
417.95 | 908.46 | 49.17 | 97.50 | - | 15 | 56.41 | 32.41 | |
1,310.60 | 733.94 | 31.87 | 113.80 | 0.98 | 16 | -28.21 | 35.19 | |
38.61 | 461.93 | #1 24.02 | 331.00 | 4.61 | 10 | 158.82 | 32.06 | |
703.55 | 373.49 | 27.52 | 74.40 | -5.82 | 2 | 133.33 | 64.89 |
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 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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
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 | 0.31 | 0.00 |
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 |
| 10 Feb 2026 | Quarterly Result Announcement | NA | 10 Feb 2026 | 570.00 | 545.10 |
Announcements
Disclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Update On Wholly Owned Subsidiary5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release5 days ago
5 days agoReporttng Of Violations Under SEBI (PIT) Regulations By Designated Persons And Action Taken By Company7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 20157 days ago
7 days agoDisclosures Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation 20159 days ago
9 days agoAnnouncement 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, 2026Update On Composite Scheme Of ArrangementJan 09, 2026
Jan 09, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jan 09, 2026
Jan 09, 2026RTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.Jan 07, 2026
Jan 07, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 05, 2026
Jan 05, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 02, 2026
Jan 02, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 02, 2026
Jan 02, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseDec 24, 2025
Dec 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationDec 24, 2025
Dec 24, 2025Closure of Trading WindowDec 23, 2025
Dec 23, 2025Announcement 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, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 58.50
ATR(14)
Volatile 23.22
STOCH(9,6)
Neutral 73.27
STOCH RSI(14)
Overbought 95.76
MACD(12,26)
Bullish 5.86
ADX(14)
Strong Trend 26.45
UO(9)
Bearish 48.26
ROC(12)
Uptrend And Accelerating 9.20
WillR(14)
Neutral -26.55
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