| 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 |
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 | 700 | 819 | 823 | 675 |
| 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 | 512 | 581 | 513 | 752 |
| 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 | -77 |
| 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 % |
| 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 |
| 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 |
| 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 | -140 |
| 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 | -26 |
| 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 |
| 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 |
HEG
HEG
592.30
-0.75
(-0.13%)
Market Cap
11,430.06 Cr
PE Ratio
33.54
Volume
10,50,623.00
Day High - Low
615.00 - 590.05
52W High-Low
690.00 - 459.80
Key Fundamentals
Market Cap
11,430.06 Cr
EPS
17.69
PE Ratio
33.54
PB Ratio
2.41
Book Value
246.55
EBITDA
398.30
Dividend Yield
0.57 %
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
HEG Limited's equity shareholders, secured creditors, and unsecured creditors unanimously passed the Composite Scheme of Arrangement at NCLT-convened meetings on May 5, 2026.
HEG Limited's board reappointed cost, internal, and tax auditors for FY26-27 and approved security creation for wholly owned subsidiary TACC Limited in favour of State Bank of India.
HEG Limited schedules FY26 annual results for April 29, 2026, appoints cost, internal, and tax auditors for upcoming financial year, and approves security creation for subsidiary TACC Limited.
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 |
|---|---|---|---|---|---|---|---|---|
744.25 | #1 14,540.83 | 44.56 | 2,998.50 | -7.85 | #1 458 | #1 419.05 | 56.49 | |
592.30 | #2 11,430.06 | #2 33.54 | #3 2,568.50 | #5 12.29 | #2 330 | #8 -54.41 | 47.32 | |
475.45 | 9,649.77 | 37.31 | 2,163.30 | 12.85 | 264 | -5.90 | 43.70 | |
398.80 | 8,235.28 | 46.57 | #1 3,700.60 | -2.41 | 203 | 29.68 | 52.45 | |
920.60 | 4,226.66 | 76.31 | 257.07 | 27.90 | 56 | 50.50 | 76.78 | |
167.69 | 1,208.69 | 41.69 | 1,670.40 | 0.73 | 43 | -40.91 | 45.35 | |
546.65 | 1,188.20 | 53.60 | 135.29 | 38.76 | 23 | 80.00 | 58.15 | |
1,234.65 | 691.43 | 38.10 | 113.80 | 0.98 | 16 | -148.28 | 34.95 | |
40.02 | 478.80 | #1 24.43 | 331.00 | 4.61 | 10 | 158.82 | 46.14 | |
709.30 | 376.54 | 41.78 | 121.62 | #1 63.47 | 8 | -118.18 | 40.62 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
12.29 %
Net Income Growth
186.35 %
Cash Flow Change
-54.31 %
ROE
-63.35 %
ROCE
-54.05 %
EBITDA Margin (Avg.)
-15.84 %
Quarterly Financial Results
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 | 2,012 |
| 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 | 1,134 |
| Other Assets | 1,232 | 767 | 732 | 1,656 | 3,396 | 2,348 | 1,819 | 2,678 | 2,998 | 2,474 | 2,238 | 0 |
| 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 |
| 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 |
|---|---|---|---|---|---|
| 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 |
| 29 Apr 2026 | Quarterly Result Announcement | NA | 29 Apr 2026 | 550.15 | 659.20 |
| 05 May 2026 |  Extraordinary General Meeting | NA | 05 May 2026 | 564.15 | 615.75 |
Announcements
Compliances-Reg.24(A)-Annual Secretarial Compliance
2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call TranscriptMay 08, 2026
May 08, 2026Re-Lodgment Of Transfer Requests Of Physical Shares.May 06, 2026
May 06, 2026Announcement under Regulation 30 (LODR)-Meeting UpdatesMay 06, 2026
May 06, 2026Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 06, 2026
May 06, 2026Proceedings Of The Meetings Of The Unsecured Creditors Of HEG Limited Convened Pursuant To The Directions Of The Honble National Company Law Tribunal Indore Bench (Tribunal)May 05, 2026
May 05, 2026Proceedings Of The Meetings Of The Secured Creditors Of HEG Limited Convened Pursuant To The Directions Of The Honble National Company Law Tribunal Indore Bench (Tribunal)May 05, 2026
May 05, 2026Shareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingMay 05, 2026
May 05, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 04, 2026
May 04, 2026Announcement under Regulation 30 (LODR)-Investor PresentationMay 01, 2026
May 01, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 30, 2026
Apr 30, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 29, 2026
Apr 29, 2026Corporate Action-Board approves DividendApr 29, 2026
Apr 29, 2026Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Apr 29, 2026
Apr 29, 2026Continuation Of Shri Shekhar Agarwal (DIN: 00066113) As Non-Executive Non-Independent Director Of The Company Who Will Be Attaining The Age Of 75 Years On 9Th October 2027 In Financial Year 2027-28Apr 29, 2026
Apr 29, 2026Appointment Of Cost Auditor Internal Auditor And Tax AuditorApr 29, 2026
Apr 29, 2026Approval For Creation Of Security In Favour Of Lender/Security Trustee On Behalf Of TACC Limited (Wholly Owned Subsidiary)Apr 29, 2026
Apr 29, 2026Announcement under Regulation 30 (LODR)-Dividend UpdatesApr 29, 2026
Apr 29, 2026Audited Financial Results (Standalone & Consolidated) For The Quarter And Financial Year Ended March 31 2026.Apr 29, 2026
Apr 29, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On April 29 2026Apr 29, 2026
Apr 29, 2026Information To Concerned Shareholders Inter-Alia With Regard To Registration Of Their Email Address Etc. With The Registrar And Share Transfer Agent / Depository Participants.Apr 27, 2026
Apr 27, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 22, 2026
Apr 22, 2026Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2Apr 08, 2026
Apr 08, 2026Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 08, 2026
Apr 08, 2026RTA Report On Re-Lodgment Of Transfer Requests Of Physical Shares.Apr 06, 2026
Apr 06, 2026Board 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.Apr 03, 2026
Apr 03, 2026Notice 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)Apr 03, 2026
Apr 03, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 03, 2026
Apr 03, 2026Assignment Of ESG Score By NSE Sustainability Ratings And Analytics LimitedApr 02, 2026
Apr 02, 2026Notice 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)Apr 02, 2026
Apr 02, 2026Notice 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)Apr 02, 2026
Apr 02, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 02, 2026
Apr 02, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 01, 2026
Apr 01, 2026Update 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, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 47.53
ATR(14)
Less Volatile 27.26
STOCH(9,6)
Neutral 51.69
STOCH RSI(14)
Oversold 19.43
MACD(12,26)
Bearish -4.82
ADX(14)
Weak Trend 17.65
UO(9)
Bearish 51.26
ROC(12)
Downtrend And Accelerating -3.69
WillR(14)
Neutral -75.02
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