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HEG Ltd

HEG Share Price

540.552.58% (+13.60)
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Returns
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With a market cap of ₹10,431 cr, stock is ranked 532

Stock is 3.37x as volatile as Nifty

HEG Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹10,431 cr, stock is ranked 532

Stock is 3.37x as volatile as Nifty

HEG Performance & Key Metrics

HEG Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
40.452.340.33%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
41.416.080.67%

HEG Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

HEG Company Profile

HEG Limited is engaged in manufacturing of graphite electrodes, which are used by manufacturers of steel. The Company's segments include Graphite, Power and Unallocable items.

Investor Presentation

View older View older 

Jan 16, 2026

PDF
View Older Presentations
PE Ratio
55.93
55.93
1Y Return
28.12%
28.12%
Buy Reco %
83.33
83.33
PE Ratio
56.15
56.15
1Y Return
20.61%
20.61%
Buy Reco %
69.70
69.70
PE Ratio
47.73
47.73
1Y Return
34.81%
34.81%
Buy Reco %
100.00
100.00
PE Ratio
81.11
81.11
1Y Return
22.87%
22.87%
Buy Reco %
57.89
57.89
PE Ratio
48.20
48.20
1Y Return
10.95%
10.95%
Buy Reco %
93.75
93.75
Compare with Peers

HEG Sentiment Analysis

HEG Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

HEG Stock Summary · January 2026

HEG is strategically positioning itself for growth through a proposed demerger that will separate its graphite electrode business from the burgeoning clean tech platform, HEG Greentech, which will operate debt-free and focus on advanced battery materials. This restructuring aims to enhance operational efficiency and transparency, allowing each entity to pursue independent growth strategies aligned with market trends in renewable energy and battery storage. With significant capital expenditure plans and a commitment to innovative production techniques, HEG is poised to capitalize on the increasing demand for anode materials in India, driven by the electric vehicle sector and government initiatives promoting localization. Despite challenges in raw material sourcing and evolving market dynamics, the company’s strong management expertise and proactive financial strategies are expected to bolster its competitive position and drive long-term value creation for shareholders.

HEG Stock Growth Drivers
HEG Stock Growth Drivers
9
  • Demerger and Strategic Focus

    The company is undergoing a strategic demerger to create two focused, publicly listed entities, enhancing

  • Advancements in Battery Technology

    The company is establishing a 20,000 tonnes per annum active anode material manufacturing facility, focusing

HEG Stock Challenges
HEG Stock Challenges
4
  • Challenges in Renewable Energy Market

    The renewable energy landscape in India is facing significant challenges, particularly with the price of

  • Concerns Over Battery Technology Evolution

    There are growing concerns regarding the anode business due to the rapid evolution of battery

HEG Forecast

HEG Forecasts

Price

Revenue

Earnings

HEG

HEG

Income

Balance Sheet

Cash Flow

HEG Income Statement

HEG Income Statement

Industry refers to the sub-sector this company belongs to.
Lower than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 0.1%, vs industry avg of 17.72%

Decreasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 5.12% to 2.12%

Lower than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.21%, vs industry avg of 19.25%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue867.172,762.436,702.022,292.781,376.502,321.622,654.532,618.232,304.742,699.19
Raw Materialssubtract342.77575.811,611.841,558.13504.94940.421,312.641,093.00954.732,112.09
Power & Fuel Costsubtract74.21165.03184.00165.83141.85273.47320.58314.09336.55
Employee Costsubtract58.78112.44197.5765.6054.5380.0092.0595.27103.67
Selling & Administrative Expensessubtract95.56150.89207.31122.33102.45226.79260.29206.07249.69
Operating & Other expensessubtract207.9824.58-266.15242.96511.64153.70-136.71304.04259.94
Depreciation/Amortizationsubtract73.9272.5672.3972.1373.1279.29102.30174.65200.59211.95
Interest & Other Itemssubtract54.7256.4217.9736.5111.377.4926.0135.7439.2038.49
Taxes & Other Itemssubtract3.31505.371,650.92-38.35-5.46129.42144.9683.6945.3178.77
EPS-2.2155.02154.093.50-0.9322.3427.5916.155.9613.36
DPS0.0016.0016.005.000.608.008.504.501.801.80
Payout ratio0.000.290.101.430.000.360.310.280.300.13

HEG Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Jan 16PDF
Nov 11PDF
Aug 2PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 23PDF
Feb 13PDF
Nov 14PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 17PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 31PDF
Feb 20PDF
Nov 16PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
 

HEG Stock Peers

HEG Past Performance & Peer Comparison

HEG Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
HEG Ltd90.662.340.33%
Polycab India Ltd55.9311.400.47%
Havells India Ltd56.159.910.76%
Apar Industries Ltd47.738.700.52%

HEG Stock Price Comparison

Compare HEG with any stock or ETF
Compare HEG with any stock or ETF
HEG
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HEG Holdings

HEG Shareholdings

HEG Promoter Holdings Trend

HEG Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

HEG Institutional Holdings Trend

HEG Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

HEG Shareholding Pattern

HEG Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding56.13%9.68%2.46%8.53%23.20%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

HEG Shareholding History

HEG Shareholding History

SepDec '24MarJunSepDec '256.92%7.08%7.19%7.30%7.96%8.53%

Mutual Funds Invested in HEG

Mutual Funds Invested in HEG

No mutual funds holding trends are available

Top 5 Mutual Funds holding HEG Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
4.1226%4.59%1.05%8/37 (+3)
3.5095%0.98%0.00%45/80 (-6)
1.0576%1.70%0.72%20/98 (+3)

Compare 3-month MF holding change on Screener

HEG Insider Trades & Bulk Stock Deals

HEG Insider Trades & Bulk Stock Deals

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smallcases containing HEG stock

smallcases containing HEG stock

Looks like this stock is not in any smallcase yet.

HEG Events

HEG Events

HEG Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

HEG has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.34%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.42 every year

Dividends

Corp. Actions

Announcements

Legal Orders

HEG Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

HEG has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.34%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.42 every year

HEG Upcoming Dividends

HEG Upcoming Dividends

No upcoming dividends are available

HEG Past Dividends

HEG Past Dividends

Cash Dividend

Ex DateEx DateAug 13, 2025

Final
Final | Div/Share: ₹1.80

Dividend/Share

1.80

Ex DateEx Date

Aug 13, 2025

Cash Dividend

Ex DateEx DateJul 31, 2024

Final
Final | Div/Share: ₹22.50

Dividend/Share

22.50

Ex DateEx Date

Jul 31, 2024

Cash Dividend

Ex DateEx DateAug 24, 2023

Final
Final | Div/Share: ₹42.50

Dividend/Share

42.50

Ex DateEx Date

Aug 24, 2023

Cash Dividend

Ex DateEx DateAug 24, 2022

Final
Final | Div/Share: ₹40.00

Dividend/Share

40.00

Ex DateEx Date

Aug 24, 2022

Cash Dividend

Ex DateEx DateJul 19, 2021

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 19, 2021

HEG Stock News & Opinions

HEG Stock News & Opinions

Corporate
HEG to discuss results

HEG will hold a meeting of the Board of Directors of the Company on 19 January 2026.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
HEG to table results

HEG will hold a meeting of the Board of Directors of the Company on 10 February 2026.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
HEG Ltd leads gainers in 'A' group

Globus Spirits Ltd, Graphite India Ltd, Zydus Wellness Ltd and HFCL Ltd are among the other gainers in the BSE's 'A' group today, 31 December 2025.HEG Ltd surged 10.49% to Rs 663.8 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 8.11 lakh shares were traded on the counter so far as against the average daily volumes of 80470 shares in the past one month. Globus Spirits Ltd soared 10.09% to Rs 1082. The stock was the second biggest gainer in 'A' group. On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 2344 shares in the past one month. Graphite India Ltd spiked 8.87% to Rs 639.95. The stock was the third biggest gainer in 'A' group. On the BSE, 3.54 lakh shares were traded on the counter so far as against the average daily volumes of 48186 shares in the past one month. Zydus Wellness Ltd spurt 8.74% to Rs 460.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.11 lakh shares were traded on the counter so far as against the average daily volumes of 28326 shares in the past one month. HFCL Ltd advanced 8.10% to Rs 68.63. The stock was the fifth biggest gainer in 'A' group. On the BSE, 149.66 lakh shares were traded on the counter so far as against the average daily volumes of 30.15 lakh shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
HEG receives ESG rating of 66.2

HEG announced that SES ESG Research received by the Company on 19 November 2025, has assigned an Environmental, Social and Governance(ESG) score of '66.2' to the company.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
HEG surges after Q2 PAT climbs 74% YoY to Rs 143 cr

Profit before tax (PBT) climbed 70.7% YoY to Rs 175.53 crore in Q2 FY26. Total expenses rose 21.82% to Rs 643.54 crore in Q2 FY26 compared with Rs 528.27 crore in Q2 FY25. During the quarter, cost material consumed stood at Rs (down 6.77% YoY), employee benefit expenses was at Rs 28.90 crore (up 26.64% YoY), power & fuel expenses stood at Rs 92.58 crore (up 3.04% YoY) while finance cost stood at Rs 8.92 crore (down 4.5% YoY). Meanwhile, the company's board approved a proposal to enter into a debenture subscription agreement with its wholly owned subsidiary, TACC, for subscribing to unlisted and unsecured optionally convertible debentures (OCDs) aggregating up to Rs 633 crore to be issued by TACC. Further, the board also noted that Bhilwara Technology, a subsidiary of the company, has approved the sale of its 26% shareholding in Texnere India, as per a valuation report by a SEBI-registered Category-I Merchant Banker. HEG is India's leading graphite electrode manufacturer. It has one of the largest integrated graphite electrode plants in the world, processing sophisticated UHP (ultra high power) electrodes.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
HEG consolidated net profit rises 74.20% in the September 2025 quarter

Net profit of HEG rose 74.20% to Rs 143.33 crore in the quarter ended September 2025 as against Rs 82.28 crore during the previous quarter ended September 2024. Sales rose 23.19% to Rs 699.22 crore in the quarter ended September 2025 as against Rs 567.60 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales699.22567.60 23 OPM %16.9317.02 - PBDT228.98150.61 52 PBT175.23102.67 71 NP143.3382.28 74 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
HEG to discuss results

HEG will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
TACC secures credit facility of Rs 1,230 cr from State Bank of India

TACC, a wholly owned subsidiary of HEG and part of the LNJ Bhilwara Group, has announced that it has received a credit facility of Rs 1,230 crore sanctioned by the State Bank of India. The funding will be utilized to support the company's upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh, which will produce 20,000 MTPA of lithium-ion battery grade graphite anode material. The facility will be among the first of its kind in India, marking a major step toward building a self-reliant domestic ecosystem for advanced energy materials.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
TACC inks technical collaboration agreement with Ceylon Graphene Technologies

TACC, a wholly owned subsidiary of HEG and part of the LNJ Bhilwara Group, has signed a Technical Collaboration Agreement with Ceylon Graphene Technologies (CGT), a subsidiary of LOLC Holdings PLC and a global pioneer in graphene technologies, to jointly accelerate the commercialization and large-scale adoption of graphene and its derivatives. Under this collaboration, CGT will bring its decade long expertise in graphene, technology scale up, and application development to support TACC in building state-of-the-art graphene production capabilities. In turn, TACC will leverage its deep-rooted understanding of graphite technology and carbon science, alongside proprietary process for graphene synthesis and expertise in application-based derivatives, to accelerate innovation and deliver cutting-edge material solutions. The partnership also unites two strong legacies, and diverse business conglomerates the LNJ Bhilwara Group and the LOLC Group paving way for a secured foundation and a well guided path towards innovation and growth. TACC's ongoing collaborations across sectors already provide clear demonstrations of this promise. In construction, TACC is working with the National Council for Cement and Building Materials (NCB) and the Central Road Research Institute (CRRI) on graphene-based concrete solutions. In textiles, TACC has partnered with Birla Cellulose (a division of Grasim Industries) and RSWM Limited to advance the use of graphene in fabric innovation. These initiatives serve as strong citations of TACC's commitment to powering the future with graphene. Powered by Capital Market - Live

5 months agoCapital Market - Live
Spotlight
Volumes soar at HEG Ltd counter

Kaynes Technology India Ltd, Navin Fluorine International Ltd, Zen Technologies Ltd, Graphite India Ltd are among the other stocks to see a surge in volumes on NSE today, 31 July 2025.HEG Ltd recorded volume of 339.71 lakh shares by 14:14 IST on NSE, a 46.16 times surge over two-week average daily volume of 7.36 lakh shares. The stock gained 11.46% to Rs.595.50. Volumes stood at 5.78 lakh shares in the last session.Kaynes Technology India Ltd registered volume of 33.93 lakh shares by 14:14 IST on NSE, a 11.8 fold spurt over two-week average daily volume of 2.88 lakh shares. The stock rose 9.44% to Rs.6,170.00. Volumes stood at 7.04 lakh shares in the last session.Navin Fluorine International Ltd witnessed volume of 9.46 lakh shares by 14:14 IST on NSE, a 11.22 times surge over two-week average daily volume of 84311 shares. The stock dropped 0.41% to Rs.5,168.20. Volumes stood at 1.07 lakh shares in the last session.Zen Technologies Ltd witnessed volume of 19.41 lakh shares by 14:14 IST on NSE, a 11.04 times surge over two-week average daily volume of 1.76 lakh shares. The stock dropped 2.75% to Rs.1,483.90. Volumes stood at 1.19 lakh shares in the last session.Graphite India Ltd notched up volume of 56.73 lakh shares by 14:14 IST on NSE, a 10.06 fold spurt over two-week average daily volume of 5.64 lakh shares. The stock rose 4.07% to Rs.577.30. Volumes stood at 3.38 lakh shares in the last session.Powered by Capital Market - Live

6 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of HEG Ltd (HEG) today?

    The share price of HEG as on 3rd February 2026 is ₹540.55. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on HEG Ltd (HEG) share?

    The past returns of HEG Ltd (HEG) share are
    • Past 1 week: 2.77%
    • Past 1 month: -13.70%
    • Past 3 months: -7.37%
    • Past 6 months: 1.94%
    • Past 1 year: 49.32%
    • Past 3 years: 167.47%
    • Past 5 years: 158.92%

  3. What are the peers or stocks similar to HEG Ltd (HEG)?
  4. What is the dividend yield % of HEG Ltd (HEG) share?

    The current dividend yield of HEG Ltd (HEG) is 0.33.

  5. What is the market cap of HEG Ltd (HEG) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of HEG Ltd (HEG) is ₹10431.40 Cr as of 3rd February 2026.

  6. What is the 52 week high and low of HEG Ltd (HEG) share?

    The 52-week high of HEG Ltd (HEG) is ₹672 and the 52-week low is ₹331.25.

  7. What is the PE and PB ratio of HEG Ltd (HEG) stock?

    The P/E (price-to-earnings) ratio of HEG Ltd (HEG) is 90.66. The P/B (price-to-book) ratio is 2.34.

  8. Which sector does HEG Ltd (HEG) belong to?

    HEG Ltd (HEG) belongs to the Industrials sector & Electrical Components & Equipments sub-sector.

  9. How to buy HEG Ltd (HEG) shares?

    You can directly buy HEG Ltd (HEG) shares on Tickertape. Simply sign up, connect your demat account and place your order.