Debut Plus

608.45

+22.84 +3.90%

17 Jul 2026

NSE Listed

HEG Ltd. (HEG)

Volume: 26,84,592Avg Vol 1W: 36,05,636.8Avg Vol 1M: 16,59,074.9552W Range:459.8690
Market Cap₹11,301 Cr
Current Price₹608.45
Previous Close₹585.61
High / Low (52w)₹690 / ₹459.8
Volume26,84,592
Avg Vol (1W)36,05,636.8
Avg Vol (1M)16,59,074.95
Stock P/E81.16
Book Value₹246.52
Dividend Yield0.7%
ROE7.2%
ROA5.5%
Revenue (TTM)₹2,709 Cr
Revenue Growth-9.8%
Profit Margin13.3%
Total Debt₹0 Cr
Shares Outstanding19 Cr
Face Value₹2
EPS (TTM)₹-5.9
P/B2.38
Debt / Equity0.17
50 DMA₹548.77
200 DMA₹552.31
Day change+3.90%
Price Chart
608.45 14.11% · 1Y
6684624.7Cr
2025-07-16
2026-07-15

20-day avg volume: 16.6L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 192% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 81.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹571 Cr₹568 Cr₹478 Cr₹537 Cr₹617 Cr₹699 Cr₹656 Cr₹603 Cr
EBITDA₹12 Cr₹92 Cr₹141 Cr₹-57 Cr₹119 Cr₹177 Cr₹191 Cr₹-161 Cr
Net Profit₹23 Cr₹82 Cr₹83 Cr₹-74 Cr₹105 Cr₹143 Cr₹207 Cr₹-114 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹6,702 Cr₹2,293 Cr₹1,369 Cr₹2,281 Cr₹2,576 Cr₹2,537 Cr₹2,280 Cr₹2,709 Cr
EBITDA₹4,695 Cr₹66 Cr₹-19 Cr₹527 Cr₹625 Cr₹349 Cr₹187 Cr₹326 Cr
Net Profit₹3,026 Cr₹68 Cr₹-18 Cr₹431 Cr₹532 Cr₹312 Cr₹115 Cr₹341 Cr
EPS757.5317.52-4.65111.68137.9516.155.9617.69
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹5,144 Cr₹4,438 Cr₹4,244 Cr₹5,308 Cr₹5,692 Cr₹5,701 Cr₹5,648 Cr₹6,166 Cr
Total Liabilities₹1,351 Cr₹927 Cr₹749 Cr₹1,394 Cr₹1,411 Cr₹1,275 Cr₹1,194 Cr₹1,408 Cr
Equity₹3,794 Cr₹3,512 Cr₹3,495 Cr₹3,914 Cr₹4,281 Cr₹4,426 Cr₹4,454 Cr₹4,758 Cr
Total Debt
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹3,115 Cr₹842 Cr₹718 Cr₹-12 Cr₹261 Cr₹648 Cr₹324 Cr₹235 Cr
Investing₹-676 Cr₹-275 Cr₹-417 Cr₹-183 Cr₹-21 Cr₹-184 Cr₹-208 Cr₹-320 Cr
Financing₹-788 Cr₹-460 Cr₹-310 Cr₹344 Cr₹-100 Cr₹-324 Cr₹-159 Cr₹97 Cr
Free Cash Flow₹3,115 Cr₹717 Cr₹718 Cr₹-12 Cr₹261 Cr₹648 Cr₹324 Cr₹235 Cr
Shareholding
Promoter 56.28% Institutions 17.73% Public 25.99%
Efficiency & Working Capital
ROCE4%
Interest Coverage12
Dividend Payout
Debtor Days71 d
Inventory Days161 d
Payable Days57 d
Cash Conversion Cycle175 d
Working Capital Days232 d
Shareholding Details

As of 2026-06-30

Promoter56.3%
FII8.5%
DII9.3%
Institutions17.7%
Public26%
Promoter Pledge0%
No. of Shareholders1,39,601
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters55.8%55.8%55.8%55.8%55.8%55.8%55.8%55.8%55.8%56.1%56.3%56.3%
FIIs6.8%6.9%6.9%6.1%6.9%7.1%7.2%7.3%8%8.5%10.2%8.5%
DIIs6.5%8.1%10.4%13.1%12.8%12.1%11.6%11.6%12%12.1%8.6%9.3%
Public30.9%29.3%27%25.1%24.5%25.1%25.4%25.3%24.3%23.2%24.9%26%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,37,3421,32,6621,29,9051,19,3991,18,4711,52,1661,53,0631,48,0361,41,5761,32,3141,37,6751,39,601
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Redrose Vanijya LlpShareholding of Promoter and Promoter Group29.5%5.68 Cr
Norbury Investments LimitedShareholding of Promoter and Promoter Group13.9%2.68 Cr
Microlight Investments Ltd.Shareholding of Promoter and Promoter Group12.1%2.33 Cr
Sbi Energy Opportunities FundPublic Shareholding3.4%66,05,252
Mekima CorporationPublic Shareholding2.3%44,11,586
Bajaj Finserv Flexi Cap FundPublic Shareholding2%37,81,062
Bank Of India Elss Tax SaverPublic Shareholding1.2%23,39,518
Rswm LimitedShareholding of Promoter and Promoter Group0.8%15,91,955
Rlj Family Trusteeship Pvt. Ltd. (trustee Of Ravi Jhunjhunwala Family Trust)Shareholding of Promoter and Promoter Group0%2,500
Lnj Leasing And Finance Private LimitedShareholding of Promoter and Promoter Group0%0
Lnj Realty Private LimitedShareholding of Promoter and Promoter Group0%0
Rlj Family Trusteeship Private LimitedShareholding of Promoter and Promoter Group0%0
Sklnj Family Trustee Private LimitedShareholding of Promoter and Promoter Group0%0
Rrj Family Trustee Private LimitedShareholding of Promoter and Promoter Group0%0
Randr Trustee Private LimitedShareholding of Promoter and Promoter Group0%0
Riju Advisory And Consulting LlpShareholding of Promoter and Promoter Group0%0
Rj Family Consulting And Advisory LlpShareholding of Promoter and Promoter Group0%0
Rr Family Advisory And Consulting LlpShareholding of Promoter and Promoter Group0%0
Proficio And Smart Consulting LlpShareholding of Promoter and Promoter Group0%0
Lnj Textiles Advisory LlpShareholding of Promoter and Promoter Group0%0
Lnj Spark Advisory LlpShareholding of Promoter and Promoter Group0%0
Lnj Graphite Advisory LlpShareholding of Promoter and Promoter Group0%0
Minds Overthetop Consultants LlpShareholding of Promoter and Promoter Group0%0
Thriving Richness Advisory LlpShareholding of Promoter and Promoter Group0%0
Proinsight Advisory LlpShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ravi Jhunjhunwala00%2026-06-30
Rishabh Jhunjhunwala00%2026-06-30
Rita Jhunjhunwala00%2026-06-30
Riju Jhunjhunwala00%2026-06-30
Lakshmi Niwas Jhunjhunwala00%2026-06-30
Mani Devi Jhunjhunwala00%2026-06-30
Nivedan Churiwal00%2026-06-30
Shubha Churiwal00%2026-06-30
Sudha Churiwal00%2026-06-30
Shashi Agarwal00%2026-06-30
Rajkumari Marodia00%2026-06-30
Redrose Vanijya Llp00%2026-06-30
Board of Directors
NameDesignationYear
Ravi JhunjhunwalaCMD & Executive Director2026
Riju JhunjhunwalaVice Chairman & Non executive2026
Shekar AgarwalNon Executive Director2026
Manish GulatiExecutive Director2026
Kamal GuptaNon-Exec & Non-Independent Dir2026
N G KhaitanIndependent Non Exe. Director2026
Ramni NirulaIndependent Non Exe. Director2026
Jayant DavarIndependent Non Exe. Director2026
P S DasguptaIndependent Non Exe. Director2026
Sandip SomanyIndependent Non Exe. Director2026
VIVEK CHAUDHARYCompany Sec. & Compli. Officer2026
L N JhunjhunwalaChairman Emeritus2026
Segments — Product
SegmentRevenueShare
Graphite₹2,540 Cr98.9%
Power₹29 Cr1.1%
Segments — Geography
RegionRevenueShare
India₹847 Cr33%
Outside India₹1,722 Cr67%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2553939
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-22Board Meetings
forthcoming2026-07-22Dividend (3.4/- per share)Final
dividend2025-08-13₹1.8 (90%)Final
forthcomingBook ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20261,244746042312,063
20261,2427370271,987
202600010010
Insider / Designated-Person Trades

14 recent disclosure(s)

Redrose Vanijya LLPAcquisition · 1,05,000
Sudha ChuriwalDisposal · 895
Shubha ChuriwalDisposal · 1,500
Nivedan ChuriwalDisposal · 3,900
Redrose Vanijya LLPAcquisition · 1,90,000
Shubha ChuriwalAcquisition · 1,500
Substantial Acquisitions (SAST)

4 disclosure(s)

Market18/02/2026 · 1,90,000
Market11/02/2026 · 24,50,535
Market25/11/2025 · 6,74,000
Market05/07/2024 · 19,90,129
Company Information
Incorporated1972
ChairmanL N Jhunjhunwala
AuditorSCV & Co LLP
Investor Email[email protected]
🌐 www.hegltd.com

📍 Mandideep, Near Bhopal, Raisen, Madhya Pradesh, 462046

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