₹608.45
▲ +22.84 +3.90%
17 Jul 2026
NSE Listed · Capital Goods-Non Electrical Equipment
HEG Ltd. (HEG)
Volume: 29,21,088Avg Vol 1W: 11,89,963Avg Vol 1M: 11,79,53752W Range:₹459.8₹690
Key Ratios
Checked just nowMarket Cap₹11,742 Cr
Current Price₹608.45
Previous Close₹585.61
High / Low (52w)₹690 / ₹459.8
Volume29,21,088
Avg Vol (1W)11,89,963
Avg Vol (1M)11,79,537
Stock P/E81.16
Book Value₹246.55
Dividend Yield56%
ROE7.17%
ROA5.54%
Revenue (TTM)—
Revenue Growth-9.82%
Profit Margin13.26%
Total Debt₹0 Cr
Shares Outstanding19 Cr
Face Value₹2
EPS (TTM)₹17.72
P/B2.47
Debt / Equity0.17
50 DMA₹538.22
200 DMA₹562.08
Day change+3.90%
Price Chart
₹608.45▲ 22.67% · 1Y
2025-11-242026-07-16
20-day avg volume: 12.3L shares
Pros
- Pays a dividend yield of 56.0%.
- Company is almost debt-free.
- Revenue grew 19% YoY.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 81.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 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)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
| EPS | 757.53 | 17.52 | -4.65 | 111.68 | 137.95 | 16.15 | 5.96 | 17.69 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
ROCE8%
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.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 55.8% | 55.8% | 55.8% | 55.8% | 55.8% | 55.8% | 55.8% | 55.8% | 55.8% | 56.1% | 56.3% | 56.3% |
| FIIs | 6.8% | 6.9% | 6.9% | 6.1% | 6.9% | 7.1% | 7.2% | 7.3% | 8% | 8.5% | 10.2% | 8.5% |
| DIIs | 6.5% | 8.1% | 10.4% | 13.1% | 12.8% | 12.1% | 11.6% | 11.6% | 12% | 12.1% | 8.6% | 9.3% |
| Public | 30.9% | 29.3% | 27% | 25.1% | 24.5% | 25.1% | 25.4% | 25.3% | 24.3% | 23.2% | 24.9% | 26% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 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 | 1,39,601 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Redrose Vanijya Llp | Shareholding of Promoter and Promoter Group | 29.5% | 5.68 Cr |
| Norbury Investments Limited | Shareholding of Promoter and Promoter Group | 13.9% | 2.68 Cr |
| Microlight Investments Ltd. | Shareholding of Promoter and Promoter Group | 12.1% | 2.33 Cr |
| Sbi Energy Opportunities Fund | Public Shareholding | 3.4% | 66,05,252 |
| Mekima Corporation | Public Shareholding | 2.3% | 44,11,586 |
| Bajaj Finserv Flexi Cap Fund | Public Shareholding | 2% | 37,81,062 |
| Bank Of India Elss Tax Saver | Public Shareholding | 1.2% | 23,39,518 |
| Rswm Limited | Shareholding of Promoter and Promoter Group | 0.8% | 15,91,955 |
| Rlj Family Trusteeship Pvt. Ltd. (trustee Of Ravi Jhunjhunwala Family Trust) | Shareholding of Promoter and Promoter Group | 0% | 2,500 |
| Lnj Leasing And Finance Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Lnj Realty Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rlj Family Trusteeship Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sklnj Family Trustee Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rrj Family Trustee Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Randr Trustee Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Riju Advisory And Consulting Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rj Family Consulting And Advisory Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rr Family Advisory And Consulting Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Proficio And Smart Consulting Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Lnj Textiles Advisory Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Lnj Spark Advisory Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Lnj Graphite Advisory Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Minds Overthetop Consultants Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Thriving Richness Advisory Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Proinsight Advisory Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Ravi Jhunjhunwala | 0 | 0% | 2026-06-30 |
| Rishabh Jhunjhunwala | 0 | 0% | 2026-06-30 |
| Rita Jhunjhunwala | 0 | 0% | 2026-06-30 |
| Riju Jhunjhunwala | 0 | 0% | 2026-06-30 |
| Lakshmi Niwas Jhunjhunwala | 0 | 0% | 2026-06-30 |
| Mani Devi Jhunjhunwala | 0 | 0% | 2026-06-30 |
| Nivedan Churiwal | 0 | 0% | 2026-06-30 |
| Shubha Churiwal | 0 | 0% | 2026-06-30 |
| Sudha Churiwal | 0 | 0% | 2026-06-30 |
| Shashi Agarwal | 0 | 0% | 2026-06-30 |
| Rajkumari Marodia | 0 | 0% | 2026-06-30 |
| Redrose Vanijya Llp | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Ravi Jhunjhunwala | CMD & Executive Director | 2026 |
| Riju Jhunjhunwala | Vice Chairman & Non executive | 2026 |
| Shekar Agarwal | Non Executive Director | 2026 |
| Manish Gulati | Executive Director | 2026 |
| Kamal Gupta | Non-Exec & Non-Independent Dir | 2026 |
| N G Khaitan | Independent Non Exe. Director | 2026 |
| Ramni Nirula | Independent Non Exe. Director | 2026 |
| Jayant Davar | Independent Non Exe. Director | 2026 |
| P S Dasgupta | Independent Non Exe. Director | 2026 |
| Sandip Somany | Independent Non Exe. Director | 2026 |
| VIVEK CHAUDHARY | Company Sec. & Compli. Officer | 2026 |
| L N Jhunjhunwala | Chairman Emeritus | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Graphite | ₹2,540 Cr | 98.9% |
| Power | ₹29 Cr | 1.1% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹847 Cr | 33% |
| Outside India | ₹1,722 Cr | 67% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 55 | 39 | 39 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-22 | Board Meetings | — |
| forthcoming | 2026-07-22 | Dividend (3.4/- per share) | Final |
| dividend | 2025-08-13 | ₹1.8 (90%) | Final |
| forthcoming | — | Book Closure | AGM |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 1,244 | 746 | 0 | 42 | 31 | 2,063 |
| 2026 | 1,242 | 737 | 0 | 2 | 7 | 1,987 |
| 2026 | 0 | 0 | 0 | 10 | 0 | 10 |
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
🌐 www.hegltd.com ↗
📍 Mandideep, Near Bhopal, Raisen, Madhya Pradesh, 462046
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