NSE HEG · BSE 509631 · Electronic Instr. & Controls · NIFTY 500
HEG Share Price
HEG Overview
Where the price stands, how it has moved and how it sits against its averages.
HEG shares last traded at ₹239.50 on the NSE, up 1.53% on the day. That is 13.9% below the 52-week high of ₹278.20 and 40.0% above the 52-week low of ₹171.09. The stock trades at 10.02× earnings, below the sector average of 42.93. Its market value is ₹4,622 Cr.
Price returns
Against the market: 1 Month ▼ −2.99% · 3 Months ▲ +32.77% · 6 Months ▲ +33.99% · This year ▲ +22.33% · 1 Year ▲ +40.21%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 2 of 6
- 50-day average₹578.48 ▼ price 58.6% below
- 100-day average₹568.52 ▼ price 57.9% below
- 300-day average₹563.08 ▼ price 57.5% below
- 20-day average₹455.68 ▼ price 47.4% below
- Today's price₹239.50
- 10-day average₹237.16 ▲ price 1.0% above
- 5-day average₹236.31 ▲ price 1.3% above
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
HEG Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹2,569 Cr | ▲ +19.3% | ₹341 Cr | 13.3% | ₹17.51 | ₹3.40 |
| FY 2025 | ₹2,153 Cr | ▼ −10.1% | ₹115 Cr | 5.3% | ₹6.15 | ₹1.80 |
| FY 2024 | ₹2,395 Cr | ▼ −2.9% | ₹312 Cr | 13.0% | ₹16.15 | ₹4.50 |
| FY 2023 | ₹2,467 Cr | ▲ +12.1% | ₹532 Cr | 21.6% | ₹27.59 | ₹8.50 |
| FY 2022 | ₹2,202 Cr | ▲ +75.3% | ₹431 Cr | 19.6% | ₹22.34 | ₹8.00 |
| FY 2021 | ₹1,256 Cr | — | −₹18 Cr | −1.4% | −₹0.93 | ₹0.60 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹681 Cr | ▲ +14.2% | ₹122 Cr | 18.0% | ₹6.34 |
| Q4 FY26 | ₹596 Cr | ▼ −9.2% | −₹114 Cr | −19.1% | −₹6.07 |
| Q3 FY26 | ₹656 Cr | ▼ −6.1% | ₹207 Cr | 31.5% | ₹10.72 |
| Q2 FY26 | ₹699 Cr | ▲ +13.3% | ₹143 Cr | 20.5% | ₹7.43 |
| Q1 FY26 | ₹617 Cr | — | ₹105 Cr | 17.0% | ₹5.43 |
Balance sheet — FY26
- Total assets₹6,166 Cr
- Total liabilities₹1,408 Cr
- Shareholders' equity₹4,758 Cr
- Total debt₹796 Cr
- Cash & investments₹637 Cr
- Current ratio2.21×
- Revenue growth, 5 yr15.38% a year
- Operating margin (TTM)8.88%
- Net margin (TTM)13.50%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY21–FY26
| ₹ crore | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Total revenue | 1,256.23 | 2,201.61 | 2,467.24 | 2,394.90 | 2,152.71 | 2,568.50 |
| Cost of revenue | 1,043.02 | 1,263.82 | 1,419.67 | 1,625.23 | 1,407.42 | 1,618.77 |
| Gross profit | 213.21 | 937.79 | 1,047.56 | 769.68 | 745.29 | 949.74 |
| Operating expenses | 1,381.43 | 1,749.54 | 1,949.37 | 2,185.67 | 2,010.81 | 2,361.82 |
| Operating income | −125.20 | 452.07 | 517.87 | 209.23 | 141.90 | 206.69 |
| Depreciation | 72.96 | 78.91 | 101.94 | 174.31 | 200.22 | 212.89 |
| Profit before tax | −30.76 | 560.46 | 677.37 | 395.38 | 165.10 | 404.38 |
| Tax | −5.46 | 129.41 | 144.96 | 83.70 | 46.50 | 66.41 |
| Net profit | −17.94 | 431.04 | 532.41 | 311.68 | 115.06 | 341.37 |
| EPS (₹) | −0.93 | 22.34 | 27.59 | 16.15 | 6.15 | 17.51 |
| Dividend per share (₹) | 0.60 | 8.00 | 8.50 | 4.50 | 1.80 | 3.40 |
| ₹ crore | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Total assets | 4,244.17 | 5,307.94 | 5,691.96 | 5,701.37 | 5,648.16 | 6,165.76 |
| Current assets | 2,073.63 | 3,007.03 | 2,852.46 | 2,629.83 | 2,456.55 | 2,893.35 |
| Cash & short-term investments | 1,052.45 | 1,246.32 | 767.29 | 711.97 | 521.12 | 636.50 |
| Inventory | 580.61 | 977.81 | 1,440.12 | 1,194.15 | 1,254.64 | 1,133.74 |
| Property, plant & equipment | 1,063.86 | 1,451.14 | 1,827.17 | 2,019.78 | 2,000.58 | 2,003.96 |
| Total liabilities | 749.09 | 1,394.31 | 1,411.02 | 1,275.42 | 1,194.39 | 1,407.84 |
| Current liabilities | 644.03 | 1,287.09 | 1,316.09 | 1,167.56 | 1,085.49 | 1,310.02 |
| Total debt | 298.06 | 664.68 | 742.57 | 622.68 | 587.67 | 796.02 |
| Total equity | 3,495.07 | 3,913.63 | 4,280.94 | 4,425.94 | 4,453.77 | 4,757.92 |
| ₹ crore | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| From operations | 715.79 | −140.61 | 113.32 | 612.22 | 281.31 | 213.20 |
| From investing | −417.40 | −183.36 | −21.11 | −184.33 | −208.45 | −320.26 |
| From financing | −309.82 | 343.63 | −99.96 | −324.12 | −159.15 | 96.89 |
| Capital expenditure | −256.06 | −359.53 | −479.74 | −371.52 | −182.23 | −252.68 |
| Dividends paid | 0.00 | −12.09 | −153.84 | −163.50 | −87.25 | −36.68 |
| Net change in cash | −11.43 | 19.66 | −7.75 | 103.76 | −86.29 | −10.18 |
What Analysts Say
Recommendations from 3 analysts who cover HEG.
▲ 3 bullish (100.0%) · 0 hold (0.0%) · ▼ 0 bearish (0.0%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | — |
| Buy | 0 | 0 | 1 | 1 | 1 | ▲ +1 |
| Hold | 0 | 0 | 0 | 0 | 0 | — |
| Sell | 0 | 0 | 0 | 0 | 0 | — |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | — |
Analyst ratings are opinions, not a guarantee of returns.
HEG vs Peers
Side by side with other electronic instr. & controls companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| HEG | ₹239.50 | ▲ +1.53% | ₹4,622 Cr | 10.02 | 0.95 | 8.17% | 13.50% | 1.45% | This stock |
| ABB India | ₹7,050.00 | ▼ −0.91% | ₹1,49,193 Cr | 95.20 | 20.30 | 22.90% | 11.62% | 0.52% | Moderately Bearish |
| Hitachi Energy India | ₹30,905.00 | ▲ +0.33% | ₹1,37,751 Cr | 139.01 | 27.62 | — | 12.12% | 0.02% | Moderately Bearish |
| CG Power and Industrial Solutions | ₹879.65 | ▼ −0.72% | ₹1,38,584 Cr | 114.78 | 17.88 | 32.91% | 9.64% | 0.18% | Moderately Bearish |
| Polycab India | ₹8,368.45 | ▼ −0.49% | ₹1,26,106 Cr | 49.98 | 11.11 | 22.25% | 9.32% | 0.53% | Neutral |
| Siemens | ₹3,836.50 | ▼ −0.42% | ₹1,36,626 Cr | — | 9.41 | — | 8.53% | 0.33% | Neutral |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
HEG Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 0.97× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 104 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield1.45%
- Payout ratio19.41%
- 5-year average dividend₹5.24 a share
- Latest dividend₹3.40 per share · 22 Jul 2026
Corporate calendar
- MeetingAnnual General Meeting
- Dividend₹3.40 per share · 170% · Final dividend
- BoardQuarterly Results
- MeetingCOM
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- BoardQuarterly Results
- MeetingAnnual General Meeting
Show 13 older events
- Dividend₹1.80 per share · 90% · Final dividend
- BoardQuarterly Results
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardQuarterly Results
- SplitStock split — face value ₹10 → ₹2
- MeetingPostal Ballot
- MeetingAnnual General Meeting
- Dividend₹22.50 per share · 225% · Final dividend
- Dividend₹42.50 per share · 425% · Final dividend
- Dividend₹40.00 per share · 400% · Final dividend
- Dividend₹3.00 per share · 30% · Final dividend
About HEG
Electronic Instr. & Controls
HEG Limited is an India-based manufacturer and exporter of graphite electrodes in India and operates a single-site integrated graphite electrodes plant. It also operates thermal and hydro power generation facilities with a total capacity of about 76.5 megawatts (MW). The Company's segments include Graphite electrodes and Power. The Graphite segment comprises the manufacturing of graphite electrodes and has facilities for production of graphite electrodes and graphite specialties. The Power Segment comprises of generation of power for sale. Also it comprised of two Thermal Power Plants having total capacity of 63 MW at Mandideep, Bhopal (Madhya Pradesh) and a Hydro Power Plant having capacity of 13.5 MW at Tawa Nagar, District Hoshangabad (Madhya Pradesh). Its wholly owned subsidiary, TACC Limited, HEG Graphite Limited, Bhilwara Infotechnology Limited.
Key people
- Ravi JhunjhunwalaExecutive Chairman of the Board, Chief Executive Officer, Managing Director
- Puneet AnandPresident and Group Chief Strategy Office
- Ravi Kant TripathiChief Financial Officer
- Vivek ChaudharyCompliance Officer, Company Secretary
- Manish GulatiExecutive Director, Chief Sustainability Officer
Company facts
- NSE symbolHEG
- BSE code509631
- ISININE545A01024
- IndustryElectronic Instr. & Controls
- IndexNIFTY 500
- Market cap₹4,622 Cr
- Revenue (FY26)₹2,569 Cr
- Net profit (FY26)₹341 Cr
In the News
Recent headlines about HEG — they open on Mint in a new tab.
- HEG Advanced Materials share price rises on new order from Indus Towers | Do you own?
HEG Advanced Materials shares opened at ₹243.85 apiece today, as compared to previous close of ₹237.05 last week on Friday.
21 Sep 2026 · 1 min read · Mint ↗ - Graphite India share price soars 18% to touch 52-week high; here’s what’s behind the sudden rally
Graphite India shares soared 18%, reaching a 52-week high, following GrafTech International's announcement of a 30% price increase. Analysts see this as a potential sign of a recovery in global electrode prices, benefiting Indian manufacturers like Graphite India, enhancing earnings visibility.
9 Sep 2026 · 2 min read · Mint ↗ - HEG demerger news | Stock zooms 5% on record date — what's next for investors?
HEG's demerger creates two entities: HEG Graphite and HEG Advanced Materials. Each shareholder receives a share in HEG Graphite for every HEG share held. Emkay assesses a combined value of over ₹18,000 crore post-demerger, indicating a 30% value unlock.
7 Sep 2026 · 4 min read · Mint ↗ - HEG share price falls over 64% to ₹260: Don’t panic! Here’s what actually happened
On September 7, HEG Ltd's stock plummeted approximately 64%, attributed to a demerger restructuring rather than a value loss. Investors will receive new shares in HEG Graphite Limited at a 1:1 ratio, mitigating the apparent market loss.
7 Sep 2026 · 2 min read · Mint ↗ - HEG demerger news: Record date today | Ratio, latest updates, other details in 5 points
Under the demerger scheme, the graphite electrode business will be transferred to a separate entity, HEG Graphite Limited.
7 Sep 2026 · 2 min read · Mint ↗ - HEG receives NCLT approval for demerger scheme; shareholders to get 1:1 shares in HEG Graphite
HEG has received approval from the NCLT for its demerger plan, creating two independent companies. Shareholders will receive one HEG Graphite share for each HEG share. The restructuring aims to offer differentiated exposure to graphite electrodes and advanced materials, enhancing long-term value.
19 Aug 2026 · 2 min read · Mint ↗ - Stock market today: Gift Nifty hints positive start; eight day trading stocks to buy on Tuesday, 7 July
Indian benchmark indices are expected to open positively on Tuesday, following gains in the US market. The Sensex rose 521.16 points, while the Nifty 50 gained 159.50 points. Despite mixed Asian trends, foreign institutional buying supports the market amid easing geopolitical tensions.
7 Jul 2026 · 4 min read · Mint ↗ - Raja Venkatraman, MarketSmith recommend five stocks for 20 April
Sensex and Nifty 50 saw gains of 0.65% on April 17, fueled by improved global sentiment. Despite positive market movements, analysts caution about potential volatility due to geopolitical developments and rising crude oil prices impacting investor sentiment.
20 Apr 2026 · 5 min read · Mint ↗
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