Overview Fundamentals Financials Technicals Corporate Action Shareholding Pattern Peer Comparison Volume Analysis Mutual Funds Invested News Stock Analysis About Company FAQs
NSE: HEG Small Cap ISIN: INE545A01024
As on 13 June 2026 at 01:06 IST
As on 13 June 2026 at 01:06 IST
524.30
+ 12.30
(2.40%)

HEG Q1 FY26 Results:

Profit for the period increased 354.60% to ₹104.83 crores in Q1 FY26, from ₹23.04 crores in Q1 FY25. Total income for the quarter increased 15.51% year-on-year to ₹683.85 crores from ₹591.90 crores.

About HEG Ltd

HEG Ltd is one of the largest manufacturers of graphite electrodes in India and globally. The company was established in the year 1977. Over many decades, it has become a leading integrated graphite electrode producer. HEG is headquartered in Noida, Uttar Pradesh, India. However, its main manufacturing facility is in Mandideep, Madhya Pradesh. The company produces Ultra High Power (UHP), High Power (H.P.), and Regular Power (R.P.) graphite electrodes. It also operates a 13.5 MW hydroelectric project. Operating in the graphite and carbon sector, HEG serves electric arc furnace steel producers worldwide. +

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Over 1 Month
-13.43%
Over 6 Months
-3.98%
Over 1 Year
-0.59%
Over 3 Years
84.66%

HEG Ltd Summary

Close ₹512
Open ₹516.50
High ₹517.65
Low ₹505
Volume 6,86,010
Net Turnover (in Cr) ₹35.02
52Wk High ₹690
52Wk Low ₹459.80
52Wk High / Low
459.80
690

HEG Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹9,880.45
EPS (TTM) 9.36
Book Value (BV) 222.99
Div. Yield 0.66 %
P/E (TTM) 54.66
Price/Book Value 2.29
Delivery % 39.38 %
Face Value 2

Key Ratios

PE Ratio 92.13
PB Ratio 2.24
EV to Sales 4.55
PEG Ratio -1.01
ROA 2.13
ROE 3.40
Debt-Equity 0.15
Net Profit Margin 6.55
Operating Profit Margin 20.78

HEG Ltd Financials

Profit and Loss

Particulars (in ₹ Cr.)FY 2025FY 2024FY 2023FY 2022FY 2021
Total Revenue2,287.262,536.572,576.382,281.161,369.14
Total Expenses2,144.372,222.861,977.151,761.161,399.89
Profit Before Tax160.37395.38677.37560.46-23.40
Profit After Tax115.06311.68532.41431.04-17.94
Operating Profit After Depreciation182.09349.45625.23527.48-19.39

Balance Sheet

Particulars (in ₹ Cr.)FY 2025FY 2024FY 2023FY 2022FY 2021
Fixed Assets1,932.311,808.741,355.50755.17690.80
Total Non Current Assets3,191.613,071.532,839.502,300.912,170.53
Total Current Assets2,456.552,629.832,852.463,007.032,073.63
Total Assets5,648.165,701.375,691.965,307.944,244.17
Total Shareholder's Fund4,453.774,425.944,280.943,913.633,495.07

Cash Flow

Particulars (in ₹ Cr.)FY 2025FY 2024FY 2023FY 2022FY 2021
Net Cash From Operating Activities279.71612.22113.32-140.61715.79
Net Cash Used In Investing Activities-206.85-184.34-21.11-183.36-417.40
Net Cash Used In Financing Activities-159.15-324.12-99.96343.63-309.82

Profit and Loss

Particulars (in ₹ Cr.)FY 2025FY 2024FY 2023FY 2022FY 2021
Total Revenue2,279.392,536.572,576.382,281.161,369.14
Total Expenses2,131.572,221.331,975.901,761.161,399.89
Profit Before Tax147.81315.24600.48520-30.76
Profit After Tax101.31231.54455.51390.58-25.30
Operating Profit After Depreciation187.01350.98626.48527.48-19.39

Balance Sheet

Particulars (in ₹ Cr.)FY 2025FY 2024FY 2023FY 2022FY 2021
Fixed Assets1,894.831,775.581,355.50755.17690.80
Total Non Current Assets2,980.312,816.872,644.522,163.992,074.09
Total Current Assets2,365.512,599.992,843.633,007.032,073.63
Total Assets5,345.825,416.865,488.155,171.024,147.72
Total Shareholder's Fund4,159.534,145.084,077.223,776.713,398.63

Cash Flow

Particulars (in ₹ Cr.)FY 2025FY 2024FY 2023FY 2022FY 2021
Net Cash From Operating Activities319614.85114.48-140.61715.79
Net Cash Used In Investing Activities-246.37-205.02-31.11-183.36-417.40
Net Cash Used In Financing Activities-159.14-324.12-99.96343.63-309.82

Particulars (in ₹ Cr.)2026-032025-122025-092025-062025-03
Total Revenue603.21655.67699.22616.93536.58
Total Expenses751.50513.42580.87511.50602.65
Profit Before Tax-139.91246.09175.23127.46-84.60
Profit After Tax-113.77206.97143.33104.83-73.67
Operating Profit after Depreciation-76.60309.35237.90188.69-18.05

Particulars (in ₹ Cr.)2026-032025-122025-092025-062025-03
Total Revenue603.21655.66696.85612.78536.58
Total Expenses745.64512.84578.28506.84585.25
Profit Before Tax-189.01180.10162.8992.42-71.60
Profit After Tax-163.19141.25130.8671.80-61.68
Operating Profit after Depreciation-125.70243.36225.53153.62-5.04

HEG Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3
S1 505.45
S2 498.90
S3 492.80
Pivot 511.55
R1 518.10
R2 524.20
R3 530.75

Moving Average

20 SMA 568.21
50 SMA 588.52
100 SMA 563.10
200 SMA 546.50

HEG Ltd Corporate Actions

HEG Ltd

₹1.8/Share

Announcement Date 13 Aug 2025
Record Date 13 Aug 2025
Div Yield 90%

HEG Ltd Peer Comparison

CompanyPriceMarket Cap (in Cr)
Cummins India Ltd₹5,552.40₹1,53,912.53
Tube Investments of India Ltd₹2,975.30₹57,590.59
APL Apollo Tubes Ltd₹1,762.60₹48,940.07
Welspun Corp Ltd₹1,388.05₹36,615.46
Kirloskar Oil Engines Ltd₹1,797.50₹26,132.05

HEG Ltd Top Mutal Funds Invested

HEG Ltd News

TACC to collaborate with NUS I-FIM for next-gen advanced materials technologies

02 Jun 2026, 02:27 pm

HEG plunges after net loss widens to Rs 114 cr in Q4 FY26

HEG tumbled 10.69% to Rs 587.75 after the company's consolidated net loss widened to Rs 113.77 crore in Q4 FY26 compared with net loss of Rs 73.67 crore in Q4 FY25.

30 Apr 2026, 01:21 pm

Board of HEG recommends final dividend

Of Rs 3.4 per share

30 Apr 2026, 09:49 am

HEG to conduct board meeting

On 29 April 2026

04 Apr 2026, 09:44 am

HEG to conduct EGM

On 5 May 2026

03 Apr 2026, 02:40 pm

HEG Ltd Stock Analysis

  1. Annual revenue for HEG Ltd decreased by 10.14% to ₹2,279.39 crore in FY 2025 from ₹2,536.57 crore in FY 2024.
  2. Annual Net Profit for HEG Ltd decreased by 56.24% to ₹101.31 crore in FY 2025 from ₹231.54 crore in FY 2024.
  3. Promoter Shareholding in HEG Ltd increased by 0.27% in the most recent quarter, from 56.13% in December 2025 to 56.28% in March 2026.
  4. HEG Ltd delivered a 1-year return of -0.59% compared to the Nifty 50, which provided a return of -7.87% as of the last trading session.
  5. HEG Ltd share price moved up by 2.40% from its previous close of INR ₹512. The latest HEG Ltd share price is INR ₹524.30.
  6. HEG Ltd share price today has been at a low of 519.90 and a high of 529.80. Over the past 52 weeks, the HEG Ltd share price has seen a low of 459.80 and a high of 690.

About HEG Ltd

H.E.G. Ltd is one of the largest manufacturers of graphite electrodes in India. The company operates in the graphite and carbon sector, specifically in manufacturing graphite electrodes and power generation through its hydroelectric project.
Established in 1977, H.E.G. has been in operation for many decades. The company's headquarters is located in Noida, Uttar Pradesh. Its main manufacturing facility is situated in Mandideep, Madhya Pradesh.
The L.N.J. Bhilwara Group promotes the company led by the Bhilwara family. Ravi Jhunjhunwala serves as the Chairman, Managing Director & C.E.O. The promoter shareholding stands at 55.78%. This indicates strong promoter commitment to the business. Among the total stake, Norbury Investments Ltd. and Microlight Investments Ltd. own the highest 13.90% and 12.09% shareholding. The crucial managerial promoter of the company include:
  • L N Jhunjhunwala
  • Riju Jhunjhunwala
  • Manish Gulati
  • Vinita Singhania
H.E.G.'s main products include Ultra High Power (UHP) Graphite Electrodes and High Power (H.P.) Graphite Electrodes. It also offers Regular Power (R.P.) Graphite Electrodes and Power generation through its 13.5 MW hydroelectric project.
The company's registered office is in Mandideep (Near Bhopal), Dist. Raisen - 462046, Madhya Pradesh. Its registrar & transfer agent is M.C.S. Share Transfer Agent Limited.
The company has established itself as a leading player in the global graphite electrode industry. It is serving electric arc furnace steel producers worldwide. Its state-of-the-art manufacturing facility and focus on quality have made it a preferred supplier to significant steel manufacturers globally.

The Success of the Company

H.E.G. Ltd's journey from a modest beginning to becoming one of the world's leading graphite electrode manufacturers. This represents a remarkable success story in Indian manufacturing. The company's strategic vision, technological excellence, and market adaptability have been critical factors in establishing its position as a global leader in the graphite electrode industry.
Manufacturing Excellence The company's success largely stems from its world-class manufacturing facility in Mandideep. The plant's 80,000 MT annual capacity makes it one of the largest integrated graphite electrode manufacturing facilities globally. H.E.G. has consistently invested in modernizing its facilities and upgrading technology. This enables it to produce ultra-high-power grade electrodes that meet the most demanding international standards. This manufacturing process has been crucial in winning and retaining global customers.
Quality and Product Innovation H.E.G.'s commitment to quality has been a cornerstone of its success. The company maintains stringent quality control measures throughout its production process. This helped it to earn various international certifications. Its research and development efforts have led to continuous improvements in product quality and performance, particularly in developing superior grades of UHP electrodes. This focus on quality has helped H.E.G. establish long-term relationships with premium steel manufacturers worldwide.
Market Leadership The company's success in capturing significant domestic and international market share demonstrates its competitive strength. H.E.G. has successfully positioned itself as a reliable supplier to electric arc furnace steel producers across several countries. Its ability to maintain consistent quality while meeting large volume requirements has made it a preferred vendor for major steel manufacturers globally.
Financial Performance H.E.G.'s financial success is reflected in its strong balance sheet and consistent performance over the years. The company has maintained healthy profit margins through efficient cost management and optimal capacity utilization. Its strategic decision to remain debt-light while continuing investments in capacity expansion and technology upgradation has contributed to its financial stability.
Export Excellence A significant part of H.E.G.'s success story is its strong export performance. The company exports a major part of its production to international markets. This contributes significantly to India's foreign exchange earnings. Its success in competing with global players in international markets has established India's capabilities in manufacturing high-tech products.
Sustainable Practices The company's success extends to its environmental initiatives. H.E.G. has successfully integrated sustainable practices into its operations. This commitment to sustainability has reduced operational costs and aligned the company with global environmental standards, enhancing its appeal to environmentally conscious customers.
Market Adaptability H.E.G.'s success in navigating market cycles demonstrates its adaptability. The company has successfully managed through various industry cycles by maintaining operational flexibility and financial prudence. Its ability to scale production based on market demand while maintaining quality standards has been crucial to its sustained success.
H.E.G. Ltd's success story is a testament to the power of focused strategy, technological excellence, and consistent execution. From its manufacturing excellence to its global market presence, the company has demonstrated how Indian manufacturers can compete successfully in the global market. Its commitment to quality, sustainability, and innovation continues to drive its growth trajectory. As the steel industry evolves and demand for graphite electrodes grows, H.E.G.'s strong foundation and market leadership position it well for continued success in the future. The company serves as an inspiring example of how Indian manufacturing companies can achieve global leadership through strategic vision, operational excellence, and sustainable practices.

FAQ’s

What is the share price of HEG Ltd today?

HEG Ltd share price as on 12 Jun 2026 is ₹ 524.3

What is the Market Cap of HEG Ltd?

The market cap of HEG Ltd stock is ₹9,880.45 Cr.

What is the PE Ratio of HEG Ltd?

The Price to Earnings (P/E) Ratio of HEG Ltd is 92.13

What is the PB Ratio of HEG Ltd?

The Price to Book (P/B) Ratio of HEG Ltd is 2.24

What is the 52 week high of HEG Ltd Share Price?

The 52 week high of HEG Ltd share price stands at ₹690

What is the 52 week low of HEG Ltd Share Price?

The 52 week low of HEG Ltd share price stands at ₹459.80

How can I buy shares of HEG Ltd?

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