Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
HEG Limited (HEG.NS)
INR586.45
+20.00 (+3.53%)
IN NSE Industrials Electrical Equipment & Parts
Address
Bhilwara Towers, A-12 201301
Noida, UP, IN
Noida, UP, IN
CEO
Ravi Jhunjhunwala
Website
hegltd.com
IPO
2002-07-01
ISIN INE545A01024
Also trades on
Bombay Stock Exchange · HEG.BO (INR)
National Stock Exchange of India · HEG.NS (INR)
Description
HEG Limited manufactures and sells graphite electrodes in India and internationally. The company operates through two segments, Graphite Electrodes and Power Generation segments. It provides ultra-high power and high power electrodes; graphite electrodes and nipples; blocks and rounds; graphite and carbon specialties; mini-rods; flux and heat exchanger tubes; custom machined components; and activated carbon fabric products. The company operates thermal power plants and a hydroelectric power facility. HEG Limited was incorporated in 1972 and is headquartered in Noida, India.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
INR586.45
+20.00 (+3.53%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
2M
Beta
0.69
Float Shares
77.78M
Free Float %
40.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.49% | -0.75% | +5.37% | +11.01% | +13.10% | -5.34% | +27.47% | +145.85% | +36.22% | +1,694.98% | +12,738.04% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
586.45
DCF (Unlevered)
135.89
-76.8%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
5.82
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Electrical Equipment & Parts: +13.1%+19.8% ★ Q1'26: +14.5% (vs Q1'25)
-
EPS growth Electrical Equipment & Parts: +22.4%+196.8% ★ Q1'26: -54.5% (vs Q1'25)
-
FCF margin FCF growth · Electrical Equipment & Parts: +27.2%-7.8% Q1'26: +27.5% (vs Q1'25)
-
EBIT margin Electrical Equipment & Parts: +8.2%+7.9% Q1'26: -1.1% (vs Q1'25)
-
ROIC Electrical Equipment & Parts: +6.4%+3.5% Q1'26: -0.5% (vs Q1'25)
-
Share dilution Electrical Equipment & Parts: +0.0%0.0% ★ Q1'26: -0.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×1.91× Q1'26: 4.35× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2009 actual |
Mar 2012 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 2 Rev. Ana. 2 EPS Ana. |
Mar 2027 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 2 Rev. Ana. 2 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
10.29B
est: 11.46B (-10.2%)
|
14.24B
est: 14.79B (-3.7%)
|
16.17B
est: 17.20B (-6.0%)
|
14.59B
est: 14.90B (-2.1%)
|
12.27B
est: 13.88B (-11.6%)
|
8.70B
est: 9.50B (-8.5%)
|
8.33B
est: 8.57B (-2.8%)
|
26.64B
est: 26.29B (+1.3%)
|
64.36B
est: 69.36B (-7.2%)
|
21.02B
est: 22.26B (-5.6%)
|
12.34B
est: 12.99B (-5.0%)
|
21.73B
est: 24.58B (-11.6%)
|
24.35B
est: 25.08B (-2.9%)
|
23.80B
est: 22.95B (+3.7%)
|
21.44B
est: 23.56B (-9.0%)
|
27.65B
26.83B – 28.48B
+17.4% YoY
|
33.13B
32.93B – 33.33B
+19.8% YoY
|
41.07B
40.64B – 41.51B
+24.0% YoY
|
51.89B
51.58B – 52.21B
+26.3% YoY
|
| EBITDA |
2.55B
est: 2.45B (+4.0%)
|
1.66B
est: 3.10B (-46.5%)
|
2.52B
est: -94.23M (+2,769.3%)
|
2.42B
est: 569.89M (+325.3%)
|
1.96B
est: 684.62M (+186.4%)
|
1.41B
est: 199.88M (+603.2%)
|
870.45M
est: 431.60M (+101.7%)
|
17.33B
est: -310.73M (+5,676.7%)
|
47.67B
est: 58.91B (-19.1%)
|
1.38B
est: 16.23B (-91.5%)
|
608.21M
est: 2.77B (-78.1%)
|
6.46B
est: 5.25B (+23.2%)
|
8.05B
est: 2.96B (+172.1%)
|
6.05B
est: 5.64B (+7.4%)
|
3.92B
est: 5.79B (-32.2%)
|
6.79B
6.59B – 6.99B
+17.4% YoY
|
8.13B
8.09B – 8.18B
+19.8% YoY
|
10.09B
9.98B – 10.19B
+24.0% YoY
|
12.74B
12.67B – 12.82B
+26.3% YoY
|
| EBIT |
2.08B
est: 1.75B (+18.8%)
|
1.08B
est: 2.21B (-51.3%)
|
1.89B
est: 2.15B (-12.1%)
|
1.70B
est: 2.00B (-15.0%)
|
1.21B
est: 1.77B (-31.8%)
|
612.49M
est: 765.30M (-20.0%)
|
131.28M
est: 488.39M (-73.1%)
|
16.60B
est: 163.50M (+10,055.7%)
|
46.95B
est: 57.81B (-18.8%)
|
657.00M
est: 15.57B (-95.8%)
|
-121.35M
est: 1.98B (-106.1%)
|
5.67B
est: 3.75B (+51.3%)
|
7.03B
est: -1.39B (+605.0%)
|
4.31B
est: 4.13B (+4.4%)
|
1.92B
est: 4.24B (-54.7%)
|
4.98B
4.83B – 5.13B
+17.4% YoY
|
5.96B
5.93B – 6.00B
+19.8% YoY
|
7.39B
7.31B – 7.47B
+24.0% YoY
|
9.34B
9.28B – 9.40B
+26.3% YoY
|
| Net Income |
1.07B
est: 7.08B (-84.9%)
|
572.25M
est: 5.73B (-90.0%)
|
1.00B
est: 724.74M (+38.5%)
|
807.12M
est: 869.56M (-7.2%)
|
364.25M
est: 808.91M (-55.0%)
|
44.13M
est: 235.25M (-81.2%)
|
-440.84M
est: 39.81M (-1,207.4%)
|
10.99B
est: -974.64M (+1,227.9%)
|
30.26B
est: 38.88B (-22.2%)
|
676.30M
est: 10.24B (-93.4%)
|
-179.38M
est: 256.76M (-169.9%)
|
4.31B
est: 4.45B (-3.1%)
|
5.32B
est: 5.13B (+3.9%)
|
3.12B
est: 1.96B (+59.3%)
|
1.15B
est: 2.41B (-52.3%)
|
5.62B
4.48B – 6.99B
+133.2% YoY
|
5.33B
5.28B – 5.37B
-5.3% YoY
|
6.04B
5.10B – 7.87B
+13.5% YoY
|
7.14B
7.08B – 7.20B
+18.1% YoY
|
| SGA |
4.62B
est: 920.78M (+401.6%)
|
3.34B
est: 1.16B (+186.8%)
|
2.46B
est: 599.11M (+310.4%)
|
2.82B
est: 523.12M (+439.0%)
|
619.70M
est: 2.36B (-73.8%)
|
638.45M
est: 1.61B (-60.3%)
|
601.16M
est: 2.00B (-69.9%)
|
1.13B
est: 4.11B (-72.4%)
|
1.99B
est: 11.00B (-82.0%)
|
665.35M
est: 1.67B (-60.2%)
|
548.97M
est: 1.04B (-47.4%)
|
803.69M
est: 1.97B (-59.3%)
|
924.22M
est: 4.92B (-81.2%)
|
956.36M
est: 1.81B (-47.3%)
|
1.04B
est: 1.86B (-44.1%)
|
2.19B
2.12B – 2.25B
+17.4% YoY
|
2.62B
2.60B – 2.63B
+19.8% YoY
|
3.25B
3.21B – 3.28B
+24.0% YoY
|
4.10B
4.08B – 4.13B
+26.3% YoY
|
| EPS |
4.87
est: 36.66 (-86.7%)
|
2.82
est: 29.24 (-90.4%)
|
5.03
est: 33.34 (-84.9%)
|
4.04
est: 22.84 (-82.3%)
|
1.82
est: 3.42 (-46.8%)
|
0.22
est: 5.00 (-95.6%)
|
-2.21
est: 1.67 (-232.3%)
|
55.02
est: 49.09 (+12.1%)
|
151.51
est: 162.36 (-6.7%)
|
3.50
est: 20.47 (-82.9%)
|
-0.93
est: 1.33 (-169.9%)
|
22.34
est: 23.04 (-3.0%)
|
27.59
est: 24.41 (+13.0%)
|
16.15
est: 10.14 (+59.3%)
|
5.96
est: 12.50 (-52.3%)
|
29.72
23.23 – 36.22
+137.8% YoY
|
27.60
27.39 – 27.82
-7.1% YoY
|
33.60
26.41 – 40.78
+21.7% YoY
|
37.00
36.71 – 37.29
+10.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | B | 3/5 | 1/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-08 | B | 3/5 | 1/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-07 | B | 3/5 | 1/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-06 | B | 3/5 | 1/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-05 | B | 3/5 | 1/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-04 | B | 3/5 | 1/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-04-30 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.51B
OE per share TTM
13.02
Owner's Yield
2.20%
Maintenance CapEx ratio
15.62%
Maint CapEx / Avg PPE
74.5%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 5 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree India Earnings Fund EPI | 0.06% | 1.22M | 0.84% |
| 2 | State Street SPDR S&P Emerging Asia Pacific ETF GMF | 0.05% | 220.7K | 0.49% |
| 3 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.04% | 313.9K | 0.65% |
| 4 | State Street SPDR Portfolio Emerging Markets ETF SPEM | 0.01% | 1.47M | 0.07% |
| 5 | State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM | 0.00% | 35.9K | 0.09% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
1.81M
Shares Outstanding
192.98M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ravi Jhunjhunwala | Chairman, MD & Chief Executive Officer | 110M | male |
| Manish Gulati | Chief Sustainability Officer & Whole Time Executive Director | 30M | male |
| Om Prakash Ajmera | Group Chief Financial Officer | — | male |
| Puneet Anand | President & Group Chief Strategy Officer | — | male |
| Ravi Kant Tripathi | Chief Financial Officer | — | male |
| Salil Bawa | President of Investor Relations | — | male |
| Virendra Srivastava | Vice President of Operations | — | male |
| Ashish Gaur | Deputy General Manager of Marketing | — | male |
| Vivek Chaudhary | Compliance Officer & Company Secretary | — | male |
| Axay Saxena | General Manager of HR & IR | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for HEG.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
