HEG
HEG Limited (HEG) Stock Analysis
HEG Limited is a leading Indian manufacturer of graphite electrodes for steel production. It operates among the world's largest electrode plants serving EAF steel mills globally. The company is sensitive to global steel and electrode cycles. It is listed on Indian stock exchanges.
Industrials › Electrical Equipment & Parts
₹248.50
-4.33% 1W | -52.50% 52W
Market Cap
4.8k CR
P/E Ratio
13.3
52W High
₹753.9
52W Low
₹214.1
Div. Yield
0.01%
Beta
0.7
50 DMA
₹544.2
200 DMA
₹557.6
Profit Margin
13.6%
Inst. Own.
6.9%
📊 ANALYZING TREND
🚀 BREAKOUT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 671 | 614 | 562 | 547 | 571 | 568 | 478 | 537 | 613 | 699 | 656 | 603 | 681 |
| Expenses | 520 | 512 | 476 | 506 | 533 | 471 | 411 | 598 | 507 | 581 | 513 | 752 | 530 |
| Operating Profit | 151 | 102 | 87 | 41 | 39 | 97 | 67 | -61 | 106 | 118 | 143 | -148 | 151 |
| OPM % | 23% | 17% | 15% | 8% | 7% | 17% | 14% | -11% | 17% | 17% | 22% | -25% | 22% |
| Other Income | 68 | 63 | 30 | 64 | 41 | 63 | 112 | 43 | 82 | 120 | 167 | 72 | 74 |
| Interest | 9 | 9 | 10 | 9 | 8 | 9 | 9 | 12 | 8 | 9 | 9 | 11 | 10 |
| Depreciation | 38 | 38 | 47 | 50 | 48 | 48 | 51 | 55 | 53 | 54 | 54 | 53 | 50 |
| Profit before tax | 172 | 118 | 59 | 46 | 24 | 103 | 119 | -85 | 126 | 175 | 246 | -140 | 165 |
| Tax % | 19% | 18% | 27% | 29% | 3% | 20% | 30% | -13% | 17% | 18% | 16% | -19% | 26% |
| Net Profit | 139 | 96 | 44 | 33 | 23 | 82 | 83 | -74 | 105 | 143 | 207 | -114 | 122 |
| EPS in Rs | 7.21 | 4.97 | 2.26 | 1.71 | 1.19 | 4.26 | 4.32 | -3.82 | 5.43 | 7.43 | 10.72 | -5.89 | 6.34 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,228 | 870 | 859 | 2,748 | 6,591 | 2,145 | 1,254 | 2,201 | 2,463 | 2,393 | 2,151 | 2,568 | 2,639 |
| Expenses | 1,046 | 733 | 778 | 1,027 | 1,930 | 2,150 | 1,308 | 1,670 | 1,844 | 2,011 | 1,891 | 2,169 | 2,376 |
| Operating Profit | 182 | 137 | 81 | 1,721 | 4,662 | -5 | -53 | 530 | 619 | 382 | 260 | 399 | 263 |
| OPM % | 15% | 16% | 9% | 63% | 71% | -0.2% | -4.2% | 24% | 25% | 16% | 12% | 16% | 10% |
| Other Income | 15 | 4 | 7 | 12 | 106 | 143 | 114 | 117 | 187 | 223 | 141 | 259 | 432 |
| Interest | 77 | 60 | 55 | 56 | 18 | 37 | 11 | 7 | 26 | 36 | 39 | 37 | 39 |
| Depreciation | 75 | 79 | 74 | 73 | 72 | 72 | 73 | 79 | 102 | 175 | 201 | 213 | 210 |
| Profit before tax | 44 | 1 | -41 | 1,605 | 4,677 | 29 | -23 | 560 | 677 | 395 | 162 | 408 | 446 |
| Tax % | 12% | 886% | 23% | 33% | 35% | -82% | -23% | 23% | 21% | 21% | 29% | 16% | |
| Net Profit | 36 | 4 | -44 | 1,099 | 3,026 | 68 | -18 | 431 | 532 | 312 | 115 | 341 | 359 |
| EPS in Rs | 1.82 | 0.22 | -2.20 | 54.97 | 156.80 | 3.50 | -0.93 | 22.33 | 27.59 | 16.15 | 5.96 | 17.69 | 18.60 |
| Dividend Payout % | 33% | 0% | 0% | 29% | 10% | 143% | -65% | 36% | 31% | 28% | 30% | 19% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 1.0% | 15.0% | 11.0% |
| Profit CAGR | -14.0% | 46.0% | 63.0% |
Shareholding Pattern
Promoters55.77%
FIIs7.29%
DIIs11.60%
Public25.33%
Promoters55.77%
FIIs7.97%
DIIs11.99%
Public24.27%
Promoters56.13%
FIIs8.52%
DIIs12.15%
Public23.20%
Promoters56.27%
FIIs10.23%
DIIs8.63%
Public24.86%
Promoters56.27%
FIIs8.47%
DIIs9.27%
Public25.97%
Promoters55.77%
FIIs6.25%
DIIs6.26%
Public31.71%
Promoters55.77%
FIIs6.86%
DIIs10.38%
Public26.98%
Promoters55.77%
FIIs7.18%
DIIs11.65%
Public25.38%
Promoters56.27%
FIIs10.23%
DIIs8.63%
Public24.86%
Promoters56.27%
FIIs8.47%
DIIs9.27%
Public25.97%
HEG
Holdings Analysis
Key strengths & risk signals
55
Overall
42
Fundamental
68
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
POOR YEAR! Stock declined 52.5% in the last year.
WEAK POSITION! Current price (248.5) is below both moving averages.
WEAK! Trading at 6.4% of 52W range - near yearly lows.
Strengths (4)
MODERATE STABILITY! 2 revenue dips in history. Acceptable but monitor closely.
BREAKOUT! Stock has broken above resistance levels with momentum.
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 2,143,185 vs down days: 1,410,627. Ratio: 1.52x
OVERSOLD! RSI at 26.4 - potential bounce opportunity.
Fundamental & Technical Analysis
55Overall
42Fundamental
68Technical
Fundamental Breakdown
Growth Quality
7/30
Revenue CAGR: 1.6% (SLOW, 5/15). Profit CAGR: -13.8% (DECLINING, 2/15).
Profit Margin
5/10
DECENT EFFICIENCY! 13.6% profit margin - acceptable profitability.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.01% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 30.07% public ownership - moderate retail influence.
Stability Index
6/10
MODERATE STABILITY! 2 revenue dips in history. Acceptable but monitor closely.
Technical Breakdown
Moving Averages
3/10
BEARISH TREND! 50-day average (544.2) is below 200-day average (557.6) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (248.5) is below both moving averages.
Trend Pattern
20/20
BREAKOUT! Stock has broken above resistance levels with momentum.
52W Performance
0/10
POOR YEAR! Stock declined 52.5% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 2,143,185 vs down days: 1,410,627. Ratio: 1.52x
RSI
5/5
OVERSOLD! RSI at 26.4 - potential bounce opportunity.
52W Range
1/5
WEAK! Trading at 6.4% of 52W range - near yearly lows.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -4.3% (1 week), 0.7% (1 month), -61.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
HEG
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-07-28 | Concall PDF | |
| Q3FY262026-02-16 | Concall PDF | |
| Q2FY262026-01-23 | Concall PDF |
Peer Comparison
Industrials · Electrical Equipment & Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HEG | ₹248.50 | 13.3 | 13.6% | 1.6% | -13.8% | -52.5% | 55 | BREAKOUT | +16.7% | -207.5% | +11.1% | +12.9% |
| SHILCTECH | ₹3,769.80 | 31.4 | 21.8% | 32.5% | 54.2% | -6.3% | 61 | BREAKDOWN | -49.6% | -26.4% | -15.2% | -11.2% |
| HIRECT | ₹1,116.20 | 90.8 | 4.0% | 40.7% | – | +36.7% | 66 | APPROACHING SUPPORT | -26.6% | +108.9% | +20.3% | -7.6% |
| INDOTECH | ₹3,067.30 | 32.8 | 11.7% | 28.1% | 53.4% | +92.6% | 77 | APPROACHING SUPPORT | +33.9% | +7.5% | +39.0% | -4.6% |
| BBL | ₹2,443.00 | 24.7 | 4.7% | 17.1% | 13.0% | -23.0% | 69 | BREAKOUT | -29.7% | -50.1% | +17.7% | -28.7% |
| OSWALPUMPS | ₹248.40 | 8.3 | 16.6% | 76.7% | 122.4% | -64.7% | 73 | BREAKDOWN | -42.9% | -41.5% | -7.8% | -7.1% |
| EVEREADY | ₹320.60 | 13.1 | 12.0% | 2.9% | 83.8% | -14.9% | 61 | CONSOLIDATING DOWN | +22.5% | -73.9% | +9.0% | +24.6% |
| MARSONS | ₹122.70 | 47.9 | 17.9% | 276.4% | 142.1% | -6.8% | 70 | CONSOLIDATING DOWN | -26.2% | -73.9% | +4.9% | -46.8% |
Data from TradeAlone · Updated daily
HEG News
Heg Limited Rebranded as HEG Advanced Materials Limited Following Scheme Approval2026-09-03Heg Limited Demerger to Take Effect from September 1, 20262026-08-25Heg Limited (NSE: HEG) Q1 FY27: Consolidated Profit After Tax Rises 22.6% Yoy to INR 122.34 Cr2026-07-24Heg Limited Q1 Fy26-27: Revenue Up 12%, Profit Before Tax Rises 16%2026-07-23HEG Limited (NSE: HEG) breaks out, gains 11% intraday2026-07-23HEG Limited (NSE: HEG) clears resistance, moves up 5% intraday2026-07-13HEG Limited (NSE: HEG) gains 5% intraday on heavy volume2026-07-10Heg Limited: TACC Limited Signs MOU with NUS I-FIM for Advanced Materials Collaboration2026-06-02
