HEG · NSE
HEG Limited
₹728.25
+2.94% (+₹20.8)
Prev. close
₹707.45
Volume
25,65,950
Delivery %
40.6%
As of
04 Sept 2026
Price history
Chandan Taparia · Motilal Oswal Financial Services Ltd · 31 Aug 2026
“Bullish on HEG, recommending a buy at CMP Rs 737 with a target of Rs 780 and a stop loss of Rs 710. The stock has retested its breakout zone near Rs 700 and bounced strongly, maintaining its broader uptrend, with a pole-and-flag breakout above Rs 750 potentially triggering further upside.”
Entry ₹750Target ₹780 (+4.0%)Stop ₹710 (-5.3%)R:R 0.8:1Awaiting entry — level untouched
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on HEG, recommending a buy at CMP Rs 737 with a target of Rs 780 and a stop loss of Rs 710. The stock has retest…” | Chandan TapariaMotilal Oswal Financial Services Ltd | HEG Ltd | PENDING | ||||
“Bullish on HEG, recommending a buy at CMP Rs 737 with a target of Rs 780 and a stop loss of Rs 710. The stock has retested its breakout zone near Rs 700 and bounced strongly, maintaining its broader uptrend, with a pole-and-flag breakout above Rs 750 potentially triggering further upside.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Fundamentals
About HEG Limited
HEG Advanced Materials Limited engages in the research and development of advanced battery materials, battery solutions. It manufactures custom machined components. The company also operates thermal power plants and a hydroelectric power facility. The company was formerly known as HEG Limited and change its name to HEG Advanced Materials Limited in September 2026. HEG Advanced Materials Limited was incorporated in 1972 and is headquartered in Noida, India.
Details
Sector
Industrials
Industry
Electrical Equipment & Parts
CEO
Mr. Puneet Anand
Headquarters
Noida
Employees
1,175
Website
hegadvancedmaterials.comExchange
View on NSE ↗Key stats
Market cap
₹4,574.53 Cr
P/E ratio (TTM)
12.7
Dividend yield
1.51%
EPS (TTM)
₹18.67
Beta (1Y · daily vs NIFTY 50)
1.24
Beta (5Y · monthly vs NIFTY 50)
2.21
Shares float
5.08 Cr
EPS · quarter ended Jun 2026
₹6.34
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 1.3% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,256.23 Cr | ₹2,201.61 Cr | ₹2,467.24 Cr | ₹2,394.90 Cr | ₹2,159.69 Cr | ₹2,568.50 Cr | |
| EBITDA | ₹53.73 Cr | ₹606.78 Cr | ₹805.42 Cr | ₹605.75 Cr | ₹397.32 Cr | ₹642.15 Cr |
| ₹-17.94 Cr | ₹431.00 Cr | ₹532.41 Cr | ₹311.68 Cr | ₹115.06 Cr | ₹341.37 Cr | |
| Diluted EPS | ₹-0.93 | ₹22.34 | ₹27.59 | ₹16.15 | ₹5.96 | ₹17.69 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹4,244.00 Cr | ₹5,308.00 Cr | ₹5,692.00 Cr | ₹5,701.00 Cr | ₹5,648.00 Cr | ₹6,166.00 Cr | |
| — | — | ₹742.57 Cr | ₹622.68 Cr | ₹587.67 Cr | ₹796.02 Cr | |
| Stockholders' equity | ₹3,495.00 Cr | ₹3,914.00 Cr | ₹4,281.00 Cr | ₹4,426.00 Cr | ₹4,454.00 Cr | ₹4,758.00 Cr |
Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹716.00 Cr | ₹-141.00 Cr | ₹113.00 Cr | ₹612.00 Cr | ₹280.00 Cr | ₹213.00 Cr | |
| Investing cash flow | ₹-417.41 Cr | ₹-183.37 Cr | ₹-21.11 Cr | ₹-185.85 Cr | ₹-208.45 Cr | ₹-320.24 Cr |
| ₹-310.00 Cr | ₹344.00 Cr | ₹-100.00 Cr | ₹-324.00 Cr | ₹-159.00 Cr | ₹97.00 Cr | |
| Capital expenditure | ₹-301.31 Cr | ₹-1,060.66 Cr | ₹-479.74 Cr | ₹-371.52 Cr | ₹-182.23 Cr | ₹-252.68 Cr |
| End cash position | ₹21.37 Cr | ₹41.03 Cr | ₹33.29 Cr | ₹137.05 Cr | ₹50.76 Cr | ₹40.59 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Dec 22(6Q) | Mar 23–Sep 25(11Q) | Dec 25 | Mar 26–Jun 26(2Q) |
|---|---|---|---|---|
| Promoter | 55.13% | 55.78% | 56.13% | 56.28% |
| Public | 44.87% | 44.22% | 43.87% | 43.72% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| HEG Limited | ₹4,577.43 Cr | ₹728.25 | 12.7 | 0.96 | 7.2% | 0.17 | +19.4% | +41.6% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
19 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
HEG Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter
Univest · 18 hours ago
HEG Share Price Today Up 5%
HEG shares rose 5% to Rs 227.2, outperforming the BSE CAPITAL GOODS index, which was up 1.8%. This gain follows HEG's reported 10% year-over-year net profit growth and 11.1% net sales increase for the quarter ended June 2026. Over the past year, however, HEG's stock has declined by 55.5%.