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233.1

-14.75 -5.95%

As of 22 Sept 2026 · delayed

BSE Listed · Capital Goods-Non Electrical Equipment

HEG Ltd. (509631)

Volume: 70,350Avg Vol 1W: 1,80,317Avg Vol 1M: 1,52,64252W Range:168.98753.9
Market Cap₹4,498 Cr
Current Price₹233.1
Previous Close₹247.85
High / Low (52w)₹753.9 / ₹168.98
Volume70,350
Avg Vol (1W)1,80,317
Avg Vol (1M)1,52,642
Stock P/E12.7
Book Value₹246.55
Dividend Yield1.37%
ROE7.17%
ROA5.82%
Revenue (TTM)
Revenue Growth-9.82%
Profit Margin13.6%
Total Debt₹0 Cr
Shares Outstanding19 Cr
Face Value₹2
EPS (TTM)₹18.35
P/B0.95
Debt / Equity0.15
50 DMA₹579.33
200 DMA₹563.73
Day change-5.95%
Price Chart
233.1 54.90% · 1Y
73921635.2L
2025-09-22
2026-09-22

20-day avg volume: 1.6L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 13% YoY.
  • Stock trades below its book value.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹568 Cr₹478 Cr₹537 Cr₹613 Cr₹699 Cr₹656 Cr₹603 Cr₹681 Cr
EBITDA₹92 Cr₹141 Cr₹-57 Cr₹113 Cr₹177 Cr₹191 Cr₹-161 Cr₹145 Cr
Net Profit₹82 Cr₹83 Cr₹-74 Cr₹105 Cr₹143 Cr₹207 Cr₹-114 Cr₹122 Cr
EPS
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹2,280 Cr₹537 Cr₹613 Cr₹697 Cr₹656 Cr₹603 Cr₹2,709 Cr₹681 Cr
EBITDA₹187 Cr₹-60 Cr₹101 Cr₹172 Cr₹189 Cr₹-178 Cr₹326 Cr₹162 Cr
Net Profit₹115 Cr₹-62 Cr₹72 Cr₹131 Cr₹141 Cr₹-163 Cr₹341 Cr₹110 Cr
EPS5.9617.69
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹5,144 Cr₹4,438 Cr₹4,244 Cr₹5,308 Cr₹5,692 Cr₹5,701 Cr₹5,648 Cr₹6,166 Cr
Total Liabilities₹1,351 Cr₹927 Cr₹749 Cr₹1,394 Cr₹1,411 Cr₹1,275 Cr₹1,194 Cr₹1,408 Cr
Equity₹3,794 Cr₹3,512 Cr₹3,495 Cr₹3,914 Cr₹4,281 Cr₹4,426 Cr₹4,454 Cr₹4,758 Cr
Total Debt
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹3,115 Cr₹842 Cr₹718 Cr₹-12 Cr₹261 Cr₹648 Cr₹324 Cr₹235 Cr
Investing₹-676 Cr₹-275 Cr₹-417 Cr₹-183 Cr₹-21 Cr₹-184 Cr₹-208 Cr₹-320 Cr
Financing₹-788 Cr₹-460 Cr₹-310 Cr₹344 Cr₹-100 Cr₹-324 Cr₹-159 Cr₹97 Cr
Free Cash Flow₹3,115 Cr₹717 Cr₹718 Cr₹-12 Cr₹261 Cr₹648 Cr₹324 Cr₹235 Cr
Shareholding
Promoter 60.72% Institutions 18.06% Public 21.22%
Efficiency & Working Capital
ROCE8%
Interest Coverage12
Dividend Payout
Debtor Days71 d
Inventory Days161 d
Payable Days57 d
Cash Conversion Cycle175 d
Working Capital Days232 d
Shareholding Details

As of 2026-09-30

Promoter60.7%
FII5.3%
DII12.8%
Institutions18.1%
Public21.2%
Promoter Pledge0%
No. of Shareholders1,34,276
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters55.8%55.8%55.8%55.8%55.8%55.8%55.8%55.8%56.1%56.3%56.3%60.7%
FIIs6.9%6.9%6.1%6.9%7.1%7.2%7.3%8%8.5%10.2%8.5%5.3%
DIIs8.1%10.4%13.1%12.8%12.1%11.6%11.6%12%12.1%8.6%9.3%12.8%
Public29.3%27%25.1%24.5%25.1%25.4%25.3%24.3%23.2%24.9%26%21.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,32,6621,29,9051,19,3991,18,4711,52,1661,53,0631,48,0361,41,5761,32,3141,37,6751,39,6011,34,276
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Redrose Vanijya LlpShareholding of Promoter and Promoter Group28.4%9.36 Cr
Lnj Spark Advisory LlpShareholding of Promoter and Promoter Group12.3%4.05 Cr
Norbury Investments LimitedShareholding of Promoter and Promoter Group8.1%2.68 Cr
Microlight Investments Ltd.Shareholding of Promoter and Promoter Group7.1%2.33 Cr
Rswm LimitedShareholding of Promoter and Promoter Group4.8%1.59 Cr
Singularity Growth Opportunities Fund IiPublic Shareholding3.3%1.10 Cr
Singularity Equity Fund IPublic Shareholding1.7%55,58,366
Clearfield Consulting LlpPublic Shareholding1.5%49,42,857
Sbi Energy Opportunities FundPublic Shareholding1.4%47,27,602
Mekima CorporationPublic Shareholding1.3%41,26,586
Singularity Large Value Fund IiiPublic Shareholding1.2%40,21,878
Manohar Lal AgarwalPublic Shareholding1.2%39,81,659
Avant Garde Ventures LlpPublic Shareholding1.2%39,81,659
Bajaj Finserv Flexi Cap FundPublic Shareholding1.1%35,39,534
Ravi JhunjhunwalaShareholding of Promoter and Promoter Group0%4,623
Rishabh JhunjhunwalaShareholding of Promoter and Promoter Group0%9,036
Rita JhunjhunwalaShareholding of Promoter and Promoter Group0%9,380
Riju JhunjhunwalaShareholding of Promoter and Promoter Group0%6,782
Lakshmi Niwas JhunjhunwalaShareholding of Promoter and Promoter Group0%0
Mani Devi JhunjhunwalaShareholding of Promoter and Promoter Group0%0
Nivedan ChuriwalShareholding of Promoter and Promoter Group0%0
Shubha ChuriwalShareholding of Promoter and Promoter Group0%0
Sudha ChuriwalShareholding of Promoter and Promoter Group0%0
Shashi AgarwalShareholding of Promoter and Promoter Group0%0
Rajkumari MarodiaShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Ravi JhunjhunwalaNon Executive Director2026
Riju JhunjhunwalaCMD & Executive Director2026
Shekar AgarwalNon Executive Director2026
Manish GulatiExecutive Director2026
Kamal GuptaNon-Exec & Non-Independent Dir2026
N G KhaitanIndependent Non Exe. Director2026
Ramni NirulaIndependent Non Exe. Director2026
Jayant DavarIndependent Non Exe. Director2026
P S DasguptaIndependent Non Exe. Director2026
Sandip SomanyIndependent Non Exe. Director2026
VIVEK CHAUDHARYCompany Sec. & Compli. Officer2026
L N JhunjhunwalaChairman Emeritus2026
Ravi GuptaCompany Secretary / Compliance Officer2026
Manish SharmaIndependent Non Exe. Director2026
Pushp JainIndependent Non Exe. Director2026
Sanjeev MehraIndependent Non Exe. Director2026
Segments — Product
SegmentRevenueShare
Graphite₹2,540 Cr98.9%
Power₹29 Cr1.1%
Segments — Geography
RegionRevenueShare
India₹847 Cr33%
Outside India₹1,722 Cr67%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2553939
Corporate Actions
TypeDateValueRemark
forthcoming2026-09-07Demerger
forthcoming2026-09-07Demerger
forthcoming2026-07-22Dividend (3.4/- per share)Final
dividend2026-07-22₹3.4 (170%)Final
forthcoming2026-07-22Board Meetings
dividend2025-08-13₹1.8 (90%)Final
forthcomingBook ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20261,244746042312,063
20261,2427370271,987
202600010010
Insider / Designated-Person Trades

15 recent disclosure(s)

Sandip SomanyAcquisition · 30,000
Sandip SomanyAcquisition · 30,000
Dr. Nand Gopal KhaitanAcquisition · 5,000
Dr. Nand Gopal KhaitanAcquisition · 5,000
Redrose Vanijya LLPAcquisition · 1,05,000
Sudha ChuriwalDisposal · 895
Substantial Acquisitions (SAST)

3 disclosure(s)

Market18/02/2026 · 1,90,000
Market11/02/2026 · 24,50,535
Market25/11/2025 · 6,74,000
Company Information
Incorporated1972
ChairmanL N Jhunjhunwala
AuditorSCV & Co LLP
Investor Email[email protected]
🌐 www.hegltd.com

📍 Mandideep, Near Bhopal, Raisen, Madhya Pradesh, 462046

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