HEG Ltd

HEG
NSE· Capital Goods
545.85
+19.20 (+3.65%)
Updated 07:15 am IST
52W Low · ₹459.8052W High · ₹690.00
Mid Range
Market Cap
₹10410.17L Cr
Volume
44.14L
Prev Close
₹531.30
ISIN
INE545A01024

Orion Score

Fundamentals-based quality & risk · not a recommendation

41/100
Caution

HEG Ltd scores 41/100 (Caution) on the Orion Score — weak business quality (37), poor growth (29), moderate balance-sheet safety (65) and fair valuation (40). A fundamentals-based quality & risk score, not a buy/sell recommendation.

Quality
37
Growth
29
Safety
65
Value
40

Full Orion analysis

Risk checks

  • Profit converts to cash (CFO 0.8× PAT)
  • Low debt, comfortable interest cover
  • No distress, manipulation or dilution flags

Forensic accounting

Piotroski F 5/9Altman Z Safe(8.20)Beneish M Clean(-2.43)

Piotroski F = fundamental health (0–9, higher is better) · Altman Z = bankruptcy / distress risk · Beneish M = earnings-manipulation check

Technical / Momentum

Price Trend

53/100

Neutral

Technical momentum companion — separate from the fundamentals-based Orion Score.

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VestAI Stock Score

VALUATION
Low Debt
D/E 0.17x — lean balance sheet
QUALITY
Low Quality
ROCE 4.3% — poor capital efficiency
MOMENTUM
Neutral
RSI 41.7 — consolidating

Price Chart

SMA 20
SMA 50
SMA 200

Key Fundamentals

Q3 FY2026

P/E Ratio
27.33
ROCE
4.26%
ROE (1Y)
7.34%
D/E Ratio
0.17x
OPM
33.99%
TTM EPS
₹19.74
Dividend Yield
33.00%
Qtrly Sales
₹656.33 Cr
Qtrly Profit
₹206.97 Cr

Technical Signals

Quarterly Results

Revenue & Profit in ₹ Crores

Revenue Net Profit
QuarterRevenueNet ProfitOPMEPS
Q3 2026₹656.33₹206.9734.0%₹10.72
Q2 2026₹699.22₹143.3333.0%₹7.43
Q1 2026₹616.93₹104.8329.3%₹5.43
Q4 2025₹526.88₹-73.6723.8%
Q3 2025₹478.38₹83.430.4%₹4.32

Annual P&L

Revenue & Profit in ₹ Crores (Yearly)

Revenue Net Profit
YearRevenueNet ProfitEBITDAOPM
FY 2025₹2,144.32₹115.06₹392.589.1%
FY 2024₹2,379.82₹311.68₹605.7511.0%
FY 2023₹2,435.32₹532.41₹805.4221.5%
FY 2022₹2,173.23₹431.04₹646.7720.9%

Peer Comparison — Capital Goods

Top companies in the same sector by market cap

CompanyMkt CapP/EROCEROED/EOPM
HEG₹10,410 Cr27.334.26%7.34%0.17x33.99%
BEL₹3,05,585 Cr50.4929.65%27.56%0.00x27.47%
BHEL₹1,33,572 Cr83.394.62%6.29%0.31x13.53%
APARINDS₹56,943 Cr58.4828.67%19.74%0.18x6.90%
COCHINSHIP₹40,096 Cr55.8710.41%12.52%0.28x18.71%
BEML₹15,531 Cr109.885.20%4.86%0.11x13.88%

Balance Sheet

All values in ₹ Crores

MetricFY 2025FY 2024FY 2023FY 2022
Total Assets₹5,648.16₹5,701.37₹5,691.96₹5,307.94
Equity₹4,453.77₹4,425.94₹4,280.94₹3,913.63
Total Debt₹587.67₹622.68₹742.57₹664.68
Cash₹50.76₹137.05₹33.29₹41.04
Net Debt₹534.09₹482.33₹707.62₹622.37
Working Capital₹1,371.07₹1,462.27₹1,536.37₹1,719.94

Shareholding Pattern

Q1 FY2027

Promoter
59.7%
FII
7.66%
DII
6.26%
Public
26.38%

Quarter-over-Quarter Trend

QuarterPromoterFIIDIIPublic
Q1 FY202759.7% ↑7.66% ↓6.26% ↓26.38% ↑
Q3 FY202656.13% ↑8.52% ↑12.15% ↑23.2% ↓
Q2 FY202655.77%7.97% ↑11.99% ↑24.27% ↓
Q1 FY202655.77%7.29% ↑11.6% ↓25.33% ↓
Q4 FY202555.77%7.18% ↑11.65% ↓25.38% ↑
Q3 FY202555.77%7.07% ↑12.09% ↓25.04% ↑
Q2 FY202555.77%6.93% ↑12.79% ↓24.51% ↓
Q1 FY202555.77%6.06%13.08%25.08%

Corporate Actions

Ex-DateActionDetails
2026-07-22
DIVIDEND
Dividend - Rs 3.40 Per Share

Funds Holding This Stock

41 mutual fund schemes

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About HEG Ltd (HEG) Stock

HEG Ltd is listed on the NSE under the Capital Goods sector, Electrodes & Refractories industry. ISIN: INE545A01024. Track live share price, technical analysis, RSI, MACD, PE ratio, and smart money holdings on VestAI — India's AI-powered stock analysis platform.