Here is a data-driven look at H.E.G. Ltd. (HEG), covering financial performance, valuation, and shareholding trends.
HEG Revenue Trend
In FY2026, H.E.G. Ltd. posted revenue of ₹2,709 Cr, up 18.5% from ₹2,287 Cr a year earlier.
Revenue compounded at 12.6% annually over 10 years for H.E.G. Ltd.. That's a strong growth rate that comfortably outpaces inflation.
At ₹2,709 Cr in annual revenue, H.E.G. Ltd. is one of the mid-sized players in the electrodes space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹2,709 Cr | +18.5% |
| FY2025 | ₹2,287 Cr | -9.8% |
| FY2024 | ₹2,537 Cr | -1.5% |
| FY2023 | ₹2,576 Cr | +12.9% |
| FY2022 | ₹2,281 Cr | — |
View H.E.G. Ltd.'s full 10-year revenue trend with CAGR analysis →
HEG Profitability
At ₹341 Cr, H.E.G. Ltd.'s FY2026 net profit was 196.7% ahead of FY2025.
Net margin widened to 12.6% in FY2026 — an improvement from the 5.0% recorded in FY2025.
At ₹17.69 per share (diluted), FY2026 earnings were up year-over-year from ₹5.96.
Is HEG Undervalued
H.E.G. Ltd. shares are currently trading at ₹665.25.
Craytheon calculates intrinsic value using the P/E Ratio and EPS Growth models. Both appear in the Valuation Models cards below.
Valuation Models
HEG Shareholding Pattern
Promoter holding increased from 55.8% to 56.3%, signalling growing confidence from the management group.
Foreign investors held 8.5% of the company as of June 2026, up year-over-year from 8.0%.
Domestic investors held 9.3% of the company as of June 2026, down year-over-year from 12.0%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 56.3% | 8.5% | 9.3% | 26.0% |
| Mar 2026 | 56.3% | 10.2% | 8.6% | 24.9% |
| Dec 2025 | 56.1% | 8.5% | 12.1% | 23.2% |
| Sep 2025 | 55.8% | 8.0% | 12.0% | 24.3% |
Track quarterly shareholding changes for H.E.G. Ltd. →
HEG Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2026 total assets: ₹61.66B (up 9.2% YoY from ₹56.48B).
Top categories: Property, Plant & Equipment (31.9%), Inventories (18.4%), Investments (17.4%).
Of the ₹61.66B in liabilities and equity, 77.2% is shareholder equity, 12.9% is interest-bearing debt, and 9.9% is operating liabilities. Over the year, debt is up 35.5% and equity is up 6.8%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 4.43B |
| Receivables | 5.00B |
| Inventories | 11.34B |
| Property, Plant & Equipment | 19.67B |
| Investments | 10.75B |
| Intangibles & Goodwill | 25.55M |
| Other Assets | 10.45B |
| Category | Value |
|---|---|
| Equity | 47.58B |
| Short-term Debt | 7.93B |
| Long-term Debt | 25.99M |
| Trade Payables | 4.01B |
| Other Liabilities | 2.11B |
HEG Key Takeaways
To sum up H.E.G. Ltd.'s financial position: the data paints a clear picture for investors evaluating this electrodes stock.
Revenue of ₹2,709 Cr in FY2026, up 18.5% year-over-year.
Long-term revenue has been compounding at 12.6% annually over 10 years.
The company is profitable, with a net margin of 12.6% and net income of ₹341 Cr.
Unlock Full Analysis
Get the complete view of H.E.G. Ltd. on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.