HEG Ltd

HEG Ltd (HEG) is a micro-cap Industrial Products company valued at ₹4,711 crore operating in Electrodes & Refractories on the NSE and BSE.

Recent price move

HEG Ltd last traded at ₹248.5, up 4.83% on the day.

Recent developments

On 2026-09-07, the company demerged into two entities, HEG Graphite and HEG Advanced Materials, with each shareholder receiving a share in HEG Graphite. The stock closed at ₹273 on the NSE, valuing the company (ex-graphite) at ₹5,300 crore. On the same day, the company announced a dividend of ₹3.40 per share. On 2026-09-21, the company's subsidiary, Replus Engitech, received orders from Indus Towers to supply lithium-ion battery banks. On 2026-09-22, the company received battery storage orders, and Coforge expanded AI vehicle inspection capabilities.

Financial performance

The company's business has improved significantly, with annual revenue rising 19.4% and annual net profit surging 196.5%. The latest quarter saw revenue increase 11.1% compared to the same quarter a year earlier, while net profit rose 16.2%.

Valuation multiples

The stock trades at 14.1 times earnings, 2.11 times book value. It yields 1.4%.

Things to watch

The company's profit growth has slowed, with a 13.8% annual decline in profit over the past three years. The stock is 67.0% below its 52-week high. The latest quarter net profit margin is 13.3%, up from 5.3% the prior year, but return on equity remains low at 7.4%.

Where it stands

The company has seen strong annual revenue and net profit growth, with net profit margin improving by 7.9 percentage points. The stock is 67.0% below its 52-week high.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.