Flash Finance

HEG LimitedHEGCorporate

Electrodes - Graphites Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹224.72
MCap ₹4,337 Cr · P/E 12.7
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹603 Cr
Sales · Mar 2026
+11.2% YoY
₹-148 Cr
Operating Profit · Mar 2026
-166.8% YoY
-24.5%
OPM % · Mar 2026
-140.2% YoY
₹-114 Cr
Net Profit · Mar 2026
-54.7% YoY
₹-5.90
EPS · Mar 2026
-54.5% YoY

📝 HEG Limited — results explained

Quarter ended March 2026 (Q4 FY26)

HEG Limited reported revenue of ₹603 crore for the quarter ended March 2026 (Q4 FY26), up 11.2% from ₹542 crore in the same quarter last year, and down 8.1% sequentially over the December 2025 quarter.

The company reported a net loss of ₹114 crore, against a net loss of ₹74 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-5.90.

Operating profit stood at ₹-148 crore — an operating margin (OPM) of -24.5%, compared with -10.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, HEG Limited posted revenue of ₹2,575 crore, a growth of 19.3% over FY25, with a net profit of ₹341 crore (up 196.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,575 crore with a net profit of ₹341 crore.

Valuation snapshot

At the current price of ₹224.72, HEG has a market capitalisation of ₹4,337 crore and a trailing P/E of about 12.7.

Shareholding pattern

As of Sep 2026, promoters held 60.72%, foreign institutional investors (FIIs) 5.30%, domestic institutional investors (DIIs) 12.76%, public shareholders 21.22% of HEG Limited.

Promoter holding rose from 56.28% to 60.72% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹4,337 Cr
Current Price ?
₹224.7
P/E ?
12.71
Industry P/E ?
N/A
P/B ?
0.91
P/S ?
1.68
P/FCF ?
-120.46
Enterprise Value ?
₹5,133 Cr
EV/EBITDA ?
26.44
PEG ?
N/A
Earnings Yield ?
-0.4%
Dividend Yield ?
0.33%
Profitability & Returns
Sales (TTM) ?
₹2,575 Cr
OPM ?
7.5%
Profit after tax (TTM) ?
₹341 Cr
EPS (TTM) ?
₹17.69
ROCE ?
8.0%
ROE ?
7.2%
ROA ?
5.5%
Growth
Sales — latest qtr ?
₹603 Cr
PAT — latest qtr ?
₹-114 Cr
YoY qtr sales growth ?
11.2%
YoY qtr profit growth ?
-54.7%
Sales growth (3y) ?
1%
Sales growth (5y) ?
15%
Profit growth (3y) ?
-14%
Profit growth (5y) ?
46%
Financial Health
Debt ?
₹796 Cr
Debt to Equity ?
0.17
Interest Coverage ?
-0.5
Current Ratio ?
N/A
Ownership
Promoter holding ?
60.72%
Change in promoter holding ?
4.95%
Pledged percentage ?
N/A
Market
Return 3 months ?
-61.7%
Return 6 months ?
-64.5%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 617671614562547571568478542617699656603 +11.2% -8.1%
Operating Profit 1231511028743399780-5581118142-148 -166.8% -204.0%
Other Income 31262823642063112485412010272 +49.9% -29.4%
Interest 7991098991289911 -8.4% +17.1%
Depreciation 33383847504848515553545453 -2.9% -1.7%
Profit Before Tax 125172118594624103119-85127175246-140 -65.5% -156.9%
Net Profit 100139964433238283-74105143207-114 -54.7% -155.1%
EPS 25.8436.0524.8711.328.535.974.264.32-3.825.437.4310.72-5.90 -54.5% -155.0%
OPM % 20.0% 22.5% 16.6% 15.4% 7.8% 6.8% 17.0% 16.7% -10.2% 13.2% 16.9% 21.7% -24.5% -140.2% -212.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹2,160 Cr ₹2,575 Cr ₹2,575 Cr +19.3%
Operating Profit ₹160 Cr ₹194 Cr ₹194 Cr +21.5%
OPM % 7.39% 7.54% 7.54% +2.0%
NPM % 5.33% 13.25% 13.25% +148.6%
Other Income ₹243 Cr ₹348 Cr ₹348 Cr +42.9%
Depreciation ₹201 Cr ₹214 Cr ₹214 Cr +6.5%
Interest ₹39 Cr ₹37 Cr ₹37 Cr -4.4%
EBIT ₹-41 Cr ₹-20 Cr ₹-20 Cr +52.2%
PBT ₹160 Cr ₹409 Cr ₹409 Cr +154.9%
Tax ₹45 Cr ₹71 Cr ₹71 Cr +56.8%
Net Profit ₹115 Cr ₹341 Cr ₹341 Cr +196.7%
EPS ₹10.73 ₹17.68 ₹17.68 +64.8%
Material Cost ₹955 Cr ₹478 Cr ₹478 Cr -50.0%
Employee Cost ₹104 Cr ₹62 Cr ₹62 Cr -40.4%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 39393939 +0.0%
Reserves 4,2424,3874,4154,719 +6.9%
Borrowings 743623588796 +35.4%
Other Liabilities 668653607612 +0.8%
Total Liabilities 5,6925,7015,6486,166 +9.2%
Fixed Assets 1,3631,8161,9381,789 -7.7%
CWIP 47221271224 +215.5%
Investments 8591,2001,4001,478 +5.6%
Other Assets 2,9982,4742,2382,676 +19.6%
Total Assets 5,6925,7015,6486,166 +9.2%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 113612280213 -23.9%
Cash from Investing Activity -21-184-207-320 -54.6%
Cash from Financing Activity -100-324-15997 +161.0%
Net Cash Flow -8104-86-10 +88.4%
Free Cash Flow -364244102-36 -135.3%
CFO/OP 42%169%127%59% -53.5%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
ROCE % 15%9%4%8% +100.0%
Debtor Days 72787571 -5.3%
Inventory Days 574379507389 -23.3%
Days Payable 164135161138 -14.3%
Cash Conversion Cycle 483321421323 -23.3%
Working Capital Days 107111141189 +34.0%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 55.77%55.77%56.13%56.27%56.28%60.72% +7.9%
FIIs 7.29%7.97%8.52%10.23%8.47%5.30% -37.4%
DIIs 11.60%11.99%12.15%8.63%9.26%12.76% +37.8%
Public 25.33%24.27%23.20%24.86%25.98%21.22% -18.3%
No. of Shareholders 1,48,0361,41,5761,32,3141,37,6751,39,6011,34,276 -3.8%

⚖️ Peer comparison

Peer comparison unavailableNo other companies in our database share this industry/sector yet.
❓ Frequently asked questions
What was HEG Limited's revenue in Q4 FY26?
HEG Limited reported revenue of ₹603 crore for the quarter ended March 2026 (Q4 FY26), up 11.2% from ₹542 crore in the same quarter last year, and down 8.1% sequentially over the December 2025 quarter.
What was HEG Limited's net profit in Q4 FY26?
The company reported a net loss of ₹114 crore, against a net loss of ₹74 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-5.90.
What is HEG's market capitalisation and P/E ratio?
At the current price of ₹224.72, HEG has a market capitalisation of ₹4,337 crore and a trailing P/E of about 12.7.
Who owns HEG Limited? (shareholding pattern)
As of Sep 2026, promoters held 60.72%, foreign institutional investors (FIIs) 5.30%, domestic institutional investors (DIIs) 12.76%, public shareholders 21.22% of HEG Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI