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HEG

Heg Limited Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 58/100 · Average See breakdown ↓
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as of —

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Day Open

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Day High

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Day Low

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NSE Close — 21 Sep 2026

₹248.5

Change

+11.45 (4.83%)

Open

₹243.85

Prev. Close

₹237.05

Day High

₹248.9

Day Low

₹240.9

Volume Analysis

Traded

1,813,114

Delivered

1,043,169

Delivery %

40.65%

End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.

Strengths, Weaknesses, Opportunities & Threats

Strengths (1)

  • •Promoter holding is rising

Weaknesses (1)

  • •Low return on equity (7.42%)

Opportunities (0)

No signal for this stock

Threats (1)

  • •FII holding has been falling

Rule-based signals from the fundamentals below — not investment advice.

Pivot Levels

Type R3 R2 R1 Pivot S1 S2 S3
Classic ₹259.3 ₹254.1 ₹251.3 ₹246.1 ₹243.3 ₹238.1 ₹235.3
Fibonacci ₹254.1 ₹251.04 ₹249.16 ₹246.1 ₹243.04 ₹241.16 ₹238.1
Camarilla ₹250.7 ₹249.97 ₹249.23 ₹246.1 ₹247.77 ₹247.03 ₹246.3

Support/resistance levels for today, calculated from the previous trading day's high/low/close.

Absolute Returns

YTD

-60.19%

1 Week

+4.83%

1 Month

-66.3%

3 Months

-51.95%

6 Months

-54.19%

1 Year

-50.96%

2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.

Stock Vitals

Computed from the latest available annual financials.

Graham Number

₹313.55

Current price is at or below the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.

DuPont ROE Breakdown

7.43%

Net margin 13.6% × asset turnover 0.42x × equity multiplier 1.3x

Company Overview

Sector

Capital Goods

Market Cap

₹4,575 Cr

P/E (TTM)

12.9

ROE

7.42%

Book Value

₹247.0

Face Value

₹2.0

Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.

TopFund Analysis

Heg Limited lands in the middle of the pack on TopFund's composite fundamentals check within the Capital Goods sector, at 58/100. The strongest factor is Financial Strength (100/100), while Cash Flow (18/100) is the weakest area to weigh before deciding. Notably: Promoter holding is rising; low return on equity (7.42%). FII holding has been falling.

TopFund Score — Fundamentals Quality

58/100 — Average

Data confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

As of 21 Sep 2026 · How we calculate this →

Financial Strength

100

Growth

28

Valuation

75

Cash Flow

18

Corporate Governance

98

Momentum

61

Institutional Ownership

43

Business Quality

54

Risk & Volatility

22

Liquidity

70

From Screener.in

  • +Stock is trading at 0.96 times its book value
  • +Company has been maintaining a healthy dividend payout of 25.8%
  • +Promoter holding has increased by 4.45% over last quarter.
  • −Company has a low return on equity of 5.73% over last 3 years.
  • −Earnings include an other income of Rs.432 Cr.

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 18 Sep

Subsidiary Replus Engitech won Rs 217.56 crore order from Indus Towers for lithium-ion battery banks by March 31, 2027.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 18 Sep

Subsidiary Replus Engitech won Indus Towers order for lithium-ion battery banks worth Rs. 217.56 crore, due by March 31, 2027.

Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 18 Sep 18 Sep
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 16 Sep 16 Sep
Announcement under Regulation 30 (LODR)-Change in Management 14 Sep

Salil Bawa resigned as President-Investor Relation, effective September 14, 2026.

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Sales + 671 614 562 547 571 568 478 537 613 699 656 603 681
Expenses + 520 512 476 506 533 471 411 598 507 581 513 752 530
Operating Profit 151 102 87 41 39 97 67 -61 106 118 143 -148 151
OPM % 23.0% 17.0% 15.0% 8.0% 7.0% 17.0% 14.0% -11.0% 17.0% 17.0% 22.0% -25.0% 22.0%
Other Income + 68 63 30 64 41 63 112 43 82 120 167 72 74
Interest 9 9 10 9 8 9 9 12 8 9 9 11 10
Depreciation 38 38 47 50 48 48 51 55 53 54 54 53 50
Profit before tax 172 118 59 46 24 103 119 -85 126 175 246 -140 165
Tax % 19.0% 18.0% 27.0% 29.0% 3.0% 20.0% 30.0% -13.0% 17.0% 18.0% 16.0% -19.0% 26.0%
Net Profit + 139 96 44 33 23 82 83 -74 105 143 207 -114 122
EPS in Rs 7 5 2 2 1 4 4 -4 5 7 11 -6 6
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Sales + 1,228 870 859 2,748 6,591 2,145 1,254 2,201 2,463 2,393 2,151 2,568 2,639
Expenses + 1,046 733 778 1,027 1,930 2,150 1,308 1,670 1,844 2,011 1,891 2,169 2,376
Operating Profit 182 137 81 1,721 4,662 -5 -53 530 619 382 260 399 263
OPM % 15.0% 16.0% 9.0% 63.0% 71.0% -0.2% -4.2% 24.0% 25.0% 16.0% 12.0% 16.0% 10.0%
Other Income + 15 4 7 12 106 143 114 117 187 223 141 259 432
Interest 77 60 55 56 18 37 11 7 26 36 39 37 39
Depreciation 75 79 74 73 72 72 73 79 102 175 201 213 210
Profit before tax 44 1 -41 1,605 4,677 29 -23 560 677 395 162 408 446
Tax % 12.0% 886.0% 23.0% 33.0% 35.0% -82.0% -23.0% 23.0% 21.0% 21.0% 29.0% 16.0% —
Net Profit + 36 4 -44 1,099 3,026 68 -18 431 532 312 115 341 359
EPS in Rs 2 0 -2 55 157 4 -1 22 28 16 6 18 19
Dividend Payout % 33.0% 0.0% 0.0% 29.0% 10.0% 143.0% -65.0% 36.0% 31.0% 28.0% 30.0% 19.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Reserves 974 956 913 1,868 3,755 3,473 3,456 3,875 4,242 4,387 4,415 4,719
Borrowings + 917 782 684 297 667 594 298 665 743 623 588 796
Other Liabilities + 315 176 216 534 684 332 451 730 668 653 607 612
Total Liabilities 2,246 1,953 1,853 2,739 5,144 4,438 4,244 5,308 5,692 5,701 5,648 6,166
Fixed Assets + 907 932 889 833 788 745 694 763 1,363 1,816 1,938 1,788
CWIP 108 27 1 2 19 101 373 696 472 212 71 224
Investments 223 227 231 248 942 1,245 1,358 1,171 859 1,200 1,400 1,478
Other Assets + 1,009 767 732 1,656 3,396 2,348 1,819 2,678 2,998 2,474 2,238 2,676
Total Assets 2,246 1,953 1,853 2,739 5,144 4,438 4,244 5,308 5,692 5,701 5,648 6,166
Equity Capital 40 40 40 40 39 39 39 39 39 39 39 39

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Cash from Operating Activity + 276 249 157 594 1,488 739 716 -141 113 612 280 213
Cash from Investing Activity + -83 -29 -1 -9 -676 -275 -417 -183 -21 -184 -207 -320
Cash from Financing Activity + -202 -219 -153 -588 -788 -460 -310 344 -100 -324 -159 97
Net Cash Flow -8 1 3 -3 24 4 -11 20 -8 104 -86 -10
CFO/OP 155 188 205 65 67 -17,020 -1,349 -2 42 169 125 59
Free Cash Flow 249 218 154 580 1,441 503 460 -499 -364 244 102 -35

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

Promoter holding: 55.77% → 60.72%
  Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Public 28.51% 26.98% 25.08% 24.51% 25.04% 25.38% 25.33% 24.27% 23.2% 24.86% 25.97% 21.21%
Promoters 55.77% 55.77% 55.77% 55.77% 55.77% 55.77% 55.77% 55.77% 56.13% 56.27% 56.27% 60.72%
FII 6.85% 6.86% 6.06% 6.93% 7.07% 7.18% 7.29% 7.97% 8.52% 10.23% 8.47% 5.29%
DII 8.85% 10.38% 13.08% 12.79% 12.09% 11.65% 11.6% 11.99% 12.15% 8.63% 9.27% 12.77%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Capital Goods — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
Heg Limited (this stock) 4,575 12.9 0.96 7.42%
Electrosteel Castings Ltd 4,588 28.8 0.77 3.04%
Heg Advanced Material Ltd 4,494 12.7 0.94 7.42%
Sambhv Steel Tubes Ltd 4,689 28.0 4.44 18.7%
Subros Limited 4,703 27.4 3.77 14.5%
Ge Power India Limited 4,441 12.0 7.63 62.2%
Tempsens Inst (india) Ltd 4,770 69.5 — 14.4%

Which Mutual Funds Hold Heg Limited?

Frequently Asked Questions about Heg Limited

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