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HEG Advanced Materials Limited share price

HEG Advanced Materials Limited engages in the research and development of advanced battery materials, battery solutions. It manufactures custom machined components. The company also operates thermal power plants and a hydroelectric power facility. The company was formerly known as HEG Limited and change its name to HEG Advanced Materials Limited in September 2026. HEG Advanced Materials Limited was incorporated in 1972 and is headquartered in Noida, India.Read more
Capital GoodsElectrical Equipment & PartsNifty 500Nifty Smallcap 250NSE: HEGAMISIN INE545A01024
16 Oct 2026, 3:30 PM IST₹224.72▼ 2.19 (0.97%)
  • Market Cap₹ 7,411 Cr.
  • Current Price₹ 224.72
  • High / Low₹ 754 / 214
  • Stock P/E12.3
  • Book Value₹ 247
  • Dividend Yield1.50 %
  • ROCE8.8 %
  • ROE7.40 %
  • Face Value₹ 2.0
More figures (10)
  • EPS (TTM)₹ 18.33
  • Price / Book0.91
  • OPM12.2 %
  • Debt / Equity0.17
  • Sales growth (5Y)15.4 %
  • Profit growth (5Y)—
  • Promoter holding72.6 %
  • EV / EBITDA7.8
  • Beta0.76
  • All-time high₹ 991

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
HEGAM+4.50%-63.07%-64.15%-63.98%-56.90%-14.32%-14.89%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • HEG Advanced Materials Limited is in the Electrical Equipment & Parts industry (Industrials), with a market value of ₹7,411 crore.
  • It trades at 12.3 times its last 12 months' earnings and 0.9 times book value.
  • Revenue grew 15.4% a year over the last 5 years.
  • Return on equity was 7.4% and return on capital employed 8.8% in the latest year.
  • Debt was 0.17 times shareholders' equity.
  • The share price is 70.2% below its 52-week high and down 56.9% over one year.
  • Promoters and insiders hold about 72.6%; institutions about 7.2%.

Pros

  • Sales have grown 15.4% a year over the last 5 years.
  • Trades at 12.3 times earnings, below its 3-year median of 37.3.
  • Promoters have raised their holding by 4.94 points over 3 years, to 60.72%.
  • Borrowings are moderate at 0.17 times shareholders' equity.
  • Promoters hold a large stake of 60.72%.

Cons

  • Return on equity has been low: 5.7% on average over the last 3 years.
  • Profit growth has been weak: -13.8% a year over the last 3 years.
  • Other income makes up 95% of profit before tax.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About HEG Advanced Materials Limited

HEG Advanced Materials Limited engages in the research and development of advanced battery materials, battery solutions. It manufactures custom machined components. The company also operates thermal power plants and a hydroelectric power facility. The company was formerly known as HEG Limited and change its name to HEG Advanced Materials Limited in September 2026. HEG Advanced Materials Limited was incorporated in 1972 and is headquartered in Noida, India.

Employees
1,175
Head office
Noida
NSE industry
Capital Goods

Peer comparison

IndustrialsCapital GoodsElectrical Equipment & Parts

Part ofNifty 500Nifty Smallcap 250

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.HEG Advanced Materials224.7212.37,4111.5012216.7068110.358.8
2.CG Power and Industrial Solutions846.00106.71,33,2850.1631315.093,28119.1819.3
3.Hitachi Energy India28,990.00112.31,29,2150.0329459.962,44132.6524.9
4.Polycab India8,219.0039.21,23,8070.577847.948,21017.5230.4
5.Havells India1,121.0043.570,3501.08290-43.926,518-0.3922.1
6.APAR Industries16,033.0054.667,1340.3546786.996,56726.5626.7
7.KEI Industries4,482.3043.042,8710.1027421.013,1859.2818.7
8.Honeywell Automation India32,095.0051.528,3960.341517.721,2048.0715.7
9.Schneider Electric Infrastructure1,157.50150.527,6760.0012-69.846514.7824.8
10.R R Kabel2,388.0044.527,0100.4220558.913,16842.8526.5
Median: 26 Co.3,435.1543.213,3170.3028215.903,17713.9423.5

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
671614562547571568478542617699656603681
520512476504533471399598512581514752530
Operating Profit1511028743399780-55105118142-148151
OPM %23%17%15%8%7%17%17%-10%17%17%22%-25%22%
Other Income26282364204311248671121024044
Interest99109899128991110
Depreciation38384750474851555354545350
Profit before tax130835348382132-74111168181-172135
25%26%30%28%22%25%27%20%19%22%32%
139964433238283-74105143207-114122
EPS in Rs7.214.972.261.711.194.264.32-3.825.437.4310.72-5.906.34
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,1491,2562,2022,4672,3952,1602,5692,640
2,1551,3151,6741,8492,0121,9052,1702,377
Operating Profit-6-59527618382255398263
OPM %0%-5%24%25%16%12%16%10%
Other Income14411380109142128141298
Interest371172636393739
Depreciation727379102175201213210
Profit before tax29-31520599314143289312
-82%25%24%27%32%23%28%
68-18431532312115341359
EPS in Rs3.50-0.9322.3427.5916.155.9617.6918.59
Dividend Payout %29%52%76%11%

Compounded Sales Growth

5 Years:
15%
3 Years:
1%
TTM:
20%

Compounded Profit Growth

3 Years:
-14%
TTM:
82%

Stock Price CAGR

5 Years:
-15%
3 Years:
-14%
1 Year:
-57%

Return on Equity

4 Years:
7%
Last Year:
7%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital39393939
Reserves4,2424,3874,4154,719
743623588796
668653607612
Total Liabilities5,6925,7015,6486,166
1,8272,0292,0082,038
CWIP47222279258
3,3933,4513,5613,869
Total Assets5,6925,7015,6486,166

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
113612280213
-21-184-208-320
-100-324-15997
Net Cash Flow-8104-88-10
Free Cash Flow-36624197-39

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2023Mar 2024Mar 2025Mar 2026
ROE12.4%7.2%2.6%7.4%
ROCE16.1%9.5%4.3%8.8%
Operating margin21.5%11.0%9.3%12.2%
Net margin21.9%13.1%5.4%13.4%
Debt / equity0.170.140.130.17
Current ratio2.172.252.262.21
Debtor days73787671
Inventory days370268325256
Days payable1069610490
Cash conversion cycle337250297237
Working capital days230224234226

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 60.72%
  • FIIs 3.61%
  • DIIs 12.96%
  • Public 22.70%
%Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters55.78%55.78%55.78%55.78%55.78%55.78%55.78%55.78%56.13%56.28%56.28%60.72%
6.86%6.86%6.05%6.92%7.08%7.19%7.30%7.96%8.53%10.24%8.47%3.61%
8.87%10.39%13.10%12.81%12.09%11.65%11.60%11.98%12.14%8.62%9.26%12.96%
28.49%26.96%25.07%24.48%25.05%25.38%25.32%24.27%23.20%24.86%25.98%22.70%
No. of Shareholders1,32,6621,29,9051,19,3991,18,4711,52,1661,53,0631,48,0361,41,5761,32,3141,37,6751,39,6011,50,544

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding HEG Advanced Materials

Holder (above 1%)Stake
Singularity Growth Opportunities Fund IiAIF3.33%
HDFC BSE 500 ETFMutual fund2.56%
Singularity Equity Fund IAIF1.69%
Singularity Large Value Fund IiiAIF1.22%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 4.74% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date
22 Jul 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Open a trading & demat account through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539; NSE AP0153037862, BSE AP01095201177059). Execution and service only: no tips or research.

Latest news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about HEG Advanced Materials Limited

What is the share price of HEG Advanced Materials Limited today?
HEG Advanced Materials Limited (HEGAM) last traded at ₹224.72 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.
What is the market cap of HEG Advanced Materials Limited?
About ₹7,411 crore at the latest price.
What is the P/E ratio of HEG Advanced Materials Limited?
About 12.3 times its earnings over the last 12 months.
Is HEG Advanced Materials Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy HEG Advanced Materials Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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