H

HEG Advanced Materials

HEGAM NSE

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Stock is trading at 1.01 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.

Weaknesses

2
  • Company has a low return on equity of 5.73% over last 3 years.
  • Earnings include an other income of Rs.432 Cr.

Growth Rate

Revenue Growth
20% higher than 3Y
Net Income Growth
80% higher than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
17%
15%
8%
7%
17%
14%
-11%
17%
17%
22%
-25%
22%
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
PBT
172
118
59
46
24
103
119
-85
126
175
246
-140
165
Tax %
19%
18%
27%
29%
3%
20%
30%
-13%
17%
18%
16%
-19%
26%
Net Profit
139
96
44
33
23
82
83
-74
105
143
207
-114
122
EPS in Rs
7.21
4.97
2.26
1.71
1.19
4.26
4.32
-3.82
5.43
7.43
10.72
-5.89
6.34
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
16%
9%
63%
71%
-0.2%
-4.2%
24%
25%
16%
12%
16%
10%
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
PBT
44
1
-41
1,605
4,677
29
-23
560
677
395
162
408
446
Tax %
12%
886%
23%
33%
35%
-82%
-23%
23%
21%
21%
29%
16%
—
Net Profit
36
4
-44
1,099
3,026
68
-18
431
532
312
115
341
359
EPS in Rs
1.82
0.22
-2.2
54.97
157
3.5
-0.93
22.33
27.59
16.15
5.96
17.69
18.6
Div. Payout %
33%
0%
0%
29%
10%
143%
-65%
36%
31%
28%
30%
19%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
40
40
40
40
39
39
39
39
39
39
39
39
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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
276
249
157
594
1,488
739
716
-141
113
612
280
213
Investing
-83
-29
-1
-9
-676
-275
-417
-183
-21
-184
-207
-320
Financing
-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
Free Cash Flow
249
218
154
580
1,441
503
460
-499
-364
244
102
-35
CFO/OP
155
188
205
65
67
-17,020
-1,349
-2
42
169
125
59
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
121
134
153
129
66
68
84
98
72
78
75
71
Inventory Days
238
342
216
391
428
226
262
431
574
379
507
389
Days Payable
76
48
73
188
124
30
116
197
164
135
161
138
Cash Conversion Cycle
282
428
297
332
370
264
230
331
483
321
421
323
Working Capital Days
13
-7
-3
120
86
134
93
75
107
111
141
132
ROCE %
6%
3%
1%
86%
139%
0%
-2%
14%
15%
9%
4%
8%

Shareholding Pattern

FIIs5.29%Promot.60.72%DIIs12.77%Public21.21%As ofSep 2026

Documents

Frequently Asked Questions about HEG Advanced Materials

What does HEG Advanced Materials Ltd do?
HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrodes plant in the world.[1] It is a part of LNJ Bhilwara Group which also has presence across IT Enabled services, power generation & textiles.[2]
Where is HEG Advanced Materials Ltd (HEGAM) listed?
HEG Advanced Materials Ltd trades as HEGAM on the NSE and under code 509631 on the BSE.
Which sector does HEG Advanced Materials Ltd belong to?
HEG Advanced Materials Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the PE ratio of HEG Advanced Materials Ltd?
HEG Advanced Materials Ltd trades at a PE ratio of 12.52.

Company Information

HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrodes plant in the world.[1] It is a part of LNJ Bhilwara Group which also has presence across IT Enabled services, power generation & textiles.[2]

Website hegadvancedmaterials.com
Face Value ₹ 2

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