| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 681 | 617 | +10.4% |
| EBITDA | 151 | 105 | +42.8% |
| EBITDA margin | 22.1% | 17.1% | +5.0 pts |
| Profit before tax | 135 | 111 | +21.1% |
| Net profit | 122 | 105 | +16.7% |
| EPS | ₹6.34 | ₹5.43 | +16.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,402 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 443 | 443 | 444 | 461 | 157 | ||
| 793 | 793 | 587 | 619 | 741 | ||
| 4,752 | — | — | — | — | ||
| 2,640 | 2,569 | 2,160 | 2,395 | 2,467 | ||
| — | +18.9% | −9.8% | −2.9% | — | ||
| 263 | 398 | 255 | 382 | 618 | ||
| 10.0% | 15.5% | 11.8% | 16.0% | 25.1% | ||
| 53.2 | 185 | 54.5 | 208 | 516 | ||
| 359 | 341 | 115 | 312 | 532 | ||
| 13.6% | 13.3% | 5.3% | 13.0% | 21.6% | ||
| ₹18.59 | ₹17.69 | ₹5.96 | ₹16.15 | ₹27.58 | ||
| — | +196.7% | −63.1% | −41.5% | — | ||
| — | 213 | 280 | 612 | 113 | ||
| — | −253 | −182 | −403 | −480 | ||
| −39.5 | −39.5 | 97.5 | 209 | −366 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,402.3 | |
| - Cash, Equiv & ST Investments | 157.0 | 460.7 | 443.8 | 443.3 | 443.3 | |
| + Total Debt | 740.9 | 619.4 | 587.1 | 793.3 | 793.3 | |
| Enterprise Value | — | — | — | — | 4,752.3 | |
| Revenue | 2,467.2 | 2,394.9 | 2,159.7 | 2,568.5 | 2,639.6 | |
| Growth %, YoY | — | -2.9 | -9.8 | +18.9 | — | |
| EBITDA | 618.4 | 382.4 | 255.1 | 398.3 | 263.0 | |
| Margin % | 25.06 | 15.97 | 11.81 | 15.51 | 9.96 | |
| EBIT | 516.1 | 207.8 | 54.5 | 185.1 | 53.2 | |
| Net Income | 532.4 | 311.7 | 115.1 | 341.4 | 358.9 | |
| Margin % | 21.58 | 13.01 | 5.33 | 13.29 | 13.60 | |
| EPS, Adj (current shares) | 27.58 | 16.15 | 5.96 | 17.69 | 18.59 | |
| Growth %, YoY | — | -41.5 | -63.1 | +196.7 | — | |
| Cash from Operations | 113.3 | 612.2 | 279.7 | 213.2 | — | |
| Capital Expenditures | -479.7 | -403.0 | -182.2 | -252.7 | — | |
| Free Cash Flow | -366.4 | 209.2 | 97.5 | -39.5 | -39.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
H.E.G (NSE: HEG) had a market capitalisation of ₹4,695 crore at the 29 October 2026 close (₹243.25 a share), a PE ratio of 13.1 on the last four quarters' profit and a price-to-book ratio of 0.99. In FY26 its consolidated net profit was ₹341 crore on revenue of ₹2,569 crore; in Q1 FY27 (April–June 2026) it was ₹122 crore, up 16.7% year on year. Its debt-to-equity ratio was 0.17 on 31 March 2026. Promoters held 60.72% of the shares on 8 September 2026.
H.E.G's PE ratio is 13.1 at the 29 October 2026 close (₹243.25 a share): a market capitalisation of ₹4,695 crore divided by consolidated net profit of ₹359 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹341 crore) it is 13.8.
H.E.G's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,758 crore on 31 March 2026, up 6.8% from ₹4,454 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,695 crore at the 29 October 2026 close.
H.E.G's book value per share was ₹246.52 on 31 March 2026: shareholders' equity of ₹4,758 crore divided by the 19.3 crore shares in issue, up 6.8% from ₹230.77 a year earlier. The share price at the 29 October 2026 close was ₹243.25.
H.E.G's price-to-book (PB) ratio is 0.99 at the 29 October 2026 close: a market capitalisation of ₹4,695 crore divided by shareholders' equity (book value) of ₹4,758 crore on 31 March 2026. That is a book value of ₹246.52 per share against a share price of ₹243.25.
No. H.E.G had borrowings of ₹793 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.17. Its cash and current investments were ₹653 crore, so its net debt was ₹140 crore.
In FY26, H.E.G's return on equity (ROE) was 7.4% and its return on capital employed (ROCE) was 3.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 2.6% and ROCE 1.2%.
H.E.G's market capitalisation was ₹4,695 crore at the 29 October 2026 close: 19.3 crore shares at ₹243.25 each.
H.E.G's debt-to-equity ratio was 0.17 on 31 March 2026: borrowings of ₹793 crore against total equity of ₹4,758 crore. A year earlier, on 31 March 2025, it was 0.13.
H.E.G's basic earnings per share (EPS) were ₹17.69 in FY26, against ₹5.96 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹18.59.
H.E.G's dividend yield is 1.40% at the 29 October 2026 close: dividends of ₹3.40 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹243.25. They were ₹3.40 on 22 July 2026.
In FY26, H.E.G generated ₹213 crore of cash from operations and spent ₹253 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹39.5 crore. In FY25 it was ₹97.5 crore.
H.E.G's latest results are for Q1 FY27 (April–June 2026): consolidated net profit ₹122 crore, up 16.7% from ₹105 crore in Q1 FY26; revenue from operations ₹681 crore, up 10.4% year on year.
In 2026, H.E.G has declared one dividend: ₹3.40 with record date 22 July 2026.
Promoters held 60.72% of H.E.G on 8 September 2026, up 4.44 percentage points from 56.28% the previous quarter, according to the shareholding pattern filed with NSE.
H.E.G will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.
On 8 September 2026, H.E.G's shares were held by promoters 60.72%, foreign portfolio investors (FII/FPI) 5.30%, domestic institutions (DII) 12.76% (including mutual funds at 4.27%) and retail and other non-institutional investors 21.22%.
In FY26 (April 2025–March 2026), H.E.G's consolidated net profit was ₹341 crore, up 196.7% from ₹115 crore in FY25, on revenue from operations of ₹2,569 crore (up 18.9%). Over three years, from FY23, net profit was down 35.9%.
At the 29 October 2026 closing prices, on FY26 net profit, H.E.G's PE ratio is 13.8, the lowest of the four: Graphite India 83.3, Gallantt Ispat 28.5 and Finolex Cables 25.0, a peer average of 45.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Graphite India, Gallantt Ispat and Finolex Cables: H.E.G's operating margin of 7.2% is the third highest of the four (Graphite India 3.7%, Gallantt Ispat 13.3%, Finolex Cables 8.9%; peer average 8.6%); its return on equity of 7.4% is the third highest of the four (Graphite India 3.0%, Gallantt Ispat 15.7%, Finolex Cables 12.3%; peer average 10.4%); its revenue growth over three years of 1.4% a year is the third highest of the four (Graphite India −3.6% a year, Gallantt Ispat 3.1% a year, Finolex Cables 12.2% a year; peer average 3.9% a year).
In FY26, H.E.G earned net profit of ₹341 crore on revenue of ₹2,569 crore, against ₹175 crore on ₹2,852 crore for Graphite India. H.E.G's operating margin was 7.2% (Graphite India 3.7%) and its return on equity 7.4% (Graphite India 3.0%). At the 29 October 2026 close, H.E.G's market capitalisation was ₹4,695 crore against ₹14,575 crore for Graphite India, and its PE ratio on FY26 profit 13.8 against 83.3.
From H.E.G's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.