H.E.G. balance sheet

As of Mar 2026

Total assets: ₹6,166cr+9.2% on Mar 2025
Shareholders' equity: ₹4,758cr+6.8% on Mar 2025
Total debt: ₹793cr+35.1% on Mar 2025
Cash and investments: ₹443cr−0.1% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	1,743	1,892	1,769	1,348
	224	70.9	212	472
	6.2	6.5	6.9	7.2
	0.9	0.9	0.0	0.0
	1.0	1.2	1.2	0.3
	0.7	0.5	—	—
	742	589	595	516
	333	418	281	219
	50.6	1.0	0.9	0.8
	46.2	53.3	46.3	35.5
	430	472	328	256
	46.9	105	105	147
	78.2	52.6	53.6	93.0
	3,272	3,192	3,072	2,839
	1,134	1,255	1,194	1,440
	403	393	324	124
	500	445	508	489
	40.6	50.8	137	33.3
	210	96.3	273	657
	209	0.8	0.7	0.6
	87.7	68.9	46.2	23.4
	1,449	1,054	1,289	1,327
	310	147	147	85.2
	2,893	2,457	2,630	2,852
	6,166	5,648	5,701	5,692
Equity
	38.6	38.6	38.6	38.6
	4,719	4,415	4,387	4,242
	4,758	4,454	4,426	4,281
	4,758	4,454	4,426	4,281
Liabilities
	0.0	2.2	0.0	0.0
	2.6	—	2.7	1.4
	2.6	2.2	2.7	1.4
	7.5	6.8	5.0	3.1
	82.9	94.9	96.0	86.8
	4.8	5.0	4.2	3.7
	97.8	109	108	94.9
	793	585	619	741
	401	399	425	412
	76.2	64.5	93.0	124
	1,270	1,049	1,138	1,277
	8.3	4.6	4.2	5.1
	12.6	14.2	11.7	14.4
	18.9	18.0	13.9	19.7
	1,310	1,085	1,168	1,316
	1,408	1,194	1,275	1,411
	6,166	5,648	5,701	5,692
Trade payables — MSME split
	26.2	11.1	—	—
	375	388	—	—

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HEG₹243.25

H.E.G. Ltd.

· Capital Goods & Defence

₹ CrorePeersGRAPHITE GALLANTT FINCABLES EMMVEE JINDALSAW ELGIEQUIP ELECON JWLMcap ₹4,695 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	1,348.2	1,769.1	1,892.2	1,743.4	1,743.4
+ Capital Work-in-Progress	472.0	212.3	70.9	223.6	223.6
+ Investment Property	7.2	6.9	6.5	6.2	6.2
+ Goodwill	0.0	0.0	0.9	0.9	0.9
+ Other Intangibles	0.3	1.2	1.2	1.0	1.0
+ Intangibles under Development	—	—	0.5	0.7	0.7
+ Investments (Equity Method)	516.2	594.9	589.3	741.7	741.7
+ Non-current Investments	219.3	281.2	417.9	333.1	333.1
+ Long-term Loans	0.8	0.9	1.0	50.6	50.6
+ Other Non-current Financial Assets	35.5	46.3	53.3	46.2	46.2
Non-current Financial Assets	255.5	328.3	472.2	429.9	429.9
+ Deferred Tax Assets	146.9	105.1	105.4	46.9	46.9
+ Other Non-current Assets	93.0	53.6	52.6	78.2	78.2
Total Non-current Assets	2,839.4	3,071.5	3,191.6	3,272.4	3,272.4
Current Assets
+ Inventories	1,440.1	1,194.2	1,254.6	1,133.7	1,133.7
+ Current Investments	123.7	323.6	393.1	402.7	402.7
+ Trade Receivables	489.1	508.2	444.7	499.5	499.5
+ Cash & Cash Equivalents	33.3	137.1	50.8	40.6	40.6
+ Other Bank Balances	657.1	273.2	96.3	209.5	209.5
+ Short-term Loans	0.6	0.7	0.8	209.2	209.2
+ Other Current Financial Assets	23.4	46.2	68.9	87.7	87.7
Current Financial Assets	1,327.1	1,289.0	1,054.5	1,449.3	1,449.3
+ Other Current Assets	85.2	146.7	147.4	310.4	310.4
Total Current Assets	2,852.5	2,629.8	2,456.6	2,893.4	2,893.4
Total Assets	5,691.9	5,701.4	5,648.2	6,165.8	6,165.8
Equity
+ Equity Share Capital	38.6	38.6	38.6	38.6	38.6
+ Other Equity / Reserves	4,242.3	4,387.3	4,415.2	4,719.3	4,719.3
Equity — Owners of Parent	4,280.9	4,425.9	4,453.8	4,757.9	4,757.9
Total Equity	4,280.9	4,425.9	4,453.8	4,757.9	4,757.9
Liabilities
+ Borrowings — Non-current	0.0	0.0	2.2	0.0	0.0
+ Other Non-current Financial Liab	1.4	2.7	—	2.6	2.6
Non-current Financial Liabilities	1.4	2.7	2.2	2.6	2.6
+ Provisions — Non-current	3.1	5.0	6.8	7.5	7.5
+ Deferred Tax Liabilities	86.8	96.0	94.9	82.9	82.9
+ Other Non-current Liabilities	3.7	4.2	5.0	4.8	4.8
Non-current Liabilities	94.9	107.9	108.9	97.8	97.8
+ Borrowings — Current	740.9	619.4	584.9	793.3	793.3
+ Trade Payables	412.0	425.3	399.3	400.8	400.8
+ Other Current Financial Liab	124.1	93.0	64.5	76.2	76.2
Current Financial Liabilities	1,276.9	1,137.7	1,048.7	1,270.2	1,270.2
+ Provisions — Current	5.1	4.2	4.6	8.3	8.3
+ Current Tax Liabilities	14.4	11.7	14.2	12.6	12.6
+ Other Current Liabilities	19.7	13.9	18.0	18.9	18.9
Current Liabilities	1,316.1	1,167.6	1,085.5	1,310.0	1,310.0
Total Liabilities	1,411.0	1,275.4	1,194.4	1,407.8	1,407.8
Total Equity & Liabilities	5,691.9	5,701.4	5,648.2	6,165.8	6,165.8
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	11.1	26.2	26.2
+ Dues to Other Creditors — Current	—	—	388.2	374.5	374.5

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.