H.E.G. enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


4,697	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
443	443	444	461	157
793	793	587	619	741
5,047	—	—	—	—
350	350	143	159	584
₹261.50	—	—	—	—

5,551	5,551	5,041	5,045	5,022
14.3%	14.3%	11.6%	12.3%	14.8%
0.16×	—	—	—	—

1.91×	—	—	—	—
19.19×	—	—	—	—
94.96×	—	—	—	—
2,640	2,569	2,160	2,395	2,467
263	398	255	382	618
53.2	185	54.5	208	516
—	213	280	612	113
−39.5	−39.5	97.5	209	−366
—	−48.5	86.8	199	−372
—	253	182	403	480

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

alphave

HEG₹243.37

H.E.G. Ltd.

· Capital Goods & Defence

₹ CrorePeersGRAPHITE GALLANTT FINCABLES EMMVEE JINDALSAW ELGIEQUIP ELECON JWLMcap ₹4,697 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

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	—	—	—	—	4,697.0
- 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	—	—	—	—	5,047.0
Net Debt (memo)	583.9	158.7	143.3	350.0	350.0
EV per Share	—	—	—	—	261.50

Total Capital	5,021.8	5,045.3	5,040.9	5,551.2	5,551.2
Total Debt/Total Capital	14.75	12.28	11.65	14.29	14.29
Total Debt/EV	—	—	—	—	0.16

EV/Sales	—	—	—	—	1.91
EV/EBITDA	—	—	—	—	19.19
EV/EBIT	—	—	—	—	94.96
Reference Items — Trailing FY Values
Sales	2,467.2	2,394.9	2,159.7	2,568.5	2,639.6
EBITDA	618.4	382.4	255.1	398.3	263.0
EBIT	516.1	207.8	54.5	185.1	53.2
Operating Cash Flow	113.3	612.2	279.7	213.2	—
Free Cash Flow	-366.4	209.2	97.5	-39.5	-39.5
FCFF (free cash flow to the firm)	-372.0	198.9	86.8	-48.5	—
Capital Expenditure	479.7	403.0	182.2	252.7	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

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%.