Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
HEG, an LNJ Bhilwara group company, manufactures graphite electrodes used in electric-arc-furnace steelmaking at its Mandideep, Madhya Pradesh plant — one of the largest single-site electrode facilities globally — with a majority of output exported. It has captive power generation and is diversifying into graphite anode material for lithium-ion batteries through The Advanced Carbons Company (TACC). Earnings swing sharply with global electrode prices and EAF steel utilisation.
One of the world's larger graphite electrode producers from a single site.
H.E.G. Ltd. is a constituent of NIFTY 500, NIFTY SMALLCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from H.E.G. Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
Per-share figures are not restated. Shares outstanding changed from 3.86 crore to 19.30 crore in FY25, consistent with a bonus issue or stock split. Each year's EPS and book value below are as that year was filed, on that year's share count — so the per-share line falls across FY25 even where profit did not. Compare the absolute figures (EBITDA, free cash flow, total debt) and the margins across that boundary, not the per-share ones.
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 17.69 | 5.96 | 80.75 |
| Book value / share (₹) | 246.52 | 230.77 | 1,146.73 |
| Return on equity | 7.2% | 2.6% | 7.0% |
| Return on capital employed | 3.8% | 1.2% | 4.6% |
| Operating margin | 7.2% | 2.5% | 8.7% |
| Net margin | 13.3% | 5.3% | 13.0% |
| EBITDA | ₹398 Cr | ₹255 Cr | ₹382 Cr |
| Free cash flow | ₹-39 Cr | ₹97 Cr | ₹209 Cr |
| Total debt | ₹793 Cr | ₹587 Cr | ₹619 Cr |
| Debt to equity | 0.17 | 0.13 | 0.14 |
| Interest coverage | 5.0 | 1.4 | 5.8 |
| Current ratio | 2.21 | 2.26 | 2.25 |
| Shares outstanding | 19,30,00,000 | 19,30,00,000 | 3,85,96,000 |
Open the full income statement, balance sheet and cash flow for HEG →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.