Market cap
₹8,807 Cr
Revenue (TTM)
₹2,680 Cr
P/E Ratio
36.1
P/B Ratio
2.6
Div. Yield
1.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 8.74 | 6.25 | 15.36 | 3.28 | 10.44 |
| EBIT | 25.98 | 116.82 | 229.40 | -26.96 | 1.71 |
| Net Profit | 42.93 | 29.73 | 6.54 | -11.44 | 7.93 |
| EPS | 42.93 | 29.73 | 6.54 | -11.44 | 7.93 |
| Book Value | -- | -- | 6.83 | 3.58 | 6.36 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 6.33 | 11.98 | 5.46 | 7.21 | 2.75 |
| Net Margin
| 6.79 | 13.90 | 8.39 | 12.47 | 5.20 |
| Return on equity
| 4.11 | 8.36 | 6.41 | 7.34 | 2.67 |
| Return on Capital
| 5.67 | 9.84 | -- | 8.34 | 4.05 |
| Return on Assets
| 3.13 | 6.35 | 4.74 | 5.72 | 2.09 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.17 | 0.13 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
5.76
|
3.93
|
7.33
|
13.53
|
|
Peer Median
|
--
|
10.05
|
18.19
|
13.55
|
--
|
ROE
6.41
Higher than Peers by 0.28
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
6.41
|
4.27
|
2.44
|
5.63
|
11.60
|
|
Peer Median
|
6.14
|
8.44
|
15.22
|
11.06
|
--
|
ROA
4.74
No difference
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
4.74
|
3.27
|
1.88
|
4.25
|
8.45
|
|
Peer Median
|
4.74
|
6.15
|
8.68
|
8.55
|
--
|
EBIT Margin
5.46
Higher than Peers by 1.86
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
5.46
|
7.46
|
2.80
|
8.74
|
20.97
|
|
Peer Median
|
3.60
|
30.18
|
6.41
|
17.90
|
--
|
Net Margin
8.39
Lower than Peers by 1.50
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
8.39
|
6.79
|
4.44
|
9.13
|
17.68
|
|
Peer Median
|
9.89
|
7.02
|
12.29
|
13.34
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
15.31
|
13.91
|
16.91
|
22.57
|
|
Peer Median
|
--
|
0.00
|
--
|
0.00
|
--
|
Revenue Growth
15.36
Higher than Peers by 13.47
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
15.36
|
19.32
|
-10.11
|
-2.93
|
12.07
|
|
Peer Median
|
1.90
|
21.02
|
-7.06
|
-1.32
|
--
|
EBIT Growth
229.40
Higher than Peers by 237.43
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
229.40
|
217.65
|
-71.18
|
-59.54
|
15.49
|
|
Peer Median
|
-8.03
|
313.16
|
17.87
|
2.12
|
--
|
Net Profit Growth
6.54
Higher than Peers by 12.80
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
6.54
|
78.37
|
-56.24
|
-49.17
|
16.62
|
|
Peer Median
|
-6.25
|
492.33
|
-43.11
|
37.40
|
--
|
EPS Growth
6.54
Higher than Peers by 13.82
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
6.54
|
78.37
|
-56.24
|
-49.17
|
16.62
|
|
Peer Median
|
-7.27
|
492.33
|
58.43
|
9.87
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
3.45
|
0.35
|
1.66
|
7.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
0.18
|
0.14
|
0.15
|
0.18
|
|
Peer Median
|
--
|
0.06
|
0.03
|
0.13
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
0.18
|
0.14
|
0.15
|
0.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.85
Lower than Peers by 2.00
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
1.85
|
1.95
|
2.19
|
2.23
|
2.16
|
|
Peer Median
|
3.85
|
2.49
|
2.50
|
2.03
|
--
|
Quick Ratio
0.93
Lower than Peers by 2.01
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
0.93
|
1.08
|
1.03
|
1.21
|
1.07
|
|
Peer Median
|
2.94
|
28.51
|
3.54
|
6.88
|
--
|
Interest Coverage
9.20
Lower than Peers by 40.46
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
9.20
|
7.62
|
4.77
|
9.82
|
24.09
|
|
Peer Median
|
49.67
|
11.87
|
60.31
|
26.22
|
--
|
Operating Efficiency
Debtors to sales
20.05
Higher than Peers by 0.66
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
20.05
|
19.45
|
20.44
|
21.22
|
19.83
|
|
Peer Median
|
19.39
|
20.05
|
19.56
|
15.77
|
--
|
Asset Turnover
0.52
Higher than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
0.52
|
0.47
|
0.40
|
0.44
|
0.46
|
|
Peer Median
|
0.40
|
0.76
|
0.38
|
0.53
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
66.62
|
79.73
|
75.80
|
79.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
169.39
|
205.91
|
200.20
|
178.56
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
134.96
|
166.33
|
132.71
|
171.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
--
|
101.05
|
119.30
|
143.29
|
86.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
36.09
Higher than Peers by 3.55
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
36.09
|
57.91
|
92.13
|
6.15
|
7.80
|
|
Peer Median
|
32.53
|
16.58
|
24.12
|
21.39
|
--
|
Price / Book Value
2.64
Higher than Peers by 0.21
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
2.64
|
2.43
|
2.24
|
1.72
|
0.87
|
|
Peer Median
|
2.43
|
2.05
|
2.22
|
3.58
|
--
|
Dividend Yield
1.28
Higher than Peers by 0.35
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
1.28
|
0.63
|
0.37
|
1.22
|
4.62
|
|
Peer Median
|
0.93
|
0.67
|
--
|
0.56
|
--
|
EV/EBITDA
16.19
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
16.19
|
22.53
|
25.29
|
13.99
|
4.96
|
|
Peer Median
|
--
|
12.78
|
11.26
|
20.79
|
--
|
Market Cap
8,807
Higher than Peers by 867
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HEG
|
8,807
|
10,466
|
9,334
|
7,116
|
3,554
|
|
Peer Median
|
7,940
|
185
|
255
|
539
|
--
|