HEG Peer Comparison

NSE: HEG | BSE: 509631

₹237.17

₹-9.82 (-3.98%)

As on 08-Oct-2026IST

Market cap

₹7,820 Cr

Revenue (TTM)

₹2,640 Cr

P/E Ratio

21.8

P/B Ratio

0.9

Div. Yield

1.4 %

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	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Market cap (₹ Cr)	7,820	15,674	383	187	21
Revenue (₹ Cr)	2,640	3,029	115	50	0
Net Profit (₹ Cr)	229.20	209.00	12.20	19.20	-0.16
Net Margin (%)	7.63	6.22	9.89	30.55	-21.30
RoE (%)	7.51	3.72	9.51	10.71	-4.81
Price to Earnings	21.79	73.59	31.43	9.74	--
Price-To-Book	0.94	2.60	2.82	0.97	6.41

Income Statement (₹ Cr)

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Operating Revenue	2,568.50	2,851.72	121.62	54.74	1.81
Total Income	2,709.49	3,025.75	128.98	67.49	2.29
Total Expenditure	2,170.19	2,650.77	114.88	36.58	2.46
EBITDA	398.31	200.95	6.74	18.17	-0.65
Depreciation	213.21	95.13	2.04	0.71	0.40
EBIT	185.10	105.82	4.70	17.46	-1.04
Interest	37.21	25.07	0.06	0.02	0.16
Other Income	140.98	174.03	7.35	12.75	0.48
Exceptional Items	--	-10.64	--	--	0.86
Profit before Tax	404.38	244.14	12.00	30.19	0.14
Provision for Tax	66.41	73.06	2.94	8.95	-0.08
Profit after Tax	337.98	171.08	9.06	21.24	0.22

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Shareholder's Funds	4,757.92	5,859.05	129.34	187.68	3.42
Minority Interest	--	-2.91	--	--	--
Non-Current Liabilities	97.81	1,041.01	-3.74	0.44	-0.06
Current Liabilities	1,310.02	3,335.65	30.06	5.44	0.24
Total Liabilities	6,165.76	10,232.80	159.80	193.56	3.66

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Non-Current Assets	3,272.40	3,489.82	34.68	34.65	0.13
Current Assets	2,893.35	6,742.67	120.98	158.91	3.47
Total Assets	6,165.76	10,232.80	159.80	193.56	3.66
Total Debt*	793.28	367.34	0.00	0.00	0.00
Net Current Assets	1,583.33	3,407.02	90.92	153.47	3.23
Contingent Liabilities	111.85	121.24	1.93	0.68	--

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Cash From Operating Activities	213.20	82.54	12.23	10.99	3.18
Cash Flow from Investing Activities	-320.26	-124.31	-3.27	-5.92	0.18
Cash from Financing Activities	96.89	-46.32	-0.05	-5.75	-3.31
Net Cash Inflow / Outflow	-10.18	-88.09	8.91	-0.67	0.06

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
ROCE (%)	8.34	4.39	9.67	16.80	5.51
ROE (%)	7.34	2.92	7.26	11.81	5.77
ROA (%)	5.72	1.69	6.15	11.45	4.13
EBIT Margin (%)	21.00	13.15	11.59	56.48	-9.24
Net Margin (%)	12.47	5.65	7.02	31.47	9.49
Cash Profit Margin (%)	21.42	9.34	9.12	40.09	33.81

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Revenue Growth (%)	19.32	11.39	77.34	1.37	-64.91
EBIT Growth (%)	39.22	-45.80	206.16	7.88	-63.19
Net Profit Growth (%)	184.96	-62.66	434.90	1.97	115.94
EPS Growth (%)	197.48	-62.06	434.90	1.97	-18.82
Book Value Growth (%)	6.83	-0.12	7.65	9.18	-16.91

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Price / Earnings	30.67	68.71	39.78	9.59	0.00
Price / Book Value	2.20	2.06	2.78	1.09	5.84
Dividend Yield (%)	0.63	1.14	0.59	2.83	0.00
EV/EBITDA	20.41	32.98	24.10	6.54	-99.58
Market Cap (₹ Cr)	10,466.14	12,047.38	360.19	203.71	19.99

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Debt to Equity	0.17	0.06	0.00	0.00	0.00
Short term debt to equity ratio	0.17	0.06	--	--	--
Current Ratio	2.21	2.02	4.02	29.20	14.74
Quick Ratio	1.34	1.67	3.00	28.51	14.56
Interest Coverage	11.87	10.74	202.34	1,255.18	1.88

	HEG	Graphite India	De Nora India	Panasonic Carbon	South Asian
Debtors to sales (%)	19.45	23.40	9.66	8.27	1.55
Asset Turnover	0.44	0.28	0.83	0.30	0.34
Receivable days	66.97	72.66	37.76	31.34	17.24
Inventory Days	169.39	151.94	93.28	24.09	17.29
Payable days	137.30	75.76	44.51	61.28	136.75
Cash Conversion Cycle	99.05	148.84	86.53	-5.84	-102.22

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.