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HEG Ltd
NSE: HEG BSE: 509631
â‚ą657.25
(0.30%)
Sun, 09 Aug 2026, 09:13 am
Market Cap (in Cr)12687.31
PE Ratio35.34
Dividend0.52
Electronic Technology
Electronic Components
24.5KHEG Analysis
dividend
- Dividends per share have increased over the past 10 years.
- Dividends paid are well covered by earnings (3.2x coverage).
- HEG's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- HEG's dividend is above the markets top 25% of dividend payers in India (3.08%).
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
health
- HEG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- HEG is profitable, therefore cash runway is not a concern.
- HEG is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (124.4%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 5x debt.
- HEG's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (93.4% vs 16% today).
- HEG earns more interest than it pays, coverage of interest payments is not a concern.
- HEG's level of debt (16%) compared to net worth is satisfactory (less than 40%).
- High level of physical assets or inventory.
management
- The tenure for the HEG board of directors is about average.
- Ravi's remuneration is higher than average for companies of similar size in India.
- Ravi's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- The average tenure for the HEG management team is less than 2 years, this suggests a new team.
misc
- HEG is not covered by any analysts.
- HEG has significant price volatility in the past 3 months.
past
- HEG has delivered over 20% year on year earnings growth in the past 5 years.
- HEG used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.
- HEG has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
- HEG has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- HEG's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- HEG's 1-year earnings growth is negative, it can't be compared to the IN Electrical industry average.
value
- HEG's share price is below the future cash flow value, and at a moderate discount (> 20%).
- HEG's share price is below the future cash flow value, and at a substantial discount (> 40%).
- HEG is good value based on earnings compared to the IN Electrical industry average.
- HEG is good value based on earnings compared to the India market.
- BSE:509631 is up 17% outperforming the Electrical industry which returned 9.3% over the past month.
- BSE:509631 is up 17% outperforming the market in India which returned 8% over the past month.
- HEG is overvalued based on assets compared to the IN Electrical industry average.
- 509631 underperformed the Electrical industry which returned -33.5% over the past year.
- 509631 underperformed the Market in India which returned -14.5% over the past year.