HEG Advanced Materials Ltd.

₹244.35

9.1 (3.9%)

HEGAM Share Price

Industrial Products

As on September 25, 2026

SectorCapital Goods

IndustryIndustrial Products

Basic IndustryElectrodes & Refractories

Market Cap₹ 4,710.58 Cr

P/E Ratio13.82

Dividend Yield0.7 %

Trendline Performance

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T&C*

Technicals

Indicators	Value	Signal
5-DMA	239.66	Bullish
10-DMA	233.88	Bullish
20-DMA	386	Bearish
50-DMA	558.31	Bearish
100-DMA	557.86	Bearish
200-DMA	559.38	Bearish

Historical Performance

1 Year

-53.2%

3 Years

-29.1%

5 Years

-44.2%

10 Years

559.3%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Net Sales	25,685	21,527	23,949	24,672	22,016
Total Expenditure	21,702	18,929	20,125	18,488	16,744
Other Income	1,410	1,276	1,417	1,091	795
Operating Profit	5,393	3,874	5,241	7,275	6,068
Interest	372	392	357	260	75
Depreciation	2,132	2,005	1,747	1,023	793
Profit Before Tax	4,044	1,651	3,954	6,774	5,605
Consolidated Net Profit	3,412	1,147	3,117	5,324	4,310
Adjusted EPS	18	6	16	28	22

Compounded Sales Growth

10 Years:24.2

5 Years:15.4

3 Years:0.8

TTM:3.6

Compounded Profit Growth

10 Years:138.6

5 Years:45.8

3 Years:-8.5

TTM:24.4

Stock Price CAGR

10 Years:20.9

5 Years:-10.9

3 Years:-10.6

TTM:-51.8

Return on Equity

10 Years:-2.2

5 Years:22.3

3 Years:16.2

last year:17.7

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Share Capital	386	386	386	386	386
Total Reserves	47,193	44,152	43,873	42,423	38,750
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	978	1,089	1,079	949	1,072
Other Current Liabilities	951	825	1,070	1,437	1,627
Short Term Borrowings	7,933	5,849	6,194	7,409	6,634
Total Liabilities	61,658	56,482	57,014	56,920	54,358
Capital Work in Progress	2,236	709	2,123	4,720	6,961
Long Term Loans & Advances	1,797	1,713	1,654	2,663	2,323
Currents Investments	4,027	3,931	3,236	1,237	6,689
Short Term Loans and Advances	4,431	656	688	493	2,357
Total Current Assets	28,934	24,566	26,298	28,525	31,349
Total Assets	61,658	56,482	57,014	56,920	54,358
Adjusted Book Value	247	231	229	1,109	1,014

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a moderate PE of 13.82, suggesting fair valuation relative to earnings.
Over the last three years, the stock delivered a weak 3-year price CAGR of -10.6%, indicating poor shareholder returns.
The stock carries a high beta of 1.3, implying higher volatility and elevated risk.
In the last financial year, the company reported an EBITDA of ₹5393 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹25685 million, indicating a large and established business.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 481335.6

No. of Shares: 1970 (Approx)

Performance:-51.9%

-518664.4

NIFTY Performance: -6.1%

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