Search & Analyze

HEG Advanced Materials Ltd.

260.40+19.65 (+8.16%)

BSE · 04 Nov, 11:28 AM

: ₹7,939.91 Cr
: 22.12
: 5,05,119
: ₹266.80 - ₹249.90
: ₹753.90 - ₹192.00

HEG Advanced Materials Ltd. (HEGAM) share price is trading at ₹260.40 on the BSE as of November 4, 2026 at 11:28 AM, up by 8.16% from its of ₹240.75. In today's trading session HEGAM reached a of 266.80 and of 249.90. The for today is 261.19. The stands at 341.27 and is at 517.55. Looking at , the stock is moving sideways.

Stock Overview

₹249.95

₹240.75

₹261.19

₹341.27

Price 23.70% below

₹517.55

Price 49.69% below

Key Fundamentals

: 7,939.91 Cr₹7.94 Thousand Crore
: 10.88
: 22.12
: 1.63
: 147.88
: 560.68 Cr₹560.68 Crore
: 1.41 %
Sector
Industry: Electrodes & Welding Equipment
: 7.34
: 0.17

Industry Comparison

Ratio	Company	Sector
	22.12	37.43
	0.17	0.17
	1.63	4.16
	2.21	1.98
	1.41 %	0.18 %
Operating Margin	15.48 %	13.41 %

Sector figures are the median of 195 listed Capital Goods companies.

Peer Comparison

Name
GRAPHITE IN. GRAPHITE	726.45	63.15	14,193.06	0.93	94.00	23.68%	826.00	13.31%	4.39
ESAB INDIA ESABINDIA	5,534.00	156.29	8,518.50	1.38					90.72
HEG Advanced Materials Ltd. HEGAM	260.40	22.12	7,939.91	1.41	122.34	16.71%	680.79	11.10%	8.34
ADOR ADOR	1,419.05	21.53	2,469.55	1.61	26.94	7.72%	344.74	22.64%	22.31
DIFFNKG DIFFNKG	420.70	27.45	1,574.52	0.37	16.68	35.97%	110.11	36.50%	16.27
DE NORA DENORA	691.50
PANASON CAR PANCARBON	386.00

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	571.46	567.60	478.38	536.58	612.78	699.22	656.33	603.21	680.79
Expenses	532.77	470.99	398.52	587.26	507.08	580.87	513.99	751.50	530.21
	38.69	96.61	79.86	-50.68	105.70	118.35	142.34	-148.29	150.58
	6.77%	17.02%	16.69%	-9.45%	17.25%	16.93%	21.69%	-24.58%	22.12%
	20.44	42.95	111.58	48.02	60.49	112.29	101.96	39.89	43.56
Interest	8.47	9.34	9.38	12.01	8.18	8.92	9.39	10.72	9.97
	47.50	47.94	50.56	54.54	53.02	53.75	53.90	52.59	49.59
	23.73	102.67	118.57	-79.76	121.33	175.23	246.15	-144.94	165.08
	2.91%	19.86%	29.66%	13.70%	17.74%	18.20%	15.92%	18.04%	25.89%
	23.04	82.28	83.40	-73.67	104.82	143.33	206.97	-113.77	122.34
	5.97	4.26	4.32	-3.82	5.43	7.43	10.72	-5.89	6.34

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,202.32	2,471.23	2,401.43	2,170.43	2,573.25
	2,201.61	2,467.24	2,394.90	2,152.71	2,568.50
EXPENDITURE :
Increase/Decrease in Stock	-110.90	-397.08	58.39	-50.97	87.91
Raw Material Consumed	940.42	1,312.64	1,093.00	954.73	975.52
Power & Fuel Cost	271.11	315.90	310.08	331.67	369.49
Employee Cost	80.00	92.05	95.27	96.55	123.68
Other Manufacturing Expenses	223.95	248.89	227.44	247.56	261.45
General and Administration Expenses	22.68	29.33	31.59	35.39	37.57
Selling and Distribution Expenses	185.26	213.11	155.14	190.70	201.17
Miscellaneous Expenses	61.86	34.01	41.55	87.29	113.40
	1,674.39	1,848.84	2,012.47	1,892.91	2,170.19
Operating Profit (Excl OI)	527.23	618.39	382.43	259.80	398.31
	79.55	109.14	141.67	127.57	140.98
	606.77	727.53	524.10	387.37	539.29
Interest	7.49	26.01	35.74	39.20	37.21
PBDT	599.28	701.53	488.37	348.17	502.09
	79.29	102.30	174.65	200.55	213.21
Profit Before Taxation & Exceptional Items	520.00	599.22	313.71	147.63	288.87
	560.46	677.37	395.38	165.10	404.38
Provision for Tax	129.41	144.96	83.70	46.50	66.41
	431.04	532.41	311.68	118.60	337.98
Extra items			0.00	-3.55	3.39
Share of Associate				-0.35	-0.14
Consolidated Net Profit	431.04	532.41	311.68	114.70	341.23
Profit Balance B/F	3,328.02	3,747.47	4,114.78	4,262.67	4,290.49
Appropriations	3,759.06	4,279.88	4,426.46	4,377.37	4,631.72
Equity Dividend %	400.00%	425.00%	225.00%	90.00%	170.00%
	111.68	137.95	80.76	5.94	17.68
Adjusted EPS	22.34	27.59	16.15	5.94	17.68

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	38.60	38.60	38.60	38.60	38.60
Total Reserves	3,875.03	4,242.34	4,387.35	4,415.17	4,719.32
Reserve excluding Revaluation Reserve	3,875.03	4,242.34	4,387.35	4,415.17	4,719.32
Revaluation reserve		0.00	0.00
	3,913.63	4,280.94	4,425.94	4,453.77	4,757.92
Deferred Tax Assets / Liabilities	96.29	86.80	96.04	94.93	82.93
Other Long Term Liabilities	7.12	5.08	6.85	7.17	7.43
Long Term Provisions	3.81	3.06	4.98	6.80	7.45
Total Non-Current Liabilities	107.22	94.93	107.86	108.91	97.81
Trade Payables	447.89	411.95	425.30	399.29	400.78
Other Current Liabilities	162.71	143.74	106.96	82.54	95.06
Short Term Borrowings	663.40	740.91	619.38	584.86	793.28
Short Term Provisions	141.00	19.50	15.93	18.80	20.90
Total Current Liabilities	1,415.00	1,316.09	1,167.56	1,085.49	1,310.02
Total Liabilities	5,435.85	5,691.96	5,701.37	5,648.16	6,165.76
Gross Block	1,842.71	2,535.35	3,151.72	3,444.56	3,487.27
Less: Accumulated Depreciation	1,087.54	1,179.85	1,342.98	1,512.74	1,705.06
	755.17	1,355.50	1,808.74	1,931.81	1,782.22
	696.08	472.01	212.27	70.89	223.63
Non Current Investments	501.99	735.57	876.13	1,007.16	1,074.82
Long Term Investment	501.99	735.57	876.13	1,007.16	1,074.82
Long Term Loans & Advances	232.34	266.27	165.36	171.33	179.71
Other Non Current Assets	107.73	2.90	2.12	3.45	5.22
Total Non-Current Assets	2,300.91	2,839.50	3,071.53	3,191.61	3,272.40
Currents Investments	668.86	123.70	323.61	393.07	402.73
Inventories	977.81	1,440.12	1,194.15	1,254.64	1,133.74
Sundry Debtors	589.17	489.14	508.25	444.70	499.51
Cash and Bank	601.67	690.34	410.24	147.04	250.13
Other Current Assets	61.71	59.85	124.83	151.47	164.19
Short Term Loans and Advances	235.72	49.33	68.75	65.64	443.06
Total Current Assets	3,134.94	2,852.46	2,629.83	2,456.55	2,893.35
Net Current Assets (Including Current Investments)	1,719.94	1,536.37	1,462.27	1,371.07	1,583.33
Total Assets	5,435.85	5,691.96	5,701.37	5,648.16	6,165.76
	125.38	90.63	98.38	101.26	111.85
Total Debt	663.40	740.91	619.38	584.86	793.28
	1,014.01	1,109.18	1,146.75	230.79	246.55
Adjusted Book Value	202.80	221.84	229.35	230.79	246.55

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	560.46	677.37	395.38	160.37	409.27
Adjustment	-18.08	-26.12	19.46	237.79	127.53
Changes In working Capital	-554.83	-389.92	232.81	-73.73	-301.31
Cash Flow after changes in Working Capital	-12.46	261.33	647.65	324.43	235.48
Cash Flow from Operating Activities	-140.61	113.32	612.22	279.71	213.20
Cash Flow from Investing Activities	-183.36	-21.11	-184.34	-208.45	-320.26
Cash Flow from Financing Activitie	343.63	-99.95	-324.12	-159.15	96.89
Net Cash Inflow / Outflow	19.66	-7.75	103.76	-87.89	-10.18
Opening Cash & Cash Equivalents	21.37	41.04	33.29	137.05	50.76
Cash & Cash Equivalent of Subsidiaries under liquidations				1.60
Closing Cash & Cash Equivalent	41.04	33.29	137.05	50.76	40.59

Ratios

Valuation

22.12

1.63

15.13

3.01

10.88

147.88

Profitability

7.34

8.34

5.72

15.48

13.13

Leverage & Liquidity

0.17

2.21

11.87

Returns

1.41

0.44

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	55.78	55.78	55.78	55.78	55.78	55.78	56.13	56.28	56.28	60.72
	19.13	19.71	19.15	18.82	18.88	19.93	20.66	18.86	17.72	16.57
	25.08	24.50	25.07	25.40	25.34	24.28	23.21	24.86	25.99	22.71
	44.22	44.22	44.22	44.22	44.22	44.22	43.87	43.72	43.72	39.28
No. of Shareholders	1,19,399	1,18,471	1,52,166	1,53,063	1,48,036	1,41,576	1,32,314	1,37,675	1,39,601	1,50,544

Mutual Funds Invested(57)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 15 active funds hold 4.56% in HEG Advanced Materials Ltd., contributing to ₹357 Cr of holdings

Fund				As of
HD HDFC Manufacturing Fund - Growth - Direct PlanEquity - Thematic Fund - Other	97.44	0.95	41,00,000	Sep '26
SB SBI Energy Opportunities Fund - Growth - Direct PlanEnergy & Power	74.90	0.94	31,51,787	Sep '26
HD HDFC Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	60.77	0.31	25,57,048	Sep '26
ID Bandhan Small Cap Fund - Growth - Direct PlanSmall cap Fund	36.12	0.10	15,19,714	Sep '26
HD HDFC Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	24.23	0.02	10,19,731	Sep '26
MM Mahindra Manulife Business Cycle Fund - Growth - Direct PlanEquity - Thematic Fund - Other	13.32	1.03	5,60,533	Sep '26
MM Mahindra Manulife Value Fund - Growth - Direct PlanEquity - Value Fund	11.26	1.11	4,73,976	Sep '26
HD HDFC Dividend Yield Fund - Growth - Direct PlanEquity - Dividend Yield Fund	8.32	0.16	3,50,055	Sep '26
ID Bandhan Innovation Fund - Growth - Direct PlanEquity - Thematic Fund - Other	8.01	0.26	3,37,201	Sep '26
ID Bandhan Infrastructure Fund - Growth - Direct PlanInfrastructure	6.63	0.48	2,78,976	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-22	Board Meeting	Quarterly Results & Employees Stock Option Plan
2026-06-25	Board Meeting	Quarterly Results
2026-06-22	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-08-12	Sandip Somany	11-Aug-26	Market	30,000
2026-08-11	Sandip Somany	11-Aug-26	Market	30,000
2026-08-04	Nand Gopal Khaitan	Market	Buy	5,000

Sector Overview

Capital GoodsElectrodes & Welding Equipment

HEG Advanced Materials Ltd. operates in the Capital Goods sector under the Electrodes & Welding Equipment industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Ravi Gupta

Company Secretary & Compliance Officer

—

Ravi Jhunjhunwala

Chairman, Managing Director & CEO

₹10.95 Cr

Mar '25

Riju Jhunjhunwala

Vice Chairman

₹6.00 L

Mar '26

Manish Gulati

Whole Time Director

₹2.96 Cr

Mar '25

Shekhar Agarwal

Promoter & Non-Executive Director

₹10.50 L

Mar '25

Kamal Gupta

Non Executive Director

₹15.75 L

Mar '25

Jayant Davar