H.E.G. Ltd.
HEG · NSE · Industrials
With a 20% margin of safety, our buy-below price is ₹980.09. Low-confidence estimate — limited data.
Piotroski F-score 6/9 — quality of earnings & balance sheet.
Investability checklist
- ✕ROE above 15%7.3%
- ✓Low debt (D/E < 0.5)0.17x
- ✕Positive free cash flow
- ✓Revenue growth > 10%11%
- –Earnings growing
- ✓Net margin ≥ 10%12.6%
- ✓Current ratio > 1.52.21
- ✓Below our fair value
- ✓Margin of safety ≥ 20%
- ✕Above 200-day average
- ✕Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 7.07
- ✕Piotroski ≥ 76/9
1-year price
EOD · 2026-06-15Our scores
Key fundamentals
SWOT snapshot
Strengths
- •Lightly leveraged balance sheet.
- •Financially solid — Altman Z 7.07.
Weaknesses
- •Low return on equity (7.3%).
- •Price below its 200-day moving average (downtrend).
Opportunities
- •Trading in our value buy zone versus sector peers.
- •Trades ~126% below our estimated fair value.
About H.E.G. Ltd.
HEG Limited manufactures and sells graphite electrodes in India and internationally. The company operates through two segments, Graphite Electrodes and Power Generation segments. It provides ultra-high power and high power electrodes; graphite electrodes and nipples; blocks and rounds; graphite and carbon specialties; mini-rods; flux and heat exchanger tubes; custom machined components; and activated carbon fabric products
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Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.