HEG Limited
Valuation (83/100) does the heavy lifting; momentum (0/100) is the drag.
Buy zoneStocksWizard rates HEG Limited a Hold, scoring 50/100 on our blended model. At ₹237.2 it trades below our blended DCF and relative-multiples fair value of ₹474.4, about 100% upside to that estimate — we read it as undervalued by 100%. On 26.6x trailing earnings it sits roughly in line with the Industrials median of about 29.0x. It's sitting close to its 52-week low of ₹237.2. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9. The average analyst target of ₹690 implies about 191% upside across 2 analysts. It clears 7 of 13 investability checks, with durability 49, valuation 65 and momentum 0 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹379.52. Low-confidence estimate — limited data.
Analyst views
1-year price
EOD · 2026-09-1252-week range
-67.91% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Hold50Piotroski F-score 6/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Fail: ROE above 15%: 7.3%
- Pass: Low debt (D/E < 0.5): 0.17x
- Fail: Positive free cash flow
- Pass: Revenue growth > 10%: 11%
- No data: Earnings growing
- Pass: Net margin ≥ 10%: 12.6%
- Pass: Current ratio > 1.5: 2.21
- Pass: Below our fair value
- Pass: Margin of safety ≥ 20%
- Fail: Above 200-day average
- Fail: Above 50-day average
- Fail: Positive 1-year return
- Pass: Altman Z in safe zone: Z 6.91
- Fail: Piotroski ≥ 7: 6/9
Quarterly results
Annual financials
Shareholding
- Promoter59.5%
- Institutions12.8%
- Public & other27.8%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
- Financially solid — Altman Z 6.91.
Opportunities
- Trading in our value buy zone versus sector peers.
- Well off its 52-week high — possible mean-reversion.
- Trades ~100% below our estimated fair value.
Bear case
Weaknesses
- Low return on equity (7.3%).
- Price below its 200-day moving average (downtrend).
- Down 53% over the past year.
About HEG Limited
HEG Limited manufactures graphite electrodes and related products for domestic and international markets. Its operations span two segments: Graphite Electrodes, which includes ultra-high power and high power electrodes, nipples, blocks, rounds, mini-rods, and custom machined components; and Power Generation. The company also produces graphite and carbon specialties, flux and heat exchanger tubes, and activated carbon fabric products.
HEG Limited — frequently asked questions
Is HEG Limited a buy, hold or sell?
StocksWizard currently rates HEG Limited (HEG) a Hold, based on a blended score of 50/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is HEG Limited's fair value?
Our blended DCF and relative-valuation model estimates HEG Limited's fair value at about ₹474.4, versus a current price of ₹237.2 — roughly 100% upside. On that basis the stock looks undervalued by 100%.
Is HEG Limited financially healthy?
HEG Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9.
How has HEG Limited's share price performed?
HEG Limited is down 53% over the past year and down 56% over three months, and last traded at ₹237.2. Past performance doesn't predict future returns.
More in Industrials
View allOur 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.