Hindustan Electro Graphite Limited Stock Price Today (NSE: HEG)
Fundamental Score
Hindustan Electro Graphite Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Hindustan Electro Graphite Limited share price today is ₹657.25, down 0.30% on NSE/BSE as of 31 July 2026. Hindustan Electro Graphite Limited (HEG) is a Mid-cap company in the Electrodes & Refractories sector with a market capitalisation of ₹11.31K (Cr). The 52-week high for HEG share price is ₹690.00 and the 52-week low is ₹459.80. At a P/E ratio of 33.07x, HEG is currently trading below its industry average P/E of 39.78x. The company has a Return on Equity (ROE) of 7.42% and a debt-to-equity ratio of 0.17.
Hindustan Electro Graphite Limited Share Price Chart — NSE/BSE Historical Performance
Hindustan Electro Graphite Limited share price chart: 25.80% return over the past month. 52-week high ₹690.00, 52-week low ₹459.80.
Hindustan Electro Graphite Limited — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹665.50 | ₹666.00 | ₹648.00 | ₹657.25 | 12.55L (Cr) | |
| ₹675.00 | ₹683.00 | ₹656.00 | ₹659.25 | 20.77L (Cr) | |
| ₹650.05 | ₹675.00 | ₹636.15 | ₹672.65 | 24.61L (Cr) | |
| ₹653.00 | ₹659.55 | ₹643.85 | ₹651.05 | 14.45L (Cr) | |
| ₹650.00 | ₹663.90 | ₹635.50 | ₹652.50 | 33.78L (Cr) | |
| ₹608.00 | ₹654.00 | ₹608.00 | ₹643.15 | 77.37L (Cr) | |
| ₹614.00 | ₹675.90 | ₹599.30 | ₹623.85 | 188.01L (Cr) | |
| ₹589.77 | ₹604.58 | ₹587.43 | ₹601.55 | 11.67L (Cr) | |
| ₹585.00 | ₹596.60 | ₹582.70 | ₹594.30 | 10.36L (Cr) | |
| ₹610.10 | ₹611.00 | ₹583.20 | ₹587.35 | 15.22L (Cr) |
Hindustan Electro Graphite Limited — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹517.05 | ₹683.00 | ₹509.10 | ₹657.25 | +27.12% | |
| ₹570.00 | ₹571.10 | ₹505.00 | ₹516.70 | -9.35% | |
| ₹596.05 | ₹637.50 | ₹564.30 | ₹566.85 | -4.90% | |
| ₹555.00 | ₹690.00 | ₹540.50 | ₹596.05 | +7.40% | |
| ₹552.50 | ₹590.00 | ₹470.80 | ₹542.40 | -1.83% | |
| ₹525.00 | ₹600.00 | ₹506.00 | ₹577.70 | +10.04% | |
| ₹626.00 | ₹644.90 | ₹516.60 | ₹542.00 | -13.42% | |
| ₹527.70 | ₹672.00 | ₹510.75 | ₹623.85 | +18.22% | |
| ₹591.00 | ₹606.55 | ₹490.95 | ₹527.70 | -10.71% | |
| ₹507.45 | ₹598.00 | ₹504.10 | ₹591.00 | +16.46% | |
| ₹466.60 | ₹532.50 | ₹465.15 | ₹504.90 | +8.21% | |
| ₹535.85 | ₹542.65 | ₹459.80 | ₹462.00 | -13.78% |
AI Research Briefing
Powered by Gemini · 2026-04-15
HEG is a cyclical bet on green steel, but faces near-term pricing pressures and restructuring risks.
WHAT'S HAPPENING NOW (last 2-4 weeks)
HEG shares jumped nearly 14% on March 27, 2026, following GrafTech's announcement of a global price hike for graphite electrodes from $600 to $1,200 per metric tonne. This boosted sentiment for Indian manufacturers like HEG and Graphite India. HEG is also undergoing a corporate restructuring, with shareholder and creditor meetings scheduled for May 5, 2026, to approve the Composite Scheme of Arrangement.
CORE STORY (THE REAL GAME)
- GrafTech's price hike signals potential recovery in graphite electrode prices
- Increasing EAF adoption drives long-term demand
- Corporate restructuring aims to unlock value
- Further increases in graphite electrode prices
- Faster-than-expected adoption of EAF steelmaking
- Successful completion of the corporate restructuring
- Uneven demand and pricing pressure from China
- Risk of shareholder or creditor rejection of restructuring
- Negative free cash flow
FII holdings increased by 0.68% and DII holdings increased by 0.39%
The global steel industry's shift towards Electric Arc Furnaces (EAF) presents a long-term tailwind.
No, Free Cash Flow 5Y: ₹-56.31 Cr
HEG's future hinges on the successful execution of its restructuring and the sustained recovery of graphite electrode prices. The shift towards green steel offers long-term potential, but near-term volatility is expected.
Primary Thesis Risk
A sustained downturn in graphite electrode prices will crush the thesis.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Hindustan Electro Graphite Limited Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Hindustan Electro Graphite Limited Fundamental Analysis & Valuation Benchmarking
Educational evaluation of HEG across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Strong Operating Margins (18.60%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Consistent Growth Track Record (15.41% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (46.19% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (46.19% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.17)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (11.89x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (56.28%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
4 factors identified
Below-Average Return on Equity (7.42%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (8.35%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Profit Decline Concern (-72.60%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Negative Free Cash Flow (₹-552.02 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Hindustan Electro Graphite Limited vs Electrodes & Refractories Peers
Peer Comparison - Electrodes & Refractories
Compare Hindustan Electro Graphite Limited with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
51.6/100 | ₹657.25₹657 | ₹11307.75₹11307.75 | 33.07Average 33.1 Average | 7.42%Poor 7.42% Poor | 8.35%Poor 8.35% Poor | 0.17Excellent 0.2 Excellent | 46.19%Excellent 46.19% Excellent | 15.41%Excellent 15.41% Excellent | 0.58% | |
Graphite India LtdGraphite India ... GRAPHITE • 509488 | 49.9/100 | ₹656.40₹656 | ₹12220.80₹12220.80 | 67.08Average 67.1 Average | 3.11%Poor 3.11% Poor | 4.58%Poor 4.58% Poor | 0.06Excellent 0.1 Excellent | 51.39%Excellent 51.39% Excellent | 7.81%Good 7.81% Good | 1.12% |
Vesuvius India LtdVesuvius India ... VESUVIUS • 520113 | 60.2/100 | ₹443.75₹444 | ₹9476.27₹9476.27 | 36.36Average 36.4 Average | 15.02%Good 15.02% Good | 21.34%Excellent 21.34% Excellent | 0.01Excellent 0.0 Excellent | 34.38%Excellent 34.38% Excellent | 21.60%Excellent 21.60% Excellent | 0.32% |
RHI Magnesita India LtdRHI Magnesita I... RHIM • 534076 | 32/100 | ₹388.55₹389 | ₹8378.77₹8378.77 | 76.07Average 76.1 Average | 2.91%Poor 2.91% Poor | 6.52%Poor 6.52% Poor | 0.13Excellent 0.1 Excellent | -4.22%Poor -4.22% Poor | 24.02%Excellent 24.02% Excellent | 0.62% |
74.2/100 | ₹1216.30₹1216 | ₹5799.49₹5799.49 | 92.51Average 92.5 Average | 24.27%Excellent 24.27% Excellent | 30.30%Excellent 30.30% Excellent | 0.02Excellent 0.0 Excellent | 42.21%Excellent 42.21% Excellent | 31.82%Excellent 31.82% Excellent | 0.08% | |
MONOLITHSMMONOLITHSM... MONOLITH • | 48.8/100 | ₹858.20₹858 | ₹1665.30₹1665.30 | 72.31Average 72.3 Average | 27.76%Excellent 27.76% Excellent | 34.79%Excellent 34.79% Excellent | 0.05Excellent 0.1 Excellent | — — | — — | 0.00% |
Ifgl Refractories LtdIfgl Refractori... IFGLEXPOR • 540774 | 35.5/100 | ₹208.57₹209 | ₹1598.70₹1598.70 | 43.20Average 43.2 Average | 3.24%Poor 3.24% Poor | 4.90%Poor 4.90% Poor | 0.18Excellent 0.2 Excellent | -10.86%Poor -10.86% Poor | 13.14%Good 13.14% Good | 0.97% |
Morgan Ventures LimitedMorgan Ventures... MORGAN • 523160 | 72/100 | ₹45.32₹45 | ₹767.11₹767.11 | 26.05Average 26.1 Average | 21.66%Excellent 21.66% Excellent | 33.05%Excellent 33.05% Excellent | 0.01Excellent 0.0 Excellent | 125.96%Excellent 125.96% Excellent | 9.98%Good 9.98% Good | 0.91% |
Orient Ceratech LtdOrient Ceratech... ORIENTCER • 504879 | 51.5/100 | ₹40.97₹41 | ₹506.56₹506.56 | 25.60Average 25.6 Average | 6.89%Poor 6.89% Poor | 9.16%Poor 9.16% Poor | 0.08Excellent 0.1 Excellent | 11.62%Good 11.62% Good | 6.05%Good 6.05% Good | 0.59% |
De Nora India LtdDe Nora India L... DENORA • 590031 | 42.3/100 | ₹906.40₹906 | ₹488.81₹488.81 | 53.95Average 54.0 Average | 7.26%Poor 7.26% Poor | 9.62%Poor 9.62% Poor | 0.00Excellent 0.0 Excellent | 9.75%Good 9.75% Good | 19.20%Excellent 19.20% Excellent | 0.00% |
Panasonic Carbon India Co LtdPanasonic Carbo... PANCARBON • 508941 | 44.5/100 | ₹460.70₹461 | ₹222.91₹222.91 | 10.50Average 10.5 Average | 11.80%Average 11.80% Average | 16.79%Good 16.79% Good | 0.00Excellent 0.0 Excellent | 2.34%Average 2.34% Average | 2.28%Average 2.28% Average | 2.58% |
Top Electrodes & Refractories Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Graphite India Ltd share price12220.80 Cr
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Hindustan Electro Graphite Limited PE Ratio History
Historical price-to-earnings ratio for HEG — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹5.96 | ₹623.85 | 104.7x |
| FY 2024 | ₹16.15 | ₹510.20 | 31.6x |
| FY 2023 | ₹27.59 | ₹381.67 | 13.8x |
| FY 2022 | ₹22.34 | ₹206.07 | 9.2x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Hindustan Electro Graphite Limited Dividend History
Annual cash dividends paid by HEG — dividend yield 0.58%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹87.25 Cr |
| FY 2024 | ₹163.50 Cr |
| FY 2023 | ₹153.84 Cr |
| FY 2022 | ₹12.09 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Hindustan Electro Graphite Limited Quarterly Performance
Latest quarterly metrics for HEG — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
12.42%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-72.60%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
15.41%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
46.19%
Compounded annual net profit growth over 5 years
Hindustan Electro Graphite Limited Technical Indicators
SMA 50, SMA 200, RSI and volume signals for HEG — calculated from daily price history
Momentum is strong — price may be stretched. Watch for pullbacks.
Technical indicators are for educational purposes only. Not investment advice.
Hindustan Electro Graphite Limited Financial Statements
Annual income statement, balance sheet and cash flow for Hindustan Electro Graphite Limited (HEG) — sourced from NSE/BSE filings.
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About HEG (Hindustan Electro Graphite Limited)
Hindustan Electro Graphite Limited is a cornerstone of India's industrial landscape, renowned for its expertise in electrodes and refractories. With decades of experience, HEG has ...established itself as a leading manufacturer of graphite electrodes, vital components used in the electric arc furnace (EAF) steelmaking process. The company's commitment to innovation and quality has allowed it to develop a diverse range of graphite products, catering to the specific needs of steel manufacturers both domestically and globally. HEG's advanced manufacturing facilities and rigorous quality control measures ensure that its electrodes deliver exceptional performance, contributing to the efficiency and productivity of steel production processes. HEG's product portfolio extends beyond graphite electrodes to encompass a variety of specialized graphite and carbon products. These include graphite blocks and rounds, carbon specialties, and custom-machined components, serving diverse applications across industries such as metallurgy, chemical processing, and aerospace. The company's ability to tailor solutions to meet specific customer requirements has solidified its reputation as a trusted partner for businesses seeking high-performance graphite materials. HEG's dedication to research and development enables it to stay at the forefront of technological advancements, continuously refining its products and processes to meet the evolving needs of its customers. Beyond its core electrode business, Hindustan Electro Graphite Limited also operates in the power generation sector. HEG leverages its expertise in thermal power plants to contribute to India's energy infrastructure. While electrodes and refractories remain its primary focus, the company's involvement in power generation showcases its diversification and commitment to supporting India's industrial growth. HEG's integrated approach, combining its strengths in manufacturing and energy, positions it as a key player in driving progress across multiple sectors of the Indian economy. The company's unwavering commitment to sustainability and responsible business practices ensures that it operates in a manner that benefits both its stakeholders and the environment.
Company Details
Key Leadership
Corporate Events
Latest News
HEG Share Price: Frequently Asked Questions
What is the current share price of Hindustan Electro Graphite Limited?
Hindustan Electro Graphite Limited (HEG) trades at ₹657.25 on NSE and BSE. Market cap ₹11.31K (Cr). Educational data only.
What is the P/E ratio of Hindustan Electro Graphite Limited?
Hindustan Electro Graphite Limited has a P/E of 33.07x vs industry average 39.78x.
What is the Bull Run score for Hindustan Electro Graphite Limited?
Hindustan Electro Graphite Limited has a Bull Run score of 51.6/100 based on 25+ financial parameters.
Does Hindustan Electro Graphite Limited pay dividends?
Hindustan Electro Graphite Limited has a dividend yield of 0.58%. Past dividends don't guarantee future payments.
What is the ROE of Hindustan Electro Graphite Limited?
Hindustan Electro Graphite Limited has ROE of 7.42%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Hindustan Electro Graphite Limited?
Hindustan Electro Graphite Limited has debt-to-equity of 0.17.
Is Hindustan Electro Graphite Limited a good investment?
Bull Run gives Hindustan Electro Graphite Limited a score of 51.6/100. This is not investment advice — consult a SEBI-registered advisor.