₹289.44
-1.34% today
· 30d +23.96%
as of 2026-11-09
Price · Daily Candles
“HEG navigates negative profits amidst FII stake surge, 1-year sales outlook remains weak.”
HEG reported a net loss of ₹114 Cr in Q4 2026, a significant downturn after annual net profit growth of 196.68% in FY26 to ₹341 Cr. Despite a 13.03% price increase over the last 6 months, FIIs increased their stake by 1.71% QoQ, even as ML sales growth predictions for the next year are weak to neutral (sales_1y_recent_2y rank 0.485).
BULL CASE
+Annual net profit soared 196.68% YoY in FY26 to ₹341 Cr, offsetting recent quarterly losses.
+FIIs demonstrably increased their holding by 1.71% in the last quarter (Q4 2026), reaching 10.24%.
+Return on Capital Employed (ROCE) stands at 8.0%, suggesting efficient capital utilization despite recent losses.
+The stock has delivered 18.89% returns over the last year, outperforming many peers.
BEAR CASE
−HEG reported a Q4 2026 net loss of ₹114 Cr, with operating profit also negative at ₹-108 Cr.
−Promoter shareholding increased by 0.15% QoQ to 56.28%, but DIIs decreased their stake by 3.52% to 8.62% in the same period.
−The 3-year revenue CAGR is negative at -1.09%, while the 5-year net profit CAGR is null.
−ML models predict weak 1-year Free Cash Flow growth (rank 0.13 for recent 2Y) and neutral sales growth (rank 0.485 for recent 2Y).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹430 Cr
-38.51% YoY
NET PROFIT
₹306 Cr
+113.54% YoY
OPM
57.22%
+28.8pp YoY
EPS
₹6.64
PE 29.72
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-0.7% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
HEG's TTM PE of 29.72 is below peers like POLYCAB (54.17) and CGPOWER (114.79), while its ROCE of 8.0% significantly lags the sector average, with peers like POLYCAB and CGPOWER at 30.94% and 34.54% respectively.
PEERPEROCE %
HEG29.728.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
56
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
5
Valuation
REASONABLE
60
Growth
STRONG
74
Profitability
HIGH
80
Technicals
NEUTRAL
50
Risk
LOW
70
Key Stats
TTM PE
29.72
P/B
2.38
52W HIGH
₹753.9
OFF HIGH
-61.61%
DIV YIELD
0.31%
MKT CAP
₹5579 Cr
◉ Active Signals
MACDBullish14.871
RSI(14)Neutral58.37
Street Consensus
2 analysts₹700.0
mean target
Low ₹650.0Now ₹289.44High ₹750.0
⧉ Strategy Fit 🔒