HEG
OVERVALUEDHEG Limited
Metals · NSE
↓ 158.4% vs fair value
52W Low
₹406
+36.0% from low
52W High
₹672
-17.8% from high
Valuation Gauge
Current Price
₹552
Fair Value
₹214
Fair Value Analysis
₹214
Based on balance sheet strength analysis and earnings multiple (EV/EBITDA) for Metals sector companies | CAUTION: ROCE declining (latest 5.1%) — returns on capital are falling; verify this isn't a value trap. | COVID impact: PAT dropped from ₹3026Cr (FY2019) to ₹-18Cr (FY2021); recovery incomplete. CAGR uses pre-COVID base.
Balance Sheet Value
40% weight
EV/EBITDA Multiple
60% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Solid Fundamentals
Profitability
ROE of 5.0% is below the Metals sector benchmark of 12%
Debt & Leverage
D/E ratio of 0.1x is well within the Metals sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 20.3x trades at a 67% discount to Metals sector median (61x) — attractively valued
Cash Flow
FCF margin of 4.5% — thin cash generation, watch capex trends
Earnings Growth
5yr EPS CAGR of -35.6% — severe earnings decline
Dividend
Dividend yield of 0.3% is symbolic — low but positive
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
0.7%
Free cash flow / market cap
Revenue Growth (YoY)
-4.3%
Year-on-year revenue change
Profit Growth (YoY)
+1262.4%
Year-on-year PAT change
Operating Cash Flow
₹280 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹27
P/E Ratio
20.3x
P/B Ratio
2.3x
ROE
5%
ROCE
4.2%
Debt / Equity
0.14x
Beta
0.85
Div Yield
0.3%
FCF (Cr)
₹97 Cr
Revenue (Cr)
₹2,144 Cr
EPS Growth 5Y
-35.6%
Mkt Cap (Cr)
₹10,614 Cr
52W High
₹672
52W Low
₹406.1
Book Value/Share
₹241.9
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹2.5K Cr | ₹300 Cr | 12.0% | ₹381 Cr | ₹19.77 |
| 2025-03-31 | ₹2.2K Cr | ₹255 Cr | 12.0% | ₹115 Cr | ₹5.96 |
| 2024-03-31 | ₹2.4K Cr | ₹382 Cr | 16.0% | ₹312 Cr | ₹16.15 |
| 2023-03-31 | ₹2.5K Cr | ₹619 Cr | 25.0% | ₹532 Cr | ₹27.59 |
| 2022-03-31 | ₹2.2K Cr | ₹530 Cr | 24.0% | ₹431 Cr | ₹22.33 |
| 2021-03-31 | ₹1.3K Cr | ₹-53 Cr | -4.0% | ₹-18 Cr | ₹-0.93 |
| 2020-03-31 | ₹2.1K Cr | ₹-5 Cr | 0.0% | ₹68 Cr | ₹3.50 |
| 2019-03-31 | ₹6.6K Cr | ₹4.7K Cr | 71.0% | ₹3.0K Cr | ₹156.80 |
| 2018-03-31 | ₹2.7K Cr | ₹1.7K Cr | 63.0% | ₹1.1K Cr | ₹55.02 |
| 2017-03-31 | ₹859 Cr | ₹81 Cr | 9.0% | ₹-44 Cr | ₹-2.21 |
| 2016-03-31 | ₹870 Cr | ₹137 Cr | 16.0% | ₹4 Cr | ₹0.22 |
| 2015-03-31 | ₹1.2K Cr | ₹182 Cr | 15.0% | ₹36 Cr | ₹1.82 |
| 2014-03-31 | ₹1.4K Cr | ₹247 Cr | 17.0% | ₹81 Cr | ₹4.04 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Metals| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Jindal Saw | ₹195 | ₹436.2 | +55.3% | 10.9 | 16.0% | UNDERVALUED |
Steel City Securities Limited | ₹80.6 | ₹130.7 | +38.4% | 6.9 | 12.1% | UNDERVALUED |
Vibhor Steel Tubes Limited | ₹109.4 | ₹143.4 | +23.7% | 19.3 | 7.0% | FAIRLY_VALUED |
Hisar Metal Industries Limited | ₹143.9 | ₹186.5 | +22.9% | 30.5 | 7.1% | FAIRLY_VALUED |
Steel Strips Wheels Limited | ₹190 | ₹213.8 | +11.1% | 15.7 | 13.0% | FAIRLY_VALUED |
Hindalco Industries | ₹926.8 | ₹1,039.1 | +10.8% | 12.7 | 11.9% | FAIRLY_VALUED |
Maharashtra Seamless Limited | ₹595 | ₹656.6 | +9.4% | 9.4 | 14.0% | FAIRLY_VALUED |
Vraj Iron and Steel Limited | ₹106 | ₹113.6 | +6.7% | 13 | 6.4% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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