HEG
|
The Current P/B Ratio of HEG is 2.18.
| Share Price | ₹538.4 | Jun 18,2026 |
| Market Cap | ₹10,391.1 Cr | |
| Book Value | ₹4,757.9 Cr | Mar2026 - Consolidated Results |
| Price/Book | 2.18x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of HEG
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹10,391.1 Cr] as on Jun 18,2026
(/) Book Value [ ₹4,757.9 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 2.18x ]
Thus, for HEG , the investors are currently willing to pay '2.18 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of HEG !
The chart below summarizes the trend in P/B Ratio of HEG over the last five years.
Historical PB (Price/Book ) ratio chart of HEG
PB Ratio Performance Analysis for HEG
- HEG 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 1.50x.
- HEG 's operated at median p/b ratio of 1.61x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HEG 's p/b ratio peaked in Mar2025 at 2.1x.
- HEG 's p/b ratio hit its five-year low in Mar2023 of 0.83x.
How does HEG 's P/B Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?
| Peer Comparison (Electrodes & Welding Equipment Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| HEG | 4,757.92 | 2.18 | 10,391.1 |
| GRAPHITE INDIA LTD | 5,859.00 | 2.17 | 12,686.7 |
| ESAB INDIA LTD | 429.38 | 20.53 | 8,817.1 |
| ADOR WELDING LTD | 554.45 | 3.68 | 2,038.8 |
| DIFFUSION ENGINEERS LTD | 368.88 | 3.79 | 1,397.3 |
| GEE LTD | 145.16 | 3.22 | 467.8 |
| DE NORA INDIA LTD | 129.34 | 3.41 | 440.8 |
| D&H INDIA LTD | 46.98 | 5.54 | 260.4 |
| PANASONIC CARBON INDIA COMPANY LTD | 187.68 | 1.27 | 238.6 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PB Analysis vs HEG 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.27x |
| Max industry PB | 20.53x |
| Median industry PB | 3.41x |
| Average industry PB | 5.09x |
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