HEG
|
The Current P/B Ratio of HEG is 2.38.
| Share Price | ₹549.3 | Nov 07,2025 |
| Market Cap | ₹10,600.5 Cr | |
| Book Value | ₹4,453.8 Cr | Mar2025 - Consolidated Results |
| Price/Book | 2.38x | 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 [ ₹10,600.5 Cr] as on Nov 07,2025
(/) Book Value [ ₹4,453.8 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 2.38x ]
Thus, for HEG , the investors are currently willing to pay '2.38 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 | 4,453.77 | 2.38 | 10,600.5 |
| GRAPHITE INDIA LTD | 5,865.90 | 1.93 | 11,294.7 |
| ESAB INDIA LTD | 361.25 | 20.31 | 7,336.0 |
| ADOR WELDING LTD | 515.70 | 3.48 | 1,794.5 |
| DIFFUSION ENGINEERS LTD | 368.88 | 3.79 | 1,397.7 |
| DE NORA INDIA LTD | 120.15 | 3.45 | 414.1 |
| GEE LTD | 122.13 | 3.55 | 434.2 |
| PANASONIC CARBON INDIA COMPANY LTD | 171.90 | 1.35 | 231.8 |
| D&H INDIA LTD | 46.98 | 2.57 | 120.9 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PB Analysis vs HEG 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.35x |
| Max industry PB | 20.31x |
| Median industry PB | 3.45x |
| Average industry PB | 4.76x |
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