HEG
|
The Current P/B Ratio of HEG is 3.23.
| Share Price | ₹720.6 | Aug 25,2026 |
| Market Cap | ₹13,907.6 Cr | |
| Book Value | ₹4,303.2 Cr | Mar2026 - Consolidated Results |
| Price/Book | 3.23x | 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 [ ₹13,907.6 Cr] as on Aug 25,2026
(/) Book Value [ ₹4,303.2 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 3.23x ]
Thus, for HEG , the investors are currently willing to pay '3.23 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 Mar2026 to Mar2022 averaged 1.62x.
- 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 Mar2026 at 2.2x.
- 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 | 4,303.17 | 3.23 | 13,907.6 |
| GRAPHITE INDIA LTD | 5,859.05 | 2.35 | 13,790.6 |
| ESAB INDIA LTD | 429.38 | 22.16 | 9,515.0 |
| ADOR WELDING LTD | 553.71 | 4.97 | 2,750.6 |
| DIFFUSION ENGINEERS LTD | 404.90 | 3.63 | 1,471.0 |
| GEE LTD | 204.85 | 3.36 | 688.4 |
| DE NORA INDIA LTD | 129.34 | 3.36 | 434.0 |
| D&H INDIA LTD | 46.98 | 3.46 | 162.6 |
| PANASONIC CARBON INDIA COMPANY LTD | 187.68 | 1.09 | 204.9 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PB Analysis vs HEG 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.09x |
| Max industry PB | 22.16x |
| Median industry PB | 3.36x |
| Average industry PB | 5.29x |
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