HEG
|
The Current P/E Ratio of HEG is 35.42.
| Share Price | ₹240.8 | Nov 03,2026 |
| Market Cap | ₹7,939.9 Cr | |
| Earnings-TTM | ₹224.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 35.42x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of HEG
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹7,939.9 Cr] as on Nov 03,2026
(/) Earnings [ ₹224.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 35.42x ]
Thus, for HEG , the investors are currently willing to pay 35.42 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HEG !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of HEG over the last five years.
Historical PE (Price/Earnings) ratio chart of HEG
PE Ratio Performance Analysis for HEG
- HEG 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 27.12x.
- HEG 's operated at median p/e ratio of 12.3x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HEG 's p/e ratio peaked in Mar2025 at 81.38x.
- HEG 's p/e ratio hit its five-year low in Mar2024 of 4.57x.
How does HEG 's P/E Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?
| Peer Comparison (Electrodes & Welding Equipment Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| HEG | 224.17 | 35.42 | 7,939.9 |
| GRAPHITE INDIA LTD | 227.00 | 64.54 | 14,651.2 |
| ESAB INDIA LTD | 221.89 | 37.78 | 8,383.0 |
| ADOR WELDING LTD | 115.46 | 21.53 | 2,486.0 |
| DIFFUSION ENGINEERS LTD | 49.14 | 30.57 | 1,502.5 |
| GEE LTD | 18.87 | 30.15 | 568.9 |
| DE NORA INDIA LTD | 12.20 | 31.34 | 382.3 |
| D&H INDIA LTD | 8.31 | 22.23 | 184.7 |
| PANASONIC CARBON INDIA COMPANY LTD | 19.20 | 9.63 | 184.9 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 9.63x |
| Max industry PE | 64.54x |
| Median industry PE | 30.57x |
| Average industry PE | 31.47x |
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