HEG
|
The Current P/E Ratio of HEG is 58.92.
| Share Price | ₹684.4 | Aug 10,2026 |
| Market Cap | ₹13,208.0 Cr | |
| Earnings-TTM | ₹224.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 58.92x | 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 [ ₹13,208.0 Cr] as on Aug 10,2026
(/) Earnings [ ₹224.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 58.92x ]
Thus, for HEG , the investors are currently willing to pay 58.92 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 | 58.92 | 13,208.0 |
| GRAPHITE INDIA LTD | 209.00 | 67.66 | 14,141.3 |
| ESAB INDIA LTD | 206.69 | 42.73 | 8,831.5 |
| ADOR WELDING LTD | 113.53 | 23.27 | 2,641.5 |
| DIFFUSION ENGINEERS LTD | 47.81 | 31.06 | 1,484.9 |
| GEE LTD | 18.87 | 34.44 | 649.7 |
| DE NORA INDIA LTD | 12.20 | 38.52 | 469.7 |
| D&H INDIA LTD | 7.67 | 24.24 | 185.9 |
| PANASONIC CARBON INDIA COMPANY LTD | 21.24 | 10.59 | 225.0 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 10.59x |
| Max industry PE | 67.66x |
| Median industry PE | 34.44x |
| Average industry PE | 36.82x |
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