HEG
|
The Current P/E Ratio of HEG is 46.47.
| Share Price | ₹531.7 | Jun 19,2026 |
| Market Cap | ₹10,261.8 Cr | |
| Earnings-TTM | ₹220.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 46.47x | 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 [ ₹10,261.8 Cr] as on Jun 19,2026
(/) Earnings [ ₹220.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 46.47x ]
Thus, for HEG , the investors are currently willing to pay 46.47 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 Mar2025 to Mar2021 averaged 20.93x.
- HEG 's operated at median p/e ratio of 6.67x 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 81.13x.
- HEG 's p/e ratio hit its five-year low in Mar2021 of 0x.
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 | 220.82 | 46.47 | 10,261.8 |
| GRAPHITE INDIA LTD | 171.00 | 73.02 | 12,486.5 |
| ESAB INDIA LTD | 206.69 | 43.49 | 8,989.5 |
| ADOR WELDING LTD | 81.98 | 25.80 | 2,114.7 |
| DIFFUSION ENGINEERS LTD | 47.81 | 29.49 | 1,410.2 |
| GEE LTD | 13.00 | 34.97 | 454.4 |
| DE NORA INDIA LTD | 9.06 | 50.09 | 453.6 |
| D&H INDIA LTD | 7.67 | 35.39 | 271.4 |
| PANASONIC CARBON INDIA COMPANY LTD | 21.24 | 11.53 | 245.0 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 11.53x |
| Max industry PE | 73.02x |
| Median industry PE | 35.39x |
| Average industry PE | 38.92x |
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