HEG
|
The Current P/E Ratio of HEG is 60.90.
| Share Price | ₹579.4 | Nov 04,2025 |
| Market Cap | ₹11,181.5 Cr | |
| Earnings-TTM | ₹183.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 60.90x | 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 [ ₹11,181.5 Cr] as on Nov 04,2025
(/) Earnings [ ₹183.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 60.90x ]
Thus, for HEG , the investors are currently willing to pay 60.90 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 | 183.59 | 60.90 | 11,181.5 |
| GRAPHITE INDIA LTD | 355.00 | 33.75 | 11,980.4 |
| ESAB INDIA LTD | 171.91 | 43.77 | 7,524.9 |
| ADOR WELDING LTD | 60.96 | 30.81 | 1,878.2 |
| DIFFUSION ENGINEERS LTD | 41.27 | 33.77 | 1,393.8 |
| DE NORA INDIA LTD | 2.06 | 209.64 | 431.9 |
| GEE LTD | -10.90 | -40.54 | 442.1 |
| PANASONIC CARBON INDIA COMPANY LTD | 21.14 | 11.08 | 234.3 |
| D&H INDIA LTD | 5.70 | 22.02 | 125.5 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -40.54x |
| Max industry PE | 209.64x |
| Median industry PE | 33.75x |
| Average industry PE | 45.02x |
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