Home > PE Ratio > HEG

HEG
PE (Price/Earnings) Ratio

The Current P/E Ratio of HEG is 41.88.

Share Price ₹559.4Dec 26,2025
Market Cap ₹10,796.4 Cr
Earnings-TTM₹257.8 CrTTM-Consolidated Results
Price/Earnings41.88xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for HEG
Please provide your vote to see the results
HEG is part of below Screeners ↓
Best Quarterly Growth Small Cap Stocks
Best 1M Momentum Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of HEG

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HEG is calculated as :

Current Market Cap [ ₹10,796.4 Cr] as on Dec 26,2025

(/) Earnings [ ₹257.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 41.88x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HEG , the investors are currently willing to pay 41.88 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 latest p/e ratio is 41.88x.

- 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 RatioMarket Cap
HEG 257.7741.8810,796.4
GRAPHITE INDIA LTD237.0048.0711,392.3
ESAB INDIA LTD207.9545.029,362.5
ADOR WELDING LTD60.9629.511,798.8
DIFFUSION ENGINEERS LTD42.2329.631,251.2
DE NORA INDIA LTD2.65139.93370.8
GEE LTD-8.61-46.31398.6
PANASONIC CARBON INDIA COMPANY LTD22.0910.69236.1
D&H INDIA LTD6.6320.11133.3

Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -46.31x
Max industry PE 139.93x
Median industry PE 29.63x
Average industry PE 35.39x



You may also like the below Video Courses