HEG
|
The Current P/E Ratio of HEG is 43.13.
| Share Price | ₹293.2 | Nov 08,2026 |
| Market Cap | ₹9,668.1 Cr | |
| Earnings-TTM | ₹224.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 43.13x | 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 [ ₹9,668.1 Cr] as on Nov 08,2026
(/) Earnings [ ₹224.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 43.13x ]
Thus, for HEG , the investors are currently willing to pay 43.13 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 | 43.13 | 9,668.1 |
| GRAPHITE INDIA LTD | 227.00 | 63.08 | 14,320.0 |
| ESAB INDIA LTD | 191.63 | 40.65 | 7,790.3 |
| ADOR WELDING LTD | 115.46 | 21.98 | 2,537.3 |
| DIFFUSION ENGINEERS LTD | 51.74 | 30.55 | 1,580.7 |
| GEE LTD | 18.87 | 32.71 | 617.2 |
| DE NORA INDIA LTD | 5.72 | 64.22 | 367.6 |
| D&H INDIA LTD | 8.31 | 24.06 | 199.9 |
| PANASONIC CARBON INDIA COMPANY LTD | 16.72 | 10.79 | 180.4 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 10.79x |
| Max industry PE | 64.22x |
| Median industry PE | 32.71x |
| Average industry PE | 36.80x |
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