HEG
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The Current P/E Ratio of HEG is 41.62.
| Share Price | ₹654.1 | Apr 24,2026 |
| Market Cap | ₹12,623.2 Cr | |
| Earnings-TTM | ₹303.3 Cr | TTM-Consolidated Results |
| Price/Earnings | 41.62x | 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 [ ₹12,623.2 Cr] as on Apr 24,2026
(/) Earnings [ ₹303.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 41.62x ]
Thus, for HEG , the investors are currently willing to pay 41.62 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 | 303.27 | 41.62 | 12,623.2 |
| GRAPHITE INDIA LTD | 325.00 | 43.51 | 14,142.3 |
| ESAB INDIA LTD | 210.57 | 43.06 | 9,067.0 |
| ADOR WELDING LTD | 71.25 | 23.90 | 1,703.0 |
| DIFFUSION ENGINEERS LTD | 44.91 | 25.25 | 1,134.0 |
| DE NORA INDIA LTD | 13.03 | 32.63 | 425.2 |
| GEE LTD | -5.63 | -61.86 | 348.3 |
| PANASONIC CARBON INDIA COMPANY LTD | 21.56 | 10.51 | 226.7 |
| D&H INDIA LTD | 7.36 | 39.88 | 293.6 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -61.86x |
| Max industry PE | 43.51x |
| Median industry PE | 32.63x |
| Average industry PE | 22.06x |
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