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HEG (HEG) Fair Value & Analysis

Industrials · Market cap ₹101B

H HEG HEG · NSE
Price₹521.95
Fair Value₹217.33
Upside-58.4%
Quality53/100
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Evidence: High Range ₹199.65 – ₹242.23

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price −5.1% over the past month.

Price vs Fair Value (12 months)

₹668.40 ₹462.00 Fair Value ₹217.33 Jul 2025 Jul 2026

12‑month range ₹462.00 – ₹668.40 · fair‑value band ₹199.65 – ₹242.23 · the ₹521.95 price screens above the ₹217.33 fair value. As of Jul 3, 2026.

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Analysis

HEG (HEG) currently trades at ₹521.95, while our model-based Fair Value estimate is ₹217.33 — implying the stock looks roughly 58.4% overvalued today. We read business quality at 53/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, HEG generated revenue of ₹25.7B at a net margin of 13.3%. Revenue grew 11.2% year over year. It earns a return on equity of 7.3%. Net debt stands at ₹5.5B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹25.7B
Revenue growth (YoY) +11.2%
Net margin 13.3%
Return on equity 7.3%
Free cash flow −₹655M FY2026
P/E ratio 29.8
More key figures
Operating margin -1.1%
EPS (TTM) ₹17.50
Dividend yield 0.7%
EPS growth (YoY) +148%
Net debt ₹5.5B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HEG reported revenue of ₹25.7B in FY2026 versus ₹21.7B in FY2022, a compound +4.3%/yr. Reported net income was ₹3.4B in FY2026, compounding −5.7%/yr from FY2022.

Revenue +4.3%/yr
FY22 ₹21.7B
FY23 ₹24.4B
FY24 ₹23.8B
FY25 ₹21.4B
FY26 ₹25.7B
Net income −5.7%/yr
FY22 ₹4.3B
FY23 ₹5.3B
FY24 ₹3.1B
FY25 ₹1.2B
FY26 ₹3.4B

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Frequently asked questions

Is HEG (HEG) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹217.33 versus a price of ₹521.95 — about −58% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HEG?
Our model-based fair value for HEG is ₹217.33 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹521.95.
What is the quality score of HEG?
HEG has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HEG (HEG)?
HEG reported trailing-twelve-month revenue of about ₹25.7B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of HEG?
The net profit margin of HEG is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does HEG pay a dividend?
HEG currently shows a dividend yield of about 0.65% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.