HEG
|
The Current P/E Ratio of HEG is 38.38.
| Share Price | ₹512.6 | Nov 20,2025 |
| Market Cap | ₹9,892.2 Cr | |
| Earnings-TTM | ₹257.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 38.38x | 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 [ ₹9,892.2 Cr] as on Nov 20,2025
(/) Earnings [ ₹257.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 38.38x ]
Thus, for HEG , the investors are currently willing to pay 38.38 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 | 257.77 | 38.38 | 9,892.2 |
| GRAPHITE INDIA LTD | 237.00 | 46.46 | 11,010.4 |
| ESAB INDIA LTD | 207.95 | 42.31 | 8,799.0 |
| ADOR WELDING LTD | 60.96 | 31.78 | 1,937.1 |
| DIFFUSION ENGINEERS LTD | 42.23 | 28.52 | 1,204.6 |
| DE NORA INDIA LTD | 2.65 | 142.28 | 377.1 |
| GEE LTD | -8.61 | -47.25 | 406.7 |
| PANASONIC CARBON INDIA COMPANY LTD | 22.09 | 10.77 | 237.8 |
| D&H INDIA LTD | 6.63 | 17.92 | 118.8 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -47.25x |
| Max industry PE | 142.28x |
| Median industry PE | 31.78x |
| Average industry PE | 34.57x |
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