HEG
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The Current P/E Ratio of HEG is 53.30.
| Share Price | ₹507.0 | Oct 20,2025 |
| Market Cap | ₹9,785.1 Cr | |
| Earnings-TTM | ₹183.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 53.30x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
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)
Current Market Cap [ ₹9,785.1 Cr] as on Oct 20,2025
(/) Earnings [ ₹183.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 53.30x ]
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 53.30 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.
Thus, for HEG , the investors are currently willing to pay 53.30 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 53.30x.
- 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.
- 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 | 183.59 | 53.30 | 9,785.1 |
| GRAPHITE INDIA LTD | 355.00 | 30.19 | 10,717.3 |
| ESAB INDIA LTD | 171.91 | 44.72 | 7,688.4 |
| ADOR WELDING LTD | 60.96 | 32.79 | 1,999.1 |
| DIFFUSION ENGINEERS LTD | 41.27 | 33.52 | 1,383.3 |
| DE NORA INDIA LTD | 2.06 | 201.65 | 415.4 |
| GEE LTD | -10.90 | -41.47 | 452.2 |
| PANASONIC CARBON INDIA COMPANY LTD | 21.14 | 11.01 | 232.7 |
| D&H INDIA LTD | 5.70 | 24.59 | 140.2 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -41.47x |
| Max industry PE | 201.65x |
| Median industry PE | 32.79x |
| Average industry PE | 43.37x |
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