---
title: "HEG Ltd (HEG) — Share Price, Financials & Analysis"
symbol: "HEG"
company: "HEG Ltd"
canonical: "https://tapetide.com/stocks/HEG"
isin: "INE545A01024"
nse_symbol: "HEG"
bse_code: "509631"
sector: "Industrial Products"
industry: "Electrodes & Refractories"
market_cap_cr: 4593.83
generated_at: "2026-09-13T18:46:30.222Z"
---

# HEG Ltd (HEG)

Canonical page: https://tapetide.com/stocks/HEG

## Company

- **NSE Symbol:** HEG
- **BSE Code:** 509631
- **ISIN:** INE545A01024
- **Sector:** Industrial Products
- **Industry:** Electrodes & Refractories
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 1995-05-10
- **CEO:** Mr. Ravi Jhunjhunwala B.Com (H), MBA
- **Employees:** 1114
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** hegadvancedmaterials.com

## About

HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrodes plant in the world.[1]
It is a part of LNJ Bhilwara Group which also has presence across IT Enabled services, power generation & textiles.[2]

## Latest Price

- **Price:** ₹237.2
- **Change:** -12.45 (-4.99%)
- **Open:** ₹238.1
- **Day High:** ₹243
- **Day Low:** ₹237.2
- **Previous Close:** ₹249.65
- **Volume:** 1259054
- **As Of:** 2026-09-11T10:26:03+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:41.596217Z.

- **Market Cap:** ₹4593.83 Cr
- **Classification:** Microcap
- **P/E (reported):** 13.4
- **P/E (TTM):** 12.75
- **EPS (TTM):** ₹18.6
- **Book Value:** ₹246.55
- **Price to Book:** 1.01
- **Dividend Yield:** 1.36%
- **ROE:** 7.1%
- **ROCE:** 9.09%
- **Debt to Equity:** 0.17
- **Revenue (yearly):** ₹2709.5 Cr
- **Net Income:** ₹338 Cr
- **EBITDA:** ₹539.3 Cr
- **52-Week High:** ₹753.9
- **52-Week Low:** ₹168.09
- **RSI (14):** 49.15

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 60.76 | 9% |
| growth | 56.29 | 9% |
| momentum | 73.25 | 12% |
| ownership | 43.66 | 24% |
| quality | 38.6 | 22% |
| valuation | 54.31 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.96 times its book value
- Company has been maintaining a healthy dividend payout of 25.8%

### Weaknesses

- Company has a low return on equity of 5.73% over last 3 years.
- Earnings include an other income of Rs.432 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -23.78% | -65.18% | 251.63% |
| ebitda margin growth | 393.21% | 17.13% | -3.68% | -25.19% |
| net income growth | 207.47% | 184.99% | -14% | 46% |
| revenue growth | 11.84% | 18.82% | 1% | 15% |
| roce | -235.5% | 102.9% | -4.42% | 10.65% |
| roe | -207.53% | 166.92% | 5.6% | -35.51% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 614 | 562 | 547 | 571 | 568 | 478 | 537 | 613 | 699 | 656 | 603 | 681 |
| Expenses | 512 | 476 | 506 | 533 | 471 | 411 | 598 | 507 | 581 | 513 | 752 | 530 |
| Operating Profit | 102 | 87 | 41 | 39 | 97 | 67 | -61 | 106 | 118 | 143 | -148 | 151 |
| OPM % | 17 | 15 | 8 | 7 | 17 | 14 | -11 | 17 | 17 | 22 | -25 | 22 |
| Other Income | 63 | 30 | 64 | 41 | 63 | 112 | 43 | 82 | 120 | 167 | 72 | 74 |
| Interest | 9 | 10 | 9 | 8 | 9 | 9 | 12 | 8 | 9 | 9 | 11 | 10 |
| Depreciation | 38 | 47 | 50 | 48 | 48 | 51 | 55 | 53 | 54 | 54 | 53 | 50 |
| Profit before tax | 118 | 59 | 46 | 24 | 103 | 119 | -85 | 126 | 175 | 246 | -140 | 165 |
| Tax % | 18 | 27 | 29 | 3 | 20 | 30 | -13 | 17 | 18 | 16 | -19 | 26 |
| Net Profit | 96 | 44 | 33 | 23 | 82 | 83 | -74 | 105 | 143 | 207 | -114 | 122 |
| EPS in Rs | 4.97 | 2.26 | 1.71 | 1.19 | 4.26 | 4.32 | -3.82 | 5.43 | 7.43 | 10.72 | -5.89 | 6.34 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2748 | 6591 | 2145 | 1254 | 2201 | 2463 | 2393 | 2151 | 2568 | 2639 |
| Expenses | 1027 | 1930 | 2150 | 1308 | 1670 | 1844 | 2011 | 1891 | 2169 | 2376 |
| Operating Profit | 1721 | 4662 | -5 | -53 | 530 | 619 | 382 | 260 | 399 | 263 |
| OPM % | 63 | 71 | -0.2 | -4.2 | 24 | 25 | 16 | 12 | 16 | 10 |
| Other Income | 12 | 106 | 143 | 114 | 117 | 187 | 223 | 141 | 259 | 432 |
| Interest | 56 | 18 | 37 | 11 | 7 | 26 | 36 | 39 | 37 | 39 |
| Depreciation | 73 | 72 | 72 | 73 | 79 | 102 | 175 | 201 | 213 | 210 |
| Profit before tax | 1605 | 4677 | 29 | -23 | 560 | 677 | 395 | 162 | 408 | 446 |
| Tax % | 33 | 35 | -82 | -23 | 23 | 21 | 21 | 29 | 16 | — |
| Net Profit | 1099 | 3026 | 68 | -18 | 431 | 532 | 312 | 115 | 341 | 359 |
| EPS in Rs | 54.97 | 156.8 | 3.5 | -0.93 | 22.33 | 27.59 | 16.15 | 5.96 | 17.69 | 18.6 |
| Dividend Payout % | 29 | 10 | 143 | -65 | 36 | 31 | 28 | 30 | 19 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 40 | 40 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 913 | 1868 | 3755 | 3473 | 3456 | 3875 | 4242 | 4387 | 4415 | 4719 |
| Borrowings | 684 | 297 | 667 | 594 | 298 | 665 | 743 | 623 | 588 | 796 |
| Other Liabilities | 216 | 534 | 684 | 332 | 451 | 730 | 668 | 653 | 607 | 612 |
| Total Liabilities | 1853 | 2739 | 5144 | 4438 | 4244 | 5308 | 5692 | 5701 | 5648 | 6166 |
| Fixed Assets | 889 | 833 | 788 | 745 | 694 | 763 | 1363 | 1816 | 1938 | 1788 |
| CWIP | 1 | 2 | 19 | 101 | 373 | 696 | 472 | 212 | 71 | 224 |
| Investments | 231 | 248 | 942 | 1245 | 1358 | 1171 | 859 | 1200 | 1400 | 1478 |
| Other Assets | 732 | 1656 | 3396 | 2348 | 1819 | 2678 | 2998 | 2474 | 2238 | 2676 |
| Total Assets | 1853 | 2739 | 5144 | 4438 | 4244 | 5308 | 5692 | 5701 | 5648 | 6166 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 157 | 594 | 1488 | 739 | 716 | -141 | 113 | 612 | 280 | 213 |
| Cash from Investing Activity | -1 | -9 | -676 | -275 | -417 | -183 | -21 | -184 | -207 | -320 |
| Cash from Financing Activity | -153 | -588 | -788 | -460 | -310 | 344 | -100 | -324 | -159 | 97 |
| Net Cash Flow | 3 | -3 | 24 | 4 | -11 | 20 | -8 | 104 | -86 | -10 |
| Free Cash Flow | 154 | 580 | 1441 | 503 | 460 | -499 | -364 | 244 | 102 | -35 |
| CFO/OP | 205 | 65 | 67 | -17020 | -1349 | -2 | 42 | 169 | 125 | 59 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 153 | 129 | 66 | 68 | 84 | 98 | 72 | 78 | 75 | 71 |
| Inventory Days | 216 | 391 | 428 | 226 | 262 | 431 | 574 | 379 | 507 | 389 |
| Days Payable | 73 | 188 | 124 | 30 | 116 | 197 | 164 | 135 | 161 | 138 |
| Cash Conversion Cycle | 297 | 332 | 370 | 264 | 230 | 331 | 483 | 321 | 421 | 323 |
| Working Capital Days | -3 | 120 | 86 | 134 | 93 | 75 | 107 | 111 | 141 | 132 |
| ROCE % | 1 | 86 | 139 | 0 | -2 | 14 | 15 | 9 | 4 | 8 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.78% | 55.78% | 55.78% | 55.78% | 55.78% | 55.78% | 55.78% | 55.78% | 55.78% | 56.13% | 56.28% | 56.28% |
| FIIs | 6.81% | 6.85% | 6.86% | 6.05% | 6.92% | 7.08% | 7.19% | 7.3% | 7.96% | 8.53% | 10.24% | 8.47% |
| DIIs | 6.5% | 8.09% | 10.39% | 13.1% | 12.81% | 12.09% | 11.65% | 11.6% | 11.98% | 12.14% | 8.62% | 9.26% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.79% | 19.21% | 18.15% | 16.61% | 16.1% | 17.04% | 17.33% | 16.95% | 15.99% | 15.37% | 16.57% | 17.81% |
| Others | 9.12% | 10.06% | 8.81% | 8.46% | 8.39% | 8.01% | 8.05% | 8.37% | 8.28% | 7.83% | 8.29% | 8.17% |
| No. of Shareholders | 137342 | 132662 | 129905 | 119399 | 118471 | 152166 | 153063 | 148036 | 141576 | 132314 | 137675 | 139601 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 1 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 488.12 | Sell |
| EMA (10) | 423.26 | Sell |
| SMA (20) | 602.75 | Sell |
| EMA (20) | 527.68 | Sell |
| SMA (50) | 616.2 | Sell |
| EMA (50) | 588.3 | Sell |
| SMA (100) | 594.67 | Sell |
| EMA (100) | 589.25 | Sell |
| SMA (200) | 572.48 | Sell |
| EMA (200) | 570.11 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 14.71 | Buy |
| MACD (12,26,9) | -100.75 | Sell |
| Stochastic (14,3,3) | 0.84 | Buy |
| ADX (14) | 62.02 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 47.46 | High Volatility |
| ROC (12) | -66.76 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 16.04 | Buy |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 3 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 3 analyst ratings, observed at 2026-09-11T04:51:43.989779+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74bac9b0-f7b6-47f9-8798-8012953ebbde.pdf) |
| 2026-09-08 | [Re-Lodgement Of Transfer Requests Of Physical Shares For The Month Of August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba9a3092-78cd-418d-877f-4798951dffd8.pdf) |
| 2026-09-06 | [Change In The Companys Website From "HEG Limited" To "HEG Advanced Materials Limited"](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66e423ce-9b51-4931-9d5d-554793912b40.pdf) |
| 2026-09-06 | [Change In The Companys Website From Www.Hegltd.Com To Www.Hegadvancedmaterials.Com](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9db6330-b614-438d-8c32-3ba3e96718ba.pdf) |
| 2026-09-03 | [ESG Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ae2df15-36a0-4d87-9165-16cb354d1fe5.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5b8aac1-a301-4523-8680-9cf91d582119.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Change of Company Name](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72786665-526f-415e-b182-3ee5de6b0994.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d01e89b6-27e6-4f41-8817-0f2cbcc43aa2.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d9e76ed-5e3a-48b0-a28f-c4fdefa5d82f.pdf) |
| 2026-08-24 | [Board Meeting Outcome for Outcome Of Board Meeting-24Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16e89788-b476-437a-a01a-0b7714bea498.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ce76ae2-2777-4f96-a8e5-2c03fd82f803.pdf) |
| 2026-05-08 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd4998c3-e9c9-4ec9-9546-8f6f47a1422c.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47dbaff4-39f7-4d04-b65a-c9e9b9476b06.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed1982be-1171-4433-be0e-2e1a958c0d25.pdf) |
| 2025-08-08 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22bf3956-af06-474e-88c4-f5f82781100e.pdf) |
| 2025-05-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=809751f9-4a88-4141-84d5-bc211942a31d.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=393ba8bf-2ea2-45bb-9257-de3b5890e9e4.pdf) |
| 2026-07-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88bdd2bc-5c8c-4533-afa7-016ceccb8057.pdf) |
| 2026-05-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3cf0704-ed2b-4bd3-9732-a1d29bb58ab7.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02937e39-6a9f-4cb0-bf5f-c8feea857650.pdf) |
| 2026-01-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5318bdae-b736-4ccf-82b9-63850266467e.pdf) |
| 2025-11-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef87502d-02e7-4ef8-a78f-d4a7f5d349c0.pdf) |
| 2025-08-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53bf7081-cf5f-4d38-b95d-65ea3698d531.pdf) |
| 2025-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf9e99ee-c9e5-45d8-a9ce-f3a039ac0e83.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-22 | [Un-Audited Financial Results (Standalone & Consolidated) For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c277e0fa-827b-44a7-b99d-48ff58784220.pdf) |
| 2026-04-29 | [Audited Financial Results (Standalone & Consolidated) For The Quarter And Financial Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68a03545-4004-4565-99fb-a9dca2708d73.pdf) |
| 2026-02-10 | [Results- Financial Results For Quarter & Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44774f30-295b-4cb2-8a94-fbdf2ca487e9.pdf) |
| 2025-11-10 | [Unaudited Financial Results For Quarter And Half Year Ended 30 September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11b33bf1-8405-4890-94c0-910d4e91f94b.pdf) |
| 2025-07-30 | [Financial Results For Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de58bcb1-e00d-4ceb-a095-20af52164e67.pdf) |
| 2025-05-19 | [Audited Financial Results (Standalone & Consolidated) For The Quarter And Financial Year Ended March 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83b03cb5-cd39-456b-9431-69b56e50a316.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - HEG asks shareholders to register email, mobile, PAN and receive documents electronically. | [Information To Concerned Shareholders Inter-Alia With Regard To Registration Of Their Email Address Etc. With The Registrar And Share Transfer Agent / Depository Participants. 8h - HEG asks shareholders to register email, mobile, PAN and receive documents electronically.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd9e7e8d-6249-4ff2-90cf-9d3148509dbb.pdf) |
| 8h - HEG approved FY26 audited results, Rs 3.40 dividend, and security for TACC’s Rs 1,239 crore borrowing. | [Continuation Of Shri Shekhar Agarwal (DIN: 00066113), As Non-Executive Non-Independent Director Of The Company Who Will Be Attaining The Age Of 75 Years On 9Th October, 2027 In Financial Year 2027-28 8h - HEG approved FY26 audited results, Rs 3.40 dividend, and security for TACC’s Rs 1,239 crore borrowing.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b896862-a984-450c-9b87-96eeb4bbb0ab.pdf) |
| 8h - HEG approved audited FY26 results, Rs3.40 dividend, and Rs1,239 crore security for TACC. | [Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 8h - HEG approved audited FY26 results, Rs3.40 dividend, and Rs1,239 crore security for TACC.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c490662f-ec55-4d4f-9e47-552fc942c15a.pdf) |
| 8h - Board approved FY26 audited results, Rs 3.40 dividend, and security for TACC's Rs 1,239 crore borrowing. | [Appointment Of Cost Auditor, Internal Auditor And Tax Auditor 8h - Board approved FY26 audited results, Rs 3.40 dividend, and security for TACC's Rs 1,239 crore borrowing.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/34b19a22-c323-4b24-8f81-530c28b5e3a0.pdf) |
| 8 Apr - HEG confirms it is not a Large Corporate entity for FY2025-26; no incremental borrowing. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 8 Apr - HEG confirms it is not a Large Corporate entity for FY2025-26; no incremental borrowing.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe131b98-d8f4-463d-bf92-5246a897d24b.pdf) |
| 8 Apr - HEG confirms it is not a Large Corporate as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr - HEG confirms it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21db736a-9684-4661-b0a8-99dfa913922c.pdf) |
| 7h - Shareholder and creditor meetings on 5 May 2026 for HEG’s composite scheme of arrangement. | [Notice Of Meetings Of Equity Shareholders, Secured Creditors And Unsecured Creditors Of HEG Limited ('Company') Convened Pursuant To The Directions Of The Hon''ble National Company Law Tribunal, Indore Bench ('Tribunal') 7h - Shareholder and creditor meetings on 5 May 2026 for HEG’s composite scheme of arrangement.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1747ee9e-07dc-4fc3-a4dd-54fa9de34d02.pdf) |
| 7h - One-to-one physical meeting with Unifi Capital on 7 April 2026; only public information discussed. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7h - One-to-one physical meeting with Unifi Capital on 7 April 2026; only public information discussed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5482be88-b097-46d4-9c9a-96f484d56fc0.pdf) |
| 6 May - NCLT meetings approved composite scheme with HEG Graphite and Bhilwara Energy on May 5, 2026. | [Announcement under Regulation 30 (LODR)-Meeting Updates 6 May - NCLT meetings approved composite scheme with HEG Graphite and Bhilwara Energy on May 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b497c22f-14d3-4488-99dd-e742c239af5b.pdf) |
| 6 May - HEG reported zero physical share transfer re-lodgment requests in April 2026. | [Re-Lodgment Of Transfer Requests Of Physical Shares. 6 May - HEG reported zero physical share transfer re-lodgment requests in April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/72c6137a-7e80-4869-9419-9db401935ff2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed1982be-1171-4433-be0e-2e1a958c0d25.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd4998c3-e9c9-4ec9-9546-8f6f47a1422c.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2212a48e-cf10-4d46-a0db-314fb805daad.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2212a48e-cf10-4d46-a0db-314fb805daad.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47dbaff4-39f7-4d04-b65a-c9e9b9476b06.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22bf3956-af06-474e-88c4-f5f82781100e.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9da000c-63cd-4ded-8388-7a1e2508956e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ee1b27d-6c24-4127-8901-e99deff90773.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:46:30.222Z.