HEG Limited (HEG) — Cash Flow Quality Index
Latest as of September 2025:
0.97x
HEG Limited (HEG) has a Cash Flow Quality Index of 0.97x as of September 2025. Operating cash flow of Rs2.42 Billion is below net income of Rs2.48 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore HEG Limited (HEG) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.97x
Operating CF / Net Income
Operating Cash Flow
Rs2.42 Billion
INR
Net Income
Rs2.48 Billion
INR
Data as of
Sep 2025
Most recent filing
HEG Limited Cash Flow Quality Index (2005–2026)
Historical Cash Flow Quality Index for HEG Limited across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HEG cash flow metrics.
Annual Cash Flow Quality Index for HEG Limited (2005–2026)
Year-by-year earnings quality comparison for HEG Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 0.55x | Rs1.87 Billion | Rs3.38 Billion | ▼ -77.2% |
| 2025 | 2.43x | Rs2.80 Billion | Rs1.15 Billion | ▲ +23.8% |
| 2024 | 1.96x | Rs6.12 Billion | Rs3.12 Billion | ▲ +1074.1% |
| 2023 | 0.17x | Rs1.13 Billion | Rs6.77 Billion | ▲ +166.7% |
| 2022 | -0.25x | Rs-1.41 Billion | Rs5.60 Billion | ▼ -100.9% |
| 2020 | 29.49x | Rs8.64 Billion | Rs292.87 Million | ▲ +9168.9% |
| 2019 | 0.32x | Rs14.88 Billion | Rs46.77 Billion | ▼ -14.0% |
| 2018 | 0.37x | Rs5.94 Billion | Rs16.05 Billion | ▼ -99.9% |
| 2016 | 260.17x | Rs2.49 Billion | Rs9.58 Million | ▲ +4069.9% |
| 2015 | 6.24x | Rs2.76 Billion | Rs443.14 Million | ▼ -21.4% |
| 2014 | 7.94x | Rs7.73 Billion | Rs974.41 Million | ▲ +762.8% |
| 2013 | 0.92x | Rs1.15 Billion | Rs1.25 Billion | ▲ +128.2% |
| 2012 | 0.40x | Rs270.63 Million | Rs671.38 Million | ▲ +80.2% |
| 2011 | 0.22x | Rs375.80 Million | Rs1.68 Billion | ▼ -82.1% |
| 2010 | 1.25x | Rs3.04 Billion | Rs2.42 Billion | ▲ +199.7% |
| 2009 | 0.42x | Rs674.86 Million | Rs1.61 Billion | ▼ -2.9% |
| 2008 | 0.43x | Rs891.91 Million | Rs2.07 Billion | ▲ +41.3% |
| 2007 | 0.30x | Rs304.78 Million | Rs1.00 Billion | ▲ +135.2% |
| 2006 | -0.87x | Rs-459.12 Million | Rs530.08 Million | ▼ -164.6% |
| 2005 | 1.34x | Rs551.64 Million | Rs411.50 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.