HEG Limited (HEG) — Cash Flow Quality Index
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 long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
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. Check HEG Limited (HEG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for HEG Limited (2005–2026)
Year-by-year earnings quality comparison for HEG Limited. For live market cap and the full company financial profile, see HEG market cap overview.
| 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 | — |