HEG Limited (HEG) — Free Cash Flow Generation Index
Latest as of September 2025:
0.69x
HEG Limited (HEG) has a Free Cash Flow Generation Index of 0.69x as of September 2025. Free cash flow of Rs1.66 Billion represents 1% of operating cash flow (Rs2.42 Billion). Explore HEG capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
0.69x
Free Cash Flow / Operating CF
Free Cash Flow
Rs1.66 Billion
INR
Operating Cash Flow
Rs2.42 Billion
INR
Capital Expenditures
Rs757.10 Million
INR
HEG Limited Free Cash Flow Generation Index (2005–2026)
Historical FCF Generation Index trend for HEG Limited across 20 annual periods. For the full cash flow conversion analysis, see HEG cash flow conversion.
Annual Free Cash Flow Generation for HEG Limited (2005–2026)
Year-by-year Free Cash Flow Generation Index for HEG Limited. Check HEG cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | -0.35x | Rs-654.70 Million | Rs1.87 Billion | Rs2.53 Billion | ▼ -200.4% |
| 2025 | 0.35x | Rs974.80 Million | Rs2.80 Billion | Rs1.82 Billion | ▼ -11.4% |
| 2024 | 0.39x | Rs2.41 Billion | Rs6.12 Billion | Rs3.72 Billion | ▲ +112.2% |
| 2023 | -3.23x | Rs-3.66 Billion | Rs1.13 Billion | Rs4.80 Billion | ▼ -603.4% |
| 2021 | 0.64x | Rs4.60 Billion | Rs7.16 Billion | Rs2.56 Billion | ▼ -13.7% |
| 2020 | 0.74x | Rs6.43 Billion | Rs8.64 Billion | Rs2.21 Billion | ▼ -22.7% |
| 2019 | 0.96x | Rs14.32 Billion | Rs14.88 Billion | Rs564.95 Million | ▼ -0.4% |
| 2018 | 0.97x | Rs5.74 Billion | Rs5.94 Billion | Rs200.34 Million | ▼ -0.8% |
| 2017 | 0.97x | Rs1.53 Billion | Rs1.57 Billion | Rs41.08 Million | ▲ +11.8% |
| 2016 | 0.87x | Rs2.17 Billion | Rs2.49 Billion | Rs322.14 Million | ▼ -1.8% |
| 2015 | 0.89x | Rs2.45 Billion | Rs2.76 Billion | Rs313.81 Million | ▲ +19.8% |
| 2014 | 0.74x | Rs5.72 Billion | Rs7.73 Billion | Rs2.01 Billion | ▲ +1280.1% |
| 2013 | -0.06x | Rs-72.23 Million | Rs1.15 Billion | Rs1.22 Billion | ▲ +99.0% |
| 2012 | -6.30x | Rs-1.70 Billion | Rs270.63 Million | Rs1.98 Billion | ▼ -438.0% |
| 2011 | -1.17x | Rs-440.00 Million | Rs375.80 Million | Rs815.81 Million | ▼ -253.3% |
| 2010 | 0.76x | Rs2.32 Billion | Rs3.04 Billion | Rs717.46 Million | ▲ +171.8% |
| 2009 | -1.06x | Rs-718.12 Million | Rs674.86 Million | Rs1.39 Billion | ▼ -326.8% |
| 2008 | 0.47x | Rs418.38 Million | Rs891.91 Million | Rs473.52 Million | ▲ +152.2% |
| 2007 | -0.90x | Rs-273.80 Million | Rs304.78 Million | Rs578.58 Million | ▲ +78.9% |
| 2005 | -4.25x | Rs-2.34 Billion | Rs551.64 Million | Rs2.90 Billion | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).