HEG Limited
HEG Limited manufactures and sells graphite electrodes in India and internationally. The company operates through two segments, Graphite Electrodes and Power Generation segments. It provides ultra-high power and high power electrodes; graphite electrodes and nipples; blocks and rounds; graphite and carbon specialties; mini-rods; flux and heat exchanger tubes; custom machined components; and activ… Read more
HEG Limited (HEG) - Net Assets
Latest net assets as of September 2025: ₹46.66 Billion INR
Based on the latest financial reports, HEG Limited (HEG) has net assets worth ₹46.66 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹59.41 Billion) and total liabilities (₹12.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹46.66 Billion |
| % of Total Assets | 78.53% |
| Annual Growth Rate | 14.53% |
| 5-Year Change | 27.43% |
| 10-Year Change | 347.23% |
| Growth Volatility | 30.71 |
HEG Limited - Net Assets Trend (2005–2025)
This chart illustrates how HEG Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HEG Limited (2005–2025)
The table below shows the annual net assets of HEG Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹44.54 Billion | +0.63% |
| 2024-03-31 | ₹44.26 Billion | +3.39% |
| 2023-03-31 | ₹42.81 Billion | +9.39% |
| 2022-03-31 | ₹39.14 Billion | +11.98% |
| 2021-03-31 | ₹34.95 Billion | -0.47% |
| 2020-03-31 | ₹35.12 Billion | -7.43% |
| 2019-03-31 | ₹37.94 Billion | +98.88% |
| 2018-03-31 | ₹19.08 Billion | +100.25% |
| 2017-03-31 | ₹9.53 Billion | -4.35% |
| 2016-03-31 | ₹9.96 Billion | +3.36% |
| 2015-03-31 | ₹9.63 Billion | -3.64% |
| 2014-03-31 | ₹10.00 Billion | +5.81% |
| 2013-03-31 | ₹9.45 Billion | +11.26% |
| 2012-03-31 | ₹8.49 Billion | -6.71% |
| 2011-03-31 | ₹9.10 Billion | +9.36% |
| 2010-03-31 | ₹8.33 Billion | +40.26% |
| 2009-03-31 | ₹5.94 Billion | +8.87% |
| 2008-03-31 | ₹5.45 Billion | +52.21% |
| 2007-03-31 | ₹3.58 Billion | +11.84% |
| 2006-03-31 | ₹3.20 Billion | +8.43% |
| 2005-03-31 | ₹2.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HEG Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4290494600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹42.90 Billion | 96.33% |
| Common Stock | ₹386.00 Million | 0.87% |
| Other Comprehensive Income | ₹1.25 Billion | 2.80% |
| Total Equity | ₹44.54 Billion | 100.00% |
HEG Limited Competitors by Market Cap
The table below lists competitors of HEG Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Medprin Regenerative Medical Technologies Co. Ltd.
SHE:301033
|
$296.25 Million |
|
Delcath Systems Inc
NASDAQ:DCTH
|
$296.30 Million |
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$296.36 Million |
|
Newtek Business Services Corp
NASDAQ:NEWT
|
$296.39 Million |
|
Firm Capital Mortgage Investment Corporation
PINK:FCMGF
|
$296.07 Million |
|
RITES Limited
NSE:RITES
|
$295.99 Million |
|
Guangdong Delian Group Co Ltd
SHE:002666
|
$295.99 Million |
|
Shenzhen Fluence Technology PLC
SHE:300647
|
$295.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HEG Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 44,259,412,000 to 44,537,700,000, a change of 278,288,000 (0.6%).
- Net income of 1,150,600,000 contributed positively to equity growth.
- Dividend payments of 872,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.15 Billion | +2.58% |
| Dividends Paid | ₹872.50 Million | -1.96% |
| Other Comprehensive Income | ₹4.00K | +0.0% |
| Other Changes | ₹184.00K | +0.0% |
| Total Change | ₹- | 0.63% |
Book Value vs Market Value Analysis
This analysis compares HEG Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 34.19x to 2.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹14.66 | ₹501.10 | x |
| 2006-03-31 | ₹15.90 | ₹501.10 | x |
| 2007-03-31 | ₹17.77 | ₹501.10 | x |
| 2008-03-31 | ₹23.39 | ₹501.10 | x |
| 2009-03-31 | ₹27.03 | ₹501.10 | x |
| 2010-03-31 | ₹39.38 | ₹501.10 | x |
| 2011-03-31 | ₹42.51 | ₹501.10 | x |
| 2012-03-31 | ₹41.82 | ₹501.10 | x |
| 2013-03-31 | ₹47.30 | ₹501.10 | x |
| 2014-03-31 | ₹50.05 | ₹501.10 | x |
| 2015-03-31 | ₹50.50 | ₹501.10 | x |
| 2016-03-31 | ₹49.84 | ₹501.10 | x |
| 2017-03-31 | ₹47.68 | ₹501.10 | x |
| 2018-03-31 | ₹95.47 | ₹501.10 | x |
| 2019-03-31 | ₹189.93 | ₹501.10 | x |
| 2020-03-31 | ₹181.98 | ₹501.10 | x |
| 2021-03-31 | ₹181.11 | ₹501.10 | x |
| 2022-03-31 | ₹202.80 | ₹501.10 | x |
| 2023-03-31 | ₹221.84 | ₹501.10 | x |
| 2024-03-31 | ₹229.35 | ₹501.10 | x |
| 2025-03-31 | ₹230.70 | ₹501.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HEG Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.37%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.27x
- Recent ROE (2.58%) is below the historical average (15.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 13.93% | 9.04% | 0.50x | 3.08x | ₹116.12 Million |
| 2006 | 12.15% | 7.41% | 0.41x | 3.99x | ₹68.81 Million |
| 2007 | 20.61% | 9.03% | 0.57x | 4.03x | ₹380.17 Million |
| 2008 | 26.84% | 15.47% | 0.65x | 2.67x | ₹918.35 Million |
| 2009 | 18.03% | 10.40% | 0.61x | 2.85x | ₹476.38 Million |
| 2010 | 20.55% | 13.49% | 0.71x | 2.16x | ₹878.09 Million |
| 2011 | 14.15% | 11.57% | 0.54x | 2.25x | ₹378.16 Million |
| 2012 | 6.74% | 4.02% | 0.58x | 2.88x | ₹-277.13 Million |
| 2013 | 10.62% | 6.21% | 0.60x | 2.86x | ₹59.05 Million |
| 2014 | 8.07% | 5.53% | 0.58x | 2.51x | ₹-192.82 Million |
| 2015 | 3.61% | 2.95% | 0.56x | 2.18x | ₹-644.74 Million |
| 2016 | 0.44% | 0.51% | 0.45x | 1.96x | ₹-951.73 Million |
| 2017 | -4.63% | -5.29% | 0.45x | 1.94x | ₹-1.39 Billion |
| 2018 | 57.63% | 39.98% | 1.00x | 1.44x | ₹9.09 Billion |
| 2019 | 79.77% | 47.02% | 1.25x | 1.36x | ₹26.47 Billion |
| 2020 | 1.93% | 3.22% | 0.47x | 1.26x | ₹-2.84 Billion |
| 2021 | -0.51% | -1.45% | 0.29x | 1.21x | ₹-3.67 Billion |
| 2022 | 11.01% | 19.83% | 0.41x | 1.36x | ₹396.81 Million |
| 2023 | 12.44% | 21.86% | 0.43x | 1.33x | ₹1.04 Billion |
| 2024 | 7.04% | 13.10% | 0.42x | 1.29x | ₹-1.31 Billion |
| 2025 | 2.58% | 5.37% | 0.38x | 1.27x | ₹-3.30 Billion |
Industry Comparison
This section compares HEG Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $8,990,537,538
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HEG Limited (HEG) | ₹46.66 Billion | 13.93% | 0.27x | $296.20 Million |
| Aartech Solonics Limited (AARTECH) | $246.68 Million | -0.79% | 0.21x | $4.50K |
| Apar Industries Limited (APARINDS) | $6.28 Billion | 17.42% | 4.19x | $1.83 Billion |
| Amara Raja Batteries Limited (ARE&M) | $67.99 Billion | 13.74% | 0.32x | $928.91 Million |
| Bharat Bijlee Limited (BBL) | $6.51 Billion | 2.21% | 0.60x | $216.37 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $-842.90 Million | 0.00% | 0.00x | $5.60 Billion |
| CMI Limited (CMICABLES) | $1.75 Billion | 60.44% | 0.92x | $725.46K |
| Cords Cable Industries Limited (CORDSCABLE) | $865.72 Million | 4.84% | 1.48x | $10.04 Million |
| De Nora India Limited (DENORA) | $392.64 Million | 10.83% | 0.24x | $18.07 Million |
| Dynamic Cables Limited (DYCL) | $1.77 Billion | 17.48% | 1.27x | $46.07 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $33.83 Million |