HEG Limited (HEG) - Net Assets

Latest as of March 2026: Rs47.58 Billion INR ≈ $514.55 Million USD

Based on the latest financial reports, HEG Limited (HEG) has net assets worth Rs47.58 Billion INR (≈ $514.55 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs61.66 Billion ≈ $666.80 Million USD) and total liabilities (Rs14.08 Billion ≈ $152.25 Million USD). 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. Check strategic asset allocation of HEG Limited to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs47.58 Billion
% of Total Assets	77.17%
Annual Growth Rate	14.15%
5-Year Change	21.57%
10-Year Change	399.49%
Growth Volatility	30.06

HEG Limited - Net Assets Trend (2005–2026)

This chart illustrates how HEG Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HEG Limited stock valuation.

Annual Net Assets for HEG Limited (2005–2026)

The table below shows the annual net assets of HEG Limited from 2005 to 2026. Also explore HEG net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs47.58 Billion ≈ $514.55 Million	+6.83%
2025-03-31	Rs44.54 Billion ≈ $481.66 Million	+0.63%
2024-03-31	Rs44.26 Billion ≈ $478.65 Million	+3.39%
2023-03-31	Rs42.81 Billion ≈ $462.97 Million	+9.39%
2022-03-31	Rs39.14 Billion ≈ $423.24 Million	+11.98%
2021-03-31	Rs34.95 Billion ≈ $377.98 Million	-0.47%
2020-03-31	Rs35.12 Billion ≈ $379.78 Million	-7.43%
2019-03-31	Rs37.94 Billion ≈ $410.27 Million	+98.88%
2018-03-31	Rs19.08 Billion ≈ $206.29 Million	+100.25%
2017-03-31	Rs9.53 Billion ≈ $103.02 Million	-4.35%
2016-03-31	Rs9.96 Billion ≈ $107.70 Million	+3.36%
2015-03-31	Rs9.63 Billion ≈ $104.20 Million	-3.64%
2014-03-31	Rs10.00 Billion ≈ $108.14 Million	+5.81%
2013-03-31	Rs9.45 Billion ≈ $102.21 Million	+11.26%
2012-03-31	Rs8.49 Billion ≈ $91.86 Million	-6.71%
2011-03-31	Rs9.10 Billion ≈ $98.46 Million	+9.36%
2010-03-31	Rs8.33 Billion ≈ $90.03 Million	+40.26%
2009-03-31	Rs5.94 Billion ≈ $64.19 Million	+8.87%
2008-03-31	Rs5.45 Billion ≈ $58.96 Million	+52.21%
2007-03-31	Rs3.58 Billion ≈ $38.74 Million	+11.84%
2006-03-31	Rs3.20 Billion ≈ $34.64 Million	+8.43%
2005-03-31	Rs2.95 Billion ≈ $31.94 Million	--

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 4594644300000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs45.95 Billion	96.57%
Common Stock	Rs386.00 Million	0.81%
Other Comprehensive Income	Rs1.25 Billion	2.62%
Total Equity	Rs47.58 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
JPP Holding Company Limited TW:5284	$494.92 Million
Shanghai Titan Scientific Co. Ltd. A SHG:688133	$495.20 Million
Wonik QnC Corporation KQ:074600	$495.26 Million
Zhongjin Irradiation Incorporated Company SHE:300962	$495.26 Million
One Liberty Properties Inc NYSE:OLP	$494.59 Million
Valneva SE PA:VLA	$494.26 Million
goeasy Ltd TO:GSY	$494.21 Million
CCCG Real Estate Corp Ltd SHE:000736	$494.14 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 2025 to 2026, total equity changed from 44,537,700,000 to 47,579,200,000, a change of 3,041,500,000 (6.8%).
Net income of 3,413,600,000 contributed positively to equity growth.
Dividend payments of 366,800,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs3.41 Billion	+7.17%
Dividends Paid	Rs366.80 Million	-0.77%
Other Changes	Rs-5.30 Million	-0.01%
Total Change	Rs-	6.83%

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: 0.96x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 16.18x to 0.96x 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	Rs14.66	Rs237.05	x
2006-03-31	Rs15.90	Rs237.05	x
2007-03-31	Rs17.77	Rs237.05	x
2008-03-31	Rs23.39	Rs237.05	x
2009-03-31	Rs27.03	Rs237.05	x
2010-03-31	Rs39.38	Rs237.05	x
2011-03-31	Rs42.51	Rs237.05	x
2012-03-31	Rs41.82	Rs237.05	x
2013-03-31	Rs47.30	Rs237.05	x
2014-03-31	Rs50.05	Rs237.05	x
2015-03-31	Rs50.50	Rs237.05	x
2016-03-31	Rs49.84	Rs237.05	x
2017-03-31	Rs47.68	Rs237.05	x
2018-03-31	Rs95.47	Rs237.05	x
2019-03-31	Rs189.93	Rs237.05	x
2020-03-31	Rs181.98	Rs237.05	x
2021-03-31	Rs181.11	Rs237.05	x
2022-03-31	Rs202.80	Rs237.05	x
2023-03-31	Rs221.84	Rs237.05	x
2024-03-31	Rs229.35	Rs237.05	x
2025-03-31	Rs230.70	Rs237.05	x
2026-03-31	Rs246.57	Rs237.05	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): 7.17%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.29%
• Asset Turnover: 0.42x
• Equity Multiplier: 1.30x
Recent ROE (7.17%) is below the historical average (15.01%), 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	Rs116.12 Million
2006	12.15%	7.41%	0.41x	3.99x	Rs68.81 Million
2007	20.61%	9.03%	0.57x	4.03x	Rs380.17 Million
2008	26.84%	15.47%	0.65x	2.67x	Rs918.35 Million
2009	18.03%	10.40%	0.61x	2.85x	Rs476.38 Million
2010	20.55%	13.49%	0.71x	2.16x	Rs878.09 Million
2011	14.15%	11.57%	0.54x	2.25x	Rs378.16 Million
2012	6.74%	4.02%	0.58x	2.88x	Rs-277.13 Million
2013	10.62%	6.21%	0.60x	2.86x	Rs59.05 Million
2014	8.07%	5.53%	0.58x	2.51x	Rs-192.82 Million
2015	3.61%	2.97%	0.56x	2.18x	Rs-644.74 Million
2016	0.44%	0.51%	0.45x	1.96x	Rs-951.73 Million
2017	-4.63%	-5.29%	0.45x	1.94x	Rs-1.39 Billion
2018	57.63%	41.27%	0.97x	1.44x	Rs9.09 Billion
2019	79.77%	47.02%	1.25x	1.36x	Rs26.47 Billion
2020	1.93%	3.22%	0.47x	1.26x	Rs-2.84 Billion
2021	-0.51%	-1.45%	0.29x	1.21x	Rs-3.67 Billion
2022	11.01%	19.83%	0.41x	1.36x	Rs396.81 Million
2023	12.44%	21.86%	0.43x	1.33x	Rs1.04 Billion
2024	7.04%	13.10%	0.42x	1.29x	Rs-1.31 Billion
2025	2.58%	5.37%	0.38x	1.27x	Rs-3.30 Billion
2026	7.17%	13.29%	0.42x	1.30x	Rs-1.34 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: $5,773,812,678
Average return on equity (ROE) among peers: 15.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HEG Limited (HEG)	Rs47.58 Billion	13.93%	0.30x	$494.72 Million
Apar Industries Limited (APARINDS)	$928.28 Million	33.97%	4.83x	$8.19 Billion
Amara Raja Batteries Limited (ARE&M)	$29.37 Billion	16.05%	0.42x	$1.58 Billion
Bharat Bijlee Limited (BBL)	$3.19 Billion	16.85%	0.90x	$269.89 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$9.97 Billion	28.25%	3.20x	$15.20 Billion
Cords Cable Industries Limited (CORDSCABLE)	$90.46 Million	32.43%	2.11x	$50.91 Million
De Nora India Limited (DENORA)	$515.40 Million	20.24%	0.17x	$44.91 Million
Dynamic Cables Limited (DYCL)	$151.72 Million	3.43%	5.18x	$239.71 Million
Elin Electronics Limited (ELIN)	$4.93 Billion	5.44%	0.49x	$47.59 Million
Eveready Industries India Limited (EVEREADY)	$6.45 Billion	-2.16%	1.02x	$260.19 Million
Exicom Tele-Systems Limited (EXICOM)	$2.13 Billion	1.62%	2.18x	$246.19 Million

About HEG Limited

NSE:HEG India Electrical Equipment & Parts

Market Cap

$494.72 Million

Rs45.75 Billion INR

Market Cap Rank

#12408 Global

#627 in India

Share Price

Rs237.05

Change (1 day)

+4.98%

52-Week Range

Rs215.05 - Rs739.25

All Time High

Rs1000000.00