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HEG Limited (IN:HEG)
:HEG
India Market

HEG Limited (HEG) Ratios

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HEG Limited Ratios

IN:HEG's free cash flow for Q2 2026 was ₹0.45. For the 2026 fiscal year, IN:HEG's free cash flow was decreased by ₹ and operating cash flow was ₹0.26. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
2.41 2.26 2.25 2.17 2.34
Quick Ratio
1.38 1.11 1.23 1.07 1.58
Cash Ratio
0.03 0.05 0.12 0.03 0.03
Solvency Ratio
0.47 0.26 0.38 0.45 0.37
Operating Cash Flow Ratio
0.21 0.26 0.52 0.09 -0.11
Short-Term Operating Cash Flow Coverage
0.38 0.48 0.99 0.15 -0.21
Net Current Asset Value
₹ 14.95B₹ 12.62B₹ 13.54B₹ 14.41B₹ 16.13B
Leverage Ratios
Debt-to-Assets Ratio
0.11 0.10 0.11 0.13 0.13
Debt-to-Equity Ratio
0.14 0.13 0.14 0.17 0.17
Debt-to-Capital Ratio
0.12 0.12 0.12 0.15 0.15
Long-Term Debt-to-Capital Ratio
0.00 0.00 0.00 0.00 0.00
Financial Leverage Ratio
1.27 1.27 1.29 1.33 1.36
Debt Service Coverage Ratio
0.92 0.53 0.67 0.86 0.77
Interest Coverage Ratio
17.71 3.00 6.05 19.23 64.01
Debt to Market Cap
0.07 0.06 0.08 0.21 0.12
Interest Debt Per Share
35.37 32.47 34.12 39.81 34.81
Net Debt to EBITDA
0.87 1.42 0.93 0.88 0.96
Profitability Margins
Gross Profit Margin
23.61%17.43%18.16%31.95%41.85%
EBIT Margin
19.69%8.27%14.68%28.87%26.11%
EBITDA Margin
28.25%17.63%22.01%33.07%29.76%
Operating Profit Margin
27.12%5.48%9.08%20.33%20.88%
Pretax Profit Margin
18.46%7.48%16.61%27.81%25.79%
Net Profit Margin
15.17%5.37%13.10%21.86%19.83%
Continuous Operations Profit Margin
15.17%5.37%13.10%21.86%19.83%
Net Income Per EBT
82.17%71.75%78.83%78.60%76.91%
EBT Per EBIT
68.07%136.60%182.98%136.80%123.49%
Return on Assets (ROA)
6.42%2.04%5.47%9.35%8.12%
Return on Equity (ROE)
8.47%2.58%7.04%12.44%11.01%
Return on Capital Employed (ROCE)
14.24%2.57%4.77%11.32%11.29%
Return on Invested Capital (ROIC)
10.32%1.64%3.31%7.61%7.45%
Return on Tangible Assets
6.42%2.04%5.47%9.35%8.12%
Earnings Yield
4.14%1.24%4.12%14.98%8.12%
Efficiency Ratios
Receivables Turnover
4.47 4.81 4.24 4.98 3.69
Payables Turnover
3.88 3.52 4.58 3.54 2.82
Inventory Turnover
1.24 1.12 1.63 0.64 1.29
Fixed Asset Turnover
1.28 1.07 1.18 1.33 1.50
Asset Turnover
0.42 0.38 0.42 0.43 0.41
Working Capital Turnover Ratio
3.11 1.51 1.59 1.50 1.38
Cash Conversion Cycle
282.76 297.66 230.27 544.70 252.00
Days of Sales Outstanding
81.70 75.84 86.17 73.31 98.95
Days of Inventory Outstanding
295.14 325.38 223.80 574.38 282.40
Days of Payables Outstanding
94.07 103.55 79.71 103.00 129.35
Operating Cycle
376.84 401.22 309.97 647.69 381.35
Cash Flow Ratios
Operating Cash Flow Per Share
12.53 14.49 31.73 5.87 -7.29
Free Cash Flow Per Share
8.60 5.05 12.47 -18.99 -25.92
CapEx Per Share
3.92 9.44 19.25 24.86 18.63
Free Cash Flow to Operating Cash Flow
0.69 0.35 0.39 -3.23 3.56
Dividend Paid and CapEx Coverage Ratio
2.17 1.04 1.14 0.18 -0.38
Capital Expenditure Coverage Ratio
3.19 1.53 1.65 0.24 -0.39
Operating Cash Flow Coverage Ratio
0.38 0.48 0.98 0.15 -0.21
Operating Cash Flow to Sales Ratio
0.10 0.13 0.26 0.05 -0.06
Free Cash Flow Yield
1.80%1.05%3.18%-10.31%-9.42%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
24.16 80.96 24.27 6.67 12.32
Price-to-Sales (P/S) Ratio
3.66 4.34 3.18 1.46 2.44
Price-to-Book (P/B) Ratio
1.97 2.09 1.71 0.83 1.36
Price-to-Free Cash Flow (P/FCF) Ratio
55.44 95.57 31.43 -9.70 -10.62
Price-to-Operating Cash Flow Ratio
38.10 33.31 12.36 31.36 -37.77
Price-to-Earnings Growth (PEG) Ratio
0.50 -1.28 -0.59 0.28 >-0.01
Price-to-Fair Value
1.97 2.09 1.71 0.83 1.36
Enterprise Value Multiple
13.83 26.06 15.37 5.29 9.18
Enterprise Value
98.25B 98.53B 80.50B 42.63B 59.35B
EV to EBITDA
13.83 26.06 15.37 5.29 9.18
EV to Sales
3.91 4.59 3.38 1.75 2.73
EV to Free Cash Flow
59.14 101.07 33.45 -11.63 -11.87
EV to Operating Cash Flow
40.63 35.22 13.15 37.62 -42.21
Tangible Book Value Per Share
241.54 230.57 229.29 221.82 202.80
Shareholders’ Equity Per Share
241.68 230.70 229.35 221.84 202.80
Tax and Other Ratios
Effective Tax Rate
0.18 0.28 0.21 0.21 0.23
Revenue Per Share
130.25 111.07 123.32 126.20 112.62
Net Income Per Share
19.76 5.96 16.15 27.59 22.34
Tax Burden
0.82 0.72 0.79 0.79 0.77
Interest Burden
0.94 0.90 1.13 0.96 0.99
Research & Development to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
SG&A to Revenue
0.00 0.01 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
0.00 0.00 0.00 0.00 0.00
Income Quality
0.67 2.43 1.96 0.17 -0.25
Currency in INR