HEG
Heg Limited
Each stock's 10,000-path forecast, rendered as light.
Heg Limited (HEG) Stock Analysis & Case Study
Is HEG a good buy? The data-driven verdict.
Heg Limited (HEG) trades at ₹674,on the numbers it tread carefully, a Downstox Snapshot Score of 39/100.
On the numbers, Heg Limited (HEG) tread carefully, a Downstox Snapshot Score of 39/100, weighing premium at 36.7× earnings, ROE of 7.4%, a 50% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
HEG fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How HEG ranks against the 2,373 companies in our screener
- HEG's market cap of 13,007 Cr ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HEG's book value of ₹247 ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HEG's promoter holding of 56.3% ranks in the 44th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HEG's 3-year profit (PAT) growth of -14.0% ranks in the 16th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HEG's 3-year revenue growth of 1.0% ranks in the 24th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HEG's debt-to-equity ratio of 0.17x is lower than 66% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is HEG overvalued? HEG P/E vs peers
HEG trades at 36.7× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
HEG share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of HEG history (31%/yr drift, 45%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| HEG 2027 | ₹376 | ₹675 | ₹1,211 | +0% |
| HEG 2028 | ₹294 | ₹676 | ₹1,555 | +0% |
| HEG 2029 | ₹246 | ₹676 | ₹1,857 | +0% |
| HEG 2030 | ₹211 | ₹677 | ₹2,170 | +0% |
| HEG 2031 | ₹187 | ₹678 | ₹2,457 | +1% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability HEG goes up, or doubles?
The bull case for HEG
- Heg Limited is part of the nifty200 universe with live, tracked fundamentals on Downstox.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,857.
The bear case & risks
- HEG's P/E of 36.7x is lower than 37% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HEG's return on equity of 7.4% ranks in the 38th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹246.
HEG volatility & expected range, how bumpy is the ride?
Over the last 9.8 years HEG compounded at 31%/year with annualized volatility of 45%. That volatility implies a 1-year 80% range of ₹376-₹1,211, the honest backbone behind any single price target.
HEG price forecast, the full 60-month probability fan
HEG price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds HEG hits common targets within the simulated horizon?
Full multi-horizon detail on the HEG price target & forecast page.
HEG Piotroski F-Score: 5/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. HEG scores 5/8, mixed financial health.
HEG MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy HEG with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 35.03% | 2.9× |
| ZerodhaCHEAPEST | 35.00% | 2.9× |
| Groww | 35.18% | 2.8× |
| DhanCHEAPEST | 35.00% | 2.9× |
| Kotak Neo | 35.09% | 2.8× |
| Paytm Money | 35.18% | 2.8× |
| Pocketful | 35.32% | 2.8× |
| Fyers | 35.71% | 2.8× |
| Anand RathiCHEAPEST | 35.00% | 2.9× |
| Bajaj Broking | 39.00% | 2.6× |
| Share India | 35.14% | 2.8× |
Compare every broker on the HEG MTF page.
Which ace investors hold HEG?
Held by 1 tracked superstar investor (from public NSE/BSE disclosures):
About Heg Limited: sector, index & market-cap context
Heg Limited (HEG) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹13,007 Cr. See more stocks on our screener.
How the HEG Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Heg Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
HEG analysis, FAQs
Is Heg Limited (HEG) a good buy?
On the numbers, Heg Limited (HEG) tread carefully, a Downstox Snapshot Score of 39/100, weighing premium at 36.7× earnings, ROE of 7.4%, a 50% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is HEG overvalued or undervalued?
HEG trades at 36.7× earnings, premium versus the ~22× long-run Nifty average.
What is the HEG share price target for 2031?
HEG's probability-weighted 2031 median target is ₹678, with an 80% range of ₹187-₹2,457 (10,000-path Monte-Carlo).
What is the probability HEG doubles in 5 years?
The modelled probability of HEG reaching ₹1,348 (2×) within 5 years is 24%.
What is the bull case for HEG?
Heg Limited is part of the nifty200 universe with live, tracked fundamentals on Downstox.
What are the risks in HEG?
HEG's P/E of 36.7x is lower than 37% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. HEG's return on equity of 7.4% ranks in the 38th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.