HEG Ltd
NSE:HEG
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (3.6), the stock would be worth ₹474.51 (28% downside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 5 | ₹657.8 |
0%
|
| 3-Year Average | 3.6 | ₹474.51 |
-28%
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| 5-Year Average | 2.6 | ₹339.24 |
-48%
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| Industry Average | 3.4 | ₹446.51 |
-32%
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| Country Average | 2.9 | ₹382.01 |
-42%
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Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
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₹109.3B
|
/ |
Jan 2026
₹25.1B
|
= |
|
|
₹109.3B
|
/ |
Mar 2026
₹28.2B
|
= |
|
|
₹109.3B
|
/ |
Mar 2027
₹33.4B
|
= |
|
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₹109.3B
|
/ |
Mar 2028
₹40.2B
|
= |
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Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
H
|
HEG Ltd
NSE:HEG
|
128.2B INR | 5 | 33.3 | |
| CN |
|
Contemporary Amperex Technology Co Ltd
SZSE:300750
|
2T CNY | 3.7 | 25.3 | |
| CH |
|
Abb Ltd
SIX:ABBN
|
140.9B CHF | 5.2 | 35.9 | |
| FR |
|
Schneider Electric SE
PAR:SU
|
152.3B EUR | 4.1 | 36.6 | |
| IE |
|
Eaton Corporation PLC
NYSE:ETN
|
161.7B USD | 6.1 | 39.3 | |
| US |
|
Vertiv Holdings Co
NYSE:VRT
|
123.8B USD | 10.8 | 75.2 | |
| US |
|
Emerson Electric Co
NYSE:EMR
|
79.5B USD | 4.6 | 33.8 | |
| KR |
|
LG Energy Solution Ltd
KRX:373220
|
108.6T KRW | 5.3 | -103.1 | |
| JP |
|
Fujikura Ltd
TSE:5803
|
10.4T JPY | 9.7 | 72.2 | |
| US |
|
AMETEK Inc
NYSE:AME
|
53.4B USD | 7.2 | 35.5 | |
| FR |
|
Legrand SA
PAR:LR
|
38.7B EUR | 4.5 | 31.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.9 |
| 70th Percentile | 5 |
| Max | 55 686.2 |
Other Multiples
HEG Ltd
Glance View
HEG Ltd., a stalwart in the industrial landscape of India, emerges as a key player in the world of graphite electrode manufacturing. Graphite electrodes are indispensable in the production of steel through electric arc furnaces, a process favored for its efficiency and environmental benefits compared to traditional blast furnaces. Stepping into the sprawling facilities of HEG, one would witness the intricate fusion of technology and innovation that drives their production processes. The company boasts one of the largest graphite electrode plants in the world, located in Mandideep, Madhya Pradesh. This formidable capacity enables HEG to cater to both domestic and international markets, underpinning its status as a pivotal supplier to the global steel industry. The company's revenue model flourishes by tapping into the cyclical nature of the steel industry. As steel producers ramp up their output during periods of high demand, HEG stands resiliently prepared to supply the essential graphite electrodes that are crucial for this uptick in production. Leveraging its extensive R&D capabilities, HEG continually enhances the efficiency and quality of its electrodes, maintaining a competitive edge in a highly specialized market. This focus on innovation, coupled with strategic investments in production capacity, ensures that HEG can scale operations effectively while retaining a sharp focus on quality. As global markets continue to emphasize sustainable production practices, HEG's role in supporting greener steelmaking processes drives both its strategic direction and financial outcomes.