HEG Future Growth

Future criteria checks 5/6

HEG is forecast to grow earnings and revenue by 45.2% and 24.6% per annum respectively. EPS is expected to grow by 45.2% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

45.2%

Earnings growth rate

45.2%

EPS growth rate

Electrical earnings growth	36.4%
Revenue growth rate	24.6%
Future return on equity	15.0%
Analyst coverage	Low
Last updated	21 Mar 2024

Recent future growth updates

Recent updates

Is Now The Time To Look At Buying HEG Limited (NSE:HEG)?

Apr 30

There's No Escaping HEG Limited's (NSE:HEG) Muted Earnings Despite A 25% Share Price Rise

Apr 03

HEG (NSE:HEG) Has Rewarded Shareholders With An Exceptional 369% Total Return On Their Investment

Nov 11

How Many HEG Limited (NSE:HEG) Shares Do Institutions Own?

Sep 19

Should You Review Recent Insider Transactions At HEG Limited (NSE:HEG)?

Aug 23

HEG Limited's (NSE:HEG) Stock Is Going Strong: Have Financials A Role To Play?

Jul 23

Earnings and Revenue Growth Forecasts

NSEI:HEG - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	40,771	8,015	N/A	N/A	2
3/31/2025	33,023	5,199	N/A	N/A	2
3/31/2024	24,368	2,397	N/A	N/A	2
12/31/2023	24,649	3,785	N/A	N/A	N/A
9/30/2023	24,327	4,396	-571	3,732	N/A
6/30/2023	24,167	5,125	N/A	N/A	N/A
3/31/2023	24,672	5,324	-3,664	1,133	N/A
12/31/2022	25,234	5,619	N/A	N/A	N/A
9/30/2022	25,905	5,707	-5,031	13	N/A
6/30/2022	25,099	5,333	N/A	N/A	N/A
3/31/2022	22,016	4,310	-5,001	-1,406	N/A
12/31/2021	19,090	2,857	N/A	N/A	N/A
9/30/2021	16,313	1,714	-1,072	2,707	N/A
6/30/2021	14,366	245	N/A	N/A	N/A
3/31/2021	12,562	-179	4,597	7,158	N/A
12/31/2020	12,502	-3,788	N/A	N/A	N/A
9/30/2020	13,243	-3,792	5,940	7,679	N/A
6/30/2020	15,658	-1,615	N/A	N/A	N/A
3/31/2020	21,490	676	5,019	7,387	N/A
12/31/2019	31,212	9,269	N/A	N/A	N/A
9/30/2019	45,925	17,935	6,538	7,990	N/A
6/30/2019	58,220	24,940	N/A	N/A	N/A
3/31/2019	65,928	30,262	14,280	14,882	N/A
12/31/2018	63,124	30,389	N/A	N/A	N/A
9/30/2018	55,193	26,685	17,477	17,906	N/A
6/30/2018	40,287	18,203	N/A	N/A	N/A
3/31/2018	27,501	10,993	5,740	5,941	N/A
3/31/2017	8,633	-441	N/A	1,570	N/A
3/31/2016	8,715	44	N/A	2,493	N/A
3/31/2015	12,332	364	N/A	2,765	N/A
3/31/2014	14,682	807	N/A	7,733	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEG's forecast earnings growth (45.2% per year) is above the savings rate (6.7%).

Earnings vs Market: HEG's earnings (45.2% per year) are forecast to grow faster than the Indian market (17.3% per year).

High Growth Earnings: HEG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HEG's revenue (24.6% per year) is forecast to grow faster than the Indian market (9.8% per year).

High Growth Revenue: HEG's revenue (24.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HEG's Return on Equity is forecast to be low in 3 years time (15%).

HEG Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 9.7% to ₹2,300

Price target increased by 7.6% to ₹1,460

Price target decreased to ₹1,418

Price target decreased to ₹2,350

Price target decreased to ₹2,620

Price target raised to ₹1,218

Recent updates

Is Now The Time To Look At Buying HEG Limited (NSE:HEG)?

Investor sentiment improves as stock rises 16%

HEG Limited to Report Q4, 2024 Results on May 24, 2024

There's No Escaping HEG Limited's (NSE:HEG) Muted Earnings Despite A 25% Share Price Rise

Price target increased by 9.7% to ₹2,300

Third quarter 2024 earnings released: EPS: ₹11.32 (vs ₹27.13 in 3Q 2023)

Investor sentiment deteriorates as stock falls 16%

HEG Limited to Report Q3, 2024 Results on Feb 12, 2024

Market Still Lacking Some Conviction On HEG Limited (NSE:HEG)

Investor sentiment improves as stock rises 15%

Second quarter 2024 earnings released: EPS: ₹24.87 (vs ₹43.77 in 2Q 2023)

HEG Limited to Report First Half, 2024 Results on Nov 08, 2023

HEG Limited Declares Final Dividend for the Fiscal Year 2022-23

Upcoming dividend of ₹42.50 per share at 2.4% yield

HEG (NSE:HEG) Is Increasing Its Dividend To ₹42.50

Full year 2023 earnings released: EPS: ₹138 (vs ₹112 in FY 2022)

HEG (NSE:HEG) Is Paying Out A Larger Dividend Than Last Year

HEG Limited, Annual General Meeting, Aug 31, 2023

HEG Limited to Report Q1, 2024 Results on Aug 11, 2023

Price target increased by 7.6% to ₹1,460

Investor sentiment improves as stock rises 20%

HEG Limited Recommends Final Dividend for the Financial Year 2022-23

Full year 2023 earnings released: EPS: ₹138 (vs ₹112 in FY 2022)

HEG Limited to Report Q4, 2023 Results on May 22, 2023

Insufficient new directors

Third quarter 2023 earnings released: EPS: ₹27.13 (vs ₹29.40 in 3Q 2022)

HEG Limited to Report Q3, 2023 Results on Feb 14, 2023

Price target decreased to ₹1,418

Second quarter 2023 earnings released: EPS: ₹43.77 (vs ₹34.07 in 2Q 2022)

Second quarter 2023 earnings released: EPS: ₹43.77 (vs ₹34.07 in 2Q 2022)

HEG Limited to Report Q2, 2023 Results on Nov 11, 2022

Returns On Capital At HEG (NSE:HEG) Paint A Concerning Picture

HEG Limited Declares Final Dividend for the Fiscal Year 2022

Upcoming dividend of ₹40.00 per share

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹112 (vs ₹4.65 loss in FY 2021)

HEG Limited Recommends Final Dividend for the Financial Year 2021-22

HEG Limited to Report Q1, 2023 Results on Aug 10, 2022

HEG Limited, Annual General Meeting, Sep 01, 2022

HEG Limited, Annual General Meeting, Sep 01, 2022

Here's Why HEG (NSE:HEG) Can Manage Its Debt Responsibly

Full year 2022 earnings released: EPS: ₹112 (vs ₹4.65 loss in FY 2021)

HEG Limited Recommends Final Dividend for the Financial Year 2021-2022

Price target decreased to ₹2,350

Investor sentiment improved over the past week

Is HEG (NSE:HEG) Using Too Much Debt?

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

HEG Limited to Report Q3, 2022 Results on Feb 09, 2022

The Return Trends At HEG (NSE:HEG) Look Promising

Price target decreased to ₹2,620

Second quarter 2022 earnings released: EPS ₹34.07 (vs ₹3.98 loss in 2Q 2021)

Calculating The Fair Value Of HEG Limited (NSE:HEG)

High number of new directors

Non-Executive & Independent Director Om Bahl has left the company

Health Check: How Prudently Does HEG (NSE:HEG) Use Debt?

First quarter 2022 earnings released: EPS ₹14.71 (vs ₹3.71 in 1Q 2021)

Upcoming dividend of ₹3.00 per share

Full year 2021 earnings released: ₹4.65 loss per share (vs ₹17.52 profit in FY 2020)

Full year 2021 earnings released: ₹4.65 loss per share (vs ₹17.52 profit in FY 2020)

HEG Limited Recommends Final Dividend for the Financial Year 2020-2021

Calculating The Intrinsic Value Of HEG Limited (NSE:HEG)

Is HEG (NSE:HEG) Using Debt Sensibly?

New 90-day high: ₹1,533

Price target raised to ₹1,218

Third quarter 2021 earnings released: ₹0.21 loss per share (vs ₹0.32 loss in 3Q 2020)

New 90-day high: ₹1,048

HEG Limited to Report Q3, 2021 Results on Feb 09, 2021

Do Institutions Own HEG Limited (NSE:HEG) Shares?

New 90-day high: ₹934