HEG Limited

NSEI:HEG Stock Report

Market Cap: ₹104.5b

HEG Management

Management criteria checks 3/4

HEG's CEO is Ravi Jhunjhunwala, appointed in May 2010, has a tenure of 14.58 years. total yearly compensation is ₹135.38M, comprised of 21.6% salary and 78.4% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth ₹6.83M. The average tenure of the management team and the board of directors is 7.6 years and 6.2 years respectively.

Key information

Ravi Jhunjhunwala

Chief executive officer

₹135.4m

Total compensation

CEO salary percentage21.6%
CEO tenure14.6yrs
CEO ownership0.007%
Management average tenure7.6yrs
Board average tenure6.2yrs

Recent management updates

Recent updates

HEG Limited's (NSE:HEG) P/E Is Still On The Mark Following 35% Share Price Bounce

Dec 05
HEG Limited's (NSE:HEG) P/E Is Still On The Mark Following 35% Share Price Bounce

HEG (NSE:HEG) Has A Somewhat Strained Balance Sheet

Dec 03
HEG (NSE:HEG) Has A Somewhat Strained Balance Sheet

Getting In Cheap On HEG Limited (NSE:HEG) Might Be Difficult

Oct 08
Getting In Cheap On HEG Limited (NSE:HEG) Might Be Difficult

Is It Too Late To Consider Buying HEG Limited (NSE:HEG)?

Sep 17
Is It Too Late To Consider Buying HEG Limited (NSE:HEG)?

Weak Statutory Earnings May Not Tell The Whole Story For HEG (NSE:HEG)

Jul 05
Weak Statutory Earnings May Not Tell The Whole Story For HEG (NSE:HEG)

HEG (NSE:HEG) Takes On Some Risk With Its Use Of Debt

Jun 12
HEG (NSE:HEG) Takes On Some Risk With Its Use Of Debt

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

Apr 30
Is Now The Time To Look At Buying HEG Limited (NSE:HEG)?

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

Apr 03
There's No Escaping HEG Limited's (NSE:HEG) Muted Earnings Despite A 25% Share Price Rise

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

Dec 28
Market Still Lacking Some Conviction On HEG Limited (NSE:HEG)

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

Aug 16
HEG (NSE:HEG) Is Increasing Its Dividend To ₹42.50

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

Aug 02
HEG (NSE:HEG) Is Paying Out A Larger Dividend Than Last Year

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

Oct 07
Returns On Capital At HEG (NSE:HEG) Paint A Concerning Picture

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

Jun 17
Here's Why HEG (NSE:HEG) Can Manage Its Debt Responsibly

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

Feb 14
Is HEG (NSE:HEG) Using Too Much Debt?

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

Jan 13
The Return Trends At HEG (NSE:HEG) Look Promising

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

Sep 29
Calculating The Fair Value Of HEG Limited (NSE:HEG)

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

Aug 23
Health Check: How Prudently Does HEG (NSE:HEG) Use Debt?

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

May 03
Calculating The Intrinsic Value Of HEG Limited (NSE:HEG)

Is HEG (NSE:HEG) Using Debt Sensibly?

Mar 10
Is HEG (NSE:HEG) Using Debt Sensibly?

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

Jan 14
Do Institutions Own HEG Limited (NSE:HEG) Shares?

Does HEG (NSE:HEG) Have A Healthy Balance Sheet?

Dec 10
Does HEG (NSE:HEG) Have A Healthy Balance Sheet?

CEO Compensation Analysis

How has Ravi Jhunjhunwala's remuneration changed compared to HEG's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹2b

Jun 30 2024n/an/a

₹2b

Mar 31 2024₹135m₹29m

₹3b

Dec 31 2023n/an/a

₹4b

Sep 30 2023n/an/a

₹4b

Jun 30 2023n/an/a

₹5b

Mar 31 2023₹214m₹25m

₹5b

Dec 31 2022n/an/a

₹6b

Sep 30 2022n/an/a

₹6b

Jun 30 2022n/an/a

₹5b

Mar 31 2022₹183m₹22m

₹4b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹245m

Mar 31 2021₹15m₹10m

-₹179m

Dec 31 2020n/an/a

-₹4b

Sep 30 2020n/an/a

-₹4b

Jun 30 2020n/an/a

-₹2b

Mar 31 2020₹24m₹19m

₹676m

Dec 31 2019n/an/a

₹9b

Sep 30 2019n/an/a

₹18b

Jun 30 2019n/an/a

₹25b

Mar 31 2019₹1b₹19m

₹30b

Dec 31 2018n/an/a

₹30b

Sep 30 2018n/an/a

₹27b

Jun 30 2018n/an/a

₹18b

Mar 31 2018₹433m₹21m

₹11b

Compensation vs Market: Ravi's total compensation ($USD1.59M) is above average for companies of similar size in the Indian market ($USD470.45K).

Compensation vs Earnings: Ravi's compensation has been consistent with company performance over the past year.

CEO

Ravi Jhunjhunwala (69 yo)

14.6yrs

Tenure

₹135,378,000

Compensation

Mr. Ravi Jhunjhunwala, B.Com (H), MBA, serves as the Chairman and Managing Director at HEG Ltd. and has been its Chief Executive Officer since May 2010. Mr. Jhunjhunwala is an Industrialist with diversifie...

Leadership Team

NamePositionTenureCompensationOwnership
Ravi Jhunjhunwala
Chairman14.6yrs₹135.38m0.0065%
₹ 6.8m
Manish Gulati
COO, Chief Marketing Officer & Whole Time Director14.9yrs₹26.71mno data
Vivek Chaudhary
Compliance Officer & Company Secretary7.6yrs₹4.50mno data
Ravi Tripathi
Chief Financial Officerless than a yearno datano data
Sudhir Sood
Chief Human Resource Officerno datano datano data
Om Ajmera
Group Chief Financial Officer5.9yrsno datano data

7.6yrs

Average Tenure

59yo

Average Age

Experienced Management: HEG's management team is seasoned and experienced (7.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ravi Jhunjhunwala
Chairman45.3yrs₹135.38m0.0065%
₹ 6.8m
Manish Gulati
COO, Chief Marketing Officer & Whole Time Director4.8yrs₹26.71mno data
Ramni Nirula
Non-Executive & Independent Women Director6.2yrs₹975.00kno data
Lakshmi Jhunjhunwala
Chairman Emeritusno datano datano data
Riju Jhunjhunwala
Vice-Chairman of the Board15.7yrs₹975.00k0.0035%
₹ 3.7m
Shekhar Agarwal
Non-Executive Director28.4yrs₹750.00kno data
Nand Khaitan
Independent Directorless than a yearno datano data
Vinita Singhania
Non-Executive Director6.2yrs₹450.00kno data
Jayant Davar
Non-Executive Independent Director5.3yrs₹1.28m0.000010%
₹ 10.5k
Sandip Somany
Independent Directorless than a yearno datano data
Satish Mehta
Non-Executive & Independent Director8.5yrs₹975.00kno data
Priya Dasgupta
Independent Directorless than a yearno datano data

6.2yrs

Average Tenure

69yo

Average Age

Experienced Board: HEG's board of directors are considered experienced (6.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 23:39
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HEG Limited is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh ZawarAnand Rathi Shares and Stock Brokers Limited
Shareen BatatawalaAngel Broking Private Limited
Pramod TiwariBatlivala & Karani Securities India Pvt. Ltd.