HEG Advanced Materials quarterly results and financials

HEG Advanced Materials (HEGAM)₹289.18−1.42%(9 Nov 2026 close)Electrodes & Refractories

Key facts

In the Jun 2026 quarter (consolidated), HEG Advanced Materials reported sales of ₹678 Cr, up 10.9% from Jun 2025, and net profit of ₹122 Cr, up 16.2% year on year. For the year to Mar 2026, sales were ₹2,558 Cr and net profit ₹340 Cr.

Sales (Jun 2026): ₹678 Cr
Net profit (Jun 2026): ₹122 Cr
Sales (FY Mar 2026): ₹2,558 Cr
Net profit (FY Mar 2026): ₹340 Cr
EPS (Jun 2026): ₹6.36
Borrowings (Mar 2026): ₹795 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

HEG Advanced Materials quarterly results

₹ crore unless stated; each column is a quarter.

HEG Advanced Materials Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	612	560	545	569	566	476	535	611	696	654	601	678
Expenses	512	476	505	533	471	411	598	507	581	513	752	529
Operating Profit	102	86.74	40.86	38.91	96.76	66.85	−60.86	106	118	143	−148	151
OPM %	17.1%	15.0%	8.0%	7.0%	17.0%	14.0%	−11.0%	17.1%	17.0%	22.0%	−24.9%	22.0%
Other Income	63.26	30.10	64.25	41.13	63.20	112	43.12	82.34	120	167	72.26	74.22
Interest	9.01	10.01	9.01	7.99	9.01	9.01	11.99	7.99	9.01	9.01	10.99	9.99
Depreciation	38.02	47.04	50.01	47.99	47.99	51.05	54.98	53.01	54.03	54.06	53.01	50.01
Profit before tax	118	58.84	45.84	23.93	103	119	−84.68	126	174	245	−140	165
Tax %	18.0%	27.0%	29.0%	3.0%	20.0%	30.0%	−13.0%	17.0%	18.0%	16.0%	−19.0%	26.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	−5.01	5.01	0.00	0.00	5.01	0.00
Net Profit	95.81	43.91	32.93	22.97	81.82	82.86	−73.92	105	143	207	−114	122
EPS (Rs)	4.99	2.27	1.72	1.20	4.27	4.33	−3.83	5.45	7.45	10.75	−5.91	6.36

HEG Advanced Materials profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

HEG Advanced Materials Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	867	856	2,740	6,566	2,136	1,249	2,193	2,455	2,383	2,144	2,558	2,629
Expenses	733	777	1,027	1,930	2,149	1,307	1,669	1,842	2,009	1,890	2,169	2,375
Operating Profit	137	80.79	1,717	4,647	−4.99	−52.82	529	618	381	259	398	263
OPM %	16.1%	9.0%	63.1%	71.0%	−0.2%	−4.2%	24.1%	25.0%	16.1%	12.0%	16.1%	10.0%
Other Income	4.02	7.03	12.05	106	144	114	117	188	224	141	260	434
Interest	60.01	54.96	56.04	17.99	36.97	11.01	6.99	25.98	36.02	38.99	36.97	39.00
Depreciation	79.06	74.03	73.03	72.03	71.99	73.01	78.99	102	175	201	213	211
Profit before tax	0.99	−40.89	1,600	4,660	28.92	−22.93	558	675	394	161	407	445
Tax %	886.0%	23.0%	33.0%	35.0%	−82.0%	−23.0%	23.0%	21.0%	21.0%	29.0%	16.0%	—
Exceptional items	2.01	0.00	2.01	31.03	72.15	55.12	−2.01	0.00	1.01	0.00	−1.01	5.01
Net Profit	3.99	−43.96	1,097	3,020	67.91	−17.98	430	531	311	115	340	358
EPS (Rs)	0.23	−2.21	55.11	157.12	3.51	−0.94	22.41	27.64	16.20	5.98	17.75	18.65
Dividend payout %	0.0%	0.0%	28.9%	10.0%	143.0%	−65.1%	36.0%	31.0%	28.0%	29.9%	19.0%	—

HEG Advanced Materials balance sheet

₹ crore, at each year end.

HEG Advanced Materials Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	39.97	39.93	39.95	40.01	38.99	38.96	39.02	38.96	38.98	38.97	38.98	38.96
Reserves	973	954	912	1,867	3,753	3,471	3,455	3,873	4,239	4,384	4,409	4,716
Borrowings	916	781	683	297	667	593	298	665	743	623	588	795
Other Liabilities	313	175	215	531	681	330	449	726	665	650	604	609
Total Liabilities	2,243	1,950	1,850	2,735	5,138	4,433	4,241	5,302	5,686	5,694	5,639	6,159
Fixed Assets	905	930	887	831	786	743	693	762	1,360	1,812	1,935	1,786
CWIP	108	27.08	1.01	2.01	19.06	101	374	698	473	213	71.14	224
Investments	223	227	231	248	942	1,246	1,357	1,170	858	1,200	1,400	1,477
Other Assets	1,007	765	730	1,654	3,392	2,344	1,817	2,672	2,995	2,470	2,232	2,672
Inventories	403	372	259	512	1,312	1,008	583	981	1,443	1,196	1,259	1,136
Trade receivables	405	318	361	974	1,187	399	289	589	489	508	445	500
Cash & equivalents	3.99	4.99	7.98	7.99	556	436	550	601	689	409	147	249
Total Assets	2,243	1,950	1,850	2,735	5,138	4,433	4,241	5,302	5,686	5,694	5,639	6,159

HEG Advanced Materials cash flow

₹ crore, for each year.

HEG Advanced Materials Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	276	249	157	594	1,489	739	716	−141	113	612	280	213
Cash from investing activity	−82.78	−28.93	−0.99	−8.97	−674	−274	−416	−182	−20.93	−183	−206	−319
Cash from financing activity	−202	−219	−153	−588	−788	−460	−310	344	−100	−324	−159	97.07
Net cash flow	−8.01	1.01	3.01	−3.01	24.01	4.01	−11.01	20.01	−8.01	104	−86.06	−10.01
Capex	30.99	31.97	3.99	20.01	48.94	237	256	360	480	372	182	253
Free cash flow	249	218	154	580	1,439	502	460	−499	−364	244	102	−34.95
CFO / OP %	155.1%	188.1%	205.0%	65.1%	67.0%	−17,019.9%	−1,349.0%	−2.0%	42.1%	169.1%	125.1%	59.1%

HEG Advanced Materials ratios

Working-capital days and returns, by year.

HEG Advanced Materials Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	122	135	154	130	67	69	85	99	73	79	76	72
Inventory days	238	342	216	391	428	226	262	431	574	379	507	389
Days payable	77	49	74	189	125	31	117	198	165	136	162	139
Cash conversion cycle	283	429	298	333	371	265	231	332	484	322	422	324
Working capital days	13	−7	−3	120	86	134	93	75	107	111	141	132
ROCE %	6.0%	3.0%	1.0%	86.0%	138.9%	0.0%	−2.0%	13.9%	14.9%	9.0%	4.0%	8.0%

HEG Advanced Materials: frequently asked questions

What are the latest quarterly results of HEG Advanced Materials?

For the Jun 2026 quarter, HEG Advanced Materials reported sales of ₹678 Cr, up 10.9% year on year and net profit of ₹122 Cr, up 16.2% year on year. The operating margin was 22.0%.

What is the annual revenue of HEG Advanced Materials?

HEG Advanced Materials' sales for the year to Mar 2026 were ₹2,558 Cr; over the last twelve months they were ₹2,629 Cr.

What is the net profit of HEG Advanced Materials?

Net profit for the year to Mar 2026 was ₹340 Cr, and ₹358 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.65.

How much debt does HEG Advanced Materials have?

HEG Advanced Materials reported borrowings of ₹795 Cr at Mar 2026, against cash and equivalents of ₹249 Cr.

What is the free cash flow of HEG Advanced Materials?

Cash from operations was ₹213 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹34.95 Cr.

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