HEG Limited (NSE:HEG)

HEG Limited Stock Forecast

Stock Price Forecast

According to 2 analysts polled by S&P Global, HEG Limited stock has a consensus rating of "Strong Buy" and an average price target of ₹690.00. The average 1-year stock price forecast is 28.26% higher than the current stock price, while the lowest is ₹630.00 (+17.11%) and the highest is ₹750.00 (+39.42%).

Price Target: ₹690.00 (+28.26%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	₹630.00	₹690.00	₹690.00	₹750.00
Change	+17.11%	+28.26%	+28.26%	+39.42%

Analyst Ratings

The average analyst rating for HEG Limited stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sonali Salgaonkar Jefferies	Jefferies	Buy Maintains ₹650.00 → ₹630.00	Buy	Maintains	₹650.00 → ₹630.00	+17.11%	Jun 8, 2026
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹635.00	Buy	Maintains	₹635.00	+18.04%	Feb 18, 2026

Financial Forecast

Revenue This Year

32.05B

Increased by 18.28%

from 27.09B

Revenue Next Year

38.94B

Increased by 21.49%

from 32.05B

EPS This Year

23.57

Increased by 151.82%

from 9.36

EPS Next Year

29.75

Increased by 26.22%

from 23.57

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	22.02B	24.67B	23.95B	21.60B	27.09B	32.05B
Revenue Growth	75.26%	12.07%	-2.93%	-9.82%	25.46%	18.28%
Operating Income	4.52B	5.18B	2.09B	1.78B	3.45B	5.29B
Net Income	4.31B	5.32B	3.12B	1.15B	3.41B	4.55B
EPS	-	-	-	-	9.36	23.57
EPS Growth	-	-	-	-	78.29%	151.82%
Forward PE	7.04	7.04	7.04	7.04	7.04	22.82
Dividend / Share	8.00	8.50	4.50	1.80	3.40	5.60
Dividend Growth	-	6.25%	-47.06%	-60.00%	88.89%	64.71%
Free Cash Flow	-4.65B	-4.43B	814.94M	450.26M	-1.36B	-8.60B
No. Analysts	-	-	-	-	-	2

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	33.8B
Avg	32.0B
Low	30.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	24.8%
Avg	18.3%
Low	11.8%

EPS Forecast

EPS	2027	2028	2029
High	26.34
Avg	23.57
Low	20.80

EPS Growth

EPS Growth	2027	2028	2029
High	181.4%
Avg	151.8%
Low	122.2%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Jun 8, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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