HEG Advanced Materials Limited (NSE:HEGAM)

HEG Advanced Materials Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	29,649	25,685	21,527	23,949	24,672	22,016
Revenue Growth	26.88%	19.31%	-10.11%	-2.93%	12.06%	75.26%
Gross Profit Gross Profit Growth	16,234	15,051	12,490	12,435	15,521	13,726
Operating Income Operating Income Growth	4,265	3,122	1,831	2,092	5,179	4,521
Net Income Net Income Growth	5,334	3,414	1,151	3,117	5,324	4,310
Earnings Per Share EPS Growth	22.56	17.69	5.96	16.15	27.59	22.34
EPS Growth	68.87%	196.64%	-63.08%	-41.46%	23.52%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Power Power Growth	1,434	289.48	326.6	338.34	470.99	266.18
Others Others Growth	-	73.66	69.82	-	-	-
Graphite (Including Other Carbon Products) Graphite (Including Other Carbon Products) Growth	-	25,396	21,200	23,611	24,201	21,763
Total Total Growth	29,723	25,759	21,597	23,949	24,672	22,016

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	13,900	6,365	5,211	7,120	7,673	12,463
Total Debt Total Debt Growth	11,351	7,960	5,877	6,227	7,426	6,647
Net Cash (Debt) Net Cash Growth	2,549	-1,595	-665.56	892.94	247.23	5,816
Net Cash Growth	109.17%	-	-	261.18%	-95.75%	-22.90%
Net Cash Per Share Net Cash Per Share Growth	10.78	-8.27	-3.45	4.63	1.28	30.14

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	2,339	2,132	2,797	6,122	1,133	-1,406
Capital Expenditures CapEx Growth	-6,693	-2,527	-1,822	-3,416	-4,797	-3,595
Free Cash Flow Free Cash Flow Growth	-4,354	-394.79	974.75	2,707	-3,664	-5,001
Free Cash Flow Growth	-	-	-63.99%	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	54.75%	58.60%	58.02%	51.92%	62.91%	62.34%
Operating Margin	14.39%	12.16%	8.51%	8.74%	20.99%	20.53%
Pretax Margin	18.00%	15.74%	7.67%	16.51%	27.45%	25.46%
Profit Margin	17.99%	13.29%	5.34%	13.01%	21.58%	19.58%
FCF Margin	-14.69%	-1.54%	4.53%	11.30%	-14.85%	-22.72%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 9, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	3.400	3.400	1.800	4.500	8.500	8.000
Dividend Per Share Growth	88.89%	88.89%	-60.00%	-47.06%	6.25%	1233.33%
Dividend Yield	1.18%	0.63%	0.37%	1.22%	4.62%	2.91%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 9, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	12.83	30.66	80.99	22.84	6.67	12.32
Forward PE	12.08	29.69	29.69	29.69	29.69	29.69
P/FCF Ratio	-	-	95.59	26.30	-	-
PS Ratio	1.88	4.08	4.33	2.97	1.44	2.41

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error