₹439.33
Below FV▲ +76.0% against the close used
Model range ₹96.33 – ₹796.68
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.
Bear₹96.33Fair value₹439.33Bull₹796.68
FairClose
52-week traded range
52W low ₹249.6552W high ₹739.25
The 52-week range is measured from the stored price history, not estimated.
Trading below the consensus fair value
Heg Ltd closed at ₹249.65, 43.2% below the consensus fair value of ₹439.33 drawn from 10 valuation models.
Financial DNA score 59/100 — Good. P/E of 12.9x against the 20x sector multiple the P/E model uses.
Quantitative summary only — not investment advice.
DCF Valuation
₹351.13
+40.6%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
₹328.65
+31.6%
√(22.5 × EPS × BVPS)
EPS=17.69, BVPS=271.36
Graham Formula
₹796.68
+219.1%
EPS × (8.5 + 2g) × 6.5 ÷ FD_Rate
g=20%, FD=7%
P/E Fair Value
₹578.46
+131.7%
EPS × 32.7x (sector P/E)
EPS=17.69, Sector P/E=32.7x
Peter Lynch (PEG)
₹406.87
+63.0%
EPS × Growth% (PEG = 1 is fair)
EPS=17.69, g=23%
EV/EBITDA
₹557.44
+123.3%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=6.12B
Dividend Discount (DDM)
₹192.78
-22.8%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=3.57, r=10%, g=8%
Book Value (P/B)
₹96.33
-61.4%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=271.36, ROE=7.4%, g=6%, r=10%
Reverse DCF
₹249.65
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 2.4% | Historical: 23%
Margin of Safety
₹385.30
+54.3%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=513.73, MoS=25%
Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.
Educational data only. Not a recommendation to buy, sell or hold any security.