StoxHEG Advanced Materials vs Elecon Engineering Co.: share price & financials comparison
NSE: HEGAM vs ELECON · Capital Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
HEG Advanced Materials vs Elecon Engineering Co. at a glance
HEG Advanced Materials (HEGAM) has a market capitalisation of ₹9,692 Cr, against ₹9,401 Cr for Elecon Engineering Co. (ELECON). Over the past year Elecon Engineering Co. has returned -25.2%, compared with -49.4% for HEG Advanced Materials. On valuation, HEG Advanced Materials trades at a lower P/E of 24.2 versus 97.6. HEG Advanced Materials earns a higher return on equity (16.0% vs 3.8%). HEG Advanced Materials comes out ahead on size and profitability. Elecon Engineering Co. comes out ahead on valuation, growth, momentum and technicals. Across the scored metrics below, HEG Advanced Materials leads on 6 and Elecon Engineering Co. on 11. On StoxGud's 10-point checklist, HEG Advanced Materials scores 4/10 and Elecon Engineering Co. scores 2/10.
| Metric | HEG Advanced Materials | Elecon Engineering Co. |
|---|---|---|
| Size | ||
| Market cap | ₹9,692 Cr | ₹9,401 Cr |
| Revenue (latest FY) | ₹2,568 Cr | ₹2,366 Cr |
| Net profit (latest FY) | ₹341 Cr | ₹0 Cr |
| Valuation | ||
| P/E | 24.2 | 97.6 |
| P/B | 3.87 | 3.75 |
| Dividend yield | 0.38% | 0.48% |
| Profitability | ||
| Return on equity | 16.0% | 3.8% |
| Net profit margin | 16.9% | 3.9% |
| Operating margin | 14.4% | 21.3% |
| Growth | ||
| Revenue growth (YoY) | -38.5% | +10.5% |
| Net profit growth (YoY) | +114.0% | +9.8% |
| Revenue CAGR (multi-year) | +15.4% | +17.8% |
| Financial health | ||
| Debt to equity | 0.45 | 0.00 |
| Momentum | ||
| 1-month return | +19.0% | -5.1% |
| 1-year return | -49.4% | -25.2% |
| 3-year CAGR | -3.7% | -3.2% |
| 5-year CAGR | -6.1% | +37.8% |
| 10-year CAGR | +24.2% | +29.6% |
| Distance from 52W high | -60.2% | -26.3% |
| Technicals | ||
| RSI (14) | 74 | 31 |
| Price vs 200-day avg | -42.8% | -7.2% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | HEG Advanced Materials | Elecon Engineering Co. |
|---|---|---|
| Price above 50-day average | ✗ | ✗ |
| Price above 200-day average | ✗ | ✗ |
| 50-day average above 200-day (uptrend) | ✗ | ✗ |
| RSI in healthy 40–70 zone | ✗ | ✗ |
| Positive 1-year return | ✗ | ✗ |
| Return on equity above 15% | ✓ | ✗ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✗ | ✓ |
| Net profit margin above 10% | ✓ | ✗ |
| P/E below industry median | ✓ | ✗ |
| Score | 4/10 | 2/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, HEG Advanced Materials or Elecon Engineering Co.?
HEG Advanced Materials has a market cap of ₹9,692 Cr and Elecon Engineering Co. has a market cap of ₹9,401 Cr as of 06 Nov 2026.
Which has a lower P/E, HEG Advanced Materials or Elecon Engineering Co.?
HEG Advanced Materials has the lower P/E: HEG Advanced Materials trades at 24.2 and Elecon Engineering Co. at 97.6.
Which gave better returns in the last year, HEG Advanced Materials or Elecon Engineering Co.?
Elecon Engineering Co. did better: HEG Advanced Materials returned -49.4% and Elecon Engineering Co. returned -25.2% over one year.
Is HEG Advanced Materials or Elecon Engineering Co. a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist HEG Advanced Materials scores 4/10 and Elecon Engineering Co. scores 2/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.