HEG (NSE:HEG) Construction In Progress: ₹2,581 Mil (As of Mar. 2026)


NSE:HEG HEG Ltd NSE:HEG
87 GF Score
Price ₹526.65
GF Value ₹530.34
Valuation Fairly Valued
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What is HEG Construction In Progress?

HEG NSE:HEG -0.88% 87 Construction In Progress is ₹2,581 Mil as of Mar. 2026. GuruFocus rates NSE:HEG with a GF Score™ of 87/100 and a GF Value™ of ₹530.34 (Fairly Valued).

HEG's quarterly construction in progress declined from Sep. 2025 (₹1,169 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹2,581 Mil).

HEG's annual construction in progress declined from Mar. 2024 (₹2,216 Mil) to Mar. 2025 (₹787 Mil) but then increased from Mar. 2025 (₹787 Mil) to Mar. 2026 (₹2,581 Mil).

HEG Construction In Progress Historical Data

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The historical data trend for HEG's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HEG Construction In Progress Chart

HEG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,960.76 4,720.08 2,215.93 787.04 2,581.33

HEG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 787.04 0.00 1,168.90 0.00 2,581.33
NSE:HEG
87GF Score
HEG Ltd NSE:HEG
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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HEG Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹2,581 Mil mean?
HEG (NSE:HEG) has a Construction In Progress of ₹2,581 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on HEG and its competitors.
Is HEG's Construction In Progress too high?
HEG's current Construction In Progress is ₹2,581 Mil. Overall, HEG has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HEG's Construction In Progress compare to VRT and BE?
HEG's Construction In Progress of ₹2,581 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on HEG and its competitors. HEG's current Construction In Progress is ₹2,581 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEG stock overvalued right now?
Based on GuruFocus' analysis, HEG (NSE:HEG) is currently considered Fairly Valued. The stock's GF Value™ is ₹530.34, compared to a current price of ₹526.65 — trading 0.7% below its estimated fair value. The current Construction In Progress is ₹2,581 Mil. HEG's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For HEG (NSE:HEG), the current Construction In Progress is ₹2,581 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HEG (NSE:HEG) Overvalued in 2026?

Based on GuruFocus' analysis, HEG stock appears to be undervalued. The current stock price of ₹526.65 is trading 0.7% below its estimated GF Value™ of ₹530.34. GuruFocus considers HEG to be Fairly Valued.

Key valuation signals for NSE:HEG:

  • Construction In Progress: ₹2,581 Mil
  • GF Value™: ₹530.34 vs. price of ₹526.65 (0.7% below fair value)
  • GF Score™: 87/100

No single metric tells the full story. See the NSE:HEG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HEG Business Description

Other Exchanges 509631:India
Address Bhilwara Towers, A-12, Sector 1, Noida, UP, IND, 201301
HEG Ltd is a graphite electrode manufacturer. The company operates in business segments that include Graphite Electrodes, which manufactures graphite electrodes; and Power Generation, which comprises of generation of power for captive consumption and sale. The company generates the majority of its revenue from the Graphite Electrodes segment. It also focuses on carbon specialties. The export sales generate maximum revenue for the company.
87GF Score

Get the complete analysis for NSE:HEG

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹526.65
Price
₹530.34
GF Value