GEE Ltd · 504028
—
—
—
—
—
—
₹100 Cr
₹95 Cr
₹97 Cr
₹85 Cr
₹92 Cr
₹82 Cr
₹83 Cr
₹81 Cr
₹88 Cr
₹79 Cr
₹85 Cr
₹92 Cr
₹112 Cr
—
20-quarter listed-company comparison
Electrodes - Welding Equipment Stocks in India
Electrodes - Welding Equipment: Graphite India Ltd owns the largest revenue base; HEG Ltd has the fastest current growth.
01 · the index people search for
Nifty Electrodes - Welding Equipment Index — Constituents & Performance
The Electrodes - Welding Equipment companies below are the listed Indian Electrodes - Welding Equipment universe this page tracks — the same constituent set people search for as the Nifty Electrodes - Welding Equipment index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
02 · the sector itself · before any single company
How has Electrodes - Welding Equipment moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 70% ahead of NIFTY 500. Earnings across its companies fell 18% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.
LEADER · ahead 17w✓Price up, without the fundamentals confirming2 of 3 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑17w · 3/3 >200d (+2) · 2/3 lead (+1) · EPS 2/3↑
Electrodes - Welding Equipment, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Electrodes - Welding Equipment, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Electrodes - Welding Equipment, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is Electrodes - Welding Equipment outperforming NIFTY 500?
Electrodes - Welding Equipment has outperformed NIFTY 500 by 37.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 13.9%. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. HEG Ltd is the strongest against the sector itself at -5.8%. Readings are as of 2026-07-19.
+13.9%Sector vs NIFTY 500 · 13 weeks
+37.6%Sector vs NIFTY 500 · 52 weeks
3/3Stocks leading NIFTY 500
0/2Stocks leading sector
Sector metric: 72.1 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Electrodes - Welding Equipment has outperformed NIFTY 500 by 37.6% over 52 weeks and 13.9% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself. Graphite India Ltd leads with revenue of ₹2,852 crore, based on 3 of 3 comparable companies through Mar 2026.
Companies
3
complete canonical membership
Combined market value
₹26.1K Cr
Graphite India Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
3/3
positive Mansfield relative strength
Comparing 3 of 3
04 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
HEG Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 90% evidence confidence.
Graphite India Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1HEG LtdHEG | 57.0/100Mixed-positive evidence90% evidence | TURNING | 28.9/35 Revenue 20.2% · PAT 82.7% · OPM change 5 pp 100% evidence | 7.5/25 ROCE 8.3% · OPM 22% 100% evidence | 13.5/20 P/E 35.8× · PEG 1 50% evidence | 7.1/20 RS sector -5.8% · RS bench 18.1% · 1Y 27.9%3 of 12 weeks ahead 100% evidence |
| Exact sum: 28.9 + 7.5 + 13.5 + 7.1 = 57 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Graphite India LtdGRAPHITE | 32.1/100Adverse evidence86% evidence | ASLEEP | 9.7/35 Revenue 11.4% · PAT -62.7% · OPM change -23 pp 88% evidence | 2.7/25 ROCE 4.6% · OPM -17% 100% evidence | 15.0/20 P/E 70.4× · PEG 0.6 50% evidence | 4.7/20 RS sector -16.4% · RS bench 4.4% · 1Y 21%2 of 12 weeks ahead 100% evidence |
| Exact sum: 9.7 + 2.7 + 15 + 4.7 = 32.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 3GEE Ltd504028 | 56.7/100Thin evidence · provisional46% evidence | 24.8/35 Revenue 10.6% · PAT 100% · OPM change 28.3 pp 62% evidence | 9.4/25 ROCE 11.1% · OPM 9.9% 76% evidence | 10.0/20 P/E 39.6× · PEG — 0% evidence | 12.5/20 RS sector — · RS bench 40.8% · 1Y — 25% evidence | |
| Exact sum: 24.8 + 9.4 + 10 + 12.5 = 56.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
05 · what price has already done
Market action
HEG Ltd has the strongest one-year price move in Electrodes - Welding Equipment at +27.9%. GEE Ltd leads on Mansfield relative strength against NIFTY at +40.8%. 3 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Electrodes - Welding Equipment itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
Revenue Scale & Growth Durability
Graphite India Ltd has the highest Revenue among the 3 Electrodes - Welding Equipment companies compared here, at ₹2,852 crore. HEG Ltd is next at ₹2,639 crore. HEG Ltd has the highest Revenue growth at 20.2%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Graphite India Ltd is the scale leader at ₹2,852 crore, 8.1% ahead of HEG Ltd. HEG Ltd's growth is 20.2% from a ₹2,639 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderGraphite India Ltd · ₹2,852 crore
Gap8.1% versus #2 · HEG Ltd
Persistence3/8 recent comparable periods
Coverage3/3 companies · 52 observations
Investor read: Graphite India Ltd is the scale benchmark; HEG Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Graphite India Ltd's growth falls below HEG Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenue · company comparison
3/3 level · 3/3 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Graphite India Ltd GRAPHITE | ₹816 Cr | 23% | Mar 2026 |
| HEG Ltd HEG | ₹681 Cr | 11% | Jun 2026 |
| GEE Ltd 504028 | ₹112 Cr | 28% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Graphite India Ltd · GRAPHITE
₹692 Cr
₹880 Cr
₹845 Cr
₹866 Cr
₹899 Cr
₹701 Cr
₹815 Cr
₹747 Cr
₹793 Cr
₹690 Cr
₹720 Cr
₹728 Cr
₹643 Cr
₹523 Cr
₹666 Cr
₹665 Cr
₹729 Cr
₹642 Cr
₹816 Cr
—
HEG Ltd · HEG
₹518 Cr
₹597 Cr
₹673 Cr
₹722 Cr
₹598 Cr
₹530 Cr
₹617 Cr
₹671 Cr
₹614 Cr
₹562 Cr
₹547 Cr
₹571 Cr
₹568 Cr
₹478 Cr
₹537 Cr
₹613 Cr
₹699 Cr
₹656 Cr
₹603 Cr
₹681 Cr
Revenue growth · reported quarter history
GEE Ltd · 504028
—
—
—
—
—
—
—
—
—
—
-7.7%
-14%
-15%
-4.3%
-4.3%
-3.5%
3.2%
14%
28%
—
Graphite India Ltd · GRAPHITE
—
—
—
42%
30%
-20%
-3.6%
-14%
-12%
-1.6%
-12%
-2.5%
-19%
-24%
-7.5%
-8.7%
13%
23%
23%
—
HEG Ltd · HEG
—
—
—
74%
15%
-11%
-8.3%
-7.1%
2.7%
6.0%
-11%
-15%
-7.5%
-15%
-1.8%
7.4%
23%
37%
12%
11%
07 · compare level, then change
Operating Economics & Margin Trend
HEG Ltd has the highest OPM among the 3 Electrodes - Welding Equipment companies compared here, at 22%. GEE Ltd is next at 9.9%. GEE Ltd has the highest Margin change at +28.3 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: HEG Ltd leads opm at 22%; GEE Ltd leads margin change at +28.3 percentage points.
LeaderHEG Ltd · 22%
Gap121.8% versus #2 · GEE Ltd
Persistence3/8 recent comparable periods
Coverage3/3 companies · 58 observations
Investor read: HEG Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
Margin changefastest expanders
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| HEG Ltd HEG | 22% | +5.0 pp | Jun 2026 |
| GEE Ltd 504028 | 9.9% | +28.3 pp | Mar 2026 |
| Graphite India Ltd GRAPHITE | -17% | −23.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
GEE Ltd · 504028
8.1%
7.3%
9.8%
7.5%
8.4%
6.7%
1.1%
7.0%
10%
10%
4.7%
7.9%
6.7%
6.1%
-18%
5.7%
11%
9.5%
9.9%
—
Graphite India Ltd · GRAPHITE
15%
15%
10%
3.2%
12%
10%
8.0%
-12%
-3.8%
-1.9%
-1.4%
16%
17%
-1.5%
6.0%
6.0%
6.0%
7.0%
-17%
—
HEG Ltd · HEG
27%
26%
23%
25%
30%
25%
20%
23%
17%
15%
8.0%
7.0%
17%
14%
-11%
17%
17%
22%
-25%
22%
Margin change · reported quarter history
GEE Ltd · 504028
−1.4 pp
−2.0 pp
−1.1 pp
−2.6 pp
+0.3 pp
−0.6 pp
−8.7 pp
−0.6 pp
+1.6 pp
+3.8 pp
+3.6 pp
+0.9 pp
−3.3 pp
−4.4 pp
−23.0 pp
−2.2 pp
+3.8 pp
+3.4 pp
+28.3 pp
—
Graphite India Ltd · GRAPHITE
+31.7 pp
+30.7 pp
−3.1 pp
−18.7 pp
−2.8 pp
−5.2 pp
−2.2 pp
−15.2 pp
−16.2 pp
−11.9 pp
−9.4 pp
+28.0 pp
+20.8 pp
+0.4 pp
+7.4 pp
−10.0 pp
−11.0 pp
+8.5 pp
−23.0 pp
—
HEG Ltd · HEG
+40.4 pp
+26.5 pp
+24.5 pp
+8.0 pp
+2.5 pp
−1.1 pp
−3.3 pp
−2.5 pp
−12.9 pp
−10.0 pp
−12.0 pp
−16.0 pp
0.0 pp
−1.0 pp
−19.0 pp
+10.0 pp
0.0 pp
+8.0 pp
−14.0 pp
+5.0 pp
08 · compare level, then change
Profit Scale & Acceleration
HEG Ltd has the highest Net profit among the 3 Electrodes - Welding Equipment companies compared here, at ₹358 crore. Graphite India Ltd is next at ₹171 crore. The same company also holds the highest Profit growth, at 82.7%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: HEG Ltd leads with ₹358 crore of TTM profit, 109.4% above Graphite India Ltd. HEG Ltd shows 82.7% growth from a ₹358 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderHEG Ltd · ₹358 crore
Gap109.4% versus #2 · Graphite India Ltd
Persistence5/8 recent comparable periods
Coverage3/3 companies · 52 observations
Investor read: HEG Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profit · company comparison
3/3 level · 2/3 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| HEG Ltd HEG | ₹122 Cr | 16% | Jun 2026 |
| GEE Ltd 504028 | ₹4 Cr | 231% | Mar 2026 |
| Graphite India Ltd GRAPHITE | ₹-105 Cr | -314% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
GEE Ltd · 504028
—
—
—
—
—
—
₹-2 Cr
₹3 Cr
₹5 Cr
₹4 Cr
₹1 Cr
₹3 Cr
₹2 Cr
₹1 Cr
₹-15 Cr
₹1 Cr
₹4 Cr
₹4 Cr
₹4 Cr
—
Graphite India Ltd · GRAPHITE
₹128 Cr
₹132 Cr
₹95 Cr
₹24 Cr
₹92 Cr
₹53 Cr
₹29 Cr
₹-30 Cr
₹802 Cr
₹17 Cr
₹16 Cr
₹236 Cr
₹194 Cr
₹-21 Cr
₹49 Cr
₹133 Cr
₹76 Cr
₹67 Cr
₹-105 Cr
—
HEG Ltd · HEG
₹132 Cr
₹113 Cr
₹129 Cr
₹159 Cr
₹169 Cr
₹105 Cr
₹100 Cr
₹139 Cr
₹96 Cr
₹44 Cr
₹33 Cr
₹23 Cr
₹82 Cr
₹83 Cr
₹-74 Cr
₹105 Cr
₹143 Cr
₹207 Cr
₹-114 Cr
₹122 Cr
Profit growth · reported quarter history
GEE Ltd · 504028
—
—
—
—
—
—
—
—
—
—
—
-11%
-65%
-65%
-1,895%
-63%
120%
231%
—
—
Graphite India Ltd · GRAPHITE
—
—
—
-84%
-28%
-60%
-69%
-225%
772%
-68%
-45%
—
-76%
-224%
206%
-44%
-61%
—
-314%
—
HEG Ltd · HEG
—
—
—
179%
28%
-7.1%
-22%
-13%
-43%
-58%
-67%
-83%
-15%
89%
-324%
357%
74%
149%
—
16%
09 · compare level, then change
Return On Capital Employed
GEE Ltd has the highest ROCE among the 3 Electrodes - Welding Equipment companies compared here, at 11.1%. HEG Ltd is next at 8.3%. The same company also holds the highest ROCE change, at +12 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: GEE Ltd leads ROCE at 11.1%, 2.8 percentage points above HEG Ltd. GEE Ltd has the strongest latest improvement at +12 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderGEE Ltd · 11.1%
Gap32.9% versus #2 · HEG Ltd
PersistenceNot enough history
Coverage3/3 companies · 30 observations
Investor read: GEE Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCE changefastest improvers
Return on capital · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| HEG Ltd HEG | 4.1% | −0.3 pp | Jun 2026 |
| Graphite India Ltd GRAPHITE | 1.7% | −1.0 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Graphite India Ltd · GRAPHITE
6.5%
—
8.3%
—
7.5%
—
5.8%
—
-0.7%
20%
-3.9%
25%
1.9%
9.7%
2.7%
8.2%
0.3%
7.4%
1.7%
—
HEG Ltd · HEG
3.7%
—
11%
—
14%
—
12%
—
8.4%
12%
4.6%
6.4%
1.6%
7.3%
4.4%
6.6%
3.1%
11%
4.1%
—
ROCE change · reported quarter history
Graphite India Ltd · GRAPHITE
—
—
—
—
+1.0 pp
—
−2.5 pp
—
−8.2 pp
—
−9.7 pp
—
+2.6 pp
−9.9 pp
+6.6 pp
−16.7 pp
−1.6 pp
−2.3 pp
−1.0 pp
—
HEG Ltd · HEG
—
—
—
—
+10.5 pp
—
+0.6 pp
—
−5.8 pp
—
−7.2 pp
—
−6.8 pp
−4.5 pp
−0.2 pp
+0.2 pp
+1.5 pp
+3.4 pp
−0.3 pp
—
10 · compare level, then change
Valuation Against Growth & Quality
Graphite India Ltd has the lowest PEG among the 3 Electrodes - Welding Equipment companies compared here, at 0.6×. HEG Ltd is next at 1×. HEG Ltd has the lowest P/E at 35.8×, so level and change sit with different companies. 2 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Graphite India Ltd has the lowest comparable PEG at 0.6×, 40% below HEG Ltd. Only 2 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderGraphite India Ltd · 0.6×
Gap40% versus #2 · HEG Ltd
Persistence0/8 recent comparable periods
Coverage2/3 companies · 4 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
Valuation · company comparison
2/3 level · 3/3 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| HEG Ltd HEG | 1.0 | 30.3 | Jun 2026 |
| Graphite India Ltd GRAPHITE | 0.6 | 36.0 | Mar 2026 |
| GEE Ltd 504028 | — | 62.0 | Mar 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Graphite India Ltd · GRAPHITE
—
—
0.5
—
—
—
—
—
—
—
—
—
—
—
—
—
0.6
—
—
—
HEG Ltd · HEG
—
—
—
—
—
—
—
0.5
—
—
—
—
—
—
—
—
—
1.0
—
—
P/E · reported quarter history
GEE Ltd · 504028
13.3
12.3
12.5
10.2
12.4
10.6
10.2
10.7
13.7
31.1
35.4
23.7
37.7
39.8
45.3
71.6
62.0
—
—
—
Graphite India Ltd · GRAPHITE
59.9
27.2
21.6
14.8
18.4
19.7
17.3
33.9
54.3
119.6
237.6
298.6
37.9
23.5
21.8
24.1
30.1
47.2
36.0
—
HEG Ltd · HEG
50.6
40.3
18.5
8.8
7.7
7.0
6.3
11.8
13.0
16.8
18.8
26.8
48.4
54.7
42.1
82.1
49.7
41.9
28.9
30.3
11 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Electrodes - Welding Equipment comparison names 5 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 3 Electrodes - Welding Equipment companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing2 cross-checked · 1 unverified · 0 withheld, of 3 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
13 · questions investors ask, short speakable answers
Electrodes - Welding Equipment company comparison FAQs
These 23 answers restate the Electrodes - Welding Equipment comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Electrodes - Welding Equipment sector outperforming NIFTY 500?
Electrodes - Welding Equipment has outperformed NIFTY 500 by 37.6% over 52 weeks and 13.9% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself.
Which Electrodes - Welding Equipment company is largest by revenue?
Graphite India Ltd leads with revenue of ₹2,852 crore, based on 3 of 3 comparable companies through Mar 2026.
Which Electrodes - Welding Equipment company is growing fastest?
HEG Ltd has the fastest current revenue growth at 20.2%, across 3 of 3 comparable companies.
Which Electrodes - Welding Equipment company has the strongest 4-Factor Sector Score?
HEG Ltd ranks first at 57/100 with 90% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Electrodes - Welding Equipment company has the lowest comparable PEG?
Graphite India Ltd has the lowest comparable PEG at 0.6, among 2 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Electrodes - Welding Equipment comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
What is the Nifty Electrodes - Welding Equipment index?
The Nifty Electrodes - Welding Equipment index tracks India's listed Electrodes - Welding Equipment companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Electrodes - Welding Equipment sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Electrodes - Welding Equipment stocks in India?
Ranked by this page's four-factor score, HEG Ltd places first among 3 listed Electrodes - Welding Equipment companies, followed by Graphite India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Electrodes - Welding Equipment stocks are listed in India?
This comparison covers 3 listed Electrodes - Welding Equipment companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Electrodes - Welding Equipment company is the biggest?
Graphite India Ltd is the largest, with trailing-twelve-month revenue of ₹2,852 crore, ahead of HEG Ltd at ₹2,639 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.
Which Electrodes - Welding Equipment company has the best profit margins?
HEG Ltd has the highest operating margin at 22%, from 3 of 3 comparable companies. GEE Ltd shows the biggest recent improvement, at +28.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Electrodes - Welding Equipment company makes the most profit?
HEG Ltd earns the most, at ₹358 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. HEG Ltd has the fastest profit growth at 82.7%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Electrodes - Welding Equipment company earns the highest return on capital?
GEE Ltd leads on return on capital employed at 11.1%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Electrodes - Welding Equipment stock is the cheapest?
On PEG — where a LOWER number is cheaper — Graphite India Ltd screens cheapest at 0.6×. Only 2 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Electrodes - Welding Equipment sector beating the market?
Electrodes - Welding Equipment has outperformed NIFTY 500 by 37.6% over the last 52 weeks and 13.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Electrodes - Welding Equipment stock has the strongest price momentum?
GEE Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Electrodes - Welding Equipment company scores highest for research priority?
HEG Ltd scores 57 out of 100 with 90% evidence confidence, from 28.9 points on growth and earnings, 7.5 on capital efficiency, 13.5 on valuation and 7.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Electrodes - Welding Equipment companies does this comparison cover, and over what period?
It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Electrodes - Welding Equipment sector?
The 3 Electrodes - Welding Equipment companies on this page carry ₹26,113 crore of combined market value. Graphite India Ltd is the largest at ₹12,824 crore, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
How is the Electrodes - Welding Equipment sector performing?
3 of the 3 covered Electrodes - Welding Equipment companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 37.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.