Hindusthan Engineering & Industries Ltd. (HEIL) Share Price Drops 10.3% (2026)
· 6 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Hindusthan Engineering and Industries Ltd. (HEIL) unlisted shares fell 10.3% to ₹875 per share as of 07 Oct 2026. Review full financial trends, shareholding, and 90-day price history.
Direct answer: The indicative unlisted share price of Hindusthan Engineering and Industries Ltd. (HEIL) declined 10.3% over the week ending 07 Oct 2026, dropping from ₹975.0 on 30 Sep 2026 to ₹875.0 per share. Tracking off-market transactions requires historical context provided by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
Between 09 Jul 2026 and 07 Oct 2026, HEIL's indicative unlisted share price reached a peak of ₹1,050.0 through 23 Sep 2026 before stepping down to ₹975.0 on 24 Sep 2026 and reaching a 90-day low of ₹875.0 on 07 Oct 2026.
Recent Indicative Price Movements in HEIL Unlisted Shares
Indicative trading levels for Hindusthan Engineering and Industries Ltd. (HEIL) on BuyUnlistedShares registered a 10.26% decline over the week ending 07 Oct 2026. On 30 Sep 2026, indicative off-market orders were pegged at ₹975.0 per share before adjusting to ₹875.0 per equity share as of 07 Oct 2026. Across the broader 90-day context from 09 Jul 2026, the indicative price held steady at ₹1,050.0 through 23 Sep 2026, underwent its first step-down to ₹975.0 on 24 Sep 2026, and remained flat until this week's repricing.
Because unlisted shares trade off-market via privately negotiated transactions, prices move in discrete steps rather than continuous exchange ticks. Buyer and seller expectations, liquidity needs, and broader sector trends all influence these indicative quotes. Investors tracking unlisted engineering and industrial names can also review coverage on other active issuers, such as our overview of Fino Paytech Limited Unlisted Share Price Drops 10.2% (2026) and the broader market commentary in Ekkaa Electronics IPO & Unlisted Shares Overview (2026).
Company Profile and Operating Segments
Incorporated in 1998 and headquartered in Kolkata, West Bengal (CIN: U93000WB1998PLC086303, ISIN: INE665C01026), Hindusthan Engineering and Industries Ltd. is a long-standing manufacturing enterprise belonging to the Hindusthan group. The company is led by Executive Chairman V. A. Mody and Chief Financial Officer P. K. Himatsingka, running operations across multiple Indian states including West Bengal, Gujarat, Rajasthan, Haryana, and Madhya Pradesh.
HEIL operates four key industrial product lines:
- Railway Capital Goods & Rolling Stock: Manufactures freight wagons, bogies, side frames, bolsters, couplers, draft gears, and cast manganese steel (CMS) crossings for Indian Railways, private wagon builders, and international buyers.
- Steel Foundry Division: Operates one of India's large private-sector steel foundries, certified to ISO standards for producing heavy engineering castings.
- Gas-Based Specialty Chemicals: Produces sodium cyanide and rubber-chemical intermediates for industrial processing.
- Jute & Packaging Division: Manufactures traditional jute products and packaging materials for commercial logistics.
Financial Performance and Balance Sheet Fundamentals
As per the company's annual financial filings, HEIL has demonstrated consistent top-line growth and expansion in net earnings over recent fiscal years. Revenue from operations expanded from ₹1,756.16 Cr in FY23 to ₹2,754.37 Cr in FY24 and further to ₹2,949.85 Cr in FY25. Profit after tax (PAT) rose from ₹70.03 Cr in FY23 to ₹207.28 Cr in FY24 and ₹218.34 Cr in FY25, translating to a reported earnings per share (EPS) of ₹148.46 for FY25.
Platform data tracked by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 shows that at the indicative price of ₹875.0 as of 07 Oct 2026, HEIL trades at a price-to-earnings (P/E) multiple of 7.08x based on FY25 EPS, and a price-to-book (P/B) ratio of 0.95x against its reported book value of ₹1,101.34 per share.
Capital Structure and Balance Sheet Indicators
HEIL's balance sheet reflects total share capital of ₹14.71 Cr, comprising 1,47,06,776 equity shares with a face value of ₹10 each. Reserves and surplus expanded from ₹1,384.09 Cr in FY24 to ₹1,594.84 Cr in FY25. The company maintains a conservative leverage profile with a debt-to-equity ratio of 0.3 as of FY25. Cash flow from operations (CFO) recovered strongly to ₹184.5 Cr in FY25 compared to -₹46.0 Cr in FY24, driving net cash generated to ₹222.7 Cr for the year.
Promoter shareholding in HEIL stands at 84.04%, with public shareholders holding the remaining 15.96% equity stake. Corporate developments include the company's 28th Annual General Meeting, which was scheduled to be held via VC/OAVM on 27 Sep 2025 per official notices.
Unlisted Market Dynamics and Risk Factors
When reviewing unlisted companies like HEIL, market participants evaluate specific risks associated with privately traded equities:
- Liquidity and Execution Risk: Off-market transactions lack exchange liquidity. Buying or selling shares depends on finding matching counterparties and may involve extended settlement timelines.
- Valuation and Indicative Pricing: Indicative prices published on desks represent recent off-market trades and buyer-seller quotations, not official exchange price discovery.
- Information Asymmetry: Financial results and corporate announcements are published annually or per statutory schedules rather than quarterly live reporting seen on listed exchanges.
- Cyclical Sector Exposure: HEIL's revenues depend significantly on Indian Railways capital expenditure, infrastructure build-outs, and heavy engineering demand cycles.
Investors seeking updates on upcoming mainboard and SME public issues can monitor the IPO calendar or filter unlisted equity profiles using the Unlisted shares screener.
To inquire about current indicative rates or off-market settlement processes for HEIL shares, contact BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 by visiting our enquiry desk.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹875 | 8 Oct 2026 |
| Lot size | 26 shares | 8 Oct 2026 |
| Minimum investment | ₹25,350 | 8 Oct 2026 |
| Market cap | ₹1,544 Cr | 8 Oct 2026 |
| Face value | ₹10 | 8 Oct 2026 |
| Book value | ₹1101.34 | 8 Oct 2026 |
| P/E | 7.08 | 8 Oct 2026 |
| ISIN | INE665C01026 | 8 Oct 2026 |
| Sector | Industrials | 8 Oct 2026 |
| Listing status | UNLISTED | 8 Oct 2026 |
Frequently Asked Questions
What caused HEIL's unlisted share price to drop 10.3% this week?
The 10.3% price move from ₹975.0 on 30 Sep 2026 to ₹875.0 on 07 Oct 2026 reflects recent off-market counterparty trades and updated order quotes. Because unlisted equity trades privately, price adjustments occur in discrete steps based on market supply and demand rather than continuous stock exchange trading.
What are the key financial ratios for HEIL at the current indicative price?
At the indicative price of ₹875.0 per share as of 07 Oct 2026, HEIL trades at a P/E ratio of 7.08x based on FY25 EPS of ₹148.46, and a P/B ratio of 0.95x based on a book value of ₹1,101.34 per share. Its debt-to-equity ratio stands at 0.3, with a return on equity (RoE) of 13.54%.
Is Hindusthan Engineering and Industries Ltd. listed on NSE or BSE?
No, HEIL is an unlisted public limited company (ISIN: INE665C01026). Its equity shares trade privately off-market and are transferred off-market into buyers' demat accounts.
What does HEIL manufacture?
HEIL manufactures railway freight wagons, rolling-stock components (bogies, couplers, draft gears, CMS crossings), steel castings via its industrial foundry, gas-based specialty chemicals, and packaging materials/jute goods from multi-state facilities across India.
Should I buy or sell HEIL unlisted shares after this price move?
We do not make investment recommendations or offer trading advice. We provide institutional-grade data, financial facts, and indicative pricing context. Investors must evaluate risks, liquidity, and financial statements independently before making transaction decisions.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
