Hindustan Engineering Unlisted Shares: Price, Target & Investment Guide
19 August 2025 · Sachin Gadekar
A complete guide to Hindustan Engineering unlisted shares—current price, valuation, future prospects, and investment pathway via Ultra.

Introduction
At Ultra, we specialize in providing retail and HNI investors with seamless access to unlisted and pre-IPO investment opportunities. Hindustan Engineering & Industries Limited (HEIL) — a diversified engineering powerhouse—has become a key interest in the unlisted market. This guide unpacks its current unlisted share price, target outlook, plus the compelling reasons to consider investing early via Ultra.
Key Details: Hindustan Engineering Unlisted Shares
| Particulars | Details |
|---|---|
| Name | Hindustan Engineering & Industries Limited Unlisted Shares |
| Sector | Engineering / Manufacturing |
| Security Type | Pre-IPO / Unlisted Equity Shares |
| Face Value | ₹ 10 |
| ISIN Code | INE532B01016 |
| Available in Depository | CDSL & NSDL |
| Hindustan Engineering Unlisted Share Price | ₹ 175 per equity share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹ 17,500 |
| All Time High | ₹ 200 |
| All Time Low | ₹ 120 |
| Highlights | Diversified presence in engineering, foundry, and infrastructure equipment. |
| PAN | To be updated |
Why Invest in Hindustan Engineering Unlisted Shares?
Strong Fundamentals: With a P/E of ~9.8x and P/B of ~1.44x, the valuations are attractive for a company with ₹2,022 crore market cap backed by diverse operations.
Sector Advantages: As a leader in manufacturing railway wagons, rolling stock, jute goods, and chemicals, HEIL benefits from infrastructure growth and export opportunities.
Early Entry Potential: Unlisted investors may gain from value appreciation if HEIL goes public or attracts higher unlisted valuations.
Institutional Strength: A significant promoter stake and clear business model offer stability and growth orientation.
Hindustan Engineering Share Price Target
Short-Term (6–12 months): ₹1,400–₹1,500 range, reflecting steady demand in the grey market.
Medium-Term (2–3 years): Assuming improved performance and investor sentiment — ₹1,600–₹1,800.
Long-Term (Post-IPO / 5+ years): If the company lists at a premium, prices could rally beyond ₹2,000, depending on financial growth and market conditions.
Investing Through Ultra: Easy and Transparent
At Ultra, we simplify investing in unlisted and pre-IPO shares like Hindustan Engineering:
Register and complete your KYC.
Browse the ‘Unlisted/Pre-IPO’ section for HEIL.
Place your order in multiples of 100 shares (min ₹137,500).
Shares get transferred to your CDSL/NSDL Demat post-transaction.
Monitor investments via your Ultra dashboard and manage exit strategies easily.
FAQs
Q1: What is the current unlisted share price of Hindustan Engineering?
Approximately ₹1,375 per share, with a lot size of 100 and ₹1,37,500 minimum investment. Unlisted ZonePlanify
Q2: What is the share price target for the company?
Short-term: ₹1,400–₹1,500 | Medium-term: ₹1,600–₹1,800 | Long-term (Post-IPO): Beyond ₹2,000.
Q3: What key financial ratios support the valuation?
P/E ~9.8x, P/B ~1.44x, with market cap ~₹2,022 crore. Unlisted ZonePlanify
Q4: What business verticals is HEIL involved in?
Rolling stock, railway wagons, jute products, gas-based chemicals, and industrial components. Wealth WisdomAltius Investech
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