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HEG Ltd

(HEG)

₹5604.2%

as on 04:01PM, 06 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

HEG Ltd Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for HEG Ltd. An average target of ₹504.5

Source: S&P Global Market Intelligence

HEG Ltd Share analysis

HEG Ltd price forecast by 2 analysts

Downside of-9.91%

High

₹525

Target

₹504.50

Low

₹484

HEG Ltd target price ₹504.5, a slight downside of -9.91% compared to current price of ₹560. According to 2 analysts rating.

Source: S&P Global Market Intelligence

HEG Ltd Performance

  • Day's Low

    Day's High

    ₹551.8
    ₹579.95
  • 52 Week's Low

    52 Week's High

    ₹321
    ₹595
1 Month Return+ 25.66 %
3 Month Return+ 39.11 %
1 Year Return+ 61.89 %
Previous Close₹584.55
Open₹579.95
Volume51.49L
Upper Circuit-
Lower Circuit-
Market Cap₹11,280.50Cr

HEG Ltd Key Statistics

P/E Ratio59.2
PEG Ratio-4.44
Market Cap₹11,280.50 Cr
P/B Ratio1.72
EPS16.15
Dividend Yield1.22
SectorCapital Goods-Non Electrical Equipment
ROE5.63

HEG Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹11,280.50 Cr33.73%0.57₹311 Cr₹2,394 Cr
BUY₹19,929.53 Cr55.21%0.50₹651 Cr₹5,014 Cr
BUY₹42,559.13 Cr169.45%0.53₹580 Cr₹8,104 Cr
NA₹6,685.73 Cr233.86%0.65-₹51 Cr₹1,369 Cr
HOLD₹17,060.01 Cr28.86%0.54₹473 Cr₹4,317 Cr

About HEG Ltd

HEG Limited, based in Madhya Pradesh, India, is a leading manufacturer and exporter of graphite electrodes to more than 30 countries and operates the world's largest single-site integrated graphite plant. The company’s product line includes two grades of graphite electrodes; High Power and Ultra High Power, which are tailored to meet customer requirements. The company is backed by respected steel manufactures, such as ArcelorMittal POSCO, Thyssenkrupp US Steel, Nucor and Usinor. HEG has a total rated capacity of 76.5 MW for power generation and the surplus is sold in the open market.

HEG was incorporated in 1972 and it started as an importer. In the early 90s, the company invested in a 100% export oriented cotton mill. During 1997, they expanded the graphite division to 24,000 tons and commissioned a 13.5 MW hydroelectric plant. This was the first hydroelectric project of its kind in the state of Madhya Pradesh.

In 2007, HEG sold its steel business to Jai Balaji Industries. At the end of 2015, the company took major initiatives for qualitative improvements and cost cutting measures. Thanks to their efforts, their FY 2018/19 was a record breaking year; they registered their highest net profit of Rs 1081.34 crore. Additionally, they decreased their debt and invested their cash surpluses in avenues that sustain growth. The Board of Directors also made an investment to buy 3,235,1004 shares in Bhilwara Energy Ltd. in April 2019, increasing their stake to 49%.

Share Price: ₹560.00 per share as on 06 Dec, 2024 04:01 PM
Market Capitalisation: ₹11,280.50Cr as of today
Revenue: ₹567.60Cr as on September 2024 (Q3 24)
Net Profit: ₹82.28Cr as on September 2024 (Q3 24)
Listing date: 30 Nov, 1994
Chairperson Name: L N Jhunjhunwala
OrganisationHEG Ltd
HeadquartersNoida
IndustryCapital Goods-Non Electrical Equipment
E-voting on sharesClick here to vote

Key events for HEG Ltd

  • HEG Ltd Shows Strong Technical Momentum - 07 Dec, 2024

    HEG was among the top gainers in the Nifty 500, supported by positive news. The Nifty PSU Bank index shows a strong bullish trend, with an upside target of 7900 in the medium term and immediate support at 6950-6900.
  • HEG Shares Decline After Profit Booking - 06 Dec, 2024

    HEG Ltd shares dropped 4% as investors booked profits following a significant 40% increase in value over the past week, driven by export news from China.
  • HEG Shares Surge on Block Deal and Optimism - 05 Dec, 2024

    HEG shares rose significantly following a Rs 172 crore block deal, hitting a 52-week high. Optimism for Indian graphite manufacturers increased due to China's export restrictions, enhancing HEG's growth prospects.
  • HEG Shares Surge on China's Export Restrictions - 04 Dec, 2024

    HEG Ltd's stock surged over 13% as China announced export bans on key materials, enhancing prospects for Indian graphite producers. The stock has gained significantly, reaching its highest level in six years, driven by increased global demand and government incentives for electric battery components.
  • HEG Ltd Shares Surge Amid Capacity Expansion - 03 Dec, 2024

    HEG Ltd's shares surged over 15% on December 3, 2024, following significant trading volumes and the completion of its graphite electrode plant expansion, enhancing its market position.
  • HEG Q2 Results Show Profit Decline Amid Cost Management - 15 Nov, 2024

    HEG Limited reported a 14.27% decline in net profit to ₹82.28 crore for Q2 FY2024, with revenue down 7.58% to ₹567.6 crore. Despite challenges, operating income surged significantly. Analysts maintain a cautiously optimistic outlook with a consensus Strong Buy rating.
  • HEG Ltd Reports Decline in Revenue and Profit - 14 Nov, 2024

    HEG Ltd's revenue decreased by 7.6% year-on-year to ₹567.6 crore, while net profit fell 14.3% to ₹82.3 crore, indicating financial challenges.
  • HEG Reports Profit Dip and New CFO Appointment - 13 Nov, 2024

    HEG Ltd experienced a 14.3% YoY decline in net profit for Q2 FY25, with revenue also down. The company appointed Ravi Kant Tripathi as CFO. Shares fell over 3% ahead of results, indicating investor concern.

Insights on HEG Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 23.04 Cr → 82.28 Cr (in ₹), with an average increase of 72.0% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 9.87% to 10.15% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.05% to 6.92% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 592.3 Cr → 630.94 Cr (in ₹), with an average increase of 2.1% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, HEG stock has moved up by 27.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 55.78% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 25.07% to 24.48% in Sep 2024 quarter

HEG Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹614.17Cr (-)₹562.40Cr (↓8.43%)₹546.90Cr (↓2.76%)₹571.46Cr (↑4.49%)₹567.60Cr (↓0.68%)
Net Income₹95.98Cr (-)₹43.67Cr (↓54.50%)₹32.91Cr (↓24.64%)₹23.04Cr (↓29.99%)₹82.28Cr (↑257.12%)
Net Profit Margin15.63% (-)7.76% (↓50.35%)6.02% (↓22.42%)4.03% (↓33.06%)14.50% (↑259.80%)
Value in ₹ crore
Details2021202220232024
Total Assets₹4,158.56Cr (-)₹5,172.80Cr (↑24.39%)₹5,489.00Cr (↑6.11%)₹5,418.14Cr (↓1.29%)
Total Liabilities₹759.92Cr (-)₹1,396.08Cr (↑83.71%)₹1,411.77Cr (↑1.12%)₹1,273.05Cr (↓9.83%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹738.71Cr (-)₹715.79Cr (↓3.10%)-₹140.61Cr (↓119.64%)₹114.48Cr (↓181.42%)₹614.85Cr (↑437.08%)

Index Inclusions

Nifty MidSmallcap 400

₹20,529.00

0.46 (93.05%)

S&P BSE 400 MidSmallCap

₹12,535.10

0.41 (51.67%)

S&P BSE Indus.

₹15,779.96

0.53 (83.03%)

S&P BSE 250 SmallCap

₹7,335.59

0.47 (34.61%)

BSE 500

₹36,681.01

0.17 (61.77%)

Nifty Smallcap 250

₹18,328.95

0.54 (98.55%)

Nifty 500

₹23,312.10

0.15 (34.15%)

BSE Small-Cap

₹57,050.71

0.6 (342.93%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

HEG Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
55.78%
0.00
Foreign Institutions
6.92%
14.38
Mutual Funds
10.15%
2.84
Retail Investors
24.48%
-2.32
Others
2.66%
-17.60

HEG Ltd Key Indicators

Details20202021202220232024
Earning Per Share (₹)2.77-0.9322.3427.5916.15
Details20202021202220232024
Return On Equity %-0.53-0.5710.8911.65.63
Details20202021202220232024
Return On Assets %1.55-0.438.339.75.75
Details20202021202220232024
Book Value Per Share (₹)181.97181.11202.8221.83229.35

HEG Ltd Valuation

HEG Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-519.09x)

May 24, 2021

Today (59.20x)

December 6, 2024

Industry (67.15x)

December 6, 2024

Highest (374.15x)

August 4, 2021

LowHigh

HEG Ltd Earnings and Dividends

  • HEG Ltd Earnings Results

    HEG Ltd’s net profit fell -14.27% since last year same period to ₹82.28Cr in the Q2 2024-2025. On a quarterly growth basis, HEG Ltd has generated 257.12% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • HEG Ltd Dividends May,2024

    In the quarter ending March 2024, HEG Ltd has declared dividend of ₹22.50 - translating a dividend yield of 4.02%.

    Read More about Dividends

HEG Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

HEG Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on HEG Ltd

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HEG Ltd (HEG) share price today is ₹560

HEG Ltd is listed on NSE

HEG Ltd is listed on BSE

  • Today’s highest price of HEG Ltd is ₹579.95.
  • Today’s lowest price of HEG Ltd is ₹551.8.

PE Ratio of HEG Ltd is 59.2

PE ratio = HEG Ltd Market price per share / HEG Ltd Earnings per share

Today’s traded volume of HEG Ltd(HEG) is 51.49L.

Today’s market capitalisation of HEG Ltd(HEG) is ₹11280.5Cr.

HEG Ltd(HEGPrice
52 Week High
₹595
52 Week Low
₹321

HEG Ltd(HEG) share price is ₹560. It is down -5.88% from its 52 Week High price of ₹595

HEG Ltd(HEG) share price is ₹560. It is up 74.45% from its 52 Week Low price of ₹321

HEG Ltd(HEGReturns
1 Day Returns
-24.55%
1 Month Returns
25.66%
3 Month Returns
39.11%
1 Year Returns
61.89%