HEG

Which are the latest news on HEG?

Why is HEG Ltd falling/rising?

As of 07-Aug, HEG Ltd's stock price is 673.85, down 1.68% over the last two days, with a total decline of 2.39%. Despite recent short-term declines and underperformance against its sector, the stock has generated a 29.65% return over the past year, significantly outperforming the BSE500 index.

As of 07-Aug, HEG Ltd's stock price is currently at 673.85, reflecting a decrease of 11.5 points or 1.68%. The stock has been experiencing a consecutive fall over the last two days, resulting in a total decline of 2.39% during this period. Additionally, the stock underperformed its sector by 1.24% today, indicating weaker performance relative to its peers.<BR><BR>Despite these short-term declines, HEG Ltd has shown strong performance over longer periods. Over the past year, the stock has generated returns of 29.65%, significantly outperforming the BSE500 index, which has declined by 2.63% in the same timeframe. Furthermore, the stock has demonstrated impressive growth over the last three years, with an increase of 89.82%, compared to the Sensex's 19.02% rise.<BR><BR>However, there are some negative indicators contributing to the current decline. The stock's delivery volume has fallen by 40.79% compared to the five-day average, suggesting a decrease in investor participation. Additionally, the stock is currently 4.16% away from its 52-week high, which may indicate some resistance to upward movement.<BR><BR>In summary, while HEG Ltd has a strong long-term performance record, recent short-term declines, underperformance against its sector, and reduced investor participation are contributing to the current fall in its stock price.

Are HEG Ltd latest results good or bad?

HEG Ltd's latest results show a recovery with a net profit of ₹122.34 crores and an 11.10% increase in net sales, but concerns about margin volatility and a low return on equity suggest caution for investors regarding the sustainability of this performance.

HEG Ltd's latest results present a mixed picture. On one hand, the company reported a consolidated net profit of ₹122.34 crores for Q1 FY27, which is a significant recovery from a loss in the previous quarter and represents a 16.71% year-on-year increase. Additionally, net sales grew by 11.10% year-on-year to ₹680.79 crores, indicating decent top-line momentum.<BR><BR>However, there are notable concerns. While the operating margin improved to 22.12%, recovering from a deeply negative margin of -24.58% just a quarter earlier, this extreme volatility raises questions about the sustainability of such margins. Furthermore, the company's return on equity (ROE) stands at only 7.07%, which is below industry standards, highlighting issues with capital efficiency.<BR><BR>The dependency on other income, which contributed ₹43.56 crores to the profit, also casts doubt on the quality of earnings. Overall, while there are positive signs of recovery, the underlying volatility and structural challenges in the business suggest caution for investors. The results can be seen as a recovery, but the sustainability of this performance remains uncertain.

Should I buy, sell or hold HEG Ltd?

How big is HEG?

As of 10th June, HEG Ltd has a market capitalization of 10,102.00 Cr, with recent net sales of 2,575.03 Cr and a net profit of 341.36 Cr over the last four quarters. Shareholder's funds are 4,453.77 Cr, and total assets are 5,648.16 Cr as of March 2025.

As of 10th June, <BR><BR>Market Cap: HEG Ltd has a market capitalization of 10,102.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 2,575.03 Cr, while the sum of Net Profit for the same period is 341.36 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds stand at 4,453.77 Cr, and Total Assets are valued at 5,648.16 Cr.

Who are in the management team of HEG?

The management team of HEG includes key individuals such as Ravi Jhunjhunwala (Chairman and Managing Director), Shekhar Agarwal, Kamal Gupta, and several independent directors, all contributing to the company's strategic direction and governance.

The management team of HEG includes the following key individuals:<BR><BR>1. **Ravi Jhunjhunwala** - Chairman and Managing Director & CEO<BR>2. **Shekhar Agarwal** - Non-Executive & Non-Independent Director<BR>3. **Kamal Gupta** - Independent Director<BR>4. **Riju Jhunjhunwala** - Vice Chairman / Non-Independent Director<BR>5. **Satish Chand Mehta** - Independent Director<BR>6. **Vivek Chaudhary** - Company Secretary & Compliance Officer<BR>7. **Vinita Singhania** - Non-Executive & Non-Independent Director<BR>8. **Ramni Nirula** - Independent Director<BR>9. **Jayant Davar** - Independent Director<BR>10. **Manish Gulati** - Executive Director<BR>11. **L N Jhunjhunwala** - Chairman Emeritus<BR>12. **Davinder Chugh** - Independent Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and governance.

Who are the peers of the HEG?

HEG's peers include Graphite India, Vesuvius India, RHI Magnesita, Raghav Products, IFGL Refractories, Foseco Crucible, Orient Ceratech, DE Nora India, and Panasonic Carbon. Raghav Products has the highest 1-year return at 65.34%, while HEG's return is -1.13%.

Peers: The peers of HEG are Graphite India, Vesuvius India, RHI Magnesita, Raghav Product., IFGL Refractori., Foseco Crucible, Orient Ceratech, DE Nora India, and Panasonic Carbon.<BR><BR>Quality Snapshot: Excellent management risk is observed at Vesuvius India, RHI Magnesita, Raghav Product., IFGL Refractori., Foseco Crucible, DE Nora India, and Panasonic Carbon, while Average management risk is found at Graphite India, HEG, RHI Magnesita, Raghav Product., IFGL Refractori., Foseco Crucible, and Royal Arc Ele. Good growth is noted at Vesuvius India and Raghav Product., while Average growth is seen at RHI Magnesita and Foseco Crucible, and Below Average growth is present at Graphite India, HEG, IFGL Refractori., and DE Nora India. Excellent capital structure is shared by Graphite India, HEG, Vesuvius India, RHI Magnesita, Raghav Product., IFGL Refractori., Foseco Crucible, and DE Nora India, while Good capital structure is found at Orient Ceratech.<BR><BR>Return Snapshot: Raghav Product. has the highest 1-year return at 65.34%, while Vesuvius India has the lowest at -26.28%. HEG's own 1-year return is -1.13%, which is better than Vesuvius India but worse than Raghav Product. Additionally, the six-month returns for RHI Magnesita, Foseco Crucible, and IFGL Refractori. are negative.

What does HEG do?

HEG Ltd is a leading Indian manufacturer and exporter of graphite electrodes, with a market capitalization of INR 10,102 Cr. As of March 2026, it reported net sales of 603 Cr and a net loss of 114 Cr.

Overview:<BR>HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India, operating in the Electrodes & Refractories industry within the Small Cap market-cap bracket.<BR><BR>History:<BR>HEG Ltd was incorporated in October 1972. The latest quarterly results reported are for March 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 603 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -114 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 10,102 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 30.00 <BR>Industry P/E: 41 <BR>Dividend Yield: 0.34% <BR>Debt Equity: 0.03 <BR>Return on Equity: 7.07% <BR>Price to Book: 2.14 <BR><BR>Contact Details:<BR>Address: Mandideep, Near Bhopal Raisen Madhya Pradesh : 462046 <BR>Tel: 91-07480-233524-27 <BR>Email: heg.investor@lnjbhilwara.com <BR>Website: http://www.hegltd.com

Is HEG technically bullish or bearish?

As of December 1, 2025, the trend is mildly bullish due to daily moving averages and weekly Bollinger Bands, but caution is advised as the weekly MACD is mildly bearish and the monthly KST shows mixed signals.

As of 1 December 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating mild bullishness and the weekly Bollinger Bands also showing mild bullishness. However, the weekly MACD is mildly bearish, which tempers the overall bullish sentiment. The monthly MACD remains bullish, providing some support to the bullish outlook. The KST shows a bullish signal on the weekly but is mildly bearish on the monthly, indicating mixed signals across time frames. Overall, while there is some bullish momentum, the presence of bearish indicators suggests caution.

How has been the historical performance of HEG?

HEG's historical performance has shown a significant decline in key financial metrics, with net sales dropping from 2,467.24 Cr in Mar'23 to 2,159.69 Cr in Mar'25, and profit after tax decreasing from 454.25 Cr to 97.58 Cr in the same period, indicating a downward trend in profitability and cash flow.

Answer:<BR>The historical performance of HEG shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>HEG's net sales have seen a decline from 2,467.24 Cr in Mar'23 to 2,159.69 Cr in Mar'25, with a notable peak of 6,592.83 Cr in Mar'19. The total operating income followed a similar trend, decreasing from 2,467.24 Cr in Mar'23 to 2,159.69 Cr in Mar'25. Operating profit (PBDIT) also decreased from 727.53 Cr in Mar'23 to 382.68 Cr in Mar'25, reflecting a declining operating profit margin, which fell from 25.06% in Mar'23 to 11.81% in Mar'25. Profit before tax and profit after tax have both decreased significantly, with profit before tax dropping from 599.22 Cr in Mar'23 to 142.89 Cr in Mar'25, and profit after tax declining from 454.25 Cr in Mar'23 to 97.58 Cr in Mar'25. The earnings per share (EPS) also fell from 137.92 in Mar'23 to 5.96 in Mar'25. On the balance sheet, total assets decreased slightly from 5,701.37 Cr in Mar'24 to 5,648.16 Cr in Mar'25, while total liabilities also saw a decrease from 5,701.37 Cr to 5,648.16 Cr in the same period. Cash flow from operating activities has shown a decline, dropping from 612.00 Cr in Mar'24 to 279.00 Cr in Mar'25, contributing to a net cash outflow of 86.00 Cr in Mar'25. Overall, HEG's financial performance has shown a downward trend in recent years, particularly in profitability and cash flow metrics.

Who are the top shareholders of the HEG?

The top shareholders of HEG include Redrose Vanijya LLP with 28.95%, promoters, mutual funds holding 8.91%, foreign institutional investors at 7.19%, and individual investors with 17.33%. The largest public shareholder is SBI Energy Opportunities Fund, owning 7.11%.

The top shareholders of HEG include a mix of promoters, mutual funds, and foreign institutional investors (FIIs). The majority shareholder is Redrose Vanijya LLP, which holds 28.95% of the shares. Promoters collectively hold a significant portion, while mutual funds account for 8.91% through 19 different schemes. FIIs hold 7.19% of the shares, with the highest public shareholder being SBI Energy Opportunities Fund, which has a stake of 7.11%. Additionally, individual investors collectively hold 17.33% of the company.

Is HEG overvalued or undervalued?

As of May 20, 2025, HEG is considered overvalued with a valuation grade of risky, reflected in its high PE ratio of 87.72 and EV to EBITDA of 63.50, significantly exceeding its peers like Graphite India and Ador Welding, despite a strong stock performance of 20.11% over the past year compared to the Sensex's 7.57%.

As of 20 May 2025, the valuation grade for HEG has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios reveal a PE ratio of 87.72, an EV to EBITDA of 63.50, and a Price to Book Value of 2.27, all suggesting a high valuation relative to earnings and book value.<BR><BR>In comparison to its peers, HEG's valuation stands out starkly; for instance, Graphite India has a PE ratio of 22.92 and an EV to EBITDA of 29.77, while Ador Welding boasts a PE of 25.48 and an EV to EBITDA of 16.19. These comparisons highlight that HEG is trading at a premium compared to its industry peers. Additionally, HEG's recent stock performance has outpaced the Sensex over the past year, with a return of 20.11% versus the Sensex's 7.57%, although this does not mitigate its overvaluation concerns.

When is the next results date for HEG?

No Upcoming Board Meetings

Has HEG declared dividend?

HEG Ltd has declared a dividend of 225% (₹22.5 per share) with an ex-date of July 31, 2024. The company has shown strong total returns over various periods, including a total return of 238.14% over the last 5 years.

HEG Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 225%<BR>- Amount per share: 22.5<BR>- Ex-date: Jul-31-2024<BR><BR>Dividend Yield: 0.89%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, HEG Ltd experienced a price return of -6.16%, with no dividend return, resulting in a total return of -6.16%.<BR><BR>Over the past year, the company saw a price return of 22.74% and a dividend return of 5.06%, leading to a total return of 27.8%.<BR><BR>In the 2-year period, HEG Ltd achieved a price return of 103.39% and a dividend return of 19.92%, culminating in a total return of 123.31%.<BR><BR>For the last 3 years, the price return was 135.11% with a dividend return of 54.19%, resulting in a total return of 189.3%.<BR><BR>In the 4-year period, the company had a price return of 16.83% and a dividend return of 24.64%, giving a total return of 41.47%.<BR><BR>Finally, over the last 5 years, HEG Ltd reported a price return of 174.2% and a dividend return of 63.94%, leading to a total return of 238.14%.<BR><BR>Overall, HEG Ltd has declared a substantial dividend and has shown strong total returns over multiple periods, particularly in the longer term, indicating a positive performance trend.