HEG

Which are the latest news on HEG?

Why is HEG Ltd falling/rising?

As of 05-Sep, HEG Ltd's stock price is rising to Rs 729.05, reflecting a 2.96% increase. This growth is driven by strong performance metrics, including a 46.79% return over the past year and positive trading activity, indicating a bullish trend.

As of 05-Sep, HEG Ltd's stock price is rising, currently at Rs 729.05, which reflects an increase of Rs 20.95 or 2.96%. This upward movement can be attributed to several positive factors. The stock has shown strong performance over the past month, gaining 7.43% while the benchmark Sensex has declined by 2.44%. Year-to-date, HEG Ltd has outperformed the Sensex significantly, with a return of 16.76% compared to the benchmark's -10.21%.<BR><BR>Moreover, over the past year, HEG Ltd has delivered an impressive 46.79% return, while the Sensex has only increased by 5.21%. The stock has also demonstrated substantial growth over longer periods, with a 108.60% increase over the last three years. <BR><BR>Today's trading activity indicates a positive trend as well, with the stock outperforming its sector by 1.51%. It has been gaining for the last two days, accumulating a total return of 3.29% during this period. Additionally, the stock is close to its 52-week high, just 3.41% away from Rs 753.9, and it reached an intraday high of Rs 743, marking a 4.93% increase.<BR><BR>Investor participation appears to be rising, with a delivery volume of 8.66 lacs on September 3, which is up by 23.91% compared to the five-day average. The stock is also trading above its moving averages across various time frames, indicating a bullish trend. Overall, these factors contribute to the rising stock price of HEG Ltd.

Who are in the management team of HEG?

The management team of HEG includes Ravi Jhunjhunwala (Chairman and CEO), Riju Jhunjhunwala (Vice Chairman), and several independent and non-executive directors, ensuring a blend of leadership and oversight. Key members also include Kamal Gupta, Satish Chand Mehta, and Vivek Chaudhary as Company Secretary.

The management team of HEG includes the following 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<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 brings a mix of executive leadership and independent oversight to the company.

What does HEG do?

HEG Ltd is a leading manufacturer and exporter of graphite electrodes, operating the world's largest single-site plant in Madhya Pradesh. As of June 2026, it reported net sales of 681 Cr and a net profit of 122 Cr, with a market cap of INR 14,068 Cr.

Overview:<BR>HEG Ltd is a leading manufacturer and exporter of graphite electrodes in the Electrodes & Refractories industry, classified as a Small Cap company.<BR><BR>History:<BR>HEG Ltd was incorporated in October 1972 and operates the world's largest single-site integrated graphite electrodes plant in Mandideep, Madhya Pradesh. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 681 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 122 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 14,068 Cr (Small Cap) <BR><BR>Key Metrics:<BR>P/E: 40.00 <BR>Industry P/E: 43 <BR>Dividend Yield: 0.46% <BR>Debt-Equity: 0.03 <BR>Return on Equity: 6.99% <BR>Price to Book: 3.00 <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

Who are the peers of the HEG?

HEG's peers include Graphite India, Vesuvius India, Raghav Products, RHI Magnesita, IFGL Refractories, Foseco Crucible, Orient Ceratech, DE Nora India, and Panasonic Carbon. Vesuvius India and Panasonic Carbon show excellent management risk, while HEG has average management risk; Raghav Products leads in 1-year returns at 209.20%, and HEG's return is 57.72%.

Peers: The peers of HEG are Graphite India, Vesuvius India, Raghav Product., RHI Magnesita, IFGL Refractori., Foseco Crucible, Orient Ceratech, DE Nora India, and Panasonic Carbon.<BR><BR>Quality Snapshot: Excellent management risk is observed at Vesuvius India and Panasonic Carbon, while Average management risk is found at HEG, Graphite India, Raghav Product., RHI Magnesita, IFGL Refractori., Foseco Crucible, Orient Ceratech, DE Nora India, and the rest. Good growth is seen at Vesuvius India, Raghav Product., and Orient Ceratech, while Average growth is noted at HEG and DE Nora India, and Below Average growth is present at Graphite India, RHI Magnesita, IFGL Refractori., Foseco Crucible, and Panasonic Carbon. Excellent capital structure is reported for HEG, Graphite India, Vesuvius India, Raghav Product., IFGL Refractori., Foseco Crucible, DE Nora India, and the rest, while Average capital structure is noted at RHI Magnesita and Good capital structure at Orient Ceratech.<BR><BR>Return Snapshot: Raghav Product. has the highest 1-year return at 209.20%, while Vesuvius India has the lowest at -18.49%. HEG's own 1-year return of 57.72% is significantly higher than Vesuvius India's. Additionally, RHI Magnesita, Vesuvius India, and Panasonic Carbon have negative six-month returns.

How big is HEG?

As of 31st August, HEG Ltd has a market capitalization of 14,068.00 Cr, with net sales of 2,638.89 Cr and a net profit of 358.87 Cr reported in the latest four quarters.

As of 31st August, HEG Ltd has a market capitalization of 14,068.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, HEG reported net sales of 2,638.89 Cr and a net profit of 358.87 Cr.<BR><BR>The latest annual period for the balance sheet is March 2026, with shareholder's funds amounting to 4,757.92 Cr and total assets of 6,165.76 Cr.

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?

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.