HEG

how big is HEG?

As of Jun 06, HEG Ltd has a market capitalization of 10,091.76 Cr and reported net sales of 2,159.69 Cr and net profit of 115.05 Cr over the latest four quarters. Shareholder's funds are 4,425.94 Cr, with total assets of 5,701.37 Cr as of Mar'24.

Market Cap: HEG Ltd has a market capitalization of 10,091.76 Cr and is classified as a Mid Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 2,159.69 Cr. The sum of Net Profit for the same period is 115.05 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending Mar'24. The Shareholder's Funds are reported at 4,425.94 Cr, and the Total Assets amount to 5,701.37 Cr.

When is the next results date for HEG?

No Upcoming Board Meetings

Who are in the management team of HEG?

As of March 2023, the management team of HEG includes Ravi Jhunjhunwala (Chairman and MD & CEO), Riju Jhunjhunwala (Vice Chairman), and several independent and non-executive directors, totaling 12 members who guide the company's governance and strategy.

As of March 2023, the management team of HEG includes the following individuals:<BR><BR>1. Ravi Jhunjhunwala - Chairman and MD & 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 comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

What does HEG do?

HEG Ltd is a leading Indian manufacturer and exporter of graphite electrodes, classified as a Mid Cap company. As of March 2025, it reported net sales of ₹542 Cr and a net loss of ₹74 Cr, with a market cap of ₹10,087 Cr.

Overview:<BR>HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India, operating within the Electrodes & Refractories industry and classified as a Mid Cap company.<BR><BR>History:<BR>HEG Ltd was incorporated in October 1972. The latest quarterly results reported are for March 2025, showing a decline in net profit.<BR><BR>Financial Snapshot:<BR>Net Sales: 542 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -74 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 10,087 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 88.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.89% <BR>Debt Equity: 0.01 <BR>Return on Equity: 2.58% <BR>Price to Book: 2.27<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

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.

Who are the peers of the HEG?

HEG's peers include Vesuvius India, Graphite India, RHI Magnesita, Raghav Products, IFGL Refractories, Morganite Crucible, DE Nora India, Orient Ceratech, and Panasonic Carbon. Vesuvius India and Panasonic Carbon show excellent management risk, while Raghav Products has the highest 1-year return at 113.01%, and HEG's return is 14.44%.

Peers: The peers of HEG are Vesuvius India, Graphite India, RHI Magnesita, Raghav Product., IFGL Refractori., Morganite Crucib, DE Nora India, Orient Ceratech, 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 Graphite India, RHI Magnesita, Raghav Product., IFGL Refractori., Morganite Crucib, and DE Nora India, and Below Average management risk is noted at Orient Ceratech. Growth is rated as Good for Vesuvius India and Orient Ceratech, Average for Graphite India, RHI Magnesita, and Raghav Product., and Below Average for HEG, IFGL Refractori., Morganite Crucib, and DE Nora India. All peers have an Excellent capital structure except for Orient Ceratech, which has a Good capital structure.<BR><BR>Return Snapshot: Raghav Product. has the highest 1-year return at 113.01%, while RHI Magnesita has the lowest at -37.92%. HEG's 1-year return of 14.44% is significantly higher than RHI Magnesita's but lower than Raghav Product.'s. Additionally, the six-month returns are negative for RHI Magnesita, Morganite Crucib, DE Nora India, and Orient Ceratech.

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.

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.

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.

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.

Are HEG Ltd latest results good or bad?

HEG Ltd's Q3 FY26 results are strong, with a net profit increase of 148.17% and net sales up 37.20% year-on-year, alongside improved operating margins. However, the stock price fell by 5.52% post-announcement, reflecting market concerns about valuation sustainability despite the positive performance.

HEG Ltd's latest results for Q3 FY26 can be considered quite good overall. The company reported a net profit of ₹206.97 crore, which represents a remarkable year-on-year increase of 148.17%. Additionally, net sales reached ₹656.33 crore, reflecting a 37.20% increase compared to the same quarter last year, although there was a slight sequential decline of 6.13% from the previous quarter.<BR><BR>The operating margin also showed significant improvement, reaching 21.69%, the highest in eight quarters, indicating enhanced operational efficiency. Furthermore, the profit after tax margin increased to 31.53%, up 1103 basis points year-on-year, showcasing the company's ability to convert revenue growth into substantial profit.<BR><BR>Despite these strong results, the market reacted cautiously, with the stock price declining by 5.52% following the announcement. This decline may be attributed to concerns about valuation, as the stock trades at a high price-to-earnings ratio of 42x, which raises questions about the sustainability of the current margin levels.<BR><BR>In summary, while HEG Ltd's results indicate strong operational performance and profitability, the market's reaction suggests some apprehension regarding future growth and valuation sustainability. Overall, the results are positive, but investors may want to keep an eye on the company's ability to maintain these margins moving forward.

Should I buy, sell or hold HEG Ltd?

Why is HEG Ltd falling/rising?

As of 30-Mar, HEG Ltd's stock price is currently at 542.35, reflecting a decline of 5.48% after a trend reversal. Despite past consistent returns, recent market dynamics indicate a downward trend in its stock price.

As of 30-Mar, HEG Ltd's stock price is falling, currently at 542.35, which reflects a decrease of 31.45 or 5.48%. This decline follows a trend reversal after three consecutive days of gains, indicating a shift in market sentiment. The stock opened with a loss of 2.37% today and reached an intraday low of 535.1, marking a significant drop of 6.74%. <BR><BR>In terms of performance, HEG Ltd has underperformed its sector by 1.49% today, and the broader sector of Electrodes & Welding Equipment has also seen a decline of 4.02%. Despite a notable increase in investor participation, with delivery volume rising by 1501.1% on March 27 compared to the five-day average, the overall market conditions seem unfavorable for the stock at this moment.<BR><BR>From a longer-term perspective, while HEG Ltd has shown consistent returns over the past three years and positive financial results, including a 5.92% growth in operating profit and a significant increase in net sales, the recent price movements suggest that current market dynamics are leading to a downward trend in its stock price.

Which are the latest news on HEG?