{
  "main_header": {
    "sid": 212597,
    "name": "HEG",
    "stock_name": "HEG",
    "full_name": "HEG Ltd",
    "name_url": "stocks-analysis/heg",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "521.00",
    "chg": -2.25,
    "chgp": "-0.43%",
    "dir": -1,
    "prev_price": "523.25",
    "mcapval": "10,054.13 Cr",
    "mcap": "Small Cap",
    "scripcode": 509631,
    "symbol": "HEG",
    "ind_name": "Electrodes & Refractories",
    "ind_code": 39,
    "indexname": "",
    "isin": "INE545A01024",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "3.52 lacs",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/heg-212597-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "text": "Part of MojoOne Strategy",
      "type": "MN",
      "url": "https://www.marketsmojo.com/mojopro/strategy/2",
      "ismore": 0,
      "all_data": [],
      "is_blur": 1,
      "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/heg-212597-0&utm_source=Spage_Score_PartofStrategies"
    }
  },
  "news": {
    "results": [
      {
        "title": "HEG Stock Evaluation Reflects Mixed Signals Amidst Strong Financials and Technical Shifts",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/heg-downgraded-to-hold-as-technicals-weaken-despite-strong-financials-3740046",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/HEG_mojoScore_3740046.png",
        "date": "2025-12-02 08:04:33",
        "description": "HEG, a key player in the Electrodes & Refractories sector, has experienced a nuanced revision in its market assessment following recent developments across quality, valuation, financial trends, and technical indicators. While the company’s quarterly financial performance remains robust, shifts in technical patterns and valuation metrics have prompted a more cautious analytical perspective."
      },
      {
        "title": "HEG Stock Analysis: Technical Momentum Shifts and Market Performance Insights",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/heg-stock-momentum-shifts-amid-mixed-technical-signals-3739906",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/HEG_technicaldot_3739906.png",
        "date": "2025-12-02 08:02:13",
        "description": "HEG, a key player in the Electrodes & Refractories sector, has experienced notable shifts in its technical momentum and market assessment. Recent evaluation adjustments reflect a nuanced change in price dynamics, with technical indicators presenting a mixed but insightful picture for investors analysing the stock’s trajectory amid broader market movements."
      },
      {
        "title": "How has been the historical performance of HEG?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-heg-3739147",
        "imagepath": "",
        "date": "2025-12-01 22:57:12",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Revenue and Operating Performance Trends</strong></p>\n<p>HEG's consolidated net sales have shown considerable volatility over the past six years. The company recorded a peak revenue of over ₹6,500 crores in the fiscal year ending March 2019, followed by a sharp decline in subsequent years. From March 2020 onwards, sales stabilised in the range of ₹2,100 to ₹2,400 crores, with the latest fiscal year ending March 2025 reporting net sales of approximately ₹2,160 crores. This indicates a significant contraction from the 2019 peak, suggesting a period of adjustment or market realignment.</p>\n<p>Operating profit margins, excluding other income, have mirrored this trend. The margin was exceptionally high at over 70% in 2019 but dropped sharply thereafter, settling at around 12% in the most recent f..."
      },
      {
        "title": "Why is HEG falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-heg-fallingrising-3732030",
        "imagepath": "",
        "date": "2025-11-27 00:22:36",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Strong Quarterly Performance Drives Momentum</strong></p>\n<p>HEG Ltd's recent surge in share price is primarily underpinned by its very positive quarterly results declared in September 2025. The company reported a remarkable 53.77% growth in net profit, signalling strong operational efficiency and profitability. Notably, the quarter saw the highest net sales recorded at ₹699.22 crores and a peak PBDIT of ₹118.35 crores, underscoring the company's ability to scale revenues while maintaining healthy margins.</p>\n<p>Further bolstering investor sentiment is the company's impressive operating profit to interest ratio of 13.27 times, indicating a comfortable buffer to service debt obligations. This is complemented by HEG's consistently low debt-to-equity ratio, averaging zero, which reduces financ..."
      },
      {
        "title": "HEG Sees Shift in Market Assessment Amid Strong Financial and Technical Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/heg-upgraded-to-buy-by-marketsmojo-on-strong-technical-and-financial-performance-3730162",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HEG_mojoScore_3730162.png",
        "date": "2025-11-26 08:02:29",
        "description": "HEG, a key player in the Electrodes & Refractories sector, has experienced a notable shift in market assessment driven by a combination of robust financial results, evolving technical indicators, valuation considerations, and consistent long-term performance. This article analyses the factors influencing the recent revision in the company’s evaluation metrics, providing investors with a comprehensive understanding of the underlying dynamics."
      },
      {
        "title": "HEG Stock Analysis: Technical Momentum Shifts Signal Bullish Trends",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/heg-stock-gains-momentum-as-technical-indicators-signal-bullish-shift-3730137",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HEG_technicaldot_3730137.png",
        "date": "2025-11-26 08:01:08",
        "description": "HEG, a key player in the Electrodes & Refractories sector, has exhibited notable shifts in its technical indicators, signalling a transition towards a more bullish momentum. Recent market data and technical parameters suggest evolving investor sentiment and price dynamics that merit close attention."
      },
      {
        "title": "HEG Ltd Sees High Value Trading Amid Sector Outperformance and Institutional Interest",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/heg-ltd-surges-on-high-value-trading-amid-sector-outperformance-3728206",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HEG_most_active_equities_by_value_3728206.png",
        "date": "2025-11-25 10:00:11",
        "description": "HEG Ltd, a prominent player in the Electrodes & Refractories sector, recorded significant trading activity on 25 Nov 2025, with a total traded value exceeding ₹12,356 crores and volume surpassing 23.6 lakh shares. The stock outperformed its sector and broader market indices, reflecting renewed investor interest and notable institutional participation."
      },
      {
        "title": "HEG Reports Strong Profit Growth Amid Shift in Market Evaluation Dynamics",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/heg-stock-downgraded-from-buy-to-hold-amid-technical-shift-3710101",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HEG_mojoScore_3710101.png",
        "date": "2025-11-18 08:04:06",
        "description": "HEG, a small-cap company in the Electrodes & Refractories sector, has seen a recent evaluation adjustment influenced by its technical indicators. The firm reported a 53.77% increase in net profit for the quarter ending September 2025 and achieved record net sales of Rs 699.22 crore, highlighting its operational strength."
      },
      {
        "title": "How has been the historical performance of HEG?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-heg-3708470",
        "imagepath": "",
        "date": "2025-11-17 22:50:45",
        "description": "Answer:\nThe historical performance of HEG shows significant fluctuations in key financial metrics over the years.\n\nBreakdown:\nHEG'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 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 dropped from 727.53 Cr in Mar'23 to 382.68 Cr in Mar'25, reflecting a declining operating profit margin from 25.06% to 11.81%. Profit before tax decreased from 599.22 Cr in Mar'23 to 142.89 Cr in Mar'25, while profit after tax fell from 454.25 Cr to 97.58 Cr in the same period. The earnings per share (EPS) decreased significantly from 137.92 in Mar'23 to 5.96 in Mar'25. On the balance sheet, total liabilities slightly decreased from 5,701.37 Cr in Mar'24 to 5,648.16 Cr in Mar'25, while total assets also saw a decli..."
      }
    ],
    "total": 237,
    "sid": "212597",
    "stock_news_url": "https://www.marketsmojo.com/news/heg-212597"
  },
  "announcements": [
    {
      "caption": "Clarification sought from HEG Ltd",
      "datetime": "26-Nov-2025",
      "details": "The Exchange has sought clarification from HEG Ltd on November 26 2025 with reference to Movement in Volume. <BR><BR>The reply is awaited.",
      "source": "BSE"
    },
    {
      "caption": "Clarification On Volume Movement.",
      "datetime": "26-Nov-2025",
      "details": "Attached",
      "source": "BSE"
    },
    {
      "caption": "Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011",
      "datetime": "25-Nov-2025",
      "details": "The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Redrose Vanijya LLP",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "HEG Ltd has declared <strong>90%</strong> dividend, ex-date: 13 Aug 25",
          "dt": "2025-08-13",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "",
      "data": [
        {
          "txt": "HEG Ltd has announced <strong>2:10</strong> stock split, ex-date: 18 Oct 24",
          "dt": "2024-10-18",
          "middle_text": "Split"
        }
      ]
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

HEG Stock Evaluation Reflects Mixed Signals Amidst Strong Financials and Technical Shifts

2025-12-02 08:04:33

HEG, a key player in the Electrodes & Refractories sector, has experienced a nuanced revision in its market assessment following recent developments across quality, valuation, financial trends, and technical indicators. While the company’s quarterly financial performance remains robust, shifts in technical patterns and valuation metrics have prompted a more cautious analytical perspective.

Read More

HEG Stock Analysis: Technical Momentum Shifts and Market Performance Insights

2025-12-02 08:02:13

HEG, a key player in the Electrodes & Refractories sector, has experienced notable shifts in its technical momentum and market assessment. Recent evaluation adjustments reflect a nuanced change in price dynamics, with technical indicators presenting a mixed but insightful picture for investors analysing the stock’s trajectory amid broader market movements.

Read More

How has been the historical performance of HEG?

2025-12-01 22:57:12

Revenue and Operating Performance Trends

HEG's consolidated net sales have shown considerable volatility over the past six years. The company recorded a peak revenue of over ₹6,500 crores in the fiscal year ending March 2019, followed by a sharp decline in subsequent years. From March 2020 onwards, sales stabilised in the range of ₹2,100 to ₹2,400 crores, with the latest fiscal year ending March 2025 reporting net sales of approximately ₹2,160 crores. This indicates a significant contraction from the 2019 peak, suggesting a period of adjustment or market realignment.

Operating profit margins, excluding other income, have mirrored this trend. The margin was exceptionally high at over 70% in 2019 but dropped sharply thereafter, settling at around 12% in the most recent f...

Read More

Why is HEG falling/rising?

2025-11-27 00:22:36

Strong Quarterly Performance Drives Momentum

HEG Ltd's recent surge in share price is primarily underpinned by its very positive quarterly results declared in September 2025. The company reported a remarkable 53.77% growth in net profit, signalling strong operational efficiency and profitability. Notably, the quarter saw the highest net sales recorded at ₹699.22 crores and a peak PBDIT of ₹118.35 crores, underscoring the company's ability to scale revenues while maintaining healthy margins.

Further bolstering investor sentiment is the company's impressive operating profit to interest ratio of 13.27 times, indicating a comfortable buffer to service debt obligations. This is complemented by HEG's consistently low debt-to-equity ratio, averaging zero, which reduces financ...

Read More

HEG Sees Shift in Market Assessment Amid Strong Financial and Technical Signals

2025-11-26 08:02:29

HEG, a key player in the Electrodes & Refractories sector, has experienced a notable shift in market assessment driven by a combination of robust financial results, evolving technical indicators, valuation considerations, and consistent long-term performance. This article analyses the factors influencing the recent revision in the company’s evaluation metrics, providing investors with a comprehensive understanding of the underlying dynamics.

Read More

HEG Stock Analysis: Technical Momentum Shifts Signal Bullish Trends

2025-11-26 08:01:08

HEG, a key player in the Electrodes & Refractories sector, has exhibited notable shifts in its technical indicators, signalling a transition towards a more bullish momentum. Recent market data and technical parameters suggest evolving investor sentiment and price dynamics that merit close attention.

Read More

HEG Ltd Sees High Value Trading Amid Sector Outperformance and Institutional Interest

2025-11-25 10:00:11

HEG Ltd, a prominent player in the Electrodes & Refractories sector, recorded significant trading activity on 25 Nov 2025, with a total traded value exceeding ₹12,356 crores and volume surpassing 23.6 lakh shares. The stock outperformed its sector and broader market indices, reflecting renewed investor interest and notable institutional participation.

Read More

HEG Reports Strong Profit Growth Amid Shift in Market Evaluation Dynamics

2025-11-18 08:04:06

HEG, a small-cap company in the Electrodes & Refractories sector, has seen a recent evaluation adjustment influenced by its technical indicators. The firm reported a 53.77% increase in net profit for the quarter ending September 2025 and achieved record net sales of Rs 699.22 crore, highlighting its operational strength.

Read More

How has been the historical performance of HEG?

2025-11-17 22:50:45

Answer: The historical performance of HEG shows significant fluctuations in key financial metrics over the years. Breakdown: 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 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 dropped from 727.53 Cr in Mar'23 to 382.68 Cr in Mar'25, reflecting a declining operating profit margin from 25.06% to 11.81%. Profit before tax decreased from 599.22 Cr in Mar'23 to 142.89 Cr in Mar'25, while profit after tax fell from 454.25 Cr to 97.58 Cr in the same period. The earnings per share (EPS) decreased significantly from 137.92 in Mar'23 to 5.96 in Mar'25. On the balance sheet, total liabilities slightly decreased from 5,701.37 Cr in Mar'24 to 5,648.16 Cr in Mar'25, while total assets also saw a decli...

Read More

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