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100% Buy

HEG Share Price

HEG

₹2,546.35+₹149.00 (6.22%) Past Year
₹2,367.00₹2,548.80
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Company overview

About

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Market cap

Market Cap Switch₹9,253 Cr

Open

₹2,413.00

Close

₹2,397.35

Circuit range

₹2,876.80 - ₹1,917.90

Day range

₹2,367.00 - ₹2,548.80

Year range

₹1,018.05 - ₹2,548.80

Volume

8,53,179

Avg. traded

₹2,473.70

Revenue (12m)

₹2,465 Cr

HEG

HEG Limited is a prominent graphite electrode manufacturer. A part of the popular LNJ Bhilwara Group, the company is currently India's biggest graphite electrode manufacturer. The market capitalisation of HEG Limited is over ₹7,200 crore as of January 5, 2024. HEG share price has gained over 95% in the past three years.

Business operations

HEG Limited (earlier known as Hindustan Electro-Graphites Ltd) owns one of South-East Asia's largest integrated graphite electrode plants dedicated to processing sophisticated UHP (ultra high power) electrodes. The company also operates a separate R&D facility focused on developmental projects. HEG Ltd has also established a hydropower project.

The company caters to special orders for fine-grain carbon blocks. Through its graphite specialities division, HEG customises graphite products to meet specific customer size and shape requirements. Customers use fine-grain carbon block blocks to create value-added products such as heat exchangers. HEG Limited exports more than 70% of its production to over 30 countries worldwide.

HEG's primary product is graphite, constituting 80% of its revenue. Established in 1977 through a collaboration with Societe Des Electrodes Et Refractaires Savoie (SERS), a subsidiary of France's Pechiney, HEG is now the world's largest integrated graphite plant. Spanning approximately 170 acres, HEG's graphite division includes facilities for producing graphite electrodes and graphite specialities.

Situated in Mandideep in Madhya Pradesh, the plant has an annual capacity of 80,000 MT for UHP-grade electrodes. Its infrastructure includes three captive power generation units, collectively generating around 77 MW, supporting nearly all the graphite plant's power needs. HEG also houses a dedicated R&D setup focused on carbon and graphite.

HEG Limited's other business segment is the power division. The company's first hydropower project was set up in Tawanagar, Hoshangabad (Madhya Pradesh), with a rated capacity of 13.5 MW. This project became operational in 1997 and facilitated the transmission of power to the graphite plant located in Mandideep.

Following the expansion of graphite electrode capacity from 30,000 tonnes per annum to 66,000 tonnes per annum, two coal-based captive power plants of 30 MW and 33 MW were established. The primary equipment, including the turbine, was procured from BHEL in India.

HEG Limited has a manufacturing capacity of 80,000 tonnes per annum (TPA) as of the fiscal year 2022-23. The company has plans to upgrade it to 100,000 TPA soon. HEG operates with a captive power generation capacity of 76.5 megawatts (MW). HEG Limited is supported by a team of 903 people dedicated to its operations. Close to 73% of the company's total sales come from exports.

HEG is also expanding its services by venturing into the production of graphite anodes designed for lithium-ion cells that are used in electric vehicles and energy storage systems. To accelerate this new business, HEG has established a wholly-owned subsidiary named TACC Limited and has sanctioned a budget of ₹1,000 crore to establish a manufacturing facility capable of producing 10,000 tons of anodes annually in Phase 1.

Financial Highlights

HEG Limited's revenue from operations for FY23 stood at ₹2,467 crore, up 12% from ₹2,202 crore in FY22. The net profit after tax (PAT) for FY23 was ₹532.4 crore compared to ₹431 crore in FY22. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹729 crore from the previous year's ₹607 crore. The company's earnings per share (EPS) stood at ₹137.95 in FY23 compared to ₹111.68 in the previous financial year.

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HEG Key indicators

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52 week high

₹2,548.80

52 week low

₹1,018.05

P/E ratio

24.44

P/B ratio

2.11

ROE

11.6%

ROCE

13.53%

Dividend yield

1.77%

Debt/Equity ratio

0.18

EPS

118.02

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Investment checklist: (2/6)

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Profit factor

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Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

29.49%

Net profit margin

18.43%

ROE

11.6%

ROA

8.33%

ROCE

13.53%

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HEG Shareholder returns

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1 day

-1.76%

1 week

+12.77%

1 month

+27.37%

3 months

+30.26%

1 year

+130.74%

3 years

+11.83%

5 years

+14.83%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

HEG Share Price history

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DayOpenCloseDay’s change
Tue, Apr 16 2024
₹2,429.75
₹2,397.35
-1.35%
Mon, Apr 15 2024
₹2,352.00
₹2,440.30
+3.62%
Fri, Apr 12 2024
₹2,345.00
₹2,362.60
+0.74%
Wed, Apr 10 2024
₹2,189.80
₹2,356.85
+7.09%
Tue, Apr 9 2024
₹2,129.85
₹2,176.25
+2.13%
Mon, Apr 8 2024
₹2,098.00
₹2,125.85
+1.31%
Fri, Apr 5 2024
₹2,077.90
₹2,089.50
+0.56%
Thu, Apr 4 2024
₹2,035.95
₹2,073.35
+1.80%

Shareholding info

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Promoters (55.78%)

Mutual Funds (6.56%)

Retail and other (26.98%)

Foreign institutions-FII (6.86%)

Other domestic institutions (3.81%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹42.5/share

    Ex date 24 Aug 2023

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  • Dividend • ₹40/share

    Ex date 24 Aug 2022

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Frequently asked questions