HEG Share Price Target 2024-2030 Fundamentals & Quarterly Results

HEG Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –HEG Ltd was incorporated in Oct ‘ 72 as India’s leading manufacturer and exporter of graphite electrodes and operates the world’s largest single-site, integrated graphite electrodes plant at Mandideep in Madhya Pradesh. Three power generation facilities, with total rated capacity of around 76.5 MW, are also operational. The major proportion of power generated is used to run the graphite electrode manufacturing operations, and the excess power generated is sold in the open market.HEG Share Price Target

HEG Overview

It’s one of the segments of LNJ Bhilwara Group that has diversified its business into IT Enabled services, power generation and textiles.

Company NameHEG Limited
Listed atNSE & BSE
Head OfficeMandideep (Near Bhopal) Distt. Raisen -462046, Madhya Pradesh,
Board Of Directors
  • Mr.Rajan Meenathakonil Thomas Chairperson & Managing Director
  • Mr.Mrutyunjay Mahapatra Independent Director
  • Dr.Satyendra Shridhar Nayak Independent Director
  • Mr.Sunil Pant Independent Director
  • Ms.Sujatha R Thomas Non Executive Director
  • Mr.Rahul Rajan Jesu Thomas Whole Time Director
Official Websitehegltd.com

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HEG Business Profile

The Company produces graphite electrodes, anodes and other associated specialty products. In addition to above products, the Company produces sponge iron lumps and fines besides running oil rigs for oil exploration and development. It also runs a hydroelectric power plant mainly to provide for captive power supply to its graphite and sponge iron plants.

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The organization provides different sorts of graphite electrodes including ultra-high power (UHP), high power (SHP), and regular power (HP) electrodes in various lengths and diameters. It specializes in Graphite Electrodes, Power Division as well as Carbon Specialty products. This is a High-tech/high Entry Barrier sector ; HEG was the last new comers worldwide in the year 1976.

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Manufacturing Facilities

In nearby Bhopal(MP), the company runs a single integrated manufacturing facility that produces both HP and UHP electrodes. It also has 80MW power generation plants. As of H3FY24, manufacturing capacity is at an annualised 100,000 tpa and capacity utilisation is about 89%. The company finished its expansion by adding 20000 TPA in November 2023.

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Expansion

In two stages, the firm intends to enhance TACC Limited’s (a Wholly Owned Subsidiary) production capacity:
1.  Phase 1 consists of an investment of Rs 1000 Crores during the next 3 years that will enable production capacity for 10 to 12 GWH of cell manufacturing.
2. An additional Rs. 1000 Crores will be invested in order to provide a cumulative cell manufacturing capacity of 20-22 GWH.
Thus, this raise in production capacity will expand it from 10-12 GWH (10,000 MT) to 20-22 GHW (20,000 MT).

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Clientele

A well-rounded clientele is served by the company, which provides a great portion of its production for shipment to the leading twenty global steel corporations.

Bhilwara Infotechnology Limited and Bhilwara Energy Limited, the two pioneers of the Company, have a total stake in the consolidated profits that amounts to 15%.

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HEG Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 8,749 Cr.
Current Price₹ 2,267
High / Low₹ 2,745 / 1,462
Stock P/E44.7
Book Value₹ 1,147
Dividend Yield0.99 %
ROCE8.54 %
ROE7.14 %
Face Value₹ 10.0
FCF Prev Ann₹ -364 Cr.
Debt to equity0.14
Debt (preceding year)₹ 743 Cr.
Reserves₹ 4,387 Cr.
Quick ratio0.95
Current ratio1.98
Free Cash Flow₹ 244 Cr.
PEG Ratio-1.23
Piotroski score5.00
Pledged percentage0.00 %
Interest Coverage7.99
Debt (3 years back)₹ 298 Cr.

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HEG Quarterly Results

QuarterMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales673722598530617671614562547571
Expenses516538419398493520512476506533
Operating Profit157184179132123151102874139
OPM %23%25%30%25%20%23%17%15%8%7%
Other Income17212040426863306441
Interest14787991098
Depreciation21212325333838475048
Profit before tax152180168139125172118594624
Tax %25%26%23%25%20%19%18%27%29%3%
Net Profit12915916910510013996443323
EPS (₹)33.4941.2043.7727.1225.8436.0524.8711.318.535.97

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CAGR Report

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth5%-18%24%-5%
Compounded Profit Growth12%-36%84%-62%
Stock Price CAGR22%14%1%33%
Return on Equity20%6%11%7%

HEG Share holding Pattern

Year/QuarterMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters61.04%61.24%59.62%59.62%55.13%55.77%55.77%55.77%
FIIs3.97%5.75%11.04%9.43%8.90%6.25%6.86%6.06%
DIIs11.78%9.54%7.42%7.41%8.19%6.26%10.38%13.08%
Public23.22%23.47%21.91%23.54%27.77%31.71%26.98%25.08%
No. of Shareholders45,6151,76,0261,54,6931,38,9751,43,5781,48,2691,29,9051,19,399

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HEG Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹2886.82₹3723.28₹4225.15
2025₹4310₹4051₹4836
2026₹4933₹4637₹5535
2027₹5646₹5306₹6334
2028₹6461₹6073₹7250
2029₹7395₹6951₹8298
2030₹8464₹7956₹9497

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HEG Share Price Target 2025

MonthTarget
January₹4310
February₹4396
March₹4484
April₹4335
May₹4191
June₹4051
July₹4213
August₹4382
September₹4557
October₹4648
November₹4741
December₹4836

HEG Share Price Target 2026

MonthTarget
January₹4933
February₹5032
March₹5133
April₹4962
May₹4797
June₹4637
July₹4822
August₹5015
September₹5216
October₹5320
November₹5426
December₹5535

HEG Share Price Target 2027

MonthTarget
January₹5646
February₹5759
March₹5874
April₹5678
May₹5489
June₹5306
July₹5518
August₹5739
September₹5969
October₹6088
November₹6210
December₹6334

HEG Share Price Target 2028

MonthTarget
January₹6461
February₹6590
March₹6722
April₹6498
May₹6282
June₹6073
July₹6316
August₹6569
September₹6832
October₹6969
November₹7108
December₹7250

HEG Share Price Target 2029

MonthTarget
January₹7395
February₹7543
March₹7694
April₹7438
May₹7190
June₹6951
July₹7229
August₹7518
September₹7819
October₹7975
November₹8135
December₹8298

HEG Share Price Target 2030

MonthTarget
January₹8464
February₹8633
March₹8806
April₹8513
May₹8230
June₹7956
July₹8274
August₹8605
September₹8949
October₹9128
November₹9311
December₹9497

Official Website hegltd.com

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