HEG Ltd. News and Updates

03 Nov 2017

518.55

1.59%

HEG Limited

Buy: HEG Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research HEG reported a stellar Q2FY18 performance marked by healthy capacity utilisation levels and a sharp increase in realisation Topline for the quarter was at | 409.5 crore (up 115.5% YoY, 99.4% QoQ, notably higher than our estimate of | 303.3 crore). The capacity utilisation during the quarter was in line with our estimate of ~85% The raw material cost (as a percentage of sales) declined to 29.8% in Q2FY18 (vs. 47.7% in Q2FY17 and 46.4% in Q1FY18). The lower raw...

11 Aug 2017

518.55

1.59%

HEG Limited

Buy: HEG Ltd.

Recommendation

ICICI Securities Limited

We attended the investor teleconference held by the company. The management highlighted the recent developments in the global graphite electrode market that have a fairly positive impact on the industry. The Chinese government's clampdown on polluting industry impacted both steel production (induction furnace route) and graphite electrode manufacturers. The management indicated that China has witnessed a capacity closure (graphite electrode) to the tune of ~50%, which has created a shortage of electrodes in the country providing a fillip to...

07 Aug 2017

518.55

1.59%

HEG Limited

Hold: HEG Ltd.

Target

ICICI Securities Limited

EBITDA came in at | 23.4 crore. The resultant EBITDA margin was at 11.4% (Q1FY17: 1.9%, Q4FY17: 11.5%) The company has trimmed down PAT level losses from | 28.9 crore in Q1FY17 to | 8.4 crore in Q1FY18 We expect the performance to improve from H2FY18E, as benefits of...

HEG receives patent boost

28 Jul 2017

518.55

1.59%

Business Line

The stock of HEG will remain in focus, as the company has been granted an Indian patent for an invention named A process for making high-performance graphite nipple. The patent has been issued by...

HEG Ltd.'s price crossed above 50Day SMA today

07 Jun 2017

518.55

1.59%

HEG Limited

Hold: HEG Ltd.

Target

ICICI Securities Limited

HEG's Q4FY17 results came in below our estimates. Topline for the quarter came in at | 257.8 crore (up 45.4% YoY, 9% QoQ and below our estimate of | 309.4 crore). Capacity utilisation during the quarter came in at ~80% (our estimate: 85%) EBITDA came in at | 29.6 crore, lower than our estimate of | 54.5 crore. The resultant EBITDA margin came in at 11.5% (our estimate of 17.6%, Q3FY17: 12.3%, Q4FY16: 5.2%) At the PAT level, the company reported a loss to the tune of | 3.9...

16 Feb 2017

518.55

1.59%

HEG Limited

Hold: HEG Ltd.

Target

ICICI Securities Limited

HEG's Q3FY17 performance was better-than-our estimates. Topline (adjusted for excise) for the quarter came in at | 236.6 crore (up 24.5% QoQ, 32.5% YoY and higher than our estimate of | 221.5 crore). Capacity utilisation at ~75% came in line with our estimate EBITDA came in at | 29.2 crore, higher than our estimate of | 22.8...

GoDaddy To Buy Host Europe For $1.82 Billion

06 Dec 2016

518.55

1.59%

NDTV Profit

US-based website domain name provider GoDaddy Inc said it would buy peer Host Europe Group (HEG) for 1.69 billion euros ($1.82 billion), including debt, as it looks to expand beyond the initial...

GoDaddy to buy Host Europe Group for $1.82 billion

Economic Times | 06 Dec 2016

11 Nov 2016

518.55

1.59%

HEG Limited

Hold: HEG Ltd.

Target

ICICI Securities Limited

Topline for the quarter came in at | 190.1 crore (up 16.5% QoQ, down 23.7% YoY and higher than our estimate of | 181.3 crore). The capacity utilisation came in at 65%, higher than our estimate of ~55% EBITDA came in at | 18.7 crore, significantly higher than our estimate of | 5.3 crore primarily on account of lower operating costs. The corresponding EBITDA margin came in at 9.8% (our estimate of 3.0%, Q1FY17: 3.2% and Q2FY16: 22.3%) At the PAT level, the company reported a loss to the tune of | 13.5...

09 Aug 2016

518.55

1.59%

HEG Limited

Hold: HEG Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research HEG reported a subdued set of Q1FY17 numbers wherein the topline, EBITDA and PAT came in notably lower than our estimates The topline for the quarter came in at | 163.2 crore (down 32.5% YoY and lower than our estimate of | 224.9 crore) EBITDA came in at | 3.2 crore (down 88.1% YoY and below our estimate of | 21.4 crore). The EBITDA margin came in at 1.9%, lower than our estimate of 9.5% (EBITDA margin of 9.3% in Q1FY16)...