HEG Ltd.    
18 Aug 2020
696.45
0.04%
buy
Hold: HEG Ltd.
ICICI Securities Limited
HEG reported a subdued set of Q1FY21 numbers on account of a muted operational performance wherein it reported a loss at the EBITDA level. For standalone operations, topline came in at | 233.3 crore (down 71% YoY) & reported EBITDA loss came in at | 11.3 crore (vs. EBITDA profit of | 347.8 crore in Q1FY20). For the quarter, it reported a negative EBITDA margin of 4.8% compared to positive margin of 42.6% in Q1FY20. During the quarter, as the lockdown was in force for a significant period, the company's operations and financial results were impacted. On account of Covid-19...
default
Number of FIIs/FPIs holding stock fell by 20 to 108 in Sep 2020 qtr.
HEG Ltd.    
23 Jun 2020
696.45
0.04%
buy
Hold: HEG Ltd.
ICICI Securities Limited
Revise down capacity utilisation levels on subdued demand On account of subdued demand from the steel sector (especially in H1FY21), we downward revise our capacity utilisation estimates for FY21E. For FY21E, we model capacity utilisation of 50% (downward revise from 75% earlier)....
HEG Ltd. has an average target of 750.00 from 1 broker.
HEG Ltd.    
19 Aug 2019
696.45
0.04%
ICICI Securities Limited
Graphite electrodes are used in the EAF route of steelmaking. Global steel demand has been negatively impacted by a weakening global economy. World Steel Association (WSA) forecasts global steel demand will reach 1735 million tonnes (MT) in CY19, a modest increase of 1.3% and 1752 MT in CY20, an increase of 1.0% over 2019. In the current muted demand scenario, excess production of graphite electrodes in China due to relatively slow ramp up of EAF capacities has led to cheaper graphite electrode exports to other countries (from China). Against the backdrop of removal of...
Number of FIIs/FPIs holding stock fell by 20 to 108 in Sep 2020 qtr.
HEG Ltd.    
27 May 2019, 12:00AM
696.45
0.04%
ICICI Securities Limited
HEG reported a steady Q4FY19 performance wherein the topline came in marginally lower than our estimates while EBITDA and PAT came in higher than our estimate. The company reported a capacity utilisation of ~80% (lower than our estimate of 85% in Q4FY19, 84% in Q4FY18 and 82% in Q3FY19). HEG reported a topline of | 1346.7 crore (down 27.8% QoQ, up 4.2% YoY, marginally lower than our estimate: | 1393.6 crore). EBITDA for the quarter was at | 788 crore (higher than our estimate of | 695.7 crore). EBITDA margin was at 58.5% (higher than our estimate of 49.9% in Q4FY19,...
HEG Ltd. has lost -29.23% in the last 1 Year
HEG Ltd.    
19 Feb 2019
696.45
0.04%
ICICI Securities Limited
The revenue from operation came in at |1865 crore (up 121% YoY, 4% QoQ) higher than our estimates of |1630.8 crore. Utilization for the quarter came in at ~82%, broadly in line with our estimate of 85%. HEG reported an EBITDA of |1313.5 crore higher than our estimate | 1021.5 crore, the resultant EBITDA margin came in at 70.4% (as against our estimate of 62.6%, Q3FY18: 66.2%, Q2FY19: 76.2%)....
default
HEG Ltd. has lost -29.23% in the last 1 Year
HEG Ltd.    
16 Jan 2019
696.45
0.04%
buy
Results Update: HEG Ltd.
AUM Capital
HEG Ltd, incorporated in 1973 is a premier company of the LNJ Bhilwara group, is India's leading graphite electrode manufacturer. It has one of the largest integrated Graphite Electrode plants in the world, processing sophisticated UHP (Ultra High Power) Electrodes. The company exports over 70% of its production to more than 30 countries of the world. It has also established a Power Plant of 77MW capacity to cater its in-house demand for electricity which is one of the major inputs in manufacturing Graphite electrodes. The Graphite Electrode plant of the company is...
HEG Ltd. has lost -29.23% in the last 1 Year
HEG Ltd.    
27 Nov 2018, 12:00AM
696.45
0.04%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research The board of HEG has approved a proposal to buy back up to 13,63,636 equity shares comprising 3.41% of the total paid-up equity share capital for an aggregate amount not exceeding | 750 crore. The buyback price has been fixed at | 5500/share. The buyback would be done through the tender offer route and is subject to approval of the shareholders by means of a special resolution through a postal ballot. The public announcement setting out the process, timelines and other requisite...
Number of FIIs/FPIs holding stock fell by 20 to 108 in Sep 2020 qtr.
HEG Ltd.    
09 Nov 2018
696.45
0.04%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research HEG again reported a stellar performance in Q2FY19 marked by sustained healthy realisation, lower raw material cost. Capacity utilisation was at ~85%. Revenue from operation was at | 1793.8 crore (up 338% YoY, 13% QoQ), higher than our estimate of | 1589.3 crore The company reported a strong EBITDA of | 1368.8 crore, higher than our estimate of | 1017 crore. Resultant EBITDA margin was at 76.3% (vs. Q2FY18: 46.3%, Q1FY19:74.8% and our estimate of 64%)...
default
HEG Ltd. is trading below all available SMAs
HEG Ltd.    
07 Aug 2018
696.45
0.04%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research HEG has been one of the good wealth creators for investors with the stock price nearly multiplying ~9x since our Company Update in August2017. Strong demand for graphite electrodes from the EAF steel making route amid supply constraints has led to a sharp increase in graphite electrodes prices thereby resulting in healthy profitability. The continued...
HEG Ltd. has lost -29.23% in the last 1 Year
HEG Ltd.    
02 Aug 2018
696.45
0.04%
ICICI Securities Limited
HEG reported a stellar performance wherein profitability was above our estimates. The company reported a capacity utilisation of 82% (vs. our estimate of 85%). Topline came in at | 1587 crore (up 673% YoY, 23% QoQ) in line with our estimate of | 1537.7 crore Raw material cost as a percentage of sales came in at 13% (vs. our estimate of 20.4%, Q4FY18: 11.3%). The resultant gross margin was at 87.0% (vs. our estimate of 79.6%, Q4FY18: 88.7%) EBITDA came in at a robust | 1188 crore vs. our estimate of | 1025.1...
HEG Ltd. has an average target of 750.00 from 1 broker.