NSE: HEGAM | BSE: 509631

Value Stock, Under Radar

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238.25 -1.75 (-0.73%)

68.40% Fall from 52W High

748.5K NSE+BSE Volume

NSE 29 Sep, 2026 3:31 PM (IST)

4,597.7

Market Cap

Below industry Median

Beta 1Year

Very High Volatility

HEG Advanced Materials Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HEGAM, BSE:509631 HEG Advanced Materials Ltd.

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HEG Advanced Materials Ltd.

27 Jul 2026

238.25

-0.73%

HEG Ltd.

Buy: HEG Advanced Materials Ltd.

Target

ICICI Direct

HEG Advanced Materials has lost -67.69% in the last 1 Month

HEG Advanced Materials Ltd.

18 Feb 2026

238.25

-0.73%

HEG Ltd.

Buy: HEG Advanced Materials Ltd.

ICICI Direct

We maintain a positive view on HEG, supported by the global transition toward EAF-based steelmaking and capacity expansion led growth prospects ahead. We reiterate a BUY rating with a revised target price of 635, valuing it on SoTP basis, i.e. 10x EV/EBITDA to core graphite...

Number of FII/FPI investors decreased from 172 to 163 in Jun 2026 qtr

HEG Advanced Materials Ltd.

17 Sep 2024

238.25

-0.73%

HEG Ltd.

Buy: HEG Advanced Materials Ltd.

Target

ICICI Direct

HEG Advanced Materials has lost -52.98% in the last 1 Year

HEG Advanced Materials Ltd.

21 Mar 2024

238.25

-0.73%

HEG Ltd.

Buy: HEG Advanced Materials Ltd.

Target

ICICI Direct

HEG Advanced Materials has lost -58.37% in the last 6 Months

HEG Advanced Materials Ltd.

18 Nov 2022

238.25

-0.73%

HEG Limited

Buy: HEG Advanced Materials Ltd.

Recommendation Target

ICICI Direct

HEG Advanced Materials has lost -58.37% in the last 6 Months

HEG Advanced Materials Ltd.

18 Aug 2022

238.25

-0.73%

HEG Limited

Hold: HEG Advanced Materials Ltd.

ICICI Direct

HEG Advanced Materials has lost -58.37% in the last 6 Months

HEG Advanced Materials Ltd.

07 Jun 2021

238.25

-0.73%

HEG Limited

Buy: HEG Advanced Materials Ltd.

Recommendation Target

ICICI Securities Limited

Over the last few months, there has been a healthy uptick in global steel prices as well as global steel production levels. Graphite electrode players are likely to be one of the key beneficiaries of the current upcycle in steel. During the first four months of CY21, global crude steel production witnessed healthy growth, auguring well for graphite electrode majors. During January-April 2021, global steel production was at 663 million tonnes (MT), up 13.7% YoY. In addition to higher global steel output, steel prices witnessed healthy strength. Both above-mentioned factors, higher global...

Number of FII/FPI investors decreased from 172 to 163 in Jun 2026 qtr

HEG Advanced Materials Ltd.

18 Aug 2020

238.25

-0.73%

HEG Limited

Hold: HEG Advanced Materials Ltd.

Target

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...

HEG Advanced Materials has lost -52.98% in the last 1 Year

HEG Advanced Materials Ltd.

23 Jun 2020

238.25

-0.73%

HEG Limited

Hold: HEG Advanced Materials Ltd.

Recommendation

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 Advanced Materia.. has an average target of 750.00 from 1 broker.

HEG Advanced Materials Ltd.

19 Aug 2019

238.25

-0.73%

HEG Limited

Sell: HEG Advanced Materials Ltd.

Target

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 FII/FPI investors decreased from 172 to 163 in Jun 2026 qtr

Is HEG Ltd. worth buying?

1121 Votes:

Buy 79.21%

Sell 12.49%

Hold 8.3%

RESEARCH REPORTS

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