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Bearish
1
Neutral
8
Bullish
5
Bearish
27
Neutral
8
Bullish
11
Bearish
26
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Discovery themes featuring this stock
HEG Limited is a leading Indian manufacturer and exporter of graphite electrodes, operating the world’s largest single‑site integrated plant at Mandideep with 100,000 tpa capacity, captive power and a long history within the LNJ Bhilwara Group; the company exports roughly two‑thirds of production to over 35 countries and supplies top global steelmakers.
HEG has expanded capacity from 80,000 tpa to 100,000 tpa (operational since Nov 2023) and announced a brownfield addition of 15,000 tpa to reach 115,000 tpa by early 2028, while reporting industry‑leading utilizations of ~85% in the prior quarter and ~89% across three quarters, and a product mix of about 70–75% Ultra High Power electrodes.
For the nine months ended December 2025 HEG reported standalone revenue of Rs.1,965 crore and standalone PAT of Rs.344 crore, with consolidated nine‑month PAT of Rs.455 crore; Q3 standalone EBITDA margin improved to 32%, the company remains long‑term debt free and holds investments and treasury balances of approximately Rs.1,155 crore.
The medium‑term demand thesis rests on a secular shift to electric arc furnace steelmaking outside China, which management estimates could raise electrode demand by roughly 150,000–200,000 tonnes by 2030; near‑term headwinds include Chinese export pressure, tariff variability (notably US duties) and needle coke feedstock volatility which affect pricing and margins.
Industrial Products
Electrodes & Refractories
10,082 Cr
High Risk
29.5
37.3
0.9
2.1
685.10
459.85
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
610.00 | 11,951 Cr | 68.29 | 2.04 | 1.14 | 2.99 | 4.32 | 2.26 | ||
522.00 | 10,082 Cr | 29.54 | 2.12 | 0.65 | 7.17 | 8.00 | 5.54 | ||
468.25 | 9,489 Cr | 36.41 | 5.70 | 0.32 | 15.87 | 21.32 | 12.12 | ||
388.10 | 8,014 Cr | -20.93 | 2.25 | 0.64 | 3.09 | 6.82 | -7.88 | ||
1257.00 | 5,709 Cr | 104.18 | 23.35 | 0.08 | 22.41 | 28.15 | 19.30 | ||
764.85 | 1,662 Cr | 72.19 | 12.72 | 0.00 | 17.62 | 22.80 | 15.85 | ||
179.00 | 1,290 Cr | 37.18 | 1.10 | 1.20 | 3.15 | 4.78 | 2.07 | ||
| Median: 7 Co. | — | 522.00 | 8,014 Cr | 37.18 | 2.25 | 0.64 | 7.17 | 8.00 | 5.54 |
HEG Ltd (HEG) is currently trading at 521.85 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
HEG Limited is a leading Indian manufacturer and exporter of graphite electrodes, operating the world’s largest single‑site integrated plant at Mandideep with 100,000 tpa capacity, captive power and a long history within the LNJ Bhilwara Group; the company exports roughly two‑thirds of production to over 35 countries and supplies top global steelmakers. HEG has expanded capacity from 80,000 tpa to 100,000 tpa (operational since Nov 2023) and announced a brownfield addition of 15,000 tpa to reach 115,000 tpa by early 2028, while reporting industry‑leading utilizations of ~85% in the prior quarter and ~89% across three quarters, and a product mix of about 70–75% Ultra High Power electrodes. For the nine months ended December 2025 HEG reported standalone revenue of Rs.1,965 crore and standalone PAT of Rs.344 crore, with consolidated nine‑month PAT of Rs.455 crore; Q3 standalone EBITDA margin improved to 32%, the company remains long‑term debt free and holds investments and treasury balances of approximately Rs.1,155 crore. The medium‑term demand thesis rests on a secular shift to electric arc furnace steelmaking outside China, which management estimates could raise electrode demand by roughly 150,000–200,000 tonnes by 2030; near‑term headwinds include Chinese export pressure, tariff variability (notably US duties) and needle coke feedstock volatility which affect pricing and margins.
Over the past 52 weeks, HEG Ltd has traded between a low of ₹459.85 and a high of ₹685.10. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
HEG Ltd has a market capitalization of approximately 10,082.11. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
HEG Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 29.54 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 10,082.11 Cr, HEG Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
HEG Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of HEG Ltd is 29.54. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
They approved a Composite Scheme of Arrangement among HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited under Sections 230 to 232 of the Companies Act, 2013.
They approved a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited at NCLT-convened meetings.
Stakeholders approved the Composite Scheme of Arrangement among HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited.
HEG said the Middle East and North Africa (MENA) region accounts for about 20% of its sales.
Scheme of Arrangement
HEG Ltd informed that the NCLT, Indore Bench, has reserved its order in Company Scheme Petition No. C.P.(CAA)/3/MP/2026 during the hearing held on July 2, 2026; the order is awaited and will be intimated upon pronouncement.
AGM/EGM Notice
HEG Ltd published a newspaper notice that its 54th AGM will be held on 29 July 2026 at 12:00 Noon via VC/OAVM; remote e-voting 25-28 July; book closure 23-29 July; cut-off/record date 22 July; Board recommended final dividend of Rs.3.40/share.
AGM/EGM Notice
HEG Ltd will hold its 54th AGM on 29th July, 2026 through VC/OAVM; the Board has recommended a Final Dividend of Rs.3.40 per Equity Share (face value Rs.2) for FY 2025-26; remote e-voting and book-closure details provided.
