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HEG
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Recent events
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India's HEG jumps to 7-week high after fundraise announcement
** Shares of India's HEG HEGL.NS jump nearly 8% to hit a seven-week high of 417.35 rupees
** Stock on course for biggest daily pct gain in more than three months, if the current trend holds
** Co's associate firm Bhilwara Energy approves raising up to 5 billion rupees ($57.2 million) from ace investor Madhusudan Kela-backed Singularity AMC and others
** Co also approves modified scheme of arrangement to demerge graphite business into a separate entity, and merge Bhilwara Energy with itself
** Fundraise to help create HEG Greentech, to be listed after scheme of arrangement, focusing on power assets, battery-grade anode materials, and graphene and advanced battery systems manufacturing
** Nearly 5 million shares trade on the day, 2.2x 6-month avg volume
** HEGL stock has dropped 18%, YTD
(Reporting by Vivek Kumar M)
(([email protected];))
** Shares of India's HEG HEGL.NS jump nearly 8% to hit a seven-week high of 417.35 rupees
** Stock on course for biggest daily pct gain in more than three months, if the current trend holds
** Co's associate firm Bhilwara Energy approves raising up to 5 billion rupees ($57.2 million) from ace investor Madhusudan Kela-backed Singularity AMC and others
** Co also approves modified scheme of arrangement to demerge graphite business into a separate entity, and merge Bhilwara Energy with itself
** Fundraise to help create HEG Greentech, to be listed after scheme of arrangement, focusing on power assets, battery-grade anode materials, and graphene and advanced battery systems manufacturing
** Nearly 5 million shares trade on the day, 2.2x 6-month avg volume
** HEGL stock has dropped 18%, YTD
(Reporting by Vivek Kumar M)
(([email protected];))
HEG Says Bhilwara Energy Approves Fund Raise Of Up To 5 Billion Rupees
March 10 (Reuters) - HEG Ltd HEGL.NS:
HEG LTD - BHILWARA ENERGY APPROVES FUND RAISE OF UP TO 5 BILLION RUPEES
HEG LTD - INVESTMENT TO SUPPORT CREATION OF HEG GREENTECH PLATFORM
HEG LTD - GREENTECH TO BE LISTED AFTER DEMERGER AND MERGER
HEG LTD - CAPITAL TO DRIVE ORGANIC GROWTH AND NEW PROJECTS
Source text: ID:nBSE4x3sFc
Further company coverage: HEGL.NS
(([email protected];))
March 10 (Reuters) - HEG Ltd HEGL.NS:
HEG LTD - BHILWARA ENERGY APPROVES FUND RAISE OF UP TO 5 BILLION RUPEES
HEG LTD - INVESTMENT TO SUPPORT CREATION OF HEG GREENTECH PLATFORM
HEG LTD - GREENTECH TO BE LISTED AFTER DEMERGER AND MERGER
HEG LTD - CAPITAL TO DRIVE ORGANIC GROWTH AND NEW PROJECTS
Source text: ID:nBSE4x3sFc
Further company coverage: HEGL.NS
(([email protected];))
HEG, Graphite India extend gains after China announces export curbs
** Shares of Indian graphite electrode makers extend gains to second session, among top pct gainers in Nifty 500 .NIFTY500
** Gains after China announced export curbs of "dual-use items" related to graphite and other superhard materials to U.S.
** HEG HEGL.NS jumps 12%, trading vols 34x 30-day avg in busiest session since listing in May 1995
** Graphite India GRPH.NS rises ~6%, trading vols 14x 30-day avg in busiest session in nearly three months
** HEGL and GRPH both rated "strong buy" on avg, rose 14% and 9%, respectively, on Tuesday
** HEGL up ~46% YTD, outperforming ~9% gains in GRPH
(Reporting by Vijay Malkar and Hritam Mukherjee)
(([email protected];))
** Shares of Indian graphite electrode makers extend gains to second session, among top pct gainers in Nifty 500 .NIFTY500
** Gains after China announced export curbs of "dual-use items" related to graphite and other superhard materials to U.S.
** HEG HEGL.NS jumps 12%, trading vols 34x 30-day avg in busiest session since listing in May 1995
** Graphite India GRPH.NS rises ~6%, trading vols 14x 30-day avg in busiest session in nearly three months
** HEGL and GRPH both rated "strong buy" on avg, rose 14% and 9%, respectively, on Tuesday
** HEGL up ~46% YTD, outperforming ~9% gains in GRPH
(Reporting by Vijay Malkar and Hritam Mukherjee)
(([email protected];))
India's graphite makers jump on China's export ban to US
** Shares of HEG HEGL.NS and Graphite India GRPH.NS jump 15% and 9%, respectively
** Stock top gainers in Nifty 500 index .NIFTY500 which is up by about 0.8%; HEG set for highest one-day pct gain since June 2023
** China will ban exports of "dual-use items" related to gallium, germanium, antimony and superhard materials to the U.S. with immediate effect, its commerce ministry said
** The ministry's directive also requires a stricter review of end-usage for graphite dual-use items shipped to the United States
** HEG and Graphite India are country's top producers of the material
** HEG shares up 31%, while GRPH up 3% YTD
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of HEG HEGL.NS and Graphite India GRPH.NS jump 15% and 9%, respectively
** Stock top gainers in Nifty 500 index .NIFTY500 which is up by about 0.8%; HEG set for highest one-day pct gain since June 2023
** China will ban exports of "dual-use items" related to gallium, germanium, antimony and superhard materials to the U.S. with immediate effect, its commerce ministry said
** The ministry's directive also requires a stricter review of end-usage for graphite dual-use items shipped to the United States
** HEG and Graphite India are country's top producers of the material
** HEG shares up 31%, while GRPH up 3% YTD
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Heg Sept-Quarter Consol Profit 822.8 Mln Rupees
Nov 13 (Reuters) - HEG Ltd HEGL.NS:
SEPT-QUARTER CONSOL PROFIT 822.8 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.68 BILLION RUPEES
APPOINTS RAVI KANT TRIPATHI AS CFO
Source text: ID:nBSE643LqG
Further company coverage: HEGL.NS
(([email protected];;))
Nov 13 (Reuters) - HEG Ltd HEGL.NS:
SEPT-QUARTER CONSOL PROFIT 822.8 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.68 BILLION RUPEES
APPOINTS RAVI KANT TRIPATHI AS CFO
Source text: ID:nBSE643LqG
Further company coverage: HEGL.NS
(([email protected];;))
India's HEG rises after investment in GrafTech International
** Shares of HEG Ltd HEGL.NS rise as much as 6% to 2,361.95 rupees
** Graphite electrodes maker has invested 2.49 bln rupees ($29.7 mln) in graphite products maker GrafTech International EAF.N for an 8.23% stake
** Stock on track to snap four days of losses
** More than 345,000 shares traded as of 11:02 a.m. IST, vs their 30-day moving avg of 493,313 shares
** HEGL last up 4.9%, adding to YTD gains of 22.4% so far
($1 = 83.9500 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of HEG Ltd HEGL.NS rise as much as 6% to 2,361.95 rupees
** Graphite electrodes maker has invested 2.49 bln rupees ($29.7 mln) in graphite products maker GrafTech International EAF.N for an 8.23% stake
** Stock on track to snap four days of losses
** More than 345,000 shares traded as of 11:02 a.m. IST, vs their 30-day moving avg of 493,313 shares
** HEGL last up 4.9%, adding to YTD gains of 22.4% so far
($1 = 83.9500 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Heg Invested In Shares Of Graftech International
Oct 7 (Reuters) - HEG Ltd HEGL.NS:
HEG - INVESTED IN SHARES OF GRAFTECH INTERNATIONAL
HEG LTD - INVESTED IN GRAFTECH INTERNATIONAL FOR 2.49 BILLION RUPEES
HEG - CO HAS ACQUIRED 8.23% STAKE IN SHARES OF GRAFTECH INTERNATIONAL
Source text for Eikon: ID:nBSEfkwFv
Further company coverage: HEGL.NS
(([email protected];))
Oct 7 (Reuters) - HEG Ltd HEGL.NS:
HEG - INVESTED IN SHARES OF GRAFTECH INTERNATIONAL
HEG LTD - INVESTED IN GRAFTECH INTERNATIONAL FOR 2.49 BILLION RUPEES
HEG - CO HAS ACQUIRED 8.23% STAKE IN SHARES OF GRAFTECH INTERNATIONAL
Source text for Eikon: ID:nBSEfkwFv
Further company coverage: HEGL.NS
(([email protected];))
HEG Says CFO Gulshan Kumar Sakhuja Resigns
Sept 16 (Reuters) - HEG Ltd HEGL.NS:
CFO GULSHAN KUMAR SAKHUJA RESIGNS
Source text for Eikon: ID:nBSE8k5njB
Further company coverage: HEGL.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Sept 16 (Reuters) - HEG Ltd HEGL.NS:
CFO GULSHAN KUMAR SAKHUJA RESIGNS
Source text for Eikon: ID:nBSE8k5njB
Further company coverage: HEGL.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Indian graphite electrodes maker HEG falls on Q1 profit slump
** Shares of graphite electrodes maker HEG HEGL.NS drop 8% to 1,995 rupees, set for worst day in over two months
** Co's June-qtr consol profit plummets 83%, rev from ops drops 15%
** Co approves sub-division of one share into five
** HEGL on track to snap three-day gaining streak
** Traded vol is 1.5x times the 30-day avg
** Stock up ~4% YTD
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of graphite electrodes maker HEG HEGL.NS drop 8% to 1,995 rupees, set for worst day in over two months
** Co's June-qtr consol profit plummets 83%, rev from ops drops 15%
** Co approves sub-division of one share into five
** HEGL on track to snap three-day gaining streak
** Traded vol is 1.5x times the 30-day avg
** Stock up ~4% YTD
(Reporting by Dimpal Gulwani in Bengaluru)
India's HEG plunges on weak results, demerger of graphite business
** Shares of HEG HEGL.NS down 9.06% at 2443.5 rupees
** The graphite and power equipments maker's March-qtr consol profit fell 67% y/y, rev from ops down over 11%
** Co approves demerger of its graphite business into seperate entity, graphite business accounts for 80% of the co's rev
** Stock on track to snap four consecutive sessions of gains
** Logs steepest one-day pct decline since Feb. 2022, if trends hold
** Including session's loss, stock up ~27% YTD
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of HEG HEGL.NS down 9.06% at 2443.5 rupees
** The graphite and power equipments maker's March-qtr consol profit fell 67% y/y, rev from ops down over 11%
** Co approves demerger of its graphite business into seperate entity, graphite business accounts for 80% of the co's rev
** Stock on track to snap four consecutive sessions of gains
** Logs steepest one-day pct decline since Feb. 2022, if trends hold
** Including session's loss, stock up ~27% YTD
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Graphite India extends losses on drop in quarterly profit
** Shares of Graphite India GRPH.NS fall as much as 5.2% to 615.2 rupees, hitting their lowest level since April 1
** Electrode maker's Q4 consolidated net profit falls 45%, rev down nearly 12%
** GRPH was down around 2% ahead of results
** Stock set to end lower for a seventh straight session, falling around 10% in that period
** GRPH is up nearly 13% YTD vs a 25.5% rise in peer HEG LtdHEGL.NS
(Reporting by Nishit Navin)
(([email protected];))
** Shares of Graphite India GRPH.NS fall as much as 5.2% to 615.2 rupees, hitting their lowest level since April 1
** Electrode maker's Q4 consolidated net profit falls 45%, rev down nearly 12%
** GRPH was down around 2% ahead of results
** Stock set to end lower for a seventh straight session, falling around 10% in that period
** GRPH is up nearly 13% YTD vs a 25.5% rise in peer HEG LtdHEGL.NS
(Reporting by Nishit Navin)
(([email protected];))
Indian graphite electrode makers jump after Jefferies target price hikes
** Shares of electrode makers Graphite India Ltd GRPH.NS up 8.6% and HEG Ltd HEGL.NS up 6.1%
** HEGL snaps 3-day losing run, GRPH posts biggest daily rise so far this year
** Jefferies, the only brokerage covering HEGL raises PT to 2,300 rupees from 2,110 rupees, while upping GRPH's PT to 650 rupees and maintaining "buy" for both stocks
** Brokerage expects the companies to benefit from demand in newer verticals, including battery technologies for EVs
** GRPH turns YTD positive, up ~2%, while HEGL trims YTD losses to under 10%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of electrode makers Graphite India Ltd GRPH.NS up 8.6% and HEG Ltd HEGL.NS up 6.1%
** HEGL snaps 3-day losing run, GRPH posts biggest daily rise so far this year
** Jefferies, the only brokerage covering HEGL raises PT to 2,300 rupees from 2,110 rupees, while upping GRPH's PT to 650 rupees and maintaining "buy" for both stocks
** Brokerage expects the companies to benefit from demand in newer verticals, including battery technologies for EVs
** GRPH turns YTD positive, up ~2%, while HEGL trims YTD losses to under 10%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
India's HEG slips on Q3 profit fall
** Shares of HEG Ltd HEGL.NS fall as much as 7.2% to 1,635 rupees, lowest since Nov. 30
** Stock on track for fifth consecutive session of falls, if trend holds
** The electrical components maker said on Monday its Q3 consol profit fell 58% as total expenses surged
** HEGL marks fifth consecutive quarterly profit fall
** More than 341,700 shares change hands, 1x its 30-day avg
** Stock down ~6% so far in Feb.
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of HEG Ltd HEGL.NS fall as much as 7.2% to 1,635 rupees, lowest since Nov. 30
** Stock on track for fifth consecutive session of falls, if trend holds
** The electrical components maker said on Monday its Q3 consol profit fell 58% as total expenses surged
** HEGL marks fifth consecutive quarterly profit fall
** More than 341,700 shares change hands, 1x its 30-day avg
** Stock down ~6% so far in Feb.
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
HEG Dec-Qtr Consol Profit Falls
Feb 12 (Reuters) - HEG Ltd HEGL.NS:
HEG DEC-QUARTER CONSOL PROFIT 436.7 MILLION RUPEES VERSUS PROFIT 1.05 BILLION RUPEES
HEG DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.62 BILLION RUPEES VERSUS 5.30 BILLION RUPEES
Source text for Eikon: ID:nBSE72VhKZ
Further company coverage: HEGL.NS
(([email protected];;))
Feb 12 (Reuters) - HEG Ltd HEGL.NS:
HEG DEC-QUARTER CONSOL PROFIT 436.7 MILLION RUPEES VERSUS PROFIT 1.05 BILLION RUPEES
HEG DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.62 BILLION RUPEES VERSUS 5.30 BILLION RUPEES
Source text for Eikon: ID:nBSE72VhKZ
Further company coverage: HEGL.NS
(([email protected];;))
HEG Approves Investment Upto 2 Billion Rupees In Securities Of Listed Indian Cos Or Overseas Cos/Body Corporates
Jan 23 (Reuters) - HEG Ltd HEGL.NS:
APPROVED INVESTMENT UPTO 2 BILLION RUPEES IN SECURITIES OF LISTED INDIAN COS OR OVERSEAS COS/BODY CORPORATES
INVESTMENT WILL BE MADE THROUGH SECONDARY MARKET TRANSACTIONS/OVERSEAS PORTFOLIO INVESTMENT SCHEME
Source text for Eikon: ID:nBSETfPlp
Further company coverage: HEGL.NS
(([email protected];))
Jan 23 (Reuters) - HEG Ltd HEGL.NS:
APPROVED INVESTMENT UPTO 2 BILLION RUPEES IN SECURITIES OF LISTED INDIAN COS OR OVERSEAS COS/BODY CORPORATES
INVESTMENT WILL BE MADE THROUGH SECONDARY MARKET TRANSACTIONS/OVERSEAS PORTFOLIO INVESTMENT SCHEME
Source text for Eikon: ID:nBSETfPlp
Further company coverage: HEGL.NS
(([email protected];))
Polycab, Supreme Industries Jefferies' top picks of Indian mid-caps
** Polycab India POLC.NS, Supreme Industries SUPI.NS are the top mid-cap picks for Jefferies, post September quarter earnings season
** Jefferies foresees capex and housing to continue to deliver healthy volume growth
** Brokerage also identifies Amber Enterprises AMBE.NS, Pidilite Industries PIDI.NS, Finolex Cables FNXC.NS among its top mid-cap picks
** Jefferies key earnings per share (EPS) downgrades from mid-cap segment: UPL UPLL.NS, Graphite India GRPH.NS, HEG HEGL.NS, Crompton Greaves Consumer Electricals CROP.NS, Whirlpool of India WHIR.NS
** "Healthy operating margin expansion drove 44% year-on-year profit growth in our small- and mid-cap coverage," says Jefferies
** The Nifty Mid-cap 100 .NIFMDCP100 has gained 33.2% in 2023 so far, while small-caps .NIFSMCP100 have jumped 42.4%, outperforming benchmark Nifty's .NSEI 9.23% rise
** Both mid- and small-caps are at record highs
Jefferies' top Indian mid-cap picks https://tmsnrt.rs/46sNpum
Small-, mid-caps outperform India's Nifty in 2023 https://tmsnrt.rs/3sHGNKS
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Polycab India POLC.NS, Supreme Industries SUPI.NS are the top mid-cap picks for Jefferies, post September quarter earnings season
** Jefferies foresees capex and housing to continue to deliver healthy volume growth
** Brokerage also identifies Amber Enterprises AMBE.NS, Pidilite Industries PIDI.NS, Finolex Cables FNXC.NS among its top mid-cap picks
** Jefferies key earnings per share (EPS) downgrades from mid-cap segment: UPL UPLL.NS, Graphite India GRPH.NS, HEG HEGL.NS, Crompton Greaves Consumer Electricals CROP.NS, Whirlpool of India WHIR.NS
** "Healthy operating margin expansion drove 44% year-on-year profit growth in our small- and mid-cap coverage," says Jefferies
** The Nifty Mid-cap 100 .NIFMDCP100 has gained 33.2% in 2023 so far, while small-caps .NIFSMCP100 have jumped 42.4%, outperforming benchmark Nifty's .NSEI 9.23% rise
** Both mid- and small-caps are at record highs
Jefferies' top Indian mid-cap picks https://tmsnrt.rs/46sNpum
Small-, mid-caps outperform India's Nifty in 2023 https://tmsnrt.rs/3sHGNKS
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Heg Ltd Sept-Quarter Consol Profit Falls
Nov 8 (Reuters) - HEG Ltd HEGL.NS:
INDIA'S HEG LTD SEPT-QUARTER CONSOL PROFIT 959.8 MILLION RUPEES VERSUS PROFIT 1.69 BILLION RUPEES
HEG LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.14 BILLION RUPEES VERSUS 5.98 BILLION RUPEES
HEG LTD - EXPANSION PROJECT TO INCREASE EXISTING CAPACITY FROM 80,000 TONS TO 1,00,000 TONS FULLY COMPLETE, NEW FACILITY IS OPERATING SMOOTHLY
HEG LTD - APPROVED IMPLEMENTATION OF PRODUCTION CAPACITY OF UNIT OF GRAPHITE ANODE
Source text for Eikon: ID:nNSE5QCjPR
Further company coverage: HEGL.NS
(([email protected];))
Nov 8 (Reuters) - HEG Ltd HEGL.NS:
INDIA'S HEG LTD SEPT-QUARTER CONSOL PROFIT 959.8 MILLION RUPEES VERSUS PROFIT 1.69 BILLION RUPEES
HEG LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.14 BILLION RUPEES VERSUS 5.98 BILLION RUPEES
HEG LTD - EXPANSION PROJECT TO INCREASE EXISTING CAPACITY FROM 80,000 TONS TO 1,00,000 TONS FULLY COMPLETE, NEW FACILITY IS OPERATING SMOOTHLY
HEG LTD - APPROVED IMPLEMENTATION OF PRODUCTION CAPACITY OF UNIT OF GRAPHITE ANODE
Source text for Eikon: ID:nNSE5QCjPR
Further company coverage: HEGL.NS
(([email protected];))
India's HEG June-Quarter Consol Profit Falls
Aug 11 (Reuters) - HEG Ltd HEGL.NS:
INDIA'S HEG JUNE-QUARTER CONSOL PROFIT 1.39 BILLION RUPEES VERSUS PROFIT 1.59 BILLION RUPEES
HEG LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES VERSUS 7.22 BILLION RUPEES
HEG LTD - HAD UNDERTAKEN EXPANSION PROJECT TO INCREASE EXISTING CAPACITY FROM 80000 TONS TO 100000 TONS
HEG LTD - EXPANSION PROJECT NOW COMPLETE WITH 4 OF 5 PROCESSES ALREADY IN PRODUCTION SINCE PAST FEW MONTHS
HEG LTD - EXPECT REMAINING PROCESS TO BE COMMISSIONED BEFORE END OF SEPTEMBER, 2023
Source text for Eikon: ID:nBSEVVR0w
Further company coverage: HEGL.NS
(([email protected];))
Aug 11 (Reuters) - HEG Ltd HEGL.NS:
INDIA'S HEG JUNE-QUARTER CONSOL PROFIT 1.39 BILLION RUPEES VERSUS PROFIT 1.59 BILLION RUPEES
HEG LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES VERSUS 7.22 BILLION RUPEES
HEG LTD - HAD UNDERTAKEN EXPANSION PROJECT TO INCREASE EXISTING CAPACITY FROM 80000 TONS TO 100000 TONS
HEG LTD - EXPANSION PROJECT NOW COMPLETE WITH 4 OF 5 PROCESSES ALREADY IN PRODUCTION SINCE PAST FEW MONTHS
HEG LTD - EXPECT REMAINING PROCESS TO BE COMMISSIONED BEFORE END OF SEPTEMBER, 2023
Source text for Eikon: ID:nBSEVVR0w
Further company coverage: HEGL.NS
(([email protected];))
India's HEG falls on drop in March-quarter profit
** Shares of HEG Ltd HEGL.NS fall as much as 7.75% after co reports 23% YoY fall in March-qtr consolidated profit
** Consolidated revenue from operations also falls 8%
** Core profit down 21.3%, core profit margin contracts to 20.1%
** Co says it will further invest in equity shares of unit TACC up to 900 mln rupees
** Stock posts steepest intraday pct decline in 15 months
** Stock is most active in nearly three weeks, with a trading volume of ~674,000 shares as of 2:03 p.m. IST - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of HEG Ltd HEGL.NS fall as much as 7.75% after co reports 23% YoY fall in March-qtr consolidated profit
** Consolidated revenue from operations also falls 8%
** Core profit down 21.3%, core profit margin contracts to 20.1%
** Co says it will further invest in equity shares of unit TACC up to 900 mln rupees
** Stock posts steepest intraday pct decline in 15 months
** Stock is most active in nearly three weeks, with a trading volume of ~674,000 shares as of 2:03 p.m. IST - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's HEG March-Qtr Consol Profit Falls
May 22 (Reuters) - HEG Ltd HEGL.NS:
FINAL DIVIDEND 42.5 RUPEES PER SHARE
MARCH-QUARTER CONSOL PROFIT 997.2 MILLION RUPEES VERSUS 1.29 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.17 BILLION RUPEES VERSUS 6.73 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: HEGL.NS
(([email protected];))
May 22 (Reuters) - HEG Ltd HEGL.NS:
FINAL DIVIDEND 42.5 RUPEES PER SHARE
MARCH-QUARTER CONSOL PROFIT 997.2 MILLION RUPEES VERSUS 1.29 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.17 BILLION RUPEES VERSUS 6.73 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: HEGL.NS
(([email protected];))
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What does HEG do?
HEG Limited is a prominent manufacturer and exporter of graphite electrodes in India, operating the world's largest integrated graphite electrodes plant with a focus on research and development collaborations.
Who are the competitors of HEG?
HEG major competitors are Graphite India, Sree Rayal.Hi-Strent, Panasonic Carbon, Tega Industries, GMR Power and Urban, Praj Industries, Lloyds Engr Works. Market Cap of HEG is ₹9,249 Crs. While the median market cap of its peers are ₹9,388 Crs.
Is HEG financially stable compared to its competitors?
HEG seems to be less financially stable compared to its competitors. Altman Z score of HEG is 6.19 and is ranked 4 out of its 8 competitors.
Does HEG pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. HEG latest dividend payout ratio is 27.86% and 3yr average dividend payout ratio is 31.5%
How has HEG allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is HEG balance sheet?
Balance sheet of HEG is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of HEG improving?
No, profit is decreasing. The profit of HEG is ₹195 Crs for TTM, ₹312 Crs for Mar 2024 and ₹532 Crs for Mar 2023.
Is the debt of HEG increasing or decreasing?
Yes, The debt of HEG is increasing. Latest debt of HEG is ₹411 Crs as of Sep-24. This is greater than Mar-24 when it was -₹200.97 Crs.
Is HEG stock expensive?
Yes, HEG is expensive. Latest PE of HEG is 41.73, while 3 year average PE is 35.88. Also latest EV/EBITDA of HEG is 37.45 while 3yr average is 34.26.
Has the share price of HEG grown faster than its competition?
HEG has given better returns compared to its competitors. HEG has grown at ~21.57% over the last 3yrs while peers have grown at a median rate of 7.88%
Is the promoter bullish about HEG?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in HEG is 55.78% and last quarter promoter holding is 55.78%.
Are mutual funds buying/selling HEG?
The mutual fund holding of HEG is decreasing. The current mutual fund holding in HEG is 8.91% while previous quarter holding is 9.7%.