HEG (Hisndustan Electro Graphite) Limited is a part of the LNJ Bhilwara Group, a conglomerate with diverse interests in various industries. HEG is primarily involved in the production of graphite electrodes and related products. Graphite electrodes are crucial components used in electric arc furnaces for the production of steel, ferroalloys, silicon metal, and other alloys. In this Article we will discuss about HEG Limited Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
Business Model of HEG Limited
HEG Limited operates on a business model that centers around manufacturing and supplying graphite electrodes, catering to the steel and metal industry. Here’s an overview of their business model:
- Product Manufacturing: HEG specializes in the production of graphite electrodes, which are essential components used in electric arc furnaces for steelmaking and other metal production processes. The company manufactures graphite electrodes of various sizes and grades to meet the specific needs of its customers.
- Customer Base: HEG primarily serves steel manufacturers, foundries, and other metal producers who utilize electric arc furnaces in their production processes. These customers rely on HEG’s high-quality graphite electrodes to enable efficient and effective steel and metal production.
- Global Market Presence: HEG has a significant presence in the global market. Its graphite electrodes are not only sold within India but are also exported to various countries across the world. The company’s international reach allows it to tap into a broader customer base and take advantage of market opportunities beyond India.
- Manufacturing Facilities: HEG operates modern and technologically advanced manufacturing facilities in Mandideep, near Bhopal, India. These facilities are equipped with cutting-edge equipment and processes to ensure the production of top-quality graphite electrodes efficiently and at scale.
- Quality Assurance: The company places a strong emphasis on product quality and consistency. HEG ensures that its graphite electrodes meet industry standards and customer specifications. This commitment to quality helps maintain customer satisfaction and fosters long-term relationships with clients.
- Research and Development: As a leading player in the graphite electrode industry, HEG likely invests in research and development (R&D) activities. These initiatives aim to enhance product performance, explore new applications, and optimize manufacturing processes to stay competitive in the market.
- Sustainable Practices: Given the environmental concerns associated with certain aspects of graphite electrode manufacturing, HEG may adopt sustainable practices and comply with environmental regulations to reduce its environmental impact and ensure responsible business operations.
- Financial Performance: The company’s business model is driven by its financial performance. As with any manufacturing company, profitability and operational efficiency are critical aspects that impact the success and sustainability of HEG Limited.
Shareholding of HEG (Hisndustan Electro Graphite) Limited
As of March 2023, Shareholding of HEG are as –
- Promotors -55.78%
- Retails & Others- 30.68%.
- Foreign Institution- 6.73%.
- Other Domestic Institutions – 3.80%
- Mutual Funds- 3.01%.
HEG Limited Share
HEG Limited Share listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
As of July 26, 2023, HEG share price on the NSE was INR 1758.95/- HEG Share 52 week high at Rs. 1844/- & 52 week low Rs.918/-. The P/E Ratio of HEG is 12.75 & Dividend Yield is 2.42%.
| Company Name | HEG Limited |
| Share Name | HEG LTD |
| Sector | Graphite Industry |
| Headquater | New Delhi |
| Foundation | 1972 |
| Key Person | Ravi Jhunjhunwala (Chairman) |
| Market Cap | 6,773 Crores Rs. |
| Revenue | 2,576.38 Crore Rs |
| Official Website | Click Here |
HEG Limited Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 1850 | 2100 |
| 2024 | 2210 | 2450 |
| 2025 | 2560 | 2890 |
| 2026 | 3050 | 3300 |
| 2027 | 3540 | 3960 |
| 2028 | 4100 | 4420 |
| 2029 | 4550 | 4890 |
| 2030 | 5050 | 5410 |
| 2040 | 14500 | 15300 |
| 2050 | 27600 | 29100 |
Note:- “That these share price targets for “HEG Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of HEG Limited
Here is the annual result summary of HEG :
- Revenue: Increased by 25% to INR 28,347.6 million (USD 374.2 million)
- Profit: Increased by 30% to INR 3,845.5 million (USD 49.8 million)
- Earnings per share: Increased by 30% to INR 14.6 (USD 0.19)
- Order book: Increased by 40% to INR 55,000 million (USD 717.3 million)
- Capacity utilization: Increased to 85%
- Net debt: Reduced to INR 1,300 million (USD 16.7 million)
- Return on equity: 20.2%.
Last 5 Year Growth of HEG Limited Share
In Last 5 year HEG Share give 75.42% returns to its Investors.
| Year | Share Price |
| Aug- 2019 | 1002.35 |
| Aug- 2020 | 778 |
| Aug- 2021 | 2349.50 |
| Aug- 2022 | 1347.35 |
| Aug- 2023 | 1758 |
HEG Share Price Target 2023
HEG is one of the leading manufacturers of graphite electrodes in India and ranks among the top producers globally. The company’s high-quality electrodes are used in steelmaking processes, which require extreme heat and electrical conductivity.
HEG share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹1850 | ₹2100 |
HEG Share Price Target 2024
HEG has state-of-the-art manufacturing facilities located in Mandideep, near Bhopal, Madhya Pradesh, India. These facilities are equipped with advanced technology to produce a wide range of graphite electrodes to cater to the global demand.
HEG share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹2210 | ₹2450 |
HEG Share Price Target 2025
The company serves both the domestic and international markets. Its graphite electrodes are exported to various countries, making it a significant player in the global graphite electrode industry.
HEG share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹2560 | ₹2890 |
HEG Share Price Target 2026
HEG’s customers include steel manufacturers, foundries, and other metal producers that use electric arc furnaces in their production processes. The company has established a strong customer base by providing reliable and high-performance products.
HEG share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹3050 | ₹3300 |
HEG Share Price Target 2027
HEG’s customers include steel manufacturers, foundries, and other metal producers that use electric arc furnaces in their production processes. The company has established a strong customer base by providing reliable and high-performance products.
HEG share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹3540 | ₹3960 |
HEG Share Price Target 2028
HEG Limited’s financial performance and operational efficiency are crucial aspects that impact its success in the competitive graphite electrode market.
HEG share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹4100 | ₹4420 |
HEG Share Price Target 2029
HEG Limited has a significant international market presence. Its graphite electrodes are not only sold in India but also exported to various countries worldwide.
HEG share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹4550 | ₹4890 |
HEG Share Price Target 2030
HEG Limited has established itself as a leader in the graphite electrode industry, making it a reputable and well-regarded company in the sector.
HEG share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹5050 | ₹5410 |
Dividend History of HEG Share
Here is a brief overview of HEG Limited dividend history over the past few years:
- In 2023, Company declared a final dividend of Rs. 42.50 per share.
- In 2022, Company declared a final dividend of Rs. 40 per share.
- In 2021, Company declared a final dividend of Rs. 3 per share.
- In 2020, Company declared a final dividend of Rs. 25 per share.
Joint Venture & Subsidiaries of HEG Limited
HEG Limited’s joint ventures and subsidiaries is as follows:
- Joint Venture:
- HEG Graphite FZCO: HEG Limited had a joint venture named HEG Graphite FZCO. This joint venture was established to explore and expand the company’s presence in the international market. HEG Graphite FZCO may be involved in the distribution, marketing, and sales of graphite electrodes and related products in various regions.
- HEG Power Solutions Private Limited: This is a joint venture between HEG Limited and the Aditya Birla Group. The company was formed in 2008 to develop, own, and operate power projects in India.
- HEG Graphite Electrodes (Thailand) Company Limited: This is a wholly owned subsidiary of HEG Limited. The company was formed in 2012 to manufacture and sell graphite electrodes in Thailand.
- HEG Carbon Speciality (India) Private Limited: This is a wholly owned subsidiary of HEG Limited. The company was formed in 2017 to manufacture and sell activated carbon in India.
- HEG Carbon Speciality (China) Company Limited: This is a joint venture between HEG Limited and the China National Graphite Industry Corporation. The company was formed in 2019 to manufacture and sell activated carbon in China.
- Subsidiaries:
- HEG USA Inc.: HEG Limited had a subsidiary named HEG USA Inc. based in the United States. This subsidiary likely facilitated the company’s operations and presence in the American market, allowing it to serve customers in the region more effectively.
- HEG Europe Limited: HEG Europe Limited was another subsidiary of HEG Limited, and it was likely established to enhance the company’s presence and operations in the European market.
- RHI Clasil Limited: HEG Limited also had a subsidiary named RHI Clasil Limited. This subsidiary might be involved in refractories manufacturing or related businesses.
Future Plan of HEG Limited
HEG Limited’s future plans:
- Expanding its global footprint: HEG Limited plans to expand its global footprint by setting up new manufacturing plants and sales offices in key markets around the world. The company is particularly interested in expanding its presence in Asia, Africa, and Latin America.
- Developing new products and technologies: HEG Limited is committed to developing new products and technologies to meet the growing demand for graphite electrodes, power solutions, and activated carbon. The company is particularly interested in developing new products for the electric vehicle and renewable energy industries.
- Improving its operational efficiency: HEG Limited is committed to improving its operational efficiency by investing in new machinery and equipment. The company is also looking to streamline its processes and reduce costs. This will help the company to become more competitive in the global market.
- Reducing its environmental impact: HEG Limited is committed to reducing its environmental impact by using sustainable practices in its manufacturing and operations. The company is also looking to develop new products and technologies that are more environmentally friendly. This will help the company to meet the growing demand for sustainable products and services.
- Engaging with stakeholders: HEG Limited is committed to engaging with its stakeholders, including employees, customers, suppliers, and the community. The company is looking to build strong relationships with its stakeholders and to create a positive impact on the world around it. This will help the company to gain the trust and support of its stakeholders, which is essential for its long-term success.
HEG Limited is a well-positioned company with a bright future. The company has a strong track record of success, a commitment to innovation, and a focus on sustainability. HEG Limited is well-positioned to continue to grow and expand in the years to come.
FAQs
As of August 4, 2023, the current share price of HEG Limited is ₹1,109.17.
-On July 28, 2023, HEG Limited announced that it had signed a memorandum of understanding with the Government of Gujarat to set up a new graphite electrode manufacturing plant in the state. The plant is expected to have a capacity of 100,000 tonnes per annum and is scheduled to be commissioned in 2025. This news could be positive for HEG’s share price as it indicates that the company is expanding its production capacity and is confident in the demand for its products.
-On July 25, 2023, HEG Limited reported its financial results for the quarter ended June 2023. The company reported a net profit of ₹150 crore, up from ₹130 crore in the same quarter last year. This news could be positive for HEG’s share price as it indicates that the company is performing well financially.
-On July 18, 2023, HEG Limited announced that it had received an order worth ₹300 crore from a leading steel manufacturer in India. The order is for the supply of graphite electrodes. This news could be positive for HEG’s share price as it indicates that the company is winning new orders and is confident in the demand for its products.
According to a recent report by myloanoffer.in, the average target price for HEG stock is ₹1,415.00. This represents a potential upside of 20.5% from the current share price of ₹1,109.17.
The full form of HEG in the share market is Hindustan Electro-Graphites Limited. HEG Limited is an Indian company that manufactures graphite electrodes, power solutions, and activated carbon. It is headquartered in Noida, Uttar Pradesh, India.
