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HEG Advanced Materials Ltd

HEG Advanced Materials Ltd

HEGAM Share Price

NSE
₹198.783.35% (-6.89)
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With a market cap of ₹7,411 cr, stock is ranked 705

Stock is 3.25x as volatile as Nifty

HEGAM Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹7,411 cr, stock is ranked 705

Stock is 3.25x as volatile as Nifty

HEGAM Performance & Key Metrics

HEGAM Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
20.651.560.89%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
41.135.660.85%

HEGAM Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

HEGAM Company Profile

HEG Limited is engaged in manufacturing of graphite electrodes, which are used by manufacturers of steel. The Company's segments include Graphite, Power and Unallocable items.

Investor Presentation

View older View older 

Jul 23, 2026

PDF
View Older Presentations

HEGAM Similar Stocks (Peers)

Compare with peers Compare with peers 

HEGAM Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
46.36
46.36
1Y Return
1.04%
1.04%
Buy Reco %
90.00
90.00
PE Ratio
41.61
41.61
1Y Return
31.10%
31.10%
Buy Reco %
81.25
81.25
PE Ratio
68.72
68.72
1Y Return
66.38%
66.38%
Buy Reco %
62.50
62.50
PE Ratio
60.61
60.61
1Y Return
52.45%
52.45%
Buy Reco %
33.33
33.33
PE Ratio
137.02
137.02
1Y Return
117.89%
117.89%
Buy Reco %
0.00
0.00
Compare with Peers

HEGAM Sentiment Analysis

HEGAM Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

HEGAM Stock Summary · July 2026

Management presented a quarter of sharp profitability improvement despite only marginally lower volumes, with stand-alone revenue and total income both up 11% year on year and EBITDA margins expanding to 29% and 27% on a stand-alone and consolidated basis, respectively. The rebound was even more pronounced sequentially, as standalone EBITDA moved from a loss of INR126 crores to a profit of INR211 crores and consolidated EBITDA from a loss of INR108 crores to INR194 crores, while PAT also turned positive, helped in part by the prior quarter’s mark-to-market losses on foreign equity investments. Management emphasized operating discipline, high utilization above 91%, and resilient market access, noting that shipping disruptions caused no volume loss and were absorbed across a diversified export base spanning about 30 countries. At the same time, it acknowledged near-term margin pressure from higher freight, energy, raw material, and needle coke costs, with the benefit from recent price increases likely to flow through only from October and more fully toward year-end. Management kept the full-year utilization outlook at 90% to 95% and said the business remains debt-free, with the 115,000-ton expansion still on track for early 2028.

HEGAM Stock Growth Drivers
HEGAM Stock Growth Drivers
8
  • Resilient Global Steel Demand Outside China

    Steel production trends outside China were constructive, with ex-China output rising 2.1% year on year

  • Structural Growth in Graphite Electrode Demand from EAF Transition

    Management highlighted a strong medium- to long-term demand outlook driven by decarbonization policies, the EU

HEGAM Stock Challenges
HEGAM Stock Challenges
5
  • Macro and Trade-Related Cost Pressure

    The operating backdrop has become materially more difficult because of the ongoing Middle East conflict

  • Rising Input Costs and Delayed Margin Impact

    The business is facing a clear inflationary squeeze from higher needle coke, raw materials, freight,

HEGAM Forecast

HEGAM Forecasts

Price

Revenue

Earnings

HEGAM

HEGAM

Income

Balance Sheet

Cash Flow

HEGAM Income Statement

HEGAM Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue611.21612.47630.94589.96584.60694.62818.77822.77674.90754.85
Operating & Other expensessubtract505.77532.77470.99411.45602.65507.08580.87513.42751.50530.21
Depreciation/Amortizationsubtract50.4447.5047.9450.5654.5453.0253.7553.8752.5949.59
Interest & Other Itemssubtract8.638.479.349.3812.018.188.929.3910.729.97
Taxes & Other Itemssubtract13.460.6920.3935.17-10.9321.5231.9039.12-26.1442.74
EPS0.610.431.531.54-1.361.942.653.83-2.112.26

HEGAM Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2027FY 2027

Annual Report Pending

Investor Presentation

Jul 23PDF
Jul 10PDF
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 1PDF
Feb 10PDF
Jan 16PDF
+2 more
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 23PDF
Feb 13PDF
Nov 14PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
 

HEGAM Stock Peers

HEGAM Past Performance & Peer Comparison

HEGAM Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
HEG Advanced Materials Ltd21.711.560.89%
Polycab India Limited46.3610.210.57%
Havells India Ltd41.617.430.89%
Apar Industries Ltd68.7212.450.36%
ScreenerCompare valuation on Screener

HEGAM Stock Price Comparison

Compare HEGAM with any stock or ETF
Compare HEGAM with any stock or ETF
HEGAM
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HEGAM Holdings

HEGAM Shareholdings

HEGAM Promoter Holdings Trend

HEGAM Promoter Holdings Trend

Increased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has increased by 4.44%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

HEGAM Institutional Holdings Trend

HEGAM Institutional Holdings Trend

Decreased Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 6.28%

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 4.87%

Tickertape Separator

HEGAM Shareholding Pattern

HEGAM Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.72%4.74%8.22%3.61%22.71%

Dec 2025

Mar 2026

Jun 2026

Sep 2026

HEGAM Shareholding History

HEGAM Shareholding History

JunSepDec '25MarJunSep7.30%7.96%8.53%10.24%8.47%3.61%

Mutual Funds Invested in HEGAM

Mutual Funds Invested in HEGAM

No mutual funds holding trends are available

Top 5 Mutual Funds holding HEG Advanced Materials Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.3750%0.95%0.95%63/102 (+31)
1.0107%0.94%-2.93%30/44 (-19)
0.8199%0.31%0.31%132/138 (+6)

Compare 3-month MF holding change on Screener

HEGAM Insider Trades & Bulk Stock Deals

HEGAM Insider Trades & Bulk Stock Deals

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smallcases containing HEGAM stock

smallcases containing HEGAM stock

Looks like this stock is not in any smallcase yet.

HEGAM Events

HEGAM Events

HEGAM Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

HEGAM has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.89%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.85 every year

Dividends

Corp. Actions

Announcements

Legal Orders

HEGAM Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

HEGAM has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.89%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.85 every year

HEGAM Upcoming Dividends

HEGAM Upcoming Dividends

No upcoming dividends are available

HEGAM Past Dividends

HEGAM Past Dividends

Cash Dividend

Ex DateEx DateJul 22, 2026

Final
Final | Div/Share: ₹3.40

Dividend/Share

₹3.40

Ex DateEx Date

Jul 22, 2026

Cash Dividend

Ex DateEx DateAug 13, 2025

Final
Final | Div/Share: ₹1.80

Dividend/Share

₹1.80

Ex DateEx Date

Aug 13, 2025

Cash Dividend

Ex DateEx DateJul 31, 2024

Final
Final | Div/Share: ₹22.50

Dividend/Share

₹22.50

Ex DateEx Date

Jul 31, 2024

Cash Dividend

Ex DateEx DateAug 24, 2023

Final
Final | Div/Share: ₹42.50

Dividend/Share

₹42.50

Ex DateEx Date

Aug 24, 2023

Cash Dividend

Ex DateEx DateAug 24, 2022

Final
Final | Div/Share: ₹40.00

Dividend/Share

₹40.00

Ex DateEx Date

Aug 24, 2022

HEGAM Stock News & Opinions

HEGAM Stock News & Opinions

Spotlight
Spotlight
Replus Engitech secures Rs 127.35 crore order from Indus Towers for battery bank supply

HEG Advanced Materials Ltd. is currently trading at Rs 234.4, down 1.37%, while its stock price has fallen 0.36% over the last one week. HEG Advanced Materials Limited announced that its subsidiary, Replus Engitech Private Limited, has secured an order from Indus Towers Limited for the supply of Lithium-Ion Battery Banks valued at Rs 127.35 Crore (inclusive of GST), with execution expected on or before May 31, 2027. The order, awarded by a domestic entity, does not constitute a related party transaction and does not involve any interest from promoters, promoter groups, or group companies. Trading volume reached 5.64 lakh shares today, a decrease of 58.32% compared to the one-week average volume. HEG Advanced Materials Ltd. jumped by 27.88% year-over-year, outperforming the 8.09% loss recorded by the NIFTY50 index.

3 weeks agoCapital Market - Live
Spotlight
Spotlight
Replus Engitech secures Rs 217.56 crore order from Indus Towers for battery bank supply

HEG Advanced Materials Limited announced that its subsidiary, Replus Engitech Private Limited, has received an order from Indus Towers Limited for the supply of Lithium-Ion Battery Banks valued at Rs 217.56 Crore (Rupees Two Hundred Seventeen Crore Fifty Six Lakh only), inclusive of GST, to be executed on or before March 31, 2027, or a mutually agreed extended date. The order, awarded by a domestic entity, does not constitute a related party transaction and does not involve any interest from the company's promoters, promoter group, or group companies. This revised disclosure corrects an earlier omission where the word "Crore" was inadvertently left out of the previously submitted information.

1 month agoCapital Market - Live
Spotlight
Spotlight
Replus Engitech secures Rs 217.56 crore order from Indus Towers for battery bank supply

HEG Advanced Materials Limited announced that its subsidiary, Replus Engitech Private Limited, has secured an order from Indus Towers Limited for the supply of Lithium-Ion Battery Banks valued at Rs 217.56 Cr, inclusive of GST, to be executed on or before March 31, 2027. The order, awarded by a domestic entity, does not constitute a related party transaction and does not involve any interest from promoters, promoter groups, or group companies.

1 month agoCapital Market - Live
Spotlight
Spotlight
HEG surges after Q1 PAT jumps 17% YoY to Rs 122 cr

Profit before tax (PBT) increased 28.18% to Rs 134.58 crore during the June quarter compared with the year-ago period. On the operational front, revenue from the graphite segment, the company's core business, grew 11.27% year-on-year to Rs 677.65 crore in Q1 FY27, accounting for the bulk of total revenue. while, revenue from the power segment declined 16.93% year-on-year to Rs 3.14 crore during the quarter. Meanwhile, the company's board also noted that it has applied to the Ministry of Corporate Affairs (MCA) for the reservation of the proposed name HEG Advanced Materials as part of the planned change in the company's name from HEG. The MCA has approved and reserved the proposed name for a period of 60 days from the date of approval. HEG 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.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Earnings
HEG consolidated net profit rises 16.71% in the June 2026 quarter

Net profit of HEG rose 16.71% to Rs 122.34 crore in the quarter ended June 2026 as against Rs 104.82 crore during the previous quarter ended June 2025. Sales rose 11.10% to Rs 680.79 crore in the quarter ended June 2026 as against Rs 612.78 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales680.79612.78 11 OPM %22.1217.25 - PBDT214.67174.35 23 PBT165.08121.33 36 NP122.34104.82 17 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
Board of HEG notes application for reservation of name

The board of HEG at its meeting held on 22 July 2026 has noted that the Company has applied to the Ministry of Corporate Affairs (MCA) for reservation of the proposed name HEG Advanced Materials in connection with the proposed change of its name from HEG Limited and the proposed name has been reserved by the Ministry of Corporate Affairs for a period of 60 days from the date of its approval. While the Company's post-restructuring focus was earlier described broadly as Greentech, the management has re-evaluated its long-term strategy to better align with the Company's core strengths in advanced manufacturing, specialized capabilities and value-added materials. The proposed name is intended to more accurately reflect the Company's business, strategic direction and corporate identity to its customers, investors and other stakeholders globally. In terms of Clause 27 of the Composite Scheme of Arrangement, the proposed change of name is conditional upon, and shall become effective concurrently with, the Scheme becoming fully effective. Upon the Scheme becoming effective, the Company shall undertake the necessary statutory and regulatory compliances for effecting the change of its name from HEG to HEG Advanced Materials and shall make the requisite disclosures to the Stock Exchanges in accordance with applicable laws.

3 months agoCapital Market - Live
Corporate
Corporate
HEG to hold board meeting

HEG will hold a meeting of the Board of Directors of the Company on 22 July 2026.

3 months agoCapital Market - Live
Corporate
Corporate
HEG AGM scheduled

HEG announced that the Annual General Meeting(AGM) of the company will be held on 29 July 2026.

4 months agoCapital Market - Live
Spotlight
Spotlight
HEG plunges after net loss widens to Rs 114 cr in Q4 FY26

Despite the weak bottom line, revenue from operations jumped 12.42% YoY to Rs 603.21 crore in Q4 FY26. The company reported pre-tax loss of Rs 144.94 crore in Q4 FY26, compared with pre-tax loss of Rs 79.76 crore in the corresponding quarter of the previous fiscal. Total expenses climbed 24.62% YoY to Rs 814.81 crore during the quarter. Cost of material consumed stood at Rs 260.51 crore (up 6.97% YoY), employee benefit expenses was at Rs 35.34 crore (up 40.63% YoY), power and Fuel expenses stood at Rs 93.03 crore (up 18.71% YoY) while finance cost was at Rs 10.72 crore (down 10.74% YoY) during the period under review. In Q4 FY26, revenue from graphite segment jumped 12.04% YoY to Rs 589.61 crore while revenue from power segment declined 39.57% YoY to Rs 6.23 crore Meanwhile, the company's board recommended a final dividend on equity shares at Rs 3.40 per equity share of the face value of Rs 2 each for the financial year 2025-26. HEG 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.Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Corporate
Board of HEG recommends final dividend

HEG announced that the Board of Directors of the Company at its meeting held on 29 April 2026, inter alia, have recommended the final dividend of Rs 3.4 per equity Share (i.e. 170%) , subject to the approval of the shareholders.

5 months agoCapital Market - Live

Frequently asked questions

  1. The share price of HEGAM as on 23rd October 2026 is ₹198.78. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of HEG Advanced Materials Ltd (HEGAM) share are
    • Past 1 week: -11.88%
    • Past 1 month: -15.41%
    • Past 3 months: -11.10%
    • Past 6 months: -17.03%
    • Past 1 year: 7.81%
    • Past 3 years: 69.80%
    • Past 5 years: 41.34%

  3. The current dividend yield of HEG Advanced Materials Ltd (HEGAM) is 0.89.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of HEG Advanced Materials Ltd (HEGAM) is ₹7411.24 Cr as of 23rd October 2026.

  5. The 52-week high of HEG Advanced Materials Ltd (HEGAM) is ₹273 and the 52-week low is ₹168.75.

  6. The P/E (price-to-earnings) ratio of HEG Advanced Materials Ltd (HEGAM) is 21.71. The P/B (price-to-book) ratio is 1.56.

  7. HEG Advanced Materials Ltd (HEGAM) belongs to the Industrials sector & Electrical Components & Equipments sub-sector.

  8. You can directly buy HEG Advanced Materials Ltd (HEGAM) shares on Tickertape. Simply sign up, connect your demat account and place your order.