HEG (Hindustan Electro Graphites) Limited is a part of LNJ Bhilwara Group and is engaged in the graphite electrode industry for more than five decades. The company has a good track record and delivered huge returns of up to 3,483.3 per cent in 2018.
In 2016, the share price was Rs 118.50 and increased to Rs 4300.00 per share in just two years. The stock is now showing an uptrend and market experts expect further upside in the next few months. It is estimated that the share price can increase up to 36 per cent.
However, according to the official report, till March 2023 quarter, the company has earned a revenue of Rs 616.88 crore, which is a decline of 8.35 per cent year-on-year.
Similarly, the net income is Rs 99.72 crore, a decline of 22.86 per cent. Still, it is a good stock for the long term and can repeat the previous record. The current share price is Rs 1610. 25 shows an up of 4.69 per cent.
Overview of HEG Limited
HEG Limited, the flagship company of LNJ Bhilwara Group, is today India’s leading graphite electrode manufacturer. So, the company is engaged in the manufacturing of Graphite Electrodes and has a presence in the global market.
Graphite Electrodes are primarily used in electric arc furnaces for steel production and are essential components in the metallurgical and electric industries.
It has a good manufacturing infrastructure, which provides high-quality products to its clients across the globe. The company was established in 1972 and is the world’s largest integrated graphite electrode plant, processing sophisticated UHP (Ultra High Power) electrodes.
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HEG Share Price Target 2024-2030
We are here to predict the share price of HEG Ltd for the years 2023, 2024, 2025, 2026, 2028 and 2030. If you are looking for a long-term option, then this can be a good option which is based on our research and technical analysis.
| Year | Low | High |
|---|---|---|
| 2024 | 1680 | 1750 |
| 2025 | 1950 | 2275 |
| 2026 | 2350 | 2580 |
| 2028 | 2700 | 3050 |
| 2030 | 3250 | 3500 |
Fundamentals of HEG Limited
2024
HEG Limited is involved in the manufacturing of Graphite Electrode, which is in huge demand in steel industries. As urbanization and industrialization are developing year by year, there will be a huge demand for steel. So, naturally HEG share price can see a jump and it can reach Rs.1750 by 2024.
2025
The company has technical experts in the carbon and graphite sectors, capable of helping create solutions for all customers. Therefore, in recent years it has been executing its growth strategies by diversifying into new markets and securing partnerships with various top companies. The expert team expects the share price to rise and may reach Rs 1950 to Rs 2275 by 2025.
2026
By 2026, HEG is ready to take advantage of the growing demand for steel and electric vehicles. This may lead to an increase in the share price of the company, which may possibly reach between Rs 2350 to Rs 2580 per share.
2028
The share price target for HEG Ltd in 2028 may be in line with the emerging market trends and strategic plan. The target price of HEG shares is expected to reach Rs 2700 to Rs 3050 per share by the end of 2028.
2030
The company is expanding its product portfolio and also focusing on strong partnerships. It is expected that a significant increase in the share price. We expect the HEG share price to reach Rs 3250 to Rs 3500 per share by 2030.
Shareholding Pattern
| Category | Percentage |
|---|---|
| Promoters | 55.78 |
| Public | 44.22 |
See also:
FAQs
HEG was incorporated in 1972 as Hindustan Electro-Graphites.
The target price of HEG shares is Rs 1950 to Rs 2275 by 2025.
The expert team suggests a strong buy for the long term with a stop loss of 1525 and a short-term buy with a stop loss of Rs 1600.
The target price of HEG shares is Rs 3250 to Rs 3500 in 2030.
Important links:
| Official website | Check here |
| Home page | Check here |
Disclaimer: The target price on our website (bankshala.com) is for general information only. No part of the website content should be considered financial advice or legal advice. Before investing in any stock you should do your own research and consult your financial advisor.
