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HEG

HEG Limited Stock Analysis [Fundamental+Technical]Company Overview: Industry: Graphite Electrodes (used in Electric Arc Furnaces for steel production) Parent Group: LNJ Bhilwara Group Location: Largest graphite plant at a single location near Bhopal, MP Global Reach: 67% export-based; presence in 35+ countries Business Highlights Products: UHP & HP Graphite Electrodes Customers: Top 25 global steel companies Capacity: Increased to 100,000 TPA in Nov 2023 Utilization: 81% (despite global slowdown) Revenue from Operations: ₹2,394.90 Cr Net Profit: ₹231.54 Cr (down 49% YoY) EBITDA: ₹525.63 Cr (down 28% YoY) EPS: ₹59.99 Net Cash Flow from Operations: ₹615 Cr (up from ₹114 Cr) ROCE: ~7.2% Return on Net Worth (RoNW): 5.63% 📈 Technical Insights: Current Price: ₹474.60 50 EMA: ₹431.44 (support zone) 200 EMA: ₹429.40 (support zone) Price is trading above both EMAs, indicating a bullish trend reversal. Golden Cross formation (50 EMA crossing 200 EMA) recently occurred — a classic long-term bullish signal. The stock bounced from ₹400 zone and now forming higher highs. Key Strengths One of the lowest-cost graphite electrode producers globally Among top 5 global players (ex-China) Strong relationships with major steelmakers Backward integrated captive power: 76.5 MW State-of-the-art technology and high R&D focus Key Risks Highly dependent on steel sector demand Pricing pressure due to global oversupply and China's export surplus Needle coke (key raw material) cost volatility Current underutilization of capacity Growth Triggers Green Steel Push: EAF-based steel production expected to grow globally Anode Powder Plant: ₹1,800 Cr investment in 20,000 TPA facility for EV battery anode materials; revenue expected from FY27 India’s EV & Steel Boom: Growing steel consumption (8.2% CAGR) and EV transition are long-term positives SWOT Summary Strengths: Global presence, high export revenue, low-cost structure Technological leadership Weaknesses: Profitability linked closely to global steel demand Volatility in raw material prices Opportunities: EV market and EAF steel expansion Threats Competition from China, diversion of raw material to battery sector Future Outlook Near-term challenges due to soft steel demand Medium to long-term outlook is strong, driven by: Increasing EAF penetration Global decarbonization policies Strategic expansion into EV-grade graphite anodes Analysis Based on Valuation + Chart CMP:₹474.60 Fair Price Range: ₹600 – ₹1200(Using a conservative P/E range of 10 to 20) Fair Value (DCF):₹1100+ (Based on 10% projected EPS growth over 5 years and a 12% discount rate.) Support Levels:₹430 (EMA), ₹400 (price action) Resistance Zones:₹490-500 (near-term), ₹600 (supply zone) Disclaimer The information provided in this report is for educational and informational purposes only and should not be construed as financial or investment advice. While every effort has been made to ensure the accuracy of data and analysis, no guarantees are made regarding future performance. Stock market investments are subject to market risks, including potential loss of capital. Please consult your financial advisor or conduct your own due diligence before making any investment decisions.
NSE:HEG
by TradZoo
HEG Skyrockets! All Targets Nailed with RisologicalHEG on the 1-Hour timeframe successfully executed a long trade with all targets from TP1 to TP4 hit with remarkable precision. Trade Highlights: Entry: ₹428.35 Targets Hit: TP1: ₹448.85 TP2: ₹482.00 TP3: ₹515.20 TP4: ₹535.70 Stop Loss: ₹411.75 Technical Insights: This trade showcased the accuracy and reliability of the Risological Trading Indicator in identifying optimal entry points and scaling through multiple target levels. The upward trend was well-sustained, demonstrating confidence in the tool's ability to manage trades effectively.
NSE:HEGLong
by ProfitsNinja
SWING IDEA - HEGHEG, a key player in the graphite electrode industry, presents a strong swing trading opportunity Reasons are listed below : 1950-2000 Strong Support Zone: This zone has proven to be a reliable support, making it a crucial level for price stability. Bullish Engulfing Candle on Weekly Timeframe: A clear sign of buying strength, indicating potential for a bullish move. Cup and Handle Pattern Breakout and Retest: A textbook breakout followed by a successful retest, signaling potential upward momentum. 50 EMA Support on Weekly Timeframe: The stock is supported by the 50-week EMA, adding to the bullish bias. Target - 2400 // 2740 Stoploss - weekly close below 1900 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:HEGLong
by Visionary_Growth_Insights
HEG may be in last Leg of consolidation before it can move up.HEG Ltd. engages in the manufacture and exporter of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments. HEG Ltd. CMP is 2069.30 The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 40.8), Declining profits every quarter for the past 4 quarters, Stocks Underperforming their Industry Price Change in the Quarter and PE higher compared to Industry PE. Entry can be taken after closing above 2089 Targets in the stock will be 2200, 2306, 2406, 2502 and 2565. The long-term target in the stock will be 2622, 2658 and 2750. Stop loss in the stock should be maintained at Closing below 1997 or 1922 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:HEGLong
by Happy_Candles_Investment
#HEG ltd Cup & handle pattern 20-30% upmove dega kya?HEG ltd cmp 1882, market cap 7264 cr, company is leading manufacturer and exporter of graphite electrodes. PE vs ROCE ratio is better as compared to another leading player graphite India. My concern is the fall in Operating margin trend. Holding% Dec'23 promoter 55.77( 59.62 Mar'21), FII 6.85(9.43 Mar'21), DII 8.85(7.41 Mar'21). Infact some new mutual fund players entered in feb'24 also so Mar'24 DII numbers should be up. Technically the chart is making cup n handle kind of pattern on weekly time frame and breakout above 1931 can bring fast movement. Upside levels can be 1)2335 2) 2470 3) 2575 4) 2763(imp level) 5) 3108. Once 2763 is crossed I will bring sl of remaining qty at 2470 and try to ride the trend till 3661/4557.
NSE:HEGLong
by ssudhirsharma11
3
#CARBORUNIV #ORIENTABRA #WENDT #GRINDWELL #HEG #WHIRLPOOL #TWL #CARBORUNIV NSE:CARBORUNIV CMP: 885 TP: 1050 SL: 828 TF: <6m RR > 2.8 times Return 18% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:CARBORUNIVLong
by Rachit_Sethia
HEG LTD: Big breakout and outperforming stockHi All, HEG ltd has given a big breakout this week above 1250 levels. The stock has been a outperformer and has potential to give big returns in medium term i.e. within 5-7 months. The volume addition at lower levels shows the strength in the stock. If you get the stock at lower price then accumulate the stock . Targets for short term (3 months) will be at levels of 1850-1900 , medium term targets (6 months) will be 2200 and long term targets (9 months) will be 2500-2600. Keep the stop loss as per your risk appetite. *** ideas are my own*** Invest as per your risk taking ability**
NSE:HEGLong
by vivek3032810101