| Management target | EBITDA 2030 |
|---|
| Revenue growth | 11% YoY |
|---|---|
| Margins | EBITDA margin improved to 29% from 23% YoY. |
| Order book | Booked 3-4 months ahead; current commitments through September/October. |
| Demand visibility | Strong, tied to global shift to Electric Arc Furnaces. |
| Management confidence | High on long-term demand and capacity utilization. |
Growth
Standalone EBITDA rose 38% YoY to ₹211 Cr; consolidated revenue increased 11% to ₹681 Cr.
Outlook
Expanding capacity to 115,000 tons by 2028; targeting 4-digit EBITDA for Greentech business by 2030.
Risks
Rising needle coke and energy costs, Middle East geopolitical tensions, and potential U.S. anti-dumping duties.
Last quarter's promises, checked
Delivered
- Guided 90%+ utilization → delivered 90%+ utilization (= BEAT)
- Guided 15-20% operating margins → delivered 29% EBITDA margin (= BEAT)
- Maintain debt-free status → delivered zero long-term debt (= BEAT)
Partly delivered
- Guided price hikes to offset costs → delivered improved realization but input costs rising (= PARTIAL)
Missed
- Guided volume recovery → delivered marginal volume decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: HEG. Summary written with AI assistance from the document.
HEG Ltd: key numbers
- Share price
- ₹244.35
- Market cap
- ₹4,715 Cr
- Revenue (annual)
- ₹2,568 Cr
- Net profit (annual)
- ₹341.4 Cr
- P/E (TTM)
- 13.1×Sector 53.6×
- Promoter holding
- 60.72%+4.44% QoQ
- FII holding
- 5.29%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HEG Ltd
All →HEG Promoter Buying (Off-Market)
LNJ Spark Advisory LLP, a promoter, acquired 4.05 crore HEG Advanced Materials shares via scheme of arrangement. Post-allotment promoter stake stands at 12.29%.
- Promoter stake change
- +12.29%
HEG Bags ₹217.6 Cr Order from Indus Towers Limited
HEG's subsidiary, Replus Engitech Private Limited, received orders from Indus Towers Limited for supply of Lithium-Ion Battery Banks. The contract is valued at ₹217.56 Crore.
- Value
- ₹217.6 Cr
- From
- Indus Towers Limited
- Execution
- On or before March 31, 2027
HEG Merger & Restructuring
HEG Advanced Materials disclosed promoter stake rising to 60.72% via allotment under its Composite Scheme. The demerger splits HEG into HEG Graphite and Bhilwara Energy.
HEG Capital Structure Change
Singularity Equity Fund I and others acquired a 13.04% stake in HEG Advanced Materials Limited pursuant to a composite scheme of arrangement.
HEG Other Announcement
NSE has approved a name change for HEG Limited to HEG Advanced Materials Limited. The stock symbol will be updated to HEGAM effective September 22, 2026.
HEG Management Change
HEG Advanced Materials Limited announced the resignation of Shri Salil Bawa, President - Investor Relation and Senior Management Personnel, effective September 14, 2026. He has ceased his role.