| Revenue growth | Revenue +144% YoY to ₹430 Cr; Q2 income partly one-time. |
|---|---|
| Margins | Q2 EBITDA margin 57%, H1 50%; one-time income inflates margin. |
| Order book | Graphene 90 t orders/LOIs vs 10 t pilot capacity; anode mostly pre-signing. |
| Demand visibility | Anode demand bullish; over 100,000 MT MOUs in advanced talks, not signed. |
| Management confidence | Over-optimistic; heavy forward-looking claims, deflects electrode questions. |
Growth
Revenue +144% YoY to ₹430 Cr; ~40% of power-segment EBITDA is one-time (transmission arrears, insurance), inflating Q2 margins.
Outlook
Capex ₹5,500 Cr; anode 44,000 MT by March 2029; steady-state group EBITDA margin 25-28%.
Risks
Graphite electrode sales down 20-23% QoQ left unanswered; anode plant 61% complete with first-year 35% utilisation assumed.
Earnings Call Transcript filed with BSE, NSE: HEGAM. Summary written with AI assistance from the document.
HEG Advanced Materials Ltd: key numbers
- Share price
- ₹295.42
- Market cap
- ₹5,701 Cr
- Revenue (annual)
- ₹2,568 Cr
- Net profit (annual)
- ₹341.4 Cr
- P/E (TTM)
- 10.9×Sector 50.9×
- Promoter holding
- 60.72%+4.44% QoQ
- FII holding
- 3.61%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HEG Advanced Materials Ltd
All →HEG Advanced Materials Investor Presentation: Key Takeaways
Q2/H1 FY27 deck with no P&L figures in the provided slides. Strategy centres on anode expansion from 20K to 44K MT and 500 MT graphene by Sep 2028.
HEG Advanced Materials Debt & Borrowing: ₹50 Cr
HEG granted subsidiary Replus Engitech an unsecured revolving loan of Rs.50 Crore. It is repayable on demand at 9% interest, at arm's length.
- Value
- ₹50.00 Cr
- Execution
- Repayable on demand
HEG Advanced Materials Capacity Expansion: ₹1,606 Cr Investment
HEG Advanced Materials' board approved expanding capacity from 20,000 MT to 24,000 MT by March 2029. The Rs.1,606 Crore investment is funded through internal accruals and debt.
- Value
- ₹1,606 Cr
- Execution
- Up to March 2029
- production capacity
- 24000.0 MT
HEG Advanced Materials Capacity Expansion: ₹500 Cr Investment
HEG Advanced Materials adopted a new line of business in graphene through its subsidiary, with an estimated investment of Rs.500 Crore. The project aims to create new growth avenues and long-term value.
- Value
- ₹500.0 Cr
HEG Advanced Materials Capacity Expansion: ₹475 Cr Investment
HEG Advanced Materials adopted a new line of business in crucible manufacturing, an advanced carbon materials project for its subsidiary. Estimated investment is Rs.475 Crore, aimed at backward integration and cost efficiency.
- Value
- ₹475.0 Cr
HEG Advanced Materials Merger & Restructuring Worth ₹10.12 Cr
HEG Advanced Materials closed LNJ Trading FZCO, its Dubai-based wholly owned subsidiary, as part of overseas structure rationalisation. The filing quantifies the effect at AED 4,048,000.
- Value
- ₹10.12 Cr