Showing posts with the label graphite electrode company

HEG(Hindustan Electro Graphite) Ltd - Is it Overvalued ?

HEG(Hindustan Electro Graphite) Ltd - Is it Overvalued ? Six months ago, we looked out the Fundamental Analysis of this Graphite Electrode company - HEG Ltd. we had written a post about would you buy this stock ? Now it crossed with two Quarterly results - Q1 and Q2 of FY20. Global changes in the Graphite industry have also affected HEG's Financial Position like Top line - Sales. The Stock price was at a discount rate compared to its Financial Statements two quarters ago. Is it still the same discount available now ? At present, the Company's Financial Statements are lower than the stock price. In the March 2019 Quarter, the Sales were stood at Rs. 1,347 Crore and the Net profit of Rs. 524 Crore was there. For the Q1FY20 - June Quarter, the results are like - Sales of Rs. 817 Crore and the Net Profit of Rs. 234 Crore. The Q2FY20 - September Quarter came with the Sales of Rs. 564 Crore and the Net profit stood at Rs. 179 Crore. The Q2FY20 profit comes due to the Tax Cuts. As we

Would you buy HEG(Hindustan Electro Graphite) ? - Fundamental Analysis

Would you buy HEG(Hindustan Electro Graphite) ? - Fundamental Analysis The Graphite Electrode Company - HEG (Hindustan Electro Graphite) is engaged its business in manufacturing of Graphite Electrodes, Carbon Speciality and Power. It was started by the LNJ Bhilwara Group in India, where the exports are over 70 percent of its production to more than 30 countries across the World The First time in the last 40 years, the company had suffered a loss of Rs. 8 Crore in the FY2015-16. In the year of 2015-16, HEG shares was trading between Rs. 120 - RS. 230/- Then the Share price were taken enormously to 25 times in the year 2018-19. The Demand in Graphite Electrodes across the world was loaded its earnings to multi profit. Currently, the Market Cap is around Rs. 6,600 Crore after the buy back completion of Rs. 5,500/- per share in the month of April 2019. The Current market price is trading in the 2 year low as the sector was seen as Sluggish. The Book value of HEG Ltd was seen of Rs. 964 per