Showing posts with the label heg

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