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  4. HEG ADVANCED MATERIALS LTD.
HEG Advanced Materials Ltd.
NSE: HEGAM | BSE: 509631

HEG Advanced Materials Live Share Price Today, Share Analysis and Chart

Value Stock, Under Radar
aboutHEG Ltd. is a leading global manufacturer of graphite electrodes, playing a critical role in the electric arc furnace (EAF) steel manufacturing industry. As a key player in the carbon and graphite industry, the company operates one of the world’s lar... Read More
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Ask AI about HEG Advanced Materials
237.61-5.76(-2.37%)

68.48% Fall from 52W High

1.2M
NSE+BSE Volume

NSE 30 Oct, 2026 3:31 PM (IST)

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My Notes

Board Meeting
The next board meeting for HEG Advanced Materials is on 03 Nov 2026 for the purpose of Quarterly Results & ESOP See details
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22.5 / 100
Value Stock, Under RadarThese stocks score high in quality and valuation, but medium in technicals. Investors may want to wait for the stock to improve momentumView SimilarEmbed DVM
Analyst Price Target
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19

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10

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4

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SWOT Analysis

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Medium rank

11Positive12Negative

47.8%Pass in checklist

045
55
100

PE Valuation Check

Right Now
Undervalued
160.9%
1 Year Forward
Undervalued
211.3%
INSIGHTHigh 5Yr PE Avg of 33.3 may distort upside values.

HEG Advanced Materials Stock Price Analysis

Day Price Range

-2.4% 1 Day return
237.6 (LTP)
233245.3
LowHigh

Week Price Range

19.5% 1 Week return
237.6 (LTP)
195.6245.3
LowHigh

Month Price Range

-0.0% 1 Month return
237.6 (LTP)
191.7256.5
LowHigh

52 Week Price Range

-59.8% 1 Year return
237.6 (LTP)
191.7753.9
LowHigh
View full Price History/Seasonality

HEG Advanced Materials Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Miss

HEG Advanced Materials's Revenue was lower than average estimate 3 times in past 3 years

EPS forecast

CURRENT EPS
9.4
AVG. ESTIMATE
22.2
LOW ESTIMATE
18.9
HIGH ESTIMATE
25.1
CURRENT EPS
AVG. ESTIMATE
Hit

EPS is expected to grow by 137.1% in FY27

Consensus Recommendation

3 ANALYST Recommendations
STRONG BUY

The consensus recommendation from 3 analysts for HEG Advanced Materials is STRONG BUY

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HEG Advanced Materials Technical Analysis

HEG Advanced Materials EMA & SMA

Bearish-2
3 bullish, 5 bearish
Bullish3
Bearish5
5 Day229.6
10 Day225.7
12 Day226.3
20 Day238.3
26 Day254.7
50 Day328.4
100 Day419.2
200 Day478.2

HEG Advanced Materials Delivery And Volume

Daily Avg. Delivery Volume %
30 Oct, 202642.3%
Week33.1%
Month40.2%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

HEG Advanced Materials Resistance and Support

238.63
Pivot
First Resistance244.3
Second Resistance250.9
Third Resistance256.5
First Support232.0
Second Support226.4
Third Support219.7
Day RSI42.1
Day MACD-28.4
Day MFI71.2
Day MACD Signal Line-40.8

HEG Advanced Materials Beta

1 Month1.2
1 Year1.3
3 Month2.2
3 Year1.3

HEG Advanced Materials Price Change Analysis

↓0.0%
Over 1 Month
LowHigh
191.7256.5
↓-63.9%
Over 3 Months
LowHigh
191.7753.9
↓-60.1%
Over 6 Months
LowHigh
191.7753.9
↓-59.8%
Over 1 Year
LowHigh
191.7753.9
All Technicals →

HEG Advanced Materials Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Redrose Vanijya LlpPromoter93,649,75228.4 %
Clearfield Consulting LlpPublic4,942,8571.5 %
Singularity Growth Opportunities Fund IiDii10,992,3983.3 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

HEG Advanced Materials Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
HDFC MUTUAL FUNDBulkPurchase07 Sep 2026266.21993,201NSE
GDN VENTURES LLPBulkSell20 Apr 2026631.021,000,000NSE
MICROCURVES TRADING PRIVATE LIMITEDBulkSell27 Mar 2026563.012,218,794NSE
JUMP TRADING FINANCIAL INDIA PRIVATE LIMITEDBulkSell27 Mar 2026560.391,482,414NSE
HRTI PRIVATE LIMITEDBulkSell27 Mar 2026561.251,005,558NSE
NK SECURITIES RESEARCH PRIVATE LIMITEDBulkSell27 Mar 2026564.311,560,531NSE
QE SECURITIES LLPBulkSell27 Mar 2026557.641,015,391NSE
JUMP TRADING FINANCIAL INDIA PRIVATE LIMITEDBulkPurchase27 Mar 2026560.601,482,414NSE
QE SECURITIES LLPBulkPurchase27 Mar 2026559.251,003,657NSE
NK SECURITIES RESEARCH PRIVATE LIMITEDBulkPurchase27 Mar 2026564.041,560,531NSE
All deals
All insider trades

HEG Advanced Materials Corporate Actions

HEG Advanced Materials Dividend history and yield

HEG Advanced Materials dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track HEG Advanced Materials dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
122 Jul 2026
3.4FINAL22 Jul 2026Equity Share
213 Aug 2025
1.8FINAL13 Aug 2025Equity Share
331 Jul 2024
22.5FINAL-Equity Share
424 Aug 2023
42.5FINAL-Equity Share
524 Aug 2022
40FINAL-Equity Share

HEG Advanced Materials Board Meetings

HEG Advanced Materials past and upcoming board meetings.

#Ex-Date
PurposeNotes
103 Nov 2026
Quarterly Results & ESOP-
222 Jul 2026
Quarterly Results-
329 Apr 2026
Audited Results & Final Dividend-
410 Feb 2026
Quarterly Results-
510 Nov 2025
Quarterly Results-

HEG Advanced Materials Stock Split

HEG Advanced Materials stock split details, including announcement, record, and ex-split dates, along with the split ratios

#Ex-Date
Old FVNew FVRecord Date
118 Oct 2024
10218 Oct 2024

HEG Advanced Materials Rights issue

HEG Advanced Materials rights issue history, along with record, ex-rights dates, and rights ratios.

#Ex-Date
RatioFace ValuePremiumRecord Date
126 Jun 1992
5.0:8.0-3031 Jul 1992
All Corporate Actions

HEG Advanced Materials Research Reports

HEG Advanced Materials research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
126 Jul 2026ICICI Direct
Target
750652.5Buy14.94%-63.58%pdf
217 Feb 2026ICICI Direct635553.6Buy14.7%-57.08%pdf
316 Sep 2024ICICI Direct
Target
25202108.45Buy19.52%-88.73%pdf
420 Mar 2024ICICI Direct
Target
24201913.4Buy26.48%-87.58%pdf
517 Nov 2022ICICI Direct
Reco
12251054.1Buy16.21%-77.46%pdf
All Reports of HEG

HEG Advanced Materials Corporate Filings

HEG Advanced Materials BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
30 Oct 2026
HEG Advanced Materials Ltd - 509631 - Communication By HEG Graphite Limited (Renamed As HEG Limited), Resulting Company (As Per Composite Scheme Of Arrangement) Regarding Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
Communication by HEG Graphite Limited (renamed as HEG Limited), Resulting Company (as per Composite Scheme of Arrangement) regarding unaudited financial results for the quarter and half year ended September 30, 2026
PDF
29 Oct 2026
HEG Advanced Materials Ltd - 509631 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication- Dispatch of Postal Ballot/E-voting notice
PDF
29 Oct 2026
HEG Advanced Materials Ltd - 509631 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Q2 FY 27 Earnings Conference Call
PDF
29 Oct 2026
HEG Advanced Materials Ltd - 509631 - Intimation Regarding Change Of Corporate Identification Number (CIN) Of The Company
Intimation regarding change of Corporate Identification Number (CIN) of the Company
PDF
28 Oct 2026
HEG Advanced Materials Ltd - 509631 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Notice of Postal Ballot
PDF
VIEW ALL

HEG Advanced Materials DocumentsAsk MarketMind AI

HEG Advanced Materials Earnings Call

HEG Advanced Materials earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
28 Jul 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
24 Jul 2026HEG Ltd. Results Earnings Call for Q1FY27AudioVideo
08 May 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
04 May 2026HEG Ltd. Results Earnings Call for Q4FY26 & Full YearAudioVideo
16 Feb 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
view all

HEG Advanced Materials Annual Reports

HEG Advanced Materials financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

HEG Advanced Materials Credit Ratings

HEG Advanced Materials credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
26 May 2026india ratingsIndia Ratings Maintains HEG and its Bank Facilities & CP on Rating Watch with Developing Implications Link
28 May 2025india ratingsIndia Ratings Maintains HEG on Rating Watch with Developing Implications; Rates Additional LimitsLink
10 Jul 2023india ratingsIndia Ratings Revises HEG’s Outlook to Positive; Affirms ‘IND AA-’Link
11 Jul 2022india ratingsIndia Ratings Affirms HEG at ‘IND AA-’/Stable; Limits EnhancedLink
12 Jul 2021india ratingsIndia Ratings Affirms HEG at ‘IND AA-’/StableLink

HEG Advanced Materials Investor Presentations

HEG Advanced Materials investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
23 Jul 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
10 Jul 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
01 May 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
10 Feb 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
16 Jan 2026HEG Ltd - 509631 - Announcement under Regulation 30 (LODR)-Investor PresentationLink

HEG Advanced Materials - Company Profile

HEG Advanced Materials Management Structure

HEG Advanced Materials management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Mr. Puneet AnandPresident,Chief Strategy Officer155Mar 26
Mr. Jasvinder Singh KhoslaVice President(Operations,R&D,Design)119.14Mar 26
Mr. Atul Laxman MogheVice President(Maintenance,Power)119.01Mar 26
Mr. Prasant Kumar JhaGeneral Manager(Commercial)95.87Mar 26
Mr. Ravi Kant TripathiChief Financial Officer82.09Mar 26
Mr. Rajesh JethaSenior General Manager(IT)74.36Mar 26
Mr. Axay SaxenaGeneral Manager(HR & IR)68.07Mar 26
Mr. Manoj Kumar GuptaGeneral Manager(Design)65.18Mar 26
Ravi GuptaCompany Secretary,Compliance Officer-Mar 26
Neha RajvanshiCFO-Mar 26
Mr. Ravi JhunjhunwalaChairman.,Executive Director,Managing Director,Chief Executive Officer-Mar 26
Mr. Salil BawaPresident(Investor Relations)-Mar 26
Mr. Devendra Singh LodhiDeputy General Manager(SCM)-Mar 26
Mr. Tajender BhatiaDeputy General Manager(Maintenance,Power)-Mar 26
Mr. Ashish GaurGeneral Manager(Marketing)-Mar 26
Mr. Nagarajan TDeputy General Manager(Technical)-Mar 26
Mr. Madhur SharmaDeputy General Manager(Marketing)-Mar 26
Vivek ChaudharyCompany Secretary-Mar 26

HEG Advanced Materials Board of Directors

HEG Advanced Materials Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Ravi JhunjhunwalaNon Executive Director1326.89Mar 26
Manish GulatiExecutive Director421.86Mar 26
Jayant DavarIndependent Non Exe. Director16.5Mar 26
Kamal GuptaNon-Exec & Non-Independent Dir15Mar 26
N G KhaitanIndependent Non Exe. Director12.75Mar 26
Ramni NirulaIndependent Non Exe. Director10.5Mar 26
Shekar AgarwalNon Executive Director7.5Mar 26
Riju JhunjhunwalaCMD & Executive Director6Mar 26
P S DasguptaIndependent Non Exe. Director4.5Mar 26
Sandip SomanyIndependent Non Exe. Director3.75Mar 26
YASH KELANon Executive Director-Mar 26
OM PRAKASH AJMERANon Executive Director-Mar 26
Rajiv DewanIndependent Non Exe. Director-Mar 26
Ameya Suresh PrabhuIndependent Non Exe. Director-Mar 26
Sanjeev MehraIndependent Non Exe. Director-Mar 26
Pushp JainIndependent Non Exe. Director-Mar 26
Manish SharmaIndependent Non Exe. Director-Mar 26
Ravi GuptaCompany Secretary / Compliance Officer-Mar 26
L N JhunjhunwalaChairman Emeritus-Mar 26
VIVEK CHAUDHARYCompany Sec. & Compli. Officer-Mar 26
Website: www.hegltd.com

About the company - Business Profile

HEG Ltd. is a leading global manufacturer of graphite electrodes, playing a critical role in the electric arc furnace (EAF) steel manufacturing industry. As a key player in the carbon and graphite industry, the company operates one of the world’s largest integrated graphite electrode plants at a single location. HEG's strategic focus is on the global transition toward "green steel," where EAF technology is preferred over traditional blast furnaces due to its lower carbon footprint.

Key Points

  • Key Facts: Founded in 1972, HEG is headquartered in Noida, Uttar Pradesh, and is a flagship company of the LNJ Bhilwara Group. It is listed on both the NSE and BSE.
  • Operations and Resources: The company operates a single-site manufacturing facility in Mandideep, near Bhopal (Madhya Pradesh). This facility has a production capacity of 100,000 metric tonnes (MT) per annum, making it one of the largest integrated plants globally. The facility includes a captive power plant with a capacity of 77 MW to ensure energy self-sufficiency.
  • Ownership: HEG is a private sector entity promoted by the LNJ Bhilwara Group. As of March 2025, the company maintains a strong net worth of ₹4,160 crore.
  • Market Significance: HEG exports approximately 70% of its production to over 30 countries, serving major global steel producers. It is strategically positioned to benefit from the global decarbonization trend, as EAF steelmaking requires graphite electrodes as a non-substitutable component.
  • Business Model and Strengths: The company operates an export-oriented model, leveraging its single-site scale to achieve considerable economies of scale and cost advantages. It specializes in Ultra High Power (UHP) electrodes, which are essential for modern high-capacity electric furnaces.
  • Revenue and Financials (FY 2024-25):
    • Total Income: ₹2,279 crore (Compared to ₹2,537 crore in FY24).
    • EBITDA: ₹388 crore (Margin of 17%).
    • Net Profit (PAT): ₹101 crore.
    • Dividend Payout: ₹87 crore.
    • Geographical Mix: Exports typically contribute the majority of revenue, though specific regional percentage splits for the full year are not explicitly detailed as fixed percentages in the summary tables.
  • Key Products and Innovation: The core product line consists of Graphite Electrodes (UHP, HP, and RP grades) and Nipples. The company is also diversifying into the Anode material space for Lithium-ion batteries through its subsidiary, TCCPL, aiming to capitalize on the EV sector.
  • Employee Count and Culture: HEG emphasizes a performance-driven culture and provides extensive learning opportunities. While specific total headcount was not cited in the highlights, the company focuses on talent retention as a critical risk mitigation measure.
  • Strategic Initiatives: HEG is undergoing a demerger of its graphite business into a separate entity to unlock shareholder value. Future growth is anchored on the expansion of EAF steelmaking capacity globally (ex-China), which is expected to drive demand through 2030.

References

  1. Annual Report May 2025
  2. Investor Presentation Feb 2026
  3. Investor Presentation Nov 2025
  4. Annual Report May 2024

HEG Advanced Materials FAQ

HEG Advanced Materials today is trading in the red, down by 2.37% at ₹237.61.
HEG Advanced Materials is currently trading down 2.37% on an intraday basis. In the past week the stock rose 19.53%. Stock has been down 63.85% in the past quarter and fell 59.8% in the past year. You can view this in the share price history/seasonality section.
HEG Advanced Materials is listed on NSE with the ticker HEGAM and on BSE as 509631. It's currently trading on NSE at a share price of ₹237.61 and on BSE with a share price of ₹238.3.
The market cap of HEG Advanced Materials is ₹4,585.34 Cr. as of Oct 30, 2026.
HEG Advanced Materials announced a FINAL dividend of 170% which equals ₹3.4 in Jul 22, 2026.The last three ex-dates for HEG Advanced Materials were Aug 13, 2025, Jul 31, 2024 and Aug 24, 2023. To view the full dividend history of HEG Advanced Materials click here.
HEG Advanced Materials has never issued bonus shares, but it has issued 1 stock split since its BSE/NSE listing. The latest announcement for HEG Advanced Materials stock split was on Oct 18, 2024 at a ratio of 10:2.
HEG Advanced Materials reported ₹724.35 Cr. in revenue, ₹122.34 Cr. in net profit, and ₹194.14 Cr. in EBITD as of Jul 22, 2026 for Q1 FY26-27.
According to the predictions of 3 analysts, the share price prediction for HEG Advanced Materials is ₹710 with an upside of 199%.
The PE ratio of HEG Advanced Materials is 12.78 as of Oct 30, 2026.
The PB ratio of HEG Advanced Materials is 0.95 as of Oct 30, 2026.
You can view the latest analyst reports on the HEG Advanced Materials reports dashboard. Either click on the Reports tab on this page's sub-header or click here to be directed to the dashboard.
You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.
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