HEG Share Price Target Tomorrow 2024 To 2030- Market Overview, Income Statement

HEG Ltd is a leading Indian company known for producing graphite electrodes, which are essential in the manufacturing of steel. Established in 1972, HEG is part of the larger Hindustan Electro Graphite Group. The company operates a modern facility in Mandideep, Madhya Pradesh, where it focuses on high-quality products and advanced technologies. HEG Share Price on NSE as of 22 October 2024 is 432.45 INR. Here will provide you more details on HEG Share Price Target 2024, 2025, 2026 to 2030.

HEG Ltd: Market Overview

• Open Price: ₹459.75
• High Price: ₹460.80
• Low Price: ₹425.30
• Previous Close: ₹462.85
• Volume: 1,158,265
• Value (Lacs): ₹4,967.22
• VWAP: ₹438.65
• UC Limit: ₹555.40
• LC Limit: ₹370.30
• P/E ratio: 42.66
• Div yield: 1.04%
• 52-wk high: ₹548.60
• 52-wk low: ₹292.38
• Mkt cap: ₹8.35KCr
• Face Value: ₹10

HEG Ltd Competitors

Here are five competitor companies of HEG Ltd along with their approximate market capitalizations:

1. GrafTech International Ltd
   • Market Capitalization: ~$1.6 billion
2. SGL Carbon SE
   • Market Capitalization: ~$1.1 billion
3. Tokai Carbon Co., Ltd
   • Market Capitalization: ~$1.4 billion
4. Mohan M. S. P. Ltd (M. S. P. Ltd)
   • Market Capitalization: ~$250 million

5. Carbone Lorraine (Now part of SGL Carbon)

   • Market Capitalization: Not applicable as it is merged with SGL Carbon.

HEG Share Price Chart

HEG Share Price Target Tomorrow 2024 To 2030

HEG Share Price Target 2024

HEG share price target 2024 Expected target could be ₹450. Here are three key factors affecting growth for HEG Ltd in 2024:

• Global Demand for Graphite Electrodes: The demand for graphite electrodes, primarily used in electric arc furnaces for steel production, will significantly impact HEG’s growth. An increase in steel production globally, especially in regions like Asia and North America, can boost sales and profits.
• Raw Material Prices and Supply Chain Stability: The cost and availability of raw materials, particularly petroleum needle coke, directly influence HEG’s production costs. Stability in supply chains and reasonable raw material prices are crucial for maintaining margins and ensuring consistent production levels.

• Technological Advancements and Product Development: Continued investment in research and development can lead to innovative products that meet the evolving needs of customers. Enhancements in production techniques can improve efficiency and reduce costs, contributing positively to HEG’s growth trajectory in 2024.

HEG Share Price Target 2025

HEG share price target 2025 Expected target could be ₹570. Here are three key factors affecting growth for HEG Ltd in 2025:

• Expansion in Production Capacity: HEG’s ability to expand its production facilities and enhance capacity will be vital for meeting the growing global demand for graphite electrodes. Investments in new technology and capacity upgrades can help HEG capitalize on market opportunities and increase its market share.
• Global Steel Industry Trends: The performance of the global steel industry significantly impacts HEG, as it is a key consumer of graphite electrodes. Factors such as infrastructure development, government policies promoting steel production, and the shift toward electric arc furnaces can drive demand for HEG’s products in 2025.

• Sustainability Initiatives and Environmental Regulations: Increasing focus on sustainability and environmental compliance can create both challenges and opportunities for HEG. Adopting greener production methods and meeting regulatory standards can improve the company’s reputation and attract eco-conscious clients, positively influencing growth.

HEG Share Price Target 2030

HEG share price target 2030 Expected target could be ₹1064. Here are three risks and challenges for HEG Ltd regarding its share price target in 2030:

• Volatility in Raw Material Prices: HEG’s production heavily relies on raw materials like petroleum needle coke. Significant fluctuations in the prices of these materials can adversely affect profit margins and overall financial performance, posing a risk to the share price.
• Intense Competition: The graphite electrode market is highly competitive, with several domestic and international players. Increased competition can lead to price wars and reduced market share, impacting HEG’s profitability and share price over the long term.

• Regulatory and Environmental Challenges: Stricter environmental regulations and compliance requirements could increase operational costs for HEG. Failure to adapt to these regulations could result in fines or restrictions on production, negatively affecting the company’s growth prospects and share valuation.

HEG Ltd Shareholding Pattern

• Promoter: 55.78%
• FII: 6.92%
• DII: 12.81%
• Public: 24.49%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.hegltd.com/

HEG Ltd Financials

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