HEG
509631Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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HEG Ltd is a leading Indian manufacturer and exporter of graphite electrodes and other carbon-based products. Headquartered in Mandideep, Madhya Pradesh, the company operates one of the world’s largest single-site graphite electrode plants and is an integral supplier to the global and domestic steel industry. Established in 1972, HEG Ltd forms part of the LNJ Bhilwara Group, a diversified conglomerate with interests across textiles, power generation, and infrastructure.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Outcome Of Board Meeting/Announcement Under Regulation 30 & 42
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In Consultation With Resultant Company I.E HEG Graphite Limited, The Board Of Company Fixed Record Date As Monday, 7Th September, 2026 For Determining The Shareholders Of The Company Eligible To Receive The Consideration Pursuant To The Scheme
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Announcement under Regulation 30 (LODR)-Resignation of Director
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Outcome Of Board Meeting- 24Th August, 2026
a) Approval of Board to make the scheme effective on Tuesday, 1st September, 2026 b) Fixation of record date: Monday, 7th September, 2026 C) Resignation & Appointment of Directors pursuant to scheme of effective from 1st September, 2026 d) Resignation of Company Secretary & Compliance Officer, Chief Financial Officer, KMP/SMPs pursuant to scheme of arrangement effective from 1st September, 2026 e) Appointment of Company Secretary & Compliance Officer, Chief Financial Officer, KMP/SMP, pursuant to scheme of arrangement effective from 1st September, 2026 f) Relinquishment from the office of CMD & CEO of Shri Ravi Jhunjhunwala and continue as Non Executive Director wef 1st September, 2026 g) Appointment of Shri Riju Jhunjhunwala as CMD & CEO wef 1st September, 2026 h) Reconstitution of Committees of Board i) Subject to approval of ROC, Name of HEG Limited proposed to be changed to HEG Advanced Materials Ltd and thereafter HEG Graphite Limited is proposed to be renamed as HEG Limited
Appointment of Company Secretary and Compliance Officer
Appointment of Mr. Ravi Gupta as Company Secretary & Compliance Officer with effect from the effective date of composite scheme of arrangement i.e 1st September, 2026
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
Resignation of Vivek Chaudhary as Company Secretary and Compliance officer with effect from effective date of composite scheme of arrangement i.e 1st September, 2026
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
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Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)
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Announcement under Regulation 30 (LODR)-Resignation of Chairman and Managing Director
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Announcement under Regulation 30 (LODR)-Resignation of Director
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Announcement under Regulation 30 (LODR)-Change in Directorate
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Announcement under Regulation 30 (LODR)-Change in Management
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Board Meeting Outcome for Outcome Of Board Meeting-24Th August, 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Order Of Hon'Ble National Company Law Tribunal, Indore Bench On The Composite Scheme Of Arrangement.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Copy of the Order passed by the Hon'ble National Company Law Tribunal, Indore Bench ('Tribunal'), sanctioning the Composite Scheme of Arrangement amongst HEG Limited ('Company' or 'Demerged Company' or 'Transferee Company'), HEG Graphite Limited ('Resulting Company') and Bhilwara Energy Limited ('Transferor Company') and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Scheme').
HEG Limited Has Informed The Exchange About Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015
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Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
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Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Participation in Investor Conference
Re-Lodgement Of Transfer Requests Of Physical Shares For The Month Of July, 2026
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Assignment / Review Of ESG Rating By CRISIL ESG Ratings & Analytics Limited (ISIN: INE545A01024)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation, 2015
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HEG Ltd
About
HEG Ltd is a leading Indian manufacturer and exporter of graphite electrodes and other carbon-based products. Headquartered in Mandideep, Madhya Pradesh, the company operates one of the world’s largest single-site graphite electrode plants and is an integral supplier to the global and domestic steel industry. Established in 1972, HEG Ltd forms part of the LNJ Bhilwara Group, a diversified conglomerate with interests across textiles, power generation, and infrastructure.
HEG's operations are vertically integrated with in-house capabilities ranging from raw material procurement to finished product processing, ensuring consistent quality and supply reliability. The company’s primary focus lies in the production of ultra-high power (UHP) graphite electrodes, which are critical consumables in electric arc furnace (EAF) steelmaking. HEG exports a substantial portion of its output, with a diversified client base across the Americas, Europe, Middle East, and Asia.
Business Model & Strategy
HEG Ltd earns its revenue primarily through the manufacture and sale of graphite electrodes, carbon products, and related specialty products servicing the global steel and metallurgical industries. The company benefits from its scale, integrated operations, advanced R&D, and long-term customer relationships.
Strategically, HEG has focused on process innovation, upgrading electrode capacity, backward integration (own captive power plants), and cost efficiency to sustain margins in a cyclical commodity environment. Growth vectors include tapping into demand from emerging markets, expanding its value-added portfolio (e. g.
, specialty graphite), and pursuing opportunities in green energy, such as advanced graphite materials for electric vehicle and battery applications.
Management Overview
15 MembersMr.RAVI JHUNJHUNWALA
Executive Director-Chairperson related to Promoter-CEO-MDMr.RIJU JHUNJHUNWALA
Non-Executive - Non Independent DirectorMr.SHEKHAR AGARWAL
Non-Executive - Non Independent DirectorOmPrakashAjmera
Group Chief Financial OfficerMr.KAMAL GUPTA
Non-Executive - Non Independent DirectorMs.VINITA SINGHANIA
Non-Executive - Non Independent DirectorMr.SATISH CHAND MEHTA
Non-Executive - Independent DirectorMs.RAMNI NIRULA
Non-Executive - Independent DirectorMr.JAYANT DAVAR
Non-Executive - Independent DirectorMr.MANISH GULATI
Executive DirectorMr.NAND GOPAL KHAITAN
Non-Executive - Independent DirectorMr.SANDIP SOMANY
Non-Executive - Independent DirectorMr.PRIYA SHANKAR DASGUPTA
Non-Executive - Independent DirectorMr.Ravi Kant Tripathi
Chief Financial OfficerVivekChaudhary
Company Secretary & Compliance OfficerAwards & Recognition
5 Awards- Featured in Fortune India 500 (2023, 2024)
- CII National Award for Excellence in Energy Management (2023)
- CDP Climate disclosures (active participant, 2023-24)
- Included in Dun & Bradstreet’s India's Top 500 Companies (2024)
- BSE ESG Leader recognition (2024)
Market Information
Company Timeline
53+ Years of Excellence | 9 Major Milestones
Company incorporated as Hindustan Electro Graphites Ltd.
Commercial production commenced at Mandideep plant.
First major capacity expansion.
Renamed as HEG Ltd.
Upgraded production line to cater to UHP electrodes.
Global surge in electrode demand drives record profitability.
Debottlenecking completed; production capacity reaches 80,000 MT per annum.
Launched new R&D initiatives in specialty and green graphite materials.
Enhanced ESG disclosures and strategy; recognized as BSE ESG Leader.
The Next Evolution
Contact Information
Registered Office
Near Bhopal, Mandideep
Tel: 07480-233524 / 233525 / 233526 / 233527 / 405500,
Fax: 07480-233522,
Email: heg.investor@lnjbhilwara.com
Website: hegltd.com
Registrars
MCS Share Transfer Agent Ltd
Tel: 011 - 41406149 / 41406150 / 41406151
Email: mcssta@rediffmail.com
Corporate Actions
14| Purpose | Ex Date | Record Date | BC Start | BC End |
|---|---|---|---|---|
Final Dividend ₹3.40 per share | 22 Jul 2026 Wednesday | 22 Jul 2026 Wednesday | - | - |
Final Dividend ₹1.80 per share | 13 Aug 2025 Wednesday | 13 Aug 2025 Wednesday | - | - |
Stock Split From Rs.10/- to Rs.2/- | 18 Oct 2024 Friday | 18 Oct 2024 Friday | - | - |
Final Dividend ₹22.50 per share | 31 Jul 2024 Wednesday | - | 01 Aug 2024 Thursday | 07 Aug 2024 Wednesday |
Final Dividend ₹42.50 per share | 24 Aug 2023 Thursday | - | 25 Aug 2023 Friday | 31 Aug 2023 Thursday |
Final Dividend ₹40 per share | 24 Aug 2022 Wednesday | - | 26 Aug 2022 Friday | 01 Sep 2022 Thursday |
Final Dividend ₹3 per share | 19 Jul 2021 Monday | 21 Jul 2021 Wednesday | - | - |
Interim Dividend ₹25 per share | 17 Feb 2020 Monday | 19 Feb 2020 Wednesday | - | - |
Final Dividend ₹50 per share | 09 Aug 2019 Friday | - | 14 Aug 2019 Wednesday | 20 Aug 2019 Tuesday |
Buy Back of Shares | 07 Feb 2019 Thursday | 09 Feb 2019 Saturday | - | - |
Interim Dividend ₹30 per share | 12 Nov 2018 Monday | 13 Nov 2018 Tuesday | - | - |
Final Dividend ₹50 per share | 13 Jul 2018 Friday | - | 17 Jul 2018 Tuesday | 23 Jul 2018 Monday |
Interim Dividend ₹30 per share | 15 Feb 2018 Thursday | 19 Feb 2018 Monday | - | - |
Dividend ₹3 per share | 14 Sep 2015 Monday | - | 16 Sep 2015 Wednesday | 22 Sep 2015 Tuesday |
₹14,068 Cr.
₹730
₹754 / 460
39.26
₹246.55
2.96
₹18.59
₹2.00
0.47 %
Manage Ratio
FINANCIALS
| Annual Results | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | 6,702 | 2,293 | 1,369 | 2,281 | 2,576 | 2,537 | 2,287 | 2,709 | 2,937 |
| Expenses | - | - | - | 2,025 | 2,263 | 1,400 | 1,761 | 1,977 | 2,223 | 2,144 | 2,421 | 2,625 |
| Profit | - | - | - | 3,026 | 68 | -17.94 | 431 | 532 | 312 | 115 | 341 | 359 |
| Tax | - | - | - | 1,627 | -24.09 | -5.46 | 129 | 145 | 84 | 45 | 66 | 88 |
| EPS | - | - | - | 758 | 18 | -4.65 | 112 | 138 | 81 | 6 | 18 | 6.34 |
| Ratios | - |
Cash Flow
Consolidated Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 5,144 | 4,438 | 4,244 | 5,308 | 5,692 | 5,701 | 5,648 | 6,166 | - |
| Equity And Liabilities | - | - | - | 5,144 | 4,438 | 4,244 | 5,308 | 5,692 | 5,701 | 5,648 | 6,166 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Mar 2016 12 Apr '16 | Mar 2017 31 Mar '17 | Mar 2018 31 Mar '18 | Mar 2019 18 Apr '19 | Mar 2020 05 May '20 | Mar 2021 14 Apr '21 | Mar 2022 08 Apr '22 | Mar 2023 13 Apr '23 | Mar 2024 08 Apr '24 | Mar 2025 18 Apr '25 | Mar 2026 08 Apr '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | - | - | - | - | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | 61.24% | 59.62% | 59.62% | 55.13% | 55.78% | 55.78% | 55.78% | 56.28% | - |
| Non Institutions | - | - | - | 23.47% | 21.91% | 23.54% | 27.77% | 31.69% | 26.96% | 25.38% | 24.86% | - |
| FII | - | - | - | - | - | - | - | 6.25% | 6.86% | 7.19% | 10.24% | - |
| DII | - | - | - | - | - | - | - | 6.27% | 10.39% | 11.65% | 8.62% | - |
| Total | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
HEG Ltd
HEG Ltd
HEG Ltd is a leading Indian manufacturer and exporter of graphite electrodes and other carbon-based products. Headquartered in Mandideep, Madhya Pradesh, the company operates one of the world’s largest single-site graphite electrode plants and is an integral supplier to the global and domestic steel industry. Established in 1972, HEG Ltd forms part of the LNJ Bhilwara Group, a diversified conglomerate with interests across textiles, power generation, and infrastructure.
HEG's operations are vertically integrated with in-house capabilities ranging from raw material procurement to finished product processing, ensuring consistent quality and supply reliability. The company’s primary focus lies in the production of ultra-high power (UHP) graphite electrodes, which are critical consumables in electric arc furnace (EAF) steelmaking. HEG exports a substantial portion of its output, with a diversified client base across the Americas, Europe, Middle East, and Asia.
HEG Ltd earns its revenue primarily through the manufacture and sale of graphite electrodes, carbon products, and related specialty products servicing the global steel and metallurgical industries. The company benefits from its scale, integrated operations, advanced R&D, and long-term customer relationships.
Strategically, HEG has focused on process innovation, upgrading electrode capacity, backward integration (own captive power plants), and cost efficiency to sustain margins in a cyclical commodity environment. Growth vectors include tapping into demand from emerging markets, expanding its value-added portfolio (e. g.
, specialty graphite), and pursuing opportunities in green energy, such as advanced graphite materials for electric vehicle and battery applications.
Featured in Fortune India 500 (2023, 2024)
CII National Award for Excellence in Energy Management (2023)
CDP Climate disclosures (active participant, 2023-24)
Included in Dun & Bradstreet’s India's Top 500 Companies (2024)
BSE ESG Leader recognition (2024)
Company incorporated as Hindustan Electro Graphites Ltd.
Commercial production commenced at Mandideep plant.
First major capacity expansion.
Renamed as HEG Ltd.
Upgraded production line to cater to UHP electrodes.
Global surge in electrode demand drives record profitability.
Debottlenecking completed; production capacity reaches 80,000 MT per annum.
Launched new R&D initiatives in specialty and green graphite materials.
Enhanced ESG disclosures and strategy; recognized as BSE ESG Leader.
Peer Comparison
| S.No. | Company Name | CMP (₹) | Market Cap (₹ Cr) | Div Yld (%) | NP Qtr (₹ Cr) | Qtr Profit Var (%) | Sales Qtr (₹ Cr) | Qtr Sales Var (%) | ROCE (%) | ROE (%) | Book Value (₹) | EPS TTM (₹) | TTMPE Ratio (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Coming Soon
Heatmap View
Premium Feature| Company | CMP (₹) | MCap (₹ Cr) | EPS TTM (₹) | ||||||||||
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Financial Ratios
Premium Feature| Company Name | P/E (TTM) | EPS (₹) | D/E | NPM | GPM | ROE (%) | ROCE (%) | P/B | |||||
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Coming Soon