HEG Ltd

HEG is engaged in a leading manufacturer and exporter of graphite electrodes in India and operates worlds largest single-site integrated graphite electrodes plant.(Source : 201903 Annual Report Page No: 124)

  • Market Cap: 3,075 Cr.
  • Current Price: 795.75
  • 52 weeks High / Low 1474.00 / 409.60
  • Book Value: 909.88
  • Stock P/E:
  • Dividend Yield: 3.14 %
  • ROCE: 139 %
  • ROE: 105 %
  • Sales Growth (3Yrs): 96.44 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.87 times its book value
Stock is providing a good dividend yield of 3.14%.
Company has a good return on equity (ROE) track record: 3 Years ROE 77.04%
Debtor days have improved from 116.09 to 65.73 days.
Cons:
Company has low interest coverage ratio.
** Remarks:
Return on equity is exceptional

Peer comparison Sector: Capital Goods-Non Electrical Equipment // Industry: Electrodes - Graphites

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,587 1,794 1,865 1,347 817 564 394 374 233
399 425 552 559 469 425 389 872 245
Operating Profit 1,188 1,369 1,313 788 348 139 5 -497 -11
OPM % 75% 76% 70% 59% 43% 25% 1% -133% -5%
Other Income 8 20 37 42 39 35 27 42 46
Interest 2 5 4 6 9 10 9 9 6
Depreciation 18 18 19 18 18 18 18 19 18
Profit before tax 1,177 1,366 1,329 806 360 146 6 -483 11
Tax % 35% 35% 35% 35% 35% -22% -8% 24% 2%
Net Profit 776 903 865 482 243 202 -1 -377 14
EPS in Rs 194.11 225.93 216.58 124.96 63.08 52.42 -0.32 -97.67 3.71
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,115 1,102 1,417 1,619 1,440 1,228 870 859 2,748 6,591 1,566
772 880 1,175 1,326 1,199 1,046 733 778 1,027 1,933 1,931
Operating Profit 343 222 242 293 240 182 137 81 1,721 4,658 -365
OPM % 31% 20% 17% 18% 17% 15% 16% 9% 63% 71% -23%
Other Income 10 25 -77 -41 2 15 4 7 12 109 151
Interest 59 22 41 64 72 77 60 55 56 18 33
Depreciation 51 57 58 63 73 75 79 74 73 72 72
Profit before tax 242 168 67 125 97 44 1 -41 1,605 4,677 -320
Tax % 29% 23% 7% 16% 11% 12% 886% -23% 33% 35%
Net Profit 185 121 57 100 81 36 4 -44 1,099 3,026 -162
EPS in Rs 41.73 26.72 13.51 23.77 19.18 8.52 1.10 0.00 275.11 784.06 -41.86
Dividend Payout % 23% 35% 35% 32% 30% 33% 0% -0% 29% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:35.57%
3 Years:96.44%
TTM:-73.11%
Compounded Profit Growth
10 Years:%
5 Years:98.09%
3 Years:950.95%
TTM:-106.48%
Stock Price CAGR
10 Years:9.56%
5 Years:34.59%
3 Years:19.28%
1 Year:-16.14%
Return on Equity
10 Years:%
5 Years:56.21%
3 Years:77.04%
Last Year:105.06%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
43 43 40 40 40 40 40 40 40 39 39
Reserves 790 868 809 905 960 974 956 913 1,868 3,755 3,473
Borrowings 731 910 1,269 1,396 1,027 917 782 684 297 666 594
234 231 327 358 478 315 176 216 534 684 332
Total Liabilities 1,797 2,052 2,446 2,700 2,506 2,246 1,953 1,853 2,739 5,144 4,438
658 659 745 718 941 907 932 889 833 788 745
CWIP 58 79 128 215 119 108 27 1 2 19 101
Investments 169 196 156 152 174 223 227 231 248 942 1,245
912 1,118 1,416 1,615 1,273 1,009 767 732 1,656 3,396 2,348
Total Assets 1,797 2,052 2,446 2,700 2,506 2,246 1,953 1,853 2,739 5,144 4,438

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
304 38 27 115 773 276 249 157 594 1,465
-49 -143 -165 -145 -294 -83 -29 -1 -9 -653
-256 113 144 26 -482 -202 -219 -153 -588 -788
Net Cash Flow -2 7 6 -3 -3 -8 1 3 -3 24

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 11% 10% 11% 9% 6% 3% 1% 86% 139%
Debtor Days 144 131 126 135 133 121 134 153 129 66
Inventory Turnover 1.32 1.43 1.47 1.44 1.55 1.15 1.62 1.67 1.43

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
61.04 61.04 61.04 61.04 61.04 61.04 61.24 61.24 59.62 59.62 59.62 59.62
2.67 3.09 3.97 5.35 8.23 8.00 5.75 6.67 7.23 10.16 11.04 11.17
12.07 11.96 11.78 11.65 10.91 10.57 9.54 9.68 9.62 8.05 7.42 7.42
24.22 23.91 23.22 21.96 19.83 20.39 23.47 22.41 23.52 22.17 21.91 21.79

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