HEG Share Price target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | HEG Limited Financial Trends, Fundamentals, Businesses, Future Plans and more
Many investors say that the company manufacturing electrical equipment will always see growth. A company comes out of this, whose name is HEG Limited. But it has been giving losses to its investors for a few years. So it comes whether it is right to invest in HEG Limited or not.
Hey friends, to dispel this confusion of yours, today we have brought the stock analysis of HEG. In which we will try to understand its business well and decide whether you want to invest in it or not.
Basically, through this article, we will talk about the HEG Share Price Target after understanding the company well. So stay with this blog till the end so that you can take the right decision whether you want to invest in it or not, so let’s get started.
About HEG Limited
HEG Limited is a leading manufacturer of graphite electrodes in India. The company produces a wide range of graphite electrodes, which are used in the steel and aluminum industries for electric arc furnace smelting. HEG also manufactures other graphite products, such as graphite powder and graphite granules. The company is headquartered in Madhya Pradesh, India, and has a strong presence in both the domestic and international markets.
HEG Limited operates primarily in the manufacturing and sales of graphite electrodes, which are used in the steel and aluminum industries for electric arc furnace smelting. The company also manufactures other graphite products, such as graphite powder and graphite granules.
Also Read – Graphite India Share Price Target
HEG Financial Trends
If we talk about the Revenue and Profit of HEG company then –
Its revenue in 2019 has been ₹ 6,593 Cr and profit is ₹ 3026 Cr. There was a revenue of ₹ 2,149 Cr in 2020 and a profit of ₹ 67.63 Cr. In the same 2021, there was a profit of ₹ -17.94 crore with a revenue of ₹ 1,256 Cr. And this year i.e. in 2022 there has been a profit of ₹ 431 Cr with a revenue of ₹ 2,202 Cr.
HEG Share Price target 2023, 2024, 2025, 2026, 2030 table list
|HEG Share Price Target
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HEG Share Price target 2023
Share Price Target of HEG for the year 2023 can be INR 1100 and maximum price can be INR 1120.
HEG Share Price target 2024
Share Price Target of HEG for the year 2024 can be INR 1250 and maximum price can be INR 1280.
HEG Share Price target 2025
Share Price Target of HEG for the year 2025 can be INR 1400 and maximum price can be INR 1450.
HEG Share Price target 2030
Share Price Target of HEG for the year 2030 can be INR 2400 and maximum price can be INR 2500.
Is HEG Share Good To Buy?
HEG company’s stock is not performing well for the last few years. It has given returns of -35% in the last one year i.e. from February 2022 to February 2023. While in last 6 months it has given a returns of -6% which is not considered good. Past performance of such a stock is not considered good, but we cannot predict its future just by looking at its past performance. That’s why we will also see its technical, due to which you can decide whether to invest in it or not.
Talking about its fundamentals so it’s good enough. HEG’s P/E ratio is 7.19 while its ROE and its EPS is 11.64% and 147 respectively. Its book value is 1056 and it is trading around its book value which is good. So its fundamentals are fine, so why is its stock price is falling? This is because of HEG bad financial trends.
If we look at its financial trends, it has seen a decline for 4 consecutive years. Its profit was 3026 crores in 2019, while in 2022 its profit was 431 crores. So due to the huge decline in its profit, its share price is also seen to decline. If the company has a good profit, then only its shares will see an upswing, otherwise it will be a bit difficult to invest in it. For more details about HEG Share Price Target , watch this video –
If you are investing in this share only while looking HEG Share Price Target, then do not do this so, because target price depends one various factors which changes time to time. So our opinion always will be that one’s do research by yourself and invest, and yes, do not invest your money by taking loan.
That’s all in this article, we have tried to understand and predict HEG Share Price Target 2023, 2024, 2025, 2026, 2030 very well. If you feel that we have missed something or we need to improve a little more in this, then you can tell by commenting. Because each of your helpful comments helps us in giving good content to the readers like you. Thankyou…
Is HEG a Debt free company?
No, Graphite India as a debt of ₹1,066 crore which is low, and considering good.
What will be the share price of HEG in 2025?
After doing lots of analysis about this stocks, share price of HEG in 2025 can be around INR 1400 – INR 1450.
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DISCLAIMER – Stock Market Investment are subject to market risks, read all scheme related documents carefully before investing.