Buy HEG, price target Rs 1,210: Kunal Bothra

Kunal Bothra has a buy call on HEG Ltd. with a target price of Rs 1210.0 . The current price of HEG Ltd. is Rs 1141.7 . Kunal Bothra recommended to keep a stoploss at Rs 1125 .

HEG Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 4333.89 Crore) operating in Industrial Consumables sector.

HEG Ltd. key Products/Revenue Segments include Electrodes Graphite which contributed Rs 6429.11 Crore to Sales Value (97.51 % of Total Sales), Export Incentives which contributed Rs 153.16 Crore to Sales Value (2.32 % of Total Sales), Power which contributed Rs 7.20 Crore to Sales Value (0.10 % of Total Sales), Fly Ash which contributed Rs 1.71 Crore to Sales Value (0.02 % of Total Sales) and Other Operating Revenue which contributed Rs 1.64 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 564.38 Crore, down -30.88 % from last quarter Sales of Rs 816.51 Crore and down -68.54 % from last year same quarter Sales of Rs 1793.80 Crore Company has reported net profit after tax of Rs 179.03 Crore in latest quarter.

The company’s top management includes Dr.Kamal Gupta, Dr.O P Bahl, Mr.Jayant Davar, Mr.L N Jhunjhunwala, Mr.Ravi Jhunjhunwala, Mr.Riju Jhunjhunwala, Mr.S N Bhattacharya, Mr.Satish Chand Mehta, Mr.Shekhar Agarwal, Mrs.Ramni Nirula, Mrs.Vinita Singhania. Company has SCV & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 38,595,506 shares outstanding.