India’s leading manufacturer and exporter of graphite electrodes in focus after its subsidiary has entered into a Non-Binding Memorandum of Understanding (MOU) with Ceylon Graphene Technologies (CGT) with regard to advancing graphene technology and unlocking its vast potential for diverse applications.
Price Action
With a market capitalization of Rs. 8,719.69 cr, the shares of HEG Ltd. were trading at Rs. 428.60 per equity share, down over 5 percent from its previous day’s close price of Rs. 452.15 per equity share. The shares have fallen nearly 14 percent over the past four trading sessions.
What Happened
HEG Ltd., part of the LNJ Bhilwara Group, which operates the world’s largest single-site integrated graphite electrode plant in focus after Its subsidiary, TACC Limited, has signed a Non-Binding Memorandum of Understanding (MOU) with Ceylon Graphene Technologies (CGT) for advanced graphene technology and its applications.
TACC Limited is a key player in advanced materials, specializing in synthetic graphite with a focus on green technologies. CGT, a Sri Lanka-based LOLC subsidiary, leverages the country’s high-purity vein graphite and material science expertise to deliver innovative graphene products.
The MOU establishes a strategic collaboration to combine TACC’s synthetic graphite expertise with Sri Lanka’s premium vein graphite, aiming to develop high-quality graphene materials and solutions for transformative industrial applications.
Financials
HEG Ltd has reported a 5 percent fall in revenue of Rs 642.19 cr in Q2FY24 to Rs 610.55 cr in Q2FY25. This was also accompanied by a decrease of 14 percent in net profit from Rs. 95.98 cr to Rs. 82.28 cr.
In terms of return ratios, it has reported a return on equity (ROE) of 4.09% percent and a return on capital employed (ROCE) of 5.35% percent. In terms of liquidity ratios, the company reported a debt-to-equity ratio of 0.13.
Written by Shwetha Sairam
