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SFP RESEARCH

15th May 2025 · SEBI-Registered Analyst

HEG Limited, established in 1972 and headquartered in Noida, India, is a leading manufacturer and exporter of graphite electrodes. As part of the LNJ Bhilwara Group, HEG operates the world's largest single-site integrated graphite electrodes plant located in Mandideep, near Bhopal, Madhya Pradesh. This facility has a production capacity of approximately 80,000 metric tonnes per annum and is supported by captive power generation units totaling around 76.5 megawatts, ensuring energy self-sufficiency for its operations . HEG's product portfolio includes ultra-high power (UHP) and high power (HP) graphite electrodes, graphite specialties, carbon blocks, and activated carbon fabric products. These products are essential consumables in electric arc furnaces used by steel manufacturers. The company also operates thermal power plants and a hydroelectric power facility, contributing to its power generation segment . Financially, as of the fiscal year ending March 31, 2024, HEG reported consolidated revenues of ₹2,164 crore and a net profit of ₹222 crore. The company maintains a healthy dividend payout ratio of approximately 31.5% and has a low debt-to-equity ratio, reflecting its strong financial position . Screener Under the leadership of Chairman and Managing Director Ravi Jhunjhunwala, HEG continues to focus on innovation and sustainability, reinforcing its position as a key player in the global graphite electrode industry.

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