Graphite electrodes maker’s Board is likely to announce a stock split for the first-time ever!

The stock is up by 46 per cent from its 52-week low of Rs 1,466.85 per share.

HEG Ltd informed that the Board of Directors of the company is holding a board meeting on August 13, 2024. The primary agenda includes reviewing and approving the company's unaudited financial results for the quarter ending June 30, 2024. Additionally, the board will consider a proposal to subdivide or split the company's existing equity shares, subject to shareholder and regulatory approvals.

HEG Ltd is a leading Indian manufacturer and exporter of graphite electrodes, boasting the world's largest single-site integrated plant for this specialized product. As a cornerstone of the LNJ Bhilwara Group, which also operates in IT services, power generation, and textiles, HEG specializes in producing various grades of graphite electrodes, including ultra-high power, high power, and regular power options. The company operates in a high-tech industry with significant entry barriers, a market it successfully entered in 1976. HEG's dominance is underscored by its status as the world's largest single-site graphite electrode plant.

The company has a market cap of over Rs 7,600 crore and has been maintaining a healthy dividend payout of 31.5 per cent. The shares of the company have a PE of 26x, an ROE of 8 per cent and an ROCE of 9 per cent. On Tuesday, shares of HEG Ltd gained 3.77 per cent to an intraday high of Rs 2,135.76 per share. The stock is up by 46 per cent from its 52-week low of Rs 1,466.85 per share. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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