Most welcome to this web post. This article will discuss the HEG share price target 2023, 2024, 2025, 2026, and 2030. Firstly, we will know what HEG is limited to and then what are HEG’s financial trends and share price targets for 2023 to 2030.
Some of the investors say which company manufactures electric equipment will always grow. HEG Limited is one of the electric equipment manufacturing companies and has given its investors losses in the last few years. Now, you are considering whether you should invest in it.
This predicts the HEG share price target from 2023 to 2030. Read the complete article and understand everything carefully; after that, you can make a good decision yourself. Be connected till the end.
About HEG limited
HEG Limited is a manufacturing company of graphite electrodes. It also manufactures graphite granules and powder. This company produces a different variety of graphite electrodes, and these electrodes are used by the aluminum and steel industries for electric arc furnace smelting.
It has a big Indian market and exports its products to international markets.
Initially, it manufactured only graphite electrodes and promoted them in the market. But later, it expanded its product portfolio and started manufacturing graphite granules and powder. It is headquartered in Madhya.
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HEG Financial Trends
| Year | Revenue | Profit |
| 2019 | INR 6,593 Cr | INR 3,026 Cr |
| 2020 | INR 2,149 Cr | INR 67.63 Ce |
| 2021 | INR 1,256 Cr | INR -17.94 Cr |
| 2022 | INR 2,202 Cr | INR 431 Cr |
Fundamentals of HEG Limited
| P/E Ratio | 7.19 |
| ROE | 11.64% |
| EPS | 147 |
| Book Value | 1056 |
These are the fundamentals of HEG Limited. Its financial trends are bad. That’s why its stock price is decreasing, and it has been giving low returns to its investors in the past few years. Financial factor is not the only factor that affects stock price. But there are other factors you must also keep an eye on.
HEG Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, and 2030
| Year | Ist Target | IInd Target |
| 2023 | INR 1100 | INR 1120 |
| 2024 | INR 1250 | INR 1280 |
| 2025 | INR 1400 | INR 1450 |
| 2030 | INR 2400 | INR 2500 |
HEG Share Price Target 2023
The expected HEG share price target 2023 could reach INR 1100 and it can reach as maximum as INR 1120.
HEG Share Price Target 2024
The expected HEG share price target 2024 could reach INR 1250 and it can reach as maximum as INR 1280.
HEG Share Price Target 2025
The expected HEG share price target 2025 could reach INR 1400 and it can reach as maximum as INR 1450.
HEG Share Price Target 2030
The expected HEG share price target 2030 could reach INR 2400 and it can reach as maximum as INR 2500.
Is It worth buying HEG shares?
If we observe HEG Limited’s past year performance, it has not given good returns to its customers in the last few years. Although, it has given -35% returns to its investors in the last year. If we see the last 6-month returns, it has given -6%. These returns are not good. It means that its financial trends are not good. Before investing in any stock, you must observe all the factors such as market analysis, business analysis, product portfolio, etc.
It earned a huge profit in 2019, i.e., INR 3,026 Cr, but in 2022, it earned INR 431 Cr, a huge drop. By seeing this decline, anyone is not willing to invest in HEG Limited shares.
Conclusion
This article is based on prediction. Experts have predicted the target price for 2023, 2024, 2025, 2026, and 2030. It doesn’t mean that the HEG share price will surely reach the price mentioned above in this article. Don’t invest in any stock after seeing the expected target price. Before investing, always talk to a financial advisor. After seeing the stock price drop, anyone loses interest in investing in this share.
In this article, we have discussed what HEG Limited is and what will be the expected share price target. Hope so you like this information.
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Frequently Asked Questions
Is HEG a debt-free company?
No, HEG is not a debt-free company. It has a debt of around INR 1,066 Cr, which is very small. They are trying to minimize it.
What will be the HEG share price target 2025?
HEG share price target 2025 could reach INR 1400 and it can reach as maximum as INR 1450.
