Would you buy HEG(Hindustan Electro Graphite) ? - Fundamental Analysis
Would you buy HEG(Hindustan Electro Graphite) ? - Fundamental Analysis The Graphite Electrode Company - HEG (Hindustan Electro Graphite) is engaged its business in manufacturing of Graphite Electrodes, Carbon Speciality and Power. It was started by the LNJ Bhilwara Group in India, where the exports are over 70 percent of its production to more than 30 countries across the World The First time in the last 40 years, the company had suffered a loss of Rs. 8 Crore in the FY2015-16. In the year of 2015-16, HEG shares was trading between Rs. 120 - RS. 230/- Then the Share price were taken enormously to 25 times in the year 2018-19. The Demand in Graphite Electrodes across the world was loaded its earnings to multi profit. Currently, the Market Cap is around Rs. 6,600 Crore after the buy back completion of Rs. 5,500/- per share in the month of April 2019. The Current market price is trading in the 2 year low as the sector was seen as Sluggish. The Book value of HEG Ltd was seen of Rs. 964 per...