Decarbonization Policies And EAF Expansion Will Drive Demand

Published
11 Feb 25
Updated
22 Aug 25
AnalystConsensusTarget's Fair Value
₹590.00
17.5% undervalued intrinsic discount
22 Aug
₹486.70
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1Y
20.4%
7D
-3.5%

Author's Valuation

₹590.0

17.5% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on22 Aug 25
Fair value Increased 5.36%

The consensus Analyst Price Target for HEG has increased to ₹590.00, reflecting a higher future P/E multiple despite a stable net profit margin. What's in the News Board approved expansion of Graphite Electrodes capacity by 15,000 TPA (current: 100,000 TPA; utilization: 85–90%) over 30 months with INR 6,500 million investment via internal accruals and debt if needed, citing structural industry changes and strong expected payback.

Shared on01 May 25
Fair value Increased 25%

Shared on23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on17 Apr 25
Fair value Decreased 3.64%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Decreased 0.11%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on13 Mar 25
Fair value Decreased 17%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.