HEG Ltd announces first ever stock split. What Investors need to know
HEG Ltd announces first ever stock split . HEG Ltd is a part of LNJ Bhilwara Group , is a leading manufacturer and exporter of graphite electrodes in India. It has World’s Largest Single Site Graphite Electrode Plant at Bhopal.
The company sells its products globally, generating a whopping of 69% revenue from its exports.
Graphite contributes to 99% of its revenue while Power contributes only 1%.
HEG Ltd stock split
On 24/09/2024 , HEG Ltd announced its first ever stock split in the ratio of 1:5 . As per the company, 1 (One) Equity Share of the Company of the face value of Rs. 10/- (Rupees Ten Only) each fully paid up be sub-divided/split into 5 (Five) Equity Shares of the Company of face value of Rs.2/- (Rupees Two Only) each fully paid up equity shares.
The company has set 18 October,2024 as its Record date. Investors holding HEG Ltd shares on the closing of 17 October 2024 will be considered as the beneficiaries of the stock split.
The shares of the company closed at Rs 2309/share at the end of the market as per NSE data which is 2.5% up from the previous day’s closing price.
Also Read : Why shares of HEG and Graphite India are surging today
HEG Ltd Financials
| Metrics | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales (₹ crore) | 1,254 | 2,201 | 2,463 | 2,393 | |
| Operating Profit (₹ crore) | -53 | 530 | 619 | 382 | |
| OPM % | -4% | 24% | 25% | 16% | |
| Net Profit (₹ crore) | -18 | 431 | 532 | 312 |
The data shows that Sales has declined by 2.84 % & Profits declined by 41.35 %.
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.