HEGNSEHEG Limited· Industrial ProductsHighNeutral
Announced Mon, 19 May, 2025 · 19:25 IST

HEG Limited has informed the Exchange about Appointment of Secretarial Auditor, Cost Auditor, Internal Auditor and Tax Auditor

Going ConcernEmphasis Of MatterRevenue DeclineEbitda Margin CompressionResults RestatedExceptional ItemResults View source PDFExplain this filing

HEG · price

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Price reactionminutes from the announcement price · days from the prior close
-6.4%Reaction day
₹528.29
prior close
₹515.00
announcement price
After-mkt
timing
Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%-5.5% vs market
Electrodes & Refractories peers, median of 10sector-1.4%-5.1% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Smallcap 250 and 5.1 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
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Reaction day
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Next day
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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HEG Limited announced audited standalone and consolidated financial results for Q4 and FY25 (year ended March 31, 2025), reporting a sharp drop in profitability. Standalone revenue from operations fell to Rs 2,152.71 crore from Rs 2,394.90 crore a year earlier, a decline of about 10%. Standalone profit after tax for FY25 nearly halved to Rs 101.31 crore (from Rs 231.54 crore in FY24), while Q4 FY25 alone swung to a standalone loss after tax of Rs 61.58 crore versus a profit of Rs 35.15 crore in Q4 FY24. The Board recommended a final dividend of Rs 1.80 per share on the Rs 2 face value stock. It also approved the appointment of GSK & Associates as Secretarial Auditor for five years and re-appointed N.D. Birla & Co. as Cost Auditor, S.L. Chhajed & Co. LLP as Internal Auditor for FY26, and SCV & Co. LLP as Tax Auditor. The auditor issued an unmodified opinion on results, but flagged emphasis-of-matter notes on going-concern uncertainty at Chango Yangthang Hydro Power and project write-offs at NfC Hydro Power (both part of associate Bhilwara Energy).

Likely market impact

Shareholders will see weaker full-year earnings and a quarterly loss, though the dividend and clean audit opinion are positives. The pending Graphite Business demerger scheme and share sub-division (1 share of Rs 10 split into 5 shares of Rs 2) continue to be in focus, alongside cost pressure evident in margin compression.