25 XP   0   0   10

HEG Limited
Buy, Hold or Sell?

Let's analyse HEG Limited together

PenkeI guess you are interested in HEG Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of HEG Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about HEG Limited

I send you an email if I find something interesting about HEG Limited.

Quick analysis of HEG Limited (30 sec.)










What can you expect buying and holding a share of HEG Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR1.91
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR1,109.17
Expected worth in 1 year
INR1,489.81
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR540.07
Return On Investment
29.3%

For what price can you sell your share?

Current Price per Share
INR1,844.05
Expected price per share
INR1,605 - INR2,011
How sure are you?
50%

1. Valuation of HEG Limited (5 min.)




Live pricePrice per Share (EOD)

INR1,844.05

Intrinsic Value Per Share

INR-2,007.44 - INR314.79

Total Value Per Share

INR-898.27 - INR1,423.96

2. Growth of HEG Limited (5 min.)




Is HEG Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$513.7m$469.6m$44m8.6%

How much money is HEG Limited making?

Current yearPrevious yearGrowGrow %
Making money$63.8m$51.7m$12.1m19.0%
Net Profit Margin21.6%19.8%--

How much money comes from the company's main activities?

3. Financial Health of HEG Limited (5 min.)




4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#106 / 464

Most Revenue
#88 / 464

Most Profit
#32 / 464

What can you expect buying and holding a share of HEG Limited? (5 min.)

Welcome investor! HEG Limited's management wants to use your money to grow the business. In return you get a share of HEG Limited.

What can you expect buying and holding a share of HEG Limited?

First you should know what it really means to hold a share of HEG Limited. And how you can make/lose money.

Speculation

The Price per Share of HEG Limited is INR1,844. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of HEG Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in HEG Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR1,109.17. Based on the TTM, the Book Value Change Per Share is INR95.16 per quarter. Based on the YOY, the Book Value Change Per Share is INR108.45 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR39.86 per quarter.
Based on historical numbers we can estimate the returns while holding a share of HEG Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.660.1%1.660.1%1.340.1%2.450.1%1.580.1%
Usd Book Value Change Per Share1.140.1%1.140.1%1.300.1%1.670.1%1.050.1%
Usd Dividend Per Share0.480.0%0.480.0%0.040.0%0.480.0%0.360.0%
Usd Total Gains Per Share1.620.1%1.620.1%1.340.1%2.150.1%1.410.1%
Usd Price Per Share11.05-11.05-16.51-15.21-12.37-
Price to Earnings Ratio6.67-6.67-12.32--53.12--11.38-
Price-to-Total Gains Ratio6.82-6.82-12.33--240.58--112.68-
Price to Book Ratio0.83-0.83-1.36-1.31-1.74-
Price-to-Total Gains Ratio6.82-6.82-12.33--240.58--112.68-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share22.1286
Number of shares45
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.480.48
Usd Book Value Change Per Share1.141.67
Usd Total Gains Per Share1.622.15
Gains per Quarter (45 shares)72.9196.67
Gains per Year (45 shares)291.64386.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
18620628287300377
2172411574174600764
32586178662618991151
4344822115834811991538
54301028145043414991925
65171233174252117992312
76031439203460820982699
86891644232669523983086
97751850261878226983473
108612055291086929983860

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%16.02.00.088.9%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%12.06.00.066.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%18.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%17.01.00.094.4%

Fundamentals of HEG Limited

About HEG Limited

HEG Limited manufactures and sells graphite electrodes in India and internationally. It operates through two segments: Graphite Electrodes and Power Generation. The company provides ultra-high power and high power electrodes; graphite electrodes and nipples; carbon blocks; graphite specialties; and activated carbon fabric products. Its products are used in manufacturing of steel and other nonferrous metals. The company also operates two thermal power plants and a hydroelectric power facility. HEG Limited was incorporated in 1972 and is based in Noida, India.

Fundamental data was last updated by Penke on 2024-03-19 15:09:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of HEG Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit HEG Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of 21.6% means that ₹0.22 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of HEG Limited:

  • The MRQ is 21.6%. The company is making a huge profit. +2
  • The TTM is 21.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ21.6%TTM21.6%0.0%
TTM21.6%YOY19.8%+1.7%
TTM21.6%5Y18.0%+3.5%
5Y18.0%10Y13.3%+4.7%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ21.6%3.8%+17.8%
TTM21.6%3.7%+17.9%
YOY19.8%3.3%+16.5%
5Y18.0%3.2%+14.8%
10Y13.3%3.4%+9.9%
1.1.2. Return on Assets

Shows how efficient HEG Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • 9.4% Return on Assets means that HEG Limited generated ₹0.09 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of HEG Limited:

  • The MRQ is 9.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 9.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ9.4%TTM9.4%0.0%
TTM9.4%YOY8.1%+1.2%
TTM9.4%5Y15.5%-6.1%
5Y15.5%10Y12.3%+3.1%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ9.4%0.9%+8.5%
TTM9.4%1.0%+8.4%
YOY8.1%0.8%+7.3%
5Y15.5%0.9%+14.6%
10Y12.3%1.1%+11.2%
1.1.3. Return on Equity

Shows how efficient HEG Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • 12.4% Return on Equity means HEG Limited generated ₹0.12 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of HEG Limited:

  • The MRQ is 12.4%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 12.4%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ12.4%TTM12.4%0.0%
TTM12.4%YOY11.0%+1.4%
TTM12.4%5Y20.9%-8.5%
5Y20.9%10Y16.8%+4.1%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ12.4%2.0%+10.4%
TTM12.4%1.9%+10.5%
YOY11.0%1.7%+9.3%
5Y20.9%1.8%+19.1%
10Y16.8%2.0%+14.8%

1.2. Operating Efficiency of HEG Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient HEG Limited is operating .

  • Measures how much profit HEG Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • An Operating Margin of 28.5% means the company generated ₹0.29  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of HEG Limited:

  • The MRQ is 28.5%. The company is operating very efficient. +2
  • The TTM is 28.5%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ28.5%TTM28.5%0.0%
TTM28.5%YOY24.7%+3.8%
TTM28.5%5Y23.9%+4.6%
5Y23.9%10Y21.1%+2.8%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ28.5%6.7%+21.8%
TTM28.5%3.4%+25.1%
YOY24.7%4.3%+20.4%
5Y23.9%4.9%+19.0%
10Y21.1%3.7%+17.4%
1.2.2. Operating Ratio

Measures how efficient HEG Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 0.79 means that the operating costs are ₹0.79 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of HEG Limited:

  • The MRQ is 0.791. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.791. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.791TTM0.7910.000
TTM0.791YOY0.792-0.001
TTM0.7915Y0.801-0.010
5Y0.80110Y0.810-0.009
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7911.657-0.866
TTM0.7911.679-0.888
YOY0.7921.676-0.884
5Y0.8011.631-0.830
10Y0.8101.348-0.538

1.3. Liquidity of HEG Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if HEG Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A Current Ratio of 2.17 means the company has ₹2.17 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of HEG Limited:

  • The MRQ is 2.167. The company is able to pay all its short-term debts. +1
  • The TTM is 2.167. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.167TTM2.1670.000
TTM2.167YOY2.336-0.169
TTM2.1675Y2.620-0.452
5Y2.62010Y1.940+0.680
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1671.908+0.259
TTM2.1671.887+0.280
YOY2.3361.909+0.427
5Y2.6201.994+0.626
10Y1.9401.645+0.295
1.3.2. Quick Ratio

Measures if HEG Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 1.62 means the company can pay off ₹1.62 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of HEG Limited:

  • The MRQ is 1.619. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.619. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.619TTM1.6190.000
TTM1.619YOY2.508-0.889
TTM1.6195Y2.395-0.776
5Y2.39510Y1.565+0.830
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6190.887+0.732
TTM1.6190.895+0.724
YOY2.5080.962+1.546
5Y2.3950.985+1.410
10Y1.5650.985+0.580

1.4. Solvency of HEG Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of HEG Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare HEG Limited to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.25 means that HEG Limited assets are financed with 24.8% credit (debt) and the remaining percentage (100% - 24.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of HEG Limited:

  • The MRQ is 0.248. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.248. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.248TTM0.2480.000
TTM0.248YOY0.263-0.015
TTM0.2485Y0.232+0.016
5Y0.23210Y0.362-0.130
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2480.436-0.188
TTM0.2480.447-0.199
YOY0.2630.438-0.175
5Y0.2320.443-0.211
10Y0.3620.433-0.071
1.4.2. Debt to Equity Ratio

Measures if HEG Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 33.0% means that company has ₹0.33 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of HEG Limited:

  • The MRQ is 0.330. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.330. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.330TTM0.3300.000
TTM0.330YOY0.356-0.027
TTM0.3305Y0.304+0.026
5Y0.30410Y0.658-0.354
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3300.766-0.436
TTM0.3300.812-0.482
YOY0.3560.799-0.443
5Y0.3040.819-0.515
10Y0.6580.837-0.179

2. Market Valuation of HEG Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings HEG Limited generates.

  • Above 15 is considered overpriced but always compare HEG Limited to the Electrical Equipment & Parts industry mean.
  • A PE ratio of 6.67 means the investor is paying ₹6.67 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of HEG Limited:

  • The EOD is 13.369. Based on the earnings, the company is underpriced. +1
  • The MRQ is 6.675. Based on the earnings, the company is cheap. +2
  • The TTM is 6.675. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD13.369MRQ6.675+6.694
MRQ6.675TTM6.6750.000
TTM6.675YOY12.321-5.646
TTM6.6755Y-53.124+59.799
5Y-53.12410Y-11.384-41.740
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD13.36915.343-1.974
MRQ6.67513.372-6.697
TTM6.67514.274-7.599
YOY12.32116.091-3.770
5Y-53.12417.732-70.856
10Y-11.38423.147-34.531
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of HEG Limited:

  • The EOD is -19.424. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -9.698. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -9.698. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-19.424MRQ-9.698-9.726
MRQ-9.698TTM-9.6980.000
TTM-9.698YOY-10.619+0.921
TTM-9.6985Y0.157-9.855
5Y0.15710Y3.634-3.477
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-19.4244.318-23.742
MRQ-9.6984.034-13.732
TTM-9.6982.128-11.826
YOY-10.619-2.178-8.441
5Y0.157-0.110+0.267
10Y3.6340.056+3.578
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of HEG Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 0.83 means the investor is paying ₹0.83 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of HEG Limited:

  • The EOD is 1.663. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.830. Based on the equity, the company is cheap. +2
  • The TTM is 0.830. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.663MRQ0.830+0.832
MRQ0.830TTM0.8300.000
TTM0.830YOY1.357-0.527
TTM0.8305Y1.308-0.478
5Y1.30810Y1.737-0.429
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD1.6631.968-0.305
MRQ0.8302.042-1.212
TTM0.8302.191-1.361
YOY1.3572.277-0.920
5Y1.3082.376-1.068
10Y1.7372.816-1.079
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of HEG Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--95.15995.1590%108.447-12%138.781-31%87.266+9%
Book Value Per Share--1109.1711109.1710%1014.012+9%977.657+13%629.540+76%
Current Ratio--2.1672.1670%2.336-7%2.620-17%1.940+12%
Debt To Asset Ratio--0.2480.2480%0.263-6%0.232+7%0.362-31%
Debt To Equity Ratio--0.3300.3300%0.356-7%0.304+8%0.658-50%
Dividend Per Share--39.86039.8600%3.131+1173%40.229-1%30.014+33%
Eps--137.933137.9330%111.682+24%204.003-32%131.452+5%
Free Cash Flow Per Share---94.939-94.9390%-129.585+36%83.146-214%85.857-211%
Free Cash Flow To Equity Per Share---120.838-120.8380%-40.552-66%16.426-836%11.362-1164%
Gross Profit Margin--0.6440.6440%0.613+5%1.394-54%1.384-53%
Intrinsic Value_10Y_max--314.786--------
Intrinsic Value_10Y_min---2007.443--------
Intrinsic Value_1Y_max--74.315--------
Intrinsic Value_1Y_min---77.783--------
Intrinsic Value_3Y_max--190.689--------
Intrinsic Value_3Y_min---341.951--------
Intrinsic Value_5Y_max--267.766--------
Intrinsic Value_5Y_min---722.725--------
Market Cap71172031775.000+50%35534882374.20035534882374.2000%53109346031.300-33%49492240739.560-28%40594515474.110-12%
Net Profit Margin--0.2160.2160%0.198+9%0.180+20%0.133+62%
Operating Margin--0.2850.2850%0.247+15%0.239+19%0.211+35%
Operating Ratio--0.7910.7910%0.7920%0.801-1%0.810-2%
Pb Ratio1.663+50%0.8300.8300%1.357-39%1.308-37%1.737-52%
Pe Ratio13.369+50%6.6756.6750%12.321-46%-53.124+896%-11.384+271%
Price Per Share1844.050+50%920.700920.7000%1376.050-33%1267.660-27%1030.445-11%
Price To Free Cash Flow Ratio-19.424-100%-9.698-9.6980%-10.619+9%0.157-6282%3.634-367%
Price To Total Gains Ratio13.658+50%6.8196.8190%12.333-45%-240.577+3628%-112.676+1752%
Quick Ratio--1.6191.6190%2.508-35%2.395-32%1.565+3%
Return On Assets--0.0940.0940%0.081+15%0.155-40%0.123-24%
Return On Equity--0.1240.1240%0.110+13%0.209-41%0.168-26%
Total Gains Per Share--135.018135.0180%111.578+21%179.010-25%117.281+15%
Usd Book Value--513708000.000513708000.0000%469635540.000+9%455880206.400+13%295412686.800+74%
Usd Book Value Change Per Share--1.1421.1420%1.301-12%1.665-31%1.047+9%
Usd Book Value Per Share--13.31013.3100%12.168+9%11.732+13%7.554+76%
Usd Dividend Per Share--0.4780.4780%0.038+1173%0.483-1%0.360+33%
Usd Eps--1.6551.6550%1.340+24%2.448-32%1.577+5%
Usd Free Cash Flow---43970400.000-43970400.0000%-60016764.000+36%39659642.400-211%41064538.800-207%
Usd Free Cash Flow Per Share---1.139-1.1390%-1.555+36%0.998-214%1.030-211%
Usd Free Cash Flow To Equity Per Share---1.450-1.4500%-0.487-66%0.197-836%0.136-1164%
Usd Market Cap854064381.300+50%426418588.490426418588.4900%637312152.376-33%593906888.875-28%487134185.689-12%
Usd Price Per Share22.129+50%11.04811.0480%16.513-33%15.212-27%12.365-11%
Usd Profit--63889008.00063889008.0000%51725220.000+24%96943197.600-34%62369295.600+2%
Usd Revenue--296068800.000296068800.0000%260787288.000+14%345914428.800-14%257406669.600+15%
Usd Total Gains Per Share--1.6201.6200%1.339+21%2.148-25%1.407+15%
 EOD+5 -3MRQTTM+0 -0YOY+25 -115Y+10 -2610Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of HEG Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.369
Price to Book Ratio (EOD)Between0-11.663
Net Profit Margin (MRQ)Greater than00.216
Operating Margin (MRQ)Greater than00.285
Quick Ratio (MRQ)Greater than11.619
Current Ratio (MRQ)Greater than12.167
Debt to Asset Ratio (MRQ)Less than10.248
Debt to Equity Ratio (MRQ)Less than10.330
Return on Equity (MRQ)Greater than0.150.124
Return on Assets (MRQ)Greater than0.050.094
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of HEG Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.088
Ma 20Greater thanMa 501,772.125
Ma 50Greater thanMa 1001,762.630
Ma 100Greater thanMa 2001,746.447
OpenGreater thanClose1,849.000
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets56,919,200
Total Liabilities14,110,200
Total Stockholder Equity42,809,000
 As reported
Total Liabilities 14,110,200
Total Stockholder Equity+ 42,809,000
Total Assets = 56,919,200

Assets

Total Assets56,919,200
Total Current Assets28,524,800
Long-term Assets28,394,400
Total Current Assets
Cash And Cash Equivalents 333,000
Short-term Investments 8,041,000
Net Receivables 4,897,400
Inventory 14,401,100
Other Current Assets 852,300
Total Current Assets  (as reported)28,524,800
Total Current Assets  (calculated)28,524,800
+/-0
Long-term Assets
Property Plant Equipment 18,271,800
Intangible Assets 3,400
Other Assets 860,000
Long-term Assets  (as reported)28,394,400
Long-term Assets  (calculated)19,135,200
+/- 9,259,200

Liabilities & Shareholders' Equity

Total Current Liabilities13,160,900
Long-term Liabilities949,300
Total Stockholder Equity42,809,000
Total Current Liabilities
Short-term Debt 7,411,900
Short Long Term Debt 7,409,100
Accounts payable 4,119,500
Other Current Liabilities 196,800
Total Current Liabilities  (as reported)13,160,900
Total Current Liabilities  (calculated)19,137,300
+/- 5,976,400
Long-term Liabilities
Long term Debt Total 13,800
Capital Lease Obligations 16,600
Long-term Liabilities Other 36,900
Long-term Liabilities  (as reported)949,300
Long-term Liabilities  (calculated)67,300
+/- 882,000
Total Stockholder Equity
Common Stock386,000
Retained Earnings 41,147,784
Accumulated Other Comprehensive Income 1,275,642
Other Stockholders Equity -426
Total Stockholder Equity (as reported)42,809,000
Total Stockholder Equity (calculated)42,809,000
+/-0
Other
Capital Stock386,000
Cash And Equivalents6,570,500
Cash and Short Term Investments 8,374,000
Common Stock Shares Outstanding 38,596
Current Deferred Revenue1,432,700
Liabilities and Stockholders Equity 56,919,200
Net Debt 7,092,700
Net Invested Capital 50,218,100
Net Working Capital 15,363,900
Property Plant and Equipment Gross 18,271,800
Short Long Term Debt Total 7,425,700



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-31
> Total Assets 
12,792,800
14,445,982
14,549,564
16,905,244
17,969,715
20,416,457
24,456,070
26,997,256
25,057,928
22,462,294
19,564,034
18,525,126
24,863,146
51,443,581
44,383,519
42,441,668
53,079,359
56,919,200
56,919,20053,079,35942,441,66844,383,51951,443,58124,863,14618,525,12619,564,03422,462,29425,057,92826,997,25624,456,07020,416,45717,969,71516,905,24414,549,56414,445,98212,792,800
   > Total Current Assets 
5,811,000
7,116,801
8,169,700
9,073,411
9,120,751
11,085,011
13,335,692
14,758,099
11,857,497
9,256,334
6,891,283
7,004,533
16,149,249
34,754,624
20,588,780
20,736,340
30,070,286
28,524,800
28,524,80030,070,28620,736,34020,588,78034,754,62416,149,2497,004,5336,891,2839,256,33411,857,49714,758,09913,335,69211,085,0119,120,7519,073,4118,169,7007,116,8015,811,000
       Cash And Cash Equivalents 
1,304,700
1,032,501
431,900
63,830
45,398
118,284
180,204
125,116
96,606
18,618
28,936
63,121
51,718
291,591
328,032
213,739
410,352
333,000
333,000410,352213,739328,032291,59151,71863,12128,93618,61896,606125,116180,204118,28445,39863,830431,9001,032,5011,304,700
       Short-term Investments 
1,124,600
1,244,110
2,120,471
1,626,909
1,244,777
1,918,575
0
2,500
2,500
2,500
2,500
5,534
24,528
6,364,049
2,890,520
10,310,729
12,052,824
8,041,000
8,041,00012,052,82410,310,7292,890,5206,364,04924,5285,5342,5002,5002,5002,50001,918,5751,244,7771,626,9092,120,4711,244,1101,124,600
       Net Receivables 
0
0
0
0
0
0
0
0
6,547,730
4,839,266
3,480,814
3,993,819
10,436,345
14,984,167
7,297,774
4,335,899
7,768,199
4,897,400
4,897,4007,768,1994,335,8997,297,77414,984,16710,436,3453,993,8193,480,8144,839,2666,547,73000000000
       Inventory 
2,141,100
2,808,875
2,733,787
4,097,240
3,428,179
5,095,218
6,188,081
6,076,692
4,940,046
4,019,048
3,221,991
2,577,976
5,114,357
13,083,868
10,051,385
5,806,095
9,778,139
14,401,100
14,401,1009,778,1395,806,09510,051,38513,083,8685,114,3572,577,9763,221,9914,019,0484,940,0466,076,6926,188,0815,095,2183,428,1794,097,2402,733,7872,808,8752,141,100
       Other Current Assets 
1,240,600
2,031,315
2,883,542
3,285,432
4,402,397
3,952,934
6,967,407
8,553,791
6,818,345
5,216,168
3,637,856
4,357,902
10,958,646
30,949
21,069
69,878
60,772
852,300
852,30060,77269,87821,06930,94910,958,6464,357,9023,637,8565,216,1686,818,3458,553,7916,967,4073,952,9344,402,3973,285,4322,883,5422,031,3151,240,600
   > Long-term Assets 
6,981,800
7,329,181
6,379,864
7,831,833
8,848,964
9,331,446
11,120,378
12,239,157
13,200,431
13,205,960
12,672,751
11,520,593
8,713,897
10,993,066
23,794,740
21,705,328
23,009,072
28,394,400
28,394,40023,009,07221,705,32823,794,74010,993,0668,713,89711,520,59312,672,75113,205,96013,200,43112,239,15711,120,3789,331,4468,848,9647,831,8336,379,8647,329,1816,981,800
       Property Plant Equipment 
6,615,100
6,708,193
6,030,785
6,956,694
7,131,887
7,330,063
8,723,587
9,315,721
10,587,705
10,141,490
9,621,021
8,862,302
8,309,157
8,030,597
8,415,820
10,638,602
14,511,446
18,271,800
18,271,80014,511,44610,638,6028,415,8208,030,5978,309,1578,862,3029,621,02110,141,49010,587,7059,315,7218,723,5877,330,0637,131,8876,956,6946,030,7856,708,1936,615,100
       Long Term Investments 
0
0
0
0
0
0
0
0
1,734,956
2,225,676
2,241,203
2,300,275
2,481,656
8,334,865
0
0
0
0
00008,334,8652,481,6562,300,2752,241,2032,225,6761,734,95600000000
       Intangible Assets 
19,900
21,568
21,568
25,825
27,854
41,802
13,622
8,951
4,986
1,383
464
182
3,482
3,522
3,005
2,018
998
3,400
3,4009982,0183,0053,5223,4821824641,3834,9868,95113,62241,80227,85425,82521,56821,56819,900
       Other Assets 
0
0
0
0
0
0
0
0
872,783
837,409
347,700
357,834
449,387
5,695,891
-1
2,872,429
1
860,000
860,00012,872,429-15,695,891449,387357,834347,700837,409872,78300000000
> Total Liabilities 
9,587,500
10,864,160
9,097,596
10,969,875
9,644,553
11,312,065
15,962,236
17,546,655
15,058,560
12,322,116
9,595,646
8,999,495
8,269,558
13,506,720
9,266,328
7,490,929
13,943,064
14,110,200
14,110,20013,943,0647,490,9299,266,32813,506,7208,269,5588,999,4959,595,64612,322,11615,058,56017,546,65515,962,23611,312,0659,644,55310,969,8759,097,59610,864,1609,587,500
   > Total Current Liabilities 
842,500
1,150,977
1,243,676
1,399,649
1,587,645
1,472,790
11,605,274
13,090,599
12,406,478
8,784,435
6,999,721
6,987,795
7,018,730
12,178,657
8,165,122
6,440,311
12,870,854
13,160,900
13,160,90012,870,8546,440,3118,165,12212,178,6577,018,7306,987,7956,999,7218,784,43512,406,47813,090,59911,605,2741,472,7901,587,6451,399,6491,243,6761,150,977842,500
       Short-term Debt 
0
0
0
0
0
0
7,906,850
10,364,634
8,584,855
6,647,863
5,792,948
5,481,459
2,974,549
6,663,647
5,931,150
2,972,452
6,638,966
7,411,900
7,411,9006,638,9662,972,4525,931,1506,663,6472,974,5495,481,4595,792,9486,647,8638,584,85510,364,6347,906,850000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
10,274,441
888,689
1,050,750
5,504,923
2,988,729
6,663,647
5,926,172
2,965,100
6,634,000
7,409,100
7,409,1006,634,0002,965,1005,926,1726,663,6472,988,7295,504,9231,050,750888,68910,274,44100000000
       Accounts payable 
442,600
552,922
747,590
700,811
499,839
451,464
1,026,656
1,337,976
2,298,515
1,289,268
517,181
864,867
2,464,443
3,800,690
1,338,070
2,573,128
4,478,911
4,119,500
4,119,5004,478,9112,573,1281,338,0703,800,6902,464,443864,867517,1811,289,2682,298,5151,337,9761,026,656451,464499,839700,811747,590552,922442,600
       Other Current Liabilities 
399,900
598,055
496,086
698,838
1,087,806
1,021,326
2,671,768
1,387,989
1,523,108
847,304
689,592
641,469
1,271,700
1,660,043
9,352
2,865
8,801
196,800
196,8008,8012,8659,3521,660,0431,271,700641,469689,592847,3041,523,1081,387,9892,671,7681,021,3261,087,806698,838496,086598,055399,900
   > Long-term Liabilities 
8,745,000
9,713,183
7,853,920
9,570,226
8,056,908
9,839,275
4,356,962
4,456,056
2,652,082
3,537,681
2,595,925
2,011,700
1,250,828
1,328,063
1,101,206
1,050,618
1,072,210
949,300
949,3001,072,2101,050,6181,101,2061,328,0631,250,8282,011,7002,595,9253,537,6812,652,0824,456,0564,356,9629,839,2758,056,9089,570,2267,853,9209,713,1838,745,000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
1,356,406
0
0
11,438
8,129
7,800
13,800
13,8007,8008,12911,438001,356,40600000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
962,494
1,013,964
555,178
666,381
1,250,828
1,323,932
1,089,767
1,042,489
1,064,375
0
01,064,3751,042,4891,089,7671,323,9321,250,828666,381555,1781,013,964962,49400000000
> Total Stockholder Equity
3,205,300
3,581,822
5,451,968
5,935,369
8,325,162
9,104,392
8,493,834
9,450,659
9,999,366
10,140,170
9,968,388
9,525,631
19,075,240
37,936,861
35,117,191
34,950,739
39,136,295
42,809,000
42,809,00039,136,29534,950,73935,117,19137,936,86119,075,2409,525,6319,968,38810,140,1709,999,3669,450,6598,493,8349,104,3928,325,1625,935,3695,451,9683,581,8223,205,300
   Common Stock
403,100
403,109
443,184
425,734
426,076
428,453
399,595
399,595
399,595
399,595
399,595
399,595
399,595
385,959
385,959
385,959
385,959
386,000
386,000385,959385,959385,959385,959399,595399,595399,595399,595399,595399,595399,595428,453426,076425,734443,184403,109403,100
   Retained Earnings 
2,802,200
3,178,713
4,834,387
5,336,990
7,899,086
8,675,939
0
3,862,295
4,302,293
4,483,696
4,311,914
4,513,556
13,297,106
36,272,969
33,459,595
33,280,213
37,474,694
41,147,784
41,147,78437,474,69433,280,21333,459,59536,272,96913,297,1064,513,5564,311,9144,483,6964,302,2933,862,29508,675,9397,899,0865,336,9904,834,3873,178,7132,802,200
   Accumulated Other Comprehensive Income 
-2,213,500
-2,674,878
-3,102,773
-2,894,362
-3,367,621
-3,855,614
-4,331,442
-4,939,127
-5,584,643
-6,311,514
-7,090,649
-7,763,213
-8,391,909
-9,018,932
-9,671,658
1,284,567
1,275,642
1,275,642
1,275,6421,275,6421,284,567-9,671,658-9,018,932-8,391,909-7,763,213-7,090,649-6,311,514-5,584,643-4,939,127-4,331,442-3,855,614-3,367,621-2,894,362-3,102,773-2,674,878-2,213,500
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
126,961
126,961
0
4
4
0
0
00440126,961126,96100000000000
   Treasury Stock000000000000000000
   Other Stockholders Equity 
2,213,500
2,674,878
3,277,170
3,067,007
3,367,621
3,855,614
12,425,681
10,127,896
10,882,121
11,568,393
12,347,528
12,375,693
13,770,448
10,296,865
-33,845,550
1,284,567
1,275,642
-426
-4261,275,6421,284,567-33,845,55010,296,86513,770,44812,375,69312,347,52811,568,39310,882,12110,127,89612,425,6813,855,6143,367,6213,067,0073,277,1702,674,8782,213,500



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue24,672,400
Cost of Revenue-12,310,500
Gross Profit12,361,90012,361,900
 
Operating Income (+$)
Gross Profit12,361,900
Operating Expense-7,201,000
Operating Income5,178,6565,160,900
 
Operating Expense (+$)
Research Development13,405
Selling General Administrative225,899
Selling And Marketing Expenses1,896,201
Operating Expense7,201,0002,135,505
 
Net Interest Income (+$)
Interest Income521,000
Interest Expense-260,100
Other Finance Cost-521,000
Net Interest Income-260,100
 
Pretax Income (+$)
Operating Income5,178,656
Net Interest Income-260,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,773,3003,583,581
EBIT - interestExpense = 6,773,300
6,773,784
5,584,184
Interest Expense260,100
Earnings Before Interest and Taxes (EBIT)7,033,4007,033,400
Earnings Before Interest and Taxes (EBITDA)8,056,400
 
After tax Income (+$)
Income Before Tax6,773,300
Tax Provision-1,449,700
Net Income From Continuing Ops5,323,6005,323,600
Net Income5,324,084
Net Income Applicable To Common Shares5,323,600
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses19,511,500
Total Other Income/Expenses Net1,595,075260,100
 

Technical Analysis of HEG Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of HEG Limited. The general trend of HEG Limited is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine HEG Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of HEG Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 1,966 < 2,011.

The bearish price targets are: 1,755 > 1,607 > 1,605.

Tweet this
HEG Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of HEG Limited. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

HEG Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of HEG Limited. The current macd is 39.59.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the HEG Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for HEG Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the HEG Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
HEG Limited Daily Moving Average Convergence/Divergence (MACD) ChartHEG Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of HEG Limited. The current adx is 22.31.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy HEG Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
HEG Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of HEG Limited. The current sar is 1,828.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
HEG Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of HEG Limited. The current rsi is 55.09. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
HEG Limited Daily Relative Strength Index (RSI) ChartHEG Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of HEG Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the HEG Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
HEG Limited Daily Stochastic Oscillator ChartHEG Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of HEG Limited. The current cci is 60.32.

HEG Limited Daily Commodity Channel Index (CCI) ChartHEG Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of HEG Limited. The current cmo is 10.01.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
HEG Limited Daily Chande Momentum Oscillator (CMO) ChartHEG Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of HEG Limited. The current willr is -50.16177042.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that HEG Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
HEG Limited Daily Williams %R ChartHEG Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of HEG Limited.

HEG Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of HEG Limited. The current atr is 87.64.

HEG Limited Daily Average True Range (ATR) ChartHEG Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of HEG Limited. The current obv is 43,735,919.

HEG Limited Daily On-Balance Volume (OBV) ChartHEG Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of HEG Limited. The current mfi is 73.32.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
HEG Limited Daily Money Flow Index (MFI) ChartHEG Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for HEG Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-12STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-04BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside

6.3. Candlestick Patterns

HEG Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of HEG Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.088
Ma 20Greater thanMa 501,772.125
Ma 50Greater thanMa 1001,762.630
Ma 100Greater thanMa 2001,746.447
OpenGreater thanClose1,849.000
Total5/5 (100.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of HEG Limited with someone you think should read this too:
  • Are you bullish or bearish on HEG Limited? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about HEG Limited? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about HEG Limited

I send you an email if I find something interesting about HEG Limited.


Comments

How you think about this?

Leave a comment

Stay informed about HEG Limited.

Receive notifications about HEG Limited in your mailbox!