FinanceWednesday, November 4, 20261 min read

Multibagger HEG Advanced Materials shares hit 20% upper circuit in biggest 1-day gain in 8 years; what drove the rally?

By Livemint Markets · Published by Everything Blog

In short

Strong September quarter financials fueled the market rally, led by consolidated revenue of ₹430 crore and a profit after tax of ₹209 crore. Strategic expansion in battery energy solutions, anode materials, and green power underpinned this operational progress. Additionally, construction of the company's 20,000 MT Phase I anode materials plant in Dewas has completed 61% of its overall progress ahead of a June 2027 launch.

Key points

Non-China demand for anode materials is forecast to surpass 1 million tonnes globally by…: Non-China demand for anode materials is forecast to surpass 1 million tonnes globally by the year 2030.
Completing the 24,000 MT Phase II expansion will ultimately raise the firm's total anode…: Completing the 24,000 MT Phase II expansion will ultimately raise the firm's total anode materials capacity to 44,000 MT by March 2029.
Strategic focus remains centered on building an advanced materials platform spanning anod…: Strategic focus remains centered on building an advanced materials platform spanning anode components, graphene, and green power solutions.

Sources checked by our analysis pipeline: 1

Multibagger small-cap stock HEG Advanced Materials closed Wednesday's trading session locked in the 20% upper circuit at ₹289 apiece, as investors cheered the company's upbeat performance in the September quarter.

The rally also marked the stock's biggest single-day gain since October 2018 and lifted its returns in 2026 to 27.35%, putting it on track to post gains for the fourth consecutive year.

Part of the LNJ Bhilwara Group, HEG Advanced Materials is a new-age platform spanning advanced battery materials, backed by a strong manufacturing, research and development (R&D), and innovation foundation. The company is also engaged in battery energy solutions and green power.

For the quarter ended September 2026, the company reported consolidated revenue from continuing operations of ₹430 crore and total income of ₹546 crore. EBITDA stood at ₹ ₹313 crore, while profit after tax (PAT) came in at ₹209 crore.

For H1 FY27, consolidated revenue from continuing operations stood at ₹726 crore, while total income was ₹871 crore. EBITDA came in at ₹438 crore and PAT at ₹269 crore.

Riju Jhunjhunwala, Chairman, Managing Director, and CEO of HEG…

AI Analysis

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In short

Key Points

Non-China demand for anode materials is forecast to surpass 1 million tonnes globally by…: Non-China demand for anode materials is forecast to surpass 1 million tonnes globally by the year 2030.
Completing the 24,000 MT Phase II expansion will ultimately raise the firm's total anode…: Completing the 24,000 MT Phase II expansion will ultimately raise the firm's total anode materials capacity to 44,000 MT by March 2029.
Strategic focus remains centered on building an advanced materials platform spanning anod…: Strategic focus remains centered on building an advanced materials platform spanning anode components, graphene, and green power solutions.

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Finance

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AI Analysis

Tone

Positive

In short

Key Points

Non-China demand for anode materials is forecast to surpass 1 million tonnes globally by…: Non-China demand for anode materials is forecast to surpass 1 million tonnes globally by the year 2030.
Completing the 24,000 MT Phase II expansion will ultimately raise the firm's total anode…: Completing the 24,000 MT Phase II expansion will ultimately raise the firm's total anode materials capacity to 44,000 MT by March 2029.
Strategic focus remains centered on building an advanced materials platform spanning anod…: Strategic focus remains centered on building an advanced materials platform spanning anode components, graphene, and green power solutions.

Topics

Finance

Was this summary useful?

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Multibagger HEG Advanced Materials shares hit 20% upper circuit in biggest 1-day gain in 8 years; what drove the rally?

In short

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