Sustained pricing pressure from Chinese exports
Chinese steel exports rose 78% over six years, intensifying competition and keeping electrode prices low.
high · management_commentaryHEG Limited — Q3 FY26
HEG delivered a strong Q3 FY26 with revenue of ₹656 crore, up 38% YoY, driven by record capacity utilization of 89% over the last three quarters and market share gains globally.
bullish
high
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
US tariff impact on profitability
18% duty on Indian electrode exports to US remains a drag; management acknowledged it will hit bottom line but is manageable.
medium · analyst_questionGraphite India's financial distress may not lead to capacity closure
Analyst raised concern about Graphite India's losses; management downplayed closure risk but did not provide concrete assurance.
medium · analyst_question