HEG Advanced Materials (TACC anode) HEGAM
The listed HEG company, renamed HEG Advanced Materials on 2 Sep 2026 after its demerger: it keeps TACC, which is building a 20,000 t a year synthetic graphite anode plant in Madhya Pradesh, while the graphite-electrode business moved to HEG Graphite Ltd
Mapped in 1 theme: Battery Storage (PLI-ACC).
Where HEG Advanced Materials (TACC anode) sits in the supply chain
HEG Advanced Materials (TACC anode) appears in 1 supply-chain layer in one theme, Battery Storage (PLI-ACC).
Battery Storage (PLI-ACC) › Anode graphite & conductive carbon
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,201 | 2,463 | 2,393 | 2,151 | 2,568 |
| Net profit | 431 | 532 | 312 | 115 | 341 |
Latest-year revenue ₹2,568 Cr (FY26, company-wide).
Note: Graphite anode via TACC (20,000 t plant).
Strengths
- Graphitisation know-how carried over from the group's electrode business
- ~₹2,250 Cr anode project with an SBI credit line; commissioning targeted for Q1 FY28
- Demerger completed: effective 1 Sep 2026 (record date 7 Sep); trades on NSE as HEGAM
Risks
- Anode start-up slipped from 2025 to FY28
- Chinese anode pricing
- After the demerger the electrode cash flows sit in HEG Graphite, not in this stock
Common questions
What does HEG Advanced Materials (TACC anode) do?
The listed HEG company, renamed HEG Advanced Materials on 2 Sep 2026 after its demerger: it keeps TACC, which is building a 20,000 t a year synthetic graphite anode plant in Madhya Pradesh, while the graphite-electrode business moved to HEG Graphite Ltd.
Where does HEG Advanced Materials (TACC anode) sit in the supply chain?
HEG Advanced Materials (TACC anode) (NSE: HEGAM) is mapped in 1 supply-chain layer: Anode graphite & conductive carbon (Battery Storage (PLI-ACC)).
Who are HEG Advanced Materials (TACC anode)'s peers?
In the Anode graphite & conductive carbon layer of Battery Storage (PLI-ACC): Epsilon Advanced Materials (not NSE-listed), Himadri Speciality Chemical and PCBL Chemical.
What is HEG Advanced Materials (TACC anode)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹9,691 Cr, P/E 26.8x, ROCE 8.3%, ROE 7.4%, dividend yield 1.16%.