BHEL

BHARAT HEAVY ELECTRICALS

Large Cap BSE: 500103 NSE: BHEL
₹88.2
0.55 (0.63%)
As on 06 December, 2022 | 13:25

Bharat Heavy Electricals Performance

Day Range

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52 Week Range

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Bharat Heavy Electricals Share Price

Bharat Heavy Electricals Share Returns

  • Over 1 Month 15.98%
  • Over 3 Month 45.79%
  • Over 6 Month 74.31%
  • Over 1 Year 45.91%

Bharat Heavy Electricals Key Statistics

P/E Ratio 40.2
PEG Ratio 0.3
Market Cap Cr 30,712
Price to Book Ratio 1.2
EPS 1.2
Dividend 0.5
Relative Strength Index 73.14
Money Flow Index 83.03
MACD Signal 3.47
Average True Range 3.11

Bharat Heavy Electricals Investment Rating

  • Master Rating:
  • Bharat Heavy Electricals Ltd has an operating revenue of Rs. 23,072.15 Cr. on a trailing 12-month basis. An annual revenue growth of 22% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 1% is fair but needs improvement. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 25% and 55% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 13% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 56 which is a POOR score indicating inconsistency in earnings, a RS Rating of 85 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 7 indicates it belongs to a strong industry group of Elec-Misc Products and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Heavy Electricals Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 5,2034,6728,0625,1365,1122,9017,171
Operating Expenses Qtr Cr 5,4464,8426,9105,0475,1413,3758,435
Operating Profit Qtr Cr -244-1701,15289-29-474-1,264
Depreciation Qtr Cr 5967867443111127
Interest Qtr Cr 123989686908478
Tax Qtr Cr -212-631896-20-148-352
Net Profit Qtr Cr 10-19290914-67-445-1,033

Bharat Heavy Electricals Technicals

EMA & SMA

Current Price
88.2
0.55 (0.63%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 78.56
  • 50 Day
  • 71.78
  • 100 Day
  • 65.62
  • 200 Day
  • 60.87
  • 20 Day
  • 77.05
  • 50 Day
  • 69.87
  • 100 Day
  • 62.69
  • 200 Day
  • 56.49

Bharat Heavy Electricals Resistance and Support

PIVOT
₹88.77
Resistance
First Resistance 90.44
Second Resistance 93.22
Third Resistance 94.89
RSI 73.14
MFI 83.03
MACD Single Line 3.47
MACD 4.66
Support
First Resistance 85.99
Second Resistance 84.32
Third Resistance 81.54

Bharat Heavy Electricals Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 58,140,700 1,401,772,277 24.11
Week 65,025,611 1,668,557,173 25.66
1 Month 48,832,881 1,346,322,526 27.57
6 Month 31,597,773 804,479,308 25.46

Bharat Heavy Electricals Result Highlights

Bharat Heavy Electricals Synopsis

NSE-Elec-Misc Products

Bharat Heavy Ele is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 21211.09 Cr. and Equity Capital is Rs. 696.41 Cr. for the Year ended 31/03/2022. Bharat Heavy Electricals Ltd. is a Public Limited Listed company incorporated on 13/11/1964 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1964GOI004281 and registration number is 004281.
Market Cap 30,712
Sales 23,072
Shares in Float 128.84
No of funds 194
Yield 0.46
Book Value 1.13
U/D Vol ratio 1.7
LTDebt / Equity
Alpha 0.12
Beta 1.52

Bharat Heavy Electricals

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 63.17%63.17%63.17%
Mutual Funds 3.01%1.5%1.57%
Insurance Companies 11.17%10.82%10.8%
Foreign Portfolio Investors 4.81%4.22%4%
Financial Institutions/ Banks 0.27%0.27%0.3%
Individual Investors 15.44%17.69%17.63%
Others 2.13%2.33%2.53%

Bharat Heavy Electricals Management

Name Designation
Dr. Nalin Shinghal Chairman & Managing Director
Mr. Jai Prakash Srivastava Director
Ms. Renuka Gera Director
Mr. Subodh Gupta Director - Finance
Mr. Upinder Singh Matharu Director - Power
Mr. Vijay Mittal Part Time Official Director
Mr. Shashank Priya Part Time Official Director
Mr. Raj Kamal Bindal Independent Director
Mr. Manish Kapoor Independent Director
Dr. Raj K Agarwal Independent Director
Dr. K Sivaprasad Independent Director
Dr. Lekhasri Samantsinghar Independent Director

Bharat Heavy Electricals Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Bharat Heavy Electricals Corporate Action

Date Purpose Remarks
2022-11-11 Quarterly Results
2022-08-04 Quarterly Results
2022-05-21 Audited Results
2022-01-27 Quarterly Results
2021-11-09 Quarterly Results
Date Purpose Remarks
2022-09-16 FINAL Rs.0.40 per share(20%)Final Dividend

Bharat Heavy Electricals MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 49709
Nippon India Small Cap Fund - Growth 22844
Kotak Equity Arbitrage Fund Growth 22082
ICICI Prudential Equity & Debt Fund Growth 21109
Kotak Balanced Advantage Fund Regular Growth 14553

About Company

Established in 1956, BHEL (Bharat Heavy Electricals Limited) is India's largest power generation equipment manufacturer under the ministry of heavy industries Government of India. It is also one of India’s major Public Sector enterprises (PSE) and is the single major source of coal, hydro, gas, nuclear, and solar energy. It serves several core sectors such as transmission, industrial systems and products, transportation, e-mobility & battery energy storage, renewable energy, oil & gas, water, and defence & aerospace.
As a leader in the power transmission sector in India, BHEL offers a good range of transmission systems and products conforming to international quality and standards. With the tagline "Powering Progress, Brightening Lives Touching Every Indian Home", BHEL utilises its huge infrastructure base of 17 Manufacturing Units, 2 Repair Units, 4 Regional Offices, 8 Service Centers, 8 Overseas Offices, 15 Regional Centers, and 7 Joint Ventures to execute more than 150 projects globally.

History of BHEL

When India attained independence in 1947, one of the greatest challenges India faced was providing a good infrastructure base for economic and industrial development. Hence in 1956, the government of India established "Heavy Electricals India Limited" (HEIL), a Public Sector Company under the Ministry of Industry and Commerce, to provide a thrust to the industrial sector. As the industrial revolution kicked in and the demand for power generating capacity multiplied manifold, BHEL established the following power manufacturing plants :

  1. First at Tiruchirappalli (Tamil Nadu) for high-pressure boilers.
  2. Second one at Hyderabad (Telangana) for steam turbo generators and high-pressure pumps and compressors.
  3. Third plant at Haridwar (Uttarakhand) for large steam turbo generating sets and motors and hydro generating sets. All the initial preparatory work for BHEL was administered from Bhopal till November 1964, until the government decided to create a separate corporation for setting up and managing these three units.

Thus, Heavy Electricals India Limited was merged with Bharat Heavy Electricals Limited, and BHEL was born and formally incorporated on 13th November 1964. Over time as BHEL developed its capabilities and expanded across various sectors, it became a Public Limited company in 1991.

Apprehension towards BHEL

The state-owned company struggled as its order flow tumbled in the last decade. India's power producers sat on excess capacity, with power demand not growing as expected. As a result, 
Also, BHEL lacks marketing skills for its engineering equipment, which greatly affects the company's manufacturing capabilities, leading to inadequate supply in the market.
Another instance is the Commissioning of the 1,320MW Maitree Super Thermal Power Plant at Rampal, Bangladesh. The coal power plant was criticized immensely for its adverse effects on the environment due to its proximity to the Sundarbans mangrove forest.

Conclusion

Bharat Heavy Electricals Limited's (BHEL) share prices have fallen by 57% in the last year due to a weak domestic power sector, slow execution of projects, high debt, and drying up of investment funding. While the government is trying to revive the sector by breaking the State Electricity Boards into independent firms and allowing power tariff hikes, BHEL is a good contrarian value buy at the current market price with a 1-2 years perspective. BHEL is a true Maharatna PSU.

Bharat Heavy Electricals FAQs

What is Share Price of Bharat Heavy Electricals ?

Bharat Heavy Electricals share price is ₹88 As on 06 December, 2022 | 13:11

What is the Market Cap of Bharat Heavy Electricals ?

The Market Cap of Bharat Heavy Electricals is ₹30711.8 Cr As on 06 December, 2022 | 13:11

What is the P/E ratio of Bharat Heavy Electricals ?

The P/E ratio of Bharat Heavy Electricals is 40.2 As on 06 December, 2022 | 13:11

What is the PB ratio of Bharat Heavy Electricals ?

The PB ratio of Bharat Heavy Electricals is 1.2 As on 06 December, 2022 | 13:11

Is BHEL Share a good buy?

As per Thomson Reuters, the overall mean recommendation by 20 analysts for BHEL stock is to Sell. The recommended breakup is as follows.

  • Three analysts recommend to Hold
  • Seven analysts are recommending to Sell
  • Ten analysts are recommending a Strong Sell
     

Who is BHEL's competitor in the share market?

Within the Engineering sector, BHEL, Bharat electronics, AIA Engineering, are usually compared together by investors for analysis.

What is the Dividend Yield of BHEL shares?

As of May 2022, The Dividend Yield for BHEL is 0%.

Q2FY23