BHEL
₹295.05
+ 1.65 (0.56%)
22 June, 2024 03:09 BSE: 500103 NSE: BHEL ISIN: INE257A01026

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BHEL Performance

Day Range

  • Low 292
  • High 300
₹ 295

52 Week Range

  • Low 83
  • High 323
₹ 295
  • Open Price294
  • Previous Close293
  • Volume22108141

BHEL Share Price

  • Over 1 Month -4.93%
  • Over 3 Month + 31.28%
  • Over 6 Month + 71.54%
  • Over 1 Year + 235.47%

BHEL Key Statistics

P/E Ratio -426
PEG Ratio 2.8
Market Cap Cr 102,738
Price to Book Ratio 4.2
EPS 0.7
Dividend 0.1
Relative Strength Index 52.14
Money Flow Index 61.62
MACD Signal 3.38
Average True Range 14.27
BHEL Financials
IndicatorMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 8,2605,5045,1255,0038,227
Operating Expenses Qtr Cr 7,5325,5675,5135,3687,241
Operating Profit Qtr Cr 728-63-388-364986
Depreciation Qtr Cr 6861606073
Interest Qtr Cr 193190180168161
Tax Qtr Cr 147-46-198-118266
Net Profit Qtr Cr 484-163-233-352598
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 24,48123,880
Operating Expenses Annual Cr 23,28022,648
Operating Profit Annual in Cr 613717
Depreciation Cr 249260
Interest Annual Cr 731521
Tax Annual Cr -402
Net Profit Annual Cr 260448
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr -3,713-742
Cash from Investing Activity Annual Cr 1,3311,480
Cash from Financing Annual Activity Cr 2,65689
Net Cash Flow Annual Cr 828
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 24,85127,262
Fixed Assets Annual Cr 2,8822,830
Total Non Current Assets Annual Cr 24,87229,722
Total Current Assets Annual Cr 34,54630,082
Total Assets Annual Cr 59,41759,804
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 7178
ROE Annual % 12
ROCE Annual % 33
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 55
IndicatorMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 8,2605,5045,1255,0038,227
Operating Expenses Qtr Cr 7,5325,5675,5135,3687,241
Operating Profit Qtr Cr 728-63-388-364986
Depreciation Qtr Cr 6861606073
Interest Qtr Cr 193190180168161
Tax Qtr Cr 147-46-198-118266
Net Profit Qtr Cr 490-149-238-344611
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 24,43923,854
Operating Expenses Annual Cr 23,28022,648
Operating Profit Annual in Cr 613717
Depreciation Cr 249260
Interest Annual Cr 731521
Tax Annual Cr -402
Net Profit Annual Cr 282477
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr -3,713-742
Cash from Investing Activity Annual Cr 1,3311,480
Cash from Financing Annual Activity Cr 2,65689
Net Cash Flow Annual Cr 828
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 24,43926,828
Fixed Assets Annual Cr 2,8822,830
Total Non Current Assets Annual Cr 24,46029,288
Total Current Assets Annual Cr 34,54630,082
Total Assets Annual Cr 59,00659,370
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 7077
ROE Annual % 12
ROCE Annual % 33
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 55

BHEL Technicals

EMA & SMA

Current Price
₹295.05
+ 1.65 (0.56%)
pointer
  • Bullish Moving Average
  • ___
  • 12
  • Bearish Moving Average
  • ___
  • 4
  • 20 Day
  • ₹292.78
  • 50 Day
  • ₹281.72
  • 100 Day
  • ₹258.38
  • 200 Day
  • ₹217.89
  • 20 Day
  • ₹291.59
  • 50 Day
  • ₹284.43
  • 100 Day
  • ₹259.61
  • 200 Day
  • ₹206.95

BHEL Resistance and Support

PIVOT
₹295.44
Resistance
First Resistance 299.37
Second Resistance 303.68
Third Resistance 307.62
RSI 52.14
MFI 61.62
MACD Single Line 3.38
MACD 3.57
Support
First Support 291.12
Second Support 287.18
Third Supoort 282.87

BHEL Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 23,948,459 832,687,919 34.77
Week 24,167,062 898,773,026 37.19
1 Month 36,662,378 1,150,832,033 31.39
6 Month 38,379,759 1,118,386,175 29.14

BHEL Result Highlights

BHEL Synopsis

NSE-Machinery-Gen Industrial

Bharat Heavy Ele is involved in the business activities of Manufacture of steam generators, except central heating hot water boilers. Company’s Total Operating Revenue is Rs. 23364.94 Cr. and Equity Capital is Rs. 696.41 Cr. for the Year ended 31/03/2023. 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 102,738
Sales 23,893
Shares in Float 128.84
No of funds 468
Yield 0.14
Book Value 4.13
U/D Vol ratio 1.5
LTDebt / Equity
Alpha 0.31
Beta 1.97

BHEL Shareholding Pattern

Owner NameMar-24Dec-23Sep-23Jun-23
Promoters 63.17%63.17%63.17%63.17%
Mutual Funds 5.75%6.27%4.57%4.64%
Insurance Companies 9.55%10.65%11.01%11.23%
Foreign Portfolio Investors 8.76%7.04%7.23%7.77%
Financial Institutions/ Banks 0.18%0.22%0.22%0.27%
Individual Investors 10.33%10.33%11.72%10.87%
Others 2.26%2.32%2.08%2.05%

BHEL Management

Name Designation
Dr. Nalin Shinghal Chairman & Managing Director
Mr. Jai Prakash Srivastava Director & CFO
Ms. Renuka Gera Director
Mr. Upinder Singh Matharu Director - Power
Mr. Krishna Kumar Thakur Director - Human Resources
Mr. Vijay Mittal Part Time Official Director
Ms. Arti Bhatnagar Part Time Official Director
Dr. Lekhasri Samantsinghar Independent Director
Mr. Ramesh Patlya Mawaskar Independent Director
Dr. K Sivaprasad Independent Director

BHEL Forecast

Price Estimates

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

Other Analyst Rating

BHEL Corporate Action

Date Purpose Remarks
2024-05-21 Audited Results & Final Dividend
2024-02-13 Quarterly Results
2023-11-08 Quarterly Results
2023-08-04 Quarterly Results
2023-05-26 Audited Results & Final Dividend
Date Purpose Remarks
2023-08-11 FINAL Rs.0.40 per share(20%)Final Dividend
2022-09-16 FINAL Rs.0.40 per share(20%)Final Dividend

About BHEL

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.

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.

BHEL FAQs

What is Share Price of BHEL ?

BHEL share price is ₹295 As on 22 June, 2024 | 02:55

What is the Market Cap of BHEL ?

The Market Cap of BHEL is ₹102738.3 Cr As on 22 June, 2024 | 02:55

What is the P/E ratio of BHEL ?

The P/E ratio of BHEL is -426 As on 22 June, 2024 | 02:55

What is the PB ratio of BHEL ?

The PB ratio of BHEL is 4.2 As on 22 June, 2024 | 02:55

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.

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