BHEL

BHARAT HEAVY ELECTRICALS

Mid Cap BSE: 500103 NSE: BHEL
₹52.9
As on 12 August, 2022 | 21:10

Bharat Heavy Electricals Share Price

Bharat Heavy Electricals Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

Bharat Heavy Electricals Share Returns

  • Over 1 Month 9.07%
  • Over 3 Month 16.52%
  • Over 6 Month -6.04%
  • Over 1 Year -5.28%

Bharat Heavy Electricals Key Statistics

P/E Ratio 26.1
PEG Ratio 0.2
Market Cap Cr 18,420
Price to Book Ratio 0.7
EPS 1.2
Dividend 0
Relative Strength Index 57.74
Money Flow Index 65.73
MACD Signal 1.24
Average True Range 1.43

Bharat Heavy Electricals Investment Rating

  • Master Rating:
  • Bharat Heavy Electricals Ltd has an operating revenue of Rs. 22,981.77 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 trading below to its 200DMA and around 7% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 55 which is a POOR score indicating inconsistency in earnings, a RS Rating of 44 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 83 indicates it belongs to a poor industry group of Elec-Misc Products and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Heavy Electricals Financials
  • Indicator
  • Jun 2022
  • Mar 2022
  • Dec 2021
  • Sep 2021
  • Jun 2021
  • Mar 2021
  • Oper Rev Qtr Cr
  • 4,672
  • 8,062
  • 5,136
  • 5,112
  • 2,901
  • 7,171
  • Operating Expenses Qtr Cr
  • 4,842
  • 6,910
  • 5,047
  • 5,141
  • 3,375
  • 8,435
  • Operating Profit Qtr Cr
  • -170
  • 1,152
  • 89
  • -29
  • -474
  • -1,264
  • Depreciation Qtr Cr
  • 67
  • 86
  • 74
  • 43
  • 111
  • 127
  • Interest Qtr Cr
  • 98
  • 96
  • 86
  • 90
  • 84
  • 78
  • Tax Qtr Cr
  • -63
  • 189
  • 6
  • -20
  • -148
  • -352
  • Net Profit Qtr Cr
  • -192
  • 909
  • 14
  • -67
  • -445
  • -1,033

Bharat Heavy Electricals Technicals

EMA & SMA

Current Price
52.9
(0%)
  • Bullish Moving Average
  • ___
  • 13
  • Bearish Moving Average
  • ___
  • 3
  • 20 Day
  • 52.01
  • 50 Day
  • 50.72
  • 100 Day
  • 51.56
  • 200 Day
  • 54.99
  • 20 Day
  • 52.56
  • 50 Day
  • 49.23
  • 100 Day
  • 50.56
  • 200 Day
  • 54.94

Bharat Heavy Electricals Resistance and Support

PIVOT
₹53.02
Resistance
  • First Resistance
  • 53.39
  • Second Resistance
  • 53.87
  • Third Resistance
  • 54.24
Support
  • First Resistance
  • 52.54
  • Second Resistance
  • 52.17
  • Third Resistance
  • 51.69
  • RSI
  • 57.74
  • MFI
  • 65.73
  • MACD Single Line
  • 1.24
  • MACD
  • 1.03

Bharat Heavy Electricals Delivery and Volume

  • Period
  • NSE + BSE
    Volume Avg
  • NSE + BSE
    Delivery Volume Avg
  • NSE + BSE
    Delivery Volume %
  • Day
  • 11,766,671
  • 361,236,800
  • 30.7
  • Week
  • 15,121,486
  • 382,724,798
  • 25.31
  • 1 Month
  • 20,099,512
  • 503,492,770
  • 25.05
  • 6 Month
  • 25,732,704
  • 525,461,806
  • 20.42

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. 17308.44 Cr. and Equity Capital is Rs. 696.41 Cr. for the Year ended 31/03/2021. 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
  • 18,438
  • Sales
  • 22,982
  • Shares in Float
  • 128.84
  • No of funds
  • 191
  • Yield
  • 0.76
  • Book Value
  • 0.68
  • U/D Vol ratio
  • 1.3
  • LTDebt / Equity
  • Alpha
  • -0.04
  • Beta
  • 1.61

Bharat Heavy Electricals

  • Owner Name
  • Jun-22
  • Mar-22
  • Dec-21
  • Sep-21
  • Promoters
  • 63.17%
  • 63.17%
  • 63.17%
  • Mutual Funds
  • 1.5%
  • 1.57%
  • 1.89%
  • Insurance Companies
  • 10.82%
  • 10.8%
  • 11.61%
  • Foreign Portfolio Investors
  • 4.22%
  • 4%
  • 3.86%
  • Financial Institutions/ Banks
  • 0.27%
  • 0.3%
  • 0.3%
  • Individual Investors
  • 17.69%
  • 17.63%
  • 16.74%
  • Others
  • 2.33%
  • 2.53%
  • 2.43%

Bharat Heavy Electricals Management

  • Name
  • Designation
  • Dr. Nalin Shinghal
  • Chairman & Managing Director
  • Mr. Subodh Gupta
  • Director - Finance
  • Mr. Anil Kapoor
  • Director - Human Resources
  • Ms. Renuka Gera
  • Director
  • Mr. Rajesh Sharma
  • Independent Director
  • Mr. Raj Kamal Bindal
  • Independent Director
  • Mr. Manish Kapoor
  • Independent Director
  • Mr. Shashank Priya
  • Part Time Official Director
  • Mr. Jeetendra Singh
  • Part Time Official 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
  • 2022-08-04
  • Quarterly Results
  • 2022-05-21
  • Audited Results
  • 2022-01-27
  • Quarterly Results
  • 2021-11-09
  • Quarterly Results
  • 2021-07-30
  • Quarterly Results

Bharat Heavy Electricals MF Shareholding

  • Name
  • Amount(cr)
  • Kotak Equity Arbitrage Fund Growth
  • 24543
  • Kotak Balanced Advantage Fund Regular Growth
  • 14157
  • ICICI Prudential Equity Arbitrage Fund Regular Growth
  • 12574
  • Nippon India Arbitrage Fund Growth
  • 10295
  • Tata Arbitrage Fund Regular Growth
  • 7985

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 ₹52 As on 12 August, 2022 | 20:56

What is the Market Cap of Bharat Heavy Electricals ?

The Market Cap of Bharat Heavy Electricals is ₹18420.1 Cr As on 12 August, 2022 | 20:56

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

The P/E ratio of Bharat Heavy Electricals is 26.1 As on 12 August, 2022 | 20:56

What is the PB ratio of Bharat Heavy Electricals ?

The PB ratio of Bharat Heavy Electricals is 0.7 As on 12 August, 2022 | 20:56

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%.

Q1FY23