Bharat Heavy Electricals Share PriceBharat Heavy Electricals

-0.25 (-0.36%)
As on 01 April, 2023 | 13:58 BSE: 500103 NSE: BHEL

Bharat Heavy Electricals Performance

Day Range

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52 Week Range

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Bharat Heavy Electricals Share Price

  • Over 1 Month 0.36%
  • Over 3 Month -11.55%
  • Over 6 Month 16.94%
  • Over 1 Year 41.95%

Bharat Heavy Electricals Key Statistics

P/E Ratio 31.3
PEG Ratio 0.2
Market Cap Cr 24,392
Price to Book Ratio 0.9
EPS 1.2
Dividend 0.6
Relative Strength Index 38.29
Money Flow Index 41.05
MACD Signal -0.36
Average True Range 2.26

Bharat Heavy Electricals Investment Rating

  • Master Rating:
  • Bharat Heavy Electricals Ltd has an operating revenue of Rs. 23,199.63 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 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 23% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 64 which is a FAIR score but needs to improve its earnings, a RS Rating of 76 which is FAIR indicating the recent price performance, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 22 indicates it belongs to a strong industry group of Elec-Misc Products and a Master Score of B is close to being the best. Overall, the stock definitely has some strength, you may want to examine it in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Heavy Electricals Financials
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 5,2635,2034,6728,062
Operating Expenses Qtr Cr 5,1195,4464,8426,910
Operating Profit Qtr Cr 144-244-1701,152
Depreciation Qtr Cr 62596786
Interest Qtr Cr 1391239896
Tax Qtr Cr 10-212-63189
Net Profit Qtr Cr 3110-192909

Bharat Heavy Electricals Technicals


Current Price
-0.25 (-0.36%)
  • Bullish Moving Average
  • ___
  • 2
  • Bearish Moving Average
  • ___
  • 14
  • 20 Day
  • 72.99
  • 50 Day
  • 74.17
  • 100 Day
  • 73.45
  • 200 Day
  • 69.35
  • 20 Day
  • 74.24
  • 50 Day
  • 74.19
  • 100 Day
  • 77.03
  • 200 Day
  • 66.86

Bharat Heavy Electricals Resistance and Support

First Resistance 71.14
Second Resistance 71.97
Third Resistance 72.69
RSI 38.29
MFI 41.05
MACD Single Line -0.36
MACD -0.92
First Resistance 69.59
Second Resistance 68.87
Third Resistance 68.04

Bharat Heavy Electricals Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 18,332,136 822,746,264 44.88
Week 12,754,096 594,213,344 46.59
1 Month 14,033,930 360,391,329 25.68
6 Month 28,433,833 744,682,093 26.19

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 24,392
Sales 23,200
Shares in Float 128.84
No of funds 217
Yield 0.57
Book Value 0.9
U/D Vol ratio 0.8
LTDebt / Equity
Alpha 0.16
Beta 1.49

Bharat Heavy Electricals

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 63.17%63.17%63.17%
Mutual Funds 3.2%3.01%1.5%
Insurance Companies 10.98%11.17%10.82%
Foreign Portfolio Investors 8.48%4.81%4.22%
Financial Institutions/ Banks 0.27%0.27%0.27%
Individual Investors 11.3%15.44%17.69%
Others 2.6%2.13%2.33%

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


Other Analyst Rating

Bharat Heavy Electricals MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 51042
Nippon India Small Cap Fund - Growth 23910
Kotak Equity Arbitrage Fund Growth 21918
ICICI Prudential Equity & Debt Fund Growth 21233
Kotak Balanced Advantage Fund Regular Growth 14280

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.


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 ₹70 As on 01 April, 2023 | 13:44

What is the Market Cap of Bharat Heavy Electricals ?

The Market Cap of Bharat Heavy Electricals is ₹24391.9 Cr As on 01 April, 2023 | 13:44

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

The P/E ratio of Bharat Heavy Electricals is 31.3 As on 01 April, 2023 | 13:44

What is the PB ratio of Bharat Heavy Electricals ?

The PB ratio of Bharat Heavy Electricals is 0.9 As on 01 April, 2023 | 13:44

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%.


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