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    Bharat Heavy Electricals Share PriceBharat Heavy Electricals

    Large Cap 43.1k Result
    ₹183.3
    4.85 (2.72%)
    As on 07 December, 2023 | 19:29 BSE: 500103 NSE: BHELISIN: INE257A01026

    Bharat Heavy Electricals Performance

    Day Range

    • Low 176.35
    • High 184.40
    ₹ 183.3

    52 Week Range

    • Low 66.30
    • High 184.40
    ₹ 183.3
    • Open Price178.90
    • Previous Close178.45
    • Volume28058369

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    Bharat Heavy Electricals Share Price

    • Over 1 Month 42.15%
    • Over 3 Month 33.12%
    • Over 6 Month 117.7%
    • Over 1 Year 110.33%

    Bharat Heavy Electricals Key Statistics

    P/E Ratio 895.5
    PEG Ratio -9.9
    Market Cap Cr 63,826
    Price to Book Ratio 2.4
    EPS 1.2
    Dividend 0.2
    Relative Strength Index 89.53
    Money Flow Index 97.32
    MACD Signal 10.02
    Average True Range 6.35

    Bharat Heavy Electricals F&O

    Bharat Heavy Electricals Futures
    Bharat Heavy Electricals Option Chain

    Bharat Heavy Electricals Investment Rating

    • Master Rating:

    • Bharat Heavy Electricals Ltd has an operating revenue of Rs. 23,619.09 Cr. on a trailing 12-month basis. An annual revenue growth of 11% is good, 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 31% and 76% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 19% 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 3 which is a POOR score indicating inconsistency in earnings, a RS Rating of 88 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 90 indicates it belongs to a poor industry group of Machinery-Gen Industrial 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 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 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 5,1255,0038,2275,2635,2034,6728,062
    Operating Expenses Qtr Cr 5,5135,3687,2415,1195,4464,8426,910
    Operating Profit Qtr Cr -388-364986144-244-1701,152
    Depreciation Qtr Cr 60607362596786
    Interest Qtr Cr 1801681611391239896
    Tax Qtr Cr -198-11826610-212-63189
    Net Profit Qtr Cr -233-3525983110-192909
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 23,88021,579
    Operating Expenses Annual Cr 22,64820,473
    Operating Profit Annual in Cr 717738
    Depreciation Cr 260314
    Interest Annual Cr 521355
    Tax Annual Cr 227
    Net Profit Annual Cr 448410
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr -742660
    Cash from Investing Activity Annual Cr 1,480-1,125
    Cash from Financing Annual Activity Cr 89-330
    Net Cash Flow Annual Cr 828-795
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 27,26226,971
    Fixed Assets Annual Cr 2,8302,829
    Total Non Current Assets Annual Cr 29,72228,846
    Total Current Assets Annual Cr 30,08227,862
    Total Assets Annual Cr 59,80456,708
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 7877
    ROE Annual % 22
    ROCE Annual % 32
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 55
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 5,1255,0038,2275,2635,2034,6728,062
    Operating Expenses Qtr Cr 5,5135,3687,2415,1195,4464,8426,910
    Operating Profit Qtr Cr -388-364986144-244-1701,152
    Depreciation Qtr Cr 60607362596786
    Interest Qtr Cr 1801681611391239896
    Tax Qtr Cr -198-11826610-212-63189
    Net Profit Qtr Cr -238-3446114212-188912
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 23,85421,566
    Operating Expenses Annual Cr 22,64820,476
    Operating Profit Annual in Cr 717736
    Depreciation Cr 260314
    Interest Annual Cr 521356
    Tax Annual Cr 226
    Net Profit Annual Cr 477446
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr -742660
    Cash from Investing Activity Annual Cr 1,480-1,125
    Cash from Financing Annual Activity Cr 89-329
    Net Cash Flow Annual Cr 828-795
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 26,82826,507
    Fixed Assets Annual Cr 2,8302,829
    Total Non Current Assets Annual Cr 29,28828,382
    Total Current Assets Annual Cr 30,08227,862
    Total Assets Annual Cr 59,37056,244
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 7776
    ROE Annual % 22
    ROCE Annual % 32
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 55
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    Bharat Heavy Electricals Technicals

    EMA & SMA

    Current Price
    ₹183.3
    4.85 (2.72%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹156.52
    • 50 Day
    • ₹140.66
    • 100 Day
    • ₹126.62
    • 200 Day
    • ₹109.57
    • 20 Day
    • ₹151.47
    • 50 Day
    • ₹136.43
    • 100 Day
    • ₹124.05
    • 200 Day
    • ₹101.63

    Bharat Heavy Electricals Resistance and Support

    PIVOT
    ₹181.35
    Resistance
    First Resistance 186.35
    Second Resistance 189.40
    Third Resistance 194.40
    RSI 89.53
    MFI 97.32
    MACD Single Line 10.02
    MACD 13.35
    Support
    First Resistance 178.30
    Second Resistance 173.30
    Third Resistance 170.25

    Bharat Heavy Electricals Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 27,213,484 609,582,042 22.4
    Week 59,102,708 1,913,154,664 32.37
    1 Month 42,151,598 1,281,408,582 30.4
    6 Month 34,341,113 938,199,212 27.32

    Bharat Heavy Electricals Result Highlights

    Bharat Heavy Electricals 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 63,878
    Sales 23,619
    Shares in Float 128.84
    No of funds 244
    Yield 0.23
    Book Value 2.28
    U/D Vol ratio 2.4
    LTDebt / Equity
    Alpha 0.22
    Beta 1.82

    Bharat Heavy Electricals

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 63.17%63.17%63.17%63.17%
    Mutual Funds 4.57%4.64%4.02%3.2%
    Insurance Companies 11.01%11.23%10.97%10.98%
    Foreign Portfolio Investors 7.23%7.77%8.58%8.48%
    Financial Institutions/ Banks 0.22%0.27%0.27%0.27%
    Individual Investors 11.72%10.87%10.99%11.3%
    Others 2.08%2.05%2%2.6%

    Bharat Heavy Electricals 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

    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
    2023-11-08 Quarterly Results
    2023-08-04 Quarterly Results
    2023-05-26 Audited Results & Final Dividend
    2023-02-10 Quarterly Results
    2022-11-11 Quarterly Results
    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

    Bharat Heavy Electricals MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 63,981
    Nippon India Small Cap Fund - Growth 37,319
    Kotak Equity Arbitrage Fund Growth 28,958
    SBI Arbitrage Opportunities Fund Regular Growth 22,370
    Nippon India Growth Fund - Growth 19,082

    About Bharat Heavy Electricals

    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.

    Bharat Heavy Electricals FAQs

    What is Share Price of Bharat Heavy Electricals ?

    Bharat Heavy Electricals share price is ₹183 As on 07 December, 2023 | 19:15

    What is the Market Cap of Bharat Heavy Electricals ?

    The Market Cap of Bharat Heavy Electricals is ₹63826.2 Cr As on 07 December, 2023 | 19:15

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

    The P/E ratio of Bharat Heavy Electricals is 895.5 As on 07 December, 2023 | 19:15

    What is the PB ratio of Bharat Heavy Electricals ?

    The PB ratio of Bharat Heavy Electricals is 2.4 As on 07 December, 2023 | 19:15

    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.

    Q2FY23

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