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Bharat Heavy Electricals Ltd

BHEL

Bharat Heavy Electricals Ltd

BHEL
IndustrialsHeavy Electrical Equipments
MidcapWith a market cap of ₹70,275 cr, stock is ranked 128
High RiskStock is 3.41x as volatile as Nifty
201.821.50% (+2.99)
201.821.50% (+2.99)

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IndustrialsHeavy Electrical Equipments
MidcapWith a market cap of ₹70,275 cr, stock is ranked 128
High RiskStock is 3.41x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsHeavy Electrical Equipments
MidcapWith a market cap of ₹70,275 cr, stock is ranked 128
High RiskStock is 3.41x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
135.392.880.12%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
40.645.850.67%

Forecast & Ratings

Detailed Forecast 
47%
Analysts have suggested that investors can buy this stock

from 15 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company engaged in the designing and manufacturing of a range of products and services for various sectors, such as power, transmission, industry, transportation etc.

PE Ratio
92.86
1Y Return
21.90%
Buy Reco %
47.37
PE Ratio
62.09
1Y Return
32.87%
Buy Reco %
77.78
PE Ratio
304.19
1Y Return
97.50%
Buy Reco %
83.33
PE Ratio
219.49
1Y Return
89.26%
Buy Reco %
100.00
PE Ratio
-568.07
1Y Return
36.95%
Buy Reco %
83.33
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -4.66%, vs industry avg of 0.15%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 47.83% to 40.55%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -22.43%, vs industry avg of 28.06%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue27,012.7129,230.2229,506.7231,102.9022,053.1617,701.2521,616.0523,909.5924,503.0328,141.67
Raw Materialssubtract13,028.8813,125.8812,102.7814,982.7311,781.648,158.569,197.3810,532.6111,984.7326,468.61
Power & Fuel Costsubtract499.47451.55463.62496.94459.41319.57415.08487.67452.20
Employee Costsubtract5,387.335,402.716,075.555,509.255,431.885,378.155,519.055,700.635,628.84
Selling & Administrative Expensessubtract1,032.501,448.061,365.751,795.591,542.871,136.641,047.391,142.851,145.12
Operating & Other expensessubtract6,929.156,953.827,166.655,624.622,380.495,364.454,204.444,457.693,972.94
Depreciation/Amortizationsubtract936.70849.79787.33475.74503.27473.25314.12260.34248.90255.34
Interest & Other Itemssubtract359.81412.84330.17378.29612.67466.56448.13612.19827.64740.22
Taxes & Other Itemssubtract-457.00128.31773.71834.64806.94-898.8224.4361.49-39.56158.43
EPS-1.921.251.202.81-4.21-7.751.281.880.811.49
DPS0.271.051.822.000.000.000.400.400.250.25
Payout ratio—0.851.510.710.000.000.310.210.310.17

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

Feb 13PDF
Feb 10PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bharat Heavy Electricals Ltd249.012.880.12%
ABB India Ltd92.8619.400.54%
CG Power and Industrial Solutions Ltd62.0929.350.22%
Hitachi Energy India Ltd304.1936.640.03%

Price Comparison

Compare BHEL with any stock or ETF
Compare BHEL with any stock or ETF
BHEL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.51%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding63.17%6.37%9.15%7.98%13.33%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '247.23%7.04%8.75%9.10%9.49%7.98%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Bharat Heavy Electricals Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.8985%1.00%-0.12%125/240 (-2)
0.4929%1.03%0.57%69/103 (+18)
0.2921%0.35%-0.02%74/225 (+10)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 9, 2024

Final
Final | Div/Share: ₹0.25

Dividend/Share

₹0.25

Ex DateEx Date

Aug 9, 2024

Cash Dividend

Ex DateEx DateAug 11, 2023

Final
Final | Div/Share: ₹0.40

Dividend/Share

₹0.40

Ex DateEx Date

Aug 11, 2023

Cash Dividend

Ex DateEx DateSep 15, 2022

Final
Final | Div/Share: ₹0.40

Dividend/Share

₹0.40

Ex DateEx Date

Sep 15, 2022

Cash Dividend

Ex DateEx DateSep 11, 2019

Final
Final | Div/Share: ₹1.20

Dividend/Share

₹1.20

Ex DateEx Date

Sep 11, 2019

Cash Dividend

Ex DateEx DateFeb 12, 2019

Interim
Interim | Div/Share: ₹0.80

Dividend/Share

₹0.80

Ex DateEx Date

Feb 12, 2019

News & Opinions
Corporate
BHEL bags order worth Rs 6,200 cr from Damodar Valley Corporation

Bharat Heavy Electricals (BHEL) has received Letter of Intent (LOI) from Damodar Valley Corporation (DVC), Kolkata for Steam Generator Island Pkg. of 2x660 MW Raghunathpur Thermal Power Station Phase-II project at Purulia district, West Bengal, India. The order is valued at Rs 6,200 crore (approx). Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
BHEL-Hitachi Energy India secures transmission project from Adani Energy Solutions

Bharat Heavy Electricals (BHEL) has received an LOI from Rajasthan Part I Power Transmission (SPV under M/s Adani Energy Solutions) for BF800 HVDC Project. Letter of Intent is received from Rajasthan Part I Power Transmission, by the Consortium of Bharat Heavy Electricals Limited (BHEL) and Hitachi Energy India (HEIL) to design and execute the High Voltage Direct Current (HVDC) link along with associated AC substations to transmit renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh) and shall be subject to the Contract to be executed at a later date. The project entails establishment of 2 Nos. HVDC LCC terminal station of 6000 MW at Bhadla (Rajasthan) and Fatehpur (UP), + 800 kV HVDC LCC terminal station (4X1500 MW) from Bhadla III and Fatehpur along with associated AC substations.  Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Bharat Heavy Electricals receives LoA worh Rs 8,000 cr

Bharat Heavy Electricals (BHEL) has received a Letter of Award from MAHAGENCO for 2x660 MW BTG package of Koradi Thermal Power Station. The contract is valued at Rs 8,000 crore. Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
BHEL soars as PAT zooms 123% YoY to Rs 135 crore in Q3 FY25

Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024. Profit before tax was at Rs 178.75 crore in Q3 FY25, registering a growth of 111.56% from Rs 84.49 crore posted in Q3 FY24. Total expenses increased 30.46% YoY to Rs 7,224.51 crore in the December 2024 quarter. The cost of materials consumed stood at Rs 4,894.91 crore (up 21.54%), while employee benefits expenses were at Rs 1,482.03 crore (up 2.77% YoY) during the period under review. On the segmental front, revenue from the power business stood at Rs 5,588.45 crore (up 31.99% YoY) and revenue from industry stood at Rs 1,688.64 crore (up 32.97% YoY) during the period under review. Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures, and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gun/weapon system upgrades, and electronic fuzes in the defence segment. As of 31 December 2024, the Government of India held a 63.17% stake in the company. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
Bharat Heavy Electricals consolidated net profit rises 123.31% in the December 2024 quarter

Net profit of Bharat Heavy Electricals rose 123.31% to Rs 134.70 crore in the quarter ended December 2024 as against Rs 60.32 crore during the previous quarter ended December 2023. Sales rose 32.22% to Rs 7277.09 crore in the quarter ended December 2024 as against Rs 5503.81 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales7277.095503.81 32 OPM %4.183.93 - PBDT246.63145.10 70 PBT178.7584.50 112 NP134.7060.32 123 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Bharat Heavy Electricals Ltd spurts 2.02%, up for fifth straight session

Bharat Heavy Electricals Ltd is up for a fifth straight session today. The stock is quoting at Rs 218.41, up 2.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.58% on the day, quoting at 23337.8. The Sensex is at 77167.78, up 0.72%. Bharat Heavy Electricals Ltd has slipped around 9.35% in last one month. Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has slipped around 0.74% in last one month and is currently quoting at 34686.1, up 0.58% on the day. The volume in the stock stood at 44.71 lakh shares today, compared to the daily average of 134.74 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 218.2, up 1.98% on the day. Bharat Heavy Electricals Ltd is up 7.62% in last one year as compared to a 9.88% jump in NIFTY and a 1.64% jump in the Nifty Energy index.The PE of the stock is 179.79 based on TTM earnings ending September 24.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Bharat Heavy Electricals Ltd soars 3.9%, Gains for third straight session

Bharat Heavy Electricals Ltd is up for a third straight session in a row. The stock is quoting at Rs 210.04, up 3.9% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. Bharat Heavy Electricals Ltd has dropped around 13.33% in last one month. Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has dropped around 5.92% in last one month and is currently quoting at 33821.2, up 1.18% on the day. The volume in the stock stood at 79.55 lakh shares today, compared to the daily average of 129.55 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 210.7, up 3.81% on the day. Bharat Heavy Electricals Ltd is up 1.42% in last one year as compared to a 8.08% gain in NIFTY and a 1.81% gain in the Nifty Energy index.The PE of the stock is 169.96 based on TTM earnings ending September 24.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Bharat Heavy Electricals to convene board meeting

Bharat Heavy Electricals will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
BHEL commissions hydroelectric project in Bhutan

The said project was executed under a bilateral agreement between the Government of India and the Royal Government of Bhutan. PHEP-II is a greenfield hydroelectric project located in the Wangdue district of Western Bhutan. The Francis Turbine installed at the site is designed to operate at a rated head of 241 meters, which is the highest for any Francis Type Hydro Turbine in Bhutan. Upon the full commissioning of all six units, the expected annual power generation will be 4,357 gigawatt-hours. Unit 1 and 2 of the 6'170 MW PHEP-II were synchronised on December 16 and 17, 2024, respectively. BHEL's scope in PHEP-II comprises design, manufacture, supply, installation, and commissioning of electro-mechanical works for 6x170 MW vertical Francis turbines & matching synchronous generators, a control & monitoring (SCADA) system, generator transformers, shunt reactors, busducts, pothead yards, and associated auxiliaries. The equipment for the project was supplied by BHEL's units in Bhopal, Jhansi, Rudrapur, Bengaluru, and its transmission business group. Erection and commissioning on-site were carried out by the company's Power Sector-Eastern Region division based in Kolkata. 'BHEL has executed major projects like 4x84 MW Chukha, 4x15 MW Kurichhu, 6x170 MW Tala and 4x180 MW Mangdechhu in Bhutan till date. With the commissioning of these two units at PHEP-II, BHEL's contribution to the total installed capacity in Bhutan now stands at nearly 89%. Further strengthening its footprint in the region, BHEL is currently executing an order for 6x200 MW Punatsangchhu-I HEP, in addition to PHEP-II in Bhutan,' stated in the company's regulatory filing. State-run Bharat Heavy Electricals (BHEL) is engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services to the core sectors of the economy. As of 30 September 2024, the Government of India held a 63.17% stake in the company. The scrip shed 0.95% to currently trade at Rs 221.10 on the BSE.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
BHEL commissions two units of 6x170 MW Punatsangchhu-II Hydroelectric Project

Bharat Heavy Electricals (BHEL) has achieved yet another milestone in Bhutan with the successful commissioning of two units of the 6x170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II). Executed as part of a bilateral agreement between the Government of India and the Royal Government of Bhutan, PHEP-II is a greenfield hydro project located in the Wangdue district of Western Bhutan. Significantly, the Francis Turbine installed in the project is designed to operate at a rated head of 241 meters - the highest for any Francis Type Hydro Turbine in Bhutan. On commissioning of all six units, the expected annual power generation will be 4,357 gigawatt-hours. Unit 1 and 2 of the 6x170 MW PHEP-II were synchronised on December 16 and 17, 2024, respectively. A ceremony marking Bhutan's National Day was held at the project site on December 17, 2024, which was graced by His Excellency Lyonpo Gem Tshering, Minister of Energy & Natural Resources for the Royal Government of Bhutan and Chairman of PHPA-II. BHEL's scope in PHEP-II comprises design, manufacture, supply, installation and commissioning of Electro-Mechanical works for 6x170 MW Vertical Francis Turbines & matching Synchronous Generators, Control & Monitoring (SCADA) System, Generator Transformers, Shunt reactor, Busduct, Pothead yard along with associated auxiliaries. The equipment has been supplied by BHEL's units at Bhopal, Jhansi, Rudrapur, Bengaluru, and its Transmission Business Group, while erection and commissioning on site was carried out by the company's Power Sector-Eastern Region division, Kolkata. BHEL has executed major projects like 4x84 MW Chukha, 4x15 MW Kurichhu, 6x170 MW Tala and 4x180 MW Mangdechhu in Bhutan till date. With the commissioning of these two units at PHEP-II, BHEL's contribution to the total installed capacity in Bhutan now stands at nearly 89%. Further strengthening its footprint in the region, BHEL is currently executing an order for 6x200 MW Punatsangchhu-I HEP, in addition to PHEP-II in Bhutan. Apart from the above, BHEL is executing the 4x225 MW Arun-3 HEP and 2x20 MW Rahughat HEP in Nepal. Notably, BHEL has successfully executed over 3.8 GW of Hydro Projects abroad with more than 2.8 GW Hydro Projects under execution.Powered by Capital Market - Live

1 month agoCapital Market - Live