Bharat Heavy Electricals Ltd
BHELBharat Heavy Electricals Ltd
BHEL


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
135.39 | 2.88 | 0.12% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
40.64 | 5.85 | 0.67% |
Forecast & Ratings
Detailed Forecast from 15 analysts
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Earnings Growth
Revenue
Rev. Growth
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.
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Forecasts
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Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 27,012.71 | 29,230.22 | 29,506.72 | 31,102.90 | 22,053.16 | 17,701.25 | 21,616.05 | 23,909.59 | 24,503.03 | 28,141.67 | ||||||||||
Raw Materials | 13,028.88 | 13,125.88 | 12,102.78 | 14,982.73 | 11,781.64 | 8,158.56 | 9,197.38 | 10,532.61 | 11,984.73 | 26,468.61 | ||||||||||
Power & Fuel Cost | 499.47 | 451.55 | 463.62 | 496.94 | 459.41 | 319.57 | 415.08 | 487.67 | 452.20 | |||||||||||
Employee Cost | 5,387.33 | 5,402.71 | 6,075.55 | 5,509.25 | 5,431.88 | 5,378.15 | 5,519.05 | 5,700.63 | 5,628.84 | |||||||||||
Selling & Administrative Expenses | 1,032.50 | 1,448.06 | 1,365.75 | 1,795.59 | 1,542.87 | 1,136.64 | 1,047.39 | 1,142.85 | 1,145.12 | |||||||||||
Operating & Other expenses | 6,929.15 | 6,953.82 | 7,166.65 | 5,624.62 | 2,380.49 | 5,364.45 | 4,204.44 | 4,457.69 | 3,972.94 | |||||||||||
EBITDA | 135.38 | 1,848.20 | 2,332.37 | 2,693.77 | 456.87 | -2,656.12 | 1,232.71 | 1,588.14 | 1,319.20 | 1,673.06 | ||||||||||
Depreciation/Amortization | 936.70 | 849.79 | 787.33 | 475.74 | 503.27 | 473.25 | 314.12 | 260.34 | 248.90 | 255.34 | ||||||||||
PBIT | -801.32 | 998.41 | 1,545.04 | 2,218.03 | -46.40 | -3,129.37 | 918.59 | 1,327.80 | 1,070.30 | 1,417.72 | ||||||||||
Interest & Other Items | 359.81 | 412.84 | 330.17 | 378.29 | 612.67 | 466.56 | 448.13 | 612.19 | 827.64 | 740.22 | ||||||||||
PBT | -1,161.13 | 585.57 | 1,214.87 | 1,839.74 | -659.07 | -3,595.93 | 470.46 | 715.61 | 242.66 | 677.50 | ||||||||||
Taxes & Other Items | -457.00 | 128.31 | 773.71 | 834.64 | 806.94 | -898.82 | 24.43 | 61.49 | -39.56 | 158.43 | ||||||||||
Net Income | -704.13 | 457.26 | 441.16 | 1,005.10 | -1,466.01 | -2,697.11 | 446.03 | 654.12 | 282.22 | 519.07 | ||||||||||
EPS | -1.92 | 1.25 | 1.20 | 2.81 | -4.21 | -7.75 | 1.28 | 1.88 | 0.81 | 1.49 | ||||||||||
DPS | 0.27 | 1.05 | 1.82 | 2.00 | 0.00 | 0.00 | 0.40 | 0.40 | 0.25 | 0.25 | ||||||||||
Payout ratio | — | 0.85 | 1.51 | 0.71 | 0.00 | 0.00 | 0.31 | 0.21 | 0.31 | 0.17 |
Company Updates
Annual report
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PDFPeers & Comparison
IndustrialsHeavy Electrical Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bharat Heavy Electricals Ltd | 249.01 | 2.88 | 0.12% |
ABB India Ltd | 92.86 | 19.40 | 0.54% |
CG Power and Industrial Solutions Ltd | 62.09 | 29.35 | 0.22% |
Hitachi Energy India Ltd | 304.19 | 36.64 | 0.03% |
Price Comparison
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Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.51%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.8985% | Percentage of the fund’s portfolio invested in the stock 1.00% | Change in the portfolio weight of the stock over the last 3 months -0.12% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 125/240 (-2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.4929% | Percentage of the fund’s portfolio invested in the stock 1.03% | Change in the portfolio weight of the stock over the last 3 months 0.57% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 69/103 (+18) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.2921% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 74/225 (+10) |
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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
Dividend/Share
₹0.25
Ex DateEx Date
Aug 9, 2024
Cash Dividend
Ex DateEx DateAug 11, 2023
Dividend/Share
₹0.40
Ex DateEx Date
Aug 11, 2023
Cash Dividend
Ex DateEx DateSep 15, 2022
Dividend/Share
₹0.40
Ex DateEx Date
Sep 15, 2022
Cash Dividend
Ex DateEx DateSep 11, 2019
Dividend/Share
₹1.20
Ex DateEx Date
Sep 11, 2019
Cash Dividend
Ex DateEx DateFeb 12, 2019
Dividend/Share
₹0.80
Ex DateEx Date
Feb 12, 2019
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
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. Â Powered by Capital Market - Live
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
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
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
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
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
Bharat Heavy Electricals will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live
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
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
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -4.66%, vs industry avg of 0.15%
Decreasing Market Share
Over the last 5 years, market share decreased from 47.83% to 40.55%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -22.43%, vs industry avg of 28.06%