BHEL

₹241.00 +0.05 (0.02%)

24 Dec, 2024 09:15

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Performance

  • Low
  • ₹240
  • High
  • ₹242
  • 52 Week Low
  • ₹179
  • 52 Week High
  • ₹335
  • Open Price₹242
  • Previous Close₹241
  • Volume209,793

Investment Returns

  • Over 1 Month + 2.88%
  • Over 3 Month -12.05%
  • Over 6 Month -18.27%
  • Over 1 Year + 35.25%
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BHEL Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 356.2
  • PEG Ratio
  • 1.5
  • Market Cap Cr
  • 83,918
  • P/B Ratio
  • 3.4
  • Average True Range
  • 8.04
  • EPS
  • 1.28
  • Dividend Yield
  • 0.1
  • MACD Signal
  • 0.26
  • RSI
  • 47.2
  • MFI
  • 45.86

BHEL Financials

BHEL Technicals

EMA & SMA

Current Price
₹241.00
+ 0.05 (0.02%)
pointer
  • stock-down_img
  • Bullish Moving Average 2
  • stock-up_img
  • Bearish Moving Average 14
  • 20 Day
  • ₹243.51
  • 50 Day
  • ₹247.68
  • 100 Day
  • ₹256.11
  • 200 Day
  • ₹250.49

Resistance and Support

239.97 Pivot Speed
  • R3 253.58
  • R2 248.72
  • R1 244.83
  • S1 236.08
  • S2 231.22
  • S3 227.33

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Bharat Heavy Electricals Limited (BHEL) is India's leading engineering enterprise, offering power generation, transmission, and industrial solutions globally. With 16 manufacturing facilities, BHEL provides comprehensive solutions across energy, transportation, defense, and infrastructure sectors.

Bharat Heavy Electricals Ltd has an operating revenue of Rs. 25,833.08 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 1% 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 key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 48 which is a POOR score indicating inconsistency in earnings, a RS Rating of 24 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 140 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 has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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BHEL Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-28 Quarterly Results
2024-07-31 Quarterly Results
2024-05-21 Audited Results & Final Dividend
2024-02-13 Quarterly Results
2023-11-08 Quarterly Results
Date Purpose Remarks
2024-08-09 FINAL Rs.0.25 per share(12.5%)Final Dividend
2023-08-11 FINAL Rs.0.40 per share(20%)Final Dividend
2022-09-16 FINAL Rs.0.40 per share(20%)Final Dividend

BHEL F&O

BHEL Shareholding Pattern

63.17%
5.82%
8.32%
9.48%
0.1%
11.22%
1.89%

About BHEL

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.

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  • NSE Symbol
  • BHEL
  • BSE Symbol
  • 500103
  • Chairman & Managing Director
  • Mr. K Sadashiv Murthy
  • ISIN
  • INE257A01026

Similar Stocks to BHEL

BHEL FAQs

BHEL share price is ₹241 As on 24 December, 2024 | 09:01

The Market Cap of BHEL is ₹83917.7 Cr As on 24 December, 2024 | 09:01

The P/E ratio of BHEL is 356.2 As on 24 December, 2024 | 09:01

The PB ratio of BHEL is 3.4 As on 24 December, 2024 | 09:01

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
     

Within the Engineering sector, BHEL, Bharat electronics, AIA Engineering, are usually compared together by investors for analysis.

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