search-icon

Top Indices & Stocks

Nifty 50
₹18,499.35
+0.97%
178.20
Nifty Bank
₹44,018.00
+0.77%
336.60
SENSEX
₹62,501.69
+1.02%
629.07
INDIAN OIL C
₹90.20
+1.18%
1.05
PUNJAB NATIO
₹50.35
+1.41%
0.70
YES BANK LIM
₹15.60
+0.65%
0.10
SUZLON ENERG
₹10.00
+2.04%
0.20
VODAFONE IDE
₹7.05
+0.71%
0.05
STATE BANK O
₹586.00
+0.82%
4.75
INFOSYS LIMI
₹1,317.45
+1.00%
13.10
MRF LTD
₹97,881.80
+1.19%
1,154.45
RELIANCE IND
₹2,506.50
+2.73%
66.55
ADANI POWER
₹258.05
-0.42%
-1.10
TATA POWER C
₹212.20
+0.66%
1.40
TATA STEEL L
₹106.40
+1.48%
1.55
TATA MOTORS
₹518.45
+0.70%
3.60
ITC LTD
₹443.60
+0.56%
2.45
ADANI TRANSM
₹850.10
-4.67%
-41.65
ADANI GREEN
₹963.35
-0.75%
-7.30
ADANI TOTAL
₹760.70
-4.48%
-35.70
RAIL VIKAS N
₹115.85
+0.87%
1.00
INDIAN RAILW
₹31.90
-0.31%
-0.10
ADANI PORT &
₹726.85
+0.32%
2.35
ZOMATO LIMIT
₹67.25
-0.07%
-0.05
ADANI WILMAR
₹450.40
-0.37%
-1.65
ADANI ENTERP
₹2,544.35
+0.27%
6.90
TRIDENT LIMI
₹32.30
-0.77%
-0.25
WIPRO LTD
₹401.70
+1.93%
7.60
₹ 78.95
-2.95 (-3.60%)
Why did BHARAT HEAVY ELECTRICALS LTD. share price move today?collapse benzinga

Why did BHARAT HEAVY ELECTRICALS LTD. share price move today?

Bharat Heavy Electricals shares are trading lower ahead of Q4 results annoucement later today. Bloomberg estimates revenue of ₹7718.8 crore, EBITDA of ₹1424.6 crore, EBITDA margin of 18.5% and net profit of ₹918.3 crore.

15% Buy 👍
BUY SELL

Get access to more insightful information

By signing up to Upstox today
Signup signup
signup
Shareholding Info
  • Promoters
    63.17 %
  • Foreign institutions-FII
    8.58 %
  • Other domestic institutions
    11.47 %
  • Retail and other
    12.76 %
  • Mutual Funds
    4.02 %

Upcoming IPO
Mobikwik IPO
Mobikwik IPO
view
Emcure Pharmaceuticals IPO
Emcure Pharmaceuticals IPO
view
Go First (Go Airlines) IPO
Go First (Go Airlines) IPO
view
Wellness Forever Medicare IPO
Wellness Forever Medicare IPO
view
Navi Technologies IPO
Navi Technologies IPO
view
BoAt IPO
BoAt IPO
view
EBIXCASH IPO
EBIXCASH IPO
view
OYO IPO
OYO IPO
view
FabIndia IPO
FabIndia IPO
view
Bharat FIH Limited
Bharat FIH Limited
view
Snapdeal Limited
Snapdeal Limited
view
Puranik Builders Limited
Puranik Builders Limited
view
Droom Technology Limited
Droom Technology Limited
view
PKH Ventures Limited
PKH Ventures Limited
view
Biba Fashions Limited
Biba Fashions Limited
view
Utkarsh Small Finance Bank Ltd
Utkarsh Small Finance Bank Ltd
view
Aadhar Housing Finance Limited
Aadhar Housing Finance Limited
view
Blue Jet Healthcare Limited
Blue Jet Healthcare Limited
view
TATA TECHNOLOGIES LIMITED
TATA TECHNOLOGIES LIMITED
view

Key Indices in NSE

Key Indices in BSE

Company Overview


BHEL, Bharat Heavy Electricals Limited, is an Indian power generation equipment manufacturing public sector unit (PSU). Established in 1964, the company’s headquarters are in New Delhi, India. The company is owned by the Ministry of Heavy Industries, Government of India (GoI). Besides power generation, BHEL operates in multiple other sectors in India, like telecommunication transportation, transmission, and renewable energy.
Products manufactured by BHEL include water heating systems, boilers, solar cells, turbines, urban transportation systems, cement, textiles, automobiles, etc. It also provides aftermarket services for manufactured equipment.
Internationally, BHEL has a presence across 88 countries worldwide. Some examples include, Malaysia, Oman, Iraq, UAE, Bhutan, Egypt, India and New Zealand.

Company Journey


BHEL has helped shape India’s engineering and manufacturing industry. The company is one of India’s largest employers, with over 49,000 employees working with the company. They are also the second-largest employer in the Indian Capital Goods industry. Here are the milestones in BHEL’s journey.
  • In 2017, BHEL commences the 4000 MW Yadadri Supercritical Thermal Power Project. The company also initiated the 200 MW solar module manufacturing line at their Bengaluru plants.
  • In 2018, BHEL and the Indian Space Research Organisation entered a technology transfer agreement to design and develop space-grade Lithium-ion cells.
  • In 2019, BHEL and GAIL (Gas Authority of India) Limited collaborate and sign a Memorandum of Understanding (MoU) for solar based power projects.
  • In 2020, BHEL successfully manufactures and tests the country’s highest-rated auto transformer.
  • In September 2020, BHEL collaborated with SwissRapide AG to bring magnetic levitation (Maglev) trains, which can reach extremely high speeds, to India.
  • On 07 December 2020, BHEL initiated an advanced boiler cleaning process for the North Karanpura Super Thermal Power Project of the NTPC.
  • In August 2021, on the defence front, BHEL signed an MoU with Rosoboronexport, a Russian aerospace and defence company, for joint production and maintenance of spare parts and equipment for the Indian Navy aircraft, “Vikramaditya”.
  • In August 2021, BHEL commissioned a 5.4 MW floating solar plant in West Bengal.
  • In 2021, BHEL secured their first-ever overseas turnkey project for a grid-connected 8 MWac Solar Photovoltaic (PV) power plant.
  • In 2022, Hindustan Aeronautics Limited placed an order with BHEL for compact heat exchange sets for Mk-1A aircrafts that are to be delivered to the Indian Airforce in the years 2023-24.

Business Highlights


Major revenue generation sectors of BHEL are power generation and transmission, renewable energy, oil, water, gas, transportation, aerospace and defence.
Today, BHEL offers 180 products with a wide network of 17 manufacturing divisions, 15 regional marketing centres, eight service centres, six joint ventures, four regional offices and two repair units in the country. With a 53% share of total installed conventional power generation capacity in the country, BHEL has installed power-generating equipment nearing 1,80,000 MW worldwide. BHEL is the largest contributor to India’s total installed conventional generation capacity.

Performance Highlights


BHEL has a market capitalisation of over ₹24,861 crore as of November 2022. BHEL increased its operational revenue by 23% in FY 2021-2022 to ₹21,211 crore from ₹17,308 crore in the previous year. The EBITDA (earnings before interests, taxes, depreciation and amortisation) margin of the company increased by 133.86%. In FY 2021–22, the firm earned a profit after taxes of ₹410 crore, compared to a loss of ₹2,717 crore the year before. The cash and bank balance also increased from ₹1,868 crore to ₹2,409 crore. The company does not have any debt on its balance sheet.

Market Capitalisation (FY22)

₹24,861 crore

Operational Revenue (FY2021-22)

₹21,211 crore

EBITDA (FY2021-22)

133.86%

Profit After Taxes (FY2021-22)

₹410 crore

Total Loss (FY2020-21)

₹2,717 crore

Cash and Bank Balance (FY2021-22)

₹2,409 crore

Listing Indices

Nifty 500, Nifty Midcap 100, Nifty Midcap 50, Nifty 200, and Nifty PSE

Mutual Funds Holding Bhel Stocks

ABLS Arbitrage Fund

ABLS Balanced Advantage Fund Direct Growth

Axis Equity Saver Fund- Direct Growth

DSP Dynamic Asset Allocation

DSP Equity Savings Fund- Direct Growth

HDFC Large And Mid Cap Fund Direct Growth

ICICI Pru. Midcap 150 Index Fund 

Government of India’s shares in BHEL

63.17%

Return (2019-2022)

-30.24%

ROE (2022)

1.52%

ROCE (2022)

2.77%

BHEL is listed on a number of market indices, including Nifty 500, Nifty Midcap 100, Nifty Midcap 50, Nifty 200, and Nifty PSE.

The Government of India owns 63.17% of the total shares of the company. This position has not been diluted for several years. Mutual Fund houses own 3.01% of the total shares of BHEL. Some of the mutual funds that hold the BHEL stock are:
  • ABLS Arbitrage Fund
  • ABLS Balanced Advantage Fund Direct Growth
  • Axis Equity Saver Fund- Direct Growth
  • DSP Dynamic Asset Allocation
  • DSP Equity Savings Fund- Direct Growth
  • HDFC Large And Mid Cap Fund Direct Growth
  • ICICI Pru. Midcap 150 Index Fund
The company has generated a net positive cash flow in FY 2021-2022. The BHEL stock has generated returns of -30.24% between October 2019 and October 2022. BHEL’s return on equity (ROE) stands at 1.52 % as of November 2022. The company’s Return On Capital Expenditure (ROCE) is reported to be 2.77% in November 2022.

Management


The management team of BHEL includes:
  • Dr. Nalin Shinghal (Chairman & Managing Director)
  • Mr. Subodh Gupta (Finance Director)
  • Ms. Renuka Gera (Director)
  • Mr. Anil Kapoor (Director Of Human Resources)

Industry Overview


BHEL faces competition from other companies like Larsen & Toubro, Siemens, Hind Aeronautics, Havells India, Bharat Electronics, Schaeffler India, CG Power & Industrial Solutions, Polycab India, and Bharat Forge, among others.

The market capitalisation of BHEL’s major competitors as of November 2022 is as follows:
  • Larsen & Toubro: ₹2,79,524 crore
  • Siemens: ₹1,02,450 crore
  • Hind Aeronautics: ₹83,029 crore
  • Havells India: ₹77,695 crore
  • Bharat Electronics: ₹77,118 crore
  • Schaeffler India: ₹45,336 crore
  • CG Power & Industrial Solutions: ₹40,972 crore
  • Polycab India: ₹39,970 crore
  • Bharat Forge: ₹39,622 crore

BHEL design, engineer, construct, test, commission and service a wide variety of products. These products are used in several major sectors of the economy. The advantages privy to these sectors, and the risks faced by them, are all applicable to BHEL. Meaning, every development in every industry supplied by BHEL can potentially influence the stock price and the overall performance of the company.

Industry Risks And Concerns


BHEL’s multi-sector exposure poses a risk to the business, but it also functions as an effective hedge. Most companies in the manufacturing industry are prone to the following risks:
  • Cybercrime: The more applications and internet of things (IoT) endpoints in a system, the greater is your risk of being exploited. Data breaches and cybersecurity risks affect most businesses.
  • Third-Party Failure: A vendor who misconducts or poorly manages the image of the manufacturer is a regulatory risk to the company.
  • Environmental Impact: The type of impact industry activities have on the environment can be a cause of lawsuits and fines. Manufacturing industries need to be observant about their total environmental impact. Compliance to regulations is necessary.
  • Raw Material Prices: Global Market volatility causing fluctuations in prices of raw materials and energy can pose a threat to the manufacturing industry. It destabilises the supply chain and the market overall.

Registrar


Mr. Sumit Kumar
Contact No. - 011-66337474
Sumit.kumar@bhel.in
FAX No. - 011-66337533
Address- BHEL House, August Kranti Road, Siri Institutional Area, Siri Fort Institutional Area, Siri Fort, New Delhi, Delhi 110049

Download App Download Icon