BHEL Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –BHEL is one of its kind in India engaged in designing, engineering, erection, testing, commissioning, and servicing a wide variety of equipment for Power Projects, Mining Projects, research and development, and product testing. Incepted in 1956, Neyveli Tamil Nadu serves as the operational base for BHEL under the ministry of Coal, Govt. of India being an undertaking under the central public sector.
Latest Update- In such a quarter, the PSU made a net loss of ₹211.4 crore whereas in the last year’s quarter, it had registered a net loss amounting only to ₹205 crores. However, revenue for this quarter rose by 9.6% up to ₹5,485 crores from ₹5,003 crores achieved during the same quarter last year.
BHEL Overview
Contents
Bharat Heavy Electricals Limited is an Indian company that specializes in the provision of electrical equipment. It was established in 1964 and its headquarters are in New Delhi, India. Bharat Heavy Electricals Limited is the biggest producer of power generating equipment in the country. It is among the well-known electrical equipment service providers in India.
| Company Name | Bharat Heavy Electricals Limited |
| Listed at | NSE & BSE |
| Head Office | BHEL House, Siri Fort,, New Delhi Delhi 110049 |
| Board Of Directors |
|
| Official Website | bhel.com |
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BHEL Business Profile
Bharat Heavy Electricals Ltd is a single power plant equipment maker who is involved in design, construction, manufacturing, erection, testing, commissioning, and servicing a broad array of goods and services for core parts of the economy, such as Power, distribution systems, Industry, transport, renewable energy, Oil & Gas and defense. It is India’s government owned engineering as well as manufacturing company that provides engineering and manufacturing on behalf of the Government of India.
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Power Sector
The company can manufacture all types of electricity generating equipment including thermal, gas, hydro and nuclear power plants.
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Record
Since it started in 1964, it had done approximately 1,000 utility projects of coal, hydro, gas and nuclear nature which in total have led to a budget utilization of around 53% for all power projects undertaken within the nation. As of FY22, their installed electricity utility generation capacity amounts to 164 GW of which 132 GW are from coal-based projects.
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Industry Sector
In this subdivision, the dealer provides various products and solutions across several industries like transportation, renewables, defense & aerospace, energy storage solutions & other business areas, captive power & process plants, transmission and industrial products.
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Order Book
The company has about 102,500 crores of orders as at FY22. In FY22, it got approximately 23,690 crores in orders with 76% coming from the Power Sector. From 2017-2022, out of a total of 16,320MW, BHEL represented about 75%, that is, 12,180MW of all the power plants constructed during this period and the total market share in nuclear energy generation installations.
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R&D Capabilities
The company has 14 R&D centers across India, along with five specialized research institutes for pollution control, welding, ceramic technology, electric transportation and amorphous silicon solar cell in different cities. It has all through the years spent consistently about 2.5% of total sales on R&D.
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Intense Competition
Due to Joint Ventures (JVs) with international firms, the company is currently operating in a highly competitive market, with the entrance of various domestic companies in this boiler-turbine-generator space.
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BHEL Fundamentals & Quarterly Results
| Metric | Value |
|---|---|
| Market Cap | ₹ 1,11,409 Cr. |
| Current Price | ₹ 320 |
| High / Low | ₹ 322 / 90.1 |
| Stock P/E | 395 |
| Book Value | ₹ 70.2 |
| Dividend Yield | 0.13 % |
| ROCE | 2.97 % |
| ROE | 1.10 % |
| Face Value | ₹ 2.00 |
| Debt to Equity | 0.36 |
| Debt Capacity | -0.06 |
| Debt Preceding Year | ₹ 5,454 Cr. |
| Debt | ₹ 8,856 Cr. |
| Reserves | ₹ 23,742 Cr. |
| EPS | ₹ 0.81 |
| EPS Last Year | ₹ 0.81 |
| Pledged Percentage | 0.00 % |
| FCF Prev Ann | ₹ -922 Cr. |
| EVEBITDA | 93.3 |
| Industry PE | 66.8 |
| PEG Ratio | -17.8 |
| Piotroski Score | 3.00 |
| Earnings Yield | 0.86 % |
| Sales Growth 5 Years | -4.73 % |
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BHEL Quarterly Results
| Quarter | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 8,062 | 4,672 | 5,203 | 5,263 | 8,227 | 5,003 | 5,125 | 5,504 | 8,260 |
| Expenses + | 6,910 | 4,842 | 5,446 | 5,119 | 7,178 | 5,368 | 5,513 | 5,287 | 7,532 |
| Operating Profit | 1,152 | -170 | -244 | 144 | 1,049 | -364 | -388 | 217 | 728 |
| OPM % | 14% | -4% | -5% | 3% | 13% | -7% | -8% | 4% | 9% |
| Other Income + | 131 | 84 | 226 | 110 | 125 | 130 | 192 | 118 | 170 |
| Interest | 96 | 98 | 123 | 139 | 161 | 168 | 180 | 190 | 193 |
| Depreciation | 86 | 67 | 59 | 62 | 73 | 60 | 60 | 61 | 68 |
| Profit before tax | 1,102 | -251 | -199 | 53 | 940 | -462 | -436 | 84 | 636 |
| Tax % | 17% | 25% | 106% | 20% | 30% | 26% | 45% | 29% | 23% |
| Net Profit + | 912 | -188 | 12 | 42 | 658 | -344 | -238 | 60 | 490 |
| EPS in Rs | 2.62 | -0.54 | 0.03 | 0.12 | 1.89 | -0.99 | -0.68 | 0.17 | 1.41 |
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CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM / Last Year |
|---|---|---|---|---|
| Compounded Sales Growth | -5% | -5% | 11% | 2% |
| Compounded Profit Growth | -22% | -22% | 28% | -38% |
| Stock Price CAGR | 8% | 37% | 68% | 245% |
| Return on Equity | 0% | -2% | 1% | 1% |
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters + | 63.06% | 63.06% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% |
| FIIs + | 15.89% | 13.04% | 11.68% | 9.36% | 4.47% | 4.00% | 8.58% | 8.76% |
| DIIs + | 16.43% | 18.50% | 18.54% | 17.81% | 12.49% | 12.66% | 15.50% | 15.95% |
| Public + | 4.62% | 5.40% | 6.61% | 9.66% | 19.87% | 20.17% | 12.76% | 12.14% |
| No. of Shareholders | 3,83,371 | 4,71,048 | 4,92,165 | 5,84,236 | 9,86,752 | 12,81,743 | 10,16,936 | 14,99,202 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹242.46 | ₹303.61 | ₹340.29 |
| 2025 | ₹347 | ₹326 | ₹389 |
| 2026 | ₹397 | ₹373 | ₹446 |
| 2027 | ₹455 | ₹427 | ₹510 |
| 2028 | ₹520 | ₹489 | ₹583 |
| 2029 | ₹595 | ₹559 | ₹667 |
| 2030 | ₹680 | ₹639 | ₹764 |
| Month | Target |
| January | ₹347 |
| February | ₹354 |
| March | ₹361 |
| April | ₹349 |
| May | ₹337 |
| June | ₹326 |
| July | ₹339 |
| August | ₹353 |
| September | ₹367 |
| October | ₹374 |
| November | ₹381 |
| December | ₹389 |
| Month | Target |
| January | ₹397 |
| February | ₹405 |
| March | ₹413 |
| April | ₹399 |
| May | ₹386 |
| June | ₹373 |
| July | ₹388 |
| August | ₹404 |
| September | ₹420 |
| October | ₹428 |
| November | ₹437 |
| December | ₹446 |
| Month | Target |
| January | ₹455 |
| February | ₹464 |
| March | ₹473 |
| April | ₹457 |
| May | ₹442 |
| June | ₹427 |
| July | ₹444 |
| August | ₹462 |
| September | ₹480 |
| October | ₹490 |
| November | ₹500 |
| December | ₹510 |
| Month | Target |
| January | ₹520 |
| February | ₹530 |
| March | ₹541 |
| April | ₹523 |
| May | ₹506 |
| June | ₹489 |
| July | ₹509 |
| August | ₹529 |
| September | ₹550 |
| October | ₹561 |
| November | ₹572 |
| December | ₹583 |
| Month | Target |
| January | ₹595 |
| February | ₹607 |
| March | ₹619 |
| April | ₹598 |
| May | ₹578 |
| June | ₹559 |
| July | ₹581 |
| August | ₹604 |
| September | ₹628 |
| October | ₹641 |
| November | ₹654 |
| December | ₹667 |
| Month | Target |
| January | ₹680 |
| February | ₹694 |
| March | ₹708 |
| April | ₹684 |
| May | ₹661 |
| June | ₹639 |
| July | ₹665 |
| August | ₹692 |
| September | ₹720 |
| October | ₹734 |
| November | ₹749 |
| December | ₹764 |
Official Website – bhel.com