BHEL(NSE: BHEL) Share Price: BHEL shares are likely to rise in the coming days. The brokerage firm has raised its target price for the state-owned BHEL to the price of Rs300.
This is double the earlier target of ₹150 per share. If we look at the revised target, this stock can rise by 50%. Shares of the company closed at Rs 202.90 today on Tuesday.
What Did The Brokerage Say?
The brokerage noted in its announcement that its research about coal-powered power stations for backup and reliable power sources is in progress.
It expects the total order frequency for BHEL to cross ₹65,000 crore in fiscal 2024.
Brokerage said BHEL’s gross margins could increase to 300 basis points over current levels in the next few years, and execution increasing by 30-40 percent due to the massive volume of orders.
This brokerage has the highest target of ₹ 278 on BHEL.
What Is The Opinion Of Other Brokerages?
Earlier this month, another brokerage firm issued a note on BHEL. It had set a target price of ₹230 on this stock.
Of the 18 analysts that are monitoring the stock, just five have a “Buy” rating on the stock, and 12 have a “Sell” recommendation.
Of the analysts who have a “sell” rating for BHEL, one of the Top brokerages has a target price of around Rs 180.
Another one has a sell rating with a target price of ₹278 and also another brokerage has a sell rating with a target price of ₹265.
About Bharat Heavy Electricals Ltd (BHEL)
Bharat Heavy Electricals Ltd (BHEL) is India’s biggest sector in the field of engineering and manufacturing energy and manufacturing of power plant equipment.
It was founded in 1964. They are a major maker of power equipment globally and are among the first and major contributors to building the Aatmanirbhar Bharat.
The products and services it offers serve the energy, transportation, power as well as energy, oil and gas, and many other industrial markets.
The company operates in three segments of business: Power, Industry, and International Operations.
The global installed power-generating equipment manufactured by BHEL is greater than 194 GW, which makes it the undisputed top-of-the-line among Indian producers of power plant equipment.
They have built more than 1000 hydro, thermal nuclear, nuclear, gas, and solar PV-based power generation sets.
The majority of the revenues come from India but the company has a significant influence in a variety of areas.
Fundamental Analysis of Bharat Heavy Electricals Ltd (BHEL)
| Market Cap | ₹ 70,703 Cr. |
| Current Price | ₹ 203 |
| 52-wk High | ₹ 206 |
| 52-wk Low | ₹ 66.3 |
| Stock P/E | 992 |
| Book Value | ₹ 74.9 |
| Dividend | 0.20 % |
| ROCE | 3.33 % |
| ROE | 1.70 % |
| Face Value | ₹ 2.00 |
| P/B Value | 2.71 |
| OPM | 1.60 % |
| EPS | ₹ 0.20 |
| Debt | ₹ 9,040 Cr. |
| Debt to Equity | 0.35 |
Bharat Heavy Electricals Ltd (BHEL) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹200 | ₹310 |
| 2025 | ₹360 | ₹425 |
| 2026 | ₹455 | ₹505 |
| 2027 | ₹600 | ₹715 |
| 2028 | ₹800 | ₹852 |
| 2029 | ₹900 | ₹942 |
| 2030 | ₹1000 | ₹1200 |
Bharat Heavy Electricals Ltd (BHEL) Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 63.17% |
| Mar 2023 | 63.17% |
| June 2023 | 63.17% |
| Sept 2023 | 63.17% |
| Dec 2023 | 63.17% |
| FII Holding | |
| Dec 2022 | 8.48% |
| Mar 2023 | 8.58% |
| June 2023 | 7.77% |
| Sept 2023 | 7.23% |
| Dec 2023 | 7.04% |
| DII Holding | |
| Dec 2022 | 14.71% |
| Mar 2023 | 15.50% |
| June 2023 | 16.36% |
| Sept 2023 | 15.99% |
| Dec 2023 | 17.58% |
| Public Holding | |
| Dec 2022 | 13.63% |
| Mar 2023 | 12.76% |
| June 2023 | 12.71% |
| Sept 2023 | 13.62% |
| Dec 2023 | 12.23% |
Bharat Heavy Electricals Ltd (BHEL) Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 30,441 Cr |
| 2020 | ₹ 21,463 Cr |
| 2021 | ₹ 17,309 Cr |
| 2022 | ₹ 21,211 Cr |
| 2023 | ₹ 23,619 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,002 Cr |
| 2020 | ₹ -1,468 Cr |
| 2021 | ₹ -2,700 Cr |
| 2022 | ₹445 Cr |
| 2023 | ₹ 71 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.08 |
| 2020 | 0.17 |
| 2021 | 0.19 |
| 2022 | 0.18 |
| 2023 | 0.2 |
Last 10 Years’ Profit Growth:
| 10 Years: | -24% |
| 5 Years: | 2% |
| 3 Years: | 32% |
| Current Year: | -91% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 1% |
| 5 Years: | -2% |
| 3 Years: | -2% |
| Last Year: | 2% |
Sales Growth Over 10 Years:
| 10 Years: | -7% |
| 5 Years: | -4% |
| 3 Years: | 3% |
| Current Year: | 2% |
Conclusion
This article is a complete guide about Bharat Heavy Electricals Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: Q3 Results: 1059 Crore Revenue But 13% Share Crash; Don’t Sell, ₹4200 Target
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