Bharat Heavy Electricals Ltd (NSE: BHEL) PSU stocks to buy: There’s an overall decline in the market of stocks this morning (January 18.).
However, it was apparent that markets were recovering with lower prices. With the current turmoil in the market, the brokerage company has deemed Maharatna PSU Stock a good technical option for the near term.
The price has risen by over half a percent in Maharatna shares during the trading session.
The stock last year showed huge growth. The money of investors who invest in shares has nearly doubled in the past six months.
BHEL Share Target, Profit Is Expected In 2-3 Days
The CEO of a top brokerage house has taken BHEL in his technical picks for three days. The target has been set at 227 rupees.
On the 17th of January 2024, the price was Rs 207. In this manner, an upside of 9 percent can be observed in the shares.
Maharatna PSU stock hit a low of 196.30 in the intraday trading session and then reached the highest level of 211.
BHEL Share Price History
The performance of BHEL share has been incredibly strong over the past year. The stock has increased more than 150 percent over the past year.
In the last six months, PSU Stock doubled the investment of the investors. In this time investors have received an incredible return of around 120 percent.
The 52-week high for the stock is 213 while the lowest is 66.30. The market capitalization for the firm on BSE was at 72,548 crore.
About Bharat Heavy Electricals Ltd
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
| Market Cap | ₹ 70,703 Cr. |
| Current Price | ₹ 212.90 |
| 52-wk High | ₹ 213.20 |
| 52-wk Low | ₹ 66.3 |
| Stock P/E | 826.60 |
| Book Value | ₹ 74.9 |
| Dividend | 0.19 % |
| ROCE | 3.33 % |
| ROE | 1.70 % |
| Face Value | ₹ 2.00 |
| P/B Value | 2.83 |
| OPM | 1.60 % |
| EPS | ₹ 0.20 |
| Debt | ₹ 9,040 Cr. |
| Debt to Equity | 0.35 |
Bharat Heavy Electricals Ltd 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 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 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: TATA Group Share: 5,633 Crore Revenue; New Record In 9 Years; ₹2300 Target
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
