A positive rise could be observed in the stock of Maharatna company Bharat Heavy Electricals Limited(NSE: BHEL). Antique Stock Broking is bullish about shares of the state-owned firm BHEL.
Considering the strong order book of BHEL, the brokerage house has advised buying shares of the company. Antique Stock Broking has increased the target price of BHEL shares to Rs 299.
BHEL shares are trading at Rs 259.05 on the Bombay Stock Exchange on Monday, March 11, 2024.
Orders Worth Rs 36000 Crore In First 9 Months
Bharat Heavy Electricals Limited (BHEL) has said that it has received orders worth Rs 36000 crore in the first 9 months of the current financial year.
There has been a 102% jump in order inflow on an annual basis. BHEL has already received 3 big orders in the fourth quarter.
It has been able to place orders on 3X800MW NLC Talabira Thermal Power Plant 1X800 MW UltraSuper Critical Expansion Unit located at DCRTPP located in Yamunanagar, and 2x800MW from NTPC Singrauli Super Thermal Power Project Stage 3.
The value of these orders is rs 30000 crore.
Company’s Shares Rose 247% In One Year
The shares of government company BHEL have seen a rapid rise in the last year. BHEL shares have risen 247% in the last year.
BHEL shares were at Rs 74.23 on March 13, 2023. Shares of this company increased by 85 percent in the last year.
In the last six months, the shares have gone up between 139.85 and 259.05.
The 52-week high level of Bharat Heavy Electricals Limited (BHEL) shares is Rs 271.90. While at the same time, the 52-week low of the shares of the company is 67.63.
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 | ₹ 89,506 Cr. |
| Current Price | ₹ 257 |
| 52-wk High | ₹ 276 |
| 52-wk Low | ₹ 67.6 |
| Stock P/E | — |
| Book Value | ₹ 74.9 |
| Dividend | 0.16 % |
| ROCE | 3.33 % |
| ROE | 1.70 % |
| Face Value | ₹ 2.00 |
| P/B Value | 3.47 |
| OPM | 0.72 % |
| EPS | ₹ -0.34 |
| 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 | ₹ 825 |
| 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 | ₹ 23,860 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,002 Cr |
| 2020 | ₹ -1,468 Cr |
| 2021 | ₹ -2,700 Cr |
| 2022 | ₹ 445 Cr |
| 2023 | ₹ -120 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: | -115% |
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: | 3% |
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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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.
