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Bharat Heavy ElectricalsBSE:500103 Stock Report

Market Cap

₹258.7b

7D

13.5%

1Y

173.2%

Updated

17 Oct, 2021

Data

Company Financials +
500103 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

500103 Overview

Bharat Heavy Electricals Limited operates as an engineering and manufacturing company worldwide.

Bharat Heavy Electricals Competitors

Siemens

XTRA:SIE

€112.8b

Schneider Electric

ENXTPA:SU

€80.1b

ABB

SWX:ABBN

CHF64.0b

Eaton

NYSE:ETN

US$64.4b

Price History & Performance

Summary of all time highs, changes and price drops for Bharat Heavy Electricals
Historical stock prices
Current Share Price₹74.30
52 Week High₹26.95
52 Week Low₹79.50
Beta1.17
1 Month Change31.39%
3 Month Change16.09%
1 Year Change173.16%
3 Year Change1.09%
5 Year Change-21.35%
Change since IPO501.62%

Recent News & Updates

Shareholder Returns

500103IN ElectricalIN Market
7D13.5%3.8%2.3%
1Y173.2%124.0%68.3%

Return vs Industry: 500103 exceeded the Indian Electrical industry which returned 124% over the past year.

Return vs Market: 500103 exceeded the Indian Market which returned 68.3% over the past year.

Price Volatility

Is 500103's price volatile compared to industry and market?
500103 volatility
500103 Beta1.17
Industry Beta0.91
Market Beta1

Stable Share Price: 500103 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 500103's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196432,131Nalin Shinghalhttps://www.bhel.com

Bharat Heavy Electricals Limited operates as an engineering and manufacturing company worldwide. The company operates through two segments: Power and Industry. It offers thermal power plants, nuclear power plants, gas-based power plants, hydro power plants, solar power systems, DG power plants, desalination and water treatment plants, systems and services, industrial systems, boilers, boiler auxiliaries, soot blowers, valves, piping systems, seamless steel tubes, steam turbines, turbo generators, industrial sets, castings and forgings, condenser and heat exchangers, pumps, compressors, solar photovoltaics, and automation and control systems.

Bharat Heavy Electricals Fundamentals Summary

How do Bharat Heavy Electricals's earnings and revenue compare to its market cap?
500103 fundamental statistics
Market Cap₹258.72b
Earnings (TTM)-₹22.52b
Revenue (TTM)₹182.19b

1.4x

P/S Ratio

-11.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500103 income statement (TTM)
Revenue₹182.19b
Cost of Revenue₹122.07b
Gross Profit₹60.12b
Expenses₹82.63b
Earnings-₹22.52b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-6.47
Gross Margin33.00%
Net Profit Margin-12.36%
Debt/Equity Ratio19.1%

How did 500103 perform over the long term?

See historical performance and comparison

Valuation

Is Bharat Heavy Electricals undervalued compared to its fair value and its price relative to the market?

1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 500103 (₹74.3) is trading above our estimate of fair value (₹12.7)

Significantly Below Fair Value: 500103 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500103 is unprofitable, so we can't compare its PE Ratio to the Indian Electrical industry average.

PE vs Market: 500103 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500103's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500103 is good value based on its PB Ratio (1x) compared to the IN Electrical industry average (1.6x).


Future Growth

How is Bharat Heavy Electricals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 500103's forecast earnings growth is above the savings rate (6.7%).

Earnings vs Market: Insufficient data to determine if 500103's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500103's revenue (13.2% per year) is forecast to grow faster than the Indian market (12.9% per year).

High Growth Revenue: 500103's revenue (13.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 500103's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Bharat Heavy Electricals performed over the past 5 years?

-65.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500103 is currently unprofitable.

Growing Profit Margin: 500103 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 500103 is unprofitable, and losses have increased over the past 5 years at a rate of 65.3% per year.

Accelerating Growth: Unable to compare 500103's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500103 is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (49.7%).


Return on Equity

High ROE: 500103 has a negative Return on Equity (-8.68%), as it is currently unprofitable.


Financial Health

How is Bharat Heavy Electricals's financial position?


Financial Position Analysis

Short Term Liabilities: 500103's short term assets (₹283.4B) exceed its short term liabilities (₹203.6B).

Long Term Liabilities: 500103's short term assets (₹283.4B) exceed its long term liabilities (₹89.1B).


Debt to Equity History and Analysis

Debt Level: 500103's debt to equity ratio (19.1%) is considered satisfactory.

Reducing Debt: 500103 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 500103 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 500103 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.1% per year.


Dividend

What is Bharat Heavy Electricals's current dividend yield, its reliability and sustainability?

1.31%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500103's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500103's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500103's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500103's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 500103 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500103's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Nalin Shinghal (57 yo)

2.25yrs

Tenure

₹6,004,077

Compensation

Dr. Nalin Shinghal has been the Chairman & Managing Director at Bharat Heavy Electricals Limited since July 08, 2019. He holds a B. Tech degree in Electrical Engineering from IIT-Delhi and a PGD in managem...


CEO Compensation Analysis

Compensation vs Market: Nalin's total compensation ($USD80.05K) is below average for companies of similar size in the Indian market ($USD580.85K).

Compensation vs Earnings: Nalin's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 500103's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 500103's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bharat Heavy Electricals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bharat Heavy Electricals Limited
  • Ticker: 500103
  • Exchange: BSE
  • Founded: 1964
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: ₹258.717b
  • Shares outstanding: 3.48b
  • Website: https://www.bhel.com

Number of Employees


Location

  • Bharat Heavy Electricals Limited
  • BHEL House
  • Siri Fort
  • New Delhi
  • Delhi
  • 110049
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 12:02
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.