BSE:500103

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Bharat Heavy Electricals

Executive Summary

Bharat Heavy Electricals Limited operates as an engineering and manufacturing enterprise in the energy and infrastructure sectors, and a power equipment manufacturer worldwide. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Bharat Heavy Electricals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500103's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.5%

500103

1.0%

IN Electrical

-0.4%

IN Market


1 Year Return

-46.7%

500103

-20.3%

IN Electrical

2.3%

IN Market

Return vs Industry: 500103 underperformed the Indian Electrical industry which returned -20.2% over the past year.

Return vs Market: 500103 underperformed the Indian Market which returned 2% over the past year.


Shareholder returns

500103IndustryMarket
7 Day2.5%1.0%-0.4%
30 Day-16.5%-0.6%3.3%
90 Day-24.1%1.6%6.7%
1 Year-46.7%-46.7%-18.2%-20.3%4.0%2.3%
3 Year-66.5%-68.4%-26.8%-30.6%0.6%-4.1%
5 Year-78.3%-79.8%-17.6%-22.7%42.3%31.8%

Price Volatility Vs. Market

How volatile is Bharat Heavy Electricals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

0.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 500103 (₹28.65) is trading above our estimate of fair value (₹7.32)

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 IN 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 (0.3x) compared to the IN Electrical industry average (0.7x).


Next Steps

Future Growth

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

12.6%

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 (7.2%).

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 (12.6% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 500103's revenue (12.6% 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


Next Steps

Past Performance

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

-14.2%

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 14.2% 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 (-13.5%).


Return on Equity

High ROE: 500103 has a negative Return on Equity (-7.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bharat Heavy Electricals's financial position?


Financial Position Analysis

Short Term Liabilities: 500103's short term assets (₹327.1B) exceed its short term liabilities (₹226.8B).

Long Term Liabilities: 500103's short term assets (₹327.1B) exceed its long term liabilities (₹94.6B).


Debt to Equity History and Analysis

Debt Level: 500103's debt to equity ratio (17.3%) is considered satisfactory.

Reducing Debt: 500103's debt to equity ratio has increased from 4% to 17.3% over the past 5 years.

Debt Coverage: 500103's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 500103's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

5.07%

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?

1.8yrs

Average management tenure


CEO

Nalin Shinghal (56 yo)

1.25yrs

Tenure

₹4,141,356

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 ($USD56.35K) is below average for companies of similar size in the Indian market ($USD607.39K).

Compensation vs Earnings: Insufficient data to compare Nalin's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Nalin Shinghal
Chairman & MD1.25yrs₹4.14mno data
Subodh Gupta
Director of Finance & Director2.5yrs₹5.25mno data
Rajeev Kalra
Compliance Officer & Company Secretary1.83yrs₹3.95mno data
Anil Kapoor
Director of HR & Director1yr₹2.42mno data
Kamalesh Das
Director of Engineering1.58yrs₹4.71mno data
Subramanian Balakrishnan
Director of Industrial Systems & Products and Whole Time Director2.33yrs₹5.86mno data
Manoj Varma
Director of Power & Director1.83yrs₹6.03mno data
S.B. Narang
GM & Head of Corp. Financeno datano datano data
A. Jain
GM & Head of TBSGno datano datano data
Alok Ranjan
Chief Vigilance Officer3.58yrsno datano data
Rajiv Bhatnager
GM & Head of CSM - New Delhino datano datano data
Tarsem Lal
GM & Head of PSSR - Chennaino datano datano data

1.8yrs

Average Tenure

58yo

Average Age

Experienced Management: 500103's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Nalin Shinghal
Chairman & MD1.25yrs₹4.14mno data
Subodh Gupta
Director of Finance & Director2.5yrs₹5.25mno data
Anil Kapoor
Director of HR & Director1yr₹2.42mno data
Kamalesh Das
Director of Engineering1.58yrs₹4.71mno data
Subramanian Balakrishnan
Director of Industrial Systems & Products and Whole Time Director2.33yrs₹5.86mno data
Manoj Varma
Director of Power & Director1.83yrs₹6.03mno data
Rajesh Sharma
Independent Director1.67yrs₹450.00kno data
Shashank Priya
Part-time Official Director1yrno datano data
Raj Bindal
Independent Director0.75yr₹30.00kno data
Manish Kapoor
Independent Director0.75yr₹30.00kno data
Amit Mehta
Part-Time Official Directors0.75yrno datano data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Board: 500103's board of directors are not considered experienced ( 1.3 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 company bio, 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: ₹99.761b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500103BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1999
BHELNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1999

Biography

Bharat Heavy Electricals Limited operates as an engineering and manufacturing enterprise in the energy and infrastructure sectors, and a power equipment manufacturer worldwide. The company operates through ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:45
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.