NSE: BHEL stock
BHEL Ltd was given a Rs 5,500 crore order from Haryana Power Generation Corporation Ltd.
BHEL Company received a government order worth ₹5,500 crore
Haryana Power Generation Corporation Ltd. (HPGCL) has given a letter of intent to Central Government-owned Bharat Heavy Electricals Limited (BHEL) for an EPC package in the state. An exchange filing by BHEL said the order is worth Rs 5,500 crore excluding GST. Under this order expansion of 1×800 MW Ultra Supercritical Unit at Deenbandhu Chhotu Ram Thermal Power Plant (DCRTPP) at Yamuna Nagar, Haryana is to be done.
BHEL will also supply the equipment
As part of this order, BHEL will also supply equipment. It will also include a boiler, turbine, generator, and associated auxiliaries. The order also includes the construction and commissioning of projects and civil works. The company has a time frame of 5 years to prepare and operationalize the entire project.
Bhel was last month the company NLC India Ltd. Order received from
This is another big order for BHEL this year. Last month the company NLC India Ltd. For engineering, procurement, and construction from Rs. 15000 crore order was successful. Under this the company will shape the 3×800 MW Talabira Thermal Power Project at Jarsuguda, Odisha.
BHEL Share Performance
On the other hand, BHEL is yet to report its earnings for the December quarter ie quarterly results.
However, 12 of the 18 analysts tracking BHEL have given a “SELL” rating on the stock. While five analysts have given it a “buy” rating.
Shares of BHEL are trading at ₹219.05, down 5.09 percent on Friday, February 9, at the time of writing. The stock has tripled to 202% in the past 12 months. Which was 76 rupees last February 2023 while now it is at 219 rupees.
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About BHEL ltd
Bharat Heavy Electricals Limited (BHEL) is a central public sector undertaking in India and stands as the largest government-owned manufacturer of power generation equipment. It operates under the ownership of the Government of India, with oversight from the Ministry of Heavy Industries.
Established on November 13, 1964, in New Delhi, BHEL is led by CEO Nalin Singhal since July 8, 2019. As of 2023, the company boasts a workforce of 44,522 employees. In terms of revenue, BHEL recorded earnings of 21,210 crores INR (approximately US$2.7 billion) in 2022. Among its notable subsidiaries is NTPC BHEL Power Projects Private Limited.
Fundamental Of BHEL
Bharat Heavy Electricals Limited (BHEL) demonstrates a robust financial standing with a market capitalization of ₹79,234.35 crore and an enterprise value of ₹77,976.77 crore. With a total of 348.21 crore shares, the company’s price-to-earnings (P/E) ratio stands at 1800.24, while the price-to-book (P/B) ratio is at 2.99. BHEL’s face value is ₹2 per share, and it offers a dividend yield of 0.18%.
The book value for the trailing twelve months (TTM) is ₹76.14, with a cash reserve of ₹6,642.58 crore and a debt of ₹5,385 crore. The promoter holds a significant stake of 63.17%. BHEL’s earnings per share (EPS) for the TTM period is ₹0.13, and the company has achieved a sales growth of 10.15%. Return on equity (ROE) stands at 1.65%, while return on capital employed (ROCE) is at 3.30%. Additionally, BHEL demonstrates a steady profit growth of 9.09%.
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Conclusion
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