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Fincash » Search » Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Ltd

Updated on April 12, 2019

Stock/Share Code - BHEL

BHEL serves the core sectors of the economy and provides a wide range of solutions to customers in power, transmission, transportation, renewables, water, defence & aerospace, oil & gas, and industry.

Below is the details of BHEL Bharat Heavy Electricals Ltd

Market Cap₹22,442 Cr.
Current Price ₹76.05 as on 18 Apr 19
52 Week High / Low Price₹91.8 / ₹56.25
Face Value₹2
Stock P/E22.67
Book Value₹93.65
Dividend Yield2.98 %
ROCE5.77 %
ROE2.42 %
Sales Growth (3yrs)-1.99 %
SectorCapital Goods - Electrical Equipment
IndustryElectric Equipment
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Stock is trading at 0.69 times its book value Company has been maintaining a healthy dividend payout of 49.01%
Cons: The company has delivered a poor growth of -10.03% over past five years. Company has a low return on equity of 0.58% for last 3 years. Contingent liabilities of Rs.8773.86 Cr. Earnings include an other income of Rs.754.68 Cr.

Bharat Heavy Electricals Ltd Price Chart

Bharat Heavy Electricals Ltd Price Chart

Bharat Heavy Electricals Ltd Peer Comparison in Capital Goods - Electrical Equipment

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. B H E L ₹146.55 22.67 ₹22,441.9 Cr. 2.98 ₹191.95 Cr. 25.30 10.05 7336.42 5.77
2. Siemens ₹1,184.4 37.93 ₹35,325.35 Cr. 0.71 ₹228 Cr. 19.69 15.54 2807.10 17.81
3. Havells India ₹757.7 54.79 ₹44,743.2 Cr. 0.56 ₹195.67 Cr. 9.18 28.11 2518.43 27.61
4. A B B ₹14.85 53.67 ₹26,002.22 Cr. 0.36 ₹108.34 Cr. 29.92 30.78 2515.36 17.70
5. Crompton Gr. Con ₹237.35 36.16 ₹13,166.06 Cr. 0.83 ₹79.67 Cr. 14.63 9.82 1030.31 42.19
6. GE T&D India ₹260.55 34.53 ₹7,402.41 Cr. 0.62 ₹53.05 Cr. -26.08 -18.82 1167.80 29.52
7. GE Power ₹854.65 29.14 ₹5,415.04 Cr. 0.37 ₹41.11 Cr. -48.43 50.99 551.57 26.31

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Bharat Heavy Electricals Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales9,9775,6126,6016,3219,7795,5836,4636,66610,1475,9356,7807,336
YOY Sales Growth %-21.72%28.49%11.12%18.65%-1.98%-0.51%-2.09%5.46%3.76%6.31%4.9%10.05%
Expenses9,1115,5416,4466,0979,2115,3806,2926,4018,9155,6486,5397,118
Material Cost %63.99%63.2%64.99%62.63%54.34%59.02%59.18%58.41%50.55%56.74%58.64%62.44%
Employee Cost %10.79%25.59%22.18%22.42%11.09%25.23%21.64%20.01%18.53%23.89%22.71%17.74%
Operating Profit866711552245692031712651,232287241219
OPM %9%1%2%4%6%4%3%4%12%5%4%3%
Other Income462249196136227171218168198179152226
Interest347652631466556173646958
Depreciation24321820820921420018718221717652112
Profit before tax738971381252691081471901,140226272275
Tax %32%19%21%25%20%25%22%19%60%31%32%30%
Net Profit506781099421681115153457156185192
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales17,32119,48626,59033,30342,23447,96449,05939,71630,72725,48328,44728,92630,199
Sales Growth %28.85%12.5%36.46%25.24%26.82%13.57%2.28%-19.05%-22.63%-17.07%11.63%1.68%%
Expenses13,81515,84222,42827,42833,65138,07639,67235,19628,62926,84927,32426,91828,220
Material Cost %46.2%47.23%52.41%49.21%45.51%49.25%47.21%45.81%43.5%51.85%49.56%44.44%%
Manufacturing Cost %12.55%11.13%11.23%11.64%10.9%11.2%12.24%15.4%16.59%16.24%14.82%15.65%%
Employee Cost %13.67%13.4%11.22%19.63%12.77%11.39%11.73%14.94%17.74%21.11%18.96%20.83%%
Other Cost %7.34%9.54%9.48%1.88%10.49%7.55%9.69%12.47%15.34%16.34%12.8%12.5%%
Operating Profit3,5053,6444,1635,8758,5849,8889,3874,5202,098-1,3671,1232,0081,978
OPM %20%19%16%18%20%21%19%11%7%-5%4%7%7%
Other Income5471,1191,0511,2071,0211,2661,1241,6101,2111,498766693755
Interest43353134555112513392359412330263
Depreciation2732973344585448009539831,077936849786558
Profit before tax3,7364,4304,8496,5919,00510,3029,4325,0142,140-1,1646281,5851,912
Tax %35%35%35%35%33%32%30%31%34%39%21%49%
Net Profit2,4152,8593,1384,3116,0117,0406,6153,4611,419-710496807990
EPS in Rs6.337.458.1711.2315.7018.4917.429.113.710.001.352.20
Dividend Payout %25%26%27%26%25%22%20%20%20%-14%78%83%

Compounded Sales Growth

  • 10 Years:: 4.03%
  • 5 Years:: -10.03%
  • 3 Years:: -1.99%
  • TTM:: 5.99%

Compounded Profit Growth

  • 10 Years:: -12.14%
  • 5 Years:: -34.68%
  • 3 Years:: -17.90%
  • TTM:: 75.20%

Return on Equity

  • 10 Years:: 12.60%
  • 5 Years:: 3.34%
  • 3 Years:: 0.58%
  • TTM:: 2.42%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital245490490490490490490490490490490734734
Equity Capital244.76489.52489.52489.52489.52489.52489.52489.52489.52489.52489.52734.28
Reserves8,54410,28512,44915,42819,66424,88429,95532,55833,59531,69231,80531,86731,877
Borrowings89951491281571861,4902,72211820215099717
Other Liabilities17,58320,12528,44332,57339,07241,41538,36437,15734,40233,09629,19231,56631,155
Trade Payables3456.9544245852.857579.88052.5810143.899600.058643.518948.328796.488807.6110629.2710553.13
Total Liabilities26,46030,99441,53148,61859,38366,97470,29872,92668,60465,48061,63664,26664,483
Fixed Assets9899811,4702,4153,4014,2974,4584,6934,1413,9623,5963,0692,949
Gross Block4135.054443.475224.876580.148049.749706.6410783.2612050.4912588.774896.015372.485626.14
Accumulated Depreciation3117.053403.083713.254150.524648.645413.476328.127360.398451.3933.531776.62557.3
CWIP3036581,1571,5501,7341,3481,172642518318168203185
Investments885280439462429420418664661691674
Other Assets25,16129,34738,85144,57353,80960,86864,23967,17163,52860,53557,21060,30460,676
Inventories4217.675782.367888.879292.5810852.0513606.8911818.599884.2910242.079858.697722.596725.157746.55
Trade receivables9612.8111974.8715975.520688.7520103.526356.9329234.4928071.9226223.522430.1222075.5622771.4920332.89
Cash Equivalents5808.918386.0210314.679790.089630.156671.987732.0511872.939812.710085.9910491.7911291.187099.83
Loans n Advances5521.193203.344671.964801.244978.723948.593894.674293.644617.196726.646851.256503.74245.95
Total Assets26,46030,99441,53148,61859,38366,97470,29872,92668,60465,48061,63664,26664,483

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity2,8213,4783,2911,5852,659-8141,8654,518775347562994
Profit from operations3757.793887.414399.557175.189616.110954.8110654.617183.473651.11334.962527.264221.19
Working Capital Changes597.581863.791198.56-3686.67-4024.65-8585.2-5552.31-534.03-1845.72-682.68-1376.37-3270.25
Taxes paid-1534-2273.3-2306.89-1903.45-2932.83-3183.18-3237.52-2131.3-1029.9-305.35-588.9243.14
Cash from Investing Activity-213-13-513-967-1,343-330-338-16846451-566961
Fixed Assets Purchased-442.36-702.97-1355.57-1722.25-1730.04-1307.21-988.52-791.42-500.43-584.84-353.02-281.25
Fixed Assets Sold6.345.3431.948.546.269.2712.72121.7243.6632.3319.7311.43
Investments purchased00-44.05000000000
Investments sold000000640.020000
Cash from Financing Activity-934-888-850-1,143-1,476-1,815-467-209-3,300-124-470-671
Proceeds from Borrowings05.152.57035.1128.601233.010000
Repayment of Borrowings-469.3600-21.4700000000
Interest Paid-59.27-34.46-29.33-33.69-54.52-49.8-122.52-126.65-101.38-25.38-63.6-37.33
Dividends Paid-405.14-858.89-872.99-1087.85-1456.32-1793.7-1648.57-1315.55-594.02-183.09-293.71-484.63
Net Cash Flow1,6752,5771,929-525-160-2,9581,0604,141-2,060274-4741,284

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %45%45%41%45%50%45%33%15%6%-2%3%6%
Debtor Days203224219227174201218258312321283287
Inventory Turnover4.353.903.893.884.193.923.863.663.052.543.244.00

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.