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Bharat Heavy Electricals Limited operates as power plant equipment manufacturer in India and internationally. The company operates in two segments: Power and Industry. It offers equipment supplies; spares and services; and undertakes engineering, procurement, and construction works for coal and lignite, gas, hydro and nuclear power plant, as well as for transportation, transmission, defence, aerospace, captive power plants, process, renewables, upstream and downstream oil and gas, e-mobility and energy storage, and other industries. The company also provides coal based, gas-based, nuclear, and hydro power plants, as well as solar power systems; transportation and transmission systems; defense and aerospace products; industrial systems; energy storage system and e-mobility solutions; and hydrogen power systems. In addition, it offers steam generators and steam generator auxiliaries, soot blowers, valves, piping systems, seamless steel tubes, pressurized fluidized bed gasifiers, steam and gas turbines, turbo generators, industrial sets, castings and forgings, condenser and heat exchangers, pumps, compressors, solar photovoltaics, and automation and control systems. Further, the company provides software system solutions, medium voltage vacuum switchgears, on load tap changers, LT switchgears and bus ducts, transformers and reactors, capacitors, bushings, control gears, insulators and ceramics, and electrical machines. It also provides rail transportation systems and equipment, oil field equipment, and fabricated equipment and mechanical packages. The company was incorporated in 1964 and is based in New Delhi, India.
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| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | 7456.00M | 2426.60M | 4794.40M | 4704.60M | -35959.30M |
| Minority interest | 0.00M | -825.50M | - | 13.20M | -116.60M |
| Net income | 5339.00M | 2822.20M | 4773.90M | 4460.30M | -26971.10M |
| Selling general administrative | 2671.70M | 1948.70M | 57921.10M | 1283.30M | 1631.30M |
| Selling and marketing expenses | 2465.30M | 2030.30M | 36.20M | 2431.70M | 2182.60M |
| Gross profit | 85100.20M | 61134.10M | 58355.80M | 53595.40M | 44251.70M |
| Reconciled depreciation | 2719.60M | 2489.00M | 2603.40M | 3141.20M | 4732.50M |
| Ebit | 14938.50M | 9739.10M | 10008.70M | 7416.10M | -31113.90M |
| Ebitda | 17658.10M | 12228.10M | 12612.10M | 10557.30M | -26381.40M |
| Depreciation and amortization | 2719.60M | 2489.00M | 2603.40M | 3141.20M | 4732.50M |
| Operating income | 8081.20M | 1798.00M | 53.50M | 3516.90M | -36689.90M |
| Other operating expenses | 265470.50M | 227407.20M | 216800.80M | 197913.90M | 197622.40M |
| Interest expense | 7483.30M | 7062.60M | 5214.30M | 3545.60M | 3729.70M |
| Tax provision | 2117.00M | -395.60M | -20.50M | 257.50M | -8962.30M |
| Interest income | 6893.20M | 4937.80M | 4654.10M | 3055.40M | 3298.10M |
| Net interest income | -7483.30M | -7312.90M | -5214.30M | -3559.60M | -3739.50M |
| Income tax expense | 2117.00M | -395.60M | -20.50M | 257.50M | -8962.30M |
| Total revenue | 273551.70M | 229205.20M | 221363.00M | 201533.80M | 162958.00M |
| Total operating expenses | 77019.00M | 59336.10M | 53793.60M | 49975.50M | 78916.10M |
| Cost of revenue | 188451.50M | 168071.10M | 163007.20M | 147938.40M | 118706.30M |
| Total other income expense net | -625.20M | 628.60M | 4740.90M | 1187.70M | 730.60M |
| Net income from continuing ops | 5339.00M | 2822.20M | 4814.90M | 4447.10M | -26997.00M |
| Net income applicable to common shares | 5339.00M | 2822.20M | 4773.90M | 4460.30M | -26971.10M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 680831.80M | 590055.00M | 593697.90M | 562437.60M | 552402.10M |
| Intangible assets | 1180.00M | 893.90M | 765.00M | 707.80M | 785.10M |
| Other current assets | 30145.80M | 6935.20M | 130508.40M | 1.10M | 0.10M |
| Total liab | 433610.20M | 345668.50M | 325417.60M | 297371.60M | 292682.10M |
| Total stockholder equity | 247221.60M | 244386.50M | 268280.30M | 265066.00M | 259836.60M |
| Other current liab | 98324.60M | 47335.50M | 39622.90M | 46359.60M | 6174.60M |
| Common stock | 6964.10M | 6964.10M | 6964.10M | 6964.10M | 6964.10M |
| Capital stock | 6964.10M | 6964.10M | 6964.10M | 6964.10M | 6964.10M |
| Retained earnings | -59432.90M | -63901.50M | 263933.30M | -39567.00M | -48674.80M |
| Other liab | - | - | - | 83308.90M | 88549.00M |
| Other assets | 48371.50M | 0.00M | 227227.60M | 253422.60M | 0.10M |
| Cash | 4392.10M | 17188.60M | 15605.20M | 7326.20M | 15271.90M |
| Cash and equivalents | 1990.00M | - | 50820.60M | - | 0.00M |
| Total current liabilities | 282255.90M | 253328.00M | 233514.40M | 213711.50M | 203599.00M |
| Current deferred revenue | - | 30701.00M | 40735.60M | 41907.90M | 81623.90M |
| Net debt | 14021.90M | 71376.00M | 38929.90M | 40973.10M | 34237.00M |
| Short term debt | 88522.10M | 88329.10M | 54197.60M | 47948.10M | 48974.80M |
| Short long term debt | 87950.00M | 88080.00M | 53850.00M | 47450.00M | 48492.80M |
| Short long term debt total | 90146.00M | 88564.60M | 54535.10M | 48299.30M | 49508.90M |
| Other stockholder equity | 299690.60M | 301323.90M | -270897.40M | 297668.90M | 301547.30M |
| Property plant equipment | 30241.60M | 27930.10M | 27533.30M | 27586.60M | 28321.90M |
| Total current assets | 427597.70M | 345456.90M | 300822.80M | 278619.80M | 283433.50M |
| Net tangible assets | - | - | - | 264358.20M | 259051.50M |
| Short term investments | 66180.60M | 37396.50M | 53602.90M | 64111.20M | 51600.00M |
| Net receivables | 228184.30M | 204741.30M | 33547.30M | 141579.20M | 144617.00M |
| Long term debt | - | - | - | - | 534.10M |
| Inventory | 98694.90M | 72205.70M | 67559.00M | 65602.10M | 71944.50M |
| Accounts payable | 95409.20M | 86962.40M | 98958.30M | 77495.90M | 66825.70M |
| Accumulated other comprehensive income | 240257.50M | -3442.70M | - | - | - |
| Non currrent assets other | 219056.80M | 171204.80M | 227996.40M | 218121.60M | 201168.20M |
| Non current assets total | 253234.10M | 244598.10M | 292875.10M | 283817.80M | 268968.50M |
| Capital lease obligations | 2196.00M | 484.60M | 685.10M | 849.30M | 534.10M |
| Long term debt total | 1623.90M | 235.50M | 337.50M | 351.20M | 534.10M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | -27309.10M | 13308.60M | 14804.60M | -12511.20M | -1599.80M |
| Change to liabilities | - | - | 0.00M | 13009.60M | -13407.90M |
| Total cashflows from investing activities | -27309.10M | 13308.60M | 14804.60M | -11253.20M | -425.00M |
| Net borrowings | -130.00M | 34230.00M | - | -1363.20M | -1599.70M |
| Total cash from financing activities | -8568.10M | 26557.40M | 889.60M | -3294.90M | -3958.10M |
| Change to operating activities | - | - | - | -6028.00M | -2698.60M |
| Net income | 5339.00M | 2822.20M | 4794.40M | 4704.60M | -35959.30M |
| Change in cash | -13958.00M | 2737.00M | 8279.00M | -7872.80M | 1233.00M |
| Begin period cash flow | 18350.40M | 15613.40M | 7326.20M | 15199.00M | 13966.00M |
| End period cash flow | 4392.40M | 18350.40M | 15605.20M | 7326.20M | 15199.00M |
| Total cash from operating activities | 21918.90M | -37129.00M | -7415.20M | 6602.50M | 5616.00M |
| Depreciation | 2719.60M | 2489.00M | 2603.40M | 3141.20M | 4732.50M |
| Other cashflows from investing activities | 4098.20M | 4498.70M | 16688.60M | 2882.80M | 3659.50M |
| Dividends paid | 874.40M | 1394.50M | -1391.80M | -3.00M | -6.80M |
| Change to inventory | -26325.30M | -5030.40M | -1924.00M | 6034.00M | 15367.10M |
| Change to account receivables | -29635.60M | -24829.40M | -22786.10M | -7130.30M | 27041.90M |
| Other cashflows from financing activities | -7563.70M | -6278.10M | 2281.40M | -2404.10M | -2954.60M |
| Change to netincome | - | - | - | -6898.30M | 1560.90M |
| Capital expenditures | 2815.40M | 2325.00M | 1884.00M | 1693.80M | 2503.50M |
| Change in working capital | 17294.80M | -34446.10M | -11059.30M | 5885.30M | 26283.90M |
| Other non cash items | -3434.50M | -7994.10M | -3753.70M | -7128.60M | 10558.90M |
| Free cash flow | 19103.50M | -39454.00M | -9299.20M | 4908.70M | 3112.50M |
Sector: Industrials Industry: Specialty Industrial Machinery
|
Stock Name
|
Change
(INR) |
Price
(INR) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BHEL Bharat Heavy Electricals Limited |
4.20 1.00% |
423.00 | 186.71 | 44.84 | 3.58 | 4.33 | 3.81 | 58.68 |
| CUMMINSIND Cummins India Limited |
74.30 1.84% |
4123.10 | 49.39 | 34.01 | 9.80 | 14.56 | 9.73 | 34.65 |
| ABB ABB India Limited |
119.00 1.76% |
6893.00 | 63.51 | 77.52 | 8.61 | 15.61 | 8.29 | 42.50 |
| SIEMENS Siemens Limited |
80.20 2.25% |
3640.20 | 65.25 | 64.94 | 4.82 | 8.44 | 6.03 | 40.42 |
| SUZLON Suzlon Energy Limited |
-0.06 0.15% |
38.74 | 22.05 | - | 5.09 | 9.23 | 5.27 | 28.89 |
Bharat Heavy Electricals Limited operates as power plant equipment manufacturer in India and internationally. The company operates in two segments: Power and Industry. It offers equipment supplies; spares and services; and undertakes engineering, procurement, and construction works for coal and lignite, gas, hydro and nuclear power plant, as well as for transportation, transmission, defence, aerospace, captive power plants, process, renewables, upstream and downstream oil and gas, e-mobility and energy storage, and other industries. The company also provides coal based, gas-based, nuclear, and hydro power plants, as well as solar power systems; transportation and transmission systems; defense and aerospace products; industrial systems; energy storage system and e-mobility solutions; and hydrogen power systems. In addition, it offers steam generators and steam generator auxiliaries, soot blowers, valves, piping systems, seamless steel tubes, pressurized fluidized bed gasifiers, steam and gas turbines, turbo generators, industrial sets, castings and forgings, condenser and heat exchangers, pumps, compressors, solar photovoltaics, and automation and control systems. Further, the company provides software system solutions, medium voltage vacuum switchgears, on load tap changers, LT switchgears and bus ducts, transformers and reactors, capacitors, bushings, control gears, insulators and ceramics, and electrical machines. It also provides rail transportation systems and equipment, oil field equipment, and fabricated equipment and mechanical packages. The company was incorporated in 1964 and is based in New Delhi, India.
| Name | Title | Year Born |
|---|---|---|
| Dr. Nalin Shinghal | Chairman & MD | 1964 |
| Mr. Subodh Gupta | Director of Fin. & Director | 1955 |
| Mr. Upinder Singh Matharu | Director of Power and HR & Director | NA |
| Ms. Renuka Gera | Director of Industrial Systems & Products and Director | 1963 |
| Mr. S.B. Narang | GM & Head of Corp. Fin. | NA |
| Mr. Rajeev Kalra | Compliance Officer & Company Sec. | 1971 |
| Mr. Narendra Kumar | GM and Head of CPPP & PMG, DABG - New Delhi | NA |
| Mr. Alok Ranjan | Chief Vigilance Officer | NA |
| Mr. A. B Guptha | GM & Head of TP-Jhansi | NA |
| Mr. Koushik Acharya | GM & Head of PSNR - Noida | NA |
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