Bharat Heavy Electricals Limited (NSE: BHEL): State-Run Maharatna PSU company Bharat Heavy Electricals Limited (BHEL) has received a mega order of Rs 7000 crore from Adani Group. This order is an important step for BHEL, which will increase its reputation and capacity. This can also improve the financial condition of the company
In a recent exchange filing to the stock exchange, the company said that it has secured two orders of Rs 3500 crore each from Adani Power and one of its subsidiaries..BHEL said that the boiler and turbine generator will be manufactured in its factories located in Trichy and Haridwar.
This rise has excited investors and they are expecting new highs. The partnership with the Adani Group has given a new twist to BHEL, which will help strengthen the company’s market position. Going forward, investors and shareholders expect further rise in BHEL shares.
On NSE, the shares of BHEL closed 2.96% higher at Rs 253.85 and Adani Power Share closed at Rs 723 with a 0.0069% gain.
Big Order Worth Rs 7000 Crore From Adani Group
According to the information available on the BSE website, BHEL has bagged an order of Rs 7,000 crore from Adani Power Limited and one of its subsidiary. As per the contract agreement, the company will supply boilers, turbines and generators for a 2×800 MW power project in Raipur, Chhattisgarh. Supervision of erection and commissioning is also part of the agreement. The equipment for Unit-1 has to be supplied in 35 months and for Unit-2 in 41 months respectively. This order amount is Rs 3,500 crore from Adani power without GST, BHEL added.
BHEL has also received a second order of Rs 3,500 crore from Adani Power’s subsidiary Mirzapur Thermal Energy Private Limited. Under this contract agreement, the company has to supply equipment like boiler, turbine and generator for a 2×800 MW power project in Mirzapur, Uttar Pradesh.
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BHEL Q4 Results and Dividend
Bharat Heavy Electricals Limited has recently released its March quarter results, in which the company’s income has seen a marginal increase. The company’s consolidated net profit in the fourth quarter fell by more than 25% to Rs 489.6 crore, which is lower than the previous year. However, the total income of the company has increaseed to Rs 8,416.84 crore on an annual basis.
In addition, BHEL has recommended a final dividend at the rate of 12.50 percent or 25 paise per share for FY 2023-24. The consolidated net profit of the company in FY 2023-24 has come down to Rs 282.22 crore, which is lower than the previous year.
BHEL Share Price
On Tuesday, June 4, the day of the election results, when there was a huge fall in the market, the shares of BHEL had fallen by 25% intraday and slipped to the level of Rs 224. However, it closed at Rs 246 with a decline of 21 percent.
On Wednesday, June 5, the stock closed at Rs 253.85 with a gain of 2.96% percent. The shares opened at Rs 255 and touched a high of Rs 258.20 and low of Rs 225 during the trading session.
Earlier this month, the shares of BHEL hit a new 52-week high of Rs 322 on May 21. The 52-week low of BHEL is Rs 82.
BHEL Share Performance
The shares of BHEL zoomed 28.11% YTD, it has offered more than 196% of impressive returns in the last one year and over 270% returns to investors in the last 5 years respectively. The company has a market capitalisation of Rs 88,879.67.
BHEL Fundamental Analysis
Let’s Quickly have a look on the fundamentals BHEL
Market Cap | Rs 88,879.67 Crore |
52 Week High/Low | Rs 322.50 / Rs 82.20 |
Face Value | Rs 2 |
Book Value | Rs 71.37 |
ROE | 1.65% |
ROCE | 3.30% |
P/B Ratio | 3.58 |
P/E Ratio | 341.97 |
Dividend Yield | 0.10% |
Sales Growth | 10.15% |
Profit Growth | 9.09% |
EPS (TTM) | Rs 0.75 |
Promoter Holding | 63.17% |
BHEL Shareholding Pattern
Let’s Quickly have a look on the Shareholding Pattern of the company
Month | Promoters | FIIs | DIIs | Public Holding |
Mar-24 | 63.17 | 8.75 | 16.02 | 12.06 |
Dec-23 | 63.17 | 7.04 | 17.58 | 12.21 |
Sep-23 | 63.17 | 7.23 | 15.99 | 13.61 |
Jun-23 | 63.17 | 7.76 | 16.36 | 12.71 |
Mar-23 | 63.17 | 8.58 | 15.5 | 12.75 |
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