Asia300

Bharat Heavy Electricals Ltd.

India

  • 1m
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  • 6m
  • 1y
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  • 5y
May 24, 2017
Prev close: 150.05
May 24, 2017
Market cap:
Market cap(USD):
367,262.43M
5,670.12M
Shares: 2,447.60M

Currency in INR

Company profile

Market(Ticker): BOM(500103)
Sector:
Industry:
Producer Manufacturing
Electrical Products
Full time employees: 42,198

Business summary

Bharat Heavy Electricals Ltd. operates as an engineering, manufacturing and integrated power plant equipment manufacturing company. The company operates through two segments: Power and Industry. The Power segment supplies products and systems for thermal, nuclear, gas and hydro-based utility and captive power plants. Its products include steam turbines, generators, boilers and matching auxiliaries. The Industry segment manufactures industrial systems and products, including captive power plants, centrifugal compressors, drive turbines, industrial boilers and auxiliaries, waste heat recovery boilers, gas turbines, pumps, heat exchangers, electrical machines, valves, heavy castings and forgings, electrostatic precipitators, induced & forced draft fans and seamless steel tubes. It provides electrical propulsion systems, as well as controls and rolling stocks of various capacities to Indian Railways. The company's transmission sector products include power transformers, instrument transformers, dry type transformers, shunt reactors, vacuum and switchgear, gas insulated switchgears and ceramic insulators. Bharat Heavy Electricals was founded on November 13, 1964 and is headquartered in New Delhi, India.

Company background

Bharat Heavy Electricals is a state-owned integrated power plant equipment manufacturer and one of the largest engineering and manufacturing company in India. Through six joint ventures, the company enjoys the leadership position in the Indian power sector with over 70% market share. The Indian government holds around 64% of the stake.

Since October 2009, B.P. Rao has led the company as chairman and managing director. Starting his career in 1978, he now has experience in strategic and operational areas in all major segments of BHEL. He spearheaded efforts for its entry into defense simulators and telecom products, apart from being instrumental in setting up its Electronics Systems Division. He was due to retire on Dec. 31, 2013, but his term was extended for two years.

The company was set up in 1964 as part of then Prime Minister Jawaharlal Nehru's vision to make the country self-reliant in manufacturing of heavy electrical equipment. Under the jurisdiction of the Ministry of Heavy Industries and Public Enterprises, Bharat Heavy has been making profits continuously since 1971-72 and paying dividends since 1976-77. It has operations in 76 countries, including Malaysia, Oman, Libya, Iraq, the United Arab Emurates, Bhutan, Egypt and New Zealand. Its operations are organized around the power sector; industries including power transmission, transportation, telecommunications and renewable energy; and overseas businesses.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 258,576.5M
Gross profit 16,393.3M
Operating income -31,995.6M
Income before tax -14,464.8M
Net income -8,959.3M
EBITDA -22,570.3M
Diluted EPS -3.66
Dividends per share 0.4
Total assets 696,440.5M
Total liabilities 364,707.8M
Total equity 331,725M
Operating cash flow 11,433M

Currency in INR

Revenue 3,949.49M
Gross profit 250.39M
Operating income -488.70M
Income before tax -220.93M
Net income -136.84M
EBITDA -344.73M
Diluted EPS -0.05
Dividends per share 0.00
Total assets 10,516.67M
Total liabilities 5,507.30M
Total equity 5,009.24M
Operating cash flow 174.62M

Currency in USD

Valuation measures

Mar 2016

PER --
ROA -1.27%
ROE -2.65%
Operating margin -12.37%
Profit margin -3.46%

Key executive

  • Chairman & Managing Director: Atul Sobti
  • Director & Finance Director: Thirunavukarasu Chockalingam
  • Director: Subrata Biswas
  • Secretary & Compliance Officer: Inder Pal Singh
  • Executive Director-International Operations: Pramod Kumar Uppal

Share holders

  • Government of India(63.0%)
  • Life Insurance Corp. of India(14.3%)
  • Comgest S.A.(2.7%)
  • Lazard Asset Management LLC(1.1%)
  • Fidelity Management & Research Co.(0.8%)
  • The Vanguard Group, Inc.(0.8%)
  • BlackRock Fund Advisors(0.6%)
  • Dimensional Fund Advisors LP(0.5%)
  • PineBridge Investments Asia Ltd.(0.5%)
  • ICICI Prudential Asset Management Co. Ltd.(0.4%)

Address

  • Website: http://www.bhel.com
  • Address: BHEL House, Siri Fort, New Delhi, 110049, India
  • Phone: +91.11.66337000

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