Bharat Heavy Electricals Ltd.

89.05 INR
+3.15
+3.67%

India
Apr 25, 2018
Ticker
BOM(500103)
Prev. close
85.90
Market cap (INR)
315,373.25M
Market cap (USD)
4,716.39M
Shares
3,671.39M

In the news

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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.

Business Summary

Bharat Heavy Electricals Ltd. is a holding company which operates as an engineering, manufacturing and integrated power plant equipment manufacturing company. It operates through the Power and Industry segments. The Power segment is responsible for the manufacture of entire range of power plant equipment such as steam turbines, generators, boilers, hydro turbines, generators, and others. The Industry segment provides supports in the field of oil and gas, metallurgical and mining, fertilizers, sugar, fertilizers, refiners, paper and petro-chemicals, and others including solutions for captive power generation, transmission, transportation, renewable energy, water management, defense, and other industrial products. The company was founded on November 13, 1964 and is headquartered in New Delhi, India.

Financial Highlights

Mar 2017	INR	USD
Revenue	282,141.20M	4,207.47M
Gross Profit	28,819.90M	429.78M
Operating income	3,852.10M	57.44M
Income before tax	5,855.70M	87.32M
Net income	4,572.60M	68.18M
EBITDA	12,350M	184.17M
Diluted EPS	1.24	0.01
Dividends Per Share	1.05	0.01
Total Assets	648,951.60M	9,993.86M
Total liabilities	325,026.90M	5,005.41M
Total equity	323,889.90M	4,987.90M
Operating cash flow	11,094.90M	165.45M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
Revenue	483,902.50M	391,332.90M	303,915.10M	254,859.90M	282,141.20M
Gross Profit	128,788.50M	81,834.30M	54,006.80M	10,603.90M	28,819.90M
Operating income	83,510.20M	32,183.10M	10,814.80M	-21,750.70M	3,852.10M
Income before tax	95,307.10M	50,776.80M	21,872.90M	-11,611.30M	5,855.70M
Net income	66,933.70M	35,028.60M	14,523.80M	-7,041.30M	4,572.60M
EBITDA	93,328M	42,036.70M	22,638.10M	-12,383.70M	12,350M
Diluted EPS	18.23	9.54	3.95	-1.92	1.24
Dividends Per Share	3.60	1.88	0.77	0.26	1.05
Total Assets	718,677.20M	752,911.50M	708,886.80M	716,331.60M	648,951.60M
Total liabilities	413,302.90M	421,167.40M	366,798.50M	393,182.30M	325,026.90M
Total equity	305,327.30M	331,568.70M	342,066M	323,141.50M	323,889.90M
Operating cash flow	22,115.50M	49,933.80M	16,395.90M	11,772.10M	11,094.90M

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
Revenue	8,891.10M	6,475.34M	4,970.52M	3,892.72M	4,207.47M
Gross Profit	2,366.32M	1,354.10M	883.28M	161.96M	429.78M
Operating income	1,534.39M	532.53M	176.87M	-332.21M	57.44M
Income before tax	1,751.14M	840.19M	357.73M	-177.35M	87.32M
Net income	1,229.82M	579.61M	237.53M	-107.54M	68.18M
EBITDA	1,714.78M	695.57M	370.24M	-189.14M	184.17M
Diluted EPS	0.33	0.15	0.06	-0.02	0.01
Dividends Per Share	0.06	0.03	0.01	0.00	0.01
Total Assets	13,223.13M	12,606.83M	11,327.46M	10,817.04M	9,993.86M
Total liabilities	7,604.47M	7,052.07M	5,861.15M	5,937.29M	5,005.41M
Total equity	5,617.79M	5,551.82M	5,465.95M	4,879.63M	4,987.90M
Operating cash flow	406.34M	826.25M	268.15M	179.80M	165.45M

Valuation Measures

Mar 2017
PER	87.21
ROA	0.66%
ROE	1.41%
Operating margin	1.36%
Profit margin	1.62%

Key executives

Chairman & Managing Director: Atul Sobti
Director & Finance Director: Subodh Gupta
Executive Director & Director-Engineering: Subrata Biswas
Secretary & Compliance Officer: Inder Pal Singh
Executive Director & Director-Human Resources: Debashis Bandyopadhyay

Shareholders

Government of India (63.0%)
Life Insurance Corp. of India (13.9%)
Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (1.0%)
PineBridge Investments Asia Ltd. (1.0%)
JF Asset Management Ltd. (0.9%)
Fidelity Management & Research Co. (0.8%)
The Vanguard Group, Inc. (0.8%)
SBI Funds Management Pvt Ltd. (0.7%)
BlackRock Fund Advisors (0.6%)
Massachusetts Financial Services Co. (0.6%)

Contact Details

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

Related Companies

Bharat Heavy Plates & Vessels Ltd.

Competitors

Doosan Corporation
OJSC Turboatom

Last Updated on 25 Apr, 2018

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Bharat Heavy Electricals Ltd.

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