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Producer Manufacturing

Bharat Heavy Electricals Ltd.

  • 72.50 INR
  • -1.35
  • -1.83%
  • India
    Aug 17, 2018
  • Ticker
    BOM(500103)
  • Prev. close
    73.85
  • Market cap (INR)
    271,133M
  • Market cap (USD)
    3,857M
  • Shares
    3,671.40M

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 2018 INRUSD
Revenue288,274.80M4,471.73M
Gross Profit58,518.40M907.73M
Operating income11,827.80M183.47M
Income before tax12,148.70M188.45M
Net income4,411.60M68.43M
EBITDA19,701.10M305.60M
Diluted EPS1.190.01
Dividends Per Share1.820.02
Total Assets635,446.80M9,742.87M
Total liabilities312,137.40M4,785.79M
Total equity323,349.90M4,957.70M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 391,332.90M 303,915.10M 254,859.90M 282,141.20M 288,274.80M
Gross Profit 81,834.30M 54,006.80M 10,603.90M 28,819.90M 58,518.40M
Operating income 32,183.10M 10,814.80M -21,750.70M 3,852.10M 11,827.80M
Income before tax 50,776.80M 21,872.90M -11,611.30M 5,855.70M 12,148.70M
Net income 35,028.60M 14,523.80M -7,041.30M 4,572.60M 4,411.60M
EBITDA 42,036.70M 22,638.10M -12,383.70M 12,350M 19,701.10M
Diluted EPS 9.54 3.95 -1.92 1.24 1.19
Dividends Per Share 1.88 0.77 0.26 1.05 1.82
Total Assets 752,911.50M 708,886.80M 716,331.60M 648,951.60M 635,446.80M
Total liabilities 421,167.40M 366,798.50M 393,182.30M 325,026.90M 312,137.40M
Total equity 331,568.70M 342,066M 323,141.50M 323,889.90M 323,349.90M
Operating cash flow 49,933.80M 16,395.90M 11,772.10M 11,094.90M --
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 6,475.34M 4,970.52M 3,892.72M 4,207.47M 4,471.73M
Gross Profit 1,354.10M 883.28M 161.96M 429.78M 907.73M
Operating income 532.53M 176.87M -332.21M 57.44M 183.47M
Income before tax 840.19M 357.73M -177.35M 87.32M 188.45M
Net income 579.61M 237.53M -107.54M 68.18M 68.43M
EBITDA 695.57M 370.24M -189.14M 184.17M 305.60M
Diluted EPS 0.15 0.06 -0.02 0.01 0.01
Dividends Per Share 0.03 0.01 0.00 0.01 0.02
Total Assets 12,606.83M 11,327.46M 10,817.04M 9,993.86M 9,742.87M
Total liabilities 7,052.07M 5,861.15M 5,937.29M 5,005.41M 4,785.79M
Total equity 5,551.82M 5,465.95M 4,879.63M 4,987.90M 4,957.70M
Operating cash flow 826.25M 268.15M 179.80M 165.45M --

Valuation Measures

Mar 2018
PER68.40
ROA0.68%
ROE1.36%
Operating margin4.10%
Profit margin1.53%

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%)
  • JF Asset Management Ltd. (1.3%)
  • PineBridge Investments Asia Ltd. (1.0%)
  • Fidelity Management & Research Co. (0.8%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (0.8%)
  • The Vanguard Group, Inc. (0.8%)
  • Massachusetts Financial Services Co. (0.8%)
  • SBI Funds Management Pvt Ltd. (0.7%)
  • BlackRock Fund Advisors (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

  • OJSC Turboatom
Last Updated on 17 Aug, 2018

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