
Welcome to our new website
As well as being able to load content faster than ever before, you'll now find it's much easier to find all the content you need about the Asian business world.
Bharat Heavy Electricals Ltd.
- 89.05 INR
- +3.15
- +3.67%
India
Apr 25, 2018Ticker
BOM(500103)Prev. close
85.90Market cap (INR)
315,373.25MMarket cap (USD)
4,716.39MShares
3,671.39M
In the news
- Indian shares fall for third day as US rate hike fears dent risk appetite Mar 1, 2018
- India shares fall as tighter bad-debt rules drag down banks Feb 14, 2018
- Bharat Heavy Electricals posts 64% jump in quarterly profit Feb 8, 2018
- India shares post biggest jump in more than three months Feb 8, 2018
- India shares fall for 2nd day as investors book profits amid higher energy prices Nov 8, 2017 See more articles on Bharat Heavy Electricals Ltd.
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
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
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
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.
Last Updated on 25 Apr, 2018