Asia300

Bharat Heavy Electricals Ltd.

India

  • 1m
  • 3m
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Aug 16, 2017
Prev close: 129.85
Aug 16, 2017
Market cap:
Market cap(USD):
317,820.90M
4,953.66M
Shares: 2,447.60M

Currency in INR

Company profile

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

Business summary

Bharat Heavy Electricals Ltd. is a holding company which operates as an engineering, manufacturing and integrated power plant equipment manufacturing company. The company operates through two segments: Power and Industry. 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.

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 2017

  • Local currency
  • US Dollar
Revenue 282,521.8M
Gross profit 48,614.6M
Operating income 2,467.8M
Income before tax 6,091.3M
Net income 4,572.6M
EBITDA 10,965.7M
Diluted EPS 1.86
Dividends per share 1.58
Total assets 613,474.5M
Total liabilities 289,595.4M
Total equity 323,889.9M
Operating cash flow --

Currency in INR

Revenue 4,213.15M
Gross profit 724.97M
Operating income 36.80M
Income before tax 90.83M
Net income 68.18M
EBITDA 163.52M
Diluted EPS 0.02
Dividends per share 0.02
Total assets 9,447.51M
Total liabilities 4,459.77M
Total equity 4,987.90M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER 87.68
ROA 0.69%
ROE 1.39%
Operating margin 0.87%
Profit margin 1.61%

Key executive

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

Share holders

  • Government of India(63.0%)
  • Life Insurance Corp. of India(14.3%)
  • Comgest SA(2.7%)
  • PineBridge Investments Asia Ltd.(1.2%)
  • Lazard Asset Management LLC(1.1%)
  • Fidelity Management & Research Co.(0.8%)
  • The Vanguard Group, Inc.(0.8%)
  • BlackRock Fund Advisors(0.6%)
  • JF Asset Management Ltd.(0.5%)
  • Dimensional Fund Advisors LP(0.5%)

Address

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

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