As of January 29, 2025, Bharat Heavy Electricals Limited (BHEL) is trading at ₹200.19, reflecting a 3.05% decrease over the past 24 hours
Recent Financial Performance:
- Quarterly Results: For the quarter ending September 30, 2024, BHEL reported a total revenue of ₹6,695.37 crore and a net profit of ₹106.15 crore.
- Annual Performance: In the fiscal year ending March 31, 2024, the company achieved a total revenue of ₹24,439.05 crore and a net profit of ₹282.22 crore on a consolidated basis.
Key Financial Ratios:
- Price-to-Earnings (P/E) Ratio: 316.4
- Price-to-Book (P/B) Ratio: 3.05
- Dividend Yield: 0.12%
These ratios suggest that BHEL’s stock is currently trading at a premium valuation.
Technical Analysis:
A recent analysis indicates that BHEL has broken out of an inverted head and shoulders pattern with a gap-up, signaling bullish momentum. Additionally, the stock has consistently found support at the 50-day Simple Moving Average (SMA) in recent sessions.
Analyst Recommendations:
As of September 2024, the consensus among 18 analysts is to hold BHEL’s stock. The median target price over the next 12 months is ₹230.38.
Recent Developments:
On January 8, 2025, BHEL commissioned Units 1 and 2 of the Punatsangchhu-II Hydroelectric Project, marking a significant milestone in the company’s project execution capabilities.
Conclusion:
BHEL has demonstrated resilience with consistent revenue growth and strategic project completions. However, its current valuation metrics suggest a premium pricing. Investors should monitor upcoming earnings reports and market conditions to make informed decisions.
