With a market capitalization of Rs 28,970 crores, the stocks of Bharat Heavy Electricals Limited closed today at Rs 83.20, gaining around 1.50 percent as compared to the previous closing price of Rs 82. 

Having a say about the company’s order book, it secured orders worth Rs 23,548 crores during FY22-23 and put an end to FY22-23 with a total order book of over Rs 91,336 crores. 

The outstanding order book value increased to Rs 1,14,336 crores after the BHEL-Titagarh Wagons Limited consortium, in April 2023, was awarded an order valued at about Rs 23,000 crores for 80 Vande Bharat Trainsets. 

At the end of last month, the company announced its financial results for the last quarter and annual period of FY22-23. Moreover, the company’s Board recommended a Final dividend of Rs 0.40 per equity share (20 percent of its Face Value of Rs 2). Payment of the same is subject to shareholder approval. 

The company reported an increase in operating revenues from Rs 20,153 crores during FY21-22 to Rs 22,136 crores in FY22-23. In congruence with the movement shown above, it reported a profit after tax (PAT) of Rs 445 crores in FY21-22 and Rs 477 crores during FY22-23. 

The net profit margins of the company, comparing FY20-21 and FY22-23, have shown great improvements with a transition from negative margins of 15.85 percent to positive margins of 1.80 percent. Likewise, the return on equity (ROE), keeping the timeframe the same, moved from negative returns of 10.38 percent to positive returns of 1.77 percent. 

Bharat Heavy Electricals Limited, one of the largest engineering and manufacturing companies in India, is engaged in the manufacturing process of integrated power plant equipment.

Through its products and services, it serves transportation, power, oil & gas, and other industrial markets. The majority of its revenues come from domestic operations within India. 

According to the latest shareholding data available for the March 2023 quarter, the President of India, being the promoter of the company, holds a 63.17 percent stake, and Foreign Institutional Investors (FIIs) hold a 8.58 percent stake in the company. 

Written by Amit Madnani


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