Maharatna BHEL shares today declined over 4% on Bombay Stock Exchange to settle at Rs 193.15 per share. The PSU witnessed steep dip in last 6-months with shares falling as much as 33.40%. The state-run firm declared its EBITDA surged 41% to Rs 304 crore for Q3FY25 as against Rs 216 crore in the corresponding quarter of last year. Meanwhile, the margin also expanded 30 basis points to 4.2% for Q3FY25 as compared to 3.9% in the similar quarter of last year.
Net profit surged to 135 crore for the quarter under review from Rs 60.3 crore reported in Q3FY24. However, shares of the PSU declined 42.41% from 52-week high price of Rs 335.40 per share if the last trading price of Rs 193.15 is taken into consideration. Check key details below:
BHEL Bags Major Order
According to the exchange filing issued after market hours as on Feb 14, 2025, “Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) from Singareni Collieries Company Limited (SCCL) for EPC Pkg. of 1×800 MW Singareni Stage-II project.”
The nature of the order is to “supply and erection, testing & commissioning works – boiler, turbine, generator, FGD and associated auxiliaries along with electrical and C&I, Balance of Plant Packages, associated civil works.”
The order needs to completed in 48 months and broad consideration or size of the order is worth Rs 6,700 crore.
LIC Stake In BHEL
Life Insurance Corporation of India has a stake of 6.72% in BHEL.
BHEL Shares Performance
The 52-week high price of BHEL stock on BSE is Rs 335.40 per share (as on 09/07/2024) and 52-week low price is Rs 185.20 per share (as on 29/01/2025), respectively. Its market cap is Rs 67,256.05 crore while the ROE is 2.01%. BHEL shares fell 17.17% YTD, tumbled 14% in last 1-year, and gained 172.04% in last 1-year. The scrip offered maximum returns of over 433% in last 5-years.
BHEL Bonus Share History
It recommended a total of 2 bonuses since May 31, 2007. The company’s last bonus was declared in the ration of 1:2 with ex-bonus date fixed as September 28, 2017, according to Trendlyne.
BHEL Dividend History
Bharat Heavy Electricals Ltd declared a total of 38 dividends since August 27, 2001. In last 1-year, it recommended an equity dividend amounting to Re 0.25 per share.
BHEL Stock Split History
The PSU split/sub-divided its face value once since October 3, 2011. It last split the face value of its shares from Rs 10 to Rs 2 in 2011 and traded ex-split on October 3, 2011.
Should You Buy BHEL Shares?
Renowned brokerage firm Antique has buy on PSU BHEL share with the target price of Rs 300. The analyst said, “despite strong execution, we project the order book to rise to an all-time high of INR 2.2 trn in FY27. Earnings could grow exponentially over the next three years, given strong operating leverage.”
About
BHEL came into existence in 1964. Government of India granted the MAHARATNA status to the large sector PSU.
Disclaimer: The stock has been picked from the brokerage report of Morgan Stanley and CLSA. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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