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Bharat Heavy Electricals Ltd.
Bharat Heavy Electricals Ltd.
ABOUT
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas, and defense. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.
KEY POINTS
Power Sector (~76% of revenues)
The company has the capability to manufacture the entire range of power plant equipment including thermal, gas, hydro, and nuclear power projects
Execution Record - It has executed ~1,000
coal, hydro, gas, and nuclear-based utility sets since its inception in 1964. It accounts for ~53% of India's total capacity of utility power projects. As per FY22, the total capacity of the company's electricity utility installed base is ~164 GW out of which ~132 GW is from coal-based power projects.
Industry Sector (~24% of revenues)
Under this segment, the company offers various products/ solutions for various sectors viz. transportation, renewables, defence & aerospace, energy storage solutions & other business areas, captive power & process plants, transmission, and industrial products.
Product Profile - The company's product profile for both sectors can be found here.
Order Book Position
As per FY22, the company has an outstanding order book of ~102,500 crores. It received ~23,690 crores of orders in FY22 out of which 76% is from Power Sector.
For Power Sector, out of the total order from 2017-2022 which was 16,320MW, BHEL accounted for ~75%, 12,180MW, and commands a 100% market share in Nuclear Power
International Presence
The company has a footprint in 88 countries across 6 continents of the world. In FY22, exports accounted for ~8% of revenues compared to 11% in FY21.
Manufacturing Capabilities
As per FY22, the company operates 16, manufacturing units and 2 repair units across the nation.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. High traded volume.
2. Stock is traded around the 2018's High.
3. Very aggressive SHORT COVER in FUT.
4. Option chain is very interesting Call writers of 85/90/92 are unwinding their positions.
FUNDAMENTAL ANALYSIS.
Sector: Capital Goods - Electrical Equipment
1. Market Cap - ₹ 31,530 Cr.
2. Stock P/E - 41.3
3. Price to book value - 1.20
4. Debt to equity - 0.22
5. Free Cash Flow - ₹ 498 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #Bhel
ABOUT
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas, and defense. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.
KEY POINTS
Power Sector (~76% of revenues)
The company has the capability to manufacture the entire range of power plant equipment including thermal, gas, hydro, and nuclear power projects
Execution Record - It has executed ~1,000
coal, hydro, gas, and nuclear-based utility sets since its inception in 1964. It accounts for ~53% of India's total capacity of utility power projects. As per FY22, the total capacity of the company's electricity utility installed base is ~164 GW out of which ~132 GW is from coal-based power projects.
Industry Sector (~24% of revenues)
Under this segment, the company offers various products/ solutions for various sectors viz. transportation, renewables, defence & aerospace, energy storage solutions & other business areas, captive power & process plants, transmission, and industrial products.
Product Profile - The company's product profile for both sectors can be found here.
Order Book Position
As per FY22, the company has an outstanding order book of ~102,500 crores. It received ~23,690 crores of orders in FY22 out of which 76% is from Power Sector.
For Power Sector, out of the total order from 2017-2022 which was 16,320MW, BHEL accounted for ~75%, 12,180MW, and commands a 100% market share in Nuclear Power
International Presence
The company has a footprint in 88 countries across 6 continents of the world. In FY22, exports accounted for ~8% of revenues compared to 11% in FY21.
Manufacturing Capabilities
As per FY22, the company operates 16, manufacturing units and 2 repair units across the nation.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. High traded volume.
2. Stock is traded around the 2018's High.
3. Very aggressive SHORT COVER in FUT.
4. Option chain is very interesting Call writers of 85/90/92 are unwinding their positions.
FUNDAMENTAL ANALYSIS.
Sector: Capital Goods - Electrical Equipment
1. Market Cap - ₹ 31,530 Cr.
2. Stock P/E - 41.3
3. Price to book value - 1.20
4. Debt to equity - 0.22
5. Free Cash Flow - ₹ 498 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #Bhel
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