As of August 2024, BHEL stock is trading near its 52-week high but on the other side, the financials and fundamentals of the company are not supporting. That’s why retail investors are scared and worried about investments. If you are also one of those investors then the article BHEL share price target for 2024, 2025, and 2026 may help you to make good decisions.
Since 2023, the BHEL stock has already given a return of more than 300% and currently trading near its all-time high. As the stock price increased rapidly the sales and profit of the company did not increase. It is all because of massive buying by the FIIs and DIIs.
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About BHEL
BHEL (Bharat Heavy Electricals Ltd) was established in 1964. The company is involved in engineering and manufacturing various products for many sectors and industries. The company is primarily engaged in the power sector business and it generates maximum revenue from here. The current managing director of the Bharat Heavy Electrical Ltd is Dr. Nalin Singhal.
Bharat Heavy Electricals Ltd is involved in engaged in the following sectors/industries.
- Power
- Transmission
- Transportation
- Renewable Energy
- Defense & Aerospace
- Energy Storage Solutions
- Industrial Products & Systems
- Captive Power & Process Plants
BHEL manufactures hundreds of different equipment for various sectors, such as power generation, transmission, renewable energy, and many more.
If you want more information about the company’s business, you should visit BHEL’s official website.
BHEL’s Scrip Info
| NSE | BHEL |
| BSE | 500103 |
| ISIN | INE257A01026 |
| SECTOR | CAPITAL GOODS – ELECTRICAL EQUIPMENT |
Company Analysis
Below you’ll find Bharat Heavy Electricals Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | -₹205 |
| Sep 2023 | -₹238 |
| Dec 2023 | ₹60 |
| Mar 2024 | ₹490 |
| Jun 2024 | -₹211 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | -₹1,468 |
| Mar 2021 | ₹2,700 |
| Mar 2022 | ₹445 |
| Mar 2023 | ₹654 |
| Mar 2024 | ₹282 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,01,015Cr | ROE | 1.15% |
| P/E Ratio (TTM) | 1000.34 | EPS (TTM) | 0.29 |
| P/B Ratio | 4.13 | Div. Yield | 0.00% |
| Industry PE | 101.64 | Book Value | 70.18 |
| Debt to Equity | 0.36 | Face Value | 2 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 7.23% | 7.04% | 8.76% | 9.10% |
| DIIs | 15.99% | 17.58% | 15.95% | 15.03% |
| Public | 13.62% | 12.23% | 12.24% | 15.03% |
| Promoters | 63.17% | 63.17% | 63.17% | 63.17% |
| Other Holders | 0.00% | 0.00% | 0.00% | 0.00% |
Key Insights
- Low debt on the BHEL company.
- BHEL making profits consistently.
- BHEL’s stock with low PE (PE<=10)
- The tax rate on the company is low.
- BHEL company with zero promoter pledge.
- Earnings have not improved over the years.
- The profit margins of the company are not stable.
- BHEL company is one of the highest dividend paying.
- FIIs have increased their holdings in the company in the last few quarters.
Quarterly Result – June 2024
In the current quarter (June 2024) the BHEL company showed a net loss of Rs. 211 Crore. But the company made a net profit of Rs. 490 Crore in the last quarter (March 2024).
As the BHEL company’s net profit fell the EPS (earnings per share) also fell to Rs. -0.61 from Rs. 1.41 in the June 2024 quarter.
BHEL Share Price Target
From the above-given information, it can be seen that the sales, profits, EPS, etc. of the company are not improving but the BHEL stock has given a massive rally in the last 1 to 2 years. This type of rally in any stock is normal during the bull run in the stock market. At this level, if someone does not make the right decision then it may face a huge loss as BHEL’s share price target for 2024, 2025, and 2026 looks negative i.e. bearish.
As per the current analysts and broker ratings, they recommend selling the stock as it has been overpriced in the last 1 – 2 years. Currently, the BHEL stock is also trading in a range near its 52-week high.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹255 | ₹265 |
| 2025 | ₹360 | ₹400 |
| 2026 | ₹400 | ₹450 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
BHEL Share Price Target 2024
In the upcoming few weeks, the stock can fall as it is hitting its support multiple times. Hitting support multiple times means the support is becoming weak and probably will break soon.
BHEL stock is in the same condition, now we have to see how much time it will take to break its support and fall. If you are planning to invest in the stock then you should wait for the stock breakdown and form any pattern at the lower level. Investing at this level can turn your portfolio into red or a huge loss.
Also, a well-known stock broking company Prabhudas Lilladher rated the stock “sell” on 01 August 2024. On the day the stock was trading near Rs. 308.35 and their BHEL share price target Rs. 264. It means the trade is already in profit and the stock can fall more.
As you know we can not sell and hold stock. This analysis is for the people who want to invest or book profit from the BHEL stock.
BHEL Share Price Target 2025
Bharat Heavy Electricals Ltd made good profits from March 2013 to March 2015 but in the next year, the company has shown loss. Again, From March 2017 to March 2019 it showed good profit but the next 2 years showed a loss. Now, Since March 2022 the company has been showing some profits. In conclusion, the company has shown good profits and losses in some financial years. So, it is hard to predict whether or not BHEL will be profitable in the upcoming years.
If the BHEL company continues making profits in the upcoming years then no doubt the BHEL share price target for 2025 can be near Rs. 360 to Rs. 400.
BHEL Share Price Target 2026
BHEL company is one of the leading companies in many sectors like the Power sector, industry sector, etc. The company generates approx 76% of its revenue from the power sector. and
The company offers a lot of products and services to many industries like defense, transportation, renewable energy, aerospace, and many more. The company presence in more than 88+ countries. In the nuclear power generation, the BHEL has a 100% market share.
As per the business model, BHEL is a good company but during the volatile market, its stock fell badly. For long-term investments, it is a good company but many companies are fundamentally strong. Also for the long term, we do not expect a good BHEL share price target but it can cross Rs. 400 to Rs. 450 if everything goes well.
FAQs
BHEL is involved in the capital goods – electrical equipment sector. The company is majorly involved in the power sector and also provides products and services to many industries like defense, transportation, renewable energy, aerospace, and many more.
As of 15 August 2024, the BHEL stock is trading near Rs. 290. At this range, the stock is trading for a long time and it seems that the stock can fall from this level soon. Also, technical analysis and some indicators suggest the same thing for the stock.
For the sell side, there is a BHEL share price target of Rs. 255 to Rs. 265.
Brokers and analysts have been bearish on the stock for the last few months. In the latest quarterly results of the BHEL, the rating is not updated which means still they are bearish.
Currently, approximately 70% of the analysts and brokers are bearish on the BHEL stock. So, if you are planning for any investment then you should do it carefully with proper analysis.
Final Words
BHEL is a good company that has given a massive return in the last 1 to 2 years to investors. The company manufactures a lot of products and provides them to many industries and sectors like defense, transportation, renewable energy, aerospace, and many more. Currently, analysts’ and brokers’ ratings suggest that the stock is bearish but in the BHEL share price target for 2024, 2025, and 2026 there is huge opportunity for the long term.