Bharat Heavy Electricals Ltd
About
Bharat Heavy Electricals Limited (BHEL) is an Indian public sector engineering and manufacturing company that operates under the Ministry of Heavy Industries. BHEL designs, engineers, and services a wide range of products. The company mainly caters to the core industrial sectors of power generation, transmission, transportation, defense, aerospace, oil and gas, and renewable energy. BHEL’s product portfolio includes boilers, turbines, transformers, super photovoltaic systems and electric locomotives among others. The company has established 16 manufacturing units and 4 regional offices across India, employing 28,000 professionals and over 9000 engineers. BHEL is a proponent of in-house product development with more than 2.5% of its revenue being consistently invested on R&D and innovation.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 24940 4.1% | 23967 13.7% | 21084 22.7% | 17190 -25.6% | 23096 -28.0% | 32092 11.6% | 28768 1.9% | 28237 5.4% | 26803 -18.5% | 32894 -19.3% | 40748 -19.4% | 50566 0.3% | 50442 15.5% | 43687 23.1% | 35498 22.1% | 29085 - |
| Net Operating Income (INR Cr) | 23893 2.26% | 23365 10.15% | 21211 22.55% | 17309 -19.36% | 21463 -29.49% | 30441 5.60% | 28827 1.23% | 28477 11.59% | 25520 -18.55% | 31333 -22.01% | 40178 -18.92% | 49552 2.51% | 48340 13.67% | 42526 26.92% | 33506 24.67% | 26876 0.00% |
| Profit (INR Cr) | 282 -56.9% | 654 46.7% | 446 - | -2697 - | -1466 - | 1005 127.8% | 441 -3.5% | 457 - | -704 - | 1452 -58.5% | 3503 -47.7% | 6693 -5.6% | 7087 17.1% | 6053 39.9% | 4327 38.9% | 3115 - |
| Assets (INR Cr) | 42506 9.4% | 38860 -2.0% | 39667 -0.3% | 39780 -5.6% | 42145 -2.9% | 43382 4.1% | 41658 0.9% | 41271 -7.6% | 44665 -7.5% | 48275 -7.1% | 51978 15.5% | 45021 17.1% | 38438 11.4% | 34510 115.1% | 16044 22.6% | 13085 - |
| Net Worth (INR Cr) | 24439 0.3% | 24378 -8.0% | 26507 2.0% | 25984 -9.3% | 28661 -7.3% | 30904 -4.4% | 32335 -0.2% | 32389 0.2% | 32314 -5.5% | 34207 3.1% | 33170 8.6% | 30548 20.3% | 25403 26.0% | 20155 26.8% | 15896 23.1% | 12919 0.0% |
| Employee Cost (INR Cr) | 5629 -1.3% | 5701 3.3% | 5519 2.6% | 5378 -1.0% | 5432 -1.4% | 5509 -9.3% | 6076 12.5% | 5403 0.3% | 5387 -1.6% | 5475 -8.1% | 5957 2.3% | 5824 5.3% | 5530 1.4% | 5453 -17.3% | 6590 118.3% | 3020 - |
| Interest Cost (INR Cr) | 828 | 612 | 448 | 467 | 613 | 378 | 330 | 413 | 360 | 92 | 133 | 128 | 53 | 56 | 37 | 35 |
| Cash & Bank Balance (INR Cr) | 6157 | 6698 | 7154 | 6701 | 6419 | 7504 | 11176 | 10494 | 10087 | 9949 | 12020 | 7853 | 6734 | 9706 | 9856 | 10329 |
| Total Debt (INR Cr) | 8856 | 5454 | 4830 | 4951 | 5080 | 2598 | 110 | 156 | 211 | 1889 | 4693 | 2698 | 432 | 252 | 148 | 167 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 1.1% | 2.7% | 2.1% | - | - | 3.1% | 1.5% | 1.6% | - | 4.4% | 8.6% | 13.2% | 14.1% | 13.9% | 12.2% | 10.7% |
| Profit As % Of Assets | 0.7% | 1.7% | 1.1% | - | - | 2.3% | 1.1% | 1.1% | - | 3.0% | 6.7% | 14.9% | 18.4% | 17.5% | 27.0% | 23.8% |
| Profit As % Of Networth | 1.2% | 2.7% | 1.7% | - | - | 3.3% | 1.4% | 1.4% | - | 4.3% | 10.6% | 21.9% | 27.9% | 30.0% | 27.2% | 24.1% |
| Interest Cost to EBITDA % | 116.7% | 58.7% | 54.1% | - | - | 18.6% | 20.0% | 37.7% | - | 4.3% | 2.9% | 1.4% | 0.5% | 0.7% | 0.6% | 0.8% |
| Debt to Equity Ratio | 0.36 | 0.22 | 0.18 | 0.19 | 0.18 | 0.08 | 0.00 | 0.00 | 0.01 | 0.06 | 0.14 | 0.09 | 0.02 | 0.01 | 0.01 | 0.01 |
| RONW | 0.9% | 2.1% | 1.6% | - | - | 3.1% | 1.3% | 1.4% | - | 4.3% | 11.0% | 23.9% | 31.1% | 33.6% | 30.0% | 24.1% |
| ROCE | 2.3% | 3.0% | 2.2% | 0.0% | 0.0% | 5.2% | 3.7% | 2.3% | 0.0% | 4.6% | 10.8% | 23.2% | 28.6% | 36.1% | 45.7% | 37.2% |