Emkay Global has given a hold rating to BHEL with a target price of Rs 37. The share price moved down by 3.33% from its previous close of RS 37.50. The stock's last traded price is Rs 36.25.
Bharat Heavy Electricals Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 12622.48 crore) operating in the Engineering sector.
Bharat Heavy Electricals Ltd. key Products/Revenue Segments include Erection & Other Services which contributed Rs 6947.10 crore to sales value (22.89% of Total Sales), other operating revenue which contributed Rs 790.52 crore to sales value (2.60% of Total Sales), Scrap which contributed Rs 205.58 crore to sales value (0.67% of total sales) and Export INcentives which contributed Rs 3.64 crore to sales value (0.01% of Total Sales) for the year ending 31-Mar-2019.
Financials
For the quarter ended 31-03-2020, the company reported a consolidated sales of Rs 5049.81 crore, down 7.50% from last quarter sales of Rs 5459.24 crore and down -48.67% from last year same quarter sales of Rs 9838.35 crore. The company reported net profit after tax of Rs -1535.26 Crore in the latest quarter.
Promotor/FII Holdings
Promotors held a 63.17% stake in the company as of March 31, 2020, while FIIs held 9.36%, DIIs 17.81%, and public & others 9.66%.
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