Since 1956, Bharat Heavy Electricals Limited (BHEL) has been a big part of India’s growth, especially in making power equipment. It’s the biggest government-owned maker in its field and has helped India build up its power infrastructure. BHEL is based in New Delhi and overseen by the Ministry of Heavy Industries. It represents India’s effort to make its own heavy electrical stuff and uses its knowledge and tech to push the country forward.
BHEL is known for being innovative, making quality products, and caring about the environment. It doesn’t just work in India; it also sells its stuff to other countries. As India keeps growing and needs more energy, BHEL is there to provide modern solutions, helping the country progress while also joining the global shift to cleaner energy.
History of BHEL
Since its inception in 1956, Bharat Heavy Electricals Limited (BHEL) has been a driving force in shaping India’s heavy electrical equipment industry. Initially focused on manufacturing, BHEL received crucial technological support from the Soviet Union in its early days. A significant milestone occurred in 1974 when Heavy Electricals (India) Limited merged with BHEL, further strengthening its position in the sector. By the 1980s, BHEL had emerged as a leader in thyristor technology, emphasizing its dedication to innovation.
In 1991, BHEL underwent a transformation into a public company, signifying a pivotal moment in its journey. Over time, BHEL diversified its product portfolio to encompass a broad range of electrical, electronic, and mechanical equipment for various sectors, including transmission, transportation, oil and gas, among others. Despite this diversification, power generation equipment like turbines and boilers remained central to BHEL’s revenue.
BHEL’s influence extends globally, with its products and services reaching over 76 countries across six continents. With a cumulative overseas installed capacity exceeding 9,000 MW in 21 countries, BHEL has positioned itself as a key player in the global power generation sector. Through endeavors ranging from turnkey projects to after-sales services, BHEL underscores its dedication to excellence and innovation on a global scale in bolstering energy infrastructure.
BHEL’s Q4 FY24 Results: Summary and Key Points
- BHEL’s Q4 consolidated net profit declined by over 25% to Rs 489.62 crore, primarily due to increased expenses.
- Total expenses rose to Rs 7,794.11 crore compared to Rs 7,411.64 crore in the same period last year, contributing to the decline in net profit.
- Despite the decrease in net profit, total income marginally increased to Rs 8,416.84 crore from Rs 8,338.61 crore in the year-ago period.
- For the fiscal year 2023-24, BHEL’s consolidated net profit dropped to Rs 282.22 crore from Rs 654.12 crore in the previous fiscal year, indicating a substantial decline.
- However, there was a slight improvement in total income for the fiscal year, rising to Rs 24,439.05 crore from Rs 23,853.57 crore in the previous fiscal year.
- The board recommended a final dividend of 12.50% or 25 paise per share for fiscal year 2023-24, aiming to reward shareholders despite the decline in profitability.
- These financial results reflect the challenges faced by BHEL in managing expenses amidst changing market dynamics, while also highlighting its resilience in maintaining a stable revenue stream.
How to Purchase BHEL’s Shares in India?
Below are the trading platforms that you can use to purchase BHEL shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
BHEL Share Price Prediction: 2024, 2025 to 2030
BHEL Share Price Target 2024
| When | Maximum Price | Minimum Price |
| May 2024 | 310.90 | 270.35 |
| June 2024 | 322.10 | 280.08 |
| July 2024 | 318.88 | 277.28 |
| August 2024 | 331.63 | 288.37 |
| September 2024 | 344.90 | 299.91 |
| October 2024 | 338.13 | 294.03 |
| November 2024 | 351.66 | 305.79 |
| December 2024 | 355.18 | 308.85 |
- Maximum Price of BHEL: ₹355.18 (December 2024)
- Minimum Price of BHEL: ₹270.35 (May 2024)
BHEL Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 358.73 | 275.94 |
| February 2025 | 362.35 | 278.73 |
| March 2025 | 369.96 | 284.58 |
| April 2025 | 366.30 | 281.77 |
| May 2025 | 355.63 | 273.56 |
| June 2025 | 371.63 | 285.87 |
| July 2025 | 364.34 | 280.26 |
| August 2025 | 375.61 | 288.93 |
| September 2025 | 380.12 | 292.40 |
| October 2025 | 390.00 | 300.00 |
| November 2025 | 399.75 | 307.50 |
| December 2025 | 417.74 | 321.34 |
- Maximum Price of BHEL: ₹417.74 (December 2025)
- Minimum Price of BHEL: ₹273.56 (May 2025)
BHEL Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 430.27 | 330.98 |
| February 2026 | 419.52 | 322.71 |
| March 2026 | 427.91 | 329.16 |
| April 2026 | 436.64 | 335.88 |
| May 2026 | 432.32 | 332.55 |
| June 2026 | 443.13 | 340.87 |
| July 2026 | 434.44 | 334.18 |
| August 2026 | 447.87 | 344.52 |
| September 2026 | 456.83 | 351.41 |
| October 2026 | 468.71 | 360.54 |
| November 2026 | 480.43 | 369.56 |
| December 2026 | 492.44 | 378.80 |
BHEL Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 497.36 | 382.59 |
| February 2027 | 510.11 | 392.39 |
| March 2027 | 530.01 | 407.70 |
| April 2027 | 519.62 | 399.70 |
| May 2027 | 504.48 | 388.06 |
| June 2027 | 527.18 | 405.53 |
| July 2027 | 516.85 | 397.57 |
| August 2027 | 532.83 | 409.87 |
| September 2027 | 551.48 | 424.22 |
| October 2027 | 565.82 | 435.24 |
| November 2027 | 579.96 | 446.13 |
| December 2027 | 594.46 | 457.28 |
BHEL Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 606.35 | 466.42 |
| February 2028 | 621.90 | 478.38 |
| March 2028 | 646.15 | 497.04 |
| April 2028 | 633.48 | 487.30 |
| May 2028 | 615.03 | 473.10 |
| June 2028 | 642.71 | 494.39 |
| July 2028 | 630.11 | 484.70 |
| August 2028 | 649.60 | 499.69 |
| September 2028 | 672.33 | 517.18 |
| October 2028 | 689.81 | 530.62 |
| November 2028 | 707.06 | 543.89 |
| December 2028 | 724.73 | 557.49 |
BHEL Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 739.23 | 568.64 |
| February 2029 | 758.18 | 583.22 |
| March 2029 | 787.75 | 605.96 |
| April 2029 | 772.31 | 594.08 |
| May 2029 | 749.81 | 576.78 |
| June 2029 | 783.55 | 602.73 |
| July 2029 | 768.19 | 590.91 |
| August 2029 | 791.95 | 609.19 |
| September 2029 | 819.67 | 630.51 |
| October 2029 | 840.98 | 646.91 |
| November 2029 | 862.00 | 663.08 |
| December 2029 | 883.55 | 679.65 |
BHEL Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 901.22 | 693.25 |
| February 2030 | 924.33 | 711.02 |
| March 2030 | 960.38 | 738.75 |
| April 2030 | 941.55 | 724.27 |
| May 2030 | 914.12 | 703.17 |
| June 2030 | 955.26 | 734.82 |
| July 2030 | 936.53 | 720.41 |
| August 2030 | 965.49 | 742.69 |
| September 2030 | 999.29 | 768.68 |
| October 2030 | 1,025.27 | 788.67 |
| November 2030 | 1,050.90 | 808.38 |
| December 2030 | 1,077.17 | 828.59 |
- Maximum Price of BHEL: ₹1,077.17 (December 2030)
- Minimum Price of BHEL: ₹693.25 (January 2030)
Financial Condition of BHEL: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 21,463 | 17,309 | 21,211 | 23,365 | 23,893 |
| Expenses + | 21,596 | 20,357 | 20,383 | 22,557 | 23,280 |
| Operating Profit | -133 | -3,049 | 828 | 807 | 613 |
| OPM % | -1% | -18% | 4% | 3% | 3% |
| Other Income + | 590 | 393 | 405 | 544 | 610 |
| Interest | 613 | 467 | 448 | 612 | 731 |
| Depreciation | 503 | 473 | 314 | 260 | 249 |
| Profit before tax | -659 | -3,596 | 470 | 479 | 243 |
| Tax % | -123% | 25% | 5% | 0% | -16% |
| Net Profit + | -1,468 | -2,700 | 445 | 477 | 282 |
| EPS in Rs | -4.21 | -7.75 | 1.28 | 1.37 | 0.81 |
| Dividend Payout % | 0% | 0% | 31% | 29% | 31% |
BHEL’s financial performance over the last five years reflects a dynamic landscape. Sales witnessed a notable surge from March 2020 to March 2021, reaching ₹21,463 crore, before a brief dip to ₹17,309 crore in March 2021. Sales then rebounded to ₹21,211 crore in March 2022 and continued to rise, reaching ₹23,365 crore in March 2023 and ₹23,893 crore in March 2024. Despite this growth, expenses remained high, closely tracking sales patterns. Operating profit experienced turbulence, with substantial losses amounting to ₹-133 crore in March 2020 and ₹-3,049 crore in March 2021. However, there was a turnaround by March 2022, with operating profit rising to ₹828 crore, and it further increased to ₹807 crore in March 2023 and ₹613 crore in March 2024. Other income showcased a consistent uptrend, increasing from ₹590 crore in March 2020 to ₹610 crore in March 2024. Interest and depreciation costs fluctuated but remained relatively steady. Profit before tax demonstrated a positive trajectory, transitioning from negative figures to profitability in successive years. While net profits turned positive since March 2022, earnings per share remained modest, with values of ₹-4.21 in March 2020, ₹-7.75 in March 2021, ₹1.28 in March 2022, ₹1.37 in March 2023, and ₹0.81 in March 2024. Despite these challenges, the company demonstrated a commitment to shareholders by initiating dividend payouts in March 2022, progressively increasing over the years, from 0% initially to 31% by March 2024.
FAQs
What is BHEL current market capitalization?
BHEL current market capitalization stands at ₹1,06,307 crore.
What is BHEL current share price?
As of May 23rd, 2024, BHEL current share price is ₹305.04.
What is BHEL share price target for 2025?
BHEL share price target for 2025 ranges from a minimum of ₹273.56 to a maximum of ₹417.74.
What is BHEL share price target for 2030?
The share price target for BHEL in 2030 is projected to range between ₹693.25 and ₹1,077.17.
Also Read
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- NHPC Ltd Share Price Target 2024, 2025 to 2030
- Global Health Ltd Share Price Target 2024, 2025 to 2030
Conclusion:
BHEL’s Q4 results underscore resilience amid challenges, as a slight dip in net profit is balanced by increased expenses. Yet, the company’s ability to sustain marginal income growth and declare a 12.50% dividend for FY 2023-24 reflects its unwavering commitment to shareholders.
Over the last five years, BHEL has showcased adaptability, evident in the improvements in profit before tax and the initiation of dividend payouts, signaling a positive trajectory for the company.
Moreover, optimistic share price predictions for 2025 and 2030 indicate market confidence in BHEL’s growth potential.
In summary, BHEL stands as a resilient and adaptable entity, ready to contribute to India’s industrial growth while delivering significant value to its stakeholders.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading BHEL. This post on BHEL share price target from 2024 to 2030 is for educational purposes only.
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