Strong Q2 numbers lit the fuse. Profit shot up 253% YoY to ₹375 crore on 14% sales growth to ₹7,512 crore. Order books are fat with power projects, thanks to India's energy push.
Market cap sits around ₹1.05 lakh crore now. P/E is sky-high at 185-190x, way above industry avg of 49-52x. ROE? Just 2.12%, ROCE 4.87% – not stellar. Dividend yield's a measly 0.17%. Debt-to-equity around 0.36-0.45, manageable but watch it. Cash flow flipped positive at ₹2,192 crore last year after losses. Profit growth? TTM 26%, but 5-year sales crawl was 6%. Book value ₹70, trading at 4.3x.
Born 1956 as Heavy Electricals (India) Ltd. Merged into BHEL in 1974, now under Heavy Industries Ministry. Grew from Bhopal plant to power giant by '70s. Owned 63% by govt.
Designs, builds, erects power gear – turbines, boilers, generators for thermal, hydro, nuclear. Dabbles in renewables, transmission, defense like ship parts, even EVs and locos. Full service: from blueprint to fix-up. Analogy? Like the neighborhood mechanic who builds your bike too.
Short-term, 2026 could hit ₹350-400 if orders flow.
By 2030, some say ₹800+ on green energy bets. 2035? Risky, maybe ₹1,200 if ROE climbs.
2040? Wild guess ₹2,000, but execution's key – PSUs can stumble. These are my wildest guesses and do not follow these numbers blindly.
