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BHEL Share Price Target
Bharat Heavy Electricals Ltd.
Sector: Engineering
Sector: Engineering
BHEL Share Price *
48.55 -0.2 (-0.41%)
* (quote may be delayed)
BHEL Share Price Forecast - Consensus
| No. of reports in last year | 7 |
| No. of analysts | 6 |
| Average Consensus Forecast | 73.57 |
| Consensus Potential | 30.82% |
BHEL Share Price Target - Broker Reports - 2019
Nirmal Bang
9-Aug-19
Price @ Call: 57.55
Target: 63
ACCUMULATE
Further, deferment in award of many tenders (including those where BHEL is L1) continues to affect revenue visibility. Factoring the same, we have cut our earnings estimates for FY20/FY21 by 29%/23% and retained Accumulate rating on BHEL with a revised target price of Rs63 (from Rs81 earlier) based on 15x FY21E earnings.
Geojit Financial Services
25-Jun-19
Price @ Call: 73.19
Target: 77
HOLD
Outlook & Valuations... BHEL’s robust executable orders (3.6x FY19 revenue) and strategy to diversify orders to non-coal business, technology collaborations for emission control systems and expected pick-up in execution rate gives reasonable revenue visibility, going forward. However, receivables management from major customers will be closely watched. The company is expected to maintain growth momentum with revenue CAGR of 6.0% and PAT CAGR of 14.1% in FY19-21E. We value the stock at a P/E of 15x on FY21E EPS and ascribe a target price of Rs77 and maintain a Hold rating.
ICICIdirect.com
29-May-19
Price @ Call: 72.6
Target: 75
HOLD
Bhel’s robust executable orders (3.6x FY19 revenue) and strategy todiversify orders to non-coal business, technology collaborations for emission control systems and expected pick-up in execution rate gives reasonable revenue visibility, going forward. However, receivables management from major customers will be closely watched. The company is expected to maintain growth momentum with revenue CAGR of 6.0% and PAT CAGR of 14.1% in FY19-21E. We revise our fair value to | 75 (17x FY21EPS) and maintain HOLD rating. However, long term power sector outlook remains key concern.
Prabhudas Lilladher
28-May-19
Price @ Call: 72.7
Target: 77
HOLD
The company has restated its FY18 receivables in the reported number and seems to have classified some of it in the "Other Current" and "Other Non-current assets", the overall (addition of receivables and other assets) seems to have slightly increased. Total Debtors (including deferred debtors) have gone up from Rs329 bn at the end of FY18 to Rs346 bn at the end of FY19. The company has signed MoU for revenues of Rs330 bn for FY20 (+12%YoY). While there could be visible earnings growth in the near-term, adverse macro environment (unfavorable payment terms, uncertain account receivables and lower upfront advances) may delay the recovery. We recommend Hold on the stock with TP of Rs77 (13x FY21E).
Nirmal Bang
28-May-19
Price @ Call: 72.7
Target: 81
ACCUMULATE
With a rising preference towards renewable energy generation and transmission loss reduction, we are structurally negative on thermal power capacity addition beyond 10GW per annum in India, clearly insufficient for a much higher installed capacity base of the BTG industry (35GW). With insufficient order placement activity in the industry, 6% RoE and 7% RoCE in FY21E and a high debtor position, we believe BHEL is not out of the woods yet.
Indiabulls Ventures
25-Apr-19
Price @ Call: 73.45
Target: 95
BUY
Motilal Oswal
6-Feb-19
Price @ Call: 58.9
Target: 47
SELL
BHEL Share Price Target - Broker Reports - 2018
IIFL
27-Jul-18
Price @ Call: 70.9
Target: 86
ACCUMULATE
ICICIdirect.com
27-Jul-18
Price @ Call: 70.9
Target: 75
HOLD
Motilal Oswal
26-Jul-18
Price @ Call: 71.6
Target: 60
SELL
JM Financial
26-Jul-18
Price @ Call: 71.6
Target: 70
SELL
Edelweiss
31-May-18
Price @ Call: 83.52
Target: 110
BUY
Motilal Oswal
30-May-18
Price @ Call: 83.6
Target: 70
SELL
Axis Direct
16-Feb-18
Price @ Call: 94.93
Target: 141
BUY
Edelweiss
9-Feb-18
Price @ Call: 95.45
Target: 110
BUY
Motilal Oswal
9-Feb-18
Price @ Call: 95.45
Target: 80
SELL
BHEL Share Price Target - Broker Reports - 2017
Edelweiss
18-Dec-17
Price @ Call: 89.9
Target: 110
BUY
Edelweiss
7-Dec-17
Price @ Call: 90.35
Target: 110
BUY
Motilal Oswal
8-Nov-17
Price @ Call: 93.15
Target: 78
SELL
Axis Direct
31-Oct-17
Price @ Call: 95.8
Target: 131
BUY
Kotak Securities
15-Sep-17
Price @ Call: 91.6
Target: 71.33
SELL
Axis Direct
18-Aug-17
Price @ Call: 86.17
Target: 133.33
BUY
Motilal Oswal
11-Aug-17
Price @ Call: 84.3
Target: 66.67
SELL
ICICIdirect.com
31-May-17
Price @ Call: 93.33
Target: 95.33
HOLD
Sharekhan
30-May-17
Price @ Call: 91.73
Target: 106.67
HOLD
Edelweiss
30-May-17
Price @ Call: 102
Target: 120
BUY
Axis Direct
14-Feb-17
Price @ Call: 103.33
Target: 140
BUY
Religare
7-Feb-17
Price @ Call: 101.4
Target: 66.67
SELL
BHEL Share Price Target - Broker Reports - 2016
Religare
8-Nov-16
Price @ Call: 143.2
Target: 90
SELL
Edelweiss
8-Sep-16
Price @ Call: 155.25
Target: 185
BUY
Motilal Oswal
7-Sep-16
Price @ Call: 153.14
Target: 120
SELL
Geojit Financial Services
14-Jul-16
Price @ Call: 142.85
Target: 75
SELL
Religare
30-May-16
Price @ Call: 128.2
Target: 75
SELL