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BHEL Consensus Forecast

No. of reports in last year
6
No. of analysts
5
Average Consensus Forecast
40.33
Consensus Potential
-82.19%

BHEL Price Target Potential

BrokerageTargetPotential
Geojit Financial Services62-4.11%
ICICIdirect.com58-11.29%
Prabhudas Lilladher34-89.85%
Nirmal Bang36-79.31%
Motilal Oswal22-193.41%

BHEL Targets in FrontPage Forums

24 Users have submitted 24 trade ideas of Rs. 2,915,466.58 for BHEL
100% Bullish
0% Bearish
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BHEL Ratings

Long term BHEL rating by FrontPage users
3.3/5 (3 Ratings)

6 BHEL share price target reports by brokerages below. See what is analyst's view on BHEL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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BHEL Share Price Target

BHEL Share Price Target - Broker Reports - 2021

23-Jun-21
Price @ Call: 66.05
Target: 62
REDUCE
16-Jun-21
Price @ Call: 66.95
Target: 58
REDUCE
15-Jun-21
Price @ Call: 69.65
Target: 34
SELL
7-Feb-21
Price @ Call: 42.62
Target: 36
SELL

BHEL Share Price Target - Broker Reports - 2020

12-Sep-20
Price @ Call: 37.38
Target: 30
SELL
11-Sep-20
Price @ Call: 37.38
Target: 22
SELL
12-Feb-20
Price @ Call: 36.56
Target: 40
ACCUMULATE
12-Feb-20
Price @ Call: 38.55
Target: 47
HOLD
BHEL’s 3QFY20 results were lower than our and consensus estimates. Execution continues to be subdued with ~23% YoY decline in revenues, led by de-growth in both Power and Industry segment. Order inflow de-grew by 23% YoY due to muted ordering activity and overall stress in power sector. Current order backlog stands at Rs1.1trn and BHEL is L1 orders worth Rs130bn. While collectable debtors have gone down by ~10% to ~Rs143bn, total debtors (including deferred debtors) continues to be at elevated levels of Rs380bn as on 3QFY20. The company emphasized on strong focus on cash collection and execution going ahead. We have cut FY20/FY21E earnings by 15%/3% factoring weak 9MFY20 numbers and adverse macro environment (unfavorable payment terms, doubtful receivables and lower upfront advances). The stock is currently trading at 25.5/9.9x FY20/21E. We remain structurally negative on the stock given its ballooning debt levels, concern receivables and weak fundamentals. Thus, we maintain Hold rating on the stock with revised TP of Rs47 (12x FY21E).
... Read more

BHEL Share Price Target - Broker Reports - 2019

14-Nov-19
Price @ Call: 54.2
Target: 60
HOLD
BHEL’s 2QFY20 results were lower than our and consensus estimates.Execution continues to be muted with ~9% YoY decline in revenue, mainly in the Power business which declined for third consecutive quarter. However, industry segment recovered on QoQ basis with strong double digit growth, partially cushioned to decline in Power segment. Order inflow revived with 44% YoY growth mainly led by 61% YoY growth in Power segment orders (FGD/Nuclear Projects). Current order backlog stands at Rs1.1 trn and favorably placed in bids worth Rs210 bn. While collectable debtors have gone down by ~12% at Rs140 bn, total debtors (including deferred debtors) continues to be at elevated level of Rs376 bn at the end of 2QFY20. The company emphasized on strong focus on cash collection and execution going ahead. We have cut FY20/FY21E earnings factoring weak 1HFY20 numbers and adverse macro environment (unfavorable payment terms, uncertain account receivables and lower upfront advances). The stock is currently trading at 16/12x FY20/21E. We maintain Hold on the stock with revised TP of Rs60 (13x FY21E).
... Read more
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.
... Read more
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.
... Read more
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.
... Read more
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.
... Read more
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).
... Read more
25-Apr-19
Price @ Call: 73.45
Target: 95
BUY
6-Feb-19
Price @ Call: 58.9
Target: 47
SELL

BHEL Share Price Target - Broker Reports - 2018

27-Jul-18
Price @ Call: 70.9
Target: 75
HOLD
27-Jul-18
Price @ Call: 70.9
Target: 86
ACCUMULATE
26-Jul-18
Price @ Call: 71.6
Target: 70
SELL
26-Jul-18
Price @ Call: 71.6
Target: 60
SELL
31-May-18
Price @ Call: 83.52
Target: 110
BUY
30-May-18
Price @ Call: 83.6
Target: 70
SELL
16-Feb-18
Price @ Call: 94.93
Target: 141
BUY
9-Feb-18
Price @ Call: 95.45
Target: 80
SELL
9-Feb-18
Price @ Call: 95.45
Target: 110
BUY

BHEL Share Price Target - Broker Reports - 2017

18-Dec-17
Price @ Call: 89.9
Target: 110
BUY
7-Dec-17
Price @ Call: 90.35
Target: 110
BUY
8-Nov-17
Price @ Call: 93.15
Target: 78
SELL
31-Oct-17
Price @ Call: 95.8
Target: 131
BUY
15-Sep-17
Price @ Call: 91.6
Target: 71.33
SELL
18-Aug-17
Price @ Call: 86.17
Target: 133.33
BUY
11-Aug-17
Price @ Call: 84.3
Target: 66.67
SELL
30-May-17
Price @ Call: 91.73
Target: 106.67
HOLD
30-May-17
Price @ Call: 102
Target: 120
BUY
31-May-17
Price @ Call: 93.33
Target: 95.33
HOLD
14-Feb-17
Price @ Call: 103.33
Target: 140
BUY
7-Feb-17
Price @ Call: 101.4
Target: 66.67
SELL

BHEL Share Price Target - Broker Reports - 2016

30-May-16
Price @ Call: 128.2
Target: 75
SELL
8-Nov-16
Price @ Call: 143.2
Target: 90
SELL
7-Sep-16
Price @ Call: 153.14
Target: 120
SELL
8-Sep-16
Price @ Call: 155.25
Target: 185
BUY
14-Jul-16
Price @ Call: 142.85
Target: 75
SELL
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  • BHEL Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 366.27
    Upside Target 265.68
    Upside Target 164.82
    Pivot64.23
    Downside Target 163.37
    Downside Target 262.78
    Downside Target 361.92
  • BHEL Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 369.02
    Upside Target 267.38
    Upside Target 165.67
    Pivot64.03
    Downside Target 162.32
    Downside Target 260.68
    Downside Target 358.97
  • BHEL Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 395.48
    Upside Target 287.52
    Upside Target 176.53
    Pivot68.57
    Downside Target 157.58
    Downside Target 249.62
    Downside Target 338.63
  • BHEL Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 365.68
    Upside Target 265.13
    Upside Target 164.79
    Pivot64.23
    Downside Target 163.68
    Downside Target 263.34
    Downside Target 362.78
  • BHEL Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 367.38
    Upside Target 266.1
    Upside Target 165.31
    Pivot64.03
    Downside Target 162.75
    Downside Target 261.96
    Downside Target 360.68
  • BHEL Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 387.52
    Upside Target 280.28
    Upside Target 175.81
    Pivot68.57
    Downside Target 161.33
    Downside Target 256.86
    Downside Target 349.62
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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