Multibagger maharatna stock below Rs 100: Inaugurates green initiative; watch out!

Plans to achieve 'Net Zero' by 2047, aligning with the vision of India becoming 'Net Zero' by 2070.

On Tuesday, the shares of Bharat Heavy Electricals Limited surged 2.97 per cent. The intraday high and low are Rs 94.40 per share and Rs 91.25 per cent, respectively on BSE.

Sensex and Nifty wrapped up the trading session on a positive note, both gained 0.43 per cent each. This upward movement signifies a favorable ending scenario for the stock market.

Today, during a visit to BHEL's Corporate Office in New Delhi, Hon'ble Union Minister of Heavy Industries, Mahendra Nath Pandey, inaugurated the 'Green BHEL' initiative. Nalin Shinghal, CMD of BHEL, along with other directors and senior officials, warmly welcomed the esteemed minister.

Recognizing BHEL's roadmap to achieve 'Net Zero' by 2047, aligning with the vision of India becoming 'Net Zero' by 2070, the minister commended the company's diversification efforts for long-term competitiveness.

Bharat Heavy Electricals Ltd (BHEL) serves as an integrated power plant equipment manufacturer, undertaking the design, engineering, manufacture, erection, testing, commissioning, and servicing of a diverse range of products and services. Its expertise spans across key sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defense.

As the flagship engineering and manufacturing company of India, BHEL is owned and controlled by the Government of India and the President of India holds a significant 63.17 per cent interest in this company.

As a token of appreciation, corporations distribute dividends to their shareholders. Unallocated funds are reinvested in the business, allowing for sustainable growth. The company has consistently maintained a commendable dividend payout ratio of 20.1 per cent, benefiting its shareholders.

Zooming out, to the company's financial performance reveals positive growth across both quarterly and yearly reports.

In Q4FY23, the net revenue witnessed a 2 per cent increase, amounting to Rs 8,338.81 crore, with a net profit of Rs 611 crore and an EPS of Rs 1.75. Looking at the annual figures, the company's income from operations rose to Rs 23,365 crore, marking a 10 per cent growth compared to the previous year. Notably, the company achieved a profit before tax (PBT) of Rs 450 crore and a profit after tax (PAT) of Rs 448 crore.  

As, positive results strengths stakeholder’s confidence in the company and its growth strategy.

The stock is up by 95 per cent in just 1 year and generated multibagger returns of 126 per cent in 3 years. Investors should keep an eye on this multibagger maharatna stock.