President of India Holds 63.17% Stake & Rs 1,60,157 Crore Order Book: Heavy Electrical Equipment Stock Jumps Over 6%; PAT Jumps Over 200%

The company has been maintaining a healthy dividend payout of 27.8 per cent.

On Friday, shares of this multibagger heavy electrical equipment company jumped over 6 per cent to Rs 207.75 per share from its intraday low of Rs 195.90 per share. The stock’s 52-week high is Rs 335.40 and its 52-week low is Rs 185.20. The company's shares saw a spurt in volume by more than 1.20 times on BSE.

BHEL, a leading public sector enterprise under the Ministry of Heavy Industries and Public Enterprises, has been at the forefront of India's power sector for over six decades. With a strong track record in the design, engineering, and manufacturing of a wide range of power generation equipment, BHEL has played a pivotal role in powering the nation's economic growth. BHEL Limited manufactures various power plant equipment.

Bharat Heavy Electricals Limited (BHEL) announced stellar sets of numbers in its Quarterly Results (Q3FY25) and nine-month results (9MFY25). According to quarterly results, the net sales increased by 32 per cent to Rs 7,277 crore and net profit increased by 207 per cent to Rs 116.44 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the company reported net sales of Rs 19,346 crore and a net loss of Rs 19.64 crore in 9MFY25 while in its annual results, the company reported net sales of Rs 23,893 crore and a net profit of Rs 218.24 crore in FY24.

Earlier, Bharat Heavy Electricals Limited (BHEL) and Oil & Natural Gas Corporation Ltd. (ONGC) partnered to advance India's renewable energy goals, signing an MoU to explore joint projects in new and renewable energy. Focusing on Fuel Cells, Electrolyzers, and Battery Energy Storage Systems, this collaboration supports the National Green Hydrogen Mission. By combining their expertise, BHEL and ONGC aim to accelerate the adoption of clean energy solutions and contribute to a sustainable energy future for India, driving innovation and helping the nation achieve its ambitious renewable energy targets.

The company has a market cap of over Rs 72,000 crore. The President of India’s portfolio owns 63.17 per cent and Life Insurance Corporation of India’s portfolio owns 6.72 per cent as of December 2024. The company’s order book stands at Rs 1,60,157 crore. The company has been maintaining a healthy dividend payout of 27.8 per cent. Investors should keep an eye on this PSU stock.

Disclaimer: The article is for informational purposes only and not investment advice.