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BHEL vs L&T - Comparison Results

BHEL    Change

Bharat Heavy Electricals Limited (BHEL) is India's largest PSU engineering company catering to the power sector. The company has a 25-year history of consistent profitability and manufactures over 180 products for industries like power generation and... More


Larsen & Toubro (L&T) is India's largest engineering company with expertise in wide areas like infrastructure, oil and gas, power and process. The company has broadly segregated its business into three key segments Engineering and Construction (E&C),... More


Current Valuations

P/E (TTM) x 23.2 18.4 126.1% View Chart
P/BV x 0.7 3.2 22.2% View Chart
Dividend Yield % 2.9 1.3 231.5%  


5-Yr Chart
Click to enlarge
High Rs1831,834 10.0%   
Low Rs801,115 7.1%   
Sales per share (Unadj.) Rs78.8854.0 9.2%  
Earnings per share (Unadj.) Rs1.257.1 2.1%  
Cash flow per share (Unadj.) Rs3.370.9 4.7%  
Dividends per share (Unadj.) Rs1.8216.00 11.4%  
Dividend yield (eoy) %1.41.1 127.9%  
Book value per share (Unadj.) Rs88.1397.2 22.2%  
Shares outstanding (eoy) m3,671.401,401.37 262.0%   
Bonus/Rights/Conversions BESOP-  
Price / Sales ratio x1.71.7 96.3%   
Avg P/E ratio x109.825.8 425.6%  
P/CF ratio (eoy) x39.320.8 188.8%  
Price / Book Value ratio x1.53.7 40.1%  
Dividend payout %152.528.0 544.4%   
Avg Mkt Cap Rs m481,3212,066,040 23.3%   
No. of employees `00037.542.9 87.5%   
Total wages/salary Rs m60,347152,925 39.5%   
Avg. sales/employee Rs Th7,709.227,882.6 27.6%   
Avg. wages/employee Rs Th1,607.53,562.7 45.1%   
Avg. net profit/employee Rs Th116.71,864.8 6.3%   
Net Sales Rs m289,4041,196,832 24.2%  
Other income Rs m6,78014,120 48.0%   
Total revenues Rs m296,1841,210,952 24.5%   
Gross profit Rs m19,701135,714 14.5%  
Depreciation Rs m7,87319,287 40.8%   
Interest Rs m2,55215,385 16.6%   
Profit before tax Rs m16,056115,162 13.9%   
Minority Interest Rs m-3,908-4,359 89.7%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m01,230 0.0%   
Tax Rs m7,76731,989 24.3%   
Profit after tax Rs m4,38280,044 5.5%  
Gross profit margin %6.811.3 60.0%  
Effective tax rate %48.427.8 174.1%   
Net profit margin %1.56.7 22.6%  
Current assets Rs m431,935833,532 51.8%   
Current liabilities Rs m222,115772,533 28.8%   
Net working cap to sales %72.55.1 1,422.5%  
Current ratio x1.91.1 180.2%  
Inventory Days Days7915 534.3%  
Debtors Days Days287106 271.8%  
Net fixed assets Rs m32,760320,236 10.2%   
Share capital Rs m7,3432,803 262.0%   
"Free" reserves Rs m316,007553,767 57.1%   
Net worth Rs m323,350556,570 58.1%   
Long term debt Rs m572729,148 0.1%   
Total assets Rs m635,4472,450,534 25.9%  
Interest coverage x7.38.5 85.9%   
Debt to equity ratio x01.3 0.1%  
Sales to assets ratio x0.50.5 93.3%   
Return on assets %1.13.9 28.0%  
Return on equity %1.414.4 9.4%  
Return on capital %4.59.9 45.8%  
Exports to sales %0.60-   
Imports to sales %8.00-   
Exports (fob) Rs m1,824NA-   
Imports (cif) Rs m23,274NA-   
Fx inflow Rs m13,090176,993 7.4%   
Fx outflow Rs m24,820152,779 16.2%   
Net fx Rs m-11,73024,214 -48.4%   
From Operations Rs m9,891-100,310 -9.9%  
From Investments Rs m9,61239,145 24.6%  
From Financial Activity Rs m-6,67493,705 -7.1%  
Net Cashflow Rs m12,82932,539 39.4%  

Share Holding

Indian Promoters % 63.1 0.0 -  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 16.6 36.5 45.5%  
FIIs % 15.9 19.6 81.1%  
ADR/GDR % 0.0 2.3 -  
Free float % 4.4 41.5 10.6%  
Shareholders   390,318 802,712 48.6%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster


Compare BHEL With:   DONGFANG ELEC. (China)  ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  ABB (Switz.)  

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BHEL Announces Quarterly Results (3QFY19); Net Profit Up 25.3% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, BHEL has posted a net profit of Rs 2 bn (up 25.3% YoY). Sales on the other hand came in at Rs 73 bn (up 10.7% YoY). Read on for a complete analysis of BHEL's quarterly results.

L&T Announces Quarterly Results (3QFY19); Net Profit Up 35.2% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, L&T has posted a net profit of Rs 24 bn (up 35.2% YoY). Sales on the other hand came in at Rs 357 bn (up 24.2% YoY). Read on for a complete analysis of L&T's quarterly results.

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BHEL 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of BHEL for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BHEL. Also includes updates on the valuation of BHEL.

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