Buy BHEL, target Rs 62: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy on Bharat Heavy Electricals Ltd
with a target price of Rs 62
The current market price of Bharat Heavy Electricals Ltd
is Rs 56.8
Time period given by the analyst is Intra Day when Bharat Heavy Electricals Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 53
Bharat Heavy Electricals Ltd., incorporated in 1964, has a market cap of Rs 19778.12 crore. Bharat Heavy Electricals Ltd
key Products/Revenue Segments include Erection - Other Services which contributed Rs 6553.57 Crore to Sales Value (22.41 % of Total Sales),
Boilers which contributed Rs 6471.04 Crore to Sales Value (22.13 % of Total Sales), Boilers which contributed Rs 6471.04 Crore to Sales
Value (22.13 % of Total Sales), Turbine Components which contributed Rs 1638.11 Crore to Sales Value (5.60 % of Total Sales), Turbine
Components which contributed Rs 1638.11 Crore to Sales Value (5.60 % of Total Sales), Boiler Auxiliaries which contributed Rs 1538.60 Crore
to Sales Value (5.26 % of Total Sales), Control Equipment which contributed Rs 1323.74 Crore to Sales Value (4.52 % of Total Sales), Control
Equipment which contributed Rs 1323.74 Crore to Sales Value (4.52 % of Total Sales), Water Wheel Alternators - Mini Micro Turbo Generators
which contributed Rs 1134.49 Crore to Sales Value (3.88 % of Total Sales), Water Wheel Alternators - Mini Micro Turbo Generators which
contributed Rs 1134.49 Crore to Sales Value (3.88 % of Total Sales), Other Services which contributed Rs 1041.89 Crore to Sales Value (3.56
% of Total Sales), Others which contributed Rs 900.14 Crore to Sales Value (3.07 % of Total Sales), Others which contributed Rs 900.14 Crore
to Sales Value (3.07 % of Total Sales), Other Operating Revenue which contributed Rs 788.89 Crore to Sales Value (2.69 % of Total Sales),
Power Transformers (Upto 400kv) which contributed Rs 718.13 Crore to Sales Value (2.45 % of Total Sales), Power Transformers (Upto 400kv)
which contributed Rs 718.13 Crore to Sales Value (2.45 % of Total Sales), Pumps - Heaters which contributed Rs 585.71 Crore to Sales Value
(2.00 % of Total Sales), Spares And Accessories which contributed Rs 537.66 Crore to Sales Value (1.83 % of Total Sales), Valves which
contributed Rs 526.85 Crore to Sales Value (1.80 % of Total Sales), Valves which contributed Rs 526.85 Crore to Sales Value (1.80 % of Total
Sales), Traction Motors For AC/DC Main - Auxillary Generators which contributed Rs 489.29 Crore to Sales Value (1.67 % of Total Sales), Bowl
Mills which contributed Rs 428.52 Crore to Sales Value (1.46 % of Total Sales), Power Transformers - Special Transformer which contributed
Rs 419.18 Crore to Sales Value (1.43 % of Total Sales), Gas Turbine which contributed Rs 333.23 Crore to Sales Value (1.13 % of Total
Sales), Gas Turbine which contributed Rs 333.23 Crore to Sales Value (1.13 % of Total Sales), Other Products which contributed Rs 295.51
Crore to Sales Value (1.01 % of Total Sales), Other Products which contributed Rs 295.51 Crore to Sales Value (1.01 % of Total Sales),
Compressors which contributed Rs 287.75 Crore to Sales Value (0.98 % of Total Sales), Compressors which contributed Rs 287.75 Crore to Sales
Value (0.98 % of Total Sales), Large Electrical Machines Above 1000 hp which contributed Rs 252.59 Crore to Sales Value (0.86 % of Total
Sales), Turbo Alternators - Steam Turbines which contributed Rs 234.42 Crore to Sales Value (0.80 % of Total Sales), Switchgear 11kv To
220kv High Speed Air Blower which contributed Rs 213.68 Crore to Sales Value (0.73 % of Total Sales), Utility Sets which contributed Rs
204.39 Crore to Sales Value (0.69 % of Total Sales), Repair - Service Charges which contributed Rs 198.05 Crore to Sales Value (0.67 % of
Total Sales), Super Rapid Guns which contributed Rs 175.78 Crore to Sales Value (0.60 % of Total Sales), Small - Medium Sets which
contributed Rs 174.90 Crore to Sales Value (0.59 % of Total Sales), Scrap which contributed Rs 147.19 Crore to Sales Value (0.50 % of Total
Sales), Bus Ducts which contributed Rs 143.84 Crore to Sales Value (0.49 % of Total Sales), Bus Ducts which contributed Rs 143.84 Crore to
Sales Value (0.49 % of Total Sales), Solar Photovoltaic (SPV) System which contributed Rs 139.38 Crore to Sales Value (0.47 % of Total
Sales), Photo Voltaic Systems which contributed Rs 135.13 Crore to Sales Value (0.46 % of Total Sales), Traction Control Gear For AC, DC -
Diesel System which contributed Rs 130.58 Crore to Sales Value (0.44 % of Total Sales), Industrial Machinery AC Motors Upto 1000 hp DC Motor
which contributed Rs 125.20 Crore to Sales Value (0.42 % of Total Sales), Oil Rigs which contributed Rs 116.76 Crore to Sales Value (0.39 %
of Total Sales), Freight Loco Transformers which contributed Rs 100.36 Crore to Sales Value (0.34 % of Total Sales), ESP Transformer which
contributed Rs 97.26 Crore to Sales Value (0.33 % of Total Sales), Control Panels which contributed Rs 78.77 Crore to Sales Value (0.26 % of
Total Sales), Control Panels which contributed Rs 78.77 Crore to Sales Value (0.26 % of Total Sales), Heat Exchangers which contributed Rs
65.77 Crore to Sales Value (0.22 % of Total Sales), Heat Exchangers which contributed Rs 65.77 Crore to Sales Value (0.22 % of Total Sales),
Rectifiers which contributed Rs 61.40 Crore to Sales Value (0.20 % of Total Sales), Dry Type Transformer which contributed Rs 59.51 Crore to
Sales Value (0.20 % of Total Sales), Thermal Sets which contributed Rs 55.90 Crore to Sales Value (0.19 % of Total Sales), Ceralin which
contributed Rs 49.89 Crore to Sales Value (0.17 % of Total Sales), Ceralin which contributed Rs 49.89 Crore to Sales Value (0.17 % of Total
Sales), Insulators which contributed Rs 40.00 Crore to Sales Value (0.13 % of Total Sales), Insulators - Bushings which contributed Rs 36.79
Crore to Sales Value (0.12 % of Total Sales), Fabricated Products which contributed Rs 36.48 Crore to Sales Value (0.12 % of Total Sales),
Bushings which contributed Rs 31.60 Crore to Sales Value (0.10 % of Total Sales), Export Incentives which contributed Rs 26.48 Crore to
Sales Value (0.09 % of Total Sales), Instrument, Welding Transformers - Reactors which contributed Rs 24.48 Crore to Sales Value (0.08 % of
Total Sales), Instrument, Welding Transformers - Reactors which contributed Rs 24.48 Crore to Sales Value (0.08 % of Total Sales),
Industrial Turbo Sets which contributed Rs 23.21 Crore to Sales Value (0.07 % of Total Sales), Simulators which contributed Rs 22.54 Crore
to Sales Value (0.07 % of Total Sales), Diesel Shunters which contributed Rs 19.22 Crore to Sales Value (0.06 % of Total Sales), Instruments
Transformers which contributed Rs 16.45 Crore to Sales Value (0.05 % of Total Sales), Steel Casting which contributed Rs 16.11 Crore to
Sales Value (0.05 % of Total Sales), Capacitors which contributed Rs 14.81 Crore to Sales Value (0.05 % of Total Sales), Solar Roof Top -
Pump which contributed Rs 13.59 Crore to Sales Value (0.04 % of Total Sales), Industrial Control Gears which contributed Rs 6.11 Crore to
Sales Value (0.02 % of Total Sales), Breakers - Spares which contributed Rs 5.59 Crore to Sales Value (0.01 % of Total Sales), Breakers -
Spares which contributed Rs 5.59 Crore to Sales Value (0.01 % of Total Sales), Wall Blowers which contributed Rs 5.10 Crore to Sales Value
(0.01 % of Total Sales), Seamless Steel Tubes which contributed Rs 3.23 Crore to Sales Value (0.01 % of Total Sales), Girder Pin Connection
which contributed Rs 3.06 Crore to Sales Value (0.01 % of Total Sales), Power Devices which contributed Rs 1.73 Crore to Sales Value (0.00 %
of Total Sales), Transformers which contributed Rs 1.59 Crore to Sales Value (0.00 % of Total Sales), Transformers which contributed Rs 1.59
Crore to Sales Value (0.00 % of Total Sales), Industrial Valve which contributed Rs .87 Crore to Sales Value (0.00 % of Total Sales),
Industrial Valve which contributed Rs .87 Crore to Sales Value (0.00 % of Total Sales), Fuel Pipe Coupling which contributed Rs .56 Crore to
Sales Value (0.00 % of Total Sales), Pipe Collar which contributed Rs .52 Crore to Sales Value (0.00 % of Total Sales), Castings (Non
Ferrous) which contributed Rs .03 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 4411.09 Crore, down -55.16 % from last quarter Sales
of Rs 9838.35 Crore and down -23.90 % from last year same quarter Sales of Rs 5796.70 Crore Company has reported net profit after tax of Rs
-224.31 Crore in latest quarter
The company’s top management includes Dr.Nalin Shinghal, Mr.Amit Varadan, Mr.Anil Kapoor, Mr.Desh Deepak Goel, Mr.Kamalesh Das, Mr.Manoj
Kumar Varma, Mr.R Swaminathan, Mr.Rajesh Sharma, Mr.Ranjit Rae, Mr.S Balakrishnan, Mr.Shashank Priya, Mr.Subodh Gupta
Company has Tiwari - Associates as its auditoRs As on 30-09-2019, the company has a total of 3,482,063,355 shares outstanding.