41% of the 17 analysts who have coverage on state-run Bharat Heavy Electricals Ltd. (BHEL) have a “buy” recommendation on the stock. This is the highest level of “buy” recommendations for the PSU dating back to 2011.<\/p>\n\n\n\n
Seven out of those 17 analysts have a “buy” rating on BHEL, while eight of them still have a “sell” recommendation. Two others have a “hold” rating.<\/p>\n\n\n\n
BHEL reported its December quarter results after market hours on Tuesday, January 28, where its revenue went up by 32% from last year aided by better execution in the Power & Industry segment.<\/p>\n\n\n\n
However, margin expansion was below expectations despite Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) growing by 41% year-on-year. The subdued margin expansion was due to a jump in other expenses. In fact, BHEL’s EBITDA too missed expectations despite the 41% jump.<\/p>\n\n\n\n
Calculated order inflow during the quarter stood at \u20b96,860 crore, which was a growth of 167% from last year, while the company’s order book stood at \u20b91.6 lakh crore.<\/p>\n\n\n\n
Brokerage firm CLSA maintained its “reduce” rating on the stock and cut its price target to \u20b9166 from \u20b9205 earlier, calling the stock “expensive” at 34 times financial year 2026 price-to-earnings.<\/p>\n\n\n\n
CLSA wrote that the key catalyst for BHEL’s re-rating was its inclusion in the global passive indices and that has passed.<\/p>\n\n\n\n
With L&T entering the thermal power equipment business, BHEL’s market dominance is also under question, CLSA wrote in its note, while cutting its financial year 2025-2027 Earnings Per Share (EPS) estimates by 3% to 8% to factor in weak margins.<\/p>\n\n\n\n
On the flip side, Morgan Stanley has an “overweight” rating on BHEL with a price target of \u20b9352, more than double of CLSA.<\/p>\n\n\n\n
The brokerage said that BHEL’s standalone revenue was above their estimates, as was the company’s EBITDA and adjusted profit.<\/p>\n\n\n\n
Shares of BHEL ended 3.7% lower on Tuesday at \u20b9187.4. The PSU stock has corrected 45% from its recent peak of \u20b9335.<\/p>\n\n\n\n
Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n Telegram <\/a>| Facebook <\/a>| Instagram<\/a><\/strong><\/p>\n\n\n\n Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" 41% of the 17 analysts who have coverage on state-run Bharat Heavy Electricals Ltd. (BHEL) have a “buy” recommendation on the stock. This is the highest level of “buy” recommendations for the PSU dating back to 2011. Seven out of those 17 analysts have a “buy” rating on BHEL, while eight of them still have a “sell” recommendation. Two others have a “hold” rating. BHEL reported its December quarter results after market hours on Tuesday, … Continue reading “BHEL ‘buy’ recommendations from analysts are at the highest in over a decade”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-3541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=3541"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3541\/revisions"}],"predecessor-version":[{"id":3543,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3541\/revisions\/3543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/3542"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=3541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=3541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=3541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}