- Bharat Heavy Industries reported a net loss of 2.13 billion rupees for the first quarter of 2024.
- The estimated net loss was projected to be 2.26 billion rupees, indicating better-than-expected results.
- The company’s revenue stood at 54.8 billion rupees, reflecting a 9.6% year-over-year increase.
- This revenue was slightly above the estimated 54.42 billion rupees.
- Total costs for the quarter amounted to 58.7 billion rupees, showing an 8.5% year-over-year increase.
- Other income for the company dropped by 9.8% year-over-year, amounting to 1.1 billion rupees.
- Investment analysts’ recommendations for the company’s stock include 4 buys, 3 holds, and 11 sells.
Bharat Heavy Electricals on Smartkarma
Analyst coverage of Bharat Heavy Electricals on Smartkarma by Brian Freitas reveals insights into the NIFTY NEXT50 Index Rebalance Preview. The analysis highlights potential changes within the index, including migrations to/from the NIFTY50 and flows from active managers due to AMFI reclassification. With an estimated one-way turnover of 17.7% amounting to INR 47.2bn (US$566m), 8 stocks are set to experience significant trading activity from passive trackers. The report indicates possible movements between Mid Cap and Large Cap segments, signaling strategic shifts in the market.
A look at Bharat Heavy Electricals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Bharat Heavy Electricals (BHEL) appears to have a promising long-term outlook. With a strong momentum score of 5, the company seems to be gaining positive traction in the market. Additionally, BHEL’s growth score of 4 indicates potential for expansion and development in the future. Although the value and resilience scores are moderate at 3, suggesting a stable performance with room for improvement, the company’s dividend score of 2 may be an area for consideration for investors seeking income.
Bharat Heavy Electricals Limited specializes in manufacturing power plant equipment such as gas turbines, generators, thermal sets, and more. With a diversified product portfolio, BHEL positions itself as a key player in the industry. The Smartkarma Smart Scores provide insight into various aspects of the company’s performance, indicating a favorable outlook for growth and momentum. Investors may find BHEL an attractive prospect based on these scores and the company’s focus on manufacturing essential power infrastructure equipment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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