- Bharat Heavy’s net income in 4Q was 4.84 billion rupees, which is 19% lower than last year.
- The estimated net income was 8.26 billion rupees but the company’s quarterly results missed this estimate.
- The company reported a revenue of 82.6 billion rupees, a rise of 0.4% on a year-to-year basis. This also fell short of the estimated 88.85 billion rupees.
- Total costs saw an increase by 4.3%, amounting to 77.9 billion rupees.
- Raw material costs, however, saw a slight decrease of 0.5%, standing at 57.6 billion rupees.
- Bharat Heavy’s other income rose significantly by 47% compared to last year, totalling at 1.65 billion rupees.
- The company declared a dividend per share of 0.25 rupees.
- Despite missing estimates, the shares of Bharat Heavy rose by 2.9% with them being valued at 319.20 rupees per share.
- A total of 42.3 million shares were traded.
- Analysts’ ratings stand at 5 buys, 3 holds and 10 sells.
Bharat Heavy Electricals on Smartkarma
Analyst coverage of Bharat Heavy Electricals on Smartkarma has been highlighted by Brian Freitas, who recently published a research report titled “NIFTY200 Momentum30 Index Rebalance: 18 Changes a Side, 58% Turnover, Momentum Intact.” Freitas emphasizes that there are 18 changes for the Nifty200 Momentum 30 Index, with a significant turnover of 58% and a one-way trade of US$261m. He notes that the adds in the index have been outperforming the deletes, indicating a positive momentum that is expected to continue into the implementation stage on 28th December.
This insightful analysis by Brian Freitas underscores the potential for further outperformance of Bharat Heavy Electricals, with the index changes and momentum dynamics favoring continued growth. The research report provides valuable insights for investors, suggesting that the stock could see increased buying interest from passive trackers and potentially deliver strong performance heading into the year-end. Freitas’ bullish sentiment towards Bharat Heavy Electricals aligns with the overall positive outlook for the company within the investment research community on Smartkarma.
A look at Bharat Heavy Electricals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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 is positioned for strong long-term growth and momentum. With a high score in Growth and Momentum, the company is likely to see positive development and maintain its current market drive. Additionally, its above-average scores in Value and Resilience indicate a stable foundation and decent value proposition. While the Dividend score is not as high, the overall outlook for Bharat Heavy Electricals appears promising.
Bharat Heavy Electricals Limited, a manufacturer of power plant equipment, shows a robust performance outlook according to the Smartkarma Smart Scores. The company’s focus on growth and momentum, combined with its resilience and value factors, positions it favorably for the future. With a diverse product portfolio that includes gas turbines, generators, power transformers, and more, Bharat Heavy Electricals seems well-equipped to leverage its strengths and drive continued success in the industry.
Summary: Bharat Heavy Electricals Limited is a manufacturer of power plant equipment with a diverse product range including gas turbines, generators, power transformers, and more.
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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