Bharat Bijlee Ltd
Established in 1946, Bharat Bijlee is a leading electrical engineering company in India engaged in manufacturing of transformers, electric motors, elevator systems, drives and automation. It also provides turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plant, etc. [1]
- Market Cap ₹ 3,158 Cr.
- Current Price ₹ 2,795
- High / Low ₹ 5,470 / 2,350
- Stock P/E 23.0
- Book Value ₹ 1,717
- Dividend Yield 1.25 %
- ROCE 9.66 %
- ROE 7.00 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 24.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 29.0%
- Company's working capital requirements have reduced from 55.3 days to 36.3 days
Cons
- Promoter holding is low: 33.6%
- Company has a low return on equity of 7.25% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
485 | 610 | 638 | 677 | 774 | 932 | 929 | 731 | 1,266 | 1,418 | 1,872 | 1,902 | 1,992 | |
491 | 628 | 618 | 658 | 737 | 872 | 858 | 692 | 1,179 | 1,299 | 1,698 | 1,730 | 1,820 | |
Operating Profit | -6 | -18 | 20 | 20 | 37 | 61 | 70 | 39 | 87 | 120 | 175 | 171 | 172 |
OPM % | -1% | -3% | 3% | 3% | 5% | 7% | 8% | 5% | 7% | 8% | 9% | 9% | 9% |
18 | 18 | 21 | 27 | 68 | 29 | 30 | 27 | 24 | 29 | 38 | 43 | 44 | |
Interest | 15 | 23 | 23 | 19 | 23 | 20 | 23 | 19 | 24 | 24 | 23 | 16 | 12 |
Depreciation | 11 | 12 | 10 | 10 | 9 | 8 | 9 | 10 | 12 | 13 | 15 | 19 | 20 |
Profit before tax | -13 | -34 | 7 | 18 | 73 | 62 | 69 | 37 | 75 | 111 | 174 | 179 | 184 |
Tax % | -16% | -1% | 2% | 20% | 16% | 33% | 34% | 29% | 25% | 25% | 24% | 25% | |
-11 | -34 | 7 | 14 | 61 | 42 | 46 | 26 | 56 | 83 | 131 | 134 | 138 | |
EPS in Rs | -9.99 | -30.13 | 6.36 | 12.76 | 53.96 | 36.75 | 40.37 | 23.05 | 49.19 | 73.65 | 116.32 | 118.24 | 121.74 |
Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 17% | 15% | 11% | 30% | 27% | 30% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 15% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 25% |
3 Years: | 34% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 45% |
3 Years: | 45% |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 295 | 260 | 267 | 646 | 686 | 746 | 750 | 967 | 1,118 | 1,372 | 1,859 | 1,936 |
81 | 133 | 169 | 178 | 215 | 199 | 248 | 238 | 279 | 287 | 150 | 80 | |
193 | 201 | 201 | 213 | 208 | 197 | 237 | 266 | 258 | 386 | 490 | 601 | |
Total Liabilities | 576 | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 | 2,622 |
94 | 84 | 77 | 72 | 65 | 69 | 74 | 102 | 105 | 108 | 130 | 129 | |
CWIP | 1 | 1 | 1 | 1 | 7 | 8 | 24 | 3 | 3 | 2 | 3 | 14 |
Investments | 12 | 8 | 8 | 352 | 347 | 376 | 353 | 561 | 673 | 890 | 1,324 | 1,341 |
469 | 507 | 556 | 618 | 693 | 695 | 790 | 810 | 878 | 1,051 | 1,048 | 1,138 | |
Total Assets | 576 | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 | 2,622 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | -41 | -5 | 13 | -53 | 53 | 12 | 39 | -9 | 52 | 241 | 175 | |
11 | 10 | -11 | 6 | 26 | -20 | -22 | -13 | -14 | -10 | -52 | -54 | |
-18 | 31 | 14 | -7 | 18 | -34 | 10 | -20 | 17 | -31 | -182 | -123 | |
Net Cash Flow | -1 | 0 | -2 | 12 | -10 | -1 | 1 | 6 | -6 | 11 | 7 | -2 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 119 | 127 | 128 | 120 | 140 | 100 | 115 | 120 | 99 | 99 | 74 | 72 |
Inventory Days | 120 | 68 | 80 | 91 | 74 | 81 | 114 | 190 | 86 | 116 | 74 | 82 |
Days Payable | 142 | 115 | 114 | 115 | 103 | 84 | 96 | 133 | 54 | 71 | 59 | 70 |
Cash Conversion Cycle | 97 | 80 | 94 | 97 | 111 | 98 | 133 | 178 | 130 | 145 | 89 | 85 |
Working Capital Days | 134 | 19 | 11 | 45 | 87 | 94 | 99 | 138 | 42 | 100 | 30 | 36 |
ROCE % | 0% | -3% | 7% | 6% | 6% | 9% | 9% | 5% | 8% | 9% | 11% | 10% |
Documents
Announcements
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Letter To The Shareholders
18 Aug - Dispatched letters with Annual Report link and AGM notice; KYC update reminder for shareholders.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Aug - Annual General Meeting Notice - Newspaper Publication
-
Business Responsibility and Sustainability Reporting (BRSR)
14 Aug - Bharat Bijlee submits FY 2024-25 Business Responsibility and Sustainability Report per SEBI regulations.
- Notice Convening The 78Th Annual General Meeting ('AGM') Of The Company & Cut-Off Date For The Purpose Of The AGM 14 Aug
- Reg. 34 (1) Annual Report. 14 Aug
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Business Segments