According to the annual results, net sales increased by 90.33 per cent to Rs 490.51 crore and net profit skyrocketed by 395.97 per cent to Rs 5.79 crore in FY23 over FY22. In the last financial year, the company declared bonus share in the ratio 1:1 and a dividend of Rs 0.0010 per share for a face value of Rs 1.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 12.51 points or 0.02 per cent.

The company has a market cap of Rs 330 crore and a 5-year stock price CAGR of 31 per cent. It is almost debt-free, with promoters holding a 73.66 per cent stake and the general public owning the remaining 26.34 per cent.

Shares of the company have gained more than 200 per cent in the last six months.

The company has received a completion certificate for a 4-lane project of Dodaballapur Bypass to Hoskote section of NH-648 (Old NH207) on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka (Package-II)” has been provisionally completed. The project was worth Rs 1,278 crore.

Earlier, the company had received orders valued at Rs 200 million approx. (Rs 20 crore) for supplying coal to one of the prestigious cement manufacturers namely Prism Johnson Limited (Cement unit II) promoted by the Rajan Raheja Group. The supplies for this order will start within the next 15 days and will be completed by October 31, 2023.

The company is the only drone manufacturer to receive type certificates from DGCA for three drone models.

Quarterly Results: The net sales increased by 2.35 per cent to Rs 1,522 crore and net profit skyrocketed by 316.67 per cent to Rs 52 crore in Q1FY24 compared to Q1FY23. The company has been maintaining a healthy dividend payout of 30.20 per cent

A testament to its ongoing prowess, the first quarter of FY24 witnessed a commendable addition - a substantial order worth Rs 527 crore. Moreover, the past six months alone have borne witness to a series of substantial orders totaling approximately Rs 1,600 crore.

Talking about the financials, BHEL has a market cap of over Rs 33,000 crore. The company reported excellent numbers in its quarterly results and annual results. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs, and the general public.