Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

BHEL Early Results, 87.6 EPS for the Year

Bhel announced results yesterday, an early primer into what’s going to come as details later:


At 36% TTM EPS growth this stock has done fairly well and the current P/E is 27.6, so it seems fairly valued. But the stock seems to have been stuck at the 2400-2500 levels and faces fairly steep resistance here, and volumes are seriously down.


With a 140,000 cr. order book and a turnover of 35,000 cr. this is a fairly steady stock, but they better ramp up capacity fast or they’ll lose those orders.

This is the first of the big results for last quarter. I expect a very healthy set of numbers – the recovery is truly strong.

  • Anonymous says:

    At 28 P/E, you say it is fairly valued. When did you turn a bull?


  • Deepak Shenoy says:

    >MK: For a company growing at 36% on EPS, 28 is definitely reasonable, but it's not such a bargain for me to go buy it. It's not undervalued, and with that order book, not over valued. If you were an investor for four-five years, this stock should do at least the 12% a year or so. But "reasonably valued" is not a screaming buy and I'm trying to focus on those right now: BHEL may be better for a passive investor.