BHEL Q4 & FY 2012 Result and Valuation Analysis

Bharat Heavy Electricals Ltd. (BHEL), India's largest public sector capital goods company has declared its fourth quarter and full year results.


Full Year (FY-12) Highlights:

• Total turnover at Rs.49,301
• PBT at Rs. 10,001 crores
• PAT at Rs. 6848 crores
• Order inflow declined 63.4% to Rs 22,096 crore from Rs 60,507 crore.

Q4 Highlights:

PAT up 14.6% at 3208 crores vs Rs. 2798 crores in Q4 previous year.

Valuation:

At the current market price of 268 the stock is valued at 9.5 times PE multiple. 52 week high low for the stock is 450 / 225.