BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Edelweiss maintains buy on Bharat Heavy Electricals
BHEL's receivables (debtors) reduced by Rs 640 crore to Rs 34,970 crore as of June 30, 2016 compared to the Mach quarter, which is a big positive in BHEL's Q1 earnings. A big cost reduction is seen in other expenses, which lowers break-even points. With free cash flow yield of 5/23 per cent for FY17/18E, even on estimates below consensus, we find the stock as amongst best value picks in the entire infra basket.