Bharat Heavy Electricals Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 489.52 489.52 489.52 489.52 489.52
Total Share Capital 489.52 489.52 489.52 489.52 489.52
Reserves and Surplus 31,804.92 31,691.56 33,595.08 32,557.53 29,954.58
Total Reserves and Surplus 31,804.92 31,691.56 33,595.08 32,557.53 29,954.58
Total Shareholders Funds 32,294.44 32,181.08 34,084.60 33,047.05 30,444.10
NON-CURRENT LIABILITIES
Long Term Borrowings 89.55 126.29 61.00 104.77 129.20
Other Long Term Liabilities 3,719.19 4,507.51 5,358.84 6,600.17 5,789.68
Long Term Provisions 5,001.35 7,624.50 6,755.21 7,496.43 5,932.91
Total Non-Current Liabilities 8,810.09 12,258.30 12,175.05 14,201.37 11,851.79
CURRENT LIABILITIES
Short Term Borrowings 0.00 0.00 0.00 2,550.00 1,286.00
Trade Payables 8,709.16 8,698.34 8,798.94 8,719.02 9,675.24
Other Current Liabilities 7,224.95 8,689.32 9,123.31 11,444.14 13,862.10
Short Term Provisions 4,191.56 3,335.90 4,285.23 2,829.59 3,009.22
Total Current Liabilities 20,125.67 20,723.56 22,207.48 25,542.75 27,832.56
Total Capital And Liabilities 61,230.20 65,162.94 68,467.13 72,791.17 70,128.45
ASSETS
NON-CURRENT ASSETS
Tangible Assets 3,491.12 3,825.12 3,982.20 4,525.13 4,314.67
Intangible Assets 104.76 137.36 158.32 167.81 143.82
Capital Work-In-Progress 159.51 309.50 500.50 622.01 1,133.51
Intangible Assets Under Development 8.83 8.38 17.30 20.11 38.08
Fixed Assets 3,764.22 4,280.36 4,658.32 5,335.06 5,630.08
Non-Current Investments 661.42 664.16 417.67 420.17 429.17
Deferred Tax Assets [Net] 3,841.37 3,659.23 2,220.73 1,968.95 1,550.69
Long Term Loans And Advances 78.04 65.62 1,219.05 1,167.14 905.33
Other Non-Current Assets 9,991.19 11,368.29 11,413.82 11,881.07 10,653.72
Total Non-Current Assets 18,336.24 20,037.66 19,929.59 20,772.39 19,168.99
CURRENT ASSETS
Inventories 7,372.38 9,602.15 10,101.66 9,797.55 11,763.82
Trade Receivables 22,075.56 22,430.12 26,223.50 28,071.92 29,234.49
Cash And Cash Equivalents 10,491.79 10,085.99 9,812.70 11,872.93 7,732.05
Short Term Loans And Advances 138.88 176.61 2,224.65 2,023.86 2,029.12
OtherCurrentAssets 2,815.35 2,830.41 175.03 252.52 199.98
Total Current Assets 42,893.96 45,125.28 48,537.54 52,018.78 50,959.46
Total Assets 61,230.20 65,162.94 68,467.13 72,791.17 70,128.45
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities 13,238.23 14,809.64 6,016.83 11,337.90 3,441.04
CIF VALUE OF IMPORTS
Raw Materials 900.98 1,727.42 1,968.35 2,248.67 3,042.51
Stores, Spares And Loose Tools 2,130.31 2,240.63 2,103.90 4,013.10 3,245.41
Capital Goods 152.65 40.49 113.88 85.30 319.86
EXPENDITURE IN FOREIGN EXCHANGE
Expenditure In Foreign Currency 151.31 184.90 353.63 410.61 374.71
REMITTANCES IN FOREIGN CURRENCIES FOR
DIVIDENDS
Dividend Remittance In Foreign Currency 45.15 24.00 78.19 170.40 202.43
EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods 292.52 286.63 747.36 1,358.41 438.68
Other Earnings 2,197.03 3,363.22 4,686.14 7,419.33 11,917.91
BONUS DETAILS
Bonus Equity Share Capital 244.76 244.76 244.76 244.76 244.76
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market
- - - - -
Value
Non-Current Investments Unquoted Book
661.42 664.16 417.67 420.17 429.17
Value
CURRENT INVESTMENTS
Current Investments Quoted Market Value - - - - -
Current Investments Unquoted Book Value - - - - -
 Shareholding Pattern

BHARAT HEAVY ELECTRICALS LTD.

p Code : 500103 Quarter ending :March 2018

Summary statement holding of specified securities

Shareholding as a % of
No. of fully paid total no. of shares Number of equity
Category of Nos. of Total nos.
up equity shares (calculated as per SCRR, shares held in
shareholder shareholders shares held
held 1957)As a % of dematerialized form
(A+B+C2)

(A) Promoter &

1 2,31,51,78,000 2,31,51,78,000 63.06 2,31,51,78,000
Promoter Group

(B) Public 4,71,047 1,35,62,22,000 1,35,62,22,000 36.94 1,35,45,23,334

(C1) Shares
0.00
underlying DRs
(C2) Shares held
by Employee 0.00
Trust
(C) Non
Promoter-Non 0.00
Public

Grand Total 4,71,048 3,67,14,00,000 3,67,14,00,000 100.00 3,66,97,01,334

Peer group comparison

BHEL KEC SIEMENS ABB

LTP 77.35 357.30 1,009.15 1,239.25

Change % 1.31 -0.27 0.97 -1.49

52 W H/L 108.00/72.65 442.60/209.00 1,470.00/955.00 1,744.40/1,151.25

Results (in Cr.) View in (Million) Mar - 18 Mar - 18 Mar - 18 Mar - 18

Sales 10,143.66 3,361.90 3,283.40 2,525.48

PAT 457.17 179.36 219.70 102.49

Equity 734.28 51.42 71.20 42.38

Face Value 2.00 2.00 2.00 2.00

Ratios

OPM % 13.38 8.49 11.74 7.63

NPM % 4.51 5.34 6.69 4.06

EPS 1.25 6.98 6.17 4.84

CEPS 1.84 7.91 7.55 6.52

PE 31.32 21.36 30.03 60.72

Ownership Mar - 18 Mar - 18 Mar - 18 Mar - 18

Promoter & Promoter Grp 2,31,51,78,000 13,10,83,293 26,70,89,913 15,89,31,281

Indian 2,31,51,78,000 13,10,83,293 -- --

Foreign -- -- 26,70,89,913 15,89,31,281

Public 1,35,62,22,000 12,60,05,077 8,90,30,342 5,29,77,094

Institution 1,15,80,39,911 7,93,25,487 5,08,90,170 3,55,19,432

FII -- -- -- --
 DII 1,15,80,39,911 7,93,25,487 5,08,90,170 3,55,19,432

Non Institution 19,81,82,089 4,66,79,590 3,81,40,172 1,74,57,662

MEANING OF WORKING CAPITAL

Working capital refers to the management of current assets.

Working capital refer to that part of total capital which is used for carrying out the routine or
regular business operation. In other words, it is the amount of funds used for financing the day-to
day operation. In short, it is the capital with which the business is worked over.
Thus, the capital invested and locked up in various current assets , such as stocks of raw material,
work in progress , stocks of finished goods account receivable and cash and bank balances
constitutes the working capital.

Concept of working capital

There are five concepts of working capital :-

o Gross Working Capital

o Net Working Capital

o Negative working capital

o Permanent working capital

o Variable working capital

SOURCE OF WORKING CAPITAL
The financial manager is always interested in obtaining the working capital at the right time, at a
reasonable cost and at the best possible favorable terms. A part of the working capital investment
are permanent investments is fixed assets. The following is snapshot of various source of working
capital.
Sources of working capital divided into two

• Long –term

• Short –term

Sources of long term working capital

• Issue of shares

• Floating of debentures

• Ploughing back of profit

• Loans

• Public deposit

Sources of short-term working capital

Internal sources
• Depreciation

• Taxation

• Accured expenses

External sources

• Trade credit

• Credit papers

• Bank credit

• Customer’s credit

• Govt. Assistances

• Loans from director

• Security of employees