Maharatna defence PSU company, BHEL, is trending due to its upcoming annual general meeting. However, as per the latest update, BHEL has rescheduled its AGM and, accordingly, will decide on the record and payment date for its upcoming 25% dividend payout. BHEL has a strong history of bonus issues, splits and dividends. Currently, the recommendation is BUY on the stock.
BHEL Share Price:
After market hours of July 21, BHEL stock stood at Rs 254.65 apiece on BSE, up by 1.7% with a market cap of Rs 88,670.74 crore. The stock's 52-week high and low are at Rs 327.70 apiece and Rs 176.00 apiece, respectively.
However, year-to-date, BHEL shares are slightly down by 2.2% on BSE.
BHEL Annual General Meeting:
As per the regulatory filing, BHEL informed that in view of certain administrative reasons, the Company has decided to reschedule the next (61st) Annual General Meeting (AGM) of the Company presently scheduled on 25th July, 2025.
It said, "The revised date of the AGM, alongwith other details such as record date for Final Dividend for FY 2024-25, dividend payment date etc., will be intimated separately in due course."
The date for the AGM is yet to be fixed.
BHEL Dividend:
BHEL has declared a final dividend of Rs 0.50 per share (i.e. @ 25% on the paid-up equity share capital) for the year 2024-25. Earlier, the record date was fixed on July 11, and the payment date was fixed at August 23, 2025.
The Maharatna PSU has a long history of dividend payout to its investors. Since September 2003, the company has distributed 37 dividends, as per Trendlyne data. In the past 12 months, the company delivered a dividend of Rs 0.75 per share. Currently, the dividend yield is 0.29%.
BHEL Bonus Issue:
The company has carried out two bonus rewards since 2007. The first bonus issue was of 1:1 in June 2007, followed by a 1:2 bonus issuance in September 2017.
BHEL Stock Split:
Also, BHEL has subdivided its shares only once. In October 2011, BHEL shares turned ex-split in the ratio of 1:5, where the face value of Rs 10 was cut to Rs 2 per share.
BUY BHEL Shares Before Q1FY26?
Apart from the dividend record date, BHEL will also be in focus for its upcoming Q1 results for FY26.
According to JM Financial, BHEL's net revenue could increase by 26% YoY with a gradual pick-up in the execution of the robust power order book.
Further, in the quarter, BHEL's sales are expected to improve due to a healthy order book and execution, while EBITDA is also expected to rise owing to operating leverage & better order mix. Accordingly, PAT is expected to surge due to an uptrend in sales on a year-on-year basis.
JM Financial has suggested a BUY recommendation on BHEL for a target price of Rs 281.
About BHEL Ltd:
BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. Established in 1964, BHEL is a leading power equipment manufacturer globally and one of the earliest and leading contributors towards building an Aatmanirbhar Bharat.
It has a comprehensive portfolio of products, systems and services in the areas of power-thermal, hydro, gas, nuclear & solar PV; transmission; transportation; defence & aerospace; oil & gas and new areas like BESS and EV chargers.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
Click it and Unblock the Notifications
Sign in with Google