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Apr-Jun 2013 Earnings Preview
Engineering & Power
Nifty: Company & Sector Valuations
Wgt
(%)
Mcap
(Rs m)
No. of
Shares (m)
CMP
(Rs)
PAT (Rs m) EPS (Rs) PER (x)
2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015
20 BHEL 0.8% 447,299 2,447.6 183 70,592 66,126 61,094 56,976 28.8 27.0 25.0 23.3 6.3 6.8 7.3 7.9
Growth (%) 28.0 (6.3) (7.6) (6.7) 28.1 (6.3) (7.6) (6.7)
21 Jaiprakash Associates 0.3% 115,503 2,219.1 52 10,263 5,013 6,930 9,728 4.8 2.3 3.1 4.4 10.8 23.0 16.7 11.9
Growth (%) 35.5 (51.2) 38.2 40.4 35.5 (53.2) 38.2 40.4
22 Larsen & Toubro 4.1% 864,598 616.2 1,403 44,196 45,499 47,551 55,385 72.2 73.9 77.3 90.0 19.4 19.0 18.2 15.6
Growth (%) 20.4 2.9 4.5 16.5 19.7 2.4 4.5 16.5
23 NTPC 1.5% 1,157,663 8,245.5 140 82,608 91,858 106,650 113,416 10.0 11.1 12.9 13.8 14.0 12.6 10.9 10.2
Growth (%) (6.5) 11.2 16.1 6.3 (6.5) 11.2 16.1 6.3
24 Power Grid Corp Of India 0.8% 487,510 4,629.7 105 32,549 42,343 47,892 52,844 7.0 9.1 9.4 10.4 15.0 11.5 11.2 10.1
Growth (%) 23.6 30.6 10.9 17.4 16.4 30.6 10.1 13.4
25 Reliance Infrastructure 0.3% 96,964 263.0 369 14,460 17,199 17,115 19,523 55.0 65.4 65.1 74.2 6.7 5.6 5.7 5.0
Growth (%) (14.8) 18.9 (0.5) 14.1 (13.4) 18.9 (0.5) 14.1
26 Tata Power Co 0.7% 201,711 2,373.1 85 11,007 8,548 10,710 12,512 4.6 3.6 4.5 5.3 18.3 23.6 18.8 16.1
Growth (%) (43.3) (22.3) 25.3 16.8 (43.3) (22.3) 25.3 16.8
Total 8.5% 3,371,249 20,794.2 265,676 276,586 297,942 320,384 12.7 12.2 11.3 10.5
Growth (%) 5.8 4.1 7.7 7.5
Source: Company Data, Bloomberg, PL Research
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