BHEL's current valuation - cheapest in the decade

Bharat Heavy Electrical Limited's (Bhel) stock touched a 52 week low of Rs 197.80 in the morning trade today. While the stock did recover some of its losses by the end of the trading day to close at Rs 202, the consistent decline in the company's share price over past couple of years has made this heavy weight one of the cheapest available capital goods companies in the markets today. At the current levels, Bhel's share trades at a price-earning multiple of about 7.7, which in fact, its lowest valuation since 2002. The stock had earlier commanded a price earning multiple of 8.3 in Dec '02 and had been on an increasing trajectory until Dec '2007 when it was one of the most expensive stocks commanding a P/E of over 45. ref; http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhels-current-valuation--cheapest-in-the-decade/articleshow/13263675.cms