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Copyright © 2025 Knowtilus Technologies Pvt. Ltd.
SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
BHEL logo

BHEL - Bharat Heavy Electricals Ltd. Share Price

Electrical Equipment

Sharesguru Stock Score

BHEL

31/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹255.40-3.55(-1.37%)
Market Closed as of Mar 9, 2026, 15:30 IST
Pros

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Size: It is among the top 200 market size companies of india.

Past Returns: Outperforming stock! In past three years, the stock has provided 49.1% return compared to 11.4% by NIFTY 50.

Balance Sheet: Reasonably good balance sheet.

Growth: Good revenue growth. With 31.6% growth over past three years, the company is going strong.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Cons

Momentum: Stock is suffering a negative price momentum. Stock is down -4.2% in last 30 days.

Technicals: SharesGuru indicator is Bearish.

Valuation

Market Cap88.93 kCr
Price/Earnings (Trailing)109.15
Price/Sales (Trailing)2.85
EV/EBITDA46.6
Price/Free Cashflow43.05
MarketCap/EBT83.8
Enterprise Value99.48 kCr

Fundamentals

Revenue (TTM)31.18 kCr
Rev. Growth (Yr)17.7%
Earnings (TTM)814.24 Cr
Earnings Growth (Yr)189.8%

Profitability

Operating Margin3%
EBT Margin3%
Return on Equity3.34%
Return on Assets1.13%
Free Cashflow Yield2.32%

Price to Sales Ratio

Latest reported: 2.9

Revenue (Last 12 mths)

Latest reported: 31.2 kCr

Net Income (Last 12 mths)

Latest reported: 814.2 Cr

Growth & Returns

Price Change 1W-2.6%
Price Change 1M-4.2%
Price Change 6M16.1%
Price Change 1Y29.7%
3Y Cumulative Return49.1%
5Y Cumulative Return36%
7Y Cumulative Return20.3%
10Y Cumulative Return14%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-2.73 kCr
Cash Flow from Operations (TTM)2.19 kCr
Cash Flow from Financing (TTM)-856.81 Cr
Cash & Equivalents423.63 Cr
Free Cash Flow (TTM)1.91 kCr
Free Cash Flow/Share (TTM)5.49

Balance Sheet

Total Assets71.97 kCr
Total Liabilities47.57 kCr
Shareholder Equity24.4 kCr
Current Assets46.44 kCr
Current Liabilities32.09 kCr
Net PPE2.81 kCr
Inventory12.47 kCr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.15
Debt/Equity0.45
Interest Coverage0.4
Interest/Cashflow Ops3.85

Dividend & Shareholder Returns

Dividend/Share (TTM)0.5
Dividend Yield0.19%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.00%
Sharesguru Stock Score

BHEL

31/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Pros

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Size: It is among the top 200 market size companies of india.

Past Returns: Outperforming stock! In past three years, the stock has provided 49.1% return compared to 11.4% by NIFTY 50.

Balance Sheet: Reasonably good balance sheet.

Growth: Good revenue growth. With 31.6% growth over past three years, the company is going strong.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Cons

Momentum: Stock is suffering a negative price momentum. Stock is down -4.2% in last 30 days.

Technicals: SharesGuru indicator is Bearish.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.19%
Dividend/Share (TTM)0.5
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)2.34

Financial Health

Current Ratio1.45
Debt/Equity0.45

Technical Indicators

RSI (14d)48.01
RSI (5d)37.9
RSI (21d)44.21
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalSell
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

Latest News and Updates from Bharat Heavy Electricals

Updated May 4, 2025

The Bad News

Zee Business

Shares of BHEL fell over 1% following a significant fire at its Bhopal manufacturing unit, raising concerns over operational disruptions.

Business Today

Despite strong order inflows, analysts warn that operational interruptions from the fire could affect BHEL's performance in Q1 FY26.

Indiatimes

The stock has shown strong gains over the past year but may experience volatility as investors await updates on the fire incident's impact.

The Good News

Mint

BHEL achieved record order inflows totaling ₹92,534 crore for FY 2024-25, raising its total order book to ₹1.95 trillion.

EquityBulls

The company reported a consolidated net profit of ₹134.70 crore in the December quarter, more than doubling from the previous year.

IndiaInfoline

BHEL's recent contract with Gujarat State Electricity Corporation for ₹7,500 crore significantly boosts its market position in the power sector.

Updates from Bharat Heavy Electricals

General • 03 Mar 2026
Imposition of fine for non-compliance of Regulation 17(1) of SEBI (LODR) Regulations, 2015 pertaining to composition of Board of Directors
General • 02 Mar 2026
Imposition of fine for non-compliance of Regulation 17(1) of SEBI (LODR) Regulations, 2015 pertaining to composition of Board of Directors
General • 21 Feb 2026
Disclosure regarding ongoing litigations or disputes
Newspaper Publication • 19 Feb 2026
Copy of newspaper publication
Award of Order / Receipt of Order • 17 Feb 2026
Receipt of Letter of Acceptance from Steel Authority of India Limited
General • 13 Feb 2026
As per attachment
General • 11 Feb 2026
President of India, acting through and represented by the Ministry of Heavy Industries, Government of India, is the promoter of (the "Promoter" and the "Seller") Bharat Heavy Electricals ....

This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.

Summary of Latest Earnings Report from Bharat Heavy Electricals

Summary of Bharat Heavy Electricals's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Revenue Breakdown

Analysis of Bharat Heavy Electricals's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Dec 31, 2025

DescriptionShareValue
Power74.6%6.3 kCr
Industry25.4%2.2 kCr
Total8.5 kCr

Share Holdings

Understand Bharat Heavy Electricals ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
PRESIDENT OF INDIA63.17%
LIFE INSURANCE CORPORATION OF INDIA6.21%
NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVT1.78%
SBI MIDCAP FUND1.32%
Qualified Institutional Buyer0.08%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Bharat Heavy Electricals Better than it's peers?

Detailed comparison of Bharat Heavy Electricals against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
LTLarsen & Toubro5.29 LCr2.83 LCr-5.60%+18.40%32.511.87--
ABBABB India1.27 LCr13.56 kCr+2.90%+12.30%75.999.35--
SIEMENSSiemens1.15 LCr18.09 kCr+1.70%-36.80%64.996.36--
CGPOWERCG Power and Industrial Solutions1.1 LCr10.69 kCr+3.40%+10.70%109.2510.27--
THERMAXThermax36.52 kCr10.63 kCr+6.70%-8.80%50.623.43--
BGRENERGYBGR ENERGY SYSTEMS2.41 kCr624.55 Cr+1.60%+304.30%-2.843.86--

Sector Comparison: BHEL vs Electrical Equipment

Comprehensive comparison against sector averages

Comparative Metrics

BHEL metrics compared to Electrical

CategoryBHELElectrical
PE110.66 59.24
PS2.895.54
Growth11 %13.5 %
33% metrics above sector average
Key Insights
  • 1. BHEL is among the Top 5 Heavy Electrical Equipment companies by market cap.
  • 2. The company holds a market share of 23.3% in Heavy Electrical Equipment.
  • 3. In last one year, the company has had a below average growth that other Heavy Electrical Equipment companies.

Income Statement for Bharat Heavy Electricals

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations18.6%28,33923,89323,36521,21117,30921,490
Other Income-14.9%465546489355348564
Total Income17.9%28,80524,43923,85421,56617,65722,054
Cost of Materials18.2%20,38717,24415,9549,84811,07114,729
Purchases of stock-in-trade-0004,14200
Employee Expense5.2%5,9235,6295,7015,5195,3785,409
Finance costs2.3%748731521356374508
Depreciation and Amortization9.3%272249260314473503
Other expenses176.2%2,3298441,0514343,4902,605
Total Expenses15.9%28,11824,26023,43021,14621,29722,739
Profit Before exceptional items and Tax285.4%687179423420-3,640.07-684.79
Total profit before tax285.4%687179423420-3,640.07-684.79
Current tax119.4%23-112.56-111.22-77.13161.52
Deferred tax161.1%18973113103-912.05808
Total tax620.2%212-39.562.0526-896.23809
Total profit (loss) for period89.7%534282477445-2,699.7-1,468.35
Other comp. income net of taxes-96.7%-163.34-82.55-16.687720-273.74
Total Comprehensive Income85.9%371200461522-2,679.65-1,742.09
Earnings Per Share, Basic378.9%1.530.811.371.28-7.75-4.22
Earnings Per Share, Diluted378.9%1.530.811.371.28-7.75-4.22
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations12.8%8,4737,5125,4878,9937,2776,584
Other Income25.3%219175171149108111
Total Income13.1%8,6927,6865,6589,1437,3856,695
Cost of Materials5.5%6,0595,7414,1286,9794,8954,789
Employee Expense3.4%1,5311,4801,4621,5391,4821,467
Finance costs-6.7%182195181201184201
Depreciation and Amortization4.1%787575856860
Other expenses126.3%535237675669907412
Total Expenses13.7%8,1887,2026,2808,4487,2256,571
Profit Before exceptional items and Tax3.9%504485-621.71694160125
Total profit before tax3.9%504485-621.71694160125
Current tax16.3%0.590.510.349.151.569.54
Deferred tax4.1%129124-152.881914226
Total tax4.1%129124-152.542004435
Total profit (loss) for period4%390375-455.5504135106
Other comp. income net of taxes0.4%-33.72-33.85-33.65-92.04-23.91-23.79
Total Comprehensive Income4.7%357341-489.1541211182
Earnings Per Share, Basic50%1.121.08-1.311.450.390.3
Earnings Per Share, Diluted50%1.121.08-1.311.450.390.3
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations18.6%28,33923,89323,36521,21117,30821,486
Other Income-14.5%503588515368370581
Total Income17.8%28,84324,48123,88021,57917,67822,067
Cost of Materials18.2%20,38717,24415,9549,84811,07114,727
Purchases of stock-in-trade-0004,14200
Employee Expense5.2%5,9235,6295,7015,5175,3725,403
Finance costs2.3%748731521355373507
Depreciation and Amortization9.3%272249260314473503
Other expenses176.2%2,3298441,0514343,4902,604
Total Expenses15.9%28,11824,26023,43021,14221,29022,729
Profit Before exceptional items and Tax230.6%725220450437-3,611.6-662.11
Total profit before tax230.6%725220450437-3,611.6-662.11
Current tax119.4%23-112.56-111.22-77.13161.52
Deferred tax161.1%18973113104-910.28809
Total tax620.2%212-39.562.0527-894.46811
Total profit (loss) for period97.7%513260448410-2,717.14-1,472.97
Other comp. income net of taxes-97.2%-163.5-82.41-17.277720-273.88
Total Comprehensive Income97.7%349177430487-2,697.16-1,746.85
Earnings Per Share, Basic288%1.470.751.291.18-7.8-4.23
Earnings Per Share, Diluted288%1.470.751.291.18-7.8-4.23
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations12.8%8,4737,5125,4878,9937,2776,584
Other Income24.9%227182185159116118
Total Income13.1%8,7007,6945,6729,1527,3936,703
Cost of Materials5.5%6,0595,7414,1286,9794,8954,789
Employee Expense3.4%1,5311,4801,4621,5391,4821,467
Finance costs-6.7%182195181201184201
Depreciation and Amortization4.1%787575856860
Other expenses126.3%535237675669907412
Total Expenses13.7%8,1887,2026,2808,4487,2256,571
Profit Before exceptional items and Tax4.1%512492-607.43704169132
Total profit before tax4.1%512492-607.43704169132
Current tax16.3%0.590.510.349.151.569.54
Deferred tax4.1%129124-152.881914226
Total tax4.1%129124-152.542004435
Total profit (loss) for period3.8%382368-454.8950412597
Other comp. income net of taxes0%-33.67-33.67-33.67-92-23.83-23.84
Total Comprehensive Income4.5%349334-488.5641210173
Earnings Per Share, Basic66.7%1.11.06-1.311.450.360.28
Earnings Per Share, Diluted66.7%1.11.06-1.311.450.360.28

Balance Sheet for Bharat Heavy Electricals

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-3.4%4244397211,8351,1081,561
Total current financial assets14.5%15,79213,79811,88911,18310,05810,049
Inventories26.4%12,4759,8698,1617,2217,4826,756
Current tax assets78.7%244137185229162226
Total current assets8.6%46,43842,76037,16434,54631,44030,082
Property, plant and equipment-1.6%2,8152,8622,4812,5112,3932,409
Capital work-in-progress70.2%275162311282323345
Investment property-1.8%0.440.450000
Non-current investments-001.191.193.133.13
Total non-current financial assets-18%3,0873,7632,7213,4323,7483,503
Total non-current assets0.8%25,53525,32324,62924,46029,47929,288
Total assets5.7%71,97268,08361,79359,00660,91959,370
Borrowings, non-current-0.6%16116237242934
Total non-current financial liabilities-12.4%2,4152,7562,3152,6422,5702,483
Provisions, non-current-12%2,2752,5862,1062,4893,9224,101
Total non-current liabilities2.3%15,48115,13510,6289,2349,2189,190
Borrowings, current22.1%10,8088,8529,0918,8339,0125,420
Total current financial liabilities7.5%21,11419,63419,19318,94818,63616,593
Provisions, current32.7%2,4091,8153,0572,3183,2102,797
Total current liabilities13.7%32,09228,22626,96525,33325,61923,351
Total liabilities9.7%47,57243,36137,59434,56734,83732,542
Equity share capital0%696696696696696696
Non controlling interest-------
Total equity-1.3%24,40024,72224,19924,43926,08226,828
Total equity and liabilities5.7%71,97268,08361,79359,00660,91959,370
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-3.4%4244397211,8351,1081,561
Total current financial assets14.5%15,79213,79811,88911,18310,05810,049
Inventories26.4%12,4759,8698,1617,2217,4826,756
Current tax assets78.7%244137185229162226
Total current assets8.6%46,43842,76037,16434,54631,44030,082
Property, plant and equipment-1.6%2,8152,8622,4812,5112,3932,409
Capital work-in-progress70.2%275162311282323345
Investment property-1.8%0.440.450000
Non-current investments0%672672668668670670
Total non-current financial assets-15.2%3,7594,4343,3874,0984,4154,169
Total non-current assets0.8%25,92425,72025,03024,87229,91029,722
Total assets5.7%72,36268,47962,19459,41761,35059,804
Borrowings, non-current-0.6%16116237242934
Total non-current financial liabilities-12.4%2,4152,7562,3152,6422,5702,483
Provisions, non-current-12%2,2752,5862,1062,4893,9224,101
Total non-current liabilities2.3%15,48115,13510,6289,2349,2189,190
Borrowings, current22.1%10,8088,8529,0918,8339,0125,420
Total current financial liabilities7.5%21,11919,63919,19318,94818,63616,593
Provisions, current32.7%2,4091,8153,0572,3183,2102,797
Total current liabilities13.7%32,09728,23126,96525,33325,61923,351
Total liabilities9.7%47,57843,36637,59434,56734,83732,542
Equity share capital0%696696696696696696
Total equity-1.3%24,78425,11324,60024,85126,51327,262
Total equity and liabilities5.7%72,36268,47962,19459,41761,35059,804

Cash Flow for Bharat Heavy Electricals

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs2.3%748731521356--
Change in inventories-422.5%-2,632.53-503.04-192.4603--
Depreciation9.3%272249260314--
Unrealised forex losses/gains-132.7%-16.9756-401.8519--
Adjustments for interest income-18.5%403494421303--
Net Cashflows from Operations153.6%2,111-3,935.07-851.94251--
Income taxes paid (refund)63.1%-81.29-222.17-110.42-408.88--
Net Cashflows From Operating Activities159%2,192-3,712.9-741.52660--
Proceeds from sales of PPE51.5%138.927.766.9--
Purchase of property, plant and equipment21.6%282232188169--
Proceeds from sales of investment property2480%5.760.8250--
Dividends received-9.8%38422630--
Interest received-6.8%372399251258--
Other inflows (outflows) of cash-358.9%-2,878.411,1131,359-1,251.12--
Net Cashflows From Investing Activities-305.4%-2,730.911,3311,480-1,125.32--
Proceeds from borrowings-100.4%-133,4236400--
Repayments of borrowings-102.6%039088--
Payments of lease liabilities-55000--
Dividends paid-37.7%871391390.3--
Interest paid19%701589355183--
Other inflows (outflows) of cash-0007.28--
Net Cashflows from Financing Activities-132.3%-856.812,65689-322.21--
Net change in cash and cash eq.-611.7%-1,395.83274828-787.28--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs2.3%748731521355--
Change in inventories-422.5%-2,632.53-503.04-192.4603--
Depreciation9.3%272249260314--
Unrealised forex losses/gains-132.7%-16.9756-401.8519--
Dividend income-9.8%38422630--
Adjustments for interest income-18.5%403494421303--
Net Cashflows from Operations153.6%2,111-3,935.07-851.94251--
Income taxes paid (refund)63.1%-81.29-222.17-110.42-408.88--
Net Cashflows From Operating Activities159%2,192-3,712.9-741.52660--
Proceeds from sales of PPE51.5%138.927.766.9--
Purchase of property, plant and equipment21.6%282232188169--
Proceeds from sales of investment property2480%5.760.8250--
Dividends received-9.8%38422630--
Interest received-6.8%372399251258--
Other inflows (outflows) of cash-358.9%-2,878.411,1131,359-1,251.12--
Net Cashflows From Investing Activities-305.4%-2,730.911,3311,480-1,125.33--
Proceeds from borrowings-100.4%-133,4236400--
Repayments of borrowings-102.6%039089--
Payments of lease liabilities-55000--
Dividends paid-37.7%871391390.3--
Interest paid19%701589355182--
Net Cashflows from Financing Activities-132.3%-856.812,65689-329.5--
Net change in cash and cash eq.-611.7%-1,395.83274828-794.56--

What does Bharat Heavy Electricals Ltd. do?

Heavy Electrical Equipment•Capital Goods•Mid Cap

Bharat Heavy Electricals Limited (BHEL) is a prominent heavy electrical equipment company with a stock ticker symbol of BHEL and a market capitalization of ₹80,195.3 Crores.

The company specializes in engineering and manufacturing, operating both domestically in India and internationally. BHEL is divided into two main segments: Power and Industry.

In the Power segment, BHEL offers a comprehensive range of solutions, including:

  • Coal-based, gas-based, nuclear, and hydro power plants
  • Solar power systems
  • Transmission systems

In the Industry segment, the company provides various products and solutions, including:

  • Defense and aerospace products
  • Energy storage systems and e-mobility solutions
  • Steam generators, turbines, pumps, and automation systems
  • Rail transportation systems and oil field equipment
  • Water treatment and desalination plants

BHEL serves a diverse customer base across multiple sectors, such as power generation, transportation, oil and gas, defense, and renewable energy. Since its incorporation in 1964, the company has established itself as a key player in the heavy electrical equipment market based in New Delhi, India.

With a trailing 12 months revenue of ₹28,079 Crores and a revenue growth of 36.1% over the past three years, BHEL demonstrates strong financial performance. The company also distributes dividends to its investors, offering a dividend yield of 0.34% per year, with a recent dividend payout of ₹0.65 per share.

Industry Group:Electrical Equipment
Employees:42,880
Website:www.bhel.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

BHEL vs Electrical (2021 - 2026)

BHEL leads the Electrical sector while registering a 4.4% growth compared to the previous year.