Bharat Heavy Electricals Ltd (BHEL)
₹422.15
Mkt cap
₹1.46L Cr
P/E ratio
60.00
P/B
5.62
Div yield
0.33%
ROE
6.23%
ROCE
9.14%
EPS (TTM)
₹7.04
Book value
₹75
52W range
211–443
Sector
Industrials
Price history
Previous close
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. [1] It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India. [2]
NSE BHELBSE 500103
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthLow
TechnicalsBullish
52-week range
−4.63% from high₹422
₹211+99.99% from low₹443
Current
₹422.15
Prev close
₹421.45
Day
+0.17%
Price performance
1D
+0.17%
1W
−1.03%
1M
+3.22%
3M
+11.89%
6M
+64.10%
1Y
+96.28%
YTD
+40.95%
Financials
Revenue, profit & margin
P/E ratio
60.0×
BHEL is 72% above the sector median of 34.8×
BHEL60.0×
Sector median34.8×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,003 | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 | 8,993 | 5,487 | 7,512 | 8,473 | 12,310 | 7,698 | |
| Expenses | 5,182 | 5,279 | 5,287 | 7,532 | 5,654 | 6,309 | 6,973 | 8,162 | 6,024 | 6,931 | 7,928 | 10,557 | 7,194 | |
| Operating Profit | -178 | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 | 581 | 545 | 1,753 | 504 | |
| OPM % | -3.6% | -3.0% | 3.9% | 9% | -3.1% | 4.2% | 4.2% | 9% | -10% | 8% | 6% | 14% | 7% | |
| Other Income | 130 | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 | 189 | 235 | 260 | 226 | |
| Interest | 168 | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 | 182 | 198 | 140 | |
| Depreciation | 60 | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 75 | 78 | 88 | 82 | |
| Profit before tax | -276 | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 | 499 | 520 | 1,728 | 508 | |
| Tax % | -26% | -69% | 29% | 23% | -24% | 25% | 25% | 28% | -25% | 25% | 25% | 25% | 26% | |
| Net Profit | -205 | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 | 375 | 390 | 1,290 | 377 | |
| EPS in Rs | -0.59 | -0.18 | 0.17 | 1.41 | -0.61 | 0.30 | 0.39 | 1.45 | -1.31 | 1.08 | 1.12 | 3.71 | 1.08 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −1.43% · closed higher next day 18 of last 58
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 8 Nov '23◦ | 13 Feb '24 | 21 May '24◦ | 31 Jul '24 | 28 Oct '24 | 28 Jan '25◦ | 16 May '25 | 6 Aug '25◦ | 29 Oct '25◦ | 19 Jan '26 | 4 May '26 | 16 Jul '26 |
| Earnings day | +0.40% | −1.55% | −5.40% | −0.68% | +5.95% | +6.52% | +1.90% | −4.95% | +6.48% | −0.87% | −0.56% | +4.18% |
| +1 day | +2.99% | +3.58% | −4.51% | −2.80% | +8.37% | +4.66% | −0.77% | −7.14% | +8.19% | −5.75% | +2.36% | +0.97% |
| +5 days | +13.21% | +6.55% | −7.86% | −4.03% | +8.49% | +10.18% | +3.71% | −7.71% | +7.52% | −6.67% | +3.90% | −2.00% |
| +15 days | +38.91% | +22.66% | −7.53% | −5.59% | +5.11% | −0.56% | +4.08% | −11.51% | +15.12% | +4.03% | +10.79% | −2.34% |
| +30 days | +45.41% | +14.12% | −2.55% | −16.19% | +12.75% | +3.20% | +7.50% | −0.10% | +16.20% | −6.59% | +4.03% | +3.83% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 1.40 Per Share | 1.40 | 17 Jul '26 | 17 Jul '26 |
Shareholding
as of Jun 202658.17%Promoter
Promoters58.17%
FIIs9.52%2.29
DIIs22.35%1.58
Public9.88%0.75
Government0.07%0.01
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| ABB | ₹7,434.00 | 102.07 | 1,57,323 | 0.53% | 362 | +8.03% | 3,559 | +21.03% | 29.93% |
| BHEL | ₹421.45 | 60.02 | 1,45,990 | 0.33% | 377 | +182.70% | 7,698 | +40.29% | 9.14% |
| POWERINDIA | ₹31,775.00 | 118.90 | 1,41,629 | 0.03% | 294 | +123.52% | 2,494 | +68.62% | 29.36% |
| CGPOWER | ₹895.00 | 110.43 | 1,40,537 | 0.15% | 308 | +16.26% | 3,281 | +13.99% | 26.71% |
| SIEMENS | ₹3,927.00 | 93.05 | 1,39,884 | 0.46% | 2,143 | −18.59% | 4,714 | +14.75% | 21.44% |
| GVT&D | ₹4,367.20 | 82.46 | 1,11,339 | 0.23% | 363 | +24.65% | 1,836 | +38.04% | 77.44% |
| ENRIN | ₹3,121.90 | 72.85 | 1,11,206 | 0.13% | 441 | +67.83% | 2,486 | +39.28% | 67.75% |
| Median: 45 Co. | ₹443.32 | 34.82 | 5,005 | 0.08% | 39 | +11.95% | 455 | +18.92% | 23.52% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013nseAnnual Report 2013bse
Concall transcripts20
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Sep - BHEL schedules analyst/institutional investor factory visit at Haridwar on 9 September 2026.Disclosure Under Section 30 Of SEBI (LODR), Regulations, 2015-Fine 26 Aug - BSE and NSE imposed Rs. 11,03,300 each fine for June 2026 LODR non-compliances.Announcement under Regulation 30 (LODR)-Change in Management 25 Aug - BHEL's GM and Head (COC) Sumeet Salhotra superannuated on 24 August 2026.Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 AugBHEL Signs SCA With M/S Hystar AS, Norway For PEM Electrolyser Systems For Green Hydrogen Projects. 13 Aug - BHEL signed SCA with Hystar AS on 13 Aug 2026 for PEM electrolyser systems.