Bharat Heavy Electricals Ltd (BHEL)
₹387.60
Mkt cap
₹1.35L Cr
P/E ratio
46.90
P/B
5.05
Div yield
0.36%
ROE
6.23%
ROCE
9.14%
EPS (TTM)
₹8.26
Book value
₹77
52W range
230–464
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
TechnicalsNeutral
52-week range
−16.47% from high₹388
₹230+68.86% from low₹464
Current
₹387.60
Prev close
₹401.95
Day
−3.57%
Price performance
1D
−3.57%
1W
+0.03%
1M
−6.23%
3M
−3.82%
6M
+12.51%
1Y
+65.44%
YTD
+29.42%
Financials
Revenue, profit & margin
P/E ratio
46.9×
BHEL is 55% above the sector median of 30.2×
BHEL46.9×
Sector median30.2×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 | 8,993 | 5,487 | 7,512 | 8,473 | 12,310 | 7,698 | 9,300 | |
| Expenses | 5,279 | 5,287 | 7,532 | 5,654 | 6,309 | 6,973 | 8,162 | 6,024 | 6,931 | 7,928 | 10,557 | 7,194 | 8,275 | |
| Operating Profit | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 | 581 | 545 | 1,753 | 504 | 1,026 | |
| OPM % | -3.0% | 3.9% | 9% | -3.1% | 4.2% | 4.2% | 9% | -10% | 8% | 6% | 14% | 7% | 11% | |
| Other Income | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 | 189 | 235 | 260 | 226 | 271 | |
| Interest | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 | 182 | 198 | 140 | 125 | |
| Depreciation | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 75 | 78 | 88 | 82 | 83 | |
| Profit before tax | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 | 499 | 520 | 1,728 | 508 | 1,089 | |
| Tax % | -69% | 29% | 23% | -24% | 25% | 25% | 28% | -25% | 25% | 25% | 25% | 26% | 25% | |
| Net Profit | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 | 375 | 390 | 1,290 | 377 | 821 | |
| EPS in Rs | -0.18 | 0.17 | 1.41 | -0.61 | 0.30 | 0.39 | 1.45 | -1.31 | 1.08 | 1.12 | 3.71 | 1.08 | 2.36 | |
| 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 −1.32% · closed higher next day 18 of last 59
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 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 | 14 Oct '26 |
| Earnings day | −1.55% | −5.40% | −0.68% | +5.95% | +6.52% | +1.90% | −4.95% | +6.48% | −0.87% | −0.56% | +4.18% | +4.89% |
| +1 day | +3.58% | −4.51% | −2.80% | +8.37% | +4.66% | −0.77% | −7.14% | +8.19% | −5.75% | +2.36% | +0.97% | −1.83% |
| +5 days | +6.55% | −7.86% | −4.03% | +8.49% | +10.18% | +3.71% | −7.71% | +7.52% | −6.67% | +3.90% | −2.00% | −9.82% |
| +15 days | +22.66% | −7.53% | −5.59% | +5.11% | −0.56% | +4.08% | −11.51% | +15.12% | +4.03% | +10.79% | −2.34% | — |
| +30 days | +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 Sep 202658.17%Promoter
Promoters58.17%
FIIs9.94%0.42
DIIs21.80%0.55
Public10.02%0.14
Government0.07%
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 |
|---|---|---|---|---|---|---|---|---|---|
| A B B | ₹6,413.00 | 88.17 | 1,35,897 | 0.61% | 362 | +8.03% | 3,559 | +21.03% | 29.93% |
| B H E L | ₹387.60 | 46.89 | 1,34,965 | 0.36% | 821 | +118.98% | 9,300 | +23.81% | 9.14% |
| CG Power & Ind | ₹804.00 | 90.61 | 1,26,668 | 0.16% | 409 | +43.71% | 3,802 | +30.07% | 26.71% |
| Hitachi Energy | ₹27,225.00 | 101.87 | 1,21,348 | 0.03% | 294 | +123.52% | 2,494 | +68.62% | 29.36% |
| Siemens | ₹3,303.00 | 78.25 | 1,17,627 | 0.54% | 2,143 | −18.59% | 4,714 | +14.75% | 21.44% |
| GE Vernova T&D | ₹4,020.00 | 69.45 | 1,02,932 | 0.25% | 431 | +44.05% | 2,027 | +31.75% | 77.44% |
| Siemens Ener.Ind | ₹2,803.30 | 65.40 | 99,831 | 0.14% | 441 | +67.83% | 2,486 | +39.28% | 67.75% |
| Median: 48 Co. | ₹421.55 | 30.17 | 4,751 | 0.04% | 41 | +28.08% | 443 | +24.96% | 23.51% |
Filings
Annual reports15
Concall transcripts20
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 29 Oct - BHEL to meet investors on 4 November 2026 in Mumbai; no presentation will be made.Announcement under Regulation 30 (LODR)-Change in Management 25 Oct - BHEL announces superannuation of Jitendra Das and appointments of Rajeeva Srivastava and Amit Gupta25.10.2026.Announcement under Regulation 30 (LODR)-Change in Directorate 22 Oct - BHEL appoints Shri Manepalli Sridhar as Director (HR)22 October 2026 until 31 August 2028.Announcement under Regulation 30 (LODR)-Newspaper Publication 15 OctBHEL Q2 FY 2026-27 Results: Supplementary Information 14 Oct - BHEL shared supplementary Q2 FY2027 results: revenue up 24%, PAT up 120%, order book Rs 2.58 lakh crore.