Bharat Heavy Electricals Ltd (BHEL)
₹417.30
Mkt cap
₹1.45L Cr
P/E ratio
59.70
P/B
5.56
Div yield
0.34%
ROE
6.23%
ROCE
9.14%
EPS (TTM)
₹6.99
Book value
₹75
52W range
208–435
Sector
Industrials
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]
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthLow
TechnicalsBullish
52-week range
−4.16% from high₹417
₹208+100.62% from low₹435
Current
₹417.30
Prev close
₹416.95
Day
+0.08%
Price performance
1D
+0.08%
1W
−0.05%
1M
+3.63%
3M
+23.68%
6M
+66.82%
1Y
+64.78%
YTD
+39.33%
Financials
FRevenue, profit & margin
P/E ratio
59.7×
BHEL is 78% above the sector median of 33.5×
BHEL59.7×
Sector median33.5×
| 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 % | -4% | -3% | 4% | 9% | -3% | 4% | 4% | 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
EResults 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 −1.49% · closed higher next day 18 of last 57
| 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% | — |
| +30 days | +45.41% | +14.12% | −2.55% | −16.19% | +12.75% | +3.20% | +7.50% | −0.10% | +16.20% | −6.59% | +4.03% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 1.40 Per Share | 1.40 | 17 Jul '26 | 17 Jul '26 |
Shareholding
Sas 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
P7 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 | ₹7,375.50 | 102.60 | 1,56,293 | 0.53% | 1,784 | −25.23% | 3,184 | +5.78% | 29.93% |
| B H E L | ₹417.30 | 59.70 | 1,45,218 | 0.34% | 377 | +182.70% | 7,698 | +40.29% | 9.14% |
| Hitachi Energy | ₹31,070.00 | 134.69 | 1,38,445 | 0.03% | 330 | +79.71% | 2,754 | +46.21% | 29.02% |
| CG Power & Ind | ₹867.70 | 107.35 | 1,36,625 | 0.15% | 308 | +16.26% | 3,281 | +13.99% | 26.71% |
| Siemens | ₹3,689.80 | 46.89 | 1,31,535 | 0.49% | 370 | −9.59% | 4,618 | +14.60% | 21.44% |
| Siemens Ener.Ind | ₹3,240.20 | 85.59 | 1,15,399 | 0.12% | 375 | +52.21% | 2,394 | +27.38% | 67.75% |
| GE Vernova T&D | ₹4,157.40 | 83.21 | 1,06,450 | 0.24% | 352 | +86.32% | 1,637 | +42.04% | 76.43% |
| Median: 44 Co. | ₹548.45 | 33.54 | 5,675 | 0.06% | 46 | +16.19% | 546 | +23.41% | 23.41% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013nseFinancial Year 2013bse
Concall transcripts20
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Jul - BHEL to meet investors in Mumbai on 24 July 2026; no presentation will be made.Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Jul - Published Financial Results for the quarter ended 30.06.2026BHEL Q1 FY2026-27 Supplementary Information 16 Jul - BHEL shared Q1 FY27 supplementary results: revenue up 40%, PAT Rs 382 crore, order inflow Rs 26,745 crore.Unaudited Financial Results For The Quarter Ended On 30 June 2026 16 JulAnnouncement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Published advertisement regarding 62nd AGM & E-voting Information