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Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Ltd

BHEL Share Price

NSE
287.771.07% (+3.06)
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With a market cap of ₹88,043 cr, stock is ranked 112

Stock is 2.57x as volatile as Nifty

BHEL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹88,043 cr, stock is ranked 112

Stock is 2.57x as volatile as Nifty

BHEL Performance & Key Metrics

BHEL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
108.133.560.20%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
37.355.520.74%

BHEL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
53%
Analysts have suggested that investors can buy this stock

from 15 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

BHEL Company Profile

Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company engaged in the designing and manufacturing of a range of products and services for various sectors, such as power, transmission, industry, transportation etc.

BHEL Similar Stocks (Peers)

Compare with peers Compare with peers 

BHEL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
76.74
76.74
1Y Return
30.15%
30.15%
Buy Reco %
50.00
50.00
PE Ratio
281.55
281.55
1Y Return
125.27%
125.27%
Buy Reco %
75.00
75.00
PE Ratio
107.32
107.32
1Y Return
21.53%
21.53%
Buy Reco %
73.33
73.33
PE Ratio
145.67
145.67
1Y Return
194.29%
194.29%
Buy Reco %
80.00
80.00
PE Ratio
77.36
77.36
1Y Return
65.46%
65.46%
Buy Reco %
100.00
100.00
Compare with Peers

BHEL Sentiment Analysis

BHEL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

BHEL Stock Summary · May 2024

BHEL is poised for growth, driven by a robust order book of approximately Rs. 78,000 crores and strategic diversification into sectors like defense and battery energy storage. However, the company faces execution challenges, particularly with major projects like the Vande Bharat train, which may strain liquidity due to delayed revenue recognition. While market sentiment remains cautiously optimistic, concerns about cash flow persist, exacerbated by a shift towards milestone-linked payments and a decline in net cash from operations. Efforts to enhance vendor engagement and improve operational efficiency are underway, aiming to mitigate supply chain disruptions and capitalize on emerging market opportunities. Overall, BHEL's commitment to innovation and strategic partnerships positions it well for future growth, despite the complexities of managing legacy orders and market dynamics.

BHEL Stock Growth Drivers
BHEL Stock Growth Drivers
6
  • Strong Order Book and Financial Performance

    Bharat Heavy Electricals Limited (BHEL) achieved its highest-ever order book of approximately Rs. 78,000 crores

  • Diversification and Strategic Partnerships

    BHEL is actively pursuing diversification efforts and strategic partnerships to explore new business opportunities. This

BHEL Stock Challenges
BHEL Stock Challenges
5
  • Declining Gross Margins

    The company has experienced a consistent decline in gross margins over the past seven years,

  • Cash Flow Challenges

    There has been a significant decline in net cash from operating activities, dropping to (-3,712)

BHEL Forecast

BHEL Forecasts

Price

Revenue

Earnings

BHEL

BHEL

Income

Balance Sheet

Cash Flow

BHEL Income Statement

BHEL Income Statement

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Quartersep 2023dec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025
Total Revenue5,317.335,621.968,430.435,595.996,711.997,403.269,152.565,671.747,700.778,708.09
Operating & Other expensessubtract5,279.005,287.267,532.395,654.276,309.106,972.858,161.696,024.056,930.877,927.80
Depreciation/Amortizationsubtract59.9160.6068.4058.9760.0967.8885.0274.5275.4677.99
Interest & Other Itemssubtract180.41189.60193.32161.74201.38183.78201.43181.21195.21182.47
Taxes & Other Itemssubtract-138.9824.18146.70-67.5935.2744.05199.97-152.54124.34129.43
EPS-0.180.171.41-0.610.300.391.45-1.311.081.12

BHEL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual report

PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

Feb 13PDF
Feb 10PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
 

BHEL Stock Peers

BHEL Past Performance & Peer Comparison

BHEL Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bharat Heavy Electricals Ltd164.913.560.20%
ABB India Ltd76.7418.090.65%
Hitachi Energy India Ltd281.5525.650.02%
CG Power and Industrial Solutions Ltd107.3225.900.19%

BHEL Stock Price Comparison

Compare BHEL with any stock or ETF
Compare BHEL with any stock or ETF
BHEL
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BHEL Holdings

BHEL Shareholdings

BHEL Promoter Holdings Trend

BHEL Promoter Holdings Trend

Decreased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 5.00%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

BHEL Institutional Holdings Trend

BHEL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

BHEL Shareholding Pattern

BHEL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.17%12.88%11.10%7.23%10.62%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

BHEL Shareholding History

BHEL Shareholding History

Dec '24MarJunSepDec '25Mar7.98%7.19%6.36%6.23%6.29%7.23%

Mutual Funds Invested in BHEL

Mutual Funds Invested in BHEL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Bharat Heavy Electricals Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.9064%1.29%0.05%69/263 (+28)
0.8365%3.58%-0.12%36/66 (0)
0.5855%1.30%0.06%64/103 (+2)

Compare 3-month MF holding change on Screener

BHEL Insider Trades & Bulk Stock Deals

BHEL Insider Trades & Bulk Stock Deals

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smallcases containing BHEL stock

smallcases containing BHEL stock

Looks like this stock is not in any smallcase yet.

BHEL Events

BHEL Events

BHEL Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

BHEL Dividend Trend

No dividend trend available

BHEL Upcoming Dividends

BHEL Upcoming Dividends

No upcoming dividends are available

BHEL Past Dividends

BHEL Past Dividends

Cash Dividend

Ex DateEx DateAug 1, 2025

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Aug 1, 2025

Cash Dividend

Ex DateEx DateAug 9, 2024

Final
Final | Div/Share: ₹0.25

Dividend/Share

0.25

Ex DateEx Date

Aug 9, 2024

Cash Dividend

Ex DateEx DateAug 11, 2023

Final
Final | Div/Share: ₹0.40

Dividend/Share

0.40

Ex DateEx Date

Aug 11, 2023

Cash Dividend

Ex DateEx DateSep 15, 2022

Final
Final | Div/Share: ₹0.40

Dividend/Share

0.40

Ex DateEx Date

Sep 15, 2022

Cash Dividend

Ex DateEx DateSep 11, 2019

Final
Final | Div/Share: ₹1.20

Dividend/Share

1.20

Ex DateEx Date

Sep 11, 2019

BHEL Stock News & Opinions

BHEL Stock News & Opinions

Spotlight
BHEL rallies after signing TCA to strengthen excitation systems business

The agreement covers Static Excitation Systems (SES) and Brushless Excitation Systems (AVR), strengthening the company's technological capabilities in this segment. Under said TCA, the company will design, engineer, manufacture, install, commission, service, test and retrofit both static and brushless excitation systems for domestic as well as international markets. The TCA would also enable the company to maintain its competitive edge and strengthen capabilities to cater excitation system business for synchronous machines and contribute to the Government's 'Make in India' initiative. The financial terms and other commercial details of the agreement have not been disclosed. Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. BHEL is the flagship engineering and manufacturing enterprise of India and is owned and operated by the Government of India. The company's consolidated net profit surged 189.82% to Rs 390.40 crore while revenue from operations rose 16.43% to Rs 8,473.10 crore in Q3 December 2025 over Q3 December 2024.

4 days agoCapital Market - Live
Corporate
BHEL signs technology collaboration agreement with Korea-based E2S Company

Bharat Heavy Electricals (BHEL) has signed a technology collaboration agreement (TCA) for excitation system for synchronous machines with Korea-based E2S Company. This TCA would help BHEL to design, engineer, manufacture, install, commission, service, test, retrofit and sale of both static & brushless excitation systems in India and in overseas territories. The TCA would also enable BHEL to maintain its competitive edge and strengthen BHEL's capabilities to cater excitation system business for synchronous machines and contribute to the Government's 'Make in India' initiative.

4 days agoCapital Market - Live
Spotlight
Bharat Heavy Electricals Ltd up for third straight session

Bharat Heavy Electricals Ltd is up for a third straight session today. The stock is quoting at Rs 279.3, up 5.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.79% on the day, quoting at 23807.15. The Sensex is at 76773.35, down 1.02%. Bharat Heavy Electricals Ltd has gained around 7.98% in last one month. Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has gained around 2.06% in last one month and is currently quoting at 36469.2, up 0.85% on the day. The volume in the stock stood at 198.11 lakh shares today, compared to the daily average of 103.49 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 280.17, up 4.84% on the day. Bharat Heavy Electricals Ltd is up 31.15% in last one year as compared to a 4.29% jump in NIFTY and a 13.48% jump in the Nifty Energy index.The PE of the stock is 115.57 based on TTM earnings ending December 25.

4 days agoCapital Market - Live
Corporate
BHEL receives ratings action from India Ratings & Research

Bharat Heavy Electricals announced that India Ratings & Research has reviewed and revised the outlook for the company's bank facilities of Rs 80,000 crore from Stable to Positive while re-affirming long term rating at IND AA-. The short term rating on bank facilities is IND A1+. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
BHEL secures NTPC's Rs 13,500 cr Telangana thermal project

Bharat Heavy Electricals (BHEL) has received a Notification of Award (NOA) from NTPC for 3x800 MW Telangana Stage-II supercritical thermal power project (District: Peddapalli, Telangana)(Main Plant Package). The Rs 13,500 crore project entails design, engineering, manufacturing, supply, erection, commissioning, and testing of the main plant package (Boiler, Turbine & Generator), including civil and structural works.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
BHEL secures thermal power project worth Rs 13,500-cr from NTPC

The contract covers the 3x800 MW Stage-II main plant package, including design, engineering, supply, erection, testing, and commissioning of the boiler, turbine, and generator, along with civil and structural works. The contract value stands at Rs 13,500 crore, excluding GST The project is expected to be completed within 62 months from the date of the notification of award Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. BHEL is the flagship engineering and manufacturing enterprise of India and is owned and operated by the Government of India. The company's consolidated net profit surged 189.82% to Rs 390.40 crore while revenue from operations rose 16.43% to Rs 8,473.10 crore in Q3 December 2025 over Q3 December 2024. The scrip shed 0.57% to Rs 253.45 on the BSE.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
BHEL secures Rs 1,500-cr CPP package order from SAIL

According to an exchange filing, the order encompasses the design, engineering, manufacture, supply, transportation, unloading, storage, erection, commissioning, and performance guarantee testing of the CPP package on a turnkey basis. The scope of work excludes civil works. The project is scheduled to be commissioned within 39 months from the effective date of the contract. The order is considered significant for the industry and is valued in the range of Rs 1,200 crore to Rs 1,500 crore. BHEL clarified that none of its promoters or promoter group entities have any interest in the awarding authority. The company also stated that the transaction does not fall under related-party transactions as per applicable regulatory norms. Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. BHEL is the flagship engineering and manufacturing enterprise of India and is owned and operated by the Government of India. Steel Authority of India (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive, and defense industries, as well as for export markets. Shares of Bharat Heavy Electricals (BHEL) rose 0.48% to Rs 264.05, while Steel Authority of India advanced 1.87% to Rs 160.30 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
BHEL receives LoA from Steel Authority of India

Bharat Heavy Electricals (BHEL) has received a Letter of Acceptance from Steel Authority of India (SAIL) for design, engineering, manufacture, supply, transportation, unloading, storage, erection, commissioning and performance guarantee test for captive power plant package on turnkey basis excluding civil work. The order is valued between Rs 1200 crore to Rs 1500 crore. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
BHEL tumbles after Government launches OFS to pare up to 5% stake

The Government of India, the company's promoter, is offering a base lot of 10.44 crore shares, representing 3.00% of the company's equity. The offer includes an oversubscription option for an additional 6.96 crore shares or 0.79% stake, taking the total potential divestment to 17.4 crore shares, or 5.00% stake. The floor price has been set at Rs 254 per share, a discount of 7.99% to the stock's previous close of Rs 276.05 on January 27, 2026. The OFS opened on February 11 for non-retail investors. Retail investors can participate on February 12, along with non-retail bidders carrying forward unallotted bids. The offer is being conducted through a special window on the BSE and NSE during market hours. By 2:00 p.m. on T Day, the non-retail portion was subscribed 12.99% of the base offer size. Bids were received for 1.22 crore shares against 9.40 crore shares on base non-retail offer. As of December 2025, the Government of India held a 63.17% stake in Bharat Heavy Electricals. Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. BHEL is the flagship engineering and manufacturing enterprise of India and is owned and operated by the Government of India. The company's consolidated net profit surged 189.82% to Rs 390.40 crore while revenue from operations rose 16.43% to Rs 8,473.10 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Bharat Heavy Electricals secures work order of Rs 2,800 cr

Bharat Heavy Electricals (BHEL) has received a Letter of Acceptance from Bharat Coal Gasification and Chemicals (BCGCL), a joint venture company of BHEL and Coal India (CIL). The contract is for Design, Engineering, Supply of equipment, Civil works, Erection, Commissioning and O&M Services for Syngas Purification Plant (LSTK 2 Package) of BCGCL's Coal to 2000 TPD Ammonium Nitrate Project at Lakhanpur, Jharsuguda District, Odisha, India. The contract is valued at approximately Rs 2,800 crore. Powered by Capital Market - Live

2 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Bharat Heavy Electricals Ltd (BHEL) today?

    The share price of BHEL as on 13th April 2026 is ₹287.77. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Bharat Heavy Electricals Ltd (BHEL) share?

    The past returns of Bharat Heavy Electricals Ltd (BHEL) share are
    • Past 1 week: 15.25%
    • Past 1 month: 6.96%
    • Past 3 months: 8.37%
    • Past 6 months: 22.53%
    • Past 1 year: 29.74%
    • Past 3 years: 300.79%
    • Past 5 years: 518.20%

  3. What are the peers or stocks similar to Bharat Heavy Electricals Ltd (BHEL)?
  4. What is the dividend yield % of Bharat Heavy Electricals Ltd (BHEL) share?

    The current dividend yield of Bharat Heavy Electricals Ltd (BHEL) is 0.20.

  5. What is the market cap of Bharat Heavy Electricals Ltd (BHEL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Bharat Heavy Electricals Ltd (BHEL) is ₹88043.97 Cr as of 13th April 2026.

  6. What is the 52 week high and low of Bharat Heavy Electricals Ltd (BHEL) share?

    The 52-week high of Bharat Heavy Electricals Ltd (BHEL) is ₹305.90 and the 52-week low is ₹205.12.

  7. What is the PE and PB ratio of Bharat Heavy Electricals Ltd (BHEL) stock?

    The P/E (price-to-earnings) ratio of Bharat Heavy Electricals Ltd (BHEL) is 164.91. The P/B (price-to-book) ratio is 3.56.

  8. Which sector does Bharat Heavy Electricals Ltd (BHEL) belong to?

    Bharat Heavy Electricals Ltd (BHEL) belongs to the Industrials sector & Heavy Electrical Equipments sub-sector.

  9. How to buy Bharat Heavy Electricals Ltd (BHEL) shares?

    You can directly buy Bharat Heavy Electricals Ltd (BHEL) shares on Tickertape. Simply sign up, connect your demat account and place your order.