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Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Ltd

BHEL Share Price

NSE
₹436.600.54% (+2.35)
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With a market cap of ₹1,51,208 cr, stock is ranked 61

Stock is 2.76x as volatile as Nifty

BHEL Stock Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹1,51,208 cr, stock is ranked 61

Stock is 2.76x as volatile as Nifty

BHEL Performance & Key Metrics

BHEL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
52.535.780.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
42.765.650.85%

BHEL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
60%
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
86.58
86.58
1Y Return
31.75%
31.75%
Buy Reco %
30.00
30.00
PE Ratio
106.84
106.84
1Y Return
8.02%
8.02%
Buy Reco %
73.68
73.68
PE Ratio
129.81
129.81
1Y Return
64.51%
64.51%
Buy Reco %
65.00
65.00
PE Ratio
81.99
81.99
1Y Return
34.88%
34.88%
Buy Reco %
83.33
83.33
PE Ratio
130.94
130.94
1Y Return
40.28%
40.28%
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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Quarterjun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026sep 2026
Total Revenue5,595.996,711.997,403.269,152.565,671.747,700.778,708.0912,570.287,923.329,571.47
Operating & Other expensessubtract5,654.276,309.106,972.858,161.696,024.056,930.877,927.8010,557.277,193.868,274.55
Depreciation/Amortizationsubtract58.9760.0967.8885.0274.5275.4677.9987.9081.8883.08
Interest & Other Itemssubtract161.74201.38183.78201.43181.21195.21182.47197.52139.88124.77
Taxes & Other Itemssubtract-67.5935.2744.05199.97-152.54124.34129.43437.12130.99268.13
EPS-0.610.300.391.45-1.311.081.123.711.082.36

BHEL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF
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
 

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 Ltd94.495.780.32%
ABB India Ltd86.5818.430.58%
CG Power and Industrial Solutions Limited106.8415.720.16%
Hitachi Energy India Ltd129.8124.780.03%
ScreenerCompare valuation on Screener

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

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 almost stayed constant

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%11.21%10.67%9.94%10.02%

Dec 2025

Mar 2026

Jun 2026

Sep 2026

BHEL Shareholding History

BHEL Shareholding History

JunSepDec '25MarJunSep6.36%6.23%6.29%7.23%9.51%9.94%

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)
0.9482%1.77%-0.05%73/273 (0)
0.4671%1.41%0.14%63/104 (0)
0.4297%1.94%0.16%59/105 (+1)

Compare 3-month MF holding change on Screener

BHEL Insider Trades & Bulk Stock Deals

BHEL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

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 Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

BHEL has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.30%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.02 every year

Dividends

Corp. Actions

Announcements

Legal Orders

BHEL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

BHEL has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.30%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.02 every year

BHEL Upcoming Dividends

BHEL Upcoming Dividends

No upcoming dividends are available

BHEL Past Dividends

BHEL Past Dividends

Cash Dividend

Ex DateEx DateJul 17, 2026

Final
Final | Div/Share: ₹1.40

Dividend/Share

₹1.40

Ex DateEx Date

Jul 17, 2026

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

BHEL Stock News & Opinions

BHEL Stock News & Opinions

Earnings
Earnings
Bharat Heavy Electricals Ltd consolidated sales up 20.82% on year in Q3FY2026, net profit saw a strong growth of 117.92%

Bharat Heavy Electricals Ltd share price ticked higher by 4.86% to Rs 463.5 after the company's net profit surged by 117.92% to Rs 820.94 crore, while revenue from operations increased sharply by 20.82% to Rs 9300.35 crore in Q3FY26 over Q2FY26. The market capitalization of Heavy Electrical Equipment industry group stocks on BSE stood at Rs 12.77 lakh crore, declining 3.87%. It has marginally improved by 2.35% over last one week and softened by 1.89% in last one month while the market capitalization of Bharat Heavy Electricals Ltd has inched up 7.67% and 9.86% in the same period respectively. Profit before tax (PBT) of Bharat Heavy Electricals Ltd stood at Rs 1089.07 crore in Q3 FY26, jumping 118.15% year-on-year, and expanding by 114.51% quarter-on-quarter. EBITDA came in at Rs 773 crore, surging by 90.28% YoY and rallying 166.86% sequentially. Total expenses increased by 14.87% to Rs 8357.63 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 6958.44 crore, rising 19.17% YoY, while employee benefits expense was at Rs 1652.14 crore, improving by 9.68% YoY. For the TTM ended FY26, revenue from operations grew 19.21% to Rs 33782.18 crore, while net profit jumped 199.73% to Rs 1600.26 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 81917% to Rs 1534.54 crore, and PBT surged 186.83% to Rs 2138.61 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 5837.38 crore in FY26, as against Rs 2191.89 crore in FY25. Bharat Heavy Electricals Ltd soared by 99.70% in last one year, significantly outperforming the benchmark BSE Sensex which has reduced by 11.27% during the same period.

1 day agoCapital Market - Live
Earnings
Earnings
Bharat Heavy Electricals Ltd consolidated sales up 20.82% on year in Q3FY2026, net profit soared by 117.92%

Bharat Heavy Electricals Ltd share price ticked higher by 0.64% to Rs 442.0 after the company's net profit jumped 117.92% to Rs 820.94 crore, while revenue from operations increased sharply by 20.82% to Rs 9300.35 crore in Q3FY26 over Q2FY26. The market capitalization of Heavy Electrical Equipment industry group stocks on BSE stood at Rs 13.02 lakh crore, slipping 3.87%. It has slipped by 2.51% over last one week and softened by 4.96% in last one month while the market capitalization of Bharat Heavy Electricals Ltd has softened by 1.54% and 1.52% in the same period respectively. Profit before tax (PBT) of Bharat Heavy Electricals Ltd stood at Rs 1089.07 crore in Q3 FY26, rallying 118.15% year-on-year, and jumping 114.51% quarter-on-quarter. EBITDA came in at Rs 773 crore, expanding by 90.28% YoY and surging by 166.86% sequentially. Total expenses went up by 14.87% to Rs 8357.63 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 6958.44 crore, rising 19.17% YoY, while employee benefits expense was at Rs 1652.14 crore, improving by 9.68% YoY. For the TTM ended FY26, revenue from operations improved 19.21% to Rs 33782.18 crore, while net profit surged by 199.73% to Rs 1600.26 crore, compared to previous TTM. EBITDA jumped by 81917% to Rs 1534.54 crore, and PBT surged 186.83% to Rs 2138.61 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 5837.38 crore in FY26, as against Rs 2191.89 crore in FY25. Bharat Heavy Electricals Ltd rallied 88.37% in last one year, significantly outperforming the benchmark BSE Sensex which has reduced by 11.29% during the same period.

1 day agoCapital Market - Live
Corporate
Corporate
Bharat Heavy Electricals approved Rs 500 crore investment for Haridwar thermal and nuclear set facilities

Bharat Heavy Electricals Limited announced that its board of directors approved a capital investment proposal of approximately Rs 500 crore for additional facilities to manufacture thermal and nuclear sets at HEEP-Haridwar Unit, and the merger of Electrical Machines Repair Plant (EMRP), Mumbai and Electronics Division (EDN), Bengaluru into a single unit with EDN as the merged entity, effective November 1, 2026.

1 day agoCapital Market - Live
Spotlight
Spotlight
Bharat Heavy Electricals Ltd up for fifth session

Bharat Heavy Electricals Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 449.95, up 4.88% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 22719.35. The Sensex is at 72956.66, up 0.79%. Bharat Heavy Electricals Ltd has risen around 6.76% in last one month. Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has risen around 2.78% in last one month and is currently quoting at 36594.65, up 0.88% on the day. The volume in the stock stood at 147.2 lakh shares today, compared to the daily average of 67.81 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 452.75, up 5.32% on the day. Bharat Heavy Electricals Ltd is up 83.76% in last one year as compared to a 9.51% drop in NIFTY and a 4.08% drop in the Nifty Energy index.The PE of the stock is 61.7 based on TTM earnings ending June 26.

1 week agoCapital Market - Live
Corporate
Corporate
Bharat Heavy Electricals schedules board meeting to review quarterly financial results

Bharat Heavy Electricals Limited will hold a board meeting on Wednesday, October 14, 2026, to approve the unaudited financial results for the quarter ended September 30, 2026, according to a regulatory filing. Trading window for securities of Bharat Heavy Electricals Limited will be closed for “Designated Persons & their immediate relatives” of BHEL from October 1 to October 16, 2026.

2 weeks agoCapital Market - Live
Corporate
Corporate
Bharat Heavy Electricals to review quarterly results at board meeting October 14, 2026

Bharat Heavy Electricals Limited will hold a board meeting on Wednesday, October 14, 2026, to approve the unaudited financial results for the quarter ended September 30, 2026, according to a regulatory filing. Trading window for securities of Bharat Heavy Electricals Limited will be closed for “Designated Persons & their immediate relatives” of BHEL from October 1 to October 16, 2026.

2 weeks agoCapital Market - Live
Spotlight
Spotlight
Bharat Heavy Electricals Ltd eases for fifth straight session

Bharat Heavy Electricals Ltd dropped for a fifth straight session today. The stock is quoting at Rs 412.2, down 0.76% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.11% on the day, quoting at 23037.5. The Sensex is at 73588.2, up 0.01%.Bharat Heavy Electricals Ltd has eased around 0.79% in last one month.Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has eased around 2.31% in last one month and is currently quoting at 37360.95, down 0.38% on the day. The volume in the stock stood at 29.71 lakh shares today, compared to the daily average of 67.53 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 412.6, down 1.01% on the day. Bharat Heavy Electricals Ltd jumped 78.43% in last one year as compared to a 6.56% slide in NIFTY and a 6.86% spurt in the Nifty Energy index.The PE of the stock is 60.03 based on TTM earnings ending June 26.

3 weeks agoCapital Market - Live
Corporate
Corporate
Bharat Heavy Electricals appoints Chitmouj Gowri Shankar as Head of Visakhapatnam operations

Bharat Heavy Electricals Limited announced that Y Srinivasa Rao, Executive Director (HPEP), Hyderabad, has superannuated from the company’s services on September 24, 2026, and Chitmouj Gowri Shankar has been appointed as General Manager & Head (HPVP), Visakhapatnam, effective September 25, 2026, reporting to Director (IS & P).

3 weeks agoCapital Market - Live
Corporate
Corporate
BHEL and Titagarh Rail form JV to maintain Vande Bharat sleeper trains for 35 years

Bharat Heavy Electricals Limited (BHEL) has signed a Joint Venture Agreement with Titagarh Rail Systems Limited today, September 15, 2026, to form a Joint Venture Company (JVC) for comprehensive maintenance of supplied Vande Bharat Sleeper Trainsets for 35 years, with BHEL and Titagarh Rail Systems Limited holding a 50% share each. The JVC will have an initial paid-up share capital of Rs 50,00,000 and will be incorporated as a "Private Limited" Company with its registered office in Delhi.

1 month agoCapital Market - Live
Corporate
Corporate
Bharat Heavy Electricals invests Rs 65 crore in NTPC BHEL Power Projects Private Limited

Bharat Heavy Electricals Limited announced that its board approved a further equity investment of Rs 65 crore in NTPC BHEL Power Projects Private Limited (NBPPL), a joint venture with NTPC Limited, in one or more tranches. NBPPL, incorporated in April 2008, has a turnover of Rs 1.04 crore for the fiscal year 2025-26 and is involved in executing EPC contracts for power plants and manufacturing power plant equipment; the investment is intended to enable settlement of urgent liabilities and maintain NBPPL as a going concern.

1 month agoCapital Market - Live

Frequently asked questions

  1. The share price of BHEL as on 16th October 2026 is ₹436.60. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Bharat Heavy Electricals Ltd (BHEL) share are
    • Past 1 week: -3.24%
    • Past 1 month: 0.64%
    • Past 3 months: 3.90%
    • Past 6 months: 48.46%
    • Past 1 year: 84.16%
    • Past 3 years: 238.33%
    • Past 5 years: 482.10%

  3. The current dividend yield of Bharat Heavy Electricals Ltd (BHEL) is 0.32.

  4. 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 ₹151208.60 Cr as of 16th October 2026.

  5. The 52-week high of Bharat Heavy Electricals Ltd (BHEL) is ₹464 and the 52-week low is ₹229.54.

  6. The P/E (price-to-earnings) ratio of Bharat Heavy Electricals Ltd (BHEL) is 94.49. The P/B (price-to-book) ratio is 5.78.

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

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