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Bharat Heavy Electricals Ltd

BHEL Share Price

229.670.42% (+0.95)
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With a market cap of ₹79,641 cr, stock is ranked 130

Stock is 2.91x 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

High

Showing good signs of profitability & efficiency

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 ₹79,641 cr, stock is ranked 130

Stock is 2.91x as volatile as Nifty

BHEL Performance & Key Metrics

BHEL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
274.823.220.22%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
39.685.900.68%

BHEL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
44%
Analysts have suggested that investors can buy this stock

from 16 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
126.90
126.90
1Y Return
10.80%
10.80%
Buy Reco %
76.92
76.92
PE Ratio
59.43
59.43
1Y Return
31.25%
31.25%
Buy Reco %
54.55
54.55
PE Ratio
231.13
231.13
1Y Return
53.01%
53.01%
Buy Reco %
60.00
60.00
PE Ratio
117.36
117.36
1Y Return
69.59%
69.59%
Buy Reco %
100.00
100.00
PE Ratio
57.42
57.42
1Y Return
36.13%
36.13%
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

Industry refers to the sub-sector this company belongs to.
Lower than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 5.53%, vs industry avg of 10.35%

Decreasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 44.6% to 38.25%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue29,230.2229,506.7231,102.9022,053.1617,701.2521,616.0523,909.5924,503.0328,863.8028,939.55
Raw Materialssubtract13,125.8812,102.7814,982.7311,781.648,158.569,204.1510,532.6111,984.7314,965.6427,467.69
Power & Fuel Costsubtract451.55463.62496.94459.41319.57415.08487.67452.20490.64
Employee Costsubtract5,402.716,075.555,509.255,431.885,378.155,519.055,700.635,628.845,923.42
Selling & Administrative Expensessubtract1,448.061,365.751,795.591,542.871,136.641,047.141,142.851,145.121,311.68
Operating & Other expensessubtract6,953.827,166.655,624.622,380.495,364.454,197.924,457.693,972.944,248.78
Depreciation/Amortizationsubtract849.79787.33475.74503.27473.25314.12260.34248.90271.96287.51
Interest & Other Itemssubtract412.84330.17378.29612.67466.56448.13612.19827.64906.08767.80
Taxes & Other Itemssubtract128.31773.71834.64806.94-898.8224.4361.49-39.56211.70126.75
EPS1.251.202.81-4.21-7.751.281.880.811.530.83
DPS1.051.822.000.000.000.400.400.250.500.25
Payout ratio0.851.510.710.000.000.310.210.310.330.30

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

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bharat Heavy Electricals Ltd149.173.220.22%
CG Power and Industrial Solutions Ltd126.9030.630.16%
ABB India Ltd59.4315.720.84%
Hitachi Energy India Ltd231.1321.060.03%

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

Decreased 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 decreased by 1.06%

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 Holding63.17%7.50%11.00%6.36%11.97%

Sep 2024

Dec 2024

Mar 2025

Jun 2025

BHEL Shareholding History

BHEL Shareholding History

MarJunSepDec '24MarJun8.75%9.10%9.49%7.98%7.19%6.36%

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)
0.7304%0.88%-0.22%12/247 (+103)
0.5351%1.89%-0.40%47/66 (-10)
0.4750%0.99%-0.23%66/99 (-11)

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 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

Corporate
BHEL wins order of Rs 22.87 cr from Indian Railways

Bharat Heavy Electricals has received an order worth Rs 22.87 crore from Indian Railways (South Western Railway) for design, development, supply, installation, trial and commissioning of On-board KAVACH equipment in locomotives and trackside KAVACH equipment at station/LC/IB/ABS locations along with associated works. Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
BHEL rises after signing 10-year exclusive pact with Singapore-based Horizon Fuel Cell Technologies

Under this 10-year agreement, the two companies will collaborate on the development of hydrogen fuel cell-based rolling stock, with a focus on business sharing and joint operations. The partnership is aimed at enabling BHEL's entry into a new market segment. 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's consolidated net loss widened to Rs 445.50 crore in Q1 FY26 compared with a net loss of Rs 211.40 crore in Q1 FY25. Revenue from operations saw a marginal year-on-year (YoY) increase of 0.03%, reaching Rs 5,486.91 crore in the quarter ended 30 June 2025. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
BHEL inks exclusive MOU with Horizon Fuel Cell Technologies

Under this 10-year agreement, the two companies will collaborate on the development of hydrogen fuel cell-based rolling stock, with a focus on business sharing and joint operations. The partnership is aimed at enabling BHEL's entry into a new market segment. 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's consolidated net loss widened to Rs 445.50 crore in Q1 FY26 compared with a net loss of Rs 211.40 crore in Q1 FY25. Revenue from operations saw a marginal year-on-year (YoY) increase of 0.03%, reaching Rs 5,486.91 crore in the quarter ended 30 June 2025. The scrip had advanced 0.62% to end at Rs 212.40 on the BSE on Friday. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
BHEL bags Rs 2,600-cr equipment supply order from MB Power

The scope of the LoI includes the supply of a boiler, turbine, generator, and associated auxiliaries, along with control and instrumentation. The project will be based on supercritical technology. The boiler will be manufactured at BHEL's Trichy plant, while the turbine generator will be produced at the company's Haridwar facility. The supply is scheduled to be completed in 58 months. 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's consolidated net loss widened to Rs 445.50 crore in Q1 FY26 compared with a net loss of Rs 211.40 crore in Q1 FY25. Revenue from operations saw a marginal year-on-year (YoY) increase of 0.03%, reaching Rs 5,486.91 crore in the quarter ended 30 June 2025. Shares of Bharat Heavy Electricals (BHEL) rose 0.32% to Rs 217.60 on the BSE.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
BHEL acquires technology from Defence Metallurgical Research Laboratory

Bharat Heavy Electricals (BHEL) has signed a License Agreement for Transfer of Technology (LAToT) with Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a research laboratory of the Defence Research and Development Organisation (DRDO). The agreement pertains to transfer of technology for manufacture of Fused Silica Radar Domes by Cold Isostatic Pressing and Sintering Route. DMRL, with its proven expertise in high temperature alloys and advanced ceramics, has transferred this critical technology to BHEL. The Fused Silica Radar Domes Technology acquired from DMRL shall help BHEL to indigenously manufacture radar domes - a key component for seeker-based guidance in India's missile programmes - strengthening India's self-reliance in strategic defence systems.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
BHEL tanks after Q1 net loss widens to Rs 445 cr

Revenue from operations saw a marginal year-on-year (YoY) increase of 0.03%, reaching Rs 5,486.91 crore in the quarter ended 30 June 2025. The firm reported a pre-tax loss of Rs 608.04 crore in Q1 FY26, significantly widening from the pre-tax loss of Rs 278.99 crore recorded in Q1 FY25. Total expenses increased 6.89% YoY to Rs 6,279.78 crore in the June 2025 quarter. The cost of materials & services stood at Rs 4,127.98 crore (up 10.81%), while employee benefits expenses were at Rs 1.92 crore (up 1.92% YoY) during the period under review. On the segmental front, revenue from the power business stood at Rs 3,898.36 crore (down 5.55% YoY) and revenue from industry stood at Rs 1,588.32 crore (up 17.04% YoY) during the period under review. 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. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Bharat Heavy Electricals reports consolidated net loss of Rs 455.50 crore in the June 2025 quarter

Net Loss of Bharat Heavy Electricals reported to Rs 455.50 crore in the quarter ended June 2025 as against net loss of Rs 211.40 crore during the previous quarter ended June 2024. Sales rose 0.04% to Rs 5486.91 crore in the quarter ended June 2025 as against Rs 5484.92 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales5486.915484.92 0 OPM %-9.79-3.09 - PBDT-533.52-220.02 -142 PBT-608.04-278.99 -118 NP-455.50-211.40 -115 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
BHEL fixes record date for dividend

Bharat Heavy Electricals has fixed 01 August 2025 as record date for he purpose of determining the eligibility of the members to receive final dividend of Rs. 0.50 per share (i.e. @ 25% on the paid up equity share capital) for the year 2024-25. The dividend, if approved, shall be paid on or before 17 September 2025. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Bharat Heavy Electricals to conduct board meeting

Bharat Heavy Electricals will hold a meeting of the Board of Directors of the Company on 6 August 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
BHEL bags LoA for Rs 6,500 crore thermal project from Adani Power

As per the terms of the contract, the company would supply the equipment (steam turbine generator along with auxiliaries) and supervise the erection & commissioning for six thermal units. The total value of these contracts is Rs 6,500 crore, the company stated. Navratna PSU Bharat Heavy Electricals (BHEL) is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 March 2025, the Government of India held a 63.17% stake in the company. The scrip shed 0.21% to end at Rs 264.05 on the BSE yesterday. 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 15th September 2025 is ₹229.67. 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: 6.73%
    • Past 1 month: 1.69%
    • Past 3 months: -9.42%
    • Past 6 months: 17.52%
    • Past 1 year: -14.78%
    • Past 3 years: 272.24%
    • Past 5 years: 538.86%

  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 0.22.

  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 ₹79641.75 Cr as of 15th September 2025.

  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 ₹291.10 and the 52-week low is ₹176.

  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 149.17. The P/B (price-to-book) ratio is 3.22.

  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.