BHEL

Bharat Heavy Electricals Ltd.

NSE: BHEL

BSE: 500103

Sector: Capital Goods

Industry Group: Electrical Equipment

Industry: Heavy Electrical Equipment

401.95-12.0 (-2.90%)

2 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

69.6 / 100

Value Score

24.2 / 100

Price Momentum Score

95.4 / 100

QVM Score

75.6 / 100

Key Metrics

Market Cap

1,39,962 Cr

P/E (TTM)

87.46

P/B

5.35

P/S (TTM)

4.14

EV/EBITDA

58.04

CAPE (5Y)

209.44

ROE (TTM)

6.29

ROCE (TTM)

5.95

ROA (TTM)

2.22

Avg 3Y ROE

3.18

Earnings 3Y CAGR

49.71

Sales 3Y CAGR

13.08

Sales 5Y CAGR

14.31

Debt/Equity

0.31

Consensus TP

343.00

Strong Buy %

15.79

Promoter Holding

58.17

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Bharat Heavy Electricals Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 95.4 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

95.4 / 100

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 200.01% for 12-month ended 31 Mar 2026 and the growth was 163.7 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.31 as on 31 Mar 2026 and Debt to Equity decreased marginally by 0.05 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 89.7 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

89.7 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 4 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 87.46 indicates that the stock is expensive on a standalone basis and is at a 134.16% premium to industry median P/E

What is P/E Ratio?

Median: 37.35

Value 87.46

6.55163.55

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -4.58% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Moderate revenue growth but lower than median growth of industry

The company delivered moderate revenue growth of 19.21% for 12-month ended 31 Mar 2026 but the growth was 5.03 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 24.24

Value 19.21

-46.31954.87

Low dividend yield

The company has a low dividend yield of 0.12%

What is Dividend yield?

Neutral

Low ROE but improving trend

The company reported low ROE of 6.29% for 12-month ended 31 Mar 2026 but ROE improved by 411 bps from 1 year ago

What is ROE (FY)?

Low operating margin but improving trend

The company reported low operating margin of 6.0% for 12-month ended 31 Mar 2026 but operating margin improved by 257 bps from 1 year ago

What is Operating profit margin?

Financial Snapshot

See detailed analysis

Multi-year trends for Bharat Heavy Electricals Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Bharat Heavy Electricals Ltd. Shareholding Pattern

Quarterly breakdown of Bharat Heavy Electricals Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	58.17
Indian Promoter	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	63.17	58.17
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	27.17	23.23	19.82	17.85	16.96	17.06	18.04	17.66	16.66	16.81	19.26	23.20	24.07	24.11	23.22	24.61	24.69	24.12	24.17	23.47	23.54	24.81	24.85	25.98	31.21
Mutual Funds / UTI	5.62	5.87	4.27	2.21	1.33	1.21	1.73	1.89	1.57	1.50	3.01	3.20	4.02	4.64	4.57	6.27	5.75	5.36	5.82	6.37	6.09	7.50	7.64	8.84	12.88
FI/Bank/Insurance	12.19	12.27	11.30	11.30	11.17	11.18	12.00	11.91	11.10	11.09	11.44	11.25	11.24	11.50	11.23	10.87	9.73	9.09	8.42	8.40	8.77	8.98	9.15	8.36	8.76
Govt	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	9.36	5.09	4.24	4.34	4.47	4.67	4.31	3.86	4.00	4.22	4.81	8.48	8.58	7.77	7.23	7.04	8.76	9.10	9.48	7.98	7.19	6.36	6.23	6.28	7.23
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.26	0.24	0.22	0.19	0.44	0.47	0.58	0.45	0.72	1.48	1.97	1.83	2.50	2.35
Non-Institution	9.66	13.60	17.01	18.98	19.87	19.76	18.79	19.17	20.17	20.02	17.57	13.64	12.76	12.71	13.61	12.22	12.13	12.70	12.66	13.36	13.29	12.02	11.98	10.85	10.62
Bodies Corporate	0.80	1.37	0.68	0.67	0.91	0.70	0.70	0.79	0.87	0.85	0.75	0.89	0.69	0.79	0.81	0.68	0.63	0.57	0.50	0.52	0.50	0.38	0.37	0.37	0.43
Others (incl. Retail) No. of shareholders	8.86 5,82,178	12.23 7,21,956	16.33 8,32,735	18.31 8,46,598	18.96 9,84,288	19.06 11,44,421	18.09 11,36,255	18.38 12,02,182	19.30 12,79,220	19.17 12,85,263	16.82 11,89,846	12.75 10,25,658	12.07 10,14,753	11.92 10,10,433	12.80 12,25,114	11.54 12,62,896	11.50 14,96,270	12.13 18,77,553	12.16 19,92,130	12.84 20,79,732	12.79 21,17,349	11.64 19,80,195	11.61 19,58,631	10.48 17,88,921	10.19 17,52,111

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Heavy Electrical Equipment	12.27%	4 / 20
2	Nifty Midcap 50	2.72%	6 / 50
3	Nifty Midcap 100	1.83%	7 / 100
4	Nifty Midcap 150	1.52%	7 / 149
5	NIFTY Large Midcap 250	0.79%	20 / 250
6	Nifty 500	0.31%	69 / 499
7	Nifty Total Market	0.3%	69 / 749

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Bharat Heavy Electricals Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
President of India acting through Ministry of Heavy Industries GOI Promoter	February-2026	Market Sale (Disposal) 13th Feb 2026	63.17 %	₹ 256.59	17.42 cr	₹ 4470.06 cr

Corporate Actions

History of Bharat Heavy Electricals Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 1.40/share
Record date: 17th Jul 2026Ex-date: 17th Jul 2026
Announced on: 4th May 2026
Dividend₹ 0.50/share
Record date: 1st Aug 2025Ex-date: 1st Aug 2025
Announced on: 16th May 2025
Dividend₹ 0.25/share
Record date: 9th Aug 2024Ex-date: 9th Aug 2024
Announced on: 21st May 2024
Dividend₹ 0.40/share
Record date: 11th Aug 2023Ex-date: 11th Aug 2023
Announced on: 26th May 2023
Dividend₹ 0.40/share
Record date: 16th Sep 2022Ex-date: 15th Sep 2022
Announced on: 21st May 2022

Company Profile

Overview of Bharat Heavy Electricals Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Bharat Heavy Electricals Limited is an engineering and manufacturing company. The Company offers comprehensive portfolio of products, systems and services in the areas of power-thermal, hydro, gas, nuclear & solar PV; transmission; transportation; defence & aerospace; oil & gas and areas like batter...

Key personnel

Dr. Yogesh R. Chhabra

Compliance Officer, Company Secretary

Shri. Heeralal Bharani

General Manager - (Corp HSE), Noida

Shri. Sanjay Guha

General Manager & Head (PMG), PS-BG I, Noida

Shri. Ajay Kumar

General Manager, Head (PEM & CPC), Noida

Shri. Dipesh Palit

General Manager and Head (PS-TS), Noida

Shri. V. Shrinivas

General Manager, Head (HBG), PS-BG II, Noida

Shri. Pradeep Kumar Upadhyay

General Manager and Head (HEP), Bhopal

Shri. Koppu Sadashiv MurthyD

Chairman of the Board, Managing Director

View all

Incorporated on

13 Nov 1964

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

03 Nov 1994

Free Float

1,40,18,34,523

Website

http://www.bhel.com/

Phone no.

+911166337000

Address

BHEL HOUSE SIRI FORT, , 110049, India

Frequently Asked Questions

What is the current share price of Bharat Heavy Electricals Ltd.?

The current share price of Bharat Heavy Electricals Ltd. is ₹ 401.95 as of 2 Jul 2026.

What is the market capitalisation of Bharat Heavy Electricals Ltd.?

The market capitalisation of Bharat Heavy Electricals Ltd. stands at ₹ 1,39,962.00 Cr.

What is the PE ratio of Bharat Heavy Electricals Ltd.?

The Price-to-Earnings (PE) ratio of Bharat Heavy Electricals Ltd. is 87.46 as of the latest trailing twelve months data.

What is the ROE and ROCE of Bharat Heavy Electricals Ltd.?

Bharat Heavy Electricals Ltd. has a Return on Equity (ROE) of 6.29% and a Return on Capital Employed (ROCE) of 5.95% as per the latest financial reports.

What is the 52-week high and low of Bharat Heavy Electricals Ltd.?

The 52-week high of Bharat Heavy Electricals Ltd. is - and the 52-week low is -.

What is the dividend yield of Bharat Heavy Electricals Ltd.?

The dividend yield of Bharat Heavy Electricals Ltd. is 0.12% based on the current market price.

What is the FII and DII holding in Bharat Heavy Electricals Ltd.?

Foreign Institutional Investors (FII) hold 7.23%, Domestic Institutional Investors (DII) hold 21.64% and retail/public investors hold 10.19% of Bharat Heavy Electricals Ltd. shares.

What sector does Bharat Heavy Electricals Ltd. belong to?

Bharat Heavy Electricals Ltd. operates in the Capital Goods sector. 36.84% of analysts have a Buy or Strong Buy rating on Bharat Heavy Electricals Ltd. with a consensus target price of ₹ 343.00, implying 14.67% downside from current levels.

What is the beta of Bharat Heavy Electricals Ltd.?

The beta of Bharat Heavy Electricals Ltd. is 1.26, indicating its price volatility relative to the broader market. Over the past 1 year, Bharat Heavy Electricals Ltd. has delivered an absolute return of 54.63%.

What is the RSI of Bharat Heavy Electricals Ltd.?

The 14-day Relative Strength Index (RSI) of Bharat Heavy Electricals Ltd. is 52.62, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Bharat Heavy Electricals Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Bharat Heavy Electricals Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Company Profile

Stock Analysis

Holdings and Presence

Corporate Actions