	C 2012 Mar 31	C 2013 Mar 31	C 2014 Mar 31	C 2015 Mar 31	R 2016 Mar 31	C 2017 Mar 31	C 2018 Mar 31	R 2019 Mar 31	C 2020 Mar 31	2021 Mar 31	2022 Mar 31	R 2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Total Revenue	48,355	48,916	39,569	30,848	26,679	28,477	28,827	30,441	21,463	17,309	21,211	23,365	23,893	28,339	33,782
Cost of Operating Revenue	29,517	29,863	25,176	19,671	18,109	19,301	18,288	19,761	15,347	12,966	15,812	17,347	17,831	19,954	23,299
Gross Profit	18,838	19,053	14,393	11,176	8,570	9,176	10,539	10,681	6,116	4,343	5,399	6,018	6,062	8,385	10,483
Gross Margin	39.0	39.0	36.4	36.2	32.1	32.2	36.6	35.1	28.5	25.1	25.5	25.8	25.4	29.6	31.0
Total Operating Expenses	39,196	40,390	35,981	29,411	28,972	28,000	28,166	28,856	22,639	20,984	20,866	23,132	23,632	27,496	31,756
Operating Profit	9,159	8,525	3,588	1,437	-2,294	477	662	1,586	-1,176	-3,675	345	233	260	843	2,026
Operating Margin	18.9	17.4	9.1	4.7	-8.6	1.7	2.3	5.2	-5.5	-21.2	1.6	1.0	1.1	3.0	6.0
Financing Income/(Expense) - Net	883	678	1,185	370	819	77	892	395	442	14	28	385	-133	-205	-756
Profit before Taxes	10,367	9,531	5,078	2,187	-1,161	586	1,215	1,840	-659	-3,596	470	716	243	746	2,139
Income Taxes	3,280	2,838	1,575	737	-456	130	777	837	809	-896	26	61	-40	212	538
Profit after Tax	7,087	6,693	3,503	1,452	-704	457	441	1,005	-1,466	-2,697	446	654	282	534	1,600
PAT Margin	14.7	13.7	8.9	4.7	-2.6	1.6	1.5	3.3	-6.8	-15.6	2.1	2.8	1.2	1.9	4.7
EPS - Basic - ex Extraordinary Items	19.30	18.23	9.54	3.96	-1.92	1.25	1.20	2.77	-4.21	-7.75	1.28	1.88	0.81	1.53	4.60
EPS - Diluted - ex Extraordinary Items	19.30	18.23	9.54	3.96	-1.92	1.25	1.20	2.77	-4.21	-7.75	1.28	1.88	0.81	1.53	4.60
EBIT	9,159	8,525	3,588	1,437	-2,294	477	662	1,586	-1,176	-3,675	345	233	260	843	2,026
EBITDA	9,965	9,483	4,580	2,519	-1,357	1,327	1,449	2,061	-672	-3,202	660	493	509	1,115	2,342
EBITDA Margin	20.6	19.4	11.6	8.2	-5.1	4.7	5.0	6.8	-3.1	-18.5	3.1	2.1	2.1	3.9	6.9

Balance Sheet

Abridged

Understanding Balance Sheet

Bharat Heavy Electricals Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	C 2012 Mar 31	R 2013 Mar 31	R 2014 Mar 31	R 2015 Mar 31	R 2016 Mar 31	2017 Mar 31	R 2018 Mar 31	R 2019 Mar 31	R 2020 Mar 31	2021 Mar 31	2022 Mar 31	R 2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Source:	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	PRESS
Total Current Assets	49,219	51,411	52,395	46,970	45,140	42,904	42,143	38,381	32,711	28,343	27,862	29,095	34,546	42,760	51,455
Long-Term Investments	6	6	6	10	7	4	20	3	3	4	8	3	1	0	259
Property Plant & Equipment - Net	5,935	6,765	7,471	4,489	4,141	3,656	3,176	3,111	3,045	2,832	2,759	2,753	2,793	3,024	3,332
Total Non-Current Assets	18,211	20,342	22,849	19,902	20,181	18,443	21,330	25,553	27,037	26,897	28,382	27,826	24,460	25,323	24,730
Total Assets	67,430	71,753	75,244	66,872	65,320	61,347	63,474	63,934	59,749	55,240	56,244	56,920	59,006	68,083	76,186
Total Current Liabilities	29,142	28,197	25,998	21,902	20,741	20,143	21,868	23,055	22,608	20,360	21,371	23,480	25,333	28,226	32,302
Long Term Debt	282	1,233	1,961	61	126	90	57	95	75	53	35	34	24	162	168
Total Non-Current Liabilities	12,881	13,002	16,072	11,691	12,265	8,817	9,275	9,982	8,488	8,883	8,347	9,042	9,195	15,084	17,737
Total Liabilities	42,022	41,200	42,070	33,592	33,006	28,960	31,143	33,037	31,097	29,243	29,718	32,522	34,527	43,310	50,039
Total Shareholders' Equity	25,403	30,548	33,170	33,277	32,314	32,389	32,335	30,904	28,661	26,009	26,526	24,398	24,478	24,773	26,147
Minority Interest	5	5	4	2	1	-1	-4	-7	-9	-12	-	-	-	-	-
Total Equity	25,408	30,553	33,174	33,280	32,315	32,388	32,331	30,898	28,652	25,997	26,526	24,398	24,478	24,773	26,147
Total Liabilities & Equity	67,430	71,753	75,244	66,872	65,320	61,347	63,474	63,934	59,749	55,240	56,244	56,920	59,006	68,083	76,186

Cash Flow

Abridged

Understanding Cash Flow Statement

Bharat Heavy Electricals Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2012 Mar 31	R 2013 Mar 31	2014 Mar 31	2015 Mar 31	R 2016 Mar 31	R 2017 Mar 31	2018 Mar 31	R 2019 Mar 31	C 2020 Mar 31	2021 Mar 31	2022 Mar 31	R 2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Operating CF bef Changes in Working Cap	8,768	8,112	5,563	3,464	1,848	2,508	4,913	4,227	-43	-1,957	137	-55	-462	133	1,694
Working Capital - Increase/(Decrease)	-8,523	-5,893	-569	-1,825	-670	-1,375	-3,271	-7,589	-2,616	2,628	589	-797	-3,445	1,729	4,084
Net CF from Operating Activities	245	2,219	4,993	1,640	1,177	1,133	1,642	-3,362	-2,658	671	725	-852	-3,907	1,863	5,778
Capital Expenditures - Net	1,583	1,726	1,371	277	553	333	270	424	385	248	162	181	224	268	576
Net CF from Investing Activities	-1,578	-1,695	-1,479	-277	-805	-1,202	271	1,310	1,332	-387	-1,383	1,230	932	-3,103	-3,685
Dividends Paid - Cash - Total	1,819	1,674	1,335	614	183	294	485	787	505	1	0	139	139	87	175
Stock - Issuance/(Retirement) - Net	-	-	-	-	-	-	-	-1,637	-	-	-	-	-	-	-
Debt - LT & ST - Issuance/(Retirement) - Total	180	2,267	1,990	-2,806	86	-50	-46	2,502	2,438	-160	-136	590	3,389	-68	-922
Net Cash Flow from Financing Activities	-1,639	594	653	-3,434	-97	-404	-629	79	1,934	-161	-137	451	3,249	-156	-1,097
Free Cash Flow to Equity	-1,159	2,760	5,613	-1,444	711	750	1,326	-1,283	-604	263	427	-442	-742	1,526	4,280
Free Operating CF net dividend	-3,159	-1,210	2,054	700	409	486	876	-4,575	-3,557	420	556	-1,180	-4,279	1,494	5,014
Free Operating CF	-1,340	464	3,389	1,314	592	780	1,360	-3,788	-3,052	421	556	-1,040	-4,140	1,581	5,189

Business Segment Analysis

FY End:

Mar 25

Bharat Heavy Electricals Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Power (69.6%)₹ 335.93 CrIndustry (30.4%)₹ 146.46 Cr

Revenue / Sales

Power (73.9%)₹ 20,937.25 CrIndustry (26.1%)₹ 7,402.23 Cr

Assets

Power (66.8%)₹ 45,455.29 CrUnallocated (19.7%)₹ 13,387.18 CrIndustry (13.6%)₹ 9,240.71 Cr

Regional Segment Analysis

FY End:

Mar 25

Bharat Heavy Electricals Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

Within India (98.3%)₹ 27,863.22 CrOutside India (1.7%)₹ 476.26 Cr

Historical Segment Analysis

Track how Bharat Heavy Electricals Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2010 Mar 31	2011 Mar 31	2012 Mar 31	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31

Power	1,395	1,645	1,118	1,549	1,355	928	347	77	187	255	243	112	141	122	159	336
Industry	271	457	447	213	272	125	117	201	48	82	108	38	55	80	92	146

Frequently Asked Questions

What is the revenue of Bharat Heavy Electricals Ltd.?

The latest trailing twelve month revenue of Bharat Heavy Electricals Ltd. is ₹ 33,782.20 Cr, reflecting a 1-year growth of 19.21% and a 3-year CAGR of 13.08%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of Bharat Heavy Electricals Ltd.?

The latest trailing twelve month net profit (PAT) of Bharat Heavy Electricals Ltd. is ₹ 1,600.26 Cr, with a 3-year earnings CAGR of 49.71%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of Bharat Heavy Electricals Ltd.?

The trailing twelve month EBITDA of Bharat Heavy Electricals Ltd. is approximately ₹ 2,026.32 Cr (based on an operating margin of 6.00%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of Bharat Heavy Electricals Ltd.?

The trailing twelve month Earnings Per Share (EPS) of Bharat Heavy Electricals Ltd. is 4.60. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of Bharat Heavy Electricals Ltd.?

The debt-to-equity ratio of Bharat Heavy Electricals Ltd. stands at 0.31. The interest coverage ratio is 2.68x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of Bharat Heavy Electricals Ltd.?

The estimated book value per share of Bharat Heavy Electricals Ltd. is 74.79 (derived from a P/B ratio of 5.35 and market price of ₹ 400.35), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of Bharat Heavy Electricals Ltd.?

The trailing twelve month operating cash flow of Bharat Heavy Electricals Ltd. is ₹ 5,777.62 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does Bharat Heavy Electricals Ltd. report consolidated or standalone financials?

Bharat Heavy Electricals Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.