| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
Revenue  | 5,971 | 6,761 | 7,352 | 10,036 | 4,557 | 6,170 | 5,616 | 4,741 | 1,997 | 3,554 | 4,302 | 6,836 | 2,798 | 5,007 | 5,023 | 7,731 | 4,533 | 5,154 | 5,050 | 7,944 | 5,133 | 5,317 | 5,622 | 8,430 | 5,596 | 6,712 | 7,403 | 9,153 | 5,672 | 7,701 | 8,708 | 12,570 | 7,923 | 9,572 |
| Expenses | 5,765 | 6,641 | 7,122 | 8,987 | 4,802 | 5,962 | 5,354 | 5,610 | 3,050 | 4,329 | 4,632 | 8,439 | 3,377 | 5,142 | 5,047 | 6,910 | 4,842 | 5,447 | 5,119 | 7,178 | 5,182 | 5,279 | 5,287 | 7,532 | 5,654 | 6,309 | 6,973 | 8,162 | 6,024 | 6,931 | 7,928 | 10,557 | 7,194 | 8,275 |
| EBITDA | 205 | 120 | 230 | 1,049 | -245 | 209 | 262 | -869 | -1,053 | -776 | -329 | -1,603 | -579 | -136 | -24 | 822 | -309 | -292 | -70 | 766 | -48 | 38 | 335 | 898 | -58 | 403 | 430 | 991 | -352 | 770 | 780 | 2,013 | 730 | 1,297 |
| Operating Profit % | 1 % | -0 % | -0 % | 9 % | -9 % | 1 % | 2 % | -22 % | -61 % | -26 % | -10 % | -25 % | -24 % | -5 % | -3 % | 9 % | -9 % | -11 % | -4 % | 8 % | -4 % | -3 % | 4 % | 9 % | -3 % | 4 % | 4 % | 9 % | -10 % | 8 % | 6 % | 14 % | 7 % | 11 % |
| Depreciation | 176 | 52 | 113 | 134 | 115 | 120 | 115 | 154 | 119 | 115 | 113 | 127 | 111 | 43 | 74 | 86 | 67 | 59 | 63 | 73 | 60 | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 76 | 78 | 88 | 82 | 83 |
| Interest | 64 | 69 | 58 | 97 | 108 | 119 | 140 | 141 | 115 | 95 | 86 | 79 | 84 | 90 | 86 | 96 | 98 | 123 | 139 | 161 | 168 | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 | 183 | 198 | 140 | 125 |
| Profit Before Tax | 110 | 172 | 280 | 1,278 | -347 | 167 | 229 | -709 | -1,192 | -734 | -280 | -1,390 | -597 | -67 | 33 | 1,102 | -251 | -200 | 53 | 940 | -276 | -202 | 85 | 636 | -279 | 141 | 179 | 704 | -608 | 499 | 520 | 1,728 | 508 | 1,089 |
| Tax | 70 | 86 | 83 | 598 | -128 | 46 | 68 | 824 | -299 | -181 | -62 | -354 | -149 | -21 | 6 | 189 | -63 | -212 | 10 | 282 | -72 | -139 | 24 | 147 | -68 | 35 | 44 | 200 | -153 | 124 | 129 | 437 | 131 | 268 |
| Net Profit | 40 | 85 | 196 | 681 | -219 | 121 | 162 | -1,532 | -893 | -552 | -218 | -1,036 | -448 | -47 | 27 | 913 | -188 | 12 | 42 | 658 | -205 | -63 | 60 | 490 | -211 | 106 | 135 | 505 | -456 | 375 | 390 | 1,291 | 377 | 821 |
| EPS in ₹ | 0.11 | 0.23 | 0.54 | 1.88 | -0.63 | 0.35 | 0.46 | -4.40 | -2.56 | -1.59 | -0.62 | -2.97 | -1.29 | -0.13 | 0.08 | 2.62 | -0.54 | 0.03 | 0.12 | 1.89 | -0.59 | -0.18 | 0.17 | 1.41 | -0.61 | 0.30 | 0.39 | 1.45 | -1.31 | 1.08 | 1.12 | 3.71 | 1.08 | 2.36 |
Bharat Heavy Electricals
Bharat Heavy Electricals
434.60
+0.35
(0.08%)
Market Cap
1,51,330.47 Cr
PE Ratio
52.56
Volume
1,16,80,175.00
Day High - Low
439.50 - 431.50
52W High-Low
464.00 - 229.54
Q1 Quarterly Results are out. Check out the updated financials1 day ago
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Key Fundamentals
Market Cap
1,51,330.47 Cr
EPS
4.60
PE Ratio
52.56
PB Ratio
5.66
Book Value
76.83
EBITDA
3,149.80
Dividend Yield
0.32 %
Industry
Capital Goods Sector
Electrical Equipment Return on Equity
6.12
Debt to Equity
0.34
Analyst Rating and Forecast
- By Refinitiv from19 analysts
Actual
Company News
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BHEL approves ₹5 billion investment for Haridwar unit2 days ago
Bharat Heavy Electricals approved a ₹5 billion investment for its Haridwar unit and merged its Mumbai repair plant with the Bengaluru electronics division.
BHEL Q2 net profit jumps to ₹8.1B2 days ago
BHEL reported Q2 net profit of ₹8.1 billion, up from ₹3.68 billion YoY, beating estimates. Revenue rose to ₹93 billion with EBITDA margin expanding to 11.03%.
BHEL appoints Gowri Shankar as HPVP Head
Sep 25, 2026
Sep 25, 2026Bharat Heavy Electricals Limited appointed Chittimouj Gowri Shankar as Head of Heavy Plate & Vessels Plant, Visakhapatnam, effective September 25, 2026.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
434.60 | #1 1,51,330.47 | #5 52.56 | #1 34,589.80 | #8 20.08 | #5 1,600 | #3 118.97 | 51.29 | |
6,801.00 | 1,44,118.89 | 48.40 | 13,555.10 | 8.08 | 1,669 | 3.01 | 41.09 | |
846.00 | 1,33,283.07 | 103.94 | 12,662.20 | 25.73 | 1,197 | 15.51 | 44.25 | |
28,990.00 | 1,29,215.28 | 111.31 | 8,387.60 | 30.20 | 988 | 123.48 | 35.97 | |
3,624.00 | 1,29,058.07 | 39.78 | 25,598.60 | 59.77 | 2,283 | #1 341.51 | 40.90 | |
2,889.00 | 1,02,883.21 | 70.97 | 6,790.60 | -14.39 | 1,120 | 67.83 | 32.01 | |
3,959.10 | 1,01,371.38 | 77.54 | 6,297.20 | 44.60 | 1,233 | 24.66 | 34.84 | |
2,565.40 | 73,794.07 | 17.90 | 27,244.90 | #1 83.52 | #1 3,884 | 15.40 | 58.57 | |
16,033.00 | 67,133.92 | 59.93 | 22,966.90 | 22.95 | 977 | 77.82 | 35.16 | |
42.00 | 57,731.47 | #1 17.84 | 16,841.80 | 53.20 | 3,163 | -5.89 | 53.42 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
20.08 %
Net Income Growth
199.74 %
Cash Flow Change
166.25 %
ROE
183.33 %
ROCE
76.00 %
EBITDA Margin (Avg.)
53.63 %
Quarterly Financial Results
Order Value Trend
FY 2026-27 order value₹46,590.00 Cr
QoQ growth-99.99%
FY 2026-275 Orders
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0.19%Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 70,846 | 65,321 | 61,347 | 63,474 | 63,934 | 59,749 | 55,240 | 56,244 | 56,920 | 59,002 | 68,083 | 76,186 |
| Fixed Assets | 4,230 | 3,969 | 3,601 | 3,073 | 2,971 | 2,817 | 2,491 | 2,399 | 2,476 | 2,574 | 2,947 | 2,999 |
| Capital Work in Progress | 2,614 | 318 | 168 | 203 | 235 | 314 | 420 | 431 | 354 | 308 | 195 | 495 |
| Investments | 0 | 796 | 757 | 429 | 152 | 162 | 185 | 205 | 235 | 256 | 276 | 302 |
| Other Assets | 64,003 | 60,238 | 56,821 | 59,769 | 60,576 | 56,455 | 52,144 | 53,209 | 53,855 | 55,864 | 64,665 | 72,390 |
| Total Equity & Liabilities | 70,846 | 65,321 | 61,347 | 63,474 | 63,934 | 59,749 | 55,240 | 56,244 | 56,920 | 59,002 | 68,083 | 76,186 |
| Current Liabilities | 22,727 | 20,741 | 20,143 | 21,868 | 23,055 | 22,609 | 20,357 | 21,371 | 23,480 | 25,247 | 28,226 | 32,302 |
| Non Current Liabilities | 13,910 | 12,265 | 8,817 | 9,275 | 9,982 | 8,488 | 8,911 | 8,366 | 9,062 | 9,316 | 15,135 | 17,737 |
| Total Equity | 34,209 | 32,315 | 32,388 | 32,331 | 30,898 | 28,652 | 25,972 | 26,507 | 24,378 | 24,439 | 24,722 | 26,147 |
| Reserve & Surplus | 33,717 | 31,825 | 31,900 | 31,601 | 30,208 | 27,964 | 25,287 | 25,810 | 23,682 | 23,742 | 24,026 | 25,450 |
| Share Capital | 490 | 490 | 490 | 734 | 696 | 696 | 696 | 696 | 696 | 696 | 696 | 696 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Cash Flow | -2,071 | 275 | -473 | 1,283 | -1,973 | 608 | 123 | -787 | 829 | 274 | -1,396 | 996 |
| Investing Activities | 650 | 23 | -565 | 961 | 1,919 | 1,877 | -43 | -1,118 | 1,481 | 1,331 | -2,732 | -3,035 |
| Operating Activities | 821 | 374 | 560 | 989 | -3,860 | -2,892 | 560 | 660 | -741 | -3,713 | 2,193 | 5,837 |
| Financing Activities | -3,543 | -123 | -468 | -667 | -32 | 1,622 | -394 | -330 | 89 | 2,656 | -857 | -1,806 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
| 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 % | 58.17 % | 58.17 % | 58.17 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 7.04 % | 8.75 % | 9.10 % | 9.49 % | 7.98 % | 7.19 % | 6.36 % | 6.23 % | 6.29 % | 7.23 % | 9.51 % | 9.94 % |
| DIIs | 12.49 % | 12.38 % | 13.72 % | 13.80 % | 12.66 % | 12.59 % | 14.46 % | 14.72 % | 15.50 % | 16.14 % | 15.99 % | 17.58 % | 15.94 % | 15.03 % | 14.69 % | 15.49 % | 16.35 % | 18.45 % | 18.62 % | 19.70 % | 23.98 % | 22.44 % | 21.88 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 15.96 % | 16.33 % | 16.15 % | 16.74 % | 17.63 % | 17.69 % | 15.44 % | 11.30 % | 10.98 % | 10.86 % | 11.72 % | 10.33 % | 10.33 % | 11.15 % | 11.23 % | 11.81 % | 11.77 % | 10.69 % | 10.66 % | 9.54 % | 9.29 % | 8.33 % | 8.25 % |
| Others | 8.38 % | 8.11 % | 6.95 % | 6.29 % | 6.54 % | 6.54 % | 6.93 % | 10.81 % | 10.35 % | 9.83 % | 9.12 % | 1.89 % | 1.80 % | 1.55 % | 1.43 % | 1.54 % | 1.52 % | 1.32 % | 1.31 % | 1.31 % | 1.33 % | 1.55 % | 1.77 % |
| No of Share Holders | 9,86,752 | 11,46,940 | 11,38,650 | 12,04,730 | 12,81,740 | 12,87,800 | 11,92,230 | 10,27,960 | 10,16,940 | 10,12,620 | 12,27,660 | 12,65,440 | 14,99,200 | 18,80,850 | 19,95,270 | 20,83,030 | 21,20,570 | 19,83,220 | 19,61,660 | 17,91,830 | 17,55,260 | 16,28,020 | 16,04,120 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 1.58 | 1.82 | 2 | 0.00 | 0.00 | 0.4 | 0.4 | 0.25 | 0.5 | 1.4 |
| Dividend Yield (%) | 1.94 | 2.43 | 9.62 | 0.00 | 0.00 | 0.57 | 0.16 | 0.12 | 0.2 | 0.32 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 30 Sept 2017 |  Bonus | 1:2 | 28 Sept 2017 | 0.00 | 0.00 |
| 16 Sept 2022 |  Dividend | ₹ 0.40 /share | 15 Sept 2022 | 53.15 | 61.70 |
| 11 Aug 2023 | Dividend | ₹ 0.40 /share | 11 Aug 2023 | 81.87 | 99.85 |
| 09 Aug 2024 | Dividend | ₹ 0.25 /share | 09 Aug 2024 | 310.05 | 297.85 |
| 22 Aug 2024 |  Annual General Meeting | NA | 22 Aug 2024 | 308.60 | 296.55 |
| 28 Oct 2024 |  Quarterly Result Announcement | NA | 28 Oct 2024 | 269.80 | 216.95 |
| 28 Jan 2025 | Quarterly Result Announcement | NA | 28 Jan 2025 | 216.38 | 194.54 |
| 16 May 2025 | Quarterly Result Announcement | NA | 16 May 2025 | 226.84 | 245.68 |
| 01 Aug 2025 | Dividend | ₹ 0.50 /share | 01 Aug 2025 | 245.68 | 238.30 |
| 06 Aug 2025 | Quarterly Result Announcement | NA | 06 Aug 2025 | 250.50 | 248.25 |
| 19 Aug 2025 | Annual General Meeting | NA | 19 Aug 2025 | 251.80 | 216.62 |
| 29 Oct 2025 | Quarterly Result Announcement | NA | 29 Oct 2025 | 233.80 | 237.34 |
| 19 Jan 2026 | Quarterly Result Announcement | NA | 19 Jan 2026 | 300.10 | 265.55 |
| 04 May 2026 | Quarterly Result Announcement | NA | 04 May 2026 | 337.39 | 352.41 |
| 16 Jul 2026 | Quarterly Result Announcement | NA | 16 Jul 2026 | 377.80 | 418.15 |
| 17 Jul 2026 | Dividend | ₹ 1.40 /share | 17 Jul 2026 | 352.41 | 435.40 |
| 05 Aug 2026 | Annual General Meeting | NA | 05 Aug 2026 | 414.10 | 407.00 |
| 14 Oct 2026 | Quarterly Result Announcement | NA | 14 Oct 2026 | 412.00 | 442.00 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication1 day ago
1 day agoBHEL Q2 FY 2026-27 Results: Supplementary Information2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Meeting Updates2 days ago
2 days agoUnaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30.09.20262 days ago
2 days agoUnaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30.09.20262 days ago
2 days agoCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 20188 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationOct 05, 2026
Oct 05, 2026Closure of Trading WindowSep 29, 2026
Sep 29, 2026Board Meeting Intimation for Unaudited Financial Results For & Upto The Quarter Ended 30Th September 2026 And Closure Of Trading Window ThereofSep 29, 2026
Sep 29, 2026Announcement under Regulation 30 (LODR)-Change in ManagementSep 25, 2026
Sep 25, 2026 Signing Of Tripartite AgreementSep 18, 2026
Sep 18, 2026Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsSep 15, 2026
Sep 15, 2026Announcement under Regulation 30 (LODR)-AcquisitionSep 14, 2026
Sep 14, 2026Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sSep 08, 2026
Sep 08, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 05, 2026
Sep 05, 2026Disclosure Under Section 30 Of SEBI (LODR) Regulations 2015-FineAug 26, 2026
Aug 26, 2026Announcement under Regulation 30 (LODR)-Change in ManagementAug 25, 2026
Aug 25, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Aug 18, 2026
Aug 18, 2026
BHEL Signs SCA With M/S Hystar AS Norway For PEM Electrolyser Systems For Green Hydrogen Projects.
Aug 13, 2026
Aug 13, 2026Announcement under Regulation 30 (LODR)-Credit RatingAug 12, 2026
Aug 12, 2026Shareholder Meeting / Postal Ballot-Outcome of AGMAug 05, 2026
Aug 05, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 04, 2026
Aug 04, 2026Disclosure Under Regulation 30 Read With Para A Of Part A Of Schedule III Of SEBI (LODR) Regulations 2015Jul 31, 2026
Jul 31, 2026General AnnouncementJul 29, 2026
Jul 29, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 21, 2026
Jul 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 17, 2026
Jul 17, 2026BHEL Q1 FY2026-27 Supplementary InformationJul 16, 2026
Jul 16, 2026Unaudited Financial Results For The Quarter Ended On 30 June 2026Jul 16, 2026
Jul 16, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 11, 2026
Jul 11, 2026Business Responsibility and Sustainability Reporting (BRSR)Jul 10, 2026
Jul 10, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2026
Jul 10, 2026Reg. 34 (1) Annual Report.Jul 10, 2026
Jul 10, 2026Reg. 34 (1) Annual Report.Jul 10, 2026
Jul 10, 2026Notice Of 62Nd AGM & E-Voting InformationJul 10, 2026
Jul 10, 2026Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30Th June 2026
Jul 09, 2026
Jul 09, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 09, 2026
Jul 09, 2026BHEL Signs Strategic Collaboration Agreement (SCA) With M/S Thyssenkrup Nucera India Private LimitedJul 07, 2026
Jul 07, 2026Announcement under Regulation 30 (LODR)-Credit RatingJul 03, 2026
Jul 03, 2026Corporate Action-Board to consider DividendJul 01, 2026
Jul 01, 2026Intimation Of Date Of Annual General Meeting & Record Date For
Final Dividend For FY 2025-26Jul 01, 2026
Jul 01, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 30, 2026
Jun 30, 2026Closure of Trading WindowJun 29, 2026
Jun 29, 2026Announcement under Regulation 30 (LODR)-Credit RatingJun 12, 2026
Jun 12, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 11, 2026
Jun 11, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 05, 2026
Jun 05, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 03, 2026
Jun 03, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 02, 2026
Jun 02, 2026Announcement under Regulation 30 (LODR)-CessationJun 02, 2026
Jun 02, 2026Imposition Of Fine By NSE & BSE For The Quarter Ending 31St March 2026May 28, 2026
May 28, 2026Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 20, 2026
May 20, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 51.29
ATR(14)
Less Volatile 15.23
STOCH(9,6)
Neutral 60.18
STOCH RSI(14)
Neutral 55.54
MACD(12,26)
Bullish 0.91
ADX(14)
Weak Trend 13.80
UO
Bearish 52.70
ROC
Uptrend And Accelerating 5.14
WillR
Neutral -47.88
About Bharat Heavy Electricals
Bharat Heavy Electricals Limited (BHEL) is an Indian engineering and manufacturing company specializing in power generation equipment and systems. It operates in two main segments: Power and Industry. The Power segment focuses on thermal, gas, hydro, nuclear and solar power plants, as well as related services and new technologies. The...more
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Chairperson NameShri K Sadashiv Murthy
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