| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Bharat Heavy Electricals
Bharat Heavy Electricals
275.75
+0.70
(0.25%)
Market Cap
₹96,017.90 Cr
PE Ratio
171.91
Volume
70,50,742.00
Day High - Low
₹277.90 - ₹272.50
52W High-Low
₹295.25 - ₹176.00
There are 2 new updates from the company1 day ago
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Key Fundamentals
Market Cap
96,017.90 Cr
EPS
1.53
PB Ratio
3.93
Book Value
70.07
EBITDA
1,706.90
Dividend Yield
0.18 %
Industry
Capital Goods Sector
Electrical Equipment Return on Equity
2.16
Debt to Equity
0.36
Analyst Rating and Forecast
- By Refinitiv from20 analysts
Actual
Company News
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Bharat Heavy Electricals Limited announces senior management change with Navin Kaul's appointment as Head of Power Sector-Marketing for PS-BGI division, effective December 15, 2025.
Bharat Heavy Electricals Limited announces appointment of Shri Sunil Kumar Somani as General Manager and Head of Fabrication, Stamping & Insulator Plant at Jagdishpur facility effective December 15, 2025.
Bharat Heavy Electricals Limited announces promotion of 16 senior management personnel to Executive Director positions effective December 10, 2025, strengthening its leadership structure.
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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 |
|---|---|---|---|---|---|---|---|---|
3,111.60 | #1 1,10,810.46 | 51.99 | 12,193.00 | -47.36 | 1,606 | -41.60 | 42.50 | |
5,177.00 | 1,09,704.97 | 61.12 | 9,569.53 | -23.70 | 1,267 | -7.15 | 51.02 | |
671.60 | 1,05,755.58 | 98.02 | 10,070.80 | 23.53 | 973 | 29.51 | 43.05 | |
2,747.00 | 97,826.30 | 91.86 | 2,656.00 | -44.41 | 409 | 146.64 | 28.51 | |
275.75 | #5 96,017.90 | #10 171.91 | #1 28,804.80 | #7 17.86 | #8 534 | #3 253.01 | 49.29 | |
3,025.60 | 86,920.40 | 29.53 | 14,846.10 | 27.62 | 1,928 | 133.75 | 46.36 | |
18,555.00 | 82,704.02 | 112.91 | 6,442.10 | 22.78 | 384 | 405.54 | 38.41 | |
2,927.00 | 74,944.82 | 79.82 | 4,354.90 | 36.50 | 608 | 107.12 | 49.13 | |
52.59 | 72,093.09 | #1 22.22 | 10,993.10 | 67.39 | #1 2,072 | #1 537.79 | 44.03 | |
885.55 | 39,918.32 | 33.98 | 6,652.10 | #1 109.76 | 937 | 71.64 | 35.18 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
17.86 %
Net Income Growth
89.19 %
Cash Flow Change
159.03 %
ROE
87.83 %
ROCE
29.76 %
EBITDA Margin (Avg.)
25.11 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 70,846 | 65,321 | 61,347 | 63,474 | 63,934 | 59,749 | 55,240 | 56,244 | 56,920 | 59,002 | 68,083 |
| Fixed Assets | 4,230 | 3,969 | 3,601 | 3,073 | 2,971 | 2,817 | 2,491 | 2,399 | 2,476 | 2,574 | 2,947 |
| Current Assets | 49,041 | 45,140 | 42,904 | 42,143 | 38,381 | 32,711 | 28,343 | 27,862 | 29,095 | 34,542 | 42,760 |
| Capital Work in Progress | 2,614 | 318 | 168 | 203 | 235 | 314 | 420 | 431 | 354 | 308 | 195 |
| Investments | 0 | 796 | 757 | 429 | 152 | 162 | 185 | 205 | 235 | 256 | 276 |
| Other Assets | 64,003 | 60,238 | 56,821 | 59,769 | 60,576 | 56,455 | 52,144 | 53,209 | 53,855 | 55,864 | 64,665 |
| Total Liabilities | 70,846 | 65,321 | 61,347 | 63,474 | 63,934 | 59,749 | 55,240 | 56,244 | 56,920 | 59,002 | 68,083 |
| Current Liabilities | 22,727 | 20,741 | 20,143 | 21,868 | 23,055 | 22,609 | 20,357 | 21,371 | 23,480 | 25,247 | 28,226 |
| 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 |
| Total Equity | 34,209 | 32,315 | 32,388 | 32,331 | 30,898 | 28,652 | 25,972 | 26,507 | 24,378 | 24,439 | 24,722 |
| Reserve & Surplus | 33,717 | 31,825 | 31,900 | 31,601 | 30,208 | 27,964 | 25,287 | 25,810 | 23,682 | 23,742 | 24,026 |
| Share Capital | 490 | 490 | 490 | 734 | 696 | 696 | 696 | 696 | 696 | 696 | 696 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -2,071 | 275 | -473 | 1,283 | -1,973 | 608 | 123 | -787 | 829 | 274 | -1,396 |
| Investing Activities | 650 | 23 | -565 | 961 | 1,919 | 1,877 | -43 | -1,118 | 1,481 | 1,331 | -2,731 |
| Operating Activities | 821 | 374 | 560 | 989 | -3,860 | -2,892 | 560 | 660 | -741 | -3,713 | 2,192 |
| Financing Activities | -3,543 | -123 | -468 | -667 | -32 | 1,622 | -394 | -330 | 89 | 2,656 | -857 |
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1.58 | 1.82 | 2 | 0.00 | 0.00 | 0.4 | 0.4 | 0.25 | 0.5 |
| Dividend Yield (%) | 0.00 | 1.94 | 2.43 | 9.62 | 0.00 | 0.00 | 0.57 | 0.16 | 0.12 | 0.18 |
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 | 251.90 | 216.65 |
| 29 Oct 2025 | Quarterly Result Announcement | NA | 29 Oct 2025 | 233.76 | 237.35 |
Announcements
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
1 day ago
1 day agoShareholder Meeting / Postal Ballot-Outcome of Postal_Ballot1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Change in Management3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Change in Management4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Change in Management9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationDec 04, 2025
Dec 04, 2025Announcement under Regulation 30 (LODR)-Change in ManagementDec 02, 2025
Dec 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 01, 2025
Dec 01, 2025Imposition Of Fine For Non-Compliance Of Regulation 17(1) Of SEBI (LODR) Regulations 2015Nov 28, 2025
Nov 28, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 25, 2025
Nov 25, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 25, 2025
Nov 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 19, 2025
Nov 19, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 18, 2025
Nov 18, 2025Novation Of HVDC Bhadla Fatehpur ContractNov 15, 2025
Nov 15, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 04, 2025
Nov 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 30, 2025
Oct 30, 2025BHEL Q2 FY 2025-26 Results Supplementary InformationOct 29, 2025
Oct 29, 2025Change Of RTAOct 29, 2025
Oct 29, 2025Revised BHEL Code Of Conduct For Regulating & Reporting Trading By Designated Persons & Their Immediate Relatives And For Fair DisclosureOct 29, 2025
Oct 29, 2025Unaudited Financial Results For & Upto The Quarter Ended 30Th September 2025Oct 29, 2025
Oct 29, 2025Disclosure Regarding Ongoing Litigations Or DisputesOct 24, 2025
Oct 24, 2025Board Meeting Intimation for Unaudited Financial Results For & Upto The Quarter Ended
30Th September 2025Oct 21, 2025
Oct 21, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Oct 13, 2025Disclosure Regarding Ongoing Litigations Or DisputesOct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-CessationOct 01, 2025
Oct 01, 2025Receipt Of A Show Cause Notice From GST Authorities Bengaluru KarnatakaSep 30, 2025
Sep 30, 2025Receipt Of Favourable Order From Appellate Authority TelanganaSep 30, 2025
Sep 30, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 30, 2025
Sep 30, 2025Board Meeting Outcome for Update On Proposed Joint Venture Between BHEL And REC Power Development And Consultancy LimitedSep 25, 2025
Sep 25, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 25, 2025
Sep 25, 2025Receipt Of Notice From GST Authorities TelanganaSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 03, 2025
Sep 03, 2025Revised Declaration Regarding Dissolution Of Joint Venture CompanySep 02, 2025
Sep 02, 2025Receipt Of An Order From Commissioner CGST(Appeal)/DehradunSep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Updates on Joint VentureSep 01, 2025
Sep 01, 2025Announcement Under Regulation 30Sep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsAug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 25, 2025
Aug 25, 2025Appointment Of M/S Akhil Rohatgi & Co. As Secretarial Auditors Of BHEL For Fys 2025-26 To 2029-30Aug 19, 2025
Aug 19, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025BHEL Q1 FY 2025-26 Results Supplementary InformationAug 06, 2025
Aug 06, 2025Financial Results For The Quarter Ended June 2025Aug 06, 2025
Aug 06, 2025Mutual Fund Holdings
HSBC Midcap Fund Direct-Growth 
SBI Mid Cap Direct Plan-Growth 
Axis Midcap Direct Plan-Growth 
Kotak Arbitrage Fund Direct-Growth 
Mirae Asset Large & Midcap Fund Direct-Growth 
Nippon India Focused Fund Direct-Growth 
Canara Robeco Manufacturing Fund Direct - Growth 
Motilal Oswal Business Cycle Fund Direct-Growth 
ICICI Prudential Equity & Debt Fund Direct-Growth 
Edelweiss Balanced Advantage Fund Direct-Growth 
Tata Arbitrage Fund Direct - Growth 
Baroda BNP Paribas Multi Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 48.56
ATR(14)
Less Volatile 7.14
STOCH(9,6)
Neutral 54.45
STOCH RSI(14)
Neutral 23.87
MACD(12,26)
Bearish -1.69
ADX(14)
Weak Trend 19.03
UO(9)
Bearish 46.48
ROC(12)
Downtrend And Accelerating -3.66
WillR(14)
Neutral -73.32
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 Industry segment provides equipment and EPC services for transportation, transmission, defense, aerospace, captive power, process industries, renewables, oil & gas, and energy storage. BHEL has a wide product range covering power generation, transmission, transportation, defense, and other sectors. The company has manufacturing facilities across India and has executed projects in over 80 countries. BHEL is known for its capabilities in supercritical thermal power technology and has commissioned numerous power plants and substations.
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Chairperson NameShri K Sadashiv Murthy
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