| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Bharat Heavy Electricals
261.30
-0.75
(-0.29%)
Market Cap
91,247.50 Cr
EPS
1.53
PE Ratio
171.24
Dividend Yield
0.19 %
Industry
Capital Goods52 Week High
334.80
52 Week Low
176.00
PB Ratio
3.69
Debt to Equity
0.29
Sector
Electrical Equipment
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from19 analysts
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 |
|---|---|---|---|---|---|---|---|---|
5,893.50 | #1 1,24,983.60 | 66.17 | 12,541.70 | 16.69 | 1,875 | 25.39 | 47.30 | |
3,191.60 | 1,14,610.30 | 61.01 | 23,165.00 | 15.54 | #1 2,718 | -27.46 | 45.90 | |
677.30 | 1,02,761.70 | 111.38 | 10,070.80 | 15.79 | 973 | 17.32 | 50.35 | |
261.30 | #4 91,247.50 | #9 171.24 | #1 28,339.50 | #10 2.45 | #6 722 | #9 3.04 | 56.00 | |
65.97 | 90,306.20 | #1 43.37 | 6,567.50 | 9.64 | 660 | #1 364.78 | 53.96 | |
3,170.60 | 89,618.00 | 47.91 | 14,444.50 | 69.56 | 1,969 | 35.63 | 62.71 | |
19,475.00 | 88,543.00 | 230.63 | 6,224.09 | 17.02 | 358 | 61.74 | 55.45 | |
2,381.90 | 61,271.90 | 100.72 | 4,292.30 | 13.66 | 592 | 181.30 | 60.11 | |
1,115.80 | 48,417.70 | 51.69 | 6,518.75 | #1 116.74 | 876 | 167.12 | 66.20 | |
3,434.40 | 40,827.70 | 64.16 | 10,640.90 | 15.83 | 627 | 9.59 | 48.35 |
Forecast
Actual
Growth Rate
Revenue Growth
2.45 %
Net Income Growth
-56.86 %
Cash Flow Change
-401.27 %
ROE
-57.09 %
ROCE
-21.89 %
EBITDA Margin (Avg.)
-21.52 %
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 | 59,006 | 68,083 |
| Fixed Assets | 4,230 | 3,969 | 3,601 | 3,073 | 2,971 | 2,817 | 2,491 | 2,399 | 2,476 | 2,574 | 3,143 |
| Current Assets | 49,041 | 45,140 | 42,904 | 42,143 | 38,381 | 32,711 | 28,343 | 27,862 | 29,095 | 34,546 | 42,760 |
| Capital Work in Progress | 2,614 | 318 | 168 | 203 | 235 | 314 | 420 | 431 | 354 | 308 | 162 |
| Investments | 0 | 796 | 757 | 429 | 152 | 162 | 185 | 205 | 235 | 256 | 9,870 |
| Other Assets | 64,003 | 60,238 | 56,821 | 59,769 | 60,576 | 56,455 | 52,144 | 53,209 | 53,855 | 55,867 | 0 |
| Total Liabilities | 70,846 | 65,321 | 61,347 | 63,474 | 63,934 | 59,749 | 55,240 | 56,244 | 56,920 | 59,006 | 68,083 |
| Current Liabilities | 22,727 | 20,741 | 20,143 | 21,868 | 23,055 | 22,609 | 20,357 | 21,371 | 23,480 | 25,333 | 28,226 |
| Non Current Liabilities | 13,910 | 12,265 | 8,817 | 9,275 | 9,982 | 8,488 | 8,911 | 8,366 | 9,062 | 9,234 | 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 |
| Net Cash Flow | -2,071 | 275 | -473 | 1,283 | -1,973 | 608 | 123 | -787 | 829 | 274 |
| Investing Activities | 650 | 23 | -565 | 961 | 1,919 | 1,877 | -43 | -1,118 | 1,481 | 1,331 |
| Operating Activities | 821 | 374 | 560 | 989 | -3,860 | -2,892 | 560 | 660 | -741 | -3,713 |
| Financing Activities | -3,543 | -123 | -468 | -667 | -32 | 1,622 | -394 | -330 | 89 | 2,656 |
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| 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 | 0.00 |
| Dividend Yield (%) | 0.00 | 1.94 | 2.43 | 9.62 | 0.00 | 0.00 | 0.57 | 0.16 | 0.12 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 25 Jul 2025 |  Annual General Meeting | NA | 25 Jul 2025 | 247.20 | 262.05 |
| 11 Jul 2025 |  Dividend | ₹ 0.50 /share | 11 Jul 2025 | 250.35 | 262.05 |
| 16 May 2025 |  Quarterly Result Announcement | NA | 16 May 2025 | 224.45 | 250.35 |
| 28 Jan 2025 | Quarterly Result Announcement | NA | 28 Jan 2025 | 204.50 | 187.60 |
| 28 Oct 2024 | Quarterly Result Announcement | NA | 28 Oct 2024 | 268.75 | 229.75 |
| 22 Aug 2024 | Annual General Meeting | NA | 22 Aug 2024 | 294.25 | 299.65 |
| 09 Aug 2024 | Dividend | ₹ 0.25 /share | 09 Aug 2024 | 319.20 | 302.20 |
| 11 Aug 2023 | Dividend | ₹ 0.40 /share | 11 Aug 2023 | 78.95 | 103.05 |
| 16 Sept 2022 | Dividend | ₹ 0.40 /share | 15 Sept 2022 | 53.15 | 59.45 |
| 30 Sept 2017 |  Bonus | 1:2 | 28 Sept 2017 | 0.00 | 0.00 |
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
2 days ago
2 days agoRescheduling Of 61St Annual General Meeting Of BHEL & Record Date For Final Dividend For FY 2024-25
8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 27, 2025
Jun 27, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 25, 2025
Jun 25, 2025Intimation Of Record Date For Final Dividend For FY 2024-25Jun 19, 2025
Jun 19, 2025Intimation Of Date Of Annual General MeetingJun 19, 2025
Jun 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 11, 2025
Jun 11, 2025Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015May 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 28, 2025
May 28, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 25, 2025
May 25, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 17, 2025
May 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 17, 2025
May 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 17, 2025
May 17, 2025BHEL Q4 FY 2024-25 Results Supplementary InformationMay 16, 2025
May 16, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 16, 2025
May 16, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 16, 2025
May 16, 2025Audited Financial Results (Standalone And Consolidated) For The Quarter & Year Ended 31St March 2025 And Declaration Of Final Dividend For FY 2024-25
May 16, 2025
May 16, 2025Audited Financial Results (Standalone And Consolidated) For The Quarter & Year Ended 31St March 2025 And Declaration Of Final Dividend For FY 2024-25<BR> <BR>May 16, 2025
May 16, 2025Clarification Regarding A News ReportMay 10, 2025
May 10, 2025Clarification Sought from Bharat Heavy Electricals LtdMay 09, 2025
May 09, 2025Receipt Of An Order From CESTAT DelhiMay 09, 2025
May 09, 2025Board Meeting Intimation for (I) Audited Financial Results For The Quarter & Year Ended 31St March 2025 And (Ii) Final Dividend For FY 2024-25May 02, 2025
May 02, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 01, 2025
May 01, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateApr 30, 2025
Apr 30, 2025Board Meeting Outcome for Outcome Of Board Meeting Of BHEL-Appointment Of DirectorApr 30, 2025
Apr 30, 2025Receipt Of An Order From Visakhapatnam GST AuthoritiesApr 29, 2025
Apr 29, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 25, 2025
Apr 25, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 24, 2025
Apr 24, 2025Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)Apr 20, 2025
Apr 20, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 20, 2025
Apr 20, 2025BHEL Signs Technology Transfer Agreement With Bhabha Atomic Research CentreApr 16, 2025
Apr 16, 2025BHEL Has Entered Into Mou With M/S Nuovo Pignone International S.R.L.Apr 09, 2025
Apr 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Apr 04, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 04, 2025
Apr 04, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 03, 2025
Apr 03, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateMar 29, 2025
Mar 29, 2025Receipt Of An Order From Telangana GST AuthoritiesMar 29, 2025
Mar 29, 2025Closure of Trading WindowMar 29, 2025
Mar 29, 2025Details Of A New Suit Filed By BHELMar 28, 2025
Mar 28, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderMar 28, 2025
Mar 28, 2025Extension Of Technology Collaboration AgreementMar 25, 2025
Mar 25, 2025Receipt Of An Order From The Kigali Court Of Appeal Rwanda Africa.Mar 23, 2025
Mar 23, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderMar 21, 2025
Mar 21, 2025Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015Mar 18, 2025
Mar 18, 2025BHEL Has Received Orders From GST AuthoritiesMar 13, 2025
Mar 13, 2025Details Regarding Corporate GuaranteeMar 12, 2025
Mar 12, 2025Details Of A New Arbitration Case Invoked By BHELMar 07, 2025
Mar 07, 2025Interim Award Passed In Favour Of BHELMar 07, 2025
Mar 07, 2025Update Regarding Ongoing LitigationMar 04, 2025
Mar 04, 2025Technical Indicators
RSI(14)
Neutral 57.08
ATR(14)
Less Volatile 6.12
STOCH(9,6)
Neutral 29.18
STOCH RSI(14)
Neutral 39.91
MACD(12,26)
Bearish -0.52
ADX(14)
Weak Trend 17.06
UO(9)
Bearish 42.26
ROC(12)
Uptrend But Slowing Down 0.81
WillR(14)
Neutral -41.96
Mutual Fund Holdings
Nippon India Small Cap Fund Direct- Growth 
SBI Mid Cap Direct Plan-Growth 
Mirae Asset Large & Midcap Fund Direct-Growth 
ICICI Prudential Energy Opportunities Fund Direct-Growth 
JM Flexicap Fund Direct Plan-Growth 
Axis Midcap Direct Plan-Growth 
Kotak Arbitrage Fund Direct-Growth 
Sundaram Mid Cap Fund Direct-Growth 
Edelweiss Arbitrage Fund Direct-Growth 
Baroda BNP Paribas Multi Cap Fund Direct-Growth 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.
Website
Chairperson NameShri K Sadashiv Murthy
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