| 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
263.85
+3.80
(1.46%)
Key Fundamentals
Market Cap
91,874.20 Cr
EPS
1.53
PE Ratio
164.81
Dividend Yield
0.19 %
Industry
Capital Goods 52 Week High
272.10
52 Week Low
176.00
PB Ratio
3.76
Debt to Equity
0.36
Sector
Electrical Equipment Analyst Rating and Forecast
- By Refinitiv from20 analysts
Actual
Company News
View All News
Bharat Heavy Electricals Limited (BHEL) received a Notification of Award from NTPC Limited for a 1x800MW Darlipali Supercritical Thermal Power Project Stage-II contract. The EPC package, valued at over Rs 6,650 crore excluding GST, covers design, engineering, equipment supply, erection, commissioning and civil works for the project located in Sundargarh district, Odisha. The contract was awarded through international competitive bidding and must be completed within 48 months from the notification date. Both BHEL and NTPC are Central Public Sector Enterprises.
Bharat Heavy Electricals Limited (BHEL) published its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported revenue of ₹7,511.80 crore for the quarter compared to ₹6,564.10 crore in the same period last year. However, BHEL recorded a net loss of ₹115.42 crore for the quarter versus a loss of ₹148.17 crore in the previous year. For the half-year period, revenue increased to ₹12,069.02 crore from ₹8,339.48 crore, while the net loss widened to ₹136.84 crore compared to ₹168.40 crore loss in the corresponding period. The company's paid-up equity share capital remained unchanged at ₹696.41 crore. BHEL operates joint ventures including BHEL-GE Gas Turbine Services, Raichur Power Corporation, NTPC-BHEL Power Projects, Power Plant Performance Improvements, and Bharat Coal Gasification and Chemicals Limited.
Bharat Heavy Electricals Reports Strong Q2 Results with Net Profit Surging to 3.68B Rupees
9 days ago
9 days agoBharat Heavy Electricals delivered strong quarterly results with net profit reaching 3.68 billion rupees compared to 967 million rupees in the same period last year, significantly exceeding estimates of 2.21 billion rupees. Revenue grew to 75.12 billion rupees from 65.8 billion rupees year-over-year, though falling short of the estimated 79.39 billion rupees. EBITDA more than doubled to 5.8 billion rupees from 2.75 billion rupees, substantially beating estimates of 2.23 billion rupees. The company's EBITDA margin expanded significantly to 7.73% from 4.18% in the previous year, well above the estimated 2.8%.
View more
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 |
|---|---|---|---|---|---|---|---|---|
733.25 | #1 1,15,463.50 | 108.58 | 10,070.80 | 23.53 | 973 | 29.51 | 46.10 | |
3,033.40 | 1,08,025.60 | 44.09 | 12,193.00 | 15.54 | 1,606 | -26.76 | 37.34 | |
5,016.50 | 1,06,303.80 | 60.23 | 9,569.53 | 16.69 | 1,267 | -7.15 | 35.25 | |
3,276.20 | 94,119.70 | 33.65 | 14,846.10 | 27.62 | 1,928 | 133.75 | 38.19 | |
20,863.00 | 92,991.30 | 129.76 | 6,442.10 | 22.78 | 384 | 405.54 | 72.68 | |
263.85 | #6 91,874.20 | #10 164.81 | #1 28,804.80 | #7 17.86 | #9 534 | #3 253.01 | 68.83 | |
3,073.20 | 78,688.20 | 85.64 | 4,354.90 | 36.50 | 608 | 107.12 | 54.72 | |
57.38 | 78,659.50 | #1 24.63 | 10,993.10 | 67.39 | #1 2,072 | #1 537.79 | 53.56 | |
1,029.80 | 46,420.70 | 39.10 | 6,652.10 | #1 109.76 | 937 | 71.64 | 43.88 | |
3,190.90 | 38,021.60 | 56.86 | 10,640.90 | 11.35 | 627 | 38.39 | 45.95 |
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 | 0.19 |
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)-Award_of_Order_Receipt_of_Order1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication8 days ago
8 days agoBHEL Q2 FY 2025-26 Results Supplementary Information9 days ago
9 days agoChange Of RTA9 days ago
9 days agoRevised BHEL Code Of Conduct For Regulating & Reporting Trading By Designated Persons & Their Immediate Relatives And For Fair Disclosure9 days ago
9 days agoUnaudited Financial Results For & Upto The Quarter Ended 30Th September 20259 days ago
9 days agoDisclosure 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, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 27, 2025
Jul 27, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 26, 2025
Jul 26, 2025Reg. 34 (1) Annual Report.Jul 26, 2025
Jul 26, 2025Notice Of 61St AGM & E-Voting InformationJul 26, 2025
Jul 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 25, 2025
Jul 25, 2025Intimation Of Revised Dates Of 61St Annual General Meeting Of BHEL & Record Date For Final Dividend For FY 2024-25
Jul 24, 2025
Jul 24, 2025Corporate Action-Board to consider DividendJul 24, 2025
Jul 24, 2025Intimation Of Revised Dates Of 61St Annual General Meeting Of BHEL & Record Date For Final Dividend For FY 2024-25
Jul 24, 2025
Jul 24, 2025Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 21, 2025
Jul 21, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Mutual Fund Holdings
Nippon India Small Cap Fund Direct- Growth 
SBI Mid Cap Direct Plan-Growth 
Mirae Asset Large & Midcap Fund Direct-Growth 
HSBC Midcap Fund Direct-Growth 
Aditya Birla Sun Life PSU Equity Fund Direct-Growth 
Axis Midcap Direct Plan-Growth 
Kotak Arbitrage Fund Direct-Growth 
ICICI Prudential Energy Opportunities Fund Direct-Growth 
Edelweiss Arbitrage Fund Direct-Growth 
JM Flexicap Fund Direct Plan-Growth 
Tata Arbitrage Fund Direct - Growth 
Canara Robeco Mid Cap Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 68.83
ATR(14)
Volatile 6.46
STOCH(9,6)
Overbought 91.39
STOCH RSI(14)
Overbought 80.82
MACD(12,26)
Bullish 2.63
ADX(14)
Strong Trend 26.67
UO(9)
Bearish 66.05
ROC(12)
Uptrend And Accelerating 12.87
WillR(14)
Overbought -11.71
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
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
