| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Bharat Heavy Electricals
Bharat Heavy Electricals
277.20
+11.50
(4.33%)
Market Cap
96,522.80 Cr
PE Ratio
113.59
Volume
3,16,42,983.00
Day High - Low
281.00 - 263.76
52W High-Low
305.90 - 205.12
There are new updates from the company1 day ago
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Key Fundamentals
Market Cap
96,522.80 Cr
EPS
1.53
PE Ratio
113.59
PB Ratio
3.79
Book Value
70.07
EBITDA
1,706.90
Dividend Yield
0.19 %
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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BHEL Signs Tech Deal With E2S Korea For Excitation Systems14 hrs ago
Bharat Heavy Electricals Limited enters technology partnership with E2S Korea to upgrade excitation systems for power generation equipment in India and international markets.
BHEL Emerges Lowest Bidder for ₹10,300 Cr Package1 day ago
Bharat Heavy Electricals Limited has secured the position of lowest bidder for a significant contract package valued at ₹10,300 crores, marking a major business development for the public sector enterprise.
Bharat Heavy Electricals Limited submits mandatory quarterly certificate under SEBI Depositories Regulations for Q4 FY26, confirming compliance with dematerialization requirements.
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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 |
|---|---|---|---|---|---|---|---|---|
6,614.00 | #1 1,40,156.20 | 83.38 | 12,541.70 | 16.69 | 1,875 | -18.07 | 65.82 | |
27,315.00 | 1,21,749.41 | 137.26 | 6,442.10 | 22.78 | 384 | 90.25 | 67.80 | |
3,222.50 | 1,14,759.83 | 64.97 | 23,165.00 | 15.54 | #1 2,718 | -54.80 | 55.61 | |
720.60 | 1,13,488.56 | 103.09 | 10,070.80 | 23.53 | 973 | 19.34 | 58.11 | |
3,911.30 | 1,00,147.48 | 89.35 | 4,354.90 | 36.50 | 608 | 103.78 | 58.65 | |
2,767.70 | 98,563.47 | 81.47 | 7,932.00 | #1 198.64 | 1,100 | 35.05 | 53.17 | |
277.20 | #7 96,522.80 | #9 113.59 | #1 28,804.80 | #8 17.86 | #9 534 | #1 189.83 | 61.05 | |
3,232.30 | 92,974.17 | 26.42 | 14,846.10 | 27.62 | 1,928 | 118.35 | 66.03 | |
44.23 | 60,659.82 | #1 18.67 | 10,993.10 | 67.39 | 2,072 | 14.83 | 58.01 | |
956.45 | 43,326.65 | 32.69 | 6,652.10 | 109.76 | 937 | 53.45 | 72.65 |
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 Equity & 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 | Dec 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 % | 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 % | 6.29 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
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 | 0.00 |
| Dividend Yield (%) | 1.94 | 2.43 | 9.62 | 0.00 | 0.00 | 0.57 | 0.16 | 0.12 | 0.2 | 0.00 |
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 |
Announcements
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
15 hrs ago
15 hrs agoCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 20181 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication2 days ago
2 days agoReceipt Of A Demand Order From GST Authorities Karnataka8 days ago
8 days agoRumour verification - Regulation 30(11)9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Credit Rating9 days ago
9 days agoClarification sought from Bharat Heavy Electricals Ltd10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-CessationMar 28, 2026
Mar 28, 2026Announcement under Regulation 30 (LODR)-Change in ManagementMar 26, 2026
Mar 26, 2026Closure of Trading WindowMar 25, 2026
Mar 25, 2026Announcement under Regulation 30 (LODR)-Change in ManagementMar 25, 2026
Mar 25, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateMar 19, 2026
Mar 19, 2026Outcome Of Board MeetingMar 19, 2026
Mar 19, 2026Imposition Of Fine For Non-Compliance Of Regulation 17(1) Of SEBI (LODR) Regulations 2015 Pertaining To Composition Of Board Of DirectorsMar 03, 2026
Mar 03, 2026Imposition Of Fine For Non-Compliance Of Regulation 17(1) Of SEBI (LODR) Regulations 2015 Pertaining To Composition Of Board Of DirectorsMar 02, 2026
Mar 02, 2026Disclosure Regarding Ongoing Litigations Or DisputesFeb 21, 2026
Feb 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 19, 2026
Feb 19, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderFeb 17, 2026
Feb 17, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Feb 13, 2026
Feb 13, 2026Disclosure Received From Promoter Under Regulation 7(2) Of SEBI PIT Regulations 2015Feb 13, 2026
Feb 13, 2026Updates on Notice of Offer for Sale by PromoterFeb 11, 2026
Feb 11, 2026Notice of Offer for Sale of Shares by Promoter & Floor PriceFeb 10, 2026
Feb 10, 2026Notice of Offer for Sale of Shares by Promoter & Floor PriceFeb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderFeb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderFeb 04, 2026
Feb 04, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateFeb 03, 2026
Feb 03, 2026Announcement under Regulation 30 (LODR)-Change in ManagementJan 25, 2026
Jan 25, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 20, 2026
Jan 20, 2026BHEL Q3 FY 2025-26 Results Supplementary InformationJan 19, 2026
Jan 19, 2026Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jan 19, 2026
Jan 19, 2026Unaudited Financial Results For & Upto The Quarter Ended 31St December 2025Jan 19, 2026
Jan 19, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJan 15, 2026
Jan 15, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJan 08, 2026
Jan 08, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJan 08, 2026
Jan 08, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 08, 2026
Jan 08, 2026Board Meeting Intimation for Unaudited Financial Results For & Upto The Quarter Ended
31St December 2025Jan 06, 2026
Jan 06, 2026Receipt Of An An Order From GST Authorities KarnatakaJan 02, 2026
Jan 02, 2026Revised Information Regarding Receipt Of Adjudication Order From Assistant Commissioner (ST) Commercial Tax Department Telangana.Jan 02, 2026
Jan 02, 2026Receipt Of Adjudication Order From Assistant Commissioner (ST) Commercial Tax Department Telangana.Jan 02, 2026
Jan 02, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 01, 2026
Jan 01, 2026Announcement under Regulation 30 (LODR)-Change in RTAJan 01, 2026
Jan 01, 2026Closure of Trading WindowDec 29, 2025
Dec 29, 2025Receipt Of Demand Order From GST Authorities GujaratDec 24, 2025
Dec 24, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationDec 18, 2025
Dec 18, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotDec 18, 2025
Dec 18, 2025Announcement under Regulation 30 (LODR)-Change in ManagementDec 15, 2025
Dec 15, 2025Announcement under Regulation 30 (LODR)-Change in ManagementDec 15, 2025
Dec 15, 2025Announcement under Regulation 30 (LODR)-Change in ManagementDec 10, 2025
Dec 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationDec 04, 2025
Dec 04, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 55.55
ATR(14)
Less Volatile 10.58
STOCH(9,6)
Neutral 39.50
STOCH RSI(14)
Neutral 58.12
MACD(12,26)
Bullish 0.55
ADX(14)
Weak Trend 16.00
UO(9)
Bearish 56.28
ROC(12)
Uptrend And Accelerating 2.13
WillR(14)
Overbought -7.33
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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