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Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn

Bharat Bijlee Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,109.98Fairly Valued by 4.61%vs CMP ₹2,212.00

P/E (19.1) × ROE (7.0%) × BV (₹1,942.00) × DY (1.58%)

₹1,733.75Overvalued by 21.62%vs CMP ₹2,212.00
MoS: -27.6% (Negative)Confidence: 57/100 (Moderate)Models: 2 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,504.8821%Under (+13.2%)
Graham NumberEarnings₹2,251.2615%Fair (+1.8%)
Earnings PowerEarnings₹741.6110%Over (-66.5%)
DCFCash Flow₹2,539.6310%Under (+14.8%)
Net Asset ValueAssets₹1,942.147%Over (-12.2%)
EV/EBITDAEnterprise₹1,512.129%Over (-31.6%)
Dividend DiscountDividends₹275.009%Over (-87.6%)
Earnings YieldEarnings₹1,159.907%Over (-47.6%)
ROCE CapitalReturns₹942.977%Over (-57.4%)
Revenue MultipleRevenue₹1,682.895%Over (-23.9%)
Consensus (10 models)₹1,733.75100%Overvalued
Key Drivers: Wide model spread (₹275–₹2,540) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 18.7%

*Investments are subject to market risks

Investment Snapshot

62
Bharat Bijlee Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 9.7% AverageROE 7.0% AverageD/E 0.24 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 33.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 9% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +16% YoY GrowingProfit (4Q): +20% YoY Positive
Industry Rank65/100 · Strong
P/E 19.1 vs industry 312.6 Cheaper than peersROCE 9.7% vs industry 9.6% Average3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:42 am

Market Cap 2,500 Cr.
Current Price 2,212
Intrinsic Value₹1,733.75
High / Low 3,475/2,009
Stock P/E19.1
Book Value 1,942
Dividend Yield1.58 %
ROCE9.66 %
ROE7.00 %
Face Value 5.00
PEG Ratio1.02

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bharat Bijlee Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bharat Bijlee Ltd 2,500 Cr. 2,212 3,475/2,00919.1 1,9421.58 %9.66 %7.00 % 5.00
Ujaas Energy Ltd 1,847 Cr. 138 225/76.5606 6.600.00 %9.98 %9.68 % 1.00
IMP Powers Ltd 4.84 Cr. 5.60 / 3180.00 %9.21 %% 10.0
Industry Average2,173.50 Cr785.20312.55755.530.53%9.62%8.34%5.33

All Competitor Stocks of Bharat Bijlee Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 324388430441420424587375394514619465473
Expenses 300355391409381385526345372461556431439
Operating Profit 24333933383962292253633435
OPM % 7%8%9%7%9%9%11%8%6%10%10%7%7%
Other Income 778107101210119131012
Interest 5675555333424
Depreciation 3333345555555
Profit before tax 23313733374064322554683737
Tax % 25%24%27%24%24%25%24%25%26%25%26%25%25%
Net Profit 17232725283049241941502828
EPS in Rs 14.9920.4323.7722.4224.6826.2742.9521.1716.6235.9444.5124.6724.98

Last Updated: January 2, 2026, 6:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4856106386777749329297311,2661,4181,8721,9022,126
Expenses 4916286186587378728586921,1791,2991,6981,7301,960
Operating Profit -6-1820203761703987120175171166
OPM % -1%-3%3%3%5%7%8%5%7%8%9%9%8%
Other Income 18182127682930272429384345
Interest 15232319232023192424231615
Depreciation 11121010989101213151921
Profit before tax -13-347187362693775111174179176
Tax % -16%-1%2%20%16%33%34%29%25%25%24%25%
Net Profit -11-34714614246265683131134131
EPS in Rs -9.99-30.136.3612.7653.9636.7540.3723.0549.1973.65116.32118.24115.99
Dividend Payout % 0%0%0%0%2%17%15%11%30%27%30%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-209.09%120.59%100.00%335.71%-31.15%9.52%-43.48%115.38%48.21%57.83%2.29%
Change in YoY Net Profit Growth (%)0.00%329.68%-20.59%235.71%-366.86%40.67%-53.00%158.86%-67.17%9.62%-55.54%

Bharat Bijlee Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:15%
3 Years:15%
TTM:10%
Compounded Profit Growth
10 Years:19%
5 Years:25%
3 Years:34%
TTM:6%
Stock Price CAGR
10 Years:28%
5 Years:50%
3 Years:44%
1 Year:-43%
Return on Equity
10 Years:6%
5 Years:6%
3 Years:7%
Last Year:7%

Last Updated: September 5, 2025, 12:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6666666666666
Reserves 2952602676466867467509671,1181,3721,8591,9362,189
Borrowings 8113316917821519924823827928715080191
Other Liabilities 193201201213208197237266258386490601723
Total Liabilities 5765996421,0421,1141,1481,2401,4761,6602,0522,5052,6223,109
Fixed Assets 94847772656974102105108130129130
CWIP 1111782433231447
Investments 12883523473763535616738901,3241,3411,623
Other Assets 4695075566186936957908108781,0511,0481,1381,308
Total Assets 5765996421,0421,1141,1481,2401,4761,6602,0522,5052,6223,109

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6-41-513-53531239-952241175
Cash from Investing Activity + 1110-11626-20-22-13-14-10-52-54
Cash from Financing Activity + -183114-718-3410-2017-31-182-123
Net Cash Flow -10-212-10-116-6117-2
Free Cash Flow 1-43-99-1439-1522-2636209141
CFO/OP -131%223%-30%44%-104%112%36%115%10%65%162%129%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-87.00-151.00-149.00-158.00-178.00-138.00-178.00-199.00-192.00-167.0025.0091.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 11912712812014010011512099997472
Inventory Days 1206880917481114190861167482
Days Payable 142115114115103849613354715970
Cash Conversion Cycle 97809497111981331781301458985
Working Capital Days 134191145879499138421003036
ROCE %0%-3%7%6%6%9%9%5%8%9%11%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 33.86%33.86%33.86%33.72%33.72%33.69%33.69%33.69%33.69%33.65%33.65%33.65%
FIIs 0.88%1.68%2.07%2.14%2.32%3.60%4.79%5.30%3.79%3.63%3.67%3.57%
DIIs 6.06%5.04%5.66%7.82%9.19%12.70%16.31%17.77%17.34%17.96%18.36%17.64%
Public 59.20%59.43%58.40%56.33%54.77%50.02%45.23%43.26%45.19%44.75%44.33%45.13%
No. of Shareholders 26,13029,12534,47936,69839,72350,79053,43339,23343,51845,47343,30043,491

Shareholding Pattern Chart

No. of Shareholders

Bharat Bijlee Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
LIC MF Large & Mid Cap Fund 138,858 1.3 39.0264,4752025-12-08 04:11:40115.37%
Quant Infrastructure Fund 128,940 1.3 36.2364,4702025-12-08 06:04:49100%
HSBC Flexi Cap Fund 125,120 0.66 35.16114,5002026-02-23 00:14:479.28%
HSBC Value Fund 121,701 0.24 34.296,4822026-02-23 00:14:4726.14%
LIC MF Infrastructure Fund 92,624 2.75 26.0393,6332026-01-26 09:00:54-1.08%
HSBC Multi Cap Fund 92,613 0.5 26.02N/AN/AN/A
LIC MF Manufacturing Fund 74,891 2.97 21.04N/AN/AN/A
Tata Infrastructure Fund 68,566 1 19.27N/AN/AN/A
WhiteOak Capital Flexi Cap Fund 66,148 0.26 18.59N/AN/AN/A
HSBC Infrastructure Fund 54,584 0.7 15.34N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.0010.0010.0010.0010.00
Basic EPS (Rs.) 118.24232.57147.2698.3446.09
Diluted EPS (Rs.) 118.24232.57147.2698.3446.09
Cash EPS (Rs.) 135.35259.89170.14119.6763.24
Book Value[Excl.RevalReserv]/Share (Rs.) 1717.843300.182437.721987.681720.35
Book Value[Incl.RevalReserv]/Share (Rs.) 1717.843300.182437.721987.681720.35
Dividend / Share (Rs.) 35.0070.0040.0030.005.00
Revenue From Operations / Share (Rs.) 1682.913313.182509.902239.611293.53
PBDIT / Share (Rs.) 186.54371.80258.97190.45112.05
PBIT / Share (Rs.) 169.47344.48236.09169.1294.90
PBT / Share (Rs.) 158.42308.01197.04131.9264.86
Net Profit / Share (Rs.) 118.27232.57147.2698.3446.09
PBDIT Margin (%) 11.0811.2210.318.508.66
PBIT Margin (%) 10.0610.399.407.557.33
PBT Margin (%) 9.419.297.855.895.01
Net Profit Margin (%) 7.027.015.864.393.56
Return on Networth / Equity (%) 6.887.046.044.942.67
Return on Capital Employeed (%) 9.139.819.238.205.36
Return On Assets (%) 5.095.244.053.341.76
Total Debt / Equity (X) 0.040.080.200.240.24
Asset Turnover Ratio (%) 0.740.820.760.800.53
Current Ratio (X) 2.191.661.721.381.68
Quick Ratio (X) 1.631.161.200.931.14
Inventory Turnover Ratio (X) 6.844.454.153.742.47
Dividend Payout Ratio (NP) (%) 29.5917.1920.375.080.00
Dividend Payout Ratio (CP) (%) 25.8615.3917.634.170.00
Earning Retention Ratio (%) 70.4182.8179.6394.920.00
Cash Earning Retention Ratio (%) 74.1484.6182.3795.830.00
Interest Coverage Ratio (X) 16.8910.196.635.123.73
Interest Coverage Ratio (Post Tax) (X) 11.717.384.773.642.53
Enterprise Value (Cr.) 2932.793603.041701.901250.14853.45
EV / Net Operating Revenue (X) 1.541.921.200.981.17
EV / EBITDA (X) 13.9117.1511.6311.6113.48
MarketCap / Net Operating Revenue (X) 1.711.931.010.770.86
Retention Ratios (%) 70.4082.8079.6294.910.00
Price / BV (X) 1.681.941.040.870.64
Price / Net Operating Revenue (X) 1.711.931.010.770.86
EarningsYield 0.040.030.050.050.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bharat Bijlee Ltd. is a Public Limited Listed company incorporated on 22/06/1946 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L31300MH1946PLC005017 and registration number is 005017. Currently Company is involved in the business activities of Manufacture of electric power distribution transformers, arc-welding transformers, fluorescent ballasts, transmission and distribution voltage regulators. Company's Total Operating Revenue is Rs. 1901.69 Cr. and Equity Capital is Rs. 5.65 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - TransformersElectric Mansion, 6th Floor, Appasaheb Marathe Marg, Mumbai Maharashtra 400025Contact not found
Management
NamePosition Held
Mr. Prakash V MehtaChairman & Ind.Dire (Non-Exe)
Mr. Nikhil J DananiVice Chairman & Mng.Director
Mr. Nakul P MehtaVice Chairman & Mng.Director
Mr. Shome N DananiExecutive Director
Mr. Sanjiv N ShahNon Executive Director
Mr. Jairaj C ThackerNon Executive Director
Mr. Rajeshwar D BajaajNon Executive Director
Ms. Mahnaz A CurmallyIndependent Director
Mr. Joseph Conrad A D'SouzaIndependent Director
Mr. Premal P MadhavjiIndependent Director
Mr. Jehangir H C JehangirIndependent Director

FAQ

What is the intrinsic value of Bharat Bijlee Ltd and is it undervalued?

As of 15 April 2026, Bharat Bijlee Ltd's intrinsic value is ₹1733.75, which is 21.62% lower than the current market price of ₹2,212.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.00 %), book value (₹1,942), dividend yield (1.58 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bharat Bijlee Ltd?

Bharat Bijlee Ltd is trading at ₹2,212.00 as of 15 April 2026, with a FY2026-2027 high of ₹3,475 and low of ₹2,009. The stock is currently near its 52-week low. Market cap stands at ₹2,500 Cr..

How does Bharat Bijlee Ltd's P/E ratio compare to its industry?

Bharat Bijlee Ltd has a P/E ratio of 19.1, which is below the industry average of 312.55. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bharat Bijlee Ltd financially healthy?

Key indicators for Bharat Bijlee Ltd: ROCE of 9.66 % is on the lower side compared to the industry average of 9.62%; ROE of 7.00 % is below ideal levels (industry average: 8.34%). Dividend yield is 1.58 %.

Is Bharat Bijlee Ltd profitable and how is the profit trend?

Bharat Bijlee Ltd reported a net profit of ₹134 Cr in Mar 2025 on revenue of ₹1,902 Cr. Compared to ₹56 Cr in Mar 2022, the net profit shows an improving trend.

Does Bharat Bijlee Ltd pay dividends?

Bharat Bijlee Ltd has a dividend yield of 1.58 % at the current price of ₹2,212.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bharat Bijlee Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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