Share Price and Basic Stock Data
Last Updated: November 28, 2025, 7:44 am
| PEG Ratio | 38.56 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Bharat Heavy Electricals Ltd (BHEL), a key player in the heavy engineering sector, reported a market capitalization of ₹1,01,276 Cr and a stock price of ₹291. The company has shown a varied performance in its revenue generation over the past quarters. For instance, its sales stood at ₹4,672 Cr in June 2022, increasing to ₹8,227 Cr by March 2023. This upward trend continued, with sales reaching ₹5,125 Cr in September 2023 and projected to rise to ₹8,260 Cr by March 2024. However, the pattern reveals fluctuations; sales dipped to ₹5,003 Cr in June 2023. Annual sales figures reflect a similar trend, with ₹23,365 Cr reported for FY 2023 and an anticipated rise to ₹28,339 Cr for FY 2025. The company’s ability to maintain revenue growth in a competitive environment underscores its position, although the volatility in quarterly figures raises questions about consistent operational stability.
Profitability and Efficiency Metrics
Profitability metrics for BHEL indicate a challenging environment, with an operating profit margin (OPM) of -10% as of the latest reporting. The company recorded a net profit of ₹559 Cr for the trailing twelve months (TTM), with a net profit margin of 1.67% for FY 2025. Operating profits fluctuated significantly, with a high of ₹1,049 Cr in March 2023, followed by operating losses in other quarters, showcasing operational inefficiencies. The return on equity (ROE) is notably low at 2.12%, and the return on capital employed (ROCE) stood at 4.87%, which are below optimal levels compared to industry benchmarks. The interest coverage ratio (ICR) of 2.28x indicates that while the company can meet its interest obligations, the margin for safety is narrow. These metrics reflect the need for improved cost management and operational efficiency to enhance profitability.
Balance Sheet Strength and Financial Ratios
BHEL’s balance sheet reveals a mixed picture of financial health. The company reported total borrowings of ₹10,969 Cr, which, relative to reserves of ₹23,704 Cr, indicates a manageable debt level with a debt-to-equity ratio of 0.35. This suggests a conservative financial structure compared to industry norms, which typically range higher. However, the company’s cash conversion cycle (CCC) of 106 days points to inefficiencies in inventory management and receivables collection. With a current ratio of 1.51, BHEL demonstrates adequate liquidity to cover short-term obligations, although the quick ratio of 1.17 suggests that reliance on inventory might be a concern. The price-to-book value (P/BV) ratio of 3.04x indicates that the stock is trading at a premium compared to its book value, reflecting market confidence but also suggesting potential overvaluation if profitability does not improve.
Shareholding Pattern and Investor Confidence
BHEL’s shareholding structure shows a strong promoter holding of 63.17%, indicating a significant commitment from the company’s founders. However, foreign institutional investors (FIIs) have decreased their stake from 8.48% in December 2022 to 6.23% by September 2025, suggesting a waning interest from foreign investors. Domestic institutional investors (DIIs) have shown a more stable presence, holding 18.62% of the shares as of the latest report, reflecting some level of confidence in the company’s long-term prospects. The number of shareholders has grown significantly, reaching 19,61,664, which points to increasing retail participation. This broadening of the shareholder base is a positive sign, but the declining FII interest could indicate concerns over the company’s future performance, potentially impacting overall investor sentiment.
Outlook, Risks, and Final Insight
The outlook for BHEL hinges on its ability to enhance operational efficiency and profitability amidst fluctuating revenues. The company faces risks, including high operational costs reflected in its negative operating profit margins, and reliance on a considerable debt load, which could strain future cash flows. Additionally, the decline in foreign institutional investment may limit access to capital and market confidence. However, strengths such as a solid promoter holding and a growing retail investor base provide some resilience. If BHEL can leverage its reserves effectively and improve its margins, it may navigate these challenges successfully. Conversely, failure to address operational inefficiencies and sustain investor confidence could lead to prolonged underperformance in a competitive industry landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Bharat Heavy Electricals Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Lakshmi Engineering & Warehousing Ltd | 154 Cr. | 2,300 | 2,787/1,805 | 181 | 328 | 0.43 % | 5.84 % | 4.01 % | 100 |
| HLE Glascoat Ltd | 3,267 Cr. | 470 | 662/218 | 57.1 | 73.0 | 0.23 % | 12.5 % | 10.7 % | 2.00 |
| Harish Textile Engineers Ltd | 22.7 Cr. | 68.0 | 103/52.4 | 6.85 | 33.2 | 0.00 % | 9.56 % | 2.84 % | 10.0 |
| Disa India Ltd | 1,820 Cr. | 12,514 | 18,000/12,282 | 35.1 | 1,905 | 1.60 % | 28.9 % | 21.2 % | 10.0 |
| Cranex Ltd | 47.3 Cr. | 72.0 | 151/62.5 | 24.2 | 38.3 | 0.00 % | 10.3 % | 11.1 % | 10.0 |
| Industry Average | 10,762.72 Cr | 1,437.97 | 81.35 | 296.33 | 0.33% | 15.76% | 12.90% | 8.88 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,672 | 5,203 | 5,263 | 8,227 | 5,003 | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 | 8,993 | 5,487 |
| Expenses | 4,842 | 5,446 | 5,119 | 7,178 | 5,182 | 5,279 | 5,287 | 7,532 | 5,654 | 6,309 | 6,973 | 8,162 | 6,024 |
| Operating Profit | -170 | -244 | 144 | 1,049 | -178 | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 |
| OPM % | -4% | -5% | 3% | 13% | -4% | -3% | 4% | 9% | -3% | 4% | 4% | 9% | -10% |
| Other Income | 84 | 226 | 110 | 125 | 130 | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 |
| Interest | 98 | 123 | 139 | 161 | 168 | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 |
| Depreciation | 67 | 59 | 62 | 73 | 60 | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 |
| Profit before tax | -251 | -199 | 53 | 940 | -276 | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 |
| Tax % | -25% | -106% | 20% | 30% | -26% | -69% | 29% | 23% | -24% | 25% | 25% | 28% | -25% |
| Net Profit | -188 | 12 | 42 | 658 | -205 | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 |
| EPS in Rs | -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 |
Last Updated: August 20, 2025, 12:50 pm
Below is a detailed analysis of the quarterly data for Bharat Heavy Electricals Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 5,487.00 Cr.. The value appears to be declining and may need further review. It has decreased from 8,993.00 Cr. (Mar 2025) to 5,487.00 Cr., marking a decrease of 3,506.00 Cr..
- For Expenses, as of Jun 2025, the value is 6,024.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 8,162.00 Cr. (Mar 2025) to 6,024.00 Cr., marking a decrease of 2,138.00 Cr..
- For Operating Profit, as of Jun 2025, the value is -537.00 Cr.. The value appears to be declining and may need further review. It has decreased from 832.00 Cr. (Mar 2025) to -537.00 Cr., marking a decrease of 1,369.00 Cr..
- For OPM %, as of Jun 2025, the value is -10.00%. The value appears to be declining and may need further review. It has decreased from 9.00% (Mar 2025) to -10.00%, marking a decrease of 19.00%.
- For Other Income, as of Jun 2025, the value is 185.00 Cr.. The value appears strong and on an upward trend. It has increased from 159.00 Cr. (Mar 2025) to 185.00 Cr., marking an increase of 26.00 Cr..
- For Interest, as of Jun 2025, the value is 181.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 201.00 Cr. (Mar 2025) to 181.00 Cr., marking a decrease of 20.00 Cr..
- For Depreciation, as of Jun 2025, the value is 75.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 85.00 Cr. (Mar 2025) to 75.00 Cr., marking a decrease of 10.00 Cr..
- For Profit before tax, as of Jun 2025, the value is -608.00 Cr.. The value appears to be declining and may need further review. It has decreased from 704.00 Cr. (Mar 2025) to -608.00 Cr., marking a decrease of 1,312.00 Cr..
- For Tax %, as of Jun 2025, the value is -25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 28.00% (Mar 2025) to -25.00%, marking a decrease of 53.00%.
- For Net Profit, as of Jun 2025, the value is -456.00 Cr.. The value appears to be declining and may need further review. It has decreased from 504.00 Cr. (Mar 2025) to -456.00 Cr., marking a decrease of 960.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is -1.31. The value appears to be declining and may need further review. It has decreased from 1.45 (Mar 2025) to -1.31, marking a decrease of 2.76.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 5:39 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39,561 | 31,323 | 25,505 | 28,465 | 28,827 | 30,441 | 21,463 | 17,309 | 21,211 | 23,365 | 23,893 | 28,339 | 29,269 |
| Expenses | 34,982 | 29,183 | 26,862 | 27,370 | 27,174 | 28,409 | 21,596 | 20,357 | 20,383 | 22,321 | 23,182 | 26,940 | 28,089 |
| Operating Profit | 4,579 | 2,141 | -1,357 | 1,095 | 1,653 | 2,032 | -133 | -3,049 | 828 | 1,044 | 711 | 1,399 | 1,180 |
| OPM % | 12% | 7% | -5% | 4% | 6% | 7% | -1% | -18% | 4% | 4% | 3% | 5% | 4% |
| Other Income | 1,617 | 1,221 | 1,492 | 753 | 679 | 662 | 590 | 393 | 405 | 544 | 608 | 524 | 659 |
| Interest | 133 | 92 | 360 | 413 | 330 | 378 | 613 | 467 | 448 | 612 | 828 | 906 | 762 |
| Depreciation | 985 | 1,082 | 937 | 850 | 787 | 476 | 503 | 473 | 314 | 260 | 249 | 272 | 303 |
| Profit before tax | 5,078 | 2,187 | -1,161 | 586 | 1,215 | 1,840 | -659 | -3,596 | 470 | 716 | 243 | 746 | 774 |
| Tax % | 31% | 34% | -39% | 22% | 64% | 46% | 123% | -25% | 5% | 9% | -16% | 28% | |
| Net Profit | 3,502 | 1,450 | -706 | 455 | 438 | 1,002 | -1,468 | -2,700 | 445 | 654 | 282 | 534 | 559 |
| EPS in Rs | 9.54 | 3.96 | -1.92 | 1.25 | 1.20 | 2.89 | -4.21 | -7.75 | 1.28 | 1.88 | 0.81 | 1.53 | 1.61 |
| Dividend Payout % | 20% | 20% | -14% | 85% | 151% | 69% | 0% | 0% | 31% | 21% | 31% | 33% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -58.60% | -148.69% | 164.45% | -3.74% | 128.77% | -246.51% | -83.92% | 116.48% | 46.97% | -56.88% | 89.36% |
| Change in YoY Net Profit Growth (%) | 0.00% | -90.09% | 313.14% | -168.18% | 132.50% | -375.27% | 162.58% | 200.41% | -69.52% | -103.85% | 146.24% |
Bharat Heavy Electricals 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: | -1% |
| 5 Years: | 6% |
| 3 Years: | 10% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | 19% |
| 3 Years: | 6% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 40% |
| 3 Years: | 52% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -1% |
| 3 Years: | 2% |
| Last Year: | 2% |
Last Updated: September 5, 2025, 12:55 am
Balance Sheet
Last Updated: November 9, 2025, 1:45 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 490 | 490 | 490 | 490 | 734 | 696 | 696 | 696 | 696 | 696 | 696 | 696 | 696 |
| Reserves | 32,681 | 33,717 | 31,825 | 31,899 | 31,601 | 30,208 | 27,964 | 25,287 | 25,810 | 23,682 | 23,742 | 24,026 | 23,704 |
| Borrowings | 4,693 | 1,889 | 211 | 156 | 110 | 2,598 | 5,080 | 4,951 | 4,830 | 5,454 | 8,856 | 9,015 | 10,969 |
| Other Liabilities | 37,468 | 34,887 | 33,051 | 29,153 | 31,495 | 30,987 | 26,550 | 25,025 | 25,654 | 27,832 | 26,489 | 35,112 | 36,603 |
| Total Liabilities | 75,331 | 70,983 | 65,577 | 61,698 | 63,940 | 64,490 | 60,291 | 55,960 | 56,991 | 57,664 | 59,784 | 68,849 | 71,972 |
| Fixed Assets | 4,729 | 4,230 | 3,969 | 3,601 | 3,073 | 2,970 | 2,817 | 2,491 | 2,398 | 2,476 | 2,574 | 2,947 | 2,958 |
| CWIP | 2,931 | 2,614 | 318 | 168 | 203 | 235 | 314 | 420 | 431 | 354 | 308 | 195 | 275 |
| Investments | 6 | 6 | 796 | 757 | 429 | 152 | 162 | 185 | 205 | 235 | 256 | 276 | 282 |
| Other Assets | 67,665 | 64,134 | 60,494 | 57,171 | 60,235 | 61,132 | 56,998 | 52,864 | 53,956 | 54,599 | 56,646 | 65,431 | 68,457 |
| Total Assets | 75,331 | 70,983 | 65,577 | 61,698 | 63,940 | 64,490 | 60,291 | 55,960 | 56,991 | 57,664 | 59,784 | 68,849 | 71,972 |
Below is a detailed analysis of the balance sheet data for Bharat Heavy Electricals Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 696.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 696.00 Cr..
- For Reserves, as of Sep 2025, the value is 23,704.00 Cr.. The value appears to be declining and may need further review. It has decreased from 24,026.00 Cr. (Mar 2025) to 23,704.00 Cr., marking a decrease of 322.00 Cr..
- For Borrowings, as of Sep 2025, the value is 10,969.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 9,015.00 Cr. (Mar 2025) to 10,969.00 Cr., marking an increase of 1,954.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 36,603.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 35,112.00 Cr. (Mar 2025) to 36,603.00 Cr., marking an increase of 1,491.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 71,972.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 68,849.00 Cr. (Mar 2025) to 71,972.00 Cr., marking an increase of 3,123.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 2,958.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,947.00 Cr. (Mar 2025) to 2,958.00 Cr., marking an increase of 11.00 Cr..
- For CWIP, as of Sep 2025, the value is 275.00 Cr.. The value appears strong and on an upward trend. It has increased from 195.00 Cr. (Mar 2025) to 275.00 Cr., marking an increase of 80.00 Cr..
- For Investments, as of Sep 2025, the value is 282.00 Cr.. The value appears strong and on an upward trend. It has increased from 276.00 Cr. (Mar 2025) to 282.00 Cr., marking an increase of 6.00 Cr..
- For Other Assets, as of Sep 2025, the value is 68,457.00 Cr.. The value appears strong and on an upward trend. It has increased from 65,431.00 Cr. (Mar 2025) to 68,457.00 Cr., marking an increase of 3,026.00 Cr..
- For Total Assets, as of Sep 2025, the value is 71,972.00 Cr.. The value appears strong and on an upward trend. It has increased from 68,849.00 Cr. (Mar 2025) to 71,972.00 Cr., marking an increase of 3,123.00 Cr..
Notably, the Reserves (23,704.00 Cr.) exceed the Borrowings (10,969.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 0.00 | 1.00 | -212.00 | -155.00 | -109.00 | 0.00 | -138.00 | -7.00 | 824.00 | -4.00 | 703.00 | -8.00 |
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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 260 | 309 | 321 | 283 | 178 | 142 | 121 | 85 | 52 | 49 | 73 | 76 |
| Inventory Days | 195 | 270 | 272 | 200 | 191 | 218 | 321 | 333 | 274 | 261 | 253 | 289 |
| Days Payable | 174 | 239 | 240 | 225 | 301 | 297 | 300 | 281 | 291 | 345 | 270 | 259 |
| Cash Conversion Cycle | 281 | 340 | 353 | 258 | 68 | 63 | 142 | 137 | 35 | -35 | 56 | 106 |
| Working Capital Days | 133 | 192 | 208 | 162 | 121 | 100 | 72 | 42 | 1 | -5 | 60 | 99 |
| ROCE % | 15% | 6% | -2% | 3% | 5% | 7% | -0% | -10% | 3% | 4% | 3% | 5% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund | 25,000,000 | 1.33 | 752.13 | 25,000,000 | 2025-04-22 17:25:40 | 0% |
| Kotak Equity Arbitrage Fund - Regular Plan | 10,521,000 | 0.66 | 316.52 | 10,521,000 | 2025-04-22 17:25:40 | 0% |
| HSBC Midcap Fund | 10,414,900 | 2.74 | 313.33 | 10,414,900 | 2025-04-22 17:25:40 | 0% |
| SBI Arbitrage Opportunities Fund | 8,940,750 | 0.83 | 268.98 | 8,940,750 | 2025-04-22 17:25:40 | 0% |
| Aditya Birla Sun Life PSU Equity Fund | 6,541,886 | 3.84 | 196.81 | 6,541,886 | 2025-04-22 17:25:40 | 0% |
| UTI Nifty200 Momentum 30 Index Fund | 5,900,460 | 2.55 | 177.52 | 5,900,460 | 2025-04-22 17:25:40 | 0% |
| Nippon India Value Fund | 5,080,338 | 1.87 | 152.84 | 5,080,338 | 2025-04-22 17:25:40 | 0% |
| Tata Arbitrage Fund | 4,856,250 | 1.27 | 146.1 | 4,856,250 | 2025-04-22 17:25:40 | 0% |
| Nippon India Growth Fund | 4,500,000 | 0.44 | 135.38 | 4,500,000 | 2025-04-22 17:25:40 | 0% |
| Invesco India Arbitrage Fund | 4,205,250 | 0.77 | 126.51 | 4,205,250 | 2025-04-22 17:25:40 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 1.53 | 0.81 | 1.37 | 1.28 | -7.75 |
| Diluted EPS (Rs.) | 1.53 | 0.81 | 1.37 | 1.28 | -7.75 |
| Cash EPS (Rs.) | 2.14 | 1.34 | 1.96 | 2.03 | -6.52 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 71.00 | 70.18 | 77.05 | 76.12 | 74.59 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 71.00 | 70.18 | 77.05 | 76.12 | 74.59 |
| Revenue From Operations / Share (Rs.) | 81.39 | 68.62 | 67.10 | 60.92 | 49.71 |
| PBDIT / Share (Rs.) | 4.90 | 3.33 | 3.46 | 3.13 | -8.02 |
| PBIT / Share (Rs.) | 4.12 | 2.61 | 2.71 | 2.23 | -9.38 |
| PBT / Share (Rs.) | 1.97 | 0.51 | 1.22 | 1.21 | -10.45 |
| Net Profit / Share (Rs.) | 1.36 | 0.62 | 1.21 | 1.13 | -7.88 |
| NP After MI And SOA / Share (Rs.) | 1.53 | 0.81 | 1.37 | 1.28 | -7.75 |
| PBDIT Margin (%) | 6.02 | 4.85 | 5.15 | 5.13 | -16.13 |
| PBIT Margin (%) | 5.06 | 3.80 | 4.04 | 3.65 | -18.86 |
| PBT Margin (%) | 2.42 | 0.74 | 1.81 | 1.98 | -21.03 |
| Net Profit Margin (%) | 1.67 | 0.91 | 1.80 | 1.85 | -15.85 |
| NP After MI And SOA Margin (%) | 1.88 | 1.18 | 2.04 | 2.10 | -15.58 |
| Return on Networth / Equity (%) | 2.15 | 1.15 | 1.77 | 1.68 | -10.38 |
| Return on Capital Employeed (%) | 3.60 | 2.70 | 2.62 | 2.22 | -9.36 |
| Return On Assets (%) | 0.78 | 0.47 | 0.80 | 0.79 | -4.88 |
| Total Debt / Equity (X) | 0.35 | 0.36 | 0.20 | 0.17 | 0.18 |
| Asset Turnover Ratio (%) | 0.44 | 0.40 | 0.40 | 0.37 | 0.29 |
| Current Ratio (X) | 1.51 | 1.36 | 1.29 | 1.30 | 1.39 |
| Quick Ratio (X) | 1.17 | 1.08 | 0.99 | 0.99 | 1.04 |
| Inventory Turnover Ratio (X) | 3.32 | 3.42 | 0.94 | 0.77 | 1.05 |
| Dividend Payout Ratio (NP) (%) | 16.30 | 49.35 | 29.17 | 0.00 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 10.80 | 26.22 | 18.87 | 0.00 | 0.00 |
| Earning Retention Ratio (%) | 83.70 | 50.65 | 70.83 | 0.00 | 0.00 |
| Cash Earning Retention Ratio (%) | 89.20 | 73.78 | 81.13 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 2.28 | 1.58 | 2.31 | 3.06 | -7.47 |
| Interest Coverage Ratio (Post Tax) (X) | 1.63 | 1.30 | 1.81 | 2.11 | -6.34 |
| Enterprise Value (Cr.) | 76412.28 | 88726.81 | 23162.04 | 14775.23 | 15111.16 |
| EV / Net Operating Revenue (X) | 2.70 | 3.71 | 0.99 | 0.69 | 0.87 |
| EV / EBITDA (X) | 44.77 | 76.56 | 19.22 | 13.55 | -5.41 |
| MarketCap / Net Operating Revenue (X) | 2.65 | 3.60 | 1.05 | 0.81 | 0.98 |
| Retention Ratios (%) | 83.69 | 50.64 | 70.82 | 0.00 | 0.00 |
| Price / BV (X) | 3.04 | 3.52 | 0.91 | 0.64 | 0.65 |
| Price / Net Operating Revenue (X) | 2.65 | 3.60 | 1.05 | 0.81 | 0.98 |
| EarningsYield | 0.01 | 0.00 | 0.01 | 0.02 | -0.15 |
After reviewing the key financial ratios for Bharat Heavy Electricals Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 1.53. This value is below the healthy minimum of 5. It has increased from 0.81 (Mar 24) to 1.53, marking an increase of 0.72.
- For Diluted EPS (Rs.), as of Mar 25, the value is 1.53. This value is below the healthy minimum of 5. It has increased from 0.81 (Mar 24) to 1.53, marking an increase of 0.72.
- For Cash EPS (Rs.), as of Mar 25, the value is 2.14. This value is below the healthy minimum of 3. It has increased from 1.34 (Mar 24) to 2.14, marking an increase of 0.80.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 71.00. It has increased from 70.18 (Mar 24) to 71.00, marking an increase of 0.82.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 71.00. It has increased from 70.18 (Mar 24) to 71.00, marking an increase of 0.82.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 81.39. It has increased from 68.62 (Mar 24) to 81.39, marking an increase of 12.77.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 4.90. This value is within the healthy range. It has increased from 3.33 (Mar 24) to 4.90, marking an increase of 1.57.
- For PBIT / Share (Rs.), as of Mar 25, the value is 4.12. This value is within the healthy range. It has increased from 2.61 (Mar 24) to 4.12, marking an increase of 1.51.
- For PBT / Share (Rs.), as of Mar 25, the value is 1.97. This value is within the healthy range. It has increased from 0.51 (Mar 24) to 1.97, marking an increase of 1.46.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 1.36. This value is below the healthy minimum of 2. It has increased from 0.62 (Mar 24) to 1.36, marking an increase of 0.74.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 1.53. This value is below the healthy minimum of 2. It has increased from 0.81 (Mar 24) to 1.53, marking an increase of 0.72.
- For PBDIT Margin (%), as of Mar 25, the value is 6.02. This value is below the healthy minimum of 10. It has increased from 4.85 (Mar 24) to 6.02, marking an increase of 1.17.
- For PBIT Margin (%), as of Mar 25, the value is 5.06. This value is below the healthy minimum of 10. It has increased from 3.80 (Mar 24) to 5.06, marking an increase of 1.26.
- For PBT Margin (%), as of Mar 25, the value is 2.42. This value is below the healthy minimum of 10. It has increased from 0.74 (Mar 24) to 2.42, marking an increase of 1.68.
- For Net Profit Margin (%), as of Mar 25, the value is 1.67. This value is below the healthy minimum of 5. It has increased from 0.91 (Mar 24) to 1.67, marking an increase of 0.76.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 1.88. This value is below the healthy minimum of 8. It has increased from 1.18 (Mar 24) to 1.88, marking an increase of 0.70.
- For Return on Networth / Equity (%), as of Mar 25, the value is 2.15. This value is below the healthy minimum of 15. It has increased from 1.15 (Mar 24) to 2.15, marking an increase of 1.00.
- For Return on Capital Employeed (%), as of Mar 25, the value is 3.60. This value is below the healthy minimum of 10. It has increased from 2.70 (Mar 24) to 3.60, marking an increase of 0.90.
- For Return On Assets (%), as of Mar 25, the value is 0.78. This value is below the healthy minimum of 5. It has increased from 0.47 (Mar 24) to 0.78, marking an increase of 0.31.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.35. This value is within the healthy range. It has decreased from 0.36 (Mar 24) to 0.35, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.44. It has increased from 0.40 (Mar 24) to 0.44, marking an increase of 0.04.
- For Current Ratio (X), as of Mar 25, the value is 1.51. This value is within the healthy range. It has increased from 1.36 (Mar 24) to 1.51, marking an increase of 0.15.
- For Quick Ratio (X), as of Mar 25, the value is 1.17. This value is within the healthy range. It has increased from 1.08 (Mar 24) to 1.17, marking an increase of 0.09.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.32. This value is below the healthy minimum of 4. It has decreased from 3.42 (Mar 24) to 3.32, marking a decrease of 0.10.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 16.30. This value is below the healthy minimum of 20. It has decreased from 49.35 (Mar 24) to 16.30, marking a decrease of 33.05.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 10.80. This value is below the healthy minimum of 20. It has decreased from 26.22 (Mar 24) to 10.80, marking a decrease of 15.42.
- For Earning Retention Ratio (%), as of Mar 25, the value is 83.70. This value exceeds the healthy maximum of 70. It has increased from 50.65 (Mar 24) to 83.70, marking an increase of 33.05.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 89.20. This value exceeds the healthy maximum of 70. It has increased from 73.78 (Mar 24) to 89.20, marking an increase of 15.42.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 2.28. This value is below the healthy minimum of 3. It has increased from 1.58 (Mar 24) to 2.28, marking an increase of 0.70.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.63. This value is below the healthy minimum of 3. It has increased from 1.30 (Mar 24) to 1.63, marking an increase of 0.33.
- For Enterprise Value (Cr.), as of Mar 25, the value is 76,412.28. It has decreased from 88,726.81 (Mar 24) to 76,412.28, marking a decrease of 12,314.53.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.70. This value is within the healthy range. It has decreased from 3.71 (Mar 24) to 2.70, marking a decrease of 1.01.
- For EV / EBITDA (X), as of Mar 25, the value is 44.77. This value exceeds the healthy maximum of 15. It has decreased from 76.56 (Mar 24) to 44.77, marking a decrease of 31.79.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.65. This value is within the healthy range. It has decreased from 3.60 (Mar 24) to 2.65, marking a decrease of 0.95.
- For Retention Ratios (%), as of Mar 25, the value is 83.69. This value exceeds the healthy maximum of 70. It has increased from 50.64 (Mar 24) to 83.69, marking an increase of 33.05.
- For Price / BV (X), as of Mar 25, the value is 3.04. This value exceeds the healthy maximum of 3. It has decreased from 3.52 (Mar 24) to 3.04, marking a decrease of 0.48.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.65. This value is within the healthy range. It has decreased from 3.60 (Mar 24) to 2.65, marking a decrease of 0.95.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bharat Heavy Electricals Ltd:
- Net Profit Margin: 1.67%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 3.6% (Industry Average ROCE: 15.76%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 2.15% (Industry Average ROE: 12.9%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 1.63
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.17
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 181 (Industry average Stock P/E: 81.35)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.35
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 1.67%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Engineering - Heavy | BHEL House, New Delhi Delhi 110049 | shareholderquery@bhel.in http://www.bhel.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. K Sadashiv Murthy | Chairman & Managing Director |
| Mr. Ramesh Patlya Mawaskar | Independent Director |
| Mr. Ashok Aseri | Independent Director |
| Mr. Aashish Chaturvedi | Independent Director |
| Mr. Krishna Kumar Thakur | Director - Human Resources |
| Mr. Rajesh Kumar Dwivedi | Director - Finance |
| Mr. S M Ramanathan | Director - Engineering & R&D |
| Mr. Tajinder Gupta | Director |
| Ms. Bani Varma | Director |
| Mr. Vijay Mittal | Part Time Official Director |
| Ms. Arti Bhatnagar | Part Time Official Director |
FAQ
What is the intrinsic value of Bharat Heavy Electricals Ltd?
Bharat Heavy Electricals Ltd's intrinsic value (as of 28 November 2025) is 215.56 which is 25.92% lower the current market price of 291.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,01,276 Cr. market cap, FY2025-2026 high/low of 295/176, reserves of ₹23,704 Cr, and liabilities of 71,972 Cr.
What is the Market Cap of Bharat Heavy Electricals Ltd?
The Market Cap of Bharat Heavy Electricals Ltd is 1,01,276 Cr..
What is the current Stock Price of Bharat Heavy Electricals Ltd as on 28 November 2025?
The current stock price of Bharat Heavy Electricals Ltd as on 28 November 2025 is 291.
What is the High / Low of Bharat Heavy Electricals Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Bharat Heavy Electricals Ltd stocks is 295/176.
What is the Stock P/E of Bharat Heavy Electricals Ltd?
The Stock P/E of Bharat Heavy Electricals Ltd is 181.
What is the Book Value of Bharat Heavy Electricals Ltd?
The Book Value of Bharat Heavy Electricals Ltd is 70.1.
What is the Dividend Yield of Bharat Heavy Electricals Ltd?
The Dividend Yield of Bharat Heavy Electricals Ltd is 0.17 %.
What is the ROCE of Bharat Heavy Electricals Ltd?
The ROCE of Bharat Heavy Electricals Ltd is 4.87 %.
What is the ROE of Bharat Heavy Electricals Ltd?
The ROE of Bharat Heavy Electricals Ltd is 2.12 %.
What is the Face Value of Bharat Heavy Electricals Ltd?
The Face Value of Bharat Heavy Electricals Ltd is 2.00.