Share Price and Basic Stock Data
Last Updated: February 6, 2026, 8:29 pm
| PEG Ratio | 24.28 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Bharat Heavy Electricals Ltd (BHEL), a prominent player in the heavy engineering sector, reported a market capitalization of ₹89,978 Cr. As of the latest data, BHEL’s share price stood at ₹258, reflecting a Price-to-Earnings (P/E) ratio of 111. The company has displayed fluctuating revenue trends, with sales recorded at ₹5,203 Cr in September 2022 and peaking at ₹8,227 Cr in March 2023. However, subsequent quarters showed volatility, with sales dropping to ₹5,003 Cr in June 2023, before recovering to ₹5,125 Cr in September 2023. The trailing twelve months (TTM) revenue stood at ₹29,269 Cr, indicating an upward trajectory compared to historical figures, although it remains lower than the sector average for similar engineering firms. This revenue fluctuation can be attributed to the cyclical nature of project-based engineering work and changes in demand within the power sector, where BHEL primarily operates.
Profitability and Efficiency Metrics
BHEL’s profitability has been a concern, as evidenced by its Operating Profit Margin (OPM) which reported an average of 4% for the fiscal year ending March 2025, compared to a typical industry range of 7-15%. The company’s net profit for the same period was ₹534 Cr, translating to a net profit margin of 1.67%. The Return on Equity (ROE) stood at 2.12%, indicating limited profitability relative to shareholder equity. Efficiency metrics reflect a Cash Conversion Cycle (CCC) of 106 days, which is relatively high compared to industry standards, suggesting challenges in managing working capital effectively. The Interest Coverage Ratio (ICR) at 2.28x indicates that while BHEL can cover its interest obligations, it operates on a thin margin, emphasizing the need for improved 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 against reserves of ₹23,704 Cr, reflecting a manageable debt-to-equity ratio of 0.35. This ratio is favorable compared to typical industry benchmarks, suggesting that BHEL is not overly leveraged. However, total liabilities increased to ₹71,972 Cr, indicating a rising debt burden that may affect future cash flows. The company’s book value per share stood at ₹71, which, when compared to its current market price, gives a Price-to-Book Value (P/BV) ratio of 3.04x. This valuation suggests that the market is pricing in a premium for future growth potential, despite current profitability challenges. Furthermore, the Return on Capital Employed (ROCE) at 3.60% points to inefficiencies in utilizing capital effectively.
Shareholding Pattern and Investor Confidence
The shareholding structure of BHEL reflects a stable promoter presence, with promoters holding 63.17% of the total shares, contributing to governance stability. Foreign Institutional Investors (FIIs) have seen a decline in their stake, from 8.48% in December 2022 to 6.23% by September 2025, indicating waning confidence among international investors. Domestic Institutional Investors (DIIs) increased their holdings slightly to 18.62%, suggesting some level of institutional confidence in the company. The total number of shareholders rose to 19,61,664, reflecting an expanding retail investor base, albeit amidst recent volatility. The decline in FII participation could be interpreted as a risk factor, potentially impacting liquidity and market sentiment. Overall, while promoter stability is a strength, the fluctuating FII interest raises concerns about investor confidence in BHEL’s future prospects.
Outlook, Risks, and Final Insight
Looking ahead, BHEL faces both opportunities and challenges. The company’s ability to improve its operational efficiency and profitability will be critical in addressing its current financial metrics, particularly the low ROE and high CCC. Risks include potential project delays and fluctuations in demand within the power sector, which could adversely affect revenue and margins. However, the stable promoter holding and improving domestic institutional support provide a buffer against market volatility. Should BHEL successfully navigate these challenges and enhance its efficiency, it could leverage its significant market position for future growth. Conversely, persistent inefficiencies and declining foreign interest could hinder its recovery. Overall, BHEL’s path forward hinges on strategic improvements in operational execution and market positioning within the engineering sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Lakshmi Engineering & Warehousing Ltd | 130 Cr. | 1,945 | 2,787/1,805 | 153 | 328 | 0.51 % | 5.84 % | 4.01 % | 100 |
| HLE Glascoat Ltd | 2,598 Cr. | 374 | 662/218 | 45.4 | 73.0 | 0.29 % | 12.5 % | 10.7 % | 2.00 |
| Harish Textile Engineers Ltd | 21.8 Cr. | 65.3 | 92.7/52.4 | 6.58 | 33.2 | 0.00 % | 9.56 % | 2.84 % | 10.0 |
| Disa India Ltd | 1,970 Cr. | 13,549 | 16,074/11,015 | 33.6 | 1,905 | 1.48 % | 28.9 % | 21.2 % | 10.0 |
| Cranex Ltd | 55.8 Cr. | 85.0 | 118/56.0 | 28.6 | 38.3 | 0.00 % | 10.3 % | 11.1 % | 10.0 |
| Industry Average | 9,714.17 Cr | 1,421.72 | 43.75 | 296.24 | 0.35% | 15.76% | 13.09% | 8.88 |
Quarterly Result
| Metric | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,263 | 8,227 | 5,003 | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 | 8,993 | 5,487 | 7,512 | 8,473 |
| Expenses | 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 |
| Operating Profit | 144 | 1,049 | -178 | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 | 581 | 545 |
| OPM % | 3% | 13% | -4% | -3% | 4% | 9% | -3% | 4% | 4% | 9% | -10% | 8% | 6% |
| Other Income | 110 | 125 | 130 | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 | 189 | 235 |
| Interest | 139 | 161 | 168 | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 | 182 |
| Depreciation | 62 | 73 | 60 | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 75 | 78 |
| Profit before tax | 53 | 940 | -276 | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 | 499 | 520 |
| Tax % | 20% | 30% | -26% | -69% | 29% | 23% | -24% | 25% | 25% | 28% | -25% | 25% | 25% |
| Net Profit | 42 | 658 | -205 | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 | 375 | 390 |
| EPS in Rs | 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 |
Last Updated: February 6, 2026, 12:16 pm
Below is a detailed analysis of the quarterly data for Bharat Heavy Electricals Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:
- For Sales, as of Dec 2025, the value is 8,473.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,512.00 Cr. (Sep 2025) to 8,473.00 Cr., marking an increase of 961.00 Cr..
- For Expenses, as of Dec 2025, the value is 7,928.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,931.00 Cr. (Sep 2025) to 7,928.00 Cr., marking an increase of 997.00 Cr..
- For Operating Profit, as of Dec 2025, the value is 545.00 Cr.. The value appears to be declining and may need further review. It has decreased from 581.00 Cr. (Sep 2025) to 545.00 Cr., marking a decrease of 36.00 Cr..
- For OPM %, as of Dec 2025, the value is 6.00%. The value appears to be declining and may need further review. It has decreased from 8.00% (Sep 2025) to 6.00%, marking a decrease of 2.00%.
- For Other Income, as of Dec 2025, the value is 235.00 Cr.. The value appears strong and on an upward trend. It has increased from 189.00 Cr. (Sep 2025) to 235.00 Cr., marking an increase of 46.00 Cr..
- For Interest, as of Dec 2025, the value is 182.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 195.00 Cr. (Sep 2025) to 182.00 Cr., marking a decrease of 13.00 Cr..
- For Depreciation, as of Dec 2025, the value is 78.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 75.00 Cr. (Sep 2025) to 78.00 Cr., marking an increase of 3.00 Cr..
- For Profit before tax, as of Dec 2025, the value is 520.00 Cr.. The value appears strong and on an upward trend. It has increased from 499.00 Cr. (Sep 2025) to 520.00 Cr., marking an increase of 21.00 Cr..
- For Tax %, as of Dec 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 25.00%.
- For Net Profit, as of Dec 2025, the value is 390.00 Cr.. The value appears strong and on an upward trend. It has increased from 375.00 Cr. (Sep 2025) to 390.00 Cr., marking an increase of 15.00 Cr..
- For EPS in Rs, as of Dec 2025, the value is 1.12. The value appears strong and on an upward trend. It has increased from 1.08 (Sep 2025) to 1.12, marking an increase of 0.04.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:34 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: December 10, 2025, 2:28 am
| 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 |
|---|---|---|---|---|---|---|
| SBI Midcap Fund | 30,000,000 | 3.7 | 862.35 | 23,832,255 | 2025-12-15 02:51:14 | 25.88% |
| Nippon India Small Cap Fund | 29,507,422 | 1.24 | 848.19 | 28,538,232 | 2025-12-15 02:51:14 | 3.4% |
| Nippon India Growth Mid Cap Fund | 18,184,846 | 1.24 | 522.72 | N/A | N/A | N/A |
| Axis Midcap Fund | 16,544,200 | 1.5 | 475.56 | 15,025,585 | 2026-01-26 05:00:11 | 10.11% |
| Mirae Asset Large & Midcap Fund | 10,389,522 | 0.68 | 298.65 | 15,386,953 | 2025-12-15 02:51:14 | -32.48% |
| Mirae Asset Midcap Fund | 8,904,156 | 1.39 | 255.95 | 9,580,828 | 2026-01-25 01:13:54 | -7.06% |
| Nippon India Focused Fund | 8,651,038 | 2.83 | 248.67 | 11,805,375 | 2025-12-15 02:51:14 | -26.72% |
| Nippon India Value Fund | 8,108,367 | 2.55 | 233.08 | 5,080,338 | 2025-12-08 01:35:39 | 59.6% |
| Aditya Birla Sun Life PSU Equity Fund | 7,796,301 | 3.97 | 224.1 | 6,541,886 | 2025-12-08 01:35:39 | 19.18% |
| ICICI Prudential India Opportunities Fund | 7,030,107 | 0.58 | 202.08 | N/A | N/A | N/A |
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 |
|---|---|
|
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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: 13.09%)
- 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: 114 (Industry average Stock P/E: 43.75)
- 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 | Contact not found |
| 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 06 February 2026) is ₹142.16 which is 46.76% lower the current market price of ₹267.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹92,866 Cr. market cap, FY2025-2026 high/low of ₹306/176, 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 92,866 Cr..
What is the current Stock Price of Bharat Heavy Electricals Ltd as on 06 February 2026?
The current stock price of Bharat Heavy Electricals Ltd as on 06 February 2026 is ₹267.
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 ₹306/176.
What is the Stock P/E of Bharat Heavy Electricals Ltd?
The Stock P/E of Bharat Heavy Electricals Ltd is 114.
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 0.19 %.
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.