Share Price and Basic Stock Data
Last Updated: November 3, 2025, 8:18 pm
| PEG Ratio | -19.88 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Bharat Heavy Electricals Ltd (BHEL) operates in the engineering and heavy machinery sector, focusing on power generation and transmission equipment. As of the latest available data, BHEL recorded a market capitalization of ₹82,643 Cr and a stock price of ₹237. The company’s revenue from operations for the fiscal year ending March 2025 stood at ₹28,339 Cr, reflecting a growth trajectory from ₹23,365 Cr in March 2023. Quarterly sales figures illustrate fluctuations, with the highest quarterly sales of ₹8,260 Cr achieved in March 2024, while the subsequent quarter recorded ₹5,487 Cr. This inconsistency suggests a dependency on project completions and government contracts, which are prevalent in the heavy engineering sector. The trailing twelve months (TTM) revenue mirrored the annual figure at ₹28,341 Cr, indicating stable performance over the recent periods. Despite the challenges, BHEL’s ability to maintain sales levels around the ₹5,000 Cr mark in multiple quarters demonstrates resilience in a competitive market landscape.
Profitability and Efficiency Metrics
BHEL’s profitability metrics reveal a challenging environment for the company. The reported operating profit margin (OPM) for the fiscal year 2025 was 5.06%, reflecting a modest recovery from 4% in March 2023 but falling below the typical sector average. The company experienced significant operating losses in certain quarters, notably a negative OPM of -10% in June 2025. The net profit for the latest fiscal year was ₹534 Cr, with an earnings per share (EPS) of ₹1.53, which showcases an improvement from ₹1.28 in the previous year. However, the return on equity (ROE) stood at a meager 2.15%, highlighting inefficiencies in generating shareholder returns. BHEL’s interest coverage ratio (ICR) reported at 2.28x indicates a moderate ability to meet interest obligations, yet it remains below the preferred threshold of 3x for financial stability. The cash conversion cycle (CCC) of 106 days further emphasizes operational inefficiencies, which could hinder cash flow and overall profitability.
Balance Sheet Strength and Financial Ratios
BHEL’s balance sheet reflects a mixed picture of financial health. The company reported total borrowings of ₹9,015 Cr against reserves of ₹24,026 Cr, illustrating a debt-to-equity ratio of 0.35, which is relatively low compared to industry standards. This suggests that BHEL is not overly reliant on debt to finance its operations, which is a positive indicator for long-term sustainability. The current ratio of 1.51 indicates good short-term liquidity, ensuring the company can cover its short-term liabilities. However, the asset turnover ratio of 0.44% reveals that the company is less effective in utilizing its assets to generate revenue compared to industry peers. Furthermore, BHEL’s price-to-book value (P/BV) ratio stood at 3.04x, suggesting that the market is pricing the stock above its book value, which may imply investor confidence but also poses a risk if earnings do not meet expectations. Overall, while the balance sheet indicates manageable debt levels, the efficiency ratios suggest areas for improvement.
Shareholding Pattern and Investor Confidence
BHEL’s shareholding structure indicates a strong promoter backing, with promoters holding 63.17% of the total equity, providing stability and control within the company. The presence of domestic institutional investors (DIIs) at 18.62% and foreign institutional investors (FIIs) at 6.23% signifies a moderate level of external confidence. However, the decline in FIIs from 8.48% in December 2022 to 6.23% in March 2025 raises concerns about foreign investor sentiment. The public shareholding has seen a gradual decrease to 11.98%, suggesting potential investor fatigue or lack of interest in the stock. Furthermore, the increase in the number of shareholders from 10,27,958 in December 2022 to 19,61,664 in March 2025 indicates growing retail participation, which can be viewed positively. This evolving shareholding pattern reflects mixed sentiments among investors, with the strong promoter stake providing a buffer against volatility.
Outlook, Risks, and Final Insight
The outlook for BHEL hinges on its ability to navigate operational challenges while capitalizing on growth opportunities in the heavy engineering sector. Key strengths include a solid promoter backing and a manageable debt level, which could provide a stable foundation for future growth. However, risks such as fluctuating sales, low profitability margins, and declining foreign institutional investment may hinder performance. The company’s reliance on government contracts and infrastructure projects can be both a strength and a vulnerability, especially in times of policy shifts or budget constraints. BHEL’s ability to enhance operational efficiency and improve profitability metrics will be critical in determining its long-term viability. In scenarios where the company successfully improves its operational efficiency and captures new contracts, it may witness a positive turnaround. Conversely, continued operational inefficiencies and declining investor confidence could lead to further financial strain, necessitating strategic realignment.
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 | 149 Cr. | 2,225 | 2,787/1,805 | 186 | 325 | 0.45 % | 5.84 % | 4.01 % | 100 |
| HLE Glascoat Ltd | 4,412 Cr. | 645 | 662/218 | 78.4 | 67.3 | 0.17 % | 12.5 % | 10.7 % | 2.00 |
| Harish Textile Engineers Ltd | 20.3 Cr. | 61.0 | 103/52.4 | 15.4 | 26.6 | 0.00 % | 9.56 % | 2.84 % | 10.0 |
| Disa India Ltd | 2,005 Cr. | 13,790 | 18,995/13,100 | 38.5 | 1,834 | 1.45 % | 28.9 % | 21.2 % | 10.0 |
| Cranex Ltd | 51.4 Cr. | 78.2 | 169/75.0 | 25.8 | 36.8 | 0.00 % | 10.3 % | 11.1 % | 10.0 |
| Industry Average | 11,023.28 Cr | 1,494.73 | 52.38 | 288.12 | 0.31% | 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: October 15, 2025, 5:36 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 | 28,341 |
| 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 | 27,468 |
| Operating Profit | 4,579 | 2,141 | -1,357 | 1,095 | 1,653 | 2,032 | -133 | -3,049 | 828 | 1,044 | 711 | 1,399 | 874 |
| OPM % | 12% | 7% | -5% | 4% | 6% | 7% | -1% | -18% | 4% | 4% | 3% | 5% | 3% |
| Other Income | 1,617 | 1,221 | 1,492 | 753 | 679 | 662 | 590 | 393 | 405 | 544 | 608 | 524 | 598 |
| Interest | 133 | 92 | 360 | 413 | 330 | 378 | 613 | 467 | 448 | 612 | 828 | 906 | 768 |
| Depreciation | 985 | 1,082 | 937 | 850 | 787 | 476 | 503 | 473 | 314 | 260 | 249 | 272 | 288 |
| Profit before tax | 5,078 | 2,187 | -1,161 | 586 | 1,215 | 1,840 | -659 | -3,596 | 470 | 716 | 243 | 746 | 417 |
| 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 | 290 |
| 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 | 0.83 |
| 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: August 11, 2025, 1:44 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 490 | 490 | 490 | 490 | 734 | 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 |
| Borrowings | 4,693 | 1,889 | 211 | 156 | 110 | 2,598 | 5,080 | 4,951 | 4,830 | 5,454 | 8,856 | 9,015 |
| 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 |
| 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 |
| 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 |
| CWIP | 2,931 | 2,614 | 318 | 168 | 203 | 235 | 314 | 420 | 431 | 354 | 308 | 195 |
| Investments | 6 | 6 | 796 | 757 | 429 | 152 | 162 | 185 | 205 | 235 | 256 | 276 |
| 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 |
| 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 |
Below is a detailed analysis of the balance sheet data for Bharat Heavy Electricals Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 696.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 696.00 Cr..
- For Reserves, as of Mar 2025, the value is 24,026.00 Cr.. The value appears strong and on an upward trend. It has increased from 23,742.00 Cr. (Mar 2024) to 24,026.00 Cr., marking an increase of 284.00 Cr..
- For Borrowings, as of Mar 2025, the value is 9,015.00 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 8,856.00 Cr. (Mar 2024) to 9,015.00 Cr., marking an increase of 159.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 35,112.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 26,489.00 Cr. (Mar 2024) to 35,112.00 Cr., marking an increase of 8,623.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 68,849.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 59,784.00 Cr. (Mar 2024) to 68,849.00 Cr., marking an increase of 9,065.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 2,947.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,574.00 Cr. (Mar 2024) to 2,947.00 Cr., marking an increase of 373.00 Cr..
- For CWIP, as of Mar 2025, the value is 195.00 Cr.. The value appears to be declining and may need further review. It has decreased from 308.00 Cr. (Mar 2024) to 195.00 Cr., marking a decrease of 113.00 Cr..
- For Investments, as of Mar 2025, the value is 276.00 Cr.. The value appears strong and on an upward trend. It has increased from 256.00 Cr. (Mar 2024) to 276.00 Cr., marking an increase of 20.00 Cr..
- For Other Assets, as of Mar 2025, the value is 65,431.00 Cr.. The value appears strong and on an upward trend. It has increased from 56,646.00 Cr. (Mar 2024) to 65,431.00 Cr., marking an increase of 8,785.00 Cr..
- For Total Assets, as of Mar 2025, the value is 68,849.00 Cr.. The value appears strong and on an upward trend. It has increased from 59,784.00 Cr. (Mar 2024) to 68,849.00 Cr., marking an increase of 9,065.00 Cr..
Notably, the Reserves (24,026.00 Cr.) exceed the Borrowings (9,015.00 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 - No data available for this post.
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 |
|---|---|
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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: 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: 165 (Industry average Stock P/E: 52.38)
- 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 04 November 2025) is 196.54 which is 25.83% lower the current market price of 265.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 91,994 Cr. market cap, FY2025-2026 high/low of 272/176, reserves of ₹24,026 Cr, and liabilities of 68,849 Cr.
What is the Market Cap of Bharat Heavy Electricals Ltd?
The Market Cap of Bharat Heavy Electricals Ltd is 91,994 Cr..
What is the current Stock Price of Bharat Heavy Electricals Ltd as on 04 November 2025?
The current stock price of Bharat Heavy Electricals Ltd as on 04 November 2025 is 265.
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 272/176.
What is the Stock P/E of Bharat Heavy Electricals Ltd?
The Stock P/E of Bharat Heavy Electricals Ltd is 165.
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.