Share Price and Basic Stock Data
Last Updated: January 3, 2026, 11:02 am
| PEG Ratio | 39.84 |
|---|
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 ₹1,04,342 Cr and a share price of ₹300. The company’s revenue trends indicate a fluctuating sales pattern over recent quarters, with sales recorded at ₹5,203 Cr in September 2022, rising to ₹8,227 Cr by March 2023, before declining to ₹5,003 Cr in June 2023. However, sales rebounded to ₹5,125 Cr in September 2023, and are projected to rise further, reaching ₹8,993 Cr by March 2025. This upward trajectory in sales reflects a gradual recovery from previous lows, supported by an annual sales figure of ₹23,365 Cr for FY 2023, which is expected to increase to ₹28,339 Cr by FY 2025. Despite recent fluctuations, the trend shows a positive outlook for BHEL’s operational performance, especially as it navigates through the engineering sector’s challenges.
Profitability and Efficiency Metrics
BHEL’s profitability metrics reveal a complex landscape, with net profit standing at ₹559 Cr for the trailing twelve months (TTM). The company’s operating profit margin (OPM) exhibited variability, recorded at 4% in December 2023 and rising to 9% by March 2025. However, the OPM has shown negative values in some quarters, reflecting operational challenges. The return on equity (ROE) remains low at 2.12%, and return on capital employed (ROCE) is slightly higher at 4.87%, indicating underutilization of capital. Additionally, the interest coverage ratio (ICR) of 2.28x suggests that while the company can meet its interest obligations, it is not generating significant buffer. BHEL’s cash conversion cycle (CCC) of 106 days indicates a relatively extended period to convert investments into cash flows, which could impact liquidity and operational efficiency.
Balance Sheet Strength and Financial Ratios
BHEL’s balance sheet reflects a mix of stability and concern. Total borrowings rose to ₹10,969 Cr, with reserves reported at ₹23,704 Cr. The company maintains a debt-to-equity ratio of 0.35, indicating a conservative leverage position compared to typical industry standards. However, total liabilities increased to ₹71,972 Cr, suggesting a rising debt burden. The book value per share stood at ₹71.00, providing a cushion to shareholders. Financial ratios indicate a current ratio of 1.51 and a quick ratio of 1.17, both of which signal adequate liquidity to cover short-term obligations. Nevertheless, the company’s P/E ratio of 187 is significantly higher than typical sector averages, suggesting that the stock may be overvalued relative to its earnings.
Shareholding Pattern and Investor Confidence
BHEL’s shareholding pattern indicates a strong promoter presence, holding 63.17% of the company’s equity, which can be seen as a stabilizing factor. However, foreign institutional investors (FIIs) have reduced their stake from 8.48% in December 2022 to 6.23% by September 2025, reflecting potential concerns about the company’s growth prospects. Domestic institutional investors (DIIs) have shown more confidence, increasing their stake from 14.71% to 18.62% during the same period. The number of shareholders increased significantly from 10,27,958 in December 2022 to 19,61,664 by September 2025, indicating growing retail interest in the stock. This combination of strong promoter support and increasing DII involvement could provide a buffer against market volatility, but the declining FII stake may raise questions about broader investor sentiment.
Outlook, Risks, and Final Insight
BHEL’s outlook appears cautiously optimistic, driven by improving sales trends and a stable balance sheet. However, risks persist, including low profitability metrics, high P/E ratio, and declining FII interest, which may hinder growth potential. The company’s ability to navigate operational challenges and improve margins will be crucial for sustaining investor confidence. Additionally, macroeconomic factors and sector-specific challenges could impact performance. Should BHEL successfully enhance its operational efficiency and profitability, it could position itself favorably in the market. Conversely, failure to address these issues may lead to increased volatility and investor skepticism. Overall, BHEL’s journey ahead will depend on its strategic initiatives and market dynamics.
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 | 147 Cr. | 2,200 | 2,787/1,805 | 173 | 328 | 0.45 % | 5.84 % | 4.01 % | 100 |
| HLE Glascoat Ltd | 3,126 Cr. | 449 | 662/218 | 54.6 | 73.0 | 0.24 % | 12.5 % | 10.7 % | 2.00 |
| Harish Textile Engineers Ltd | 20.4 Cr. | 61.1 | 94.2/52.4 | 6.16 | 33.2 | 0.00 % | 9.56 % | 2.84 % | 10.0 |
| Disa India Ltd | 1,759 Cr. | 12,099 | 17,200/11,703 | 34.0 | 1,905 | 1.65 % | 28.9 % | 21.2 % | 10.0 |
| Cranex Ltd | 44.1 Cr. | 67.1 | 151/62.5 | 22.6 | 38.3 | 0.00 % | 10.3 % | 11.1 % | 10.0 |
| Industry Average | 10,709.07 Cr | 1,405.30 | 80.43 | 296.33 | 0.33% | 15.76% | 12.90% | 8.88 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,203 | 5,263 | 8,227 | 5,003 | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 | 8,993 | 5,487 | 7,512 |
| Expenses | 5,446 | 5,119 | 7,178 | 5,182 | 5,279 | 5,287 | 7,532 | 5,654 | 6,309 | 6,973 | 8,162 | 6,024 | 6,931 |
| Operating Profit | -244 | 144 | 1,049 | -178 | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 | 581 |
| OPM % | -5% | 3% | 13% | -4% | -3% | 4% | 9% | -3% | 4% | 4% | 9% | -10% | 8% |
| Other Income | 226 | 110 | 125 | 130 | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 | 189 |
| Interest | 123 | 139 | 161 | 168 | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 |
| Depreciation | 59 | 62 | 73 | 60 | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 75 |
| Profit before tax | -199 | 53 | 940 | -276 | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 | 499 |
| Tax % | -106% | 20% | 30% | -26% | -69% | 29% | 23% | -24% | 25% | 25% | 28% | -25% | 25% |
| Net Profit | 12 | 42 | 658 | -205 | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 | 375 |
| EPS in Rs | 0.03 | 0.12 | 1.89 | -0.59 | -0.18 | 0.17 | 1.41 | -0.61 | 0.30 | 0.39 | 1.45 | -1.31 | 1.08 |
Last Updated: January 2, 2026, 6:32 am
Below is a detailed analysis of the quarterly data for Bharat Heavy Electricals Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 7,512.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,487.00 Cr. (Jun 2025) to 7,512.00 Cr., marking an increase of 2,025.00 Cr..
- For Expenses, as of Sep 2025, the value is 6,931.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,024.00 Cr. (Jun 2025) to 6,931.00 Cr., marking an increase of 907.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 581.00 Cr.. The value appears strong and on an upward trend. It has increased from -537.00 Cr. (Jun 2025) to 581.00 Cr., marking an increase of 1,118.00 Cr..
- For OPM %, as of Sep 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from -10.00% (Jun 2025) to 8.00%, marking an increase of 18.00%.
- For Other Income, as of Sep 2025, the value is 189.00 Cr.. The value appears strong and on an upward trend. It has increased from 185.00 Cr. (Jun 2025) to 189.00 Cr., marking an increase of 4.00 Cr..
- For Interest, as of Sep 2025, the value is 195.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 181.00 Cr. (Jun 2025) to 195.00 Cr., marking an increase of 14.00 Cr..
- For Depreciation, as of Sep 2025, the value is 75.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 75.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 499.00 Cr.. The value appears strong and on an upward trend. It has increased from -608.00 Cr. (Jun 2025) to 499.00 Cr., marking an increase of 1,107.00 Cr..
- For Tax %, as of Sep 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from -25.00% (Jun 2025) to 25.00%, marking an increase of 50.00%.
- For Net Profit, as of Sep 2025, the value is 375.00 Cr.. The value appears strong and on an upward trend. It has increased from -456.00 Cr. (Jun 2025) to 375.00 Cr., marking an increase of 831.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 1.08. The value appears strong and on an upward trend. It has increased from -1.31 (Jun 2025) to 1.08, marking an increase of 2.39.
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 | 3.74 | 872.55 | 23,832,255 | 2025-12-15 02:51:14 | 25.88% |
| Nippon India Small Cap Fund | 29,507,422 | 1.25 | 858.22 | 28,538,232 | 2025-12-15 02:51:14 | 3.4% |
| Nippon India Growth Mid Cap Fund | 18,184,846 | 1.26 | 528.91 | N/A | N/A | N/A |
| Axis Midcap Fund | 15,025,585 | 1.36 | 437.02 | 8,970,737 | 2025-12-15 02:51:14 | 67.5% |
| Mirae Asset Large & Midcap Fund | 10,389,522 | 0.69 | 302.18 | 15,386,953 | 2025-12-15 02:51:14 | -32.48% |
| Mirae Asset Midcap Fund | 9,580,828 | 1.52 | 278.66 | 11,469,409 | 2025-12-15 02:51:14 | -16.47% |
| Nippon India Focused Fund | 8,651,038 | 2.83 | 251.62 | 11,805,375 | 2025-12-15 02:51:14 | -26.72% |
| Nippon India Value Fund | 8,108,367 | 2.55 | 235.83 | 5,080,338 | 2025-12-08 01:35:39 | 59.6% |
| Nippon India Power & Infra Fund | 8,000,838 | 3.19 | 232.7 | 9,300,838 | 2025-12-15 02:51:14 | -13.98% |
| Aditya Birla Sun Life PSU Equity Fund | 7,796,301 | 4.03 | 226.76 | 6,541,886 | 2025-12-08 01:35:39 | 19.18% |
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: 187 (Industry average Stock P/E: 80.43)
- 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 03 January 2026) is ₹222.70 which is 25.77% lower the current market price of ₹300.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,04,288 Cr. market cap, FY2025-2026 high/low of ₹301/176, 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 1,04,288 Cr..
What is the current Stock Price of Bharat Heavy Electricals Ltd as on 03 January 2026?
The current stock price of Bharat Heavy Electricals Ltd as on 03 January 2026 is ₹300.
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 ₹301/176.
What is the Stock P/E of Bharat Heavy Electricals Ltd?
The Stock P/E of Bharat Heavy Electricals Ltd is 187.
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.