BAJEL vs BHEL: Stock Comparison
BHEL is the larger company by market capitalisation. BAJEL PROJECTS shows a higher dividend yield and a higher ROCE, while BHEL shows a lower P/E, a higher ROE and faster revenue growth. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
BAJEL leads 4; BHEL leads 9 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | BAJEL | BHEL |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Heavy Electrical Equipment | Heavy Electrical Equipment |
Price
| Metric | BAJEL | BHEL |
|---|---|---|
| Live Price | ₹153.15 | ₹384.5 |
| Day Change | -1.29% | -3.61% |
| Volume | 3.34 L | 1.4 Cr |
| 52-Week High | ₹215.5 | ₹464 |
| 52-Week Low | ₹135.1 | ₹229.54 |
| Distance from 52W High | -28.93% | -17.13% |
Valuation
| Metric | BAJEL | BHEL |
|---|---|---|
| Market Cap | ₹1,768 Cr | ₹1.34 L Cr |
| P/E Ratio | 81.18x | 48.16x |
| P/B Ratio | 2.4x | 5.18x |
| EPS | ₹1.9 | ₹2.36 |
| Book Value | ₹64.61 | ₹75.09 |
| Dividend Yield | 0.38% | 0.35% |
Growth
| Metric | BAJEL | BHEL |
|---|---|---|
| Revenue Growth (TTM YoY) | 25.7% | 36.9% |
| EPS Growth (TTM YoY) | 190.5% | 156.4% |
| Qtr Sales Growth | 0% | 20.82% |
| Qtr Profit Growth | 0% | 117.92% |
Profitability & Leverage
| Metric | BAJEL | BHEL |
|---|---|---|
| ROE | 3.96% | 6.12% |
| ROCE | 8.18% | 6.41% |
| Net Margin | 0.74% | 4.91% |
| Operating Margin | 3.48% | 8.39% |
| Debt to Equity | 0.51x | 0.31x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | BAJEL | BHEL |
|---|---|---|
| Promoter Holding | 62.52%▼ 0.01 pp | 58.17% |
| FII Holding | 0.32%▼ 0.21 pp | 9.94%▲ 0.43 pp |
| DII Holding | 9.14%▼ 0.06 pp | 21.88%▼ 0.56 pp |
| Public Holding | 28.02%▲ 0.28 pp | 10.02%▲ 0.14 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BAJEL PROJECTS and BHEL.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

