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BHEL

BHEL Latest Share Price (BHEL)

₹383.00
15.90−3.99%
Overall Score49/100
Day range378
₹383.00
399
52-week230
₹383.00
464
Above low+66.9%
Below high17.5%
Range position65%
Open398.70
Prev Close398.90
Bid382.984.9K
Ask383.033.0K

TODAY IN ONE LINE

BHEL dropped 4.0% on average volume, lagging Nifty's -0.6% move, supported by recent strong earnings.

With a market cap of ₹1.33 L Cr., it trades at a P/E of 48.16. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume12.1M−5%vs 20D avg
Price BandNo Band
Lower Band359.05
Upper Band438.75
Tick Size0.05
Daily Volatility2.42%
Annualised Vol46.23%
Market Cap₹1.33 L Cr.
Promoter58.17%
Face Value₹2
Fwd P/E31.77
PEG2.59
EV/EBITDA37.88
P/S3.94
ROA1.76%
Beta1.53
Div Payout10.85%
THE STOCK SCORE
Overall Score49/100
Updated 21 Oct

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

BHEL flags & news 

Key strengths, potential risks, and recent updates.

✅ 4 green flags🚩 3 red flags

Green Flags

  • ●Earnings GrowthEPS (TTM) grew by a solid 156.4% YoY
  • ●Quarterly OutperformanceLatest quarter Sales up 20.8% and Profit up 117.9%
  • ●High Promoter HoldingPromoters hold 58.2% skin-in-the-game
  • ●Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • ●Poor Capital ReturnsLow ROE of 6.1%
  • ●Expensive ValuationTrading at a high P/E ratio of 90.1x
  • ●Rising Receivables vs SalesReceivables grew 19.2% outpacing sales growth of 18.6%

Latest BHEL News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

No recent changes found for this period.
🔒Prime: full history + alerts on this stock
Valuation

BHEL valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for BHEL, framed against the sector median so the premium or discount is obvious at a glance.

BHEL trades at a P/E of 48.16× and P/B of 5.18×.

Key MetricsMarket + reported · 23 Oct 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹1.33 L Cr.
P/E Ratio
48.16
P/B Ratio
5.18
EPS
₹2.36
Profitability

Profitability

ROE
6.12%
ROCE
6.41%
Net Margin
4.91%
Op Margin
8.39%
Growth

Growth

EPS YoY
156.4%
Revenue YoY
36.9%
Qtr Sales
20.82%
Qtr Profit
117.92%
Financial Health

Financial Health

Debt / Equity
0.31
Book Value
₹75.09
Div Yield
0.35%
Promoter Holding
58.17%
Technicals

BHEL technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for BHEL — derived from the latest tape, not yesterday's close.

BHEL last traded at ₹383 with an intraday range of ₹377.7–₹398.7 — latest indicator, pivot and CPR signals below.

Last updated: 23 October 2026, 2:09 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹383.00
LevelPrice (₹)Distance% Δ
R4437.23+54.23+14.16%
R3416.23+33.23+8.68%
R2407.47+24.47+6.39%
R1395.23+12.23+3.19%
PIVOT386.473.470.91%
CURRENT383.00——
S1374.23-8.77-2.29%
S2365.47-17.53-4.58%
S3353.23-29.77-7.77%
S4332.23-50.77-13.26%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 384.73P: 386.47TC: 388.20
R1
R2
R3
R4
indicator
LTP: 383.00
PDH: 412.65
PDL: 396.80
● Market Sentiment

BHEL is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: ₹384–₹398.7

● Price Position

Trading Below opening range, showing Bearishness

Financials

BHEL financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for BHEL — consolidated or standalone — with margins, YoY growth and key ratios inline.

BHEL reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1.33 L Cr. and reported EPS of ₹2.36.

iTap any row for a plain-English meaning▲▼Change vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2026May 2026
Revenue from Operations33,782
33,782
▲ 0.0%
Sales Growth YoY %Derived19.21%
19.21%
Other Income808
808
▲ 0.0%
Total Income34,590
34,590
▲ 0.0%
22,983
22,983
▲ 0.0%
Gross ProfitDerived10,799
10,799
▲ 0.0%
Gross Margin %Derived31.97%
31.97%
8,457
8,457
▲ 0.0%
EBITDA (Operating Profit)Derived2,342
2,342
▲ 0.0%
OPM %Derived6.93%
6.93%
1,072
1,072
▲ 0.0%
Profit Before Tax (PBT)2,078
2,078
▲ 0.0%
538
538
▲ 0.0%
Effective Tax %Derived25.91%
25.91%
Total Profit for Period1,600
1,600
▲ 0.0%
Less: Non-controlling Interests—
—
Net Profit (Owner's PAT)Derived1,600
1,600
▲ 0.0%
Net Profit Margin %Derived4.74%
4.74%
PAT Growth YoY %Derived199.73%
199.73%
Earnings Per Share (EPS ₹)4.60
4.60
▲ 0.0%
Diluted Shares Outstanding (Cr)348
348
▲ 0.0%
Share of Profit from Associates/JVs61
61
▲ 0.0%
Other Comprehensive Income (Net of Tax)-1
-1
▲ 0.0%
Total Expenses (incl. D&A & Interest)32,512
32,512
▲ 0.0%
Material Cost % of RevenueDerived71.86%
71.86%
Employee Cost % of RevenueDerived19.15%
19.15%
Other Cost % of RevenueDerived5.89%
5.89%
Interest Coverage (x)Derived2.68x
2.68x
Sales CAGR · 3Y
+6.0%
Sales CAGR · 5Y
+7.2%
PAT CAGR · 3Y
+44.2%
PAT CAGR · 5Y
+41.5%
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

BHEL segment analysis : revenue and profit mix.

Disclosed business segments at BHEL with their share of revenue and profit, switchable between consolidated and standalone reporting.

BHEL discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for BHEL.

Our AI distills the core fundamental drivers supporting BHEL, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

BHEL's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • ₹1.47 LCr market cap with 58.17% promoter holding signals strong insider commitment

  • Latest quarterly EPS grew 155.8% YoY; TTM EPS grew 156.4% YoY despite cyclical volatility

  • TTM revenue growth 36.9% YoY reflects strong order execution and market demand acceleration

  • Debt-to-equity 0.31x provides reasonable leverage cushion for capital-intensive operations

  • Operating cash flow ₹16.76 per share annually supports dividend sustainability

bear case

Key Risks.

  • P/E 90.07x and price-to-book 5.74x signal elevated valuation multiples relative to peers

  • ROE 6.12% and ROCE 6.38% significantly lag industry and peer benchmarks materially

  • Operating margin 6.00% TTM trails peer averages substantially; limited pricing power

  • Dividend yield 0.32% offers minimal income return for equity investors seeking yield

  • Cash flow highly volatile. Q2 FY2026 FCF negative ₹14,117 Cr; Q1 FY2026 positive ₹2,966 Cr

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 63 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Return-quality risk. ROE below 8% would indicate weaker capital compounding.

Shareholding

BHEL shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in BHEL — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Annual • Sep 2026

DII21.88%↓0.56%
Public10.02%↑0.14%
FII9.94%↑0.43%
Promoters58.17%

Ownership Distribution

Domestic Institutions
21.88%
Retail & Public
10.02%
Foreign Institutions
9.94%
Promoters
58.17%

Category Trends

Foreign Institutions Breakdown
Total Holding: 9.94%
Net Change: +0.43%
Category Total9.94%
Total Holding9.94%
Net Change+0.43%
Not Fully Disclosed

⚠️Partial Disclosure Notice

Individual institutions below total 0.00%, but category aggregate is 9.94%. Some institutions may not be disclosed by the company as per regulatory requirements.

Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod
MAGELLAN
0.00%
0.00%
0.00%
Sep 2026
PINEBRIDGE GLOBAL FUNDS- PINEBRIDGE INDIA EQUITY FUND
0.00%
0.00%
0.00%
Sep 2026
Fidelity Emerging Markets Fund
0.00%
0.00%
0.00%
Sep 2026
AMUNDI FUNDS SBI FM INDIA EQUITY
0.00%
0.00%
0.00%
Sep 2026
Lazard Emerging Markets Portfolio
0.00%
0.00%
0.00%
Sep 2026
PINEBRIDGE INVESTMENTS GF MAURITIUS LIMITED
0.00%
0.00%
0.00%
Sep 2026
COMGEST GROWTH PLC - COMGEST GROWTH EMERGING MARKETS
0.00%
0.00%
0.00%
Sep 2026
Peers

BHEL peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — BHEL is highlighted for quick read-across.

09 · Chart Patterns

BHEL chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for BHEL — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

BHEL delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for BHEL over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in BHEL stood at 46.9% of traded volume, against a 20-day average of 41.2%.

Avg Delivery (20D)41.2%+5.7 ppt latest vs avg
Highest Delivery52.9%on 30 Sept
Avg Volume (20D)1.28 Cr20-day run-rate
Conviction Trend↓ Weakening+5.7 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

BHEL announcements: results, concalls, ratings, M&A.

Filings BHEL sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

BHEL files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 215 documents below.

  1. 15 Oct 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Bharat Heavy Electricals Limited has informed the Exchange about Copy of Newspaper Publication

  2. 14 Oct 2026General UpdatesView PDF

    General Updates

    Bharat Heavy Electricals Limited has informed the Exchange about Q2 FY 2026-27 Results: Supplementary Information

  3. 14 Oct 2026UpdatesView PDF

    Updates

    Bharat Heavy Electricals Limited has informed the Exchange regarding 'Decisions at Board Meeting held on 14.10.2026'.

  4. 14 Oct 2026Outcome of Board MeetingView PDF

    Outcome of Board Meeting

    Bharat Heavy Electricals Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.

  5. 08 Oct 2026Certificate under SEBI (Depositories and Participants) Regulations, 2018View PDF

    Certificate under SEBI (Depositories and Participants) Regulations, 2018

    Bharat Heavy Electricals Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Corporate Actions

BHEL dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue BHEL has declared, sequenced by announce and record date.

BHEL corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About BHEL: business, sector, key facts.

What BHEL does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

BHEL operates in the Heavy Electrical Equipment industry under the Capital Goods sector, listed as NSE: BHEL, BSE: 500103.

BHEL
Capital Goods

BHEL

NSE · BHEL·BSE · 500103·www.bhel.com

Bharat Heavy Electricals Limited (BHEL) is a major Indian engineering and manufacturing company with a global presence. Its core business revolves around the design, manufacture, and supply of equipment and systems across diverse sectors. Operating primarily through two segments – Power and Industry – BHEL caters to a wide range of clients in power generation, transmission, and various industrial applications.

In the Power segment, BHEL is a significant player in power plant construction, offering solutions for coal-based, gas-based, nuclear, and hydro power plants, as well as increasingly focusing on renewable energy sources like solar power systems. This segment also encompasses the manufacturing of crucial power transmission system components.

The Industry segment showcases BHEL's versatility. It provides a broad spectrum of industrial systems, including steam generators, turbines, pumps, compressors, and a wide array of related components. This extends to equipment for oil and gas, water treatment (including desalination plants), and even rail transportation. Furthermore, BHEL offers specialized solutions for the defense and aerospace sectors.

BHEL's product portfolio is extensive and encompasses a vast array of components and systems. From basic components like valves and piping to complex systems like steam turbines and turbo generators, the company demonstrates a high level of vertical integration. Its expertise also extends to advanced technologies like pressurized fluidized bed gasifiers, solar photovoltaics, and energy storage systems. Additionally, BHEL offers software solutions and electrical equipment, further demonstrating its diverse capabilities.

In summary, BHEL's business model is characterized by its broad scope and depth of expertise. The company's integrated approach, covering design, manufacturing, and project execution, allows it to serve diverse industrial sectors. Its ongoing expansion into renewable energy and other emerging technologies suggests a commitment to adapting to the evolving global energy landscape and maintaining its position as a significant player in India's industrial sector.

company facts
Employees—
SectorCapital Goods
HeadquartersNew Delhi, India
Market Cap₹1.33 L Cr.
Listed OnNSE
leadership22 on record
Dr. Yogesh Chhabra
Compliance Officer, Company Secretary
Mr. Ajay Kumar Verma
GM, Head of COM - New Delhi & Executive Director
Mr. Alok Ranjan
Chief Vigilance Officer
Mr. Koppu Sadashiv Murthy
Chairman & MD
Mr. Krishna Thakur
Whole Time (Functional) Director, Director of Human Resources
Mr. Parthasarathi Das
GM & Head of Mktg. & CC/ PSBG I
Mr. Rajesh Dwivedi
Chief Financial Officer, Whole Time (Functional) Director, Director (Finance)
Mr. Rajesh Kumar Dwivedi
CFO, Director of Finance & Whole-Time Director
Mr. Serugulathur Mahadevan Ramanathan
Additional Director and Director of Engineering, Research & Development
Mr. Sumeet Salhotra
General Manager & Head of COC - New Delhi
Mr. Tajinder Gupta
Director of Power, Director of Human Resources & Whole-Time Director
Mr. Vijay Mittal
Part-time Official Director
§ ∞ · Plainly Answered

Questions investors ask about BHEL (BHEL).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of BHEL (BHEL)?

The current share price of BHEL (BHEL) is ₹383.00. Today, the stock has declined by ₹15.90 (3.99%), trading in a range of ₹377.70 to ₹398.70. The stock opened at ₹398.70 with a trading volume of 1,21,47,297 shares.

02Is BHEL stock a good investment for long-term?

BHEL can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1.33 L Cr., P/E ratio of 48.16, ROE of 6.12%, and ROCE of 6.41%. The dividend yield stands at 0.35%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of BHEL stock?

The 52-week high price of BHEL (BHEL) is ₹464.00, while the 52-week low is ₹229.54. Currently trading at ₹383.00, the stock is 66.86% above its 52-week low and 17.46% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy BHEL stock at the current price?

Whether to buy BHEL stock at ₹383.00 depends on multiple factors. The stock is currently trading with a P/E ratio of 48.16 and P/B ratio of 5.18. Today's performance shows a loss of 3.99%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of BHEL and when is the next dividend?

BHEL offers a dividend yield of 0.35%, which means for every ₹100 invested at the current price of ₹383.00, you can expect to receive approximately ₹0.35 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of BHEL?

BHEL's key financial metrics include: P/E Ratio: 48.16, P/B Ratio: 5.18, ROE: 6.12%, ROCE: 6.41%, Dividend Yield: 0.35%, EPS: ₹2.36, Book Value: ₹75.09, and Debt-to-Equity: 0.31. The company's market cap stands at ₹1.33 L Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is BHEL stock performing today in the market?

BHEL stock opened at ₹398.70 and is currently trading at ₹383.00, showing a decline of ₹15.90 (3.99%). The intraday high is ₹398.70 and low is ₹377.70. The trading volume stands at 1,21,47,297 shares, indicating strong market participation today.

08What is the P/E ratio of BHEL and what does it indicate?

BHEL has a Price-to-Earnings (P/E) ratio of 48.16, which means investors are willing to pay 48.16 for every ₹1 of earnings. With an EPS of ₹2.36, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about BHEL (BHEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.