BHEL Latest Share Price (BHEL)
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BHEL edged up 0.4% on light volume, in line with Nifty's -0.5% move.
With a market cap of ₹1.48 L Cr., it trades at a P/E of 60.30. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
BHEL flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 156.4% YoY
- ●High Promoter HoldingPromoters hold 58.2% skin-in-the-game
- ●FII AccumulationFII holding increased by 2.28% QoQ
- ●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
What changed recently?
Recent events, corporate actions, and announcements.
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 60.30× and P/B of 5.61×.
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
Profitability
Growth
Financial Health
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 ₹423.05 with an intraday range of ₹419.85–₹426.7 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹423.05| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 440.25 | +17.20 | +4.07% |
| R3 | 433.40 | +10.35 | +2.45% |
| R2 | 430.05 | +7.00 | +1.65% |
| R1 | 426.55 | +3.50 | +0.83% |
| PIVOT | 423.20 | 0.15 | 0.04% |
| CURRENT | 423.05 | — | — |
| S1 | 419.70 | -3.35 | -0.79% |
| S2 | 416.35 | -6.70 | -1.58% |
| S3 | 412.85 | -10.20 | -2.41% |
| S4 | 406.00 | -17.05 | -4.03% |
BHEL is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: ₹419.85–₹423.6
Trading Inside opening range
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 ₹1.48 L Cr. and reported EPS of ₹6.98.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 28,339 | 33,782 ▲ 19.2% |
| Sales Growth YoY %Derived | 18.61% | 19.21% |
| Other Income | 465 | 808 ▲ 73.6% |
| Total Income | 28,805 | 34,590 ▲ 20.1% |
| 18,845 | 22,983 ▲ 22.0% | |
| Gross ProfitDerived | 9,494 | 10,799 ▲ 13.7% |
| Gross Margin %Derived | 33.50% | 31.97% |
| 8,253 | 8,457 ▲ 2.5% | |
| EBITDA (Operating Profit)Derived | 1,242 | 2,342 ▲ 88.6% |
| OPM %Derived | 4.38% | 6.93% |
| 1,020 | 1,072 ▲ 5.1% | |
| Profit Before Tax (PBT) | 687 | 2,078 ▲ 202.6% |
| 212 | 538 ▲ 154.3% | |
| Effective Tax %Derived | 30.83% | 25.91% |
| Total Profit for Period | 534 | 1,600 ▲ 199.7% |
| Less: Non-controlling Interests | — | — |
| Net Profit (Owner's PAT)Derived | 534 | 1,600 ▲ 199.7% |
| Net Profit Margin %Derived | 1.88% | 4.74% |
| PAT Growth YoY %Derived | 89.18% | 199.73% |
| Earnings Per Share (EPS ₹) | 1.53 | 4.60 ▲ 200.7% |
| Diluted Shares Outstanding (Cr) | 348 | 348 ▲ 0.0% |
| Share of Profit from Associates/JVs | 59 | 61 ▲ 3.5% |
| Other Comprehensive Income (Net of Tax) | -163 | -1 ▲ 99.6% |
| Total Expenses (incl. D&A & Interest) | 28,118 | 32,512 ▲ 15.6% |
| Material Cost % of RevenueDerived | 71.94% | 71.86% |
| Employee Cost % of RevenueDerived | 20.90% | 19.15% |
| Other Cost % of RevenueDerived | 8.22% | 5.89% |
| Interest Coverage (x)Derived | 1.30x | 2.68x |
| Period | Mar 2018 | Mar 2019 | Dec 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sept 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 29,075 | 30,349 ▲ 4.4% | 16,440 ▼ 45.8% | 21,490 ▲ 30.7% | 17,309 ▼ 19.5% | 21,211 ▲ 22.5% | 9,875 ▼ 53.4% | 23,365 ▲ 136.6% | 23,893 ▲ 2.3% | 28,339 ▲ 18.6% | 33,782 ▲ 19.2% | |
| Sales Growth YoY %Derived | — | 4.38% | — | -29.19% | -19.46% | 22.55% | — | 10.15% | 2.26% | 18.61% | 19.21% | |
| Other Income | 678 | 678 ▼ 0.1% | 421 ▼ 37.9% | 564 ▲ 34.2% | 348 ▼ 38.3% | 355 ▲ 1.8% | 286 ▼ 19.2% | 489 ▲ 70.6% | 546 ▲ 11.8% | 465 ▼ 14.8% | 808 ▲ 73.6% | |
| Total Income | 29,753 | 31,027 ▲ 4.3% | 16,861 ▼ 45.7% | 22,054 ▲ 30.8% | 17,657 ▼ 19.9% | 21,566 ▲ 22.1% | 10,161 ▼ 52.9% | 23,854 ▲ 134.8% | 24,439 ▲ 2.5% | 28,805 ▲ 17.9% | 34,590 ▲ 20.1% | |
16,154 | 17,764 ▲ 10.0% | 10,119 ▼ 43.0% | 13,713 ▲ 35.5% | 11,582 ▼ 15.5% | 14,522 ▲ 25.4% | 6,763 ▼ 53.4% | 15,897 ▲ 135.0% | 16,807 ▲ 5.7% | 18,845 ▲ 12.1% | 22,983 ▲ 22.0% | ||
| Gross ProfitDerived | 12,922 | 12,585 ▼ 2.6% | 6,321 ▼ 49.8% | 7,777 ▲ 23.0% | 5,727 ▼ 26.4% | 6,689 ▲ 16.8% | 3,111 ▼ 53.5% | 7,468 ▲ 140.0% | 7,086 ▼ 5.1% | 9,494 ▲ 34.0% | 10,799 ▲ 13.7% | |
| Gross Margin %Derived | 44.44% | 41.47% | 38.45% | 36.19% | 33.09% | 31.53% | 31.51% | 31.96% | 29.66% | 33.50% | 31.97% | |
10,952 | 10,443 ▼ 4.6% | 5,999 ▼ 42.6% | 8,014 ▲ 33.6% | 8,868 ▲ 10.7% | 5,953 ▼ 32.9% | 3,525 ▼ 40.8% | 6,752 ▲ 91.5% | 6,473 ▼ 4.1% | 8,253 ▲ 27.5% | 8,457 ▲ 2.5% | ||
| EBITDA (Operating Profit)Derived | 1,970 | 2,142 ▲ 8.7% | 322 ▼ 85.0% | -237 ▼ 173.7% | -3,141 ▼ 1223.4% | 736 ▲ 123.4% | -414 ▼ 156.3% | 717 ▲ 273.1% | 613 ▼ 14.5% | 1,242 ▲ 102.7% | 2,342 ▲ 88.6% | |
| OPM %Derived | 6.78% | 7.06% | 1.96% | -1.10% | -18.15% | 3.47% | -4.19% | 3.07% | 2.56% | 4.38% | 6.93% | |
1,042 | 762 ▼ 26.9% | 716 ▼ 6.0% | 1,012 ▲ 41.3% | 847 ▼ 16.3% | 670 ▼ 20.9% | 346 ▼ 48.3% | 782 ▲ 125.7% | 980 ▲ 25.4% | 1,020 ▲ 4.1% | 1,072 ▲ 5.1% | ||
| Profit Before Tax (PBT) | 1,606 | 2,058 ▲ 28.2% | 27 ▼ 98.7% | -685 ▼ 2647.6% | -3,640 ▼ 431.6% | 420 ▲ 111.5% | -474 ▼ 212.8% | 423 ▲ 189.4% | 179 ▼ 57.8% | 687 ▲ 284.3% | 2,078 ▲ 202.6% | |
777 | 842 ▲ 8.5% | -14 ▼ 101.7% | 809 ▲ 5755.3% | -896 ▼ 210.7% | 26 ▲ 102.9% | -274 ▼ 1165.7% | 2 ▲ 100.7% | -40 ▼ 2029.8% | 212 ▲ 635.1% | 538 ▲ 154.3% | ||
| Effective Tax %Derived | 48.37% | 40.94% | -53.24% | -118.18% | 24.62% | 6.13% | 57.91% | 0.48% | -22.14% | 30.83% | 25.91% | |
| Total Profit for Period | 438 | 1,215 ▲ 177.4% | 64 ▼ 94.7% | -1,468 ▼ 2400.4% | -2,700 ▼ 83.9% | 445 ▲ 116.5% | -176 ▼ 139.6% | 477 ▲ 371.4% | 282 ▼ 40.9% | 534 ▲ 89.2% | 1,600 ▲ 199.7% | |
| Less: Non-controlling Interests | -3 | — ▲ 100.0% | — | — | — | -1 | — ▲ 100.0% | — | — | — | — | |
| Net Profit (Owner's PAT)Derived | 441 | 1,215 ▲ 175.5% | 64 ▼ 94.7% | -1,468 ▼ 2400.4% | -2,700 ▼ 83.9% | 446 ▲ 116.5% | -176 ▼ 139.4% | 477 ▲ 371.4% | 282 ▼ 40.9% | 534 ▲ 89.2% | 1,600 ▲ 199.7% | |
| Net Profit Margin %Derived | 1.52% | 4.00% | 0.39% | -6.83% | -15.60% | 2.10% | -1.78% | 2.04% | 1.18% | 1.88% | 4.74% | |
| PAT Growth YoY %Derived | — | 175.50% | — | -220.81% | -83.86% | 116.52% | — | 7.03% | -40.88% | 89.18% | 199.73% | |
| Earnings Per Share (EPS ₹) | 1.20 | 3.49 ▲ 190.8% | 0.18 ▼ 94.8% | -4.22 ▼ 2444.4% | -7.75 ▼ 83.6% | 1.28 ▲ 116.5% | -0.51 ▼ 139.8% | 1.37 ▲ 368.6% | 0.81 ▼ 40.9% | 1.53 ▲ 88.9% | 4.60 ▲ 200.7% | |
| Diluted Shares Outstanding (Cr) | 367 | 348 ▼ 5.2% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | 348 ▲ 0.0% | |
| Share of Profit from Associates/JVs | -391 | — ▲ 100.0% | 23 | 26 ▲ 13.6% | 44 ▲ 71.6% | 50 ▲ 14.2% | 24 ▼ 53.4% | 56 ▲ 138.2% | 64 ▲ 14.2% | 59 ▼ 7.8% | 61 ▲ 3.5% | |
| Other Comprehensive Income (Net of Tax) | 83 | -119 ▼ 242.8% | -104 ▲ 12.8% | -274 ▼ 163.4% | 20 ▲ 107.3% | 77 ▲ 283.5% | 80 ▲ 4.3% | -17 ▼ 120.8% | -83 ▼ 394.9% | -163 ▼ 97.9% | -1 ▲ 99.6% | |
| Total Expenses (incl. D&A & Interest) | 28,148 | 28,969 ▲ 2.9% | 16,834 ▼ 41.9% | 22,739 ▲ 35.1% | 21,297 ▼ 6.3% | 21,146 ▼ 0.7% | 10,635 ▼ 49.7% | 23,430 ▲ 120.3% | 24,260 ▲ 3.5% | 28,118 ▲ 15.9% | 32,512 ▲ 15.6% | |
| Material Cost % of RevenueDerived | 53.02% | 62.07% | 68.59% | 68.54% | 63.96% | 46.43% | 68.11% | 68.28% | 72.17% | 71.94% | 71.86% | |
| Employee Cost % of RevenueDerived | 20.76% | 20.63% | 26.14% | 25.17% | 31.07% | 26.02% | 28.55% | 24.40% | 23.56% | 20.90% | 19.15% | |
| Other Cost % of RevenueDerived | 16.91% | 13.78% | 10.34% | 12.12% | 20.16% | 2.05% | 7.15% | 4.50% | 3.53% | 8.22% | 5.89% | |
| Interest Coverage (x)Derived | 4.64x | 5.81x | -0.07x | -1.46x | -9.67x | 1.18x | -2.44x | 0.87x | 0.50x | 1.30x | 2.68x |
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
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.
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
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.
Valuation risk. a P/E above 78 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.
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.
Quick Compare
Peer Comparison
| Company Name |
|---|
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.
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 41.7% of traded volume, against a 20-day average of 40.4%.
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 203 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Bharat Heavy Electricals Limited has informed the Exchange about Schedule of meet
General Updates
Bharat Heavy Electricals Limited has informed the Exchange about General Updates
Change in Management
Bharat Heavy Electricals Limited has informed the Exchange about change in Management
Arrangements for strategic, technical, manufacturing, or marketing tie up
Bharat Heavy Electricals Limited has informed the Exchange about Arrangements for strategic, technical, manufacturing, or marketing tie up
Credit Rating
Bharat Heavy Electricals Limited has informed the Exchange about Credit Rating
Investor decks & rating reports.
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 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.
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.
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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 ₹423.05. Today, the stock has gained by ₹1.60 (0.38%), trading in a range of ₹419.85 to ₹426.70. The stock opened at ₹422.50 with a trading volume of 22,16,671 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 ₹1.48 L Cr., P/E ratio of 60.3, ROE of 6.12%, and ROCE of 6.38%. The dividend yield stands at 0.32%. 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 ₹446.50, while the 52-week low is ₹213.80. Currently trading at ₹423.05, the stock is 97.87% above its 52-week low and 5.25% 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 ₹423.05 depends on multiple factors. The stock is currently trading with a P/E ratio of 60.3 and P/B ratio of 5.61. Today's performance shows a gain of 0.38%. 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 0.32%, which means for every ₹100 invested at the current price of ₹423.05, you can expect to receive approximately ₹0.32 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: 60.3, P/B Ratio: 5.61, ROE: 6.12%, ROCE: 6.38%, Dividend Yield: 0.32%, EPS: ₹6.98, Book Value: ₹75.09, and Debt-to-Equity: 0.31. The company's market cap stands at ₹1.48 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 ₹422.50 and is currently trading at ₹423.05, showing a gain of ₹1.60 (0.38%). The intraday high is ₹426.70 and low is ₹419.85. The trading volume stands at 22,16,671 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 60.3, which means investors are willing to pay 60.30 for every ₹1 of earnings. With an EPS of ₹6.98, 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.
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.