Bharat Heavy Electricals Share Price Today (BHEL)
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Closed at ₹403.9 (−1.27%); delivery 36.1%. Market opens 9:15 IST. · as of 16:08 IST
With a market cap of ₹1.4 L Cr., it trades at a P/E of 88.86. 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.
Bharat Heavy Electricals flags
Key strengths and potential risks.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 156.4% YoY
- ●Quarterly OutperformanceLatest quarter Sales up 36.9% and Profit up 156.0%
- ●High Promoter HoldingPromoters hold 58.2% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Poor Capital ReturnsLow ROE of 6.3%
- ●Expensive ValuationTrading at a high P/E ratio of 90.1x
- ●Rising Receivables vs SalesReceivables grew 19.2% outpacing sales growth of 18.6%
What changed recently?
Recent events, corporate actions, and announcements.
Bharat Heavy Electricals Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Bharat Heavy Electricals Limited, framed against the sector median so the premium or discount is obvious at a glance.
Bharat Heavy Electricals Limited trades at a P/E of 88.86× and P/B of 5.44×.
Valuation
Profitability
Growth
Financial Health
Bharat Heavy Electricals Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Bharat Heavy Electricals Limited — derived from the live tape, not yesterday's close.
Bharat Heavy Electricals Limited last traded at ₹403.9 with an intraday range of ₹401–₹409 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹403.90| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 424.27 | +20.37 | +5.04% |
| R3 | 416.27 | +12.37 | +3.06% |
| R2 | 412.63 | +8.73 | +2.16% |
| R1 | 408.27 | +4.37 | +1.08% |
| PIVOT | 404.63 | 0.73 | 0.18% |
| CURRENT | 403.90 | — | — |
| S1 | 400.27 | -3.63 | -0.90% |
| S2 | 396.63 | -7.27 | -1.80% |
| S3 | 392.27 | -11.63 | -2.88% |
| S4 | 384.27 | -19.63 | -4.86% |
BHEL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹402.95–₹409
Trading Inside opening range
Bharat Heavy Electricals Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Bharat Heavy Electricals Limited, switchable between annual and quarterly views, consolidated or standalone.
Bharat Heavy Electricals Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1.4 L Cr. and reported EPS of ₹4.61.
| Period | 2018 | 2019 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 29,075 | 30,349 | 16,440 | 21,490 | 17,309 | 21,211 | 9,875 | 23,365 | 23,893 | 28,339 | 33,782 |
| Other Income | 678 | 678 | 421 | 564 | 348 | 355 | 286 | 489 | 546 | 465 | 808 |
| Total Income | 29,753 | 31,027 | 16,861 | 22,054 | 17,657 | 21,566 | 10,161 | 23,854 | 24,439 | 28,805 | 34,590 |
| Cost of Goods Sold (COGS) | 16,154 | 17,764 | 10,119 | 13,713 | 11,582 | 14,522 | 6,763 | 15,897 | 16,807 | 18,845 | 22,983 |
| Gross Profit | 12,922 | 12,585 | 6,321 | 7,777 | 5,727 | 6,689 | 3,111 | 7,468 | 7,086 | 9,494 | 10,799 |
| +Operating Expenses | 10,952 | 10,443 | 5,999 | 8,014 | 8,868 | 5,953 | 3,525 | 6,752 | 6,473 | 8,253 | 8,457 |
| EBITDA | 1,970 | 2,142 | 322 | -237 | -3,141 | 736 | -414 | 717 | 613 | 1,242 | 2,342 |
| +Non-Operating Expenses | 1,042 | 762 | 716 | 1,012 | 847 | 670 | 346 | 782 | 980 | 1,020 | 1,072 |
| Profit Before Tax (PBT) | 1,606 | 2,058 | 27 | -685 | -3,640 | 420 | -474 | 423 | 179 | 687 | 2,078 |
| +Tax Expense | 777 | 842 | -14 | 809 | -896 | 26 | -274 | 2 | -40 | 212 | 538 |
| Total Profit for Period | 438 | 1,215 | 64 | -1,468 | -2,700 | 445 | -176 | 477 | 282 | 534 | 1,600 |
| Less: Non-controlling Interests | -3 | — | — | — | — | -1 | — | — | — | — | — |
| Net Profit (Owner's PAT) | 441 | 1,215 | 64 | -1,468 | -2,700 | 446 | -176 | 477 | 282 | 534 | 1,600 |
| Earnings Per Share (EPS) | 1.20 | 3.49 | 0.18 | -4.22 | -7.75 | 1.28 | -0.51 | 1.37 | 0.81 | 1.53 | 4.60 |
| Diluted Shares Outstanding (Nos.) | 367 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 |
| +Additional Disclosures | 43,991 | 46,614 | 26,872 | 36,204 | 32,943 | 35,794 | 17,502 | 39,366 | 41,049 | 46,859 | 55,556 |
| Sales Growth % | — | 4.38 | -45.83 | 30.72 | -19.46 | 22.55 | -53.45 | 136.62 | 2.26 | 18.61 | 19.21 |
| YoY Sales Growth % | — | 4.38 | — | -29.19 | -19.46 | 22.55 | — | 10.15 | 2.26 | 18.61 | 19.21 |
| Material Cost % | 53 | 62 | 69 | 69 | 64 | 46 | 68 | 68 | 72 | 72 | 72 |
| Employee Cost % | 21 | 21 | 26 | 25 | 31 | 26 | 29 | 24 | 24 | 21 | 19 |
| Other Cost % | 17 | 14 | 10 | 12 | 20 | 2 | 7 | 4 | 4 | 8 | 6 |
| OPM % | 7 | 7 | 2 | -1 | -18 | 3 | -4 | 3 | 3 | 4 | 7 |
| Tax % | 48 | 41 | -53 | -118 | 25 | 6 | 58 | 0 | -22 | 31 | 26 |
| Profit Growth % | — | 175.50 | — | -220.81 | -83.86 | 116.52 | — | 7.03 | -40.88 | 89.18 | 199.73 |
| Gross Margin % | 44.44 | 41.47 | 38.45 | 36.19 | 33.09 | 31.53 | 31.51 | 31.96 | 29.66 | 33.50 | 31.97 |
| EBITDA Margin % | 6.78 | 7.06 | 1.96 | -1.10 | -18.15 | 3.47 | -4.19 | 3.07 | 2.56 | 4.38 | 6.93 |
| Interest Coverage Ratio | 4.64 | 5.81 | -0.07 | -1.46 | -9.67 | 1.18 | -2.44 | 0.87 | 0.50 | 1.30 | 2.68 |
| Ebit | 1,183 | 1,667 | -27 | -741 | -3,615 | 421 | -539 | 456 | 364 | 970 | 2,026 |
Bharat Heavy Electricals segment analysis: revenue and profit mix.
Disclosed business segments at Bharat Heavy Electricals with their share of revenue and profit, switchable between consolidated and standalone reporting.
Bharat Heavy Electricals 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 Bharat Heavy Electricals Limited.
Our AI distills the core fundamental drivers supporting Bharat Heavy Electricals Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Bharat Heavy Electricals Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
₹1.43 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 earnings volatility
Quarterly revenue up 36.9% YoY; Q2 FY2026 sales ₹12,310 Cr reflect strong order execution
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 5.08x signal elevated valuation multiples relative to peers
ROE 6.29% and ROCE 8.51% significantly lag industry and peer benchmarks materially
Operating margin 6.93% quarterly and 6.00% TTM trail peer averages substantially
Dividend yield 0.13% 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.
Trim if P/E re-rates above 116. The valuation cushion thins from there.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Income thesis breaks if the dividend is cut or yield falls below 0.07%.
Bharat Heavy Electricals Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Bharat Heavy Electricals Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
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Bharat Heavy Electricals Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Bharat Heavy Electricals Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Bharat Heavy Electricals Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Bharat Heavy Electricals Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Bharat Heavy Electricals Limited stood at 36.1% of traded volume, against a 20-day average of 44.8%.
Bharat Heavy Electricals announcements: results, concalls, ratings, M&A.
Filings Bharat Heavy Electricals sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Bharat Heavy Electricals files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 189 documents below.
Copy of Newspaper Publication
Bharat Heavy Electricals Limited has informed the Exchange about Copy of Newspaper Publication
Updates
Bharat Heavy Electricals Limited has informed the Exchange regarding 'Business Responsibility & Sustainability Report for FY 2025-26'.
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
Shareholders meeting
Bharat Heavy Electricals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 05, 2026
Copy of Newspaper Publication
Bharat Heavy Electricals Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Bharat Heavy Electricals dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Bharat Heavy Electricals has declared, sequenced by announce and record date.
Bharat Heavy Electricals corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Bharat Heavy Electricals Limited: business, sector, key facts.
What Bharat Heavy Electricals Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Bharat Heavy Electricals Limited 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 Bharat Heavy Electricals Limited (BHEL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Bharat Heavy Electricals Limited (BHEL)?
The current share price of Bharat Heavy Electricals Limited (BHEL) is ₹403.9. Today, the stock has declined by ₹5.20 (1.27%), trading in a range of ₹401 to ₹409. The stock opened at ₹408.15 with a trading volume of 1,24,94,044 shares.
02Is Bharat Heavy Electricals Limited stock a good investment for long-term?
Bharat Heavy Electricals Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,40,414.2 crores, P/E ratio of 88.86, ROE of 6.29%, and ROCE of 8.51%. The dividend yield stands at 0.13%. 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 Bharat Heavy Electricals Limited stock?
The 52-week high price of Bharat Heavy Electricals Limited (BHEL) is ₹424.9, while the 52-week low is ₹205.12. Currently trading at ₹403.9, the stock is 90.4% away from its 52-week low and 4.9% 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 Bharat Heavy Electricals Limited stock at the current price?
Whether to buy Bharat Heavy Electricals Limited stock at ₹403.9 depends on multiple factors. The stock is currently trading with a P/E ratio of 88.86 and P/B ratio of 5.44. Today's performance shows a loss of 1.27%. 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 Bharat Heavy Electricals Limited and when is the next dividend?
Bharat Heavy Electricals Limited offers a dividend yield of 0.13%, which means for every ₹100 invested at the current price of ₹403.9, you can expect to receive approximately ₹0.13 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 Bharat Heavy Electricals Limited?
Bharat Heavy Electricals Limited's key financial metrics include: P/E Ratio: 88.86, P/B Ratio: 5.44, ROE: 6.29%, ROCE: 8.51%, Dividend Yield: 0.13%, EPS: ₹4.61, Book Value: ₹75.17, and Debt-to-Equity: 0.00. The company's market cap stands at ₹1,40,414.2 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Bharat Heavy Electricals Limited stock performing today in the market?
Bharat Heavy Electricals Limited stock opened at ₹408.15 and is currently trading at ₹403.9, showing a decline of ₹5.20 (1.27%). The intraday high is ₹409 and low is ₹401. The trading volume stands at 1,24,94,044 shares, indicating strong market participation today.
08What is the P/E ratio of Bharat Heavy Electricals Limited and what does it indicate?
Bharat Heavy Electricals Limited has a Price-to-Earnings (P/E) ratio of 88.86, which means investors are willing to pay ₹88.86 for every ₹1 of earnings. With an EPS of ₹4.61, 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 Bharat Heavy Electricals Limited (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.