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BHEL share price

Bharat Heavy Electricals Ltd.

NSE: BHEL BSE: 500103 SECTOR: Engineering - Industrial Equipments  5.94 L   2.73 K   796

254.40
-3.10 (-1.20%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 258.2

Today's Low

₹ 253.5

52 Week High

₹ 327.7

52 Week Low

₹ 176

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

88583.69 Cr.

Enterprise Value

91234.22 Cr.

No. of Shares

348.21 Cr.

P/E

172.69

P/B

3.53

Face Value

₹ 2

Div. Yield

0.2 %

Book Value (TTM)

₹  72.12

CASH

6157.47 Cr.

DEBT

8808 Cr.

Promoter Holding

63.17 %

EPS (TTM)

₹  1.47

Sales Growth

2.26%

ROE

1.05 %

ROCE

3.28%

Profit Growth

-58.37 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 38Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year2.26%
3 Year11.34%
5 Year-4.72%

Profit Growth

1 Year-58.37%
3 Year27.97%
5 Year-26.46%

ROE%

1 Year1.05%
3 Year1.66%
5 Year-1.93%

ROCE %

1 Year3.28%
3 Year3.43%
5 Year0.1%

Debt/Equity

0.3544

Price to Cash Flow

-23.86

Interest Cover Ratio

1.2662

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2025 63.17 0.00
Mar 2025 63.17 0.00
Dec 2024 63.17 0.00
Sep 2024 63.17 0.00
Jun 2024 63.17 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 27.9694011648484% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of -146.9144 days.
  • The company has a high promoter holding of 63.17%.

 Limitations

  • The company has shown a poor revenue growth of 11.3445896524582% for the Past 3 years.
  • Company has a poor ROE of 1.66419749429476% over the past 3 years.
  • Company has a poor ROCE of 3.42647608932366% over the past 3 years
  • Company has negative cash flow from operations of -3712.9.
  • Tax rate is low at -17.9549.
  • The company has a low EBITDA margin of -15.0734127181374% over the past 5 years.
  • The company is trading at a high PE of 172.69.
  • The company is trading at a high EV/EBITDA of 51.4432.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Net Sales 8260.25 5484.92 6584.1 7277.09 8993.37
Total Expenditure 7532.39 5654.27 6309.1 6972.85 8161.69
Operating Profit 727.86 -169.35 275 304.24 831.68
Other Income 164.92 109.95 118.41 116.24 158.79
Interest 193.32 161.74 201.38 183.78 201.43
Depreciation 68.4 58.97 60.09 67.88 85.02
Exceptional Items 0 0 0 0 0
Profit Before Tax 631.06 -280.11 131.94 168.82 704.02
Tax 146.7 -67.59 35.27 44.05 199.97
Profit After Tax 484.36 -212.52 96.67 124.77 504.05
Adjusted EPS (Rs) 1.39 -0.61 0.28 0.36 1.45

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 21459.19 17308.44 21211.09 23364.94 23892.78
Total Expenditure 25075.85 22820.72 23587.6 25383.35 28094.09
Operating Profit -3616.66 -5512.28 -2376.51 -2018.41 -4201.31
Other Income 4068.58 2839.36 3574.41 3576.71 5498.18
Interest 611.17 465.63 446.89 612.19 827.64
Depreciation 502.86 473.05 314.06 260.34 248.9
Exceptional Items 0 0 0 0 0
Profit Before Tax -662.11 -3611.6 436.95 685.77 220.33
Tax 810.86 -894.46 26.71 61.49 -39.56
Net Profit -1472.97 -2717.14 410.24 624.28 259.89
Adjusted EPS (Rs.) -4.23 -7.8 1.18 1.79 0.75

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 696.41 696.41 696.41 696.41 696.41
Total Reserves 28484.8 25787.64 26274.75 24115.98 24154.18
Borrowings 0 0 0 0 0
Other N/C liabilities 5719.19 5238.45 4835.93 4815.66 5032.78
Current liabilities 24878.14 20977.53 21432.62 23538.97 25357.93
Total Liabilities 59778.54 52700.03 53239.71 53167.02 55241.3
Assets
Net Block 2814.08 2488.32 2398.46 2475.98 2574.04
Capital WIP 306.74 403.21 422.32 344.59 282.32
Intangible WIP 7.26 16.35 8.66 9.26 26.04
Investments 669.51 670 669.71 669.54 667.6
Loans & Advances 4801.41 20079.48 3424.18 3661.02 3521.69
Other N/C Assets 16176.92 50.09 18392.93 16852.71 13598.79
Current Assets 35002.62 28992.58 27923.45 29153.92 34570.82
Total Assets 59778.54 52700.03 53239.71 53167.02 55241.3
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -662.11 -3611.6 436.95 685.77 220.33
Adjustment 712.61 1742.02 -777.97 -740.26 -710.79
Changes in Assets & Liabilities -2620.27 2620.03 592.41 -796.63 -3444.61
Tax Paid -321.94 -190.39 408.88 110.42 222.17
Operating Cash Flow -2891.71 560.06 660.27 -740.7 -3712.9
Investing Cash Flow 1877.02 -42.55 -1125.33 1480.46 1330.86
Financing Cash Flow 1621.95 -393.19 -329.5 88.96 2655.74
Net Cash Flow 607.26 124.32 -794.56 828.72 273.7

Corporate Actions

Investors Details

PARTICULARS Jun 2024% Sep 2024% Dec 2024% Mar 2025% Jun 2025%
promoters 63.17 63.17 63.17 63.17 63.17
president of india 63.17 63.17 63.17 63.17 63.17
PARTICULARS Jun 2024% Sep 2024% Dec 2024% Mar 2025% Jun 2025%
investors 36.83 36.83 36.83 36.83 36.83
investor education and pr... - 0.02 0.02 0.02 0.03
life insurance corporatio... 7.33 6.72 6.72 6.72 6.88
llp - 0.03 0.04 0.04 0.03
nippon life india trustee... - - - - 2.51
nps trust - - - - 1.62
nippon life india trustee... 1.28 1.97 2.28 2.47 -
nps trust- a/c sbi pensio... - - - 1.04 -
government of singapore 1.34 1.48 1.02 - -
investor education and pr... 0.02 - - - -

Annual Reports

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Annual Report 2024
Annual Report 2023
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

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Credit CARE
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Credit CARE
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TYPE AGENCY Link
TYPE AGENCY Link
Research Prabhudas Lilladhar
Research Motilal Oswal
Research ICICI Securities Limited
Research Nirmal Bang Institutional

Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q4FY23
Concall Q1FY21
Concall Q1FY20
TYPE QUARTER Link
TYPE QUARTER Link
Presentation Q4FY20
Presentation Q1FY25
Presentation Q1FY20

Company News

BHEL secures LoA worth around Rs 6500 crore 30 Jun, 10:21 AM Bharat Heavy Electricals informs about changes in senior management 25 Jun, 11:40 AM Bharat Heavy Electricals reports 3% rise in Q4 consolidated net profit 16 May, 5:19 PM BHEL - Quaterly Results 16 May, 2:32 PM BHEL - Quaterly Results 16 May, 2:32 PM BHEL - Quaterly Results 16 May, 2:32 PM BHEL reports minor fire incident in Bhopal unit 25 Apr, 2:42 PM Bharat Heavy Electricals informs about change in management 25 Apr, 2:11 PM BHEL registers 19% growth in revenue in FY25 21 Apr, 3:42 PM BHEL signs technology transfer agreement with BARC 17 Apr, 10:08 AM Bharat Heavy Electricals informs about updates 16 Apr, 5:13 PM BHEL inks pact with M/s Nuovo Pignone International 10 Apr, 12:15 PM BHEL signs contract with Rajasthan Part I Power Transmission 3 Apr, 6:12 PM Bharat Heavy Electricals informs about press release 3 Apr, 5:30 PM Bharat Heavy Electricals bags LoI worth Rs 11,800 crore from CSPGCL 28 Mar, 2:29 PM Bharat Heavy Electricals informs about receipt of LOI 28 Mar, 12:46 PM BHEL extends technology collaboration agreement with M/s Vogt Power International 26 Mar, 12:39 PM Bharat Heavy Electricals bags LoI worth Rs 7,500 crore 21 Mar, 12:50 PM Bharat Heavy Electricals informs about changes in senior management 25 Feb, 10:31 AM Bharat Heavy Electricals informs about changes in senior management 25 Feb, 10:30 AM Bharat Heavy Electricals informs about disclosure 21 Feb, 10:00 AM BHEL bags LoI worth Rs 6700 crore from SCCL 15 Feb, 10:33 AM BHEL secures order for boiler island package for 2x660 MW Raghunathpur TPS in West Bengal 14 Feb, 12:00 PM Bharat Heavy Electricals informs about LOI 11 Feb, 5:13 PM BHEL, HEIL consortium secures contract from Rajasthan Part I Power Transmission 10 Feb, 2:11 PM BHEL receives LoA from MAHAGENCO 8 Feb, 10:20 AM BHEL reports over two-fold jump in Q3 consolidated net profit 29 Jan, 12:30 PM BHEL - Quaterly Results 28 Jan, 6:35 PM BHEL - Quaterly Results 28 Jan, 6:35 PM BHEL - Quaterly Results 28 Jan, 6:35 PM Bharat Heavy Electricals informs about changes in senior management 25 Jan, 9:31 AM Bharat Heavy Electricals informs about changes in senior management 25 Jan, 9:30 AM BHEL signs MoU with ONGC 10 Jan, 5:50 PM Bharat Heavy Electricals informs about board meeting 10 Jan, 2:43 PM BHEL commissions Unit-1 & 2 of Punatsangchhu-II Hydroelectric Project in Bhutan 8 Jan, 6:09 PM Bharat Heavy Electricals informs about press release 5 Dec, 1:52 PM Bharat Heavy Electricals informs about press release 26 Nov, 2:42 PM Bharat Heavy Electricals informs about change in senior management 25 Nov, 9:27 AM Bharat Heavy Electricals informs about press release 12 Nov, 3:53 PM BHEL emerges as successful bidder for Telangana Stage-II Supercritical Thermal Power Plant 12 Nov, 2:28 PM BHEL turns black in Q2FY25 28 Oct, 4:00 PM BHEL - Quaterly Results 28 Oct, 2:30 PM BHEL - Quaterly Results 28 Oct, 2:30 PM BHEL - Quaterly Results 28 Oct, 2:30 PM Bharat Heavy Electricals informs about rumour verification 22 Oct, 5:14 PM Bharat Heavy Electricals informs about compliance certificate 8 Oct, 4:55 PM Bharat Heavy Electricals informs about change in senior management 25 Sep, 10:47 AM Bharat Heavy Electricals informs about disclosure 24 Sep, 12:49 PM BHEL gets NOA from NTPC 21 Sep, 3:02 PM Bharat Heavy Electricals informs about receipt of orders 26 Aug, 10:54 AM

BHEL Stock Price Analysis and Quick Research Report. Is BHEL an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

BHEL stock price today is Rs 254.35. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse BHEL . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). BHEL has a PE ratio of 172.651371164811 which is high and comparatively overvalued .

  • Share Price: - The current share price of BHEL is Rs 254.35. One can use valuation calculators of ticker to know if BHEL share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. BHEL has ROA of 0.4795 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. BHEL has a Current ratio of 1.3633 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. BHEL has a ROE of 1.0466 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. BHEL has a Debt to Equity ratio of 0.3544 which means that the company has low proportion of debt in its capital.

  • Sales growth: - BHEL has reported revenue growth of 2.2591 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of BHEL for the current financial year is -17.5840149199884 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for BHEL is Rs 0.25 and the yield is 0.1967 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of BHEL is Rs 1.4732 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of BHEL in Ticker for free. Also, one can get the intrinsic value of BHEL by using Valuation Calculators, which are available with a Finology ONE subscription. 

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Brief about BHEL

BHEL Share Price

The latest BHEL share price on the National Stock Exchange (NSE) is Rs 257.80 as of 15:23:26 IST on July 15, 2025. This represents a modest gain of +0.17% compared to its previous close. For the most current, regularly updated BHEL share price, please refer to the live ticker section located above on this page. That section provides a real-time BHEL share price summary, including the day's high/low and the 52-week high/low. Investors closely watch the BHEL stock price today, along with BHEL NSE and BHEL BSE, for insights into its market performance.

BHEL Share Returns Performance

BHEL's share returns performance over various periods is detailed below (data as of July 15, 2025):

  • 1 Week: -0.53%

  • 1 Month: +1.5%

  • 3 Months: +20.84%

  • 1 Year: -21.03%

  • 5 Years: +561.57%

These figures indicate that while BHEL share returns have experienced some short-term volatility, with a negative return over the past year, the company has delivered substantial long-term gains over the five-year period. This highlights a strong underlying growth trend despite recent fluctuations. As detailed in the interactive charts and data section above on this webpage, you can explore the share price chart and analyse its returns generated over various specific time frames, such as one week, one month, six months, one year, three years, and five years.

Latest News Impacting BHEL Share Price

Recent news and corporate actions have had a notable impact on the BHEL share price.

  • Q4 FY25 Results: BHEL announced a net profit of Rs 504.45 crore for the quarter ended March 2025, marking a 3% increase year-on-year. Revenue for the quarter also increased by 9% to Rs 8,993 crore. For the full fiscal year FY25, net profit soared by 97% to Rs 512.97 crore. This strong performance, particularly the significant full-year profit jump, has generally created a positive sentiment around BHEL's financial stability and improved operational efficiency, which supports the BHEL share value.
     
  • Dividend Announcement: The board recommended a final dividend of Rs 0.50 per equity share for FY25, subject to shareholder approval. This dividend payout, along with a healthy dividend payout ratio, signals confidence from the management and can attract dividend-seeking investors, positively influencing the BHEL stock price.

     

  • Highest-Ever Order Book: BHEL closed FY25 with its highest-ever annual order booking of Rs 92,535 crore, and an outstanding order book of Rs 1,96,328 crore as of March 31, 2025. This robust order book, heavily driven by the power sector, provides strong revenue visibility and long-term growth prospects, acting as a key factor affecting BHEL share price positively.

     

  • Diversification into New Sectors: BHEL is actively diversifying into areas like EV charging infrastructure, defense manufacturing, and green hydrogen. The government's push for infrastructure development and clean energy initiatives offers significant opportunities. For instance, BHEL is exploring becoming a nodal agency for EV chargers, with plans to install 72,000 public EV chargers by March 2026. This strategic diversification reduces reliance on the traditional power sector and opens new avenues for growth, contributing to the BHEL share price outlook.

     

Conclusion on BHEL Stock Price

The BHEL share price is currently experiencing minor day-on-day fluctuations but remains underpinned by strong fundamentals and positive recent developments. While the one-year returns show a dip, the impressive five-year performance and the substantial increase in order book and full-year profit for FY25 suggest a long-term positive outlook for BHEL stock. The company's strategic diversification into high-growth sectors further strengthens its future prospects, indicating a potentially consolidating phase despite short-term volatility in the BHEL share value. This robust BHEL stock analysis points towards a favourable investment scenario for long-term holders.

BHEL Revenue Analysis

Total revenue for BHEL in Q2 FY25, aggregating up to September’ 2024 was Rs 6,584.10 crore, an upside of 28.5%, as compared to the total revenue of Rs 5,125.29 crore for the same Q2 FY24. This, from Rs 5,484.92 crore from the previous QoQ results, a sign of rebound in demand and operations following a sharp rise of 20.1%.

BHEL Operating Profit

For the second quarter ended December 2020, BHEL has achieved an operating profit of Rs 275 crore, reversing the Q2 FY 2021 operating loss of Rs -153.71 crore and the Q1 FY2022 operating loss of Rs -169.35 crore. This change in operation efficiency suggests improved cost controls and greater revenue generation.

BHEL Profit After Tax (PAT)

Q2 FY25 PAT stood at Rs 96.67 crore, significantly up from the Rs -58.30 crore loss in the same quarter of the previous fiscal. As seen above it also scores much higher than the loss incurred during the last quarter estimated at Rs  -212.52 crore; further the PAT also symbolizes the upgrading trend of the company’s profitability at the net level. It stood at Rs 0.20 in Q3 FY25, Rs -0.17 in Q2 FY24, and Rs -0.61 in QFY25.

BHEL: Interest and Depreciation knowledge

Interest expenses were also up at Rs 201.38 crore for Q2 FY25 compared to Rs 180.41 crore in Q2 FY24 and the depreciation costs remained constant signifying prudent capital asset utilisation at Rs 60.09 crore.

The analysis of this research provides BHEL’s standalone quarterly performance and reveals the changes in performance relevant to industrial perspective and expectations with shifting trends based on capital goods influencing NSE and BSE

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