Nifty
:
25461.00
Sensex
:
83432.89
55.70 (0.22%)
193.42 (0.23%)
Nifty
Sensex
:
:
25461.00
83432.89
55.70 (0.22%)
193.42 (0.23%)

Bharat Heavy Electricals Ltd.

Engineering - Industrial Equipments

Rating :
56/99

BSE: 500103 | NSE: BHEL

NSE BSE
260.15
04-Jul-2025
  • Open
  • High
  • Low
  • Previous Close
  •  259
  •  263.35
  •  258.15
  •  257.60
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  6547713
  •  1709076178.8
  •  335.35
  •  176

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 90,585.88
  • 169.67
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 91,768.47
  • 0.19%
  • 3.66

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 63.17%
  • 0.50%
  • 11.77%
  • FII
  • DII
  • Others
  • 7.19%
  • 14.75%
  • 2.62%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -2.45
  • 2.17
  • 4.05

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • 3.02
  • 12.05

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -15.11
  • -
  • -14.15

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 33.69
  • 26.70
  • 61.47

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 1.34
  • 1.68
  • 2.37

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 24.27
  • 34.07
  • 60.55

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
0.81
1.53
5.18
8.67
P/E Ratio
321.17
170.03
50.22
30.01
Revenue
22921
28339
38760
47839
EBITDA
613
1242
3281
4770
Net Income
282
534
1688
3144
ROA
0.5
0.8
5.1
4.7
P/B Ratio
3.65
3.66
3.54
3.25
ROE
1.16
2.17
6.66
11.46
FCFF
-4093
1619
3438
2070
FCFF Yield
-4.34
1.72
3.65
2.2
Net Debt
2699
1402
2150
2984
BVPS
71.37
71
73.46
80.1

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Jun 24
Jun 23
Var%
Net Sales
8,993.37
8,260.25
8.88%
7,277.09
5,503.81
32.22%
6,584.10
5,125.29
28.46%
5,484.92
5,003.43
9.62%
Expenses
8,161.69
7,532.39
8.35%
6,972.85
5,287.27
31.88%
6,309.10
5,279.00
19.51%
5,654.27
5,181.52
9.12%
EBITDA
831.68
727.86
14.26%
304.24
216.54
40.50%
275.00
-153.71
-
-169.35
-178.09
-
EBIDTM
9.25%
8.81%
4.18%
3.93%
4.18%
-3.00%
-3.09%
-3.56%
Other Income
149.27
156.59
-4.67%
107.91
95.82
12.62%
111.27
180.09
-38.21%
96.86
113.77
-14.86%
Interest
201.43
193.32
4.20%
183.78
189.60
-3.07%
201.38
180.41
11.62%
161.74
167.96
-3.70%
Depreciation
85.02
68.40
24.30%
67.88
60.60
12.01%
60.09
59.91
0.30%
58.97
59.99
-1.70%
PBT
694.50
622.73
11.53%
160.49
62.16
158.19%
124.80
-213.94
-
-293.20
-292.27
-
Tax
199.97
146.70
36.31%
44.05
24.18
82.18%
35.27
-138.98
-
-67.59
-71.46
-
PAT
494.53
476.03
3.89%
116.44
37.98
206.58%
89.53
-74.96
-
-225.61
-220.81
-
PATM
5.50%
5.76%
1.60%
0.69%
1.36%
-1.46%
-4.11%
-4.41%
EPS
1.45
1.41
2.84%
0.39
0.17
129.41%
0.30
-0.18
-
-0.61
-0.59
-

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Net Sales
28,339.48
23,892.78
23,364.94
21,211.09
17,308.69
21,463.14
30,441.38
28,827.48
28,477.03
25,520.44
30,623.03
Net Sales Growth
18.61%
2.26%
10.15%
22.55%
-19.36%
-29.49%
5.60%
1.23%
11.59%
-16.66%
 
Cost Of Goods Sold
18,845.15
11,547.99
10,475.46
9,729.79
8,669.42
10,739.21
13,993.42
12,728.84
14,118.82
13,265.21
13,859.33
Gross Profit
9,494.33
12,344.79
12,889.48
11,481.30
8,639.27
10,723.93
16,447.96
16,098.64
14,358.21
12,255.23
16,763.70
GP Margin
33.50%
51.67%
55.17%
54.13%
49.91%
49.96%
54.03%
55.84%
50.42%
48.02%
54.74%
Total Expenditure
27,097.91
28,094.09
25,383.35
23,589.94
22,826.89
25,084.29
30,562.02
29,579.72
31,233.82
28,835.14
30,186.82
Power & Fuel Cost
-
475.59
510.50
435.58
353.76
486.35
537.32
503.99
494.87
499.47
556.46
% Of Sales
-
1.99%
2.18%
2.05%
2.04%
2.27%
1.77%
1.75%
1.74%
1.96%
1.82%
Employee Cost
-
5,628.84
5,700.63
5,519.05
5,378.15
5,431.65
5,509.25
6,075.55
5,402.71
5,387.15
5,473.37
% Of Sales
-
23.56%
24.40%
26.02%
31.07%
25.31%
18.10%
21.08%
18.97%
21.11%
17.87%
Manufacturing Exp.
-
5,765.03
6,279.55
5,492.89
3,656.85
3,932.84
5,123.73
4,445.60
4,139.97
4,089.06
4,439.76
% Of Sales
-
24.13%
26.88%
25.90%
21.13%
18.32%
16.83%
15.42%
14.54%
16.02%
14.50%
General & Admin Exp.
-
611.62
587.32
512.33
599.82
788.34
810.92
777.42
872.63
448.76
463.81
% Of Sales
-
2.56%
2.51%
2.42%
3.47%
3.67%
2.66%
2.70%
3.06%
1.76%
1.51%
Selling & Distn. Exp.
-
217.15
261.81
251.18
230.18
317.20
381.30
430.13
468.75
392.85
415.55
% Of Sales
-
0.91%
1.12%
1.18%
1.33%
1.48%
1.25%
1.49%
1.65%
1.54%
1.36%
Miscellaneous Exp.
-
3,847.87
1,568.08
1,649.12
3,938.71
3,388.70
4,206.08
4,618.19
5,736.07
4,752.64
415.55
% Of Sales
-
16.10%
6.71%
7.77%
22.76%
15.79%
13.82%
16.02%
20.14%
18.62%
16.26%
EBITDA
1,241.57
-4,201.31
-2,018.41
-2,378.85
-5,518.20
-3,621.15
-120.64
-752.24
-2,756.79
-3,314.70
436.21
EBITDA Margin
4.38%
-17.58%
-8.64%
-11.22%
-31.88%
-16.87%
-0.40%
-2.61%
-9.68%
-12.99%
1.42%
Other Income
465.31
5,456.53
3,550.53
3,561.14
2,817.94
4,052.30
3,000.01
3,475.37
4,628.55
3,465.92
2,925.52
Interest
748.33
827.64
612.19
448.13
466.56
612.67
378.29
330.17
412.84
359.81
92.43
Depreciation
271.96
248.90
260.34
314.12
473.25
503.27
475.74
787.33
849.79
936.70
1,082.01
PBT
686.59
178.68
659.59
420.04
-3,640.07
-684.79
2,025.34
1,605.63
609.13
-1,145.29
2,187.29
Tax
211.70
-39.56
61.49
25.75
-896.23
809.28
837.32
776.68
130.39
-455.55
736.85
Tax Rate
30.83%
-22.14%
9.32%
6.13%
24.62%
-118.18%
41.34%
48.37%
21.41%
39.78%
33.69%
PAT
474.89
282.22
654.12
446.03
-2,697.11
-1,491.73
1,190.70
831.92
480.82
-688.29
1,452.38
PAT before Minority Interest
474.89
282.22
654.12
444.71
-2,699.70
-1,494.07
1,188.02
828.95
478.74
-689.74
1,450.44
Minority Interest
0.00
0.00
0.00
1.32
2.59
2.34
2.68
2.97
2.08
1.45
1.94
PAT Margin
1.68%
1.18%
2.80%
2.10%
-15.58%
-6.95%
3.91%
2.89%
1.69%
-2.70%
4.74%
PAT Growth
117.60%
-56.86%
46.65%
-
-
-
43.13%
73.02%
-
-
 
EPS
1.36
0.81
1.88
1.28
-7.75
-4.28
3.42
2.39
1.38
-1.98
4.17

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Shareholder's Funds
24,438.65
24,378.26
26,506.60
25,983.66
28,660.72
30,904.34
32,334.99
32,388.99
32,314.15
34,206.60
Share Capital
696.41
696.41
696.41
696.41
696.41
696.41
734.28
489.52
489.52
489.52
Total Reserves
23,742.24
23,681.85
25,810.19
25,287.25
27,964.31
30,207.93
31,600.71
31,899.47
31,824.63
33,717.08
Non-Current Liabilities
5,032.78
4,815.66
4,835.93
5,239.76
5,722.56
6,476.07
5,642.48
4,970.72
8,602.16
11,680.40
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,672.22
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
95.45
57.18
89.55
126.29
61.40
Long Term Provisions
2,489.08
4,101.02
3,771.21
3,925.56
4,225.16
5,476.03
4,984.89
5,006.19
7,629.61
6,817.18
Current Liabilities
25,357.94
23,538.98
21,432.62
21,015.76
24,907.57
25,943.36
24,196.76
23,634.69
26,992.96
22,727.34
Trade Payables
8,696.24
9,895.83
7,749.59
6,680.83
8,829.16
11,380.98
10,589.25
8,715.88
8,708.44
9,087.71
Other Current Liabilities
5,510.30
5,402.10
5,809.86
5,658.58
5,745.64
6,649.32
7,538.93
7,226.94
8,691.07
9,266.65
Short Term Borrowings
8,808.00
5,385.00
4,745.00
4,849.28
4,947.92
2,444.57
10.28
6.03
3.53
98.79
Short Term Provisions
2,343.40
2,856.05
3,128.17
3,827.07
5,384.85
5,468.49
6,058.30
7,685.84
9,589.92
4,274.19
Total Liabilities
54,829.37
52,732.90
52,775.15
52,227.52
59,281.78
63,317.04
62,170.18
60,993.32
67,910.05
68,616.57
Net Block
2,574.04
2,475.98
2,398.46
2,491.14
2,817.12
2,970.46
3,073.21
3,601.19
3,968.71
4,227.50
Gross Block
7,236.24
6,948.85
6,639.82
6,470.30
6,338.34
6,003.37
5,633.23
5,379.55
4,903.04
12,698.95
Accumulated Depreciation
4,662.20
4,472.87
4,241.36
3,979.16
3,521.22
3,032.91
2,560.02
1,778.36
934.33
8,471.45
Non Current Assets
20,258.55
23,578.98
24,851.70
23,225.61
24,271.51
22,047.95
17,698.01
14,597.30
16,517.83
19,575.22
Capital Work in Progress
308.36
353.85
430.98
419.56
314.00
235.44
202.76
168.34
317.84
2,613.56
Non Current Investment
255.67
235.42
205.15
185.34
162.06
152.36
428.97
757.13
796.42
5.91
Long Term Loans & Adv.
3,521.69
3,661.02
3,424.18
20,079.48
20,925.17
4,222.46
3,688.46
10,035.91
11,434.13
12,725.74
Other Non Current Assets
13,598.79
16,852.71
18,392.93
50.09
53.16
14,467.23
10,304.61
34.73
0.73
0.26
Current Assets
34,570.82
29,153.92
27,923.45
29,001.91
35,010.27
41,269.09
44,472.17
46,396.02
51,392.22
49,041.35
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
7,220.57
6,755.90
6,560.21
7,194.45
8,908.23
7,800.04
6,263.15
7,379.67
9,608.44
10,116.87
Sundry Debtors
4,785.38
3,128.35
3,024.75
4,035.07
7,108.60
11,863.14
14,064.68
22,077.58
22,438.89
26,520.12
Cash & Bank
6,157.47
6,698.07
7,153.69
6,701.45
6,418.59
7,503.54
11,176.28
10,493.55
10,087.20
9,948.90
Other Current Assets
16,407.40
1,196.60
719.47
1,709.37
12,574.85
14,102.37
12,968.06
6,445.22
9,257.69
2,455.46
Short Term Loans & Adv.
15,095.56
11,375.00
10,465.33
9,361.57
10,987.62
3,647.13
3,399.24
5,451.39
9,132.07
2,277.02
Net Current Assets
9,212.88
5,614.94
6,490.83
7,986.15
10,102.70
15,325.73
20,275.41
22,761.33
24,399.26
26,314.01
Total Assets
54,829.37
52,732.90
52,775.15
52,227.52
59,281.78
63,317.04
62,170.18
60,993.32
67,910.05
68,616.57

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Cash From Operating Activity
-3,712.90
-740.70
660.25
559.95
-2,891.50
-3,860.15
989.07
560.41
374.44
821.19
PBT
242.66
715.61
470.46
-3,595.93
-659.07
1,839.74
1,605.63
585.57
-1,161.13
2,187.29
Adjustment
-733.12
-770.10
-813.82
1,725.29
705.10
2,310.00
2,610.61
1,938.98
2,511.19
1,505.92
Changes in Working Capital
-3,444.61
-796.63
594.73
2,620.94
-2,615.60
-7,589.09
-3,270.32
-1,375.24
-670.33
-1,824.79
Cash after chg. in Working capital
-3,935.07
-851.12
251.37
750.30
-2,569.57
-3,439.35
945.92
1,149.31
679.73
1,868.42
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
222.17
110.42
408.88
-190.35
-321.93
-420.80
43.15
-588.90
-305.29
-1,047.23
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
1,330.86
1,480.46
-1,125.32
-42.50
1,877.06
1,918.84
961.21
-565.16
23.07
650.40
Net Fixed Assets
-241.90
-231.90
-187.99
-237.53
-458.80
-357.58
-288.08
-326.93
7,889.56
-410.84
Net Investments
1.94
0.17
0.29
-0.49
-0.15
21.38
-29.32
2.74
-246.49
2.50
Others
1,570.82
1,712.19
-937.62
195.52
2,336.01
2,255.04
1,278.61
-240.97
-7,620.00
1,058.74
Cash from Financing Activity
2,655.74
88.96
-329.49
-394.15
1,621.99
-31.63
-667.39
-467.87
-122.47
-3,542.66
Net Cash Inflow / Outflow
273.70
828.72
-794.56
123.30
607.55
-1,972.94
1,282.89
-472.62
275.04
-2,071.07
Opening Cash & Equivalents
1,561.34
732.62
1,519.90
1,396.60
789.05
2,768.68
1,485.92
1,958.54
9,812.16
12,019.97
Closing Cash & Equivalent
1,835.04
1,561.34
732.62
1,519.90
1,396.60
795.74
2,768.81
1,485.92
10,087.20
9,948.90

Financial Ratios

Consolidated /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Book Value (Rs.)
70.18
70.01
76.12
74.62
82.31
88.75
88.07
88.22
88.02
93.17
ROA
0.52%
1.24%
0.85%
-4.84%
-2.44%
1.89%
1.35%
0.74%
-1.01%
2.04%
ROE
1.16%
2.57%
1.69%
-9.88%
-5.02%
3.76%
2.56%
1.48%
-2.07%
4.31%
ROCE
3.40%
4.35%
2.96%
-9.71%
-0.21%
7.29%
5.96%
3.14%
-2.29%
6.16%
Fixed Asset Turnover
3.90
3.96
3.69
3.08
3.94
6.00
5.96
5.78
3.03
2.56
Receivable days
52.18
41.70
53.28
103.23
142.48
135.45
201.15
273.25
334.91
314.33
Inventory Days
92.15
90.24
103.81
149.17
125.48
73.47
75.93
104.28
134.94
114.46
Payable days
291.25
303.08
266.23
323.25
169.19
152.20
141.99
125.18
132.36
124.50
Cash Conversion Cycle
-146.91
-171.14
-109.14
-70.85
98.77
56.73
135.08
252.36
337.49
304.29
Total Debt/Equity
0.36
0.22
0.18
0.19
0.17
0.08
0.00
0.00
0.01
0.06
Interest Cover
1.29
2.17
2.05
-6.71
-0.12
6.35
5.86
2.48
-2.18
24.66

Annual Reports:

FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016
FY 2015

News Update:


  • BHEL secures LoA worth around Rs 6500 crore
    30th Jun 2025, 10:21 AM

    The company has received a Letter of Award from Adani Power

    Read More
  • Bharat Heavy Electricals reports 3% rise in Q4 consolidated net profit
    16th May 2025, 17:19 PM

    The total consolidated income of the company increased by 8.62% at Rs 9142.64 crore for Q4FY25

    Read More
  • BHEL reports minor fire incident in Bhopal unit
    25th Apr 2025, 14:42 PM

    The fire was contained within the plantation area, and there was no damage to any machinery, plant or property

    Read More
  • BHEL registers 19% growth in revenue in FY25
    21st Apr 2025, 15:42 PM

    The company also secured its highest-ever order inflows during the year, amounting to Rs 92,534 crore

    Read More
  • BHEL signs technology transfer agreement with BARC
    17th Apr 2025, 10:08 AM

    The company has signed agreement for Mixed-Matrix Membrane Diaphragm for separator applications in electrochemical cells

    Read More
  • BHEL inks pact with M/s Nuovo Pignone International
    10th Apr 2025, 12:15 PM

    The company will be able to address Compressor Revamp opportunities in Fertilizer sector in India after strategic Tie Up with Nuovo Pignone International

    Read More
  • Bharat Heavy Electricals bags LoI worth Rs 11,800 crore from CSPGCL
    28th Mar 2025, 14:29 PM

    The order is to be executed within 60 months

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.