Bharat Heavy Electricals, 500103, BHEL Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

73,959.03
255.21
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

75,141.62
0.24%
3.05

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

1.05
10.36
6.65

EBITDA CAGR (%)

10 Years
5 Years
3 Years

2.44
-5.23
15.88

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
-6.55

P:E (Median)

8 Years
5 Years
3 Years

33.75
31.46
108.15

P:BV (Average)

8 Years
5 Years
3 Years

1.39
1.78
2.52

EV:EBITDA (Average)

8 Years
5 Years
3 Years

25.07
35.00
62.73

Earnings Forecasts:

(Updated: 04-09-2025)

Description 2024 2025 2026 2027
Adj EPS 1.53 5.25 9.03 11.58
P/E Ratio 138.80 40.45 23.52 18.34
Revenue 28339.5 38711.3 47821.4 56549.6
EBITDA 1241.57 3200.29 4718.94 5094.32
Net Income 533.9 1752.38 3265.54 4107.45
ROA 0.84 5.18 4.65 5.54
P/B Ratio 2.99 2.89 2.65 2.46
ROE 2.17 6.94 12.01 13.89
FCFF 1619.16 3438.42 2069.76 -551.9
FCFF Yield 1.8 3.82 2.3 -0.61
Net Debt 1402.19 2400.26 2984.48 4186.45
BVPS 71 73.46 80.1 86.5

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 5,486.91 5,484.92 0.04% 8,993.37 8,260.25 8.88% 7,277.09 5,503.81 32.22% 6,584.10 5,125.29 28.46%
Expenses 6,024.05 5,654.27 6.54% 8,161.69 7,532.39 8.35% 6,972.85 5,287.27 31.88% 6,309.10 5,279.00 19.51%
EBITDA -537.14 -169.35 - 831.68 727.86 14.26% 304.24 216.54 40.50% 275.00 -153.71 -
EBIDTM -9.79% -3.09% 9.25% 8.81% 4.18% 3.93% 4.18% -3.00%
Other Income 185.44 109.95 68.66% 158.79 164.92 -3.72% 116.24 104.15 11.61% 118.41 196.75 -39.82%
Interest 181.21 161.74 12.04% 201.43 193.32 4.20% 183.78 189.60 -3.07% 201.38 180.41 11.62%
Depreciation 74.52 58.97 26.37% 85.02 68.40 24.30% 67.88 60.60 12.01% 60.09 59.91 0.30%
PBT -607.43 -280.11 - 704.02 631.06 11.56% 168.82 70.49 139.49% 131.94 -197.28 -
Tax -152.54 -67.59 - 199.97 146.70 36.31% 44.05 24.18 82.18% 35.27 -138.98 -
PAT -454.89 -212.52 - 504.05 484.36 4.07% 124.77 46.31 169.42% 96.67 -58.30 -
PATM -8.29% -3.87% 5.60% 5.86% 1.71% 0.84% 1.47% -1.14%
EPS -1.31 -0.61 - 1.45 1.39 4.32% 0.36 0.13 176.92% 0.28 -0.17 -

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 5,486.91 5,484.92 0.04% 8,993.37 8,260.25 8.88% 7,277.09 5,503.81 32.22% 6,584.10 5,125.29 28.46%
Expenses 6,024.05 5,654.27 6.54% 8,161.69 7,532.39 8.35% 6,972.85 5,287.27 31.88% 6,309.10 5,279.00 19.51%
EBITDA -537.14 -169.35 - 831.68 727.86 14.26% 304.24 216.54 40.50% 275.00 -153.71 -
EBIDTM -9.79% -3.09% 9.25% 8.81% 4.18% 3.93% 4.18% -3.00%
Other Income 171.16 96.86 76.71% 149.27 156.59 -4.67% 107.91 95.82 12.62% 111.27 180.09 -38.21%
Interest 181.21 161.74 12.04% 201.43 193.32 4.20% 183.78 189.60 -3.07% 201.38 180.41 11.62%
Depreciation 74.52 58.97 26.37% 85.02 68.40 24.30% 67.88 60.60 12.01% 60.09 59.91 0.30%
PBT -621.71 -293.20 - 694.50 622.73 11.53% 160.49 62.16 158.19% 124.80 -213.94 -
Tax -152.54 -67.59 - 199.97 146.70 36.31% 44.05 24.18 82.18% 35.27 -138.98 -
PAT -469.17 -225.61 - 494.53 476.03 3.89% 116.44 37.98 206.58% 89.53 -74.96 -
PATM -8.55% -4.11% 5.50% 5.76% 1.60% 0.69% 1.36% -1.46%
EPS -1.31 -0.61 - 1.45 1.41 2.84% 0.39 0.17 129.41% 0.30 -0.18 -

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 28,341.47 28,339.48 23,892.78 23,364.94 21,211.09 17,308.44 21,459.19 30,422.68 28,813.00 28,447.04 25,482.63 Net Sales Growth 16.28% 18.61% 2.26% 10.15% 22.55% -19.34% -29.46% 5.59% 1.29% 11.63% Cost Of Goods Sold 18,854.12 13,423.32 11,547.99 10,475.46 9,729.79 8,669.42 10,737.71 13,980.40 12,719.87 14,097.29 13,212.35 Gross Profit 9,487.35 14,916.16 12,344.79 12,889.48 11,481.30 8,639.02 10,721.48 16,442.28 16,093.13 14,349.75 12,270.28 GP Margin 33.48% 52.63% 51.67% 55.17% 54.13% 49.91% 49.96% 54.05% 55.85% 50.44% 48.15% Total Expenditure 27,467.69 32,557.63 28,094.09 25,383.35 23,587.60 22,820.72 25,075.85 30,539.45 29,601.27 31,199.50 28,723.55 Power & Fuel Cost - 511.08 475.59 510.50 435.58 353.61 486.08 537.01 503.68 494.51 499.06 % Of Sales - 1.80% 1.99% 2.18% 2.05% 2.04% 2.27% 1.77% 1.75% 1.74% 1.96% Employee Cost - 5,923.42 5,628.84 5,700.63 5,516.84 5,372.26 5,426.41 5,501.60 6,067.34 5,394.59 5,379.75 % Of Sales - 20.90% 23.56% 24.40% 26.01% 31.04% 25.29% 18.08% 21.06% 18.96% 21.11% Manufacturing Exp. - 5,997.28 5,765.03 6,279.55 5,492.89 3,656.74 3,932.55 5,096.39 4,444.51 4,138.42 4,041.19 % Of Sales - 21.16% 24.13% 26.88% 25.90% 21.13% 18.33% 16.75% 15.43% 14.55% 15.86% General & Admin Exp. - 731.39 611.62 587.32 512.33 599.80 788.26 810.72 777.42 872.45 448.52 % Of Sales - 2.58% 2.56% 2.51% 2.42% 3.47% 3.67% 2.66% 2.70% 3.07% 1.76% Selling & Distn. Exp. - 248.13 217.15 261.81 251.18 230.18 317.20 407.48 430.13 468.23 392.28 % Of Sales - 0.88% 0.91% 1.12% 1.18% 1.33% 1.48% 1.34% 1.49% 1.65% 1.54% Miscellaneous Exp. - 5,723.01 3,847.87 1,568.08 1,648.99 3,938.71 3,387.64 4,205.85 4,658.32 5,734.01 392.28 % Of Sales - 20.19% 16.10% 6.71% 7.77% 22.76% 15.79% 13.82% 16.17% 20.16% 18.64% EBITDA 873.78 -4,218.15 -4,201.31 -2,018.41 -2,376.51 -5,512.28 -3,616.66 -116.77 -788.27 -2,752.46 -3,240.92 EBITDA Margin 3.08% -14.88% -17.58% -8.64% -11.20% -31.85% -16.85% -0.38% -2.74% -9.68% -12.72% Other Income 578.88 6,120.86 5,498.18 3,576.71 3,574.41 2,839.36 4,068.58 3,016.13 3,489.22 4,641.28 3,371.97 Interest 767.80 906.08 827.64 612.19 446.89 465.63 611.17 377.05 329.56 412.15 359.48 Depreciation 287.51 271.96 248.90 260.34 314.06 473.05 502.86 474.81 786.40 848.84 935.74 PBT 397.35 724.67 220.33 685.77 436.95 -3,611.60 -662.11 2,047.50 1,584.99 627.83 -1,164.17 Tax 126.75 211.70 -39.56 61.49 26.71 -894.46 810.86 838.85 778.39 131.97 -454.57 Tax Rate 31.90% 29.21% -17.95% 8.97% 6.11% 24.77% -122.47% 40.97% 49.11% 21.02% 39.05% PAT 270.60 512.97 259.89 624.28 410.24 -2,717.14 -1,472.97 1,208.65 806.60 495.86 -709.60 PAT before Minority Interest 270.60 512.97 259.89 624.28 410.24 -2,717.14 -1,472.97 1,208.65 806.60 495.86 -709.60 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 0.95% 1.81% 1.09% 2.67% 1.93% -15.70% -6.86% 3.97% 2.80% 1.74% -2.78% PAT Growth 4.14% 97.38% -58.37% 52.17% - - - 49.85% 62.67% - EPS 0.78 1.47 0.75 1.79 1.18 -7.80 -4.23 3.47 2.32 1.42 -2.04

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 28,341.47 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 Net Sales Growth 16.28% 18.61% 2.26% 10.15% 22.55% -19.36% -29.49% 5.60% 1.23% 11.59% Cost Of Goods Sold 18,854.12 13,423.32 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 Gross Profit 9,487.35 14,916.16 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 GP Margin 33.48% 52.63% 51.67% 55.17% 54.13% 49.91% 49.96% 54.03% 55.84% 50.42% 48.02% Total Expenditure 27,467.69 32,557.63 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 Power & Fuel Cost - 511.08 475.59 510.50 435.58 353.76 486.35 537.32 503.99 494.87 499.47 % Of Sales - 1.80% 1.99% 2.18% 2.05% 2.04% 2.27% 1.77% 1.75% 1.74% 1.96% Employee Cost - 5,923.42 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 % Of Sales - 20.90% 23.56% 24.40% 26.02% 31.07% 25.31% 18.10% 21.08% 18.97% 21.11% Manufacturing Exp. - 5,997.28 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 % Of Sales - 21.16% 24.13% 26.88% 25.90% 21.13% 18.32% 16.83% 15.42% 14.54% 16.02% General & Admin Exp. - 731.39 611.62 587.32 512.33 599.82 788.34 810.92 777.42 872.63 448.76 % Of Sales - 2.58% 2.56% 2.51% 2.42% 3.47% 3.67% 2.66% 2.70% 3.06% 1.76% Selling & Distn. Exp. - 248.13 217.15 261.81 251.18 230.18 317.20 381.30 430.13 468.75 392.85 % Of Sales - 0.88% 0.91% 1.12% 1.18% 1.33% 1.48% 1.25% 1.49% 1.65% 1.54% Miscellaneous Exp. - 5,723.01 3,847.87 1,568.08 1,649.12 3,938.71 3,388.70 4,206.08 4,618.19 5,736.07 392.85 % Of Sales - 20.19% 16.10% 6.71% 7.77% 22.76% 15.79% 13.82% 16.02% 20.14% 18.62% EBITDA 873.78 -4,218.15 -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 EBITDA Margin 3.08% -14.88% -17.58% -8.64% -11.22% -31.88% -16.87% -0.40% -2.61% -9.68% -12.99% Other Income 539.61 6,082.78 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 Interest 767.80 906.08 827.64 612.19 448.13 466.56 612.67 378.29 330.17 412.84 359.81 Depreciation 287.51 271.96 248.90 260.34 314.12 473.25 503.27 475.74 787.33 849.79 936.70 PBT 358.08 686.59 178.68 659.59 420.04 -3,640.07 -684.79 2,025.34 1,605.63 609.13 -1,145.29 Tax 126.75 211.70 -39.56 61.49 25.75 -896.23 809.28 837.32 776.68 130.39 -455.55 Tax Rate 35.40% 30.83% -22.14% 9.32% 6.13% 24.62% -118.18% 41.34% 48.37% 21.41% 39.78% PAT 231.33 533.90 282.22 654.12 446.03 -2,697.11 -1,491.73 1,190.70 831.92 480.82 -688.29 PAT before Minority Interest 231.33 533.90 282.22 654.12 444.71 -2,699.70 -1,494.07 1,188.02 828.95 478.74 -689.74 Minority Interest 0.00 0.00 0.00 0.00 1.32 2.59 2.34 2.68 2.97 2.08 1.45 PAT Margin 0.82% 1.88% 1.18% 2.80% 2.10% -15.58% -6.95% 3.91% 2.89% 1.69% -2.70% PAT Growth 8.38% 89.18% -56.86% 46.65% - - - 43.13% 73.02% - EPS 0.66 1.53 0.81 1.88 1.28 -7.75 -4.28 3.42 2.39 1.38 -1.98

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 25,113.01 24,850.59 24,812.39 26,971.16 26,484.05 29,181.21 31,431.80 32,601.08 32,294.44 32,181.08 Share Capital 696.41 696.41 696.41 696.41 696.41 696.41 696.41 734.28 489.52 489.52 Total Reserves 24,416.60 24,154.18 24,115.98 26,274.75 25,787.64 28,484.80 30,735.39 31,866.80 31,804.92 31,691.56 Non-Current Liabilities 11,067.71 5,114.77 4,815.66 4,835.93 5,238.45 5,719.19 6,471.61 5,584.58 4,968.72 8,599.07 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 95.45 57.18 89.55 126.29 Long Term Provisions 2,585.56 2,489.08 4,101.02 3,771.21 3,912.78 4,212.13 5,463.14 4,923.11 5,001.35 7,624.50 Current Liabilities 28,243.08 25,272.37 23,538.97 21,432.62 20,977.53 24,878.14 25,918.39 24,235.54 23,617.73 26,975.87 Trade Payables 9,540.92 8,539.38 9,895.83 7,749.59 6,675.05 8,823.62 11,375.11 10,586.86 8,709.16 8,698.34 Other Current Liabilities 8,079.65 5,581.59 5,402.09 5,809.86 5,645.89 5,740.26 6,646.51 7,536.91 7,224.95 8,689.32 Short Term Borrowings 8,795.00 8,808.00 5,385.00 4,745.00 4,833.78 4,933.39 2,431.74 0.00 0.00 0.00 Short Term Provisions 1,827.51 2,343.40 2,856.05 3,128.17 3,822.81 5,380.87 5,465.03 6,111.77 7,683.62 9,588.21 Total Liabilities 64,423.80 55,237.73 53,167.02 53,239.71 52,700.03 59,778.54 63,821.80 62,421.20 60,880.89 67,756.02 Net Block 2,946.73 2,574.04 2,475.98 2,398.46 2,488.32 2,814.08 2,966.99 3,068.84 3,595.88 3,962.48 Gross Block 7,748.16 7,236.25 6,948.85 6,639.82 6,463.25 6,331.28 5,951.04 5,626.14 5,372.48 4,896.01 Accumulated Depreciation 4,801.43 4,662.21 4,472.87 4,241.36 3,974.93 3,517.20 2,984.05 2,557.30 1,776.60 933.53 Non Current Assets 21,651.83 20,670.49 24,013.10 25,316.26 23,707.45 24,775.92 22,561.59 17,954.09 14,494.87 16,378.43 Capital Work in Progress 195.43 308.36 353.85 430.98 419.56 314.00 235.44 202.76 168.34 317.88 Non Current Investment 671.71 667.61 669.54 669.71 670.00 669.51 669.36 690.74 661.42 664.16 Long Term Loans & Adv. 3,378.15 3,521.69 3,661.02 3,424.18 20,079.48 20,925.17 4,222.57 3,687.14 10,034.50 11,384.67 Other Non Current Assets 14,459.36 13,598.79 16,852.71 18,392.93 50.09 53.16 14,467.23 10,304.61 34.73 49.24 Current Assets 42,771.97 34,567.24 29,153.92 27,923.45 28,992.58 35,002.62 41,260.21 44,467.11 46,386.02 51,377.59 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 9,869.49 7,220.57 6,755.90 6,560.21 7,191.23 8,905.46 7,797.29 6,258.76 7,372.38 9,602.15 Sundry Debtors 5,884.35 4,785.38 3,128.35 3,024.75 4,033.63 7,107.62 11,860.80 14,064.06 22,075.56 22,430.12 Cash & Bank 7,612.41 6,157.47 6,698.07 7,153.69 6,701.43 6,418.56 7,503.34 11,175.87 10,491.79 10,085.99 Other Current Assets 19,405.72 1,308.26 1,196.60 719.47 11,066.29 12,570.98 14,098.78 12,968.42 6,446.29 9,259.33 Short Term Loans & Adv. 17,734.83 15,095.56 11,375.00 10,465.33 9,357.04 10,983.75 3,643.15 3,402.52 5,452.38 9,133.56 Net Current Assets 14,528.89 9,294.87 5,614.95 6,490.83 8,015.05 10,124.48 15,341.82 20,231.57 22,768.29 24,401.72 Total Assets 64,423.80 55,237.73 53,167.02 53,239.71 52,700.03 59,778.54 63,821.80 62,421.20 60,880.89 67,756.02

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 24,722.16 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 Share Capital 696.41 696.41 696.41 696.41 696.41 696.41 696.41 734.28 489.52 489.52 Total Reserves 24,025.75 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 Non-Current Liabilities 11,067.71 5,114.77 4,815.66 4,835.93 5,239.76 5,722.56 6,476.07 5,642.48 4,970.72 8,602.16 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 95.45 57.18 89.55 126.29 Long Term Provisions 2,585.56 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 Current Liabilities 28,237.79 25,272.37 23,538.98 21,432.62 21,015.76 24,907.57 25,943.36 24,196.76 23,634.69 26,992.96 Trade Payables 9,540.92 8,539.38 9,895.83 7,749.59 6,680.83 8,829.16 11,380.98 10,589.25 8,715.88 8,708.44 Other Current Liabilities 8,074.36 5,581.59 5,402.10 5,809.86 5,658.58 5,745.64 6,649.32 7,538.93 7,226.94 8,691.07 Short Term Borrowings 8,795.00 8,808.00 5,385.00 4,745.00 4,849.28 4,947.92 2,444.57 10.28 6.03 3.53 Short Term Provisions 1,827.51 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 Total Liabilities 64,027.66 54,825.79 52,732.90 52,775.15 52,227.52 59,281.78 63,317.04 62,170.18 60,993.32 67,910.05 Net Block 2,946.73 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 Gross Block 7,748.16 7,236.25 6,948.85 6,639.82 6,470.30 6,338.34 6,003.37 5,633.23 5,379.55 4,903.04 Accumulated Depreciation 4,801.43 4,662.21 4,472.87 4,241.36 3,979.16 3,521.22 3,032.91 2,560.02 1,778.36 934.33 Non Current Assets 21,255.69 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 Capital Work in Progress 195.43 308.36 353.85 430.98 419.56 314.00 235.44 202.76 168.34 317.84 Non Current Investment 275.57 255.67 235.42 205.15 185.34 162.06 152.36 428.97 757.13 796.42 Long Term Loans & Adv. 3,378.15 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 Other Non Current Assets 14,459.36 13,598.79 16,852.71 18,392.93 50.09 53.16 14,467.23 10,304.61 34.73 0.73 Current Assets 42,771.97 34,567.24 29,153.92 27,923.45 29,001.91 35,010.27 41,269.09 44,472.17 46,396.02 51,392.22 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 9,869.49 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 Sundry Debtors 5,884.35 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 Cash & Bank 7,612.41 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 Other Current Assets 19,405.72 1,308.26 1,196.60 719.47 11,070.94 12,574.85 14,102.37 12,968.06 6,445.22 9,257.69 Short Term Loans & Adv. 17,734.83 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 Net Current Assets 14,534.18 9,294.87 5,614.94 6,490.83 7,986.15 10,102.70 15,325.73 20,275.41 22,761.33 24,399.26 Total Assets 64,027.66 54,825.79 52,732.90 52,775.15 52,227.52 59,281.78 63,317.04 62,170.18 60,993.32 67,910.05

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 2,191.89 -3,712.90 -740.70 660.27 560.06 -2,891.71 -3,855.58 990.55 561.97 346.93 PBT 724.67 220.33 685.77 436.95 -3,611.60 -662.11 2,047.50 1,584.99 627.83 -1,164.17 Adjustment -343.54 -710.79 -740.26 -777.97 1,742.02 712.61 2,106.84 2,636.20 1,899.43 2,499.13 Changes in Working Capital 1,729.48 -3,444.61 -796.63 592.41 2,620.03 -2,620.27 -7,589.19 -3,273.78 -1,376.37 -682.68 Cash after chg. in Working capital 2,110.61 -3,935.07 -851.12 251.39 750.45 -2,569.77 -3,434.85 947.41 1,150.89 652.28 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid 81.28 222.17 110.42 408.88 -190.39 -321.94 -420.73 43.14 -588.92 -305.35 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 -2,730.91 1,330.86 1,480.46 -1,125.33 -42.55 1,877.02 1,914.91 964.27 -565.94 51.05 Net Fixed Assets -398.98 -241.91 -231.90 -187.99 -237.53 -458.80 -357.58 -288.08 -326.93 7,889.56 Net Investments -4.10 1.93 0.17 0.29 -0.49 -0.15 21.38 -29.32 2.74 -246.49 Others -2,327.83 1,570.84 1,712.19 -937.63 195.47 2,335.97 2,251.11 1,281.67 -241.75 -7,592.02 Cash from Financing Activity -856.81 2,655.74 88.96 -329.50 -393.19 1,621.95 -32.41 -671.03 -469.68 -123.86 Net Cash Inflow / Outflow -1,395.83 273.70 828.72 -794.56 124.32 607.26 -1,973.08 1,283.79 -473.65 274.12 Opening Cash & Equivalents 1,835.04 1,561.34 732.62 1,527.18 1,402.86 795.60 2,768.68 1,484.89 1,958.54 9,811.87 Closing Cash & Equivalent 439.21 1,835.04 1,561.34 732.62 1,527.18 1,402.86 795.60 2,768.68 1,484.89 10,085.99

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 2,191.89 -3,712.90 -740.70 660.25 559.95 -2,891.50 -3,860.15 989.07 560.41 374.44 PBT 745.60 242.66 715.61 470.46 -3,595.93 -659.07 1,839.74 1,605.63 585.57 -1,161.13 Adjustment -364.47 -733.12 -770.10 -813.82 1,725.29 705.10 2,310.00 2,610.61 1,938.98 2,511.19 Changes in Working Capital 1,729.48 -3,444.61 -796.63 594.73 2,620.94 -2,615.60 -7,589.09 -3,270.32 -1,375.24 -670.33 Cash after chg. in Working capital 2,110.61 -3,935.07 -851.12 251.37 750.30 -2,569.57 -3,439.35 945.92 1,149.31 679.73 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid 81.28 222.17 110.42 408.88 -190.35 -321.93 -420.80 43.15 -588.90 -305.29 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 -2,730.91 1,330.86 1,480.46 -1,125.32 -42.50 1,877.06 1,918.84 961.21 -565.16 23.07 Net Fixed Assets -398.98 -241.91 -231.90 -187.99 -237.53 -458.80 -357.58 -288.08 -326.93 7,889.56 Net Investments -4.10 1.93 0.17 0.29 -0.49 -0.15 21.38 -29.32 2.74 -246.49 Others -2,327.83 1,570.84 1,712.19 -937.62 195.52 2,336.01 2,255.04 1,278.61 -240.97 -7,620.00 Cash from Financing Activity -856.81 2,655.74 88.96 -329.49 -394.15 1,621.99 -31.63 -667.39 -467.87 -122.47 Net Cash Inflow / Outflow -1,395.83 273.70 828.72 -794.56 123.30 607.55 -1,972.94 1,282.89 -472.62 275.04 Opening Cash & Equivalents 1,835.04 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 Closing Cash & Equivalent 439.21 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

Financial Ratios

Consolidated /

Standalone

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 72.12 71.37 71.26 77.46 76.06 83.80 90.27 88.80 87.96 87.65 ROA 0.86% 0.48% 1.17% 0.77% -4.83% -2.38% 1.91% 1.31% 0.77% -1.01% ROE 2.05% 1.05% 2.41% 1.53% -9.76% -4.86% 3.78% 2.49% 1.54% -2.14% ROCE 4.83% 3.28% 4.19% 2.80% -9.62% -0.15% 7.27% 5.88% 3.21% -2.42% Fixed Asset Turnover 4.39 3.90 3.96 3.69 3.08 3.96 6.03 5.96 5.78 3.05 Receivable days 59.20 52.18 41.70 53.27 103.21 142.48 135.51 201.22 273.48 333.33 Inventory Days 94.83 92.15 90.24 103.79 149.11 125.46 73.47 75.90 104.31 135.01 Payable days 244.83 288.77 303.08 266.12 323.01 169.15 152.27 142.03 125.22 130.57 Cash Conversion Cycle -90.81 -144.44 -171.14 -109.07 -70.69 98.79 56.71 135.10 252.56 337.77 Total Debt/Equity 0.35 0.35 0.22 0.18 0.18 0.17 0.08 0.00 0.00 0.01 Interest Cover 1.80 1.27 2.12 1.98 -6.76 -0.08 6.43 5.81 2.52 -2.24

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 71.00 70.18 70.01 76.12 74.62 82.31 88.75 88.07 88.22 88.02 ROA 0.90% 0.52% 1.24% 0.85% -4.84% -2.44% 1.89% 1.35% 0.74% -1.01% ROE 2.17% 1.16% 2.57% 1.69% -9.88% -5.02% 3.76% 2.56% 1.48% -2.07% ROCE 4.95% 3.40% 4.35% 2.96% -9.71% -0.21% 7.29% 5.96% 3.14% -2.29% Fixed Asset Turnover 4.39 3.90 3.96 3.69 3.08 3.94 6.00 5.96 5.78 3.03 Receivable days 59.20 52.18 41.70 53.28 103.23 142.48 135.45 201.15 273.25 334.91 Inventory Days 94.83 92.15 90.24 103.81 149.17 125.48 73.47 75.93 104.28 134.94 Payable days 244.83 288.77 303.08 266.23 323.25 169.19 152.20 141.99 125.18 132.36 Cash Conversion Cycle -90.81 -144.44 -171.14 -109.14 -70.85 98.77 56.73 135.08 252.36 337.49 Total Debt/Equity 0.36 0.36 0.22 0.18 0.19 0.17 0.08 0.00 0.00 0.01 Interest Cover 1.82 1.29 2.17 2.05 -6.71 -0.12 6.35 5.86 2.48 -2.18

Top Investors:

life insurance corporation of india

nippon life india trustee ltd

nps trust

investor education and protection fund (iepf)

llp

Annual Reports:

News Update:

BHEL secures LoI worth around Rs 2600 crore
4th Sep 2025, 10:13 AM

Boiler and Turbine Generator are to be manufactured at BHEL’s Trichy and Haridwar plants respectively
Read More
BHEL inks license agreement for transfer of technology with DMRL
30th Aug 2025, 16:59 PM

LAToT is for Manufacture of Fused Silica Radar Domes by Cold Isostatic Pressing and Sintering Route
Read More
BHEL reports consolidated net loss of Rs 455 crore in Q1FY26
7th Aug 2025, 14:58 PM

The total consolidated income of the company increased by 1.37% at Rs 5,658.07 crore for Q1FY26
Read More
BHEL - Quarterly Results
6th Aug 2025, 18:17 PM

Read More
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 Ltd.

Engineering - Industrial Equipments

BSE: 500103 | NSE: BHEL

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Bharat Heavy Electricals Ltd.

Engineering - Industrial Equipments

BSE: 500103 | NSE: BHEL

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: