Nifty
Sensex
:
:
24614.90
78428.95
-159.40 (-0.64%)
-210.08 (-0.27%)

Engineering - Industrial Equipments

Rating :
77/99

BSE: 500103 | NSE: BHEL

411.95
04-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  411.15
  •  412.85
  •  406.25
  •  411.15
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  4709584
  •  1929102009.35
  •  446.5
  •  205.12

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,41,719.98
  • 58.26
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,37,803.36
  • 0.34%
  • 5.35

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 58.17%
  • 0.44%
  • 8.33%
  • FII
  • DII
  • Others
  • 9.53%
  • 20.04%
  • 3.49%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 1.72
  • 9.76
  • 12.24

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 2.77
  • 8.78
  • -2.92

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 13.35
  • 29.11
  • 78.32

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 34.04
  • 62.39
  • 142.64

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 1.76
  • 2.44
  • 3.49

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 29.26
  • 45.64
  • 71.84

Earnings Forecasts:

(Updated: 01-08-2026)
Description
2026
2027
2028
2029
Adj EPS
80
8
92.58
3.42
P/E Ratio
5.15
51.49
4.45
120.45
Revenue
44.54
31.7
25.47
32712.3
EBITDA
41944.6
52669
60015.1
1965.85
Net Income
4140.04
6111.93
7843.15
1174.73
ROA
2923.06
4327.3
5639.05
2.97
P/B Ratio
-0.18
1.21
-0.13
5.61
ROE
4.93
4.42
3.83
5.34
FCFF
11.64
15.13
16.6
11988.1
FCFF Yield
4025.7
1491.4
5970.18
8.8
Net Debt
2.95
1.09
4.38
-3212.9
BVPS
-2337.35
341.1
-3224.6
73.44

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
7,697.72
5,486.91
40.29%
12,310.37
8,993.37
36.88%
8,473.10
7,277.09
16.44%
7,511.80
6,584.10
14.09%
Expenses
7,193.86
6,024.05
19.42%
10,557.27
8,161.69
29.35%
7,927.80
6,972.85
13.70%
6,930.87
6,309.10
9.86%
EBITDA
503.86
-537.14
-
1,753.10
831.68
110.79%
545.30
304.24
79.23%
580.93
275.00
111.25%
EBIDTM
6.55%
-9.79%
14.24%
9.25%
6.44%
4.18%
7.73%
4.18%
Other Income
214.14
171.16
25.11%
243.13
149.27
62.88%
218.75
107.91
102.72%
174.61
111.27
56.92%
Interest
139.88
181.21
-22.81%
197.52
201.43
-1.94%
182.47
183.78
-0.71%
195.21
201.38
-3.06%
Depreciation
81.88
74.52
9.88%
87.90
85.02
3.39%
77.99
67.88
14.89%
75.46
60.09
25.58%
PBT
496.24
-621.71
-
1,710.81
694.50
146.34%
503.59
160.49
213.78%
484.87
124.80
288.52%
Tax
130.99
-152.54
-
437.12
199.97
118.59%
129.43
44.05
193.83%
124.34
35.27
252.54%
PAT
365.25
-469.17
-
1,273.69
494.53
157.56%
374.16
116.44
221.33%
360.53
89.53
302.69%
PATM
4.74%
-8.55%
10.35%
5.50%
4.42%
1.60%
4.80%
1.36%
EPS
1.08
-1.31
-
3.71
1.45
155.86%
1.12
0.39
187.18%
1.08
0.30
260.00%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
35,992.99
33,782.18
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
Net Sales Growth
27.00%
19.21%
18.61%
2.26%
10.15%
22.55%
-19.36%
-29.49%
5.60%
1.23%
 
Cost Of Goods Sold
24,393.29
16,603.99
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
Gross Profit
11,599.70
17,178.19
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
GP Margin
32.23%
50.85%
52.63%
51.67%
55.17%
54.13%
49.91%
49.96%
54.03%
55.84%
50.42%
Total Expenditure
32,609.80
37,404.83
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
Power & Fuel Cost
-
523.60
511.08
475.59
510.50
435.58
353.76
486.35
537.32
503.99
494.87
% Of Sales
-
1.55%
1.80%
1.99%
2.18%
2.05%
2.04%
2.27%
1.77%
1.75%
1.74%
Employee Cost
-
6,467.62
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
% Of Sales
-
19.15%
20.90%
23.56%
24.40%
26.02%
31.07%
25.31%
18.10%
21.08%
18.97%
Manufacturing Exp.
-
7,046.90
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
% Of Sales
-
20.86%
21.16%
24.13%
26.88%
25.90%
21.13%
18.32%
16.83%
15.42%
14.54%
General & Admin Exp.
-
742.51
731.39
611.62
587.32
512.33
599.82
788.34
810.92
777.42
872.63
% Of Sales
-
2.20%
2.58%
2.56%
2.51%
2.42%
3.47%
3.67%
2.66%
2.70%
3.06%
Selling & Distn. Exp.
-
342.83
248.13
217.15
261.81
251.18
230.18
317.20
381.30
430.13
468.75
% Of Sales
-
1.01%
0.88%
0.91%
1.12%
1.18%
1.33%
1.48%
1.25%
1.49%
1.65%
Miscellaneous Exp.
-
5,677.38
5,723.01
3,847.87
1,568.08
1,649.12
3,938.71
3,388.70
4,206.08
4,618.19
468.75
% Of Sales
-
16.81%
20.19%
16.10%
6.71%
7.77%
22.76%
15.79%
13.82%
16.02%
20.14%
EBITDA
3,383.19
-3,622.65
-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
EBITDA Margin
9.40%
-10.72%
-14.88%
-17.58%
-8.64%
-11.22%
-31.88%
-16.87%
-0.40%
-2.61%
-9.68%
Other Income
850.63
7,002.09
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
Interest
715.08
986.01
906.08
827.64
612.19
448.13
466.56
612.67
378.29
330.17
412.84
Depreciation
323.23
315.87
271.96
248.90
260.34
314.12
473.25
503.27
475.74
787.33
849.79
PBT
3,195.51
2,077.56
686.59
178.68
659.59
420.04
-3,640.07
-684.79
2,025.34
1,605.63
609.13
Tax
821.88
538.35
211.70
-39.56
61.49
25.75
-896.23
809.28
837.32
776.68
130.39
Tax Rate
25.72%
25.91%
30.83%
-22.14%
9.32%
6.13%
24.62%
-118.18%
41.34%
48.37%
21.41%
PAT
2,373.63
1,600.26
533.90
282.22
654.12
446.03
-2,697.11
-1,466.01
1,005.10
441.16
457.26
PAT before Minority Interest
2,373.63
1,600.26
533.90
282.22
654.12
444.71
-2,699.70
-1,468.35
1,002.42
438.19
455.18
Minority Interest
0.00
0.00
0.00
0.00
0.00
1.32
2.59
2.34
2.68
2.97
2.08
PAT Margin
6.59%
4.74%
1.88%
1.18%
2.80%
2.10%
-15.58%
-6.83%
3.30%
1.53%
1.61%
PAT Growth
926.08%
199.73%
89.18%
-56.86%
46.65%
-
-
-
127.83%
-3.52%
 
EPS
6.82
4.60
1.53
0.81
1.88
1.28
-7.75
-4.21
2.89
1.27
1.31

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
26,146.60
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
Share Capital
696.41
696.41
696.41
696.41
696.41
696.41
696.41
696.41
734.28
489.52
Total Reserves
25,450.19
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
Non-Current Liabilities
14,204.03
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
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
0.00
95.45
57.18
89.55
Long Term Provisions
2,354.62
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
Current Liabilities
32,311.95
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
Trade Payables
10,491.60
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
Other Current Liabilities
11,941.67
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
Short Term Borrowings
7,950.00
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
Short Term Provisions
1,928.68
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
Total Liabilities
72,662.58
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
Net Block
2,998.01
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
Gross Block
8,004.53
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
Accumulated Depreciation
5,006.52
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
Non Current Assets
21,197.46
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
Capital Work in Progress
495.05
195.43
308.36
353.85
430.98
419.56
314.00
235.44
202.76
168.34
Non Current Investment
302.06
275.57
255.67
235.42
205.15
185.34
162.06
152.36
428.97
757.13
Long Term Loans & Adv.
2,893.48
3,378.15
3,521.69
3,661.02
3,424.18
3,494.57
4,801.41
4,222.46
3,688.46
10,012.28
Other Non Current Assets
14,508.34
14,459.36
13,598.79
16,852.71
18,392.93
16,635.00
16,176.92
14,467.23
10,304.61
58.36
Current Assets
51,465.12
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
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
13,334.58
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
Sundry Debtors
6,796.27
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
Cash & Bank
11,866.62
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
Other Current Assets
19,467.65
1,669.23
1,308.26
1,196.60
11,184.80
11,070.94
12,574.85
14,102.37
12,968.06
6,445.22
Short Term Loans & Adv.
17,271.27
17,736.49
15,095.56
11,375.00
9,909.15
9,767.01
11,503.26
12,766.26
11,659.95
5,005.09
Net Current Assets
19,153.17
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
Total Assets
72,662.58
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
5,837.38
2,192.47
-3,712.90
-740.70
660.25
559.95
-2,891.50
-3,860.15
989.07
560.41
PBT
2,138.61
745.60
242.66
715.61
470.46
-3,595.93
-659.07
1,839.74
1,605.63
585.57
Adjustment
-395.26
-364.47
-733.12
-770.10
-813.82
1,725.29
705.10
2,310.00
2,610.61
1,938.98
Changes in Working Capital
4,083.65
1,730.06
-3,444.61
-796.63
594.73
2,620.94
-2,615.60
-7,589.09
-3,270.32
-1,375.24
Cash after chg. in Working capital
5,827.00
2,111.19
-3,935.07
-851.12
251.37
750.30
-2,569.57
-3,439.35
945.92
1,149.31
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
10.38
81.28
222.17
110.42
408.88
-190.35
-321.93
-420.80
43.15
-588.90
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
-3,035.41
-2,731.49
1,330.86
1,480.46
-1,125.32
-42.50
1,877.06
1,918.84
961.21
-565.16
Net Fixed Assets
-555.99
-398.98
-241.91
-231.90
-187.99
-237.53
-458.80
-357.58
-288.08
-326.93
Net Investments
-4.87
-4.10
1.93
0.17
0.29
-0.49
-0.15
21.38
-29.32
2.74
Others
-2,474.55
-2,328.41
1,570.84
1,712.19
-937.62
195.52
2,336.01
2,255.04
1,278.61
-240.97
Cash from Financing Activity
-1,805.73
-856.81
2,655.74
88.96
-329.49
-394.15
1,621.99
-31.63
-667.39
-467.87
Net Cash Inflow / Outflow
996.24
-1,395.83
273.70
828.72
-794.56
123.30
607.55
-1,972.94
1,282.89
-472.62
Opening Cash & Equivalents
439.21
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
Closing Cash & Equivalent
1,435.45
439.21
1,835.04
1,561.34
732.62
1,519.90
1,396.60
795.74
2,768.81
1,485.92

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
75.09
71.00
70.18
70.01
76.12
74.62
82.31
88.75
88.07
88.22
ROA
2.34%
0.90%
0.52%
1.24%
0.85%
-4.84%
-2.44%
1.89%
1.35%
0.74%
ROE
6.29%
2.17%
1.16%
2.57%
1.69%
-9.88%
-5.02%
3.76%
2.56%
1.48%
ROCE
9.24%
4.95%
3.40%
4.35%
2.96%
-9.71%
-0.21%
7.29%
5.96%
3.14%
Fixed Asset Turnover
5.11
4.39
3.90
3.96
3.69
3.08
3.94
6.00
5.96
5.78
Receivable days
57.53
59.20
52.18
41.70
53.28
103.23
142.48
135.45
201.15
273.25
Inventory Days
105.27
94.83
92.15
90.24
103.81
149.17
125.48
73.47
75.93
104.28
Payable days
219.46
244.83
288.77
303.08
266.23
323.25
169.19
152.20
141.99
125.18
Cash Conversion Cycle
-56.66
-90.81
-144.44
-171.14
-109.14
-70.85
98.77
56.73
135.08
252.36
Total Debt/Equity
0.30
0.36
0.36
0.22
0.18
0.19
0.17
0.08
0.00
0.00
Interest Cover
3.17
1.82
1.29
2.17
2.05
-6.71
-0.12
6.35
5.86
2.48

News Update:


  • BHEL secures order for eight Gas Turbine Generator packages
    29th Jul 2026, 12:55 PM

    This order is largest-ever single order secured by the company on Supply & Supervision basis for Gas Turbine Generator packages

    Read More
  • Bharat Heavy Elect. - Quarterly Results
    17th Jul 2026, 00:00 AM

    Read More
  • Bharat Heavy Electricals turns black in Q1FY27
    16th Jul 2026, 16:00 PM

    Consolidated total income of the company grew by 39.83% to Rs 7,911.86 crore in Q1FY27

    Read More
  • BHEL signs agreement with thyssenkrup nucera India
    7th Jul 2026, 15:58 PM

    This strategic tie-up shall enable phased indigenization and local manufacturing of Alkaline electrolyser systems for green hydrogen projects in India

    Read More
  • BHEL bags NoA worth over Rs 21,000 crore from MUNPL
    5th Jun 2026, 12:12 PM

    The NoA is for EPC package of 3x800 MW Meja supercritical thermal power project Stage-II (Prayagraj, Uttar Pradesh)

    Read More
  • BHEL inks pact with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise
    4th Jun 2026, 09:29 AM

    The order is valued between Rs 2000 crore to Rs 2500 crore

    Read More
  • BHEL enters into LAToT with NSTL- DRDO
    29th Apr 2026, 10:08 AM

    The company has entered into agreement for Fabrication, Installation & Commissioning of the LM2500 Gas Turbine Infrared Suppression System for Naval Vessels

    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.