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Bharat Heavy Electricals Ltd.

BSE: BHEL500103ISIN INE257A01026
  • Industrials
  • Heavy Electrical Equipment
  • BSE 200

Share price

₹424.00+24.55 (+6.15%)
as of 4 Nov 2026
Bharat Heavy Electricals Ltd. share price, 4 Nov 2025 to 4 Nov 2026: ₹267.20 to ₹424.00 (+58.7%). Low ₹245.55, high ₹463.50. Volume shown below the price.

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high
₹463.60
52W low
₹239.25
Off 52W high
-8.54%
1M return
-0.84%
3M return
+3.31%
6M return
+9.84%
1Y return
+58.68%
20D avg volume
7,33,539
50 DMA
₹421.94
200 DMA
₹361.15

Key ratios Consolidated

Market cap
₹1,47,639 Cr
Current price
₹424.00
52W high / low
₹463.60 / ₹239.25
Face value
₹2.00
P/E
51.29
P/B
5.52
EPS (TTM)
₹8.27
Book value / share
₹76.83
ROE
—
ROCE
6.50%
Operating margin
—
Net margin
—
Debt / equity
0.31
Net debt
₹6,752 Cr
Interest cover
3.75
Dividend yield
0.33%
Dividend / share (TTM)
₹1.40
Payout
16.93%
Cash conversion cycle
104.1 days

Financials

MetricQ2 FY27Q1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24
Income statement
9,3007,69812,3108,4737,5125,4878,9937,2776,5845,4858,2605,504
252.66214.14243.13218.75174.61171.16149.27107.91111.2796.86156.5995.82
9,5537,91212,5548,6927,6865,6589,1437,3856,6955,5828,4175,600
8,4827,41610,8438,1887,2026,2808,4487,2256,5715,8757,7945,817
6,9585,8398,3466,0595,7414,1286,9794,8954,7893,7255,7553,939
0.000.000.000.000.000.000.00—————
1,6521,5061,9941,5311,4801,4621,5391,4821,4671,4351,4851,442
124.77139.88197.52182.47195.21181.21201.43183.78201.38161.74193.32189.60
83.0881.8887.9077.9975.4674.5285.0267.8860.0958.9768.4060.60
721.00390.79542.15534.69237.39675.05669.06906.64411.80341.84527.1395.36
1,071496.241,711503.59484.87-621.71694.50160.49124.80-293.20622.73-217.24
0.000.000.000.000.000.000.000.000.000.000.000.00
1,071496.241,711503.59484.87-621.71694.50160.49124.80-293.20622.73-217.24
268.13130.99437.12129.43124.34-152.54199.9744.0535.2767.59146.7046.14
820.94376.711,290390.40374.89-455.50504.45134.70106.15-211.40489.62-148.77
2.361.083.711.121.08-1.311.450.390.30-0.611.41-0.43
Key metrics
1,278718.001,996764.05755.54-365.98980.95412.15386.27-72.49884.4532.96
13.70%9.30%16.20%9.00%10.10%-6.70%10.90%5.70%5.90%-1.30%10.70%0.60%
8.80%4.90%10.50%4.60%5.00%-8.30%5.60%1.90%1.60%-3.90%5.90%-2.70%
2.60%—4.30%—1.70%—2.20%—————
23.80%40.30%36.90%16.40%14.10%0.00%8.90%32.20%————
119.00%182.70%155.80%189.80%253.20%-115.50%3.00%190.50%————
MetricTTMFY26FY25FY24FY23FY22FY21FY20FY19FY18
Income statement
37,78233,78228,33923,89323,36521,21117,30921,49030,36829,075
928.68807.65465.31546.27488.63354.54348.42564.30661.52678.01
38,71034,59028,80524,43923,85421,56617,65722,05431,02929,753
34,92932,51228,11824,26023,43021,14621,29722,73928,99328,148
27,20324,27420,38717,24415,9549,84811,07114,72918,850—
0.000.000.00——4,142————
6,6846,4685,9235,6295,7015,5195,3785,4096,269—
644.64756.41748.33731.29521.43355.96373.95508.45288.01255.16
330.85315.87271.96248.90260.34314.12473.25503.27475.74—
2,1891,9892,329844.23647.03162.623,4902,6054,1834,782
3,7812,078686.59178.68423.42420.04-3,640-684.792,0361,606
0.000.000.000.000.000.000.000.000.000.00
3,7812,078686.59178.68423.42420.04-3,640-684.792,0361,606
965.67538.35211.7039.562.0525.75896.23809.28840.94776.68
2,8791,600533.90282.22477.39444.71-2,700-1,4681,009438.19
8.274.601.530.811.371.28-7.75-4.222.78—
Key metrics
4,7573,1501,7071,1591,2051,090-2,793326.932,7991,861
12.59%9.30%6.00%4.90%5.20%5.10%-16.10%1.50%9.20%6.40%
7.62%4.70%1.90%1.20%2.00%2.10%-15.60%-6.80%3.30%1.50%
—6.50%3.60%———————
29.08%19.20%18.60%2.30%10.20%22.50%-19.50%-29.20%4.40%—
415.37%199.70%89.20%-40.90%7.30%116.50%-83.90%-245.50%130.30%—
—5,2481,910———————
—3.654.11———————
—0.310.36———————
—6,7528,575———————
—104.180.0———————
Balance sheet
—76,18668,083———————
—51,45542,760———————
—1,435439.21———————
—6,7965,884———————
—13,3359,869———————
—18,92318,955———————
—2,9332,862———————
—10,4929,541———————
—32,30228,226———————
—8,1879,015———————
—8,0198,852———————
—168.18162.39———————
—26,14724,722———————
Cash flow
—5,8372,192———————
—-3,035-2,731———————
—-1,806-856.81———————
—589.04281.54———————
MetricQ2 FY27Q1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24
Income statement
9,3007,69812,3108,4737,5125,4878,9937,2776,5845,4858,2605,504
259.80230.80252.12227.08181.75185.44158.79116.24118.41109.95164.92104.15
9,5607,92912,5628,7007,6945,6729,1527,3936,7035,5958,4255,608
8,4827,41610,8438,1887,2026,2808,4487,2256,5715,8757,7945,817
6,9585,8398,3466,0595,7414,1286,9794,8954,7893,7255,7553,939
0.000.000.000.000.000.000.00—————
1,6521,5061,9941,5311,4801,4621,5391,4821,4671,4351,4851,442
124.77139.88197.52182.47195.21181.21201.43183.78201.38161.74193.32189.60
83.0881.8887.9077.9975.4674.5285.0267.8860.0958.9768.4060.60
721.00390.79542.15534.69237.39675.05669.06906.64411.80341.84527.1395.36
1,078512.901,720511.92492.01-607.43704.02168.82131.94-280.11631.06-208.91
0.000.000.000.000.000.000.00—————
1,078512.901,720511.92492.01-607.43704.02168.82131.94-280.11631.06-208.91
268.13130.99437.12129.43124.34152.54199.9744.0535.2767.59146.7046.14
809.62381.911,283382.49367.67-454.89504.05124.7796.67-212.52484.36-162.77
2.331.103.681.101.06-1.311.450.360.28-0.611.39-0.47
Key metrics
1,286734.662,005772.38762.68-351.70990.47420.48393.41-59.40892.7841.29
13.80%9.50%16.30%9.10%10.20%-6.40%11.00%5.80%6.00%-1.10%10.80%0.80%
8.70%5.00%10.40%4.50%4.90%-8.30%5.60%1.70%1.50%-3.90%5.90%-3.00%
2.60%—4.30%—1.70%—2.20%—————
23.80%40.30%36.90%16.40%14.10%0.00%8.90%32.20%————
120.20%184.00%154.50%206.60%280.30%-114.00%4.10%176.70%————
MetricTTMFY26FY25FY24FY23FY22FY21FY20FY19FY18
Income statement
37,78233,78228,33923,89323,36521,21117,30821,48630,34929,061
969.80846.39503.39587.92514.81367.81369.84580.58677.64693.05
38,75134,62928,84324,48123,88021,57917,67822,06731,02729,754
34,92932,51228,11824,26023,43021,14221,29022,72928,96928,169
27,20324,27420,38717,24415,9549,84811,07114,72718,837—
0.000.000.00——4,142————
6,6846,4685,9235,6295,7015,5175,3725,4036,261—
644.64756.41748.33731.29521.43354.72373.09506.95286.93254.55
330.85315.87271.96248.90260.34314.06473.05502.86474.81—
2,1891,9892,329844.23647.03162.493,4902,6044,1824,823
3,8222,116724.67220.33449.60436.95-3,612-662.112,0581,585
0.000.000.00———————
3,8222,116724.67220.33449.60436.95-3,612-662.112,0581,585
965.67538.35211.7039.562.0526.71894.46810.86842.47778.39
2,8571,578512.97259.89447.55410.24-2,717-1,4731,215806.60
8.214.531.470.751.291.18-7.80-4.233.35—
Key metrics
4,7983,1891,7451,2011,2311,106-2,765347.702,8201,840
12.70%9.40%6.20%5.00%5.30%5.20%-16.00%1.60%9.30%6.30%
7.56%4.70%1.80%1.10%1.90%1.90%-15.70%-6.90%4.00%2.80%
—6.50%3.70%———————
29.08%19.20%18.60%2.30%10.20%22.50%-19.40%-29.20%4.40%—
427.46%207.60%97.40%-41.90%9.10%115.10%-84.50%-221.20%50.70%—
—5,2481,910———————
—3.704.27———————
—0.310.36———————
—6,7528,575———————
—104.180.0———————
Balance sheet
—76,56068,479———————
—51,45542,760———————
—1,435439.21———————
—6,7965,884———————
—13,3359,869———————
—18,92318,955———————
—2,9332,862———————
—10,4929,541———————
—32,30728,231———————
—8,1879,015———————
—8,0198,852———————
—168.18162.39———————
—26,51625,113———————
Cash flow
—5,8372,192———————
—-3,035-2,731———————
—-1,806-856.81———————
—589.04281.54———————

Compounded growth

Standalone

Sales CAGR 3Y
+13.08%
Sales CAGR 5Y
+14.31%
Profit CAGR 3Y
+52.20%
Profit CAGR 5Y
—
Sales YoY (TTM)
+29.08%
Profit YoY (TTM)
+427.46%

Consolidated

Sales CAGR 3Y
+13.08%
Sales CAGR 5Y
+14.31%
Profit CAGR 3Y
+49.66%
Profit CAGR 5Y
—
Sales YoY (TTM)
+29.08%
Profit YoY (TTM)
+415.37%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding
58.17%
QuarterSeptember 2026June 2026
Promoter %58.17%58.17%
HolderTypeHoldingPreviousChange
PRESIDENT OF INDIAPromoter58.17%58.17%0.00%
LIFE INSURANCE CORPORATION OF INDIAPublic5.21%6.01%-0.80%
NIPPON LIFE INDIA TRUSTEE LTDPublic2.42%2.49%-0.07%
NPS TRUSTPublic1.86%1.62%+0.24%
QUANT MUTUAL FUNDPublic1.09%——
AXIS MUTUAL FUND TRUSTEE LTDPublic1.08%1.07%+0.01%
SBI MUTUAL FUNDPublic1.01%1.32%-0.31%
FIIPublic0.00%0.00%0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

CompanyMkt cap (₹ Cr)Price (₹)P/EROCESales YoYProfit YoY1Y return
Bharat Heavy Electricals Ltd.1,47,639424.0051.296.50%+29.08% TTM+415.37% TTM+58.68%
ABB India Limited S1,43,1236,754.0046.67—+7.92% TTM+66.43% TTM+28.89%
CG Power and Industrial Solutions Limited1,32,631841.8597.1819.30%+23.76% TTM+28.33% TTM+12.62%
HITACHI ENERGY INDIA LIMITED S1,29,26229,000.40112.3724.90%+40.17% TTM+127.73% TTM+41.26%
Siemens Ltd.1,25,1763,515.0042.1120.80%——+12.74%
GE Vernova T&D India Limited S1,09,2064,265.1076.0058.50%+41.34% TTM+56.22% TTM+35.57%
Siemens Energy India Limited S1,05,4122,960.0070.8526.10%——-8.69%
SUZLON ENERGY LTD.51,48137.4522.7927.00%+33.90% TTM-28.79% TTM-37.58%
Thermax Ltd.39,0953,280.9566.1915.40%+4.68% TTM-11.68% TTM+0.66%
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED S27,4481,147.95149.2824.90%+9.56% TTM-29.50% TTM+28.95%
TD Power Systems Ltd23,403728.0585.1030.30%+54.29% TTM+45.27% TTM+77.57%
Azad Engineering Limited16,6642,580.35119.6411.50%+28.72% TTM+40.92% TTM+55.76%
Triveni Turbine Limited15,868499.1547.2132.00%+17.70% TTM-1.90% TTM-6.73%
KARAMTARA ENGINEERING LIMITED12,315382.65——+36.52% FY26+64.18% FY26—
Atlanta Electricals Limited11,6431,514.1051.8634.60%——+50.82%
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED11,2491,452.5550.3627.30%+89.92% TTM+82.64% TTM+50.72%
Inox Wind Limited10,98663.5726.3410.40%+17.10% TTM-14.81% TTM-58.92%
VOLTAMP TRANSFORMERS LIMITED S10,13310,015.3531.3422.30%+22.89% TTM-1.63% TTM+35.97%
Elecon Engineering Co.Ltd.9,841438.5540.2218.60%+2.58% TTM-52.69% TTM-22.35%
Transformers and Rectifiers (India) Limited9,527317.4030.4425.40%+27.23% TTM+23.01% TTM-24.26%
Kanohar Electricals Limited S8,509941.15—————
Skipper Limited6,581538.9526.7922.20%+16.04% TTM+47.75% TTM+4.65%
Powerica Ltd.6,316499.05—11.20%———
Transrail Lighting Limited6,115454.6014.6031.90%+14.51% TTM+0.35% TTM-35.99%
GE Power India Limited4,196624.1015.4547.60%+18.73% TTM+9.86% TTM+106.66%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Corporate actions

PurposeEx dateRecord datePayment date
Final Dividend - Rs. - 1.400017 Jul 202617 Jul 2026—
Final Dividend - Rs. - 0.50001 Aug 20251 Aug 2025—
Final Dividend - Rs. - 0.25009 Aug 20249 Aug 2024—

Board meetings

  • Board Meeting - Financial Results
  • Board Meeting - Financial Results