Bharat Heavy Electricals Ltd (BHEL)
Capital Goods · Capital Goods - Electrical Equipment · NSE · Updated 1 October 2026
₹413.4↑ 73.37% (1Y)
🎯 Key Takeaways
- Revenue declined 37.5% QoQ to ₹7,698 in Q1FY27.
- Market Cap
- ₹1.44 L Cr
- P/E Ratio
- 59.1
- P/B Ratio
- 5.51
- ROE
- 9.3%
- ROCE
- 11.6%
- Debt/Equity
- 0.30
- Div Yield
- 0.34%
- Promoter
- 58.2%
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 7,512 | 8,473 | 12,310 | 7,698 |
| Operating Profit | 505 | 467 | 1,665 | 422 |
| OPM % | 6.7% | 5.5% | 13.5% | 5.5% |
| Net Profit | 375 | 390 | 1,290 | 377 |
| EPS | ₹1.08 | ₹1.12 | ₹3.71 | ₹1.08 |
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 696 | 696 | 696 | 696 |
| Reserves | 24,026 | 23,503 | 25,450 | 23,704 |
| Borrowings | 9,015 | 9,128 | 7,950 | 10,969 |
| Total Liabilities | 68,083 | 61,793 | 76,186 | 71,972 |
| Fixed Assets | 2,863 | 2,481 | 3,094 | 2,815 |
| Investments | 276 | 267 | 303 | 282 |
| Total Assets | 68,083 | 61,793 | 76,186 | 71,972 |
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +5,837 |
| Investing | -3,035 |
| Financing | -1,806 |
| Net Cash Flow | +996 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 63.2% | 63.2% | 58.2% | 58.2% |
| FII | 6.2% | 6.3% | 7.2% | 9.5% |
| DII | 18.6% | 19.7% | 24.0% | 22.4% |
| Public | 10.7% | 9.5% | 9.3% | 8.3% |
| # Shareholders | 19,61,664 | 17,91,831 | 17,55,262 | 16,28,020 |
⚖️ Peer Comparison — Capital Goods - Electrical Equipment
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ABB | 1.45 L Cr | 48.5 | 26.5% | — | 0.00 |
| BHEL | 1.44 L Cr | 59.1 | 11.6% | — | 0.30 |
| POWERINDIA | 1.38 L Cr | 119.7 | 29.9% | — | 0.00 |
| CGPOWER | 1.36 L Cr | 108.9 | 21.3% | — | 0.00 |
| SIEMENS | 1.33 L Cr | 40.7 | 14.2% | — | 0.00 |
| GVT&D | 1.07 L Cr | 82.3 | 99.4% | — | 0.00 |
| APARINDS | 71,581 | 60.6 | 33.0% | — | 0.16 |
| WAAREEENER | 68,892 | 18.0 | 33.2% | — | 0.17 |
| SUZLON | 54,284 | 17.3 | 44.5% | — | 0.05 |
| THERMAX | 39,223 | 62.5 | 12.5% | — | 0.41 |
🔗 Peer Stock Analyses
📋 Recent Filings
- Announcement2026-09-29BHEL announced that its board will meet on 14 October 2026 to approve unaudited financial results for the quarter ended 30 September 2026, and that th…
- Board Meeting2026-09-29BHEL announced a board meeting on 14 October 2026 to approve unaudited financial results for the quarter ended 30 September 2026, with a trading windo…
- 🔴 Announcement2026-09-25BHEL announced a senior management change effective September 25, 2026, with Executive Director Y Srinivasa Rao superannuating and Chi moust Shankar a…
- 🔴 Insider Trading2026-09-18BHEL announced a tripartite agreement effective September 18, 2026, involving Old RTA Alankit Assignments Limited and New RTA Bigshare Services Privat…
- 🔴 Announcement2026-09-15BHEL announced signing of a 50:50 joint venture with Titagarh Rail Systems to provide 35-year comprehensive maintenance for Vande Bharat Sleeper Train…
- 🔴 Corporate Action2026-09-14BHEL announced on September 14, 2026, that its board approved an additional Rs. **65 crores** equity investment in its 50:50 joint venture NBPPL with …
- 🔴 Announcement2026-09-08BHEL announced the appointment of statutory auditors for FY 2026-27, including newly added S. Venkatram & Co LLP as a branch auditor, as mandated by t…
- 🔴 Announcement2026-09-05BHEL announced a manufacturing unit visit at Haridwar for analysts and institutional investors on September 9, 2026, at 13:30 hrs, providing an opport…
- Announcement2026-08-26BHEL disclosed that BSE and NSE imposed a combined fine of [amount not verified] for non-compliance with SEBI LODR norms related to board composition …
- Announcement2026-08-25Bharat Heavy Electricals Limited announced the superannuation of Shri Sumeet Salhotra, General Manager & Head of Corporate Office (COC), effective 24 …
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-10-01.
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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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