Search & Analyze

Bharat Heavy Electricals Ltd.

Capital GoodsEngineering - Industrial Equipments

www.bhel.com BSE: 500103NSE: BHEL

₹387.00BSE2.84%

23 Oct, 4:01 PM

₹387.00

₹1.35L Cr

46.81

5.04

6.29%

₹399.05

₹377.75

₹463.60

₹229.70

Customise metrics bar

Bharat Heavy Electricals Ltd. (BHEL) share price closed at ₹387.00 on the BSE on Friday, October 23, 2026, down by 2.84% from its of ₹398.30. In that session BHEL reached a of 399.05 and of 377.75. The for the session was 382.70. The stands at 425.17 and is at 356.58. Looking at , the stock ended the session moving sideways.

Stock Overview

Symbol

BHEL

₹399.00

₹398.30

₹382.70

₹425.17

Price 8.98% below

₹356.58

Price 8.53% above

43.43% of range

₹377.75₹399.05

67.25% of range

₹229.70₹463.60

Price Performance

Peer Comparison

Name
Bharat Heavy Electricals Ltd. BHEL	387.00	46.81	1,34,755.85	0.36	820.94	118.98%	9,300.35	23.81%	9.24
INDOMIM INDOMIM	1,100.00	101.95	54,392.90	0.62	240.12	31.64%	1,218.74	9.39%	24.48
THERMAX THERMAX	3,095.60	62.16	36,886.02	0.65	21.79	-85.61%	2,302.73	6.73%	15.85
ZETWERK ZETWERK	138.30		23,431.54	0.00					-8.63
JYOTICNC JYOTICNC	892.80	62.91	20,304.33	0.00	57.14	-19.99%	508.47	23.97%	21.34
INOXINDIA INOXINDIA	1,872.25	66.43	17,022.96	0.11	58.07	-4.98%	370.79	9.18%	33.54
AZAD AZAD	2,484.60	115.46	16,045.98	0.00	35.16	19.46%	172.60	25.90%	12.04
TRIVENITURB TRITURBINE	445.50	42.04	14,162.47	0.96	51.10	-20.65%	442.70	19.23%	35.95

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	5,484.92	6,584.10	7,277.09	8,993.37	5,486.91	7,511.80	8,473.10	12,310.37	7,697.72	9,300.35
Expenses	5,654.27	6,309.10	6,972.85	8,161.69	6,024.05	6,930.87	7,927.80	10,557.27	7,193.86	8,274.55
	-169.35	275.00	304.24	831.68	-537.14	580.93	545.30	1,753.10	503.86	1,025.80
	-3.09%	4.18%	4.18%	9.25%	-9.79%	7.73%	6.44%	14.24%	6.55%	11.03%
	96.86	111.27	107.91	149.27	171.16	174.61	218.75	243.13	214.14	252.66
Interest	161.74	201.38	183.78	201.43	181.21	195.21	182.47	197.52	139.88	124.77
	58.97	60.09	67.88	85.02	74.52	75.46	77.99	87.90	81.88	83.08
	-278.99	141.42	178.75	704.42	-608.04	499.23	519.83	1,727.59	507.70	1,089.07
	24.23%	24.94%	24.64%	28.39%	25.09%	24.91%	24.90%	25.30%	25.80%	24.62%
	-211.40	106.15	134.70	504.45	-455.50	374.89	390.40	1,290.47	376.71	820.94
	-0.61	0.30	0.39	1.45	-1.31	1.08	1.12	3.71	1.08	2.36

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	24,181.09	26,930.94	27,678.78	32,891.29	40,227.51
Less: Excise Duty	2,970.00	3,566.00	3,786.00	4,551.81	6,445.33
	21,211.09	23,364.94	23,892.78	28,339.48	33,782.18
EXPENDITURE :
Increase/Decrease in Stock	525.64	-57.15	-436.74	-1,542.32	-1,291.19
Raw Material Consumed	9,204.15	10,532.61	11,984.73	14,965.64	17,895.18
Power & Fuel Cost	435.58	510.50	475.59	511.08	523.60
Employee Cost	5,519.05	5,700.63	5,628.84	5,923.42	6,467.62
Other Manufacturing Expenses	5,492.89	6,279.55	5,765.03	5,997.28	7,046.90
General and Administration Expenses	512.33	587.32	611.62	731.39	742.51
Selling and Distribution Expenses	251.18	261.81	217.15	248.13	342.83
Miscellaneous Expenses	1,649.12	1,568.08	3,847.87	5,723.01	5,677.38
	23,589.94	25,383.35	28,094.09	32,557.63	37,404.83
Operating Profit (Excl OI)	-2,378.85	-2,018.41	-4,201.31	-4,218.15	-3,622.65
	3,561.14	3,550.53	5,456.53	6,082.78	7,002.09
	1,182.29	1,532.12	1,255.22	1,864.63	3,379.44
Interest	448.13	612.19	827.64	906.08	986.01
PBDT	734.16	919.93	427.58	958.55	2,393.43
	314.12	260.34	248.90	271.96	315.87
Profit Before Taxation & Exceptional Items	420.04	659.59	178.68	686.59	2,077.56
	470.46	715.61	242.66	745.60	2,138.61
Provision for Tax	25.75	61.49	-39.56	211.70	538.35
	444.71	654.12	282.22	533.90	1,600.26
Extra items	0.00			0.00	0.00
Minority Interest	1.32
Consolidated Net Profit	446.03	654.12	282.22	533.90	1,600.26
Adjustments to PAT	-17.08
Profit Balance B/F	-4,867.48	-4,421.45	-6,533.10	-6,390.15	-5,943.30
Appropriations	-4,438.53	-3,767.33	-6,250.88	-5,856.25	-4,343.04
Equity Dividend %	20.00%	20.00%	12.50%	25.00%	70.00%
	1.28	1.88	0.81	1.53	4.60
Adjusted EPS	1.28	1.88	0.81	1.53	4.60

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	696.41	696.41	696.41	696.41	696.41
Total Reserves	25,810.19	23,681.85	23,742.24	24,025.75	25,450.19
Reserve excluding Revaluation Reserve	25,810.19	23,681.85	23,742.24	24,025.75	25,450.19
	26,506.60	24,378.26	24,438.65	24,722.16	26,146.60
Deferred Tax Assets / Liabilities	-3,530.08	-4,246.54	-4,201.26	-4,067.72	-3,532.80
Other Long Term Liabilities	2,462.87	2,895.26	4,534.19	10,379.08	14,038.77
Long Term Trade Payables	2,131.93	2,065.92	2,292.76	2,170.79	1,343.44
Long Term Provisions	3,771.21	4,101.02	2,489.08	2,585.56	2,354.62
Total Non-Current Liabilities	4,835.93	4,815.66	5,114.77	11,067.71	14,204.03
Trade Payables	7,749.59	9,895.83	8,539.38	9,540.92	10,491.60
Other Current Liabilities	5,809.86	5,402.10	5,581.59	8,074.36	11,941.67
Short Term Borrowings	4,745.00	5,385.00	8,808.00	8,795.00	7,950.00
Short Term Provisions	3,128.17	2,856.05	2,343.40	1,827.51	1,928.68
Total Current Liabilities	21,432.62	23,538.98	25,272.37	28,237.79	32,311.95
Total Liabilities	52,775.15	52,732.90	54,825.79	64,027.66	72,662.58
Gross Block	6,639.82	6,948.85	7,236.25	7,748.16	8,004.53
Less: Accumulated Depreciation	4,241.36	4,472.87	4,662.21	4,801.43	5,006.52
Net Block	2,398.46	2,475.98	2,574.04	2,946.73	2,998.01
Capital Work in Progress	422.32	344.59	282.32	161.70	399.20
Non Current Investments	205.15	235.42	255.67	275.57	302.06
Long Term Investment	205.15	235.42	255.67	275.57	302.06
Long Term Loans & Advances	3,424.18	3,661.02	3,521.69	3,378.15	2,893.48
Other Non Current Assets	18,392.93	16,852.71	13,598.79	14,459.36	14,508.34
Total Non-Current Assets	24,851.70	23,578.98	20,258.55	21,255.69	21,197.46
Inventories	6,560.21	6,755.90	7,220.57	9,869.49	13,334.58
Sundry Debtors	3,024.75	3,128.35	4,785.38	5,884.35	6,796.27
Cash and Bank	7,153.69	6,698.07	6,157.47	7,612.41	11,866.62
Other Current Assets	1,275.65	1,196.60	1,308.26	1,669.23	2,196.38
Short Term Loans and Advances	9,909.15	11,375.00	15,095.56	17,736.49	17,271.27
Total Current Assets	27,923.45	29,153.92	34,567.24	42,771.97	51,465.12
Net Current Assets (Including Current Investments)	6,490.83	5,614.94	9,294.87	14,534.18	19,153.17
Total Assets	52,775.15	52,732.90	54,825.79	64,027.66	72,662.58
Contingent Liabilities	6,755.70	7,306.80	7,945.21	6,308.11	6,609.85
Total Debt	4,745.00	5,385.00	8,808.00	8,795.00	7,950.00
	76.12	70.01	70.18	71.00	75.09
Adjusted Book Value	76.12	70.01	70.18	71.00	75.09

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	470.46	715.61	242.66	745.60	2,138.61
Adjustment	-813.82	-770.10	-733.12	-364.47	-395.26
Changes In working Capital	594.73	-796.63	-3,444.61	1,730.06	4,083.65
Cash Flow after changes in Working Capital	251.37	-851.12	-3,935.07	2,111.19	5,827.00
Cash Flow from Operating Activities	660.25	-740.70	-3,712.90	2,192.47	5,837.38
Cash Flow from Investing Activities	-1,125.32	1,480.46	1,330.86	-2,731.49	-3,035.41
Cash Flow from Financing Activitie	-329.49	88.96	2,655.74	-856.81	-1,805.73
Net Cash Inflow / Outflow	-794.56	828.72	273.70	-1,395.83	996.24
Opening Cash & Cash Equivalents	1,519.90	732.62	1,561.34	1,835.04	439.21
Cash & Cash Equivalent of Subsidiaries under liquidations	7.28
Closing Cash & Cash Equivalent	732.62	1,561.34	1,835.04	439.21	1,435.45

Ratios

Valuation

46.81

5.04

27.36

3.57

8.27

76.83

Profitability

6.29

9.24

2.34

-9.01

3.98

Leverage & Liquidity

0.30

1.59

3.17

Returns

0.36

0.59

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	63.17	63.17	63.17	63.17	63.17	63.17	63.17	58.17	58.17	58.17
	24.12	24.17	23.47	23.54	24.81	24.85	25.98	31.21	31.96	31.82
	12.70	12.66	13.36	13.29	12.02	11.98	10.85	10.62	9.88	10.02
	36.83	36.83	36.83	36.83	36.83	36.83	36.83	41.83	41.83	41.83
No. of Shareholders	18,80,851	19,95,266	20,83,026	21,20,567	19,83,215	19,61,664	17,91,831	17,55,262	16,28,020	16,04,120

Mutual Funds Invested(327)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 208 active funds hold 10.36% in Bharat Heavy Electricals Ltd., contributing to ₹14.99K Cr of holdings

Fund				As of
NI Nippon India Small Cap Fund - Growth - Direct PlanSmall cap Fund	1,433.83	1.77	3,45,08,595	Sep '26
NI Nippon India Growth Mid Cap Fund - Growth Option - Direct PlanMid Cap Fund	706.35	1.41	1,70,00,000	Sep '26
AX Axis Midcap Fund - Growth - Direct PlanMid Cap Fund	649.71	1.94	1,56,36,754	Sep '26
SB SBI Midcap Fund - Growth - Direct PlanMid Cap Fund	623.25	2.68	1,50,00,000	Sep '26
QU Quant ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	489.04	3.73	1,17,69,845	Sep '26
IP ICICI Prudential Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	480.45	1.35	1,15,63,125	Sep '26
AB Aditya Birla Sun Life PSU Equity Fund - Growth - Direct PlanEquity - Thematic Fund - Other	386.26	6.69	92,96,301	Sep '26
QU Quant Mid Cap Fund - Growth - Direct PlanMid Cap Fund	385.23	5.03	92,71,500	Sep '26
SB SBI Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	333.97	0.72	80,37,750	Sep '26
MI Mirae Asset Midcap Fund - Growth - Direct PlanMid Cap Fund	328.22	1.68	78,99,475	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-09-29	Board Meeting	Quarterly Results
2026-07-09	Board Meeting	Quarterly Results
2026-07-01	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsEngineering - Industrial Equipments

Bharat Heavy Electricals Ltd. operates in the Capital Goods sector under the Engineering - Industrial Equipments industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

K Sadashiv Murthy

Chairman & Managing Director

₹72.30 L

Mar '26

Nigar Fatima Husain

Government Nominee Director

—

Vijay Mittal

Government Nominee Director

—

Tajinder Gupta

Executive Director - Power & HR

₹72.49 L

Mar '26

Bani Varma

Executive Director - Industrial Systems & Products

₹76.30 L

Mar '26

Rajesh Kumar Dwivedi

Executive Director - Finance

₹64.72 L

Mar '26

SM Ramanathan

Executive Director - Engineering, R&D

₹71.94 L

Mar '26

Yogesh R Chhabra

Company Secretary & Compliance Officer

—

Manepalli Sridhar

Director - HR

—

BHEL Latest News

News

10 of 10 articles

COMPANY14 Oct 2026 · 17:23

BHEL reports over two-fold jump in Q2 consolidated net profit

Consolidated total income of the company increased by 24.28% to Rs 9,553.01 crore in Q2FY27

EQUITY14 Oct 2026 · 17:16

Bharat Heavy Electricals informs about unaudited financial results

EQUITY25 Aug 2026 · 11:09

Bharat Heavy Electricals informs about change in senior management

EQUITY18 Aug 2026 · 12:34

Bharat Heavy Electricals informs about SAST

EQUITY14 Aug 2026 · 10:20

BHEL rises on signing agreement with Hystar AS

The collaboration will also strengthen BHEL’s project execution capabilities for green hydrogen projects in India

COMPANY13 Aug 2026 · 16:26

BHEL signs agreement with Hystar AS

The collaboration will also strengthen BHEL’s project execution capabilities for green hydrogen projects in India

EQUITY12 Aug 2026 · 14:47

Bharat Heavy Electricals informs about credit rating

COMPANY29 Jul 2026 · 12:55

BHEL secures order for eight Gas Turbine Generator packages

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

EQUITY17 Jul 2026 · 09:40

BHEL shines on reporting consolidated net profit of Rs 376.71 crore in Q1FY27

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

COMPANY16 Jul 2026 · 16:00

Bharat Heavy Electricals turns black in Q1FY27

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

BHEL

₹387.00

-2.84%