Bharat Heavy Electricals Limited
BHEL · 500103 · Industrials · Heavy Electrical Equipment
- Market cap
- Rs 1,39,961 Cr
- P/E
- 48.60x
- P/B
- 5.23x
- 52W high / low
- Rs 464 / Rs 237
About Bharat Heavy Electricals
Bharat Heavy Electricals Limited is listed on the NSE under the symbol BHEL and on the BSE under scrip code 500103. It is classified in the Industrials sector, industry: Heavy Electrical Equipment. It is a constituent of BSE 200, NIFTY 200, NIFTY 500, NIFTY Energy and NIFTY Midcap 150. The company listed on 11 Nov 2003 and has a face value of Rs 2.
The latest available end-of-day price is Rs 401.95 (−0.83% on the day), for a market capitalisation of Rs 1,39,961 Cr. Trailing P/E is 48.60x and price-to-book is 5.23x. The 52-week range is Rs 237 to Rs 464. The latest price is 73% of the way from the 52-week low to the 52-week high.
Against the 12-company comparison set from the official BSE basic industry Heavy Electrical Equipment, its market capitalisation is 1.4 times the peer median of Rs 1,00,118 Cr, and its P/E of 48.60x compares with a peer median of 56.57x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), Bharat Heavy Electricals Limited reported revenue of Rs 33,782 Cr and net profit of Rs 1,600 Cr, with a net margin of 4.74% and earnings per share of Rs 4.6 (consolidated statements).
Year-on-year change: revenue +20.08%; net profit +199.73%; EPS +200.65%. Three-year compound annual growth rate: revenue +13.18%; net profit +49.65%.
At the same date the balance sheet shows total assets of Rs 76,186 Cr, shareholders' equity of Rs 26,147 Cr, total debt of Rs 8,187 Cr, cash of Rs 1,435 Cr, a debt-to-equity ratio of 0.31 and operating cash flow of Rs 5,837 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 37,782 Cr, net income of Rs 2,879 Cr and a net margin of 7.62%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, Bharat Heavy Electricals Limited's ownership is split: promoters 58.17%; foreign institutional investors (FIIs) 9.94%; domestic institutional investors (DIIs) 21.88%; retail and other shareholders 10.01%.
Compared with the filing for 30 Jun 2026: promoter holding 0.00 percentage points; FII holding +0.43 percentage points; DII holding −0.56 percentage points.
The same filing lists reported promoter pledge of 0.00% and 16,04,120 shareholders on record.
Recent filings and corporate actions
123 BSE corporate announcements were filed by Bharat Heavy Electricals Limited in the past twelve months; the most frequent category is "Company Update" (103). The most recent is "Investor Meet" (Company Update), filed on 29 Oct 2026.
The disclosed corporate-action timeline lists 5 entries: dividend (5). The latest is a dividend (Final Dividend - Rs. - 1.4000) with ex-date 17 Jul 2026.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
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Peer comparison
Official BSE basic industry: Heavy Electrical Equipment. Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Bharat Heavy Electricals LimitedThis company | Rs 401.95 | Rs 1,39,961 Cr | Rs 38,710 Cr | Rs 2,879 Cr | 48.60x | 11.32% |
| ABB India Limited | Rs 6,530 | Rs 1,38,371 Cr | Rs 13,963 Cr | Rs 2,988 Cr | 88.96x | 27.61% |
| CG Power and Industrial Solutions Limited | Rs 829.8 | Rs 1,30,694 Cr | Rs 13,124 Cr | Rs 1,240 Cr | 95.70x | 17.71% |
| Hitachi Energy India Limited | Rs 28,125 | Rs 1,25,438 Cr | Rs 9,446 Cr | Rs 1,150 Cr | — | 24.50% |
| Siemens Limited | Rs 3,366 | Rs 1,19,830 Cr | — | — | 52.50x | — |
| GE Vernova T&D India Limited | Rs 4,091 | Rs 1,04,750 Cr | Rs 6,829 Cr | Rs 1,305 Cr | 80.25x | 58.48% |
| Siemens Energy India Limited | Rs 2,812.3 | Rs 1,00,118 Cr | Rs 9,626 Cr | Rs 1,488 Cr | 67.30x | 34.33% |
| Suzlon Energy Limited | Rs 36.79 | Rs 50,610 Cr | Rs 18,550 Cr | Rs 2,259 Cr | 22.43x | 29.02% |
| Thermax Limited | Rs 3,193.1 | Rs 35,970 Cr | Rs 11,109 Cr | Rs 591 Cr | 60.64x | 11.32% |
| Schneider Electric Infrastructure Limited | Rs 1,130.7 | Rs 27,035 Cr | Rs 2,941 Cr | Rs 184 Cr | — | 27.50% |
| Azad Engineering Limited | Rs 2,533.9 | Rs 16,364 Cr | Rs 679 Cr | Rs 139 Cr | — | 9.51% |
| Triveni Turbine Limited | Rs 469.6 | Rs 14,933 Cr | Rs 2,335 Cr | Rs 336 Cr | 44.43x | 25.26% |
| Median | Rs 2,533.9 | Rs 1,00,118 Cr | Rs 9,536 Cr | Rs 1,195 Cr | 56.57x | 24.88% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Reels about Bharat Heavy Electricals
Companies related to Bharat Heavy Electricals
Same official industry (Heavy Electrical Equipment)
- ABB India LimitedABB · Market cap Rs 1,38,371 Cr
- CG Power and Industrial Solutions LimitedCGPOWER · Market cap Rs 1,30,694 Cr
- Hitachi Energy India LimitedPOWERINDIA · Market cap Rs 1,25,438 Cr
- Siemens LimitedSIEMENS · Market cap Rs 1,19,830 Cr
- GE Vernova T&D India LimitedGVT&D · Market cap Rs 1,04,750 Cr
- Siemens Energy India LimitedENRIN · Market cap Rs 1,00,118 Cr
- Suzlon Energy LimitedSUZLON · Market cap Rs 50,610 Cr
- Thermax LimitedTHERMAX · Market cap Rs 35,970 Cr
Other Industrials companies of a similar market capitalisation
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- Cummins India LimitedCUMMINSIND · Market cap Rs 1,25,161 Cr
- Polycab India LimitedPOLYCAB · Market cap Rs 1,16,711 Cr
- Ashok Leyland LimitedASHOKLEY · Market cap Rs 85,172 Cr
- Mazagon Dock Shipbuilders LimitedMAZDOCK · Market cap Rs 71,104 Cr
- Waaree Energies LimitedWAAREEENER · Market cap Rs 66,677 Cr
- Welspun Corp LimitedWELCORP · Market cap Rs 65,926 Cr
Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.